Maybank will stop financing new coal activities as part of tis sustainable agenda. (Photo: theedgemarkets.com)
Kuala Lumpur (VNA) – Malaysia’s largest bank Malayan Bangking Bhd (Maybank) said itwill stop financing new coal activities as part of tis sustainable agenda.
Currently, coal financing makes up 0.2 percent of the bank’s total portfolio.
Maybank President and CEO Datuk Abdul FaridAlias said the bank aims to transition together with its borrowers to achievesustainable renewable energy mix in the medium and long term.
He affirmed that there is no new coalfinancing going forward for Maybank
The No Deforestation, No New Peat, and No Exploitation (NDPE) stance wasapproved by the bank’s board in January 2020, which applies to all relevantsectors, including but not limited to palm oil, forestry, logging, constructionand real estate.
Maybank has also launched its next five-year business strategy (2021-2025),known as M25, with focus on three outcomes of attaining sustainable return onequity, achieving top-rated customer experience through digital and hybridservices and becoming and regional leader in environmental, social andcorporate governance./.
Malaysian Minister of Finance Tengku Zafrul Abdul Aziz has said that Malaysia is confident of attracting more foreign investments this year after a big decline in 2020, and is looking at incentives to help support that goal.
The #SayaDigital programme launched on April 12 is expected to play an important role in helping Malaysian people and small businesses still affected by the COVID-19 pandemic, said Prime Minister Tan Sri Muhyiddin Yassin.
Malaysia must lay a strong foundation to support the new wave of digitalisation, especially now that the COVID-19 pandemic has accelerated the growth of the digital economy and opened up opportunities for a variety of new digital businesses, the Malaysia Digital Economy Corporation (MDEC) said.
Malaysian Prime Minister Tan Sri Muhyiddin Yassin on May 5 launched the Janingan Prihatin (PRIHATIN) Programme, involving an allocation of 3.5 billion RM (850 million USD), in an effort to bridge the digital gap of the B40 group (low-income earners).
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Maybank will stop financing new coal activities as part of tis sustainable agenda. (Photo: theedgemarkets.com) 
