BUSINESS

NEWS IN BRIEF: OCT 31, 2022

31/10/2022 02:39 PM

CAGAMAS BHD the national mortgage corporation of Malaysia has won multiple awards at The Asset Triple A Islamic Finance Awards 2022.

It said in a statement that the company was recognised with the prestigious Islamic Issuer of the Year - Quasi-Sovereign Award, Industry Leadership Award and the Best Quasi-Sovereign Sukuk Award.

Cagamas also clinched the GIFA Market Leadership Award (Islamic Securitisation) at the 12th Global Islamic Finance Awards (GIFA) for its contribution towards the growth of the capital markets, Islamic finance and other priority sectors through the issuance of innovative instruments.

-- BERNAMA

 

 

CIMB GROUP HOLDINGS BHD recently bagged 20 awards in treasury solutions from three key industry awards, namely the Asia Risk Awards 2022, The Asset Triple A Islamic Finance Awards 2022 and The Asset Triple A Private Capital Awards 2022.

In a statement, Chu Kok Wei, co-chief executive officer, group wholesale banking, said the bank would continue to innovate through its multi-asset capabilities to drive the market's growth and development across the region.

CIMB added that over the past year, it successfully executed various landmark environmental, social and governance and shariah-compliant transactions, including a RM2.45 billion sustainability-linked derivative in 2021.

-- BERNAMA

 

 

SIRIM BHD's research arm SIRIM IR held its first SIRIM International Industrial Research Advisory Council (IIRAC) on Oct 28, 2022.

The meeting was organised virtually and discussed advanced technology and digitalisation to increase productivity and efficiency in overcoming global issues related to climate change, renewable energy, medical and healthcare, food security, productivity, logistics and transportation.

“The IIRAC meeting is established not only to foster collaboration among each country but also to provide total solutions to meet the global and local challenges via our technology innovations and commercialisation services. 

“The council members have a significant role as advisors to SIRIM IR on the technology developments that align with the technology trend and market demands,” said SIRIM Bhd president and group chief executive officer Datuk Indera Dr Ahmad Sabirin Arshad in a statement.

-- BERNAMA

 

 

MALAYSIAN PALM OIL BOARD'S (MPOB) advanced biotechnology and breeding centre (ABBC) won the prestigious 2022 Mahathir Science Award in the Tropical Natural Resources category.

In a statement today, the Academy of Science Malaysia said ABBC is the third Malaysian recipient of the Mahathir Science Award in its 17-year history.

Academy of Sciences Malaysia president cum Country's Science, Technology and Innovation advisor Professor Emerita Datuk Asma Ismail commented: “The milestones of the ABBC are an exceptional achievement in the palm oil industry locally and internationally.”

The Mahathir Science Award is an annual recognition by the Mahathir Science Award Foundation, a global award given to individuals or organisations using science and technology to make outstanding contributions to the tropics.

-- BERNAMA

 

HONG LEONG ISLAMIC BANK BHD (HLISB) has unveiled HLB Jumpstart – Micro Business, a new social finance programme that provides seed funding to micro-businesses to kickstart their journey in entrepreneurship with partners Multiply Assist and Donate Cash (MADCash) and Alfie Tech Sdn Bhd (AlfieTech).

“HLB Jumpstart - Micro Business is part of the bank's efforts to strengthen its value-based intermediation offerings as a means to positively and sustainably impact underserved communities,” said HLISB chief executive officer Jasani Abdullah.

The Islamic financier said participants would get startup funds of RM4,000 per participant with a payback tenure of 12 months at a zero-profit rate through MADCash

“AlfieTech will disburse up to RM1,500 per applicant to use as e-commerce credit to run the business by placing orders on their own proprietary platform,” it added.

-- BERNAMA

 

 


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