Author: Journalist

South-east Asia: Between the devil and the deep blue sea South-east Asia is in a tricky position when it comes to receiving climate finance as stipulated by COP29. On the one hand, Myanmar, the Philippines, Thailand, Vietnam and Cambodia were, until 2019, among the 20 countries most exposed to climate risks, according to the Global Climate Risk Index, which is published by non-profit organisation Germanwatch. But South-east Asia is expected to continue its fast economic growth, accompanied by more greenhouse gas emissions, noted Dr Kim Jeong Won, a senior research fellow at ESI. This growth has reclassified many Asean nations…

ENVIRONMENTAL, social and governance (ESG) investing continues to gain traction in Malaysia, with corporates striving to align with global sustainability trends. This is not surprising as a recent study by Maybank Investment Bank Group (MIBG) Sustainability Research finds a positive correlation between ESG performance and equity returns.The financial group’s analysis of ESG performance among 114 Malaysian companies, representing about 70% of the nation’s market capitalisation, finds both progress and challenges in corporate sustainability efforts, with implications for investors seeking opportunities in a rapidly evolving market. Source link

A sudden infusion of $30 million into Donald Trump’s nascent cryptocurrency venture from a Chinese billionaire sued by the Securities and Exchange Commission for allegedly defrauding investors could potentially deliver an eight-figure payday to a company associated with the president-elect.The investment has sparked new concerns about Trump’s ability to potentially profit from foreign investors, and his positions on cryptocurrency following a presidential campaign in which he vowed to make the United States “the crypto capital of the planet.”Justin Sun — a cryptocurrency billionaire famous in part for his purchase of a $6 million banana art piece last month — announced…

The Dow Jones Industrial Average dropped slightly while the Nasdaq showed respectable gains to close out the trading week Friday. Some bitcoin stocks rebounded with the rise in the cryptocurrency while a voice technology stock backed by Nvidia (NVDA) soared yet again on the stock market today. The Nasdaq finished near session highs with a 0.9% gain and set a new record close in the process. The tech-heavy index is closing in on the 20,000 mark. Also in the black was the small-cap Russell 2000, which trimmed its gains to 0.4% as the index tried to reclaim Thursday’s losses. The…

Particularly for legacy businesses grappling with succession issues, Entrepreneurship Through Acquisition (ETA) helps ensure continuity, not just in operations but also ethosSINGAPORE stands at a crossroads. Built on the entrepreneurial grit of first and second-generation business owners, many iconic brands and family-run businesses now face a looming challenge: succession. A growing number of business owners – once the architects of Singapore’s economic miracle – are reaching retirement age. Yet, for many, finding someone to “take over” their legacy is proving elusive.This issue isn’t new, but the urgency underscores the importance of Entrepreneurship Through Acquisition (ETA) – a practical pathway enabling aspiring…

As someone involved in cryptocurrencies early in the game, you would speculate that I’m now a billionaire. Yes, I did invest in bitcoin in 2013 when it was just $60. Now, it’s hovering around the $100,000 per bitcoin mark (and ETH just broke $4,000). Congrats if you made the investment ten years ago. Nevertheless, during that ride – and it has been a ride – cryptocurrencies have rapidly risen and just as rapidly crashed. Add on to this the number of scammers and gamers in this sphere, and it is not the most comfortable space. It is why I have…

A wallet linked to the Polygon founder has been moving a huge amount of POL tokens to Binance, and people are starting to think there might be a potential price drop soon since the crypto has been rising fast in value for a while now. According to an X post shared by Onchain Lens today, a wallet address with tag “0x883…654332” moved 10 million POL tokens (worth nearly $7 million) to Binance.  This wallet seems to have been active for a while. Three weeks ago, it received 20 million POL tokens worth over $8 million from Polygon and moved them…

Ben Broché, Martha de Sá, Las Perera and Sanjay Wagle at the Lab Summit during New York Climate Week. The Global Innovation Lab for Climate Finance (the Lab) hosted a panel during the Lab Summit at the 2024 New York Climate Week, featuring three alumni from diverse sectors, regions, and instrument types. They shared their experiences and insights from their time with the Lab program developing innovative climate finance solutions. The panel included: Here are some key takeaways from their conversation, moderated by Ben Broché, Associate Director at CPI. 1. Scaling climate finance requires standardization and replication Marta de Sá…

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. And all of them boasted solid year-to-date gains in the final month of 2024. ↑ X NOW PLAYING Small Caps Lag As Nasdaq Holds Near Highs: Fiserv, Veracyte, Heico In Focus Due to their outsized market capitalizations, Magnificent Seven stocks hold a disproportionate influence on the market-cap weighted Nasdaq composite and S&P 500 indexes. For an in-depth look at this issue, check out IBD’s page on the Magnificent Seven weightings, market capitalizations and the…

You already know about the Magnificent Seven stocks driving the S&P 500. But what about the Elite Eight? Eight stocks in the S&P 500 — including of course Nvidia (NVDA) and Amazon.com (AMZN) but also Walmart (WMT) — generated a staggering $6 trillion in market value this year, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. ↑ X NOW PLAYING Beating The Market: How To Find Outperforming Stocks That’s more than half the total $11.8 trillion gained by all the companies in the S&P 500 this year. In other words, if you just…