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5 months ago

Dow drops almost 900 points, S&P 500 declines the most since April after Trump's new China tariff threat — CNBC The Trump post sparked a rapid sell-off in stocks Friday.

#EconomyBusiness Dow drops almost 900 points, S&P 500 declines the most since April after Trump's new China tariff threat in which he accused the country of "becoming very hostile" with its restrictions on rare earth metals, a key resource 4the tech & defense industries

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8 months ago

Marybrown eyes rapid expansion in Sabah with new outlets, local economic boost KOTA KINABALU (July 11): Malaysian halal fast food chain Marybrown has announced plans to aggressively expand its presence in Sabah, aiming to open up to 40 outlets across the state within the next two to three years. With 15 outlets already operating in Sabah, the brand is eyeing further growth in key districts, including Tawau, Semporna, Lahad Datu, Sandakan, Kota Marudu and Beaufort. “We are targeting another 20 to 30 outlets in the near future, with a long-term goal of opening 40 in total across Sabah,” said its Chief Executive Officer, Daniel Chan Lek Seong during the launch of its

Marybrown eyes rapid expansion in Sabah with new outlets, local economic boost #EconomyBusiness #MyAsean2025

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8 months ago

Kadin suggests nuclear partnership with Canada, South Korea Jakarta (ANTARA) – Deputy Chair of the Indonesian Chamber of Commerce and Industry (Kadin) Aryo Djojohadikusumo suggested that the government consider collaborating with Canada and South Korea on the development of nuclear power plants (PLTN). In a statement cited in Jakarta on Friday, he noted that both countries possess significant uranium reserves, on par with those of the United States, China, and Russia. He made the remarks in the context of the Electricity Supply Business Plan (RUPTL) of state-run electricity company PLN for the 2025–2034 period, which outlines Indonesia’s plan to build a 500-megawatt PLTN targeted to begin operations in

Kadin suggests nuclear partnership with Canada, South Korea #EconomyBusiness #Featured

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8 months ago

DKSH and Bayer Launch Strategic Partnership Across Multiple Markets in Southeast Asia DKSH has signed a strategic business partnership with life science company Bayer, to provide comprehensive services for a portion of the Bayer Pharmaceuticals business in Singapore, Malaysia, Thailand and the Philippines. Singapore (ANTARA/PRNewswire)- DKSH Business Unit Healthcare, a Strategic Healthcare Solutions Partner and leading provider of Market Expansion Services for pharmaceutical, over-the-counter (OTC), consumer health and medical device companies, announces a partnership with life science company Bayer. The scope of the partnership covers Bayer cardiovascular products in Singapore, Malaysia, Thailand, and the Philippines, as well as the women’s health retail portfolio in Thailand. Recognized for delivering sustainable growth for client

DKSH and Bayer Launch Strategic Partnership Across Multiple Markets in Southeast Asia #EconomyBusiness #Featured

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8 months ago

ICT manufacturing industry can support 8% growth goal: govt Batam, Riau Islands (ANTARA) – Deputy Industry Minister Faisol Riza has said that the information and communication technology (ICT) manufacturing sector can be a key driver for achieving the target of 8 percent economic growth. “The government has a strong ambition to reach 8 percent growth. One of the sectors we see as having significant potential and impact is the ICT (manufacturing) industry,” he added during a discussion held here on Thursday. He said that the government is continuing to learn from countries that have successfully developed high-tech industries, such as India, Vietnam, and Taiwan. “India, over the past decade,

ICT manufacturing industry can support 8% growth goal: govt #EconomyBusiness #Featured

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8 months ago

OPR cut a boost for consumer spending, property, entry-level car demand KUCHING (July 11): The central bank’s decision to cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent is expected to provide a timely lift to household spending and consumer sentiment. In a research note on Thursday, MIDF Amanah Investment Bank Bhd (MIDF Research) viewed the move, a first since the pandemic era, as positive for the consumer sector. It said the lower borrowing costs would reduce monthly payments for mortgages, personal loans and hire purchase financing. “This effectively boosts disposable income and may encourage renewed spending across discretionary categories, particularly in fashion and dining. “As

OPR cut a boost for consumer spending, property, entry-level car demand #EconomyBusiness #Featured

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8 months ago

Sarawak Cable to be delisted on July 15 after Bursa rejects appeal KUCHING (July 11): Sarawak Cable Bhd (SCB) will be delisted on July 15 after Bursa Malaysia rejected the company’s appeal for more time until Dec 31, 2025 to submit its regularisation plan. In a filing on Thursday, SCB said Bursa Securities based its decision on several key reasons, including the company’s failure to show material progress in finalising and submitting the regularisation plan, and the lack of clarity and certainty on the way forward. “Since the first announcement on Sept 30, 2022, SCB has had approximately 2 years and 9 months to regularise the Company’s financial condition in accordance with

Sarawak Cable to be delisted on July 15 after Bursa rejects appeal #EconomyBusiness #Featured

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8 months ago

World Hydrogen Asia 2025: Abang Johari to highlight S’wak’s role in Asia’s clean energy future in Tokyo KUCHING (July 9): Sarawak Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg has arrived in Tokyo, Japan today for a two-day official working visit to attend the World Hydrogen Asia 2025 conference. He touched down at Narita International Airport at 5.25pm local time, accompanied by a delegation that includes State Secretary Datuk Amar Mohamad Abu Bakar Marzuki, State Deputy Minister of Energy and Environmental Sustainability, Datuk Dr Hazland Abang Hipni; and Deputy State Secretary (Economic Planning and Development) Dato Sri Dr Muhammad Abdullah Zaidel. According to a Sarawak Public Communications Unit (Ukas) report, Abang Johari was received by Malaysian

World Hydrogen Asia 2025: Abang Johari to highlight S’wak’s role in Asia’s clean energy future in Tokyo #EconomyBusiness #Featured

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8 months ago

Anwar: Malaysia to continue negotiations with US before tariff rate finalised in August KUALA LUMPUR (July 9): The government will continue negotiations with the United States following the imposition of a 25 per cent retaliatory US tariff on Malaysian exports. Prime Minister Datuk Seri Anwar Ibrahim said that during the negotiations, Malaysia will present its arguments to the United States before the tariff rate is finalised in August. “We have sent teams to negotiate and explained the position that ours is a trading nation, and therefore, (the tariff) would impact the economy of this country and that of the region negatively. Of course, we must maintain our relationship with the US, but we

Anwar: Malaysia to continue negotiations with US before tariff rate finalised in August #EconomyBusiness #Featured

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8 months ago

Bank Negara Malaysia cuts key interest rate to 2.75 pct amid external uncertainties KUALA LUMPUR (July 9): Bank Negara Malaysia has cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent to support economic growth amid global uncertainty. The ceiling and floor rates of the OPR corridor were adjusted accordingly to 3.00 per cent and 2.50 per cent respectively. The central bank said the move is a pre-emptive step to preserve the country’s steady growth path as inflation remains moderate. “While the domestic economy is on a strong footing, uncertainties surrounding external developments could affect Malaysia’s growth prospects,” Bank Negara said in a statement. Malaysia’s economy is expected to

Bank Negara Malaysia cuts key interest rate to 2.75 pct amid external uncertainties #EconomyBusiness #Featured

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8 months ago

Brazil’s Lula links BRICS to Bandung 1955 non-aligned principles Rio de Janeiro (ANTARA) – Brazilian President Luiz Inacio Lula da Silva emphasized that the BRICS economic bloc serves as a concrete manifestation of the non-aligned vision echoed by countries at the Asian-African Conference in Bandung, Indonesia, in 1955. “BRICS is a manifestation of the Bandung non-aligned movement. BRICS carries the spirit of Bandung,” Lula said in a plenary session of the 2025 BRICS Summit in Rio de Janeiro, Brazil, on Sunday, attended by Indonesian President Prabowo Subianto and other top BRICS officials. Addressing the current geopolitical trend, he alluded to the apparent waning of multilateralism among countries around the

Brazil’s Lula links BRICS to Bandung 1955 non-aligned principles #EconomyBusiness #Featured

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8 months ago

Floating solar power plants to energize Central Java Semarang (ANTARA) – Central Java is set to have floating solar power plants (PLTS) at two locations: Kedungombgo in Sragen District and Gajahmungkur in Wonogiri District. Director of Business Development and Commerce of PT PLN Indonesia Power, Julita Indah, stated in Semarang on Saturday that construction of the PLTS is included in the National Strategic Project (PSN). Construction of the PLTS is targeted to begin in 2025, with a construction period of approximately 14 months, and each power plant is projected to generate 100 megawatts. “The construction of the PLTS will not take long. We hope to start ‘commercial operations’

Floating solar power plants to energize Central Java #EconomyBusiness #Featured

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9 months ago

World Bank Group, IAEA Formalize Partnership to Collaborate on Nuclear Energy for Development PARIS —The World Bank Group and the International Atomic Energy Agency (IAEA) sealed an agreement today to work together to support the safe, secure and responsible use of nuclear energy in developing countries. The partnership agreement, signed by World Bank Group President Ajay Banga and IAEA Director General Rafael Mariano Grossi, formalizes multiple engagements between the two institutions over the last year and marks the World Bank Group’s first concrete step to reengage with nuclear power in decades. The agreement also reflects a new, broader approach by the World Bank Group to electrification—one that prioritizes accessibility, affordability, and reliability, while

World Bank Group, IAEA Formalize Partnership to Collaborate on Nuclear Energy for Development #EconomyBusiness #Featured

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9 months ago

CME New Policy Paper: Rethinking Monetary Policy Beyond Price Stability Monday 30 June 2025 — The Center for Market Education (CME) is pleased to announce the publication of its Policy Paper Nr 7, Beyond Price Stability: The Role of Monetary Policy for Sustainable Growth and Social Welfare, authored by Dr Carmelo Ferlito, CME Chief Executive Officer and a Faculty Member at Universitas Prasetiya Mulya (available for free download here: https://marketedu.me/wp-content/uploads/2025/06/202506-Policy-Paper-No-7-Beyond-Price-Stability.pdf). This work calls for a fundamental rethinking of how central banks and policymakers conceptualize interest rates and their impact on macroeconomic stability, growth, and social welfare. Dr. Ferlito challenges the conventional wisdom that monetary policy should target short-term inflation metrics alone. He argues that this

CME New Policy Paper: Rethinking Monetary Policy Beyond Price Stability #EconomyBusiness #Featured

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9 months ago

Brankas and Gimasys Launch Open Banking Solution to Modernize Vietnam’s Financial Sector HANOI, Vietnam,  /PRNewswire/ — In the context of Vietnam’s digital economy making a strong breakthrough, Brankas officially announced a strategic partnership with Gimasys – the leading Vietnamese provider of digital transformation solutions. This strategic combination will bring a comprehensive, safe and breakthrough Open Banking solution to the banking and finance industry (BFSI) in Vietnam. Right time, right solution The partnership comes as financial institutions face a dual challenge: they must comply with new regulations such as Circular 64/2024/TT-NHNN on Open API, while also accelerating the digital transformation process to maintain their competitive advantage. The strategic alliance between Gimasys and Brankas is the

Brankas and Gimasys Launch Open Banking Solution to Modernize Vietnam’s Financial Sector #EconomyBusiness #Featured

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9 months ago

Fintech Startup Lana Secures Funding to Help APAC Corporates Slash Energy Use and Carbon Emissions SINGAPORE, June 26, 2025 /PRNewswire/ — Lana, a pioneering finance platform for corporate decarbonization, today announced the successful closure of its first funding round from Liminal, a venture creation group founded by Temasek and Twynam Investments. The platform addresses the urgent challenge facing APAC CFOs: rising energy costs and looming carbon taxes that threaten corporate margins as the region transitions to new energy models. Founded by Vincent Choi, a fintech veteran who previously scaled a payment infrastructure fintech that worked with financial institutions in APAC, Lana is building Asia-Pacific’s first integrated platform combining blended finance with advanced risk modelling. The goal is to

Fintech Startup Lana Secures Funding to Help APAC Corporates Slash Energy Use and Carbon Emissions #EconomyBusiness #Featured

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9 months ago

Malaysia Secures RM4.6 Billion in Potential Investments at Semicon SEA 2025 KUALA LUMPUR – Malaysia has successfully secured potential investments totalling RM4.6 billion through its participation in Semicon Southeast Asia (SEA) 2025, further reinforcing its position as a key destination for global electronics and semiconductor players. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz described the event — known as the “World Cup” of the microelectronics and semiconductor industry — as a strategic platform that drew strong interest from global investors, particularly in the electrical and electronics (E&E) engineering sector. “In addition to holding high-level meetings with major data centre investors and E&E companies, the Malaysia Pavilion captured international

Malaysia Secures RM4.6 Billion in Potential Investments at Semicon SEA 2025 #EconomyBusiness #Featured

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9 months ago

Fintech Pioneer Amartha Empower Women Entrepreneurs in Rural Indonesia JAKARTA, Indonesia, /PRNewswire/ — Indonesian fintech pioneer Amartha, a digital financial technology provider which serves Indonesia’s rural grassroots entrepreneurs, has secured USD $55 million in funding from three European development finance institutions: Swedfund (Sweden), Finnfund (Finland), and BIO (Belgian Investment Company for Developing Countries). Andi Taufan Garuda Putra, Founder & CEO of Amartha, stated, “This collaboration with three European state-owned development finance institutions highlights foreign investors’ recognition of both the tremendous potential of the grassroots segment and Amartha’s strong capability and governance in serving it. Amartha is committed to channeling this funding to reach millions of grassroots women entrepreneurs across Indonesia.” Of

Fintech Pioneer Amartha Empower Women Entrepreneurs in Rural Indonesia #EconomyBusiness #Featured

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9 months ago

TOKYO, (NNN-NHK) – Japan recorded a trade deficit of 637.6 billion yen (about 4.4 billion U.S. dollars) in May, marking the second consecutive month in the red, according to data released today by the Ministry of Finance. The deficit was largely driven by a decline in auto exports to the United States, the data showed. Last month, Japan’s total exports fell 1.7 percent year-on-year to 8.135 trillion yen. Exports to the U.S. dropped by 11.1 percent, also the second consecutive month of decline. Notably, automobile exports to the U.S. plummeted 24.7 percent, reflecting the impact of U.S. tariffs on vehicles, TOKYO, (NNN-NHK) – Japan recorded a trade deficit of 637.6 billion yen (about 4.4 billion U.S. dollars) in May, marking the second consecutive month in the red, according to data released today by the Ministry of Finance. The deficit was largely driven by a decline in auto exports to the United States, the data showed. Last month, Japan’s total exports fell 1.7 percent year-on-year to 8.135 trillion yen. Exports to the U.S. dropped by 11.1 percent, also the second consecutive month of decline. Notably, automobile exports to the U.S. plummeted 24.7 percent, reflecting the impact of U.S. tariffs on vehicles,

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9 months ago

Indonesia posted 1.2 billion USD budget deficit as of May JAKARTA, Jun 18 (NNN-ANTARA) – Indonesian Minister of Finance, Sri Mulyani Indrawati, announced yesterday that, the country’s state revenue and expenditure budget (APBN), as of May this year, had experienced a deficit of 21 trillion rupiahs (1.2 billion U.S. dollars). This figure is equivalent to 0.09 percent of the Gross Domestic Product. “This state budget deficit means that, the state’s income is smaller than its expenditure. The realisation of state revenue until May, this year, reached 995.3 trillion rupiahs, or 33.1 percent of our target, while realised state expenditure amounted to 1,016.3 trillion rupiahs, or 28.1 percent of the target,”

Indonesia posted 1.2 billion USD budget deficit as of May #EconomyBusiness #Featured

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9 months ago

Malaysia Jumps to 23rd in Global Competitiveness Rankings, Driven by Government and Business Reforms KUALA LUMPUR  – The Small and Medium Enterprises Association of Malaysia (SAMENTA) has welcomed Malaysia’s significant leap in the IMD World Competitiveness Ranking 2025, where the country climbed 11 places from 34th to 23rd position – the highest improvement among all participating economies this year. SAMENTA National President Datuk William Ng praised the achievement as a reflection of both robust government policy reforms and improved business practices, which have strengthened Malaysia’s economic fundamentals and global competitiveness. “This is a clear sign that Malaysia is on the right path,” said Ng. “The improvements in government and business efficiency – each up

Malaysia Jumps to 23rd in Global Competitiveness Rankings, Driven by Government and Business Reforms #EconomyBusiness #Featured

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9 months ago

International Pharmaceuticals, Inc. Partners with Anchanto to Power E-commerce Operations in the Philippines CEBU CITY, Philippines,  /PRNewswire/ — Anchanto, the leading global B2B SaaS technology company in e-commerce and supply chain, announced its latest partnership with International Pharmaceuticals, Inc. (IPI), one of Philippines’ leading manufacturer and distributor of pharmaceutical and consumer products. In an official signing ceremony held at IPI’s Head Office in Cebu, the company formalized its adoption of Anchanto Order Management System (OMS) to manage and scale its growing e-commerce operations across major e-commerce marketplaces like Lazada, Shopee, TikTok, along with their upcoming online store. With a wide portfolio of essential health and wellness products, IPI has long been a household name in the Philippines. As

International Pharmaceuticals, Inc. Partners with Anchanto to Power E-commerce Operations in the Philippines #EconomyBusiness #Featured

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9 months ago

FDI Flows to Developing Economies Drop to Lowest Level Since 2005 WASHINGTON—Flows of foreign direct investment (FDI) into developing economies—a key propellant of economic growth and higher living standards—have dwindled to the lowest level since 2005 amid rising trade and investment barriers, new research from the World Bank shows. These barriers pose a significant threat to global efforts to mobilize financing for development. In 2023, the latest year for which data are available, developing economies received just $435 billion in FDI—the lowest level since 2005. That coincides with a global trend in which FDI flows into advanced economies have also slowed to a trickle: high-income economies received just $336 billion in

FDI Flows to Developing Economies Drop to Lowest Level Since 2005 #EconomyBusiness #Featured

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9 months ago

“Innovative Bangkok • Global Business Districts Exchange” Successfully Held BANGKOK, /PRNewswire/ — To deepen cooperation between the two countries in business district development and innovation, the “Innovative Bangkok • Global Business Districts Exchange,” co-hosted by Beijing Central Business District (Beijing CBD) and Bangkok Pathumwan District, successfully concluded in Bangkok in the morning of June 14. Members of the Global Business Districts Innovation Club engaged in friendly exchanges with relevant government departments of Bangkok. At the exchange event, speeches were delivered by representatives from the Bangkok Metropolitan Administration, Thailand, Michael Edwards—Vice Chairman of GBD Innovation Club and President & CEO of the Chicago Loop Alliance, Ittipol Ingprasarn—Director of Pathumwan District Office,

“Innovative Bangkok • Global Business Districts Exchange” Successfully Held #EconomyBusiness #Featured

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9 months ago

OA Group and CKP Form Strategic Alliance to Empower SMEs Across Southeast Asia SINGAPORE, /PRNewswire/ — OA Group of Companies (Singapore) and Chia, Ka & Partners PLT (Malaysia) have entered into a strategic alliance to accelerate SME growth across Southeast Asia through digital transformation, technology adoption, and trusted regional advisory. The alliance brings together two award-winning professional firms recognized for championing innovation and client-centricity in the accounting and advisory sectors. With a shared vision for enabling SME growth beyond national borders, the OA-CKP partnership helps business owners shift their revenue focus to high-growth markets while enhancing operational efficiency by tapping into regional strengths and capabilities. “In today’s dynamic and fast evolving economy, many SMEs are eager to

OA Group and CKP Form Strategic Alliance to Empower SMEs Across Southeast Asia #EconomyBusiness #Featured

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9 months ago

NX Malaysia Opens New Batu Kawan Logistics Center near Penang’s Batu Kawan Industrial Park TOKYO, /PRNewswire/ — Nippon Express (Malaysia) Sdn, Bhd. (hereafter “NX Malaysia”), a group company of NIPPON EXPRESS HOLDINGS, INC., held a completion ceremony on May 27 to mark the opening of a new warehouse, the Batu Kawan Logistics Center, near Batu Kawan Industrial Park located on Peninsular Malaysia in Penang State. he state of Penang has the second largest economy in Malaysia after Greater Kuala Lumpur and, as a major semiconductor hub, has become known as the “Silicon Valley of the East.” The Penang state government is also actively seeking to attract medical equipment manufacturers, while strong domestic consumption and

NX Malaysia Opens New Batu Kawan Logistics Center near Penang’s Batu Kawan Industrial Park #EconomyBusiness #Featured

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9 months ago

ZEEKR appoints Carro as latest authorised dealer in Malaysia, reflecting strong commitment to enhance customer accessibility in the premium EV sector Kuala Lumpur – Zeekr, the world’s leading premium new energy vehicle group, has appointed Carro as its latest authorised dealer in Malaysia. Both companies signed a Memorandum of Understanding at Carro’s flagship store in Puchong, Malaysia on 16 June 2025. Zeekr is committed to driving the future of transportation with cutting-edge technology, and this latest appointment reflects its strong commitment in ensuring customers are able to easily access and own an Electric Vehicle (EV). “The positive response we have received from the Malaysian market over the past few months reflects the growing appreciation for Zeekr’s premium electric vehicles,” says Alex Bao,

ZEEKR appoints Carro as latest authorised dealer in Malaysia, reflecting strong commitment to enhance customer accessibility in the premium EV sector #EconomyBusiness #Featured

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9 months ago

Green Fertilizer Made with Air and Plasma: NitroCapt (Sweden) wins $2M Food Planet Prize 2025 for developing low-emission fertilizers STOCKHOLM,  /PRNewswire/ — The Curt Bergfors Foundation is honored to announce that NitroCapt was awarded the Food Planet Prize, the world’s biggest environmental award, on June 13 in Stockholm, Sweden. This recognition highlights their exceptional contributions and potential to disrupt the global nitrogen fertilizer industry. Nitrogen fertilizers are used for 50% of the world’s food production and emit as much carbon dioxide as the aviation industry. Sweden-based NitroCapt has developed a novel, energy-efficient process that makes fertilizer through plasma-produced nitrate. NitroCapt’s technology could improve access to green fertilizer across the world. In awarding the Prize to NitroCapt, the Food Planet Prize jury Co-Chair Johan Rockström

Green Fertilizer Made with Air and Plasma: NitroCapt (Sweden) wins $2M Food Planet Prize 2025 for developing low-emission fertilizers #EconomyBusiness #General

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9 months ago

Cambodia’s Financial Institutions Lead the Way in Responsible and Inclusive Finance PHNOM PENH, Cambodia, June 16, 2025 /PRNewswire/ — Cambodia’s financial sector is undergoing a quiet yet powerful transformation—one that centers on sustainability, responsibility, and community empowerment. From commercial banks to microfinance institutions (MFIs), Cambodian financial service providers are increasingly embracing ethical lending practices, environmental, social, and governance (ESG)-aligned financing, and inclusive economic development that benefits both people and the planet. The momentum began in 2019 when the Association of Banks in Cambodia (ABC), with support from the National Bank of Cambodia (NBC) and the Ministry of Environment, introduced the Cambodian Sustainable Finance Principles (CSFP). These voluntary guidelines help financial institutions incorporate environmental, social, and governance considerations into their lending

Cambodia’s Financial Institutions Lead the Way in Responsible and Inclusive Finance #EconomyBusiness #Featured

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9 months ago

Otis to Power Mobility in The Westin Residences, Tallest Residential Tower in Penang, Malaysia KUALA LUMPUR, Malaysia, /PRNewswire/ — Otis (NYSE: OTIS), the world’s leading elevator and escalator manufacturing, installation and service company, will install cutting edge technologies and smart, connected solutions that power vertical mobility for the Westin Residence and Hotel by Macrovest Sdn. Bhd. (VST Group), a leading developer in Malaysia. Otis will provide 19 high speed SkyRise® (travelling at up to 6 meters per second), four Gen3™ and ten Otis Arise™ elevator systems, as well as a car elevator. “With Malaysia experiencing significant urbanization and related infrastructure development, the demand for efficient and reliable vertical transportation solutions is on the rise,” said Pradeep Nair, Managing Director,

Otis to Power Mobility in The Westin Residences, Tallest Residential Tower in Penang, Malaysia #EconomyBusiness #Featured