Maybank Investment Bank expects transition finance to gain traction in Malaysia

22/6/2022 11:14:00 PM

Maybank Investment Bank expects transition finance to gain traction in Malaysia

Malaysia Economy, Transition Finance

Maybank Investment Bank expects transition finance to gain traction in Malaysia

KUALA LUMPUR, June 22 — Transition finance or labelled bonds and loans are expected to gain traction in the coming years amid a growing number of companies pledging to reach...

Wednesday, 22 Jun 2022 2:37 PM MYTKUALA LUMPUR, June 22 — Transition finance or labelled bonds and loans are expected to gain traction in the coming years amid a growing number of companies pledging to reach sustainable goals, Maybank Investment Bank said.

Maybank Investment Bank chief executive officer Datuk Fad’l Mohamed said transition finance is a relatively new addition to the suite of sustainable finance instruments to help companies deliver long-term strategies to achieve their net-zero carbon commitments.

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for the latest news you need to know.The statement said Ding, a financial services professional with close to 20 years of experience, started his banking career with StanChart in 2005.A KUALA LUMPUR (June 22): Maybank Investment Bank Bhd (Maybank IB) foresees unnecessary issues over the next nine months in the automotive sector with a rise in speculative bookings until end-June 2022 followed by cancellations until end-March 2023.Analysing Malaysia’s economy from three lenses - macro, meso, and micro - he said the World Bank is forecasting Malaysia's economy to grow 5.

Wednesday, 22 Jun 2022 2:37 PM MYT KUALA LUMPUR, June 22 — Transition finance or labelled bonds and loans are expected to gain traction in the coming years amid a growing number of companies pledging to reach sustainable goals, Maybank Investment Bank said. Maybank Investment Bank chief executive officer Datuk Fad’l Mohamed said transition finance is a relatively new addition to the suite of sustainable finance instruments to help companies deliver long-term strategies to achieve their net-zero carbon commitments. StanChart managing director and chief executive officer Abrar A. He said the potential investments that fell under transition bonds as opposed to green bonds are a lot larger as the former includes industries that are not readily agreed upon but are taking steps to decarbonise. But this will likely create unnecessary operational issues, Liaw wrote in his report. “So, in this instance, for example, ship company Seaspan Corporation has raised about US$750 million in transition bond this year and the proceed were channelled towards exploring energy efficiency of its vessels with alternative fuels,” he said at the Sustainable and Responsible Investment (SRI) Virtual Conference 2022 titled “Preserving the Climate through Sustainable Business and Living” today. Meanwhile, Ding said he is looking forward to leading and being part of an extraordinary international bank with a rich history of more than 160 years. However, he said the country still needs to have clear standards and principles to encourage greater product innovation in Malaysia. Apurva was speaking in “The Nation” programme on Bernama TV yesterday.

“Our issuers will need to gain more confidence to go to market, especially for product such as sustainability-linked bond,” he said. - Bernama Article type: free. "That would skew bookings because prospective buyers can cancel and/or transfer their orders and secure deposit refunds anytime, which poses a disservice to salesmen and dealers. He said standards that take into account the local context would be critical in helping sustainable finance be more inclusive and innovative. Fad’l said relevant guidelines are still being developed on the domestic front. “Currently, many jurisdictions are actively seeking to develop countries’ specific taxonomies on sustainable finance, which in turn has created a plethora of taxonomies,” he said. This would result in a weaker 2H22 for the sector and a strong first quarter for 2023, the report said. Therefore, he said taxonomy harmonisation is highly imperative to encourage further market penetration. "Second, if you look at the geopolitical landscape, there's a bit of trade divergence going on.

He said the world also starting to see efforts to map guides and screening criteria across regions such as in China and the European Union. “We applaud the efforts of regulators and parties involved in the development of the Asean Taxonomy launched last November and we look forward to contributing further towards this development,” he said. While the revenue loss from the waiver totals RM4. The World Bank (Malaysia) senior financial sector specialist Rozani Osman said a possible shortage of skilled workers also needs to be addressed to support the development of the sustainable agenda. Citing a study by the world’s largest professional networking website Linkedln, he said demand for green jobs currently matches the supply of the people with related skills but projection indicated that demand would outstrip supply within the next five years. “Most jobs that require this kind of skills are not the traditional green jibs but other regular jobs that needed knowledge or ability to incorporate green or SRI elements into the job,” he said. "Excise duties alone accounted for 67% of automotive tax in 2019," the report said. Firstly, Malaysia has a flexible exchange rate.

Therefore, he said understanding sustainable elements, regardless of the job scope, is crucial to achieve companies’ net zero goals. — Bernama Advertisement .