Malaysia approves national ESG strategic plan

Malaysia’s National Sustainable Development Goal Council on December 18 approved the National Environmental, Social and Governance (ESG) Strategic Plan.

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At the National SDG Council's Meeting (Photo: Malaymail)

Malaysian Prime Minister Anwar Ibrahim wrote on his X page that the plan was formulated in the government’s efforts to bring Malaysian business entities in phases toward ESG compliance and reporting, and even to a level beyond compliance, thus creating a competitive advantage and sustainable development for the country.

He mentioned the need to ensure that small and medium-sized enterprises (SMEs) are not burdened with high costs in their efforts to comply with ESG guidelines, hence it is recommended that a dry run for ESG implementation also be carried out by public-listed companies, multinationals and government-linked companies.

Malaysia has made encouraging progress with a projected achievement of 43% of the SDG target by 2030, surpassing the global average projection of 17%./.

VNA

The Indonesian government has unveiled a series of economic stimulus packages totaling 827 trillion Rp (51.65 billion USD) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.

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The Indonesian Government has set a target of eliminating extreme poverty in the country within two years, according to Coordinating Minister for Community Empowerment Abdul Muhaimin Iskandar.

Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.

Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.

Thailand’s National Herbal Policy Committee has approved a plan to elevate the local herbal industry to the international level and develop the health economy and medical services.

Thailand’s agencies in the agriculture and livestock sectors have accelerated efforts to mitigate greenhouse gas emissions in the animal-feed supply chain in a bid to enable local farmers and livestock producers to cope with trade barriers.

The Indonesian Ministry of Health revealed on December 17 that other countries' efforts to increase cigarette excise can reduce consumption by 10-15%, with increasing the Retail Selling Price (HJE) of cigarettes and e-cigarettes deterring young smokers from purchasing them.

Thailand is expected to apply a minimum corporate tax rate of 15% on big international companies from 2025 in an effort to attract more foreign investment.

Thai Transport Minister Suriya Jungrungreangkit has announced a plan to accelerate work on the second phase of the country’s railway system upgrade, which will cover six double-track railway projects with an investment of 300 billion THB (8.8 billion USD) next year.

Thailand has welcomed 32.7 million foreign tourists as of December 8, the Thai Prime Minister’s Office announced on December 15.

Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs) Erick Thohir.

The average employee salary in Thailand is set to increase by 5% in 2025, equivalent to 2024, Thai media reported, citing a report of Mercer - a global leader in human resource consulting, outsourcing and investment services.

Indonesian Health Minister Budi Gunadi Sadikin on December 16 urged countries to strengthen collaboration and support vaccine development to achieve the goal of eradicating tuberculosis (TB) by 2030.

Malaysia and Thailand have reiterated their common stance on issues concerning the East Sea, urging all parties to respect the 1982 United Nations Convention on the Law of the Sea (UNCLOS), Malaysian Prime Minister Datuk Seri Anwar Ibrahim has announced.

The Philippine Senate on December 16 ratified a key defence pact with Japan, which allows them to deploy troops on each other's territory, and strengthen joint combat drills.

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