10 June 2019: HSBC in Malaysia once again takes the lead in sustainable investment by launching the FIRST-ever Environmental, Social and Governance (“ESG”) Islamic Structured Product in the Malaysian market which is in line with Bank Negara Malaysia’s Valuebased Intermediation (“VBI”) initiative The landmark MYR Principal Protected Participation Floating Rate Islamic Negotiable Instruments (“FRINI”) linked to Hang Seng Corporate Sustainability Index is an ESG-related Islamic Structured Product which is 100% principal protected if held to maturity.
As one the world’s major palm oil producers, Malaysia will continue to play a major role in ensuring that palm oil remains a sustainable and eco-friendly fuel replacement for the world markets, said Minister of International Trade and Industry, Datuk Darell Leiking.
“Palm oil is a viable option to reduce our dependency on fossil fuels, as it has tremendous potential as a renewable source of energy. As the largest exporter and second largest producer of the palm oil in the world, we sit in a position to ensure that this commodity evolves into an industry that brings such benefits to the global markets, in particular the energy and transportation ecosystem”, he said.
Malaysia’s labour productivity continues to grow positively in the first quarter of 2019 supported by growth in value added and employment. Value added per hour worked grew at 2.4%, while value added per person employed recorded a growth of 2.2%. For this quarter labour productivity is based on constant price 2015.