Author: Jordy Leo

04 Aug India Orders Airlines to Improve Engineering Capabilities after Safety Snags

Posted at 10:42 by Jordy Leo

India has asked airlines to enhance their engineering-related capabilities at all bases and transit stations, following a range of safety-related snags in recent weeks that triggered aviation regulators’ closer scrutiny of the industry, as reported by Economic Times on August 1. V. K. Singh, head...

03 Aug China Rolls out Centralized Anti-Monopoly Undertaking System

Posted at 15:49 by Jordy Leo

China’s antitrust watchdog State Administration for Market Regulation (SAMR) on August 1 launched the Centralized Anti-Monopoly Undertaking System, an online platform for enterprises to disclose merger and acquisition deals to the regulator and check their approval status, as reported by South China Morning Post on...

02 Aug South Korea Suspends Revision of Antitrust Law over Trade Conflict Concerns

Posted at 17:15 by Jordy Leo

South Korea’s antitrust watchdog Fair Trade Commission (FTC) has delayed the announcement of a law amendment that aims to apply the same disclosure and antitrust rules to both Korean and foreign entrepreneurs, as the Ministry of Trade, Industry, and Energy (MOTIE) worries that the move...

02 Aug Itochu and Shell to Decarbonize Brazil Mines with Green Technologies

Posted at 17:09 by Jordy Leo

Japanese trading house Itochu [8001:JP] and British oil and gas giant Shell [SHEL:US] have signed a memorandum of understanding (MoU) with Brazilian steel giant CSN [CSNA3:BZ] to study the introduction of decarbonization technologies at Brazil’s Casa de Pedra Mine, which is jointly developed by Itochu...

02 Aug Singapore Sets New Disclosure Rules on ESG Funds to Combat Greenwashing

Posted at 17:04 by Jordy Leo

The Monetary Authority of Singapore (MAS) has issued new disclosure and reporting guidelines for fund managers to follow when they sell funds with environmental, social, and governance (ESG) labels to private investors in Singapore, as reported by Strait Times on July 28. With the new...

28 Jul Shenzhen Stock Exchange Launches ESG Rating Methodology and ESG Index

Posted at 14:03 by Jordy Leo

Shenzhen Securities Information, affiliated with the Shenzhen Stock Exchange (SZSE), launched the CNI ESG Ratings Methodology along with a set of ESG indices, as reported by People.cn on July 26. Among the three pillars of environment, society, and corporate governance (ESG), the rating methodology sets...

28 Jul SK Geo Centric and Veolia Collaborate on Plastic Recycling Business in Asia

Posted at 13:58 by Jordy Leo

SK Geo Centric, a petrochemical arm of SK Innovation [096770:KS], has teamed up with Paris-based Veolia Environment S.A. [VIE:FP] to develop a circular economy business in Asia, as reported by the Korea Economic Daily on July 26. Under a memorandum of understanding (MoU), the two...

27 Jul Lotte Chem, Itochu Join Forces in Hydrogen, Ammonia Businesses

Posted at 14:10 by Jordy Leo

South Korea’s major chemical firm Lotte Chemical [011170:KS] and Japanese trading house Itochu [8001:JP] will team up in businesses including ammonia trading, ammonia infrastructure utilization, and hydrogen-ammonia market development, as reported by the Korea Economic Daily on July 22. Lotte Chemical will combine its ammonia...

27 Jul China’s Central Bank Vows Privacy and Information Protection in Digital Yuan Use

Posted at 13:59 by Jordy Leo

China’s central bank People’s Bank of China (PBoC) will fully respect privacy and protect personal information in the use of China’s sovereign digital currency known as digital yuan, or e-CNY, as reported by Bloomberg on July 24. According to Mu Changchun, head of the Digital...

27 Jul China to Promote Unified Type-C Interface to Reduce E-Waste

Posted at 11:58 by Jordy Leo

China’s Ministry of Industry and Information Technology (MIIT) is pushing for the standardization of fast-charging technology, aiming to make Type-C interface the common charging port for mobiles and all electronic devices, as reported by Sina on July 22. According to Wang Peng, an official from...

27 Jul China Enhances Data Supervision for Ride-Hailing Platforms

Posted at 11:52 by Jordy Leo

China’s Ministry of Transport (MoT) issued a document on July 22 requiring the transportation authorities of all cities to collect license information of online ride-hailing platforms, their vehicles, and their drivers and upload these data to the united industry platform for real-time sharing, as reported...

21 Jul China’s Central Bank Fines Didi’s Digital Payments Unit

Posted at 14:23 by Jordy Leo

China’s Central Bank, the People’s Bank of China (PBoC), has imposed a RMB4.27m (USD632,170) fine on the digital payment arm of ride-hailing platform Didi Chuxing for a series of violations, as reported by Reuters on July 15. The company was involved in 12 illegal activities...

21 Jul Korean LPG Major E1 Launches Hydrogen Fueling Business

Posted at 14:17 by Jordy Leo

South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp [017940:KS] entered the hydrogen industry by establishing eco-friendly automobile fuel stations in the country, as reported by the Korea Economic Daily on July 19. The company has built up hydrogen fueling stations at three of...

21 Jul LG Uplus to Recycle 100% Industrial Waste by 2025

Posted at 14:01 by Jordy Leo

LG Uplus [032640:KS], the mobile phone arm of South Korea’s LG Group [003550:KS], has pledged to recycle 100% of the industrial waste from its factories by 2025, as reported by the Korea Economic Daily on July 18. The pledge is included in the mobile manufacturer’s...

21 Jul Singapore Exchange to Set up Climate Disclosure Portal for Investors

Posted at 13:59 by Jordy Leo

The Singapore Exchange Regulation (SGX RegCo) is establishing the ESGenome disclosure portal, which gives investors access to companies’ climate disclosures, to help harmonize sustainability reporting from listed companies, as reported by Strait Times on July 19. The portal can guide enterprises to enter the necessary...