Singapore’s Advisory Committee on Platform Workers, announced by Prime Minister Lee Hsien Loong in August, is in the early works to improve gig workers welfare, as reported by the Straits Times on September 15. Its three focuses are financial protection for work injury, retirement and...
South Korea’s Fair Trade Commission (KFTC) has commenced investigations into internet group Kakao’s [035720:KS] ride-hailing unit Kakao Mobility and e-commerce giant Coupang [CPNG:US] for their alleged unfair business practices, as reported by the Korea Economic Daily on September 12. To be more specific, taxi driver...
ReNew Power, a subsidiary of ReNew Energy Global [RNW: US], stated that its 250-megawatts (MW) solar plant had entered service in Jaisalmer, Rajasthan, on September 9, as reported by Economics Times on the same day. This is a part of the Inter-State Transmission System (ISTS)...
Vietnamese multi-industry group T&T and a leading wind power developer, Orsted, have signed a Memorandum of Understanding (MOU) about a strategic collaboration on offshore wind development in Vietnam on September 9, according to Orsted’s own newsletter published on the same day. During this collaboration, two...
Chinese authorities on September 8 summoned major online gaming companies such as Tencent [0700:HK] and NetEase [NTES:US], along with game account rental and game broadcasting platforms, reiterating the gaming anti-addiction policy implementation to protect teenagers, as reported by Xinhuanet on the same day. The central...
Japanese Financial Services Agency’s (FSA) working group intended to introduce the mandatory climate-risk related disclosure, which may start with corporate securities reports for the fiscal year ended on March 31, 2022, according to Regulation Asia on September 6. The FSA also discussed the disclosure guidelines...
The operation and activities led by companies have an enormous impact on the environment, society, and legislation. In return, companies should take more responsibilities to protect the environment and step towards sustainable development goals. On June 17, environmental activists from South Korea, Australia, and other...
IFM Investors, one of Australia’s largest infrastructure investors, has pledged to phase out thermal coal from its infrastructure portfolio by 2030, as reported by Bloomberg on September 6. The infrastructure portfolio in question includes AUD75bn (USD56bn) of assets in toll roads, airports, and oil pipelines....
State Grid Corporation of China and China Southern Power Grid (CSG) launched the national-level green electricity trading trial for the first time on September 7, following approval from NDRC and National Energy Administration (NEA), as reported by Xinhuanet on the same day. According to the...
Korean Air [003490:KS] announced a partnership with South Korean petroleum and refinery company SK Energy [096770:KS] to use carbon-neutral jet fuel in its fleet on September 6, according to the airline’s press release on the same day. SK Energy will supply one-month carbon-neutral jet fuel...
Japan’s Minister of Economy, Trade, and Industry (METI) Hiroshi Kajiyama and Russia’s Energy Minister Nikolai Shulginov signed a joint statement that the two countries would collaborate on the production of hydrogen and ammonia during the Eastern Economic Forum, as reported by Reuters on September 2....
Singapore is bringing robots to help the police deter bad behavior and ensure public safety, according to The Strait Times on September 6. The patrol robots, named Xavier, began a three-week trial in the busy Toa Payoh Central neighborhood on September 5. The robots’ duty...
London Stock Exchange Group (LSEG) [LSEG:LN] announced on September 1 that it established a sustainable finance innovation unit in Singapore backed by the Monetary Authority of Singapore (MAS), according to the group’s website on the same day. The unit will provide expertise and solutions regarding...
As more and more investors start to integrate ESG considerations in their investment decisions, ESG integration is expected to become mainstream in the coming years. ESG analytics provide valuable and useful information to investors on how to choose opportunities in their investment universes and help...
National Australia Bank (NAB) launched ESG-related derivative products on September 1 to push its Australian clients towards sustainable targets, according to NAB’s website on the same day. These new derivative contracts are interest rate swaps, inflation swaps, and cross-currency swaps, which enable clients to manage...
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