05/05/2026

BIZ & FINANCE TUESDAY | MAY 5, 2026

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T op Glove in S&P Dow Jones sustainability index for 7th year

PETALING JAYA: As Malaysians continue to navigate rising living costs, MR DIY is reinforcing its commitment to affordability through its nationwide Harga Tetap Sama initiative. The initiative keeps prices un changed across a wide array of everyday products, providing customers with greater certainty as they manage their daily expenses. At a time when global inflation and rising fuel costs are putting pressure on household budgets, MR DIY remains focused on delivering consistent value where it matters most. By maintaining stable prices across essential categories, including everyday essentials like garbage bags, batteries, food and beverages, and stationery, the retailer continues to support Malaysians in practical, meaningful ways. CEO Adrian Ong said, “We recognise that even small price increases can add up over time. By keeping our prices steady, we hope to ease some of the pressure on households. “Affordability is not a luxury; it is a daily necessity. We want our customers to know they can continue to rely on us for value, every day and that ‘Always Low Prices’ remains a constant in their daily lives.” Prices remain steady with Harga Tetap Sama initiative Pepper industry’s 2025 revenue contribution rises to RM2.27 billion KUCHING: The country’s pepper industry recorded positive growth with revenue contribution rising to about RM2.27 billion last year from RM2.24 billion in 2024, said Minister of Plantation and Commodities Datuk Seri Dr Noraini Ahmad. She said that by the end of 2025, Malaysia’s total pepper cultivation area was estimated at around 8,200 hectares, with the majority of production concentrated in Sarawak. “This industry is also supported by about 39,000 farmers, thus playing an important role in the rural community’s economic generation,” the minister said in a statement issued in conjunction with a working visit to the Malaysian Pepper Board here yesterday. Noraini said Malaysia recorded pepper commodity exports worth about RM179.78 million last year. According to her, the innovation based approach and value chain must be strengthened by industry players, including the development of downstream products and more strategic branding to enhance the industry’s resilience. “In facing challenges such as climate change, price volatility, and demand for high quality, technology is no longer an option but a necessity to ensure the pepper industry remains sustainable and competitive.,”she said. – Bernama

industry. “We remain focused on contri buting positively and creating long term value for our stakeholders, while meeting global glove demand responsibly,” Lim said. The S&P Dow Jones Best in Class Indices evaluate companies globally based on their performance across industry specific sustainability criteria, assessing economic, environmental and social dimensions.

our operations,” remarked executive chairman Tan Sri Dr Lim Wee Chai. He added that their performance reflects disciplined governance, strong transparency and a deep commitment to human capital development, which remains a critical factor for their business and the

o Company significantly outperformed industry average and emerged as top-scoring glove manufacturer among peers in Malaysia and Thailand

KUALA LUMPUR: Petronas Gas Bhd (PGB) received a notification letter from the Ministry of Economy on April 30 to develop the Third Regasification Terminal in Lumut, Perak (RGT-3) based on the floating storage and regasification unit (FSRU) concept. In a filing with Bursa Malaysia yesterday, PGB said it is exploring joint development of the project with a potential partner. The company said it had under taken technical and commercial assessments on the development of new gas infrastructure required based on Peninsular Malaysia’s gas supply and demand forecast. KUALA LUMPUR: The industrial products and services recorded net foreign inflows of RM128.3 million, followed by technology (RM114.2 million), and plantation (RM53.3 million) last week, according to MBSB Investment Bank Bhd (MBSB IB). In its fund flow report for the week ended May 1, the investment bank said local institutions extended their net buying to three weeks, recording modest net inflows of RM2.2 million. Retailers ended two consecutive weeks of net selling, recording net inflows of RM82.8 million. Foreign institutions extended their third consecutive week of net PETALING JAYA: Top Glove Corporation Bhd has been included in the S&P Dow Jones Best in Class Index 2026, marking the seventh consecutive year of being listed on the globally recognised sustain ability benchmark, which was previously known as the Dow Jones Sustainability Index. Top Glove remains the only Malaysian company within the Health Care Equipment and Supplies sector in the S&P Dow Jones Best in Class under the Emerging Markets Index. This achievement was under pinned by Top Glove’s strong performance in the 2025 S&P Global Corporate Sustainability Assessment. The company significantly outperformed the industry average and emerged as the top scoring glove manufacturer among peers in Malaysia and Thailand. In a statement yesterday, Top Glove said its strongest performing dimension was in Strong Governance and Risk Management,

supported by high standards of business ethics, product quality and sustainability reporting. Human Capital Management, the most heavily weighted criterion for the industry, was also a key contributor to the company’s inclusion, demonstrating its continued focus on employee development, workplace safety and workforce wellbeing. Top Glove said its sustainability performance was enhanced by a high level of disclosure, with over 90% data transparency, com mendable environmental manage ment, as well as the absence of any recent ESG related controversies. “Top Glove’s seventh con secutive inclusion in the S&P Dow Jones Best in Class Index is a strong affirmation of

Lim says continued inclusion in the index is a strong affirmation

of Top Glove’s unwavering commitment to embed sustainability across every aspect of its operations.

our unwavering commitment to embed sustain ability across every aspect of

Petronas Gas to develop RGT-3 in Lumut, eyes partnership “Based on the assessments, the company had submitted a proposal to the Energy Commission for the development of the RGT-3 in Lumut, with a target commercial operation date in the second quarter of 2029,” it noted. PGB noted that the RGT-3 to the Peninsular Gas Utilisation system. This project will represent the first deployment of an FSRU in Malaysia,” PGB said. The company said the plant capacity in Peninsular Malaysia. This project will be regulated by the Energy Commission, with tariffs to be determined based on the Incentive Based Regulation mechanism,” it explained.

The company said the RGT-3 is aligned with PGB’s growth strategy as a gas and utilities infrastructure company, supporting the con tinued development and reliability of gas infrastructure in Peninsular Malaysia. “The project will enhance the capacity and flexibility of the gas supply network to meet the nation’s evolving demand requirements,” it added. – Bernama (US$111.8 million). On the local front, foreign institutions reverted to net buying after the previous month of outflows, recording RM449.0 million in net inflows. The only three sectors that recorded net foreign inflows in April were financial services (RM683.6 million), plantation (RM518.9 million), and industrial products and services (RM450.9 million). Meanwhile, the top three sectors that recorded the biggest net foreign outflows were transport and logistics (-RM354.4 million), consumer products and services (-RM331.5 million), and telecommunication and media (-RM206.5 million). – Bernama

RGT-3 is designed with an LNG storage capacity of 170,000 cubic metres and a regasification send-out capacity of 500 million standard cubic feet per day (mmscfd). “It is expected

would be developed based on the FSRU concept, whereby the liquefied natural gas (LNG) storage and regasification

processes would be carried out on the FSRU. “The regasified LNG will then be transported

that RGT-3 will be able to support

additional gas requirements for approximately 3.5 gigawatt power

via a connecting pipeline from the RGT-3 onshore and berthing facilities

Local institutions net buyers for third week, inflow shrinks to RM2.2m

The average daily trading volume (ADTV) saw a broad-based incline. Retailers saw a one per cent decline, local institutions rose by 13.9%, and foreign institutions saw a 6.8% increase. Reviewing April, which has just ended, foreign investors ended a five month streak of net selling and returned as net buyers. Across the eight Asian markets tracked, this resulted in net foreign inflows of US$851.5 million for the month. Only three of the eight markets recorded net foreign inflows, led by Taiwan (US$8.42 billion), South Korea (US$593.4 million), and Malaysia

selling, recording an outflow of - RM85.1m. “Foreign institutions were net sellers on three out of four trading days during the week. The largest outflow was recorded on Thursday (- RM120.9 million), followed by Monday (-RM41.9 million) and Tuesday (-RM32.7 million). “The only inflow was recorded on Wednesday (RM110.4 million), while the market was closed on Friday in conjunction with Labour Day,” it said. The top three sectors that recorded net foreign outflows were utilities (-RM116.9 million), property (-RM103.1 million), and healthcare (- RM74.9 million).