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Malaysia ranks 106th on 2024 Nature Conservation Index

Malaysia ranks 106th on 2024 Nature Conservation Index

Malaysia ranks 106th out of 180 countries in the 2024 Nature Conservation Index, which evaluates global conservation efforts. With a score of 54.32 out of 100, Malaysia is identified as one of 17 megadiverse countries, boasting approximately 1.75 million species in its forests.

The country’s scores include 55 for land management, 57 for threats to biodiversity, 66 for capacity and governance, and 40 for climate change mitigation. In Southeast Asia, Malaysia holds the third position, behind Thailand (80) and Brunei (103), but ahead of Indonesia (122), Vietnam (142), the Philippines (148), Cambodia (159), Singapore (166), and Myanmar (167).

The report highlights significant threats to Malaysia’s biodiversity, such as land development, pollution, poaching, illegal collection, climate change, and invasive species. It notes that invasive species have particularly impacted the agricultural sector, driven by economic growth and increasing demand for food and commodities.

Read the original information here: https://www.thestar.com.my/news/nation/2024/10/16/malaysia-ranks-106th-on-2024-nature-conservation-index 

 

Samoa preparing for Commonwealth Heads of Government meeting

Samoa preparing for Commonwealth Heads of Government meeting

Next week, Samoa will host the Commonwealth Heads of Government Meeting (CHOGM 2024) with 56 countries in attendance. Preparations for this significant event have been underway for four years, involving local businesses stockpiling supplies and villages decorating each participating nation’s colours.

The meeting follows Samoa’s White Sunday holiday, known as Lotu Tamaiti, which celebrates family with singing, dancing, and feasting. On Manono Island, children performed at the Methodist church for this important occasion, which is the second-largest public holiday in Samoa after Christmas.

The town centre of Apia was bustling with shoppers preparing for the holiday, with many seeking new outfits for their children. Local businesses, like Tanoa clothing store, have been busy stocking up and reported a customer surge in the lead-up to Lotu Tamaiti and CHOGM. As the event approaches, each village in Samoa is adopting a Commonwealth country, decorating their streets to welcome the world leaders arriving next week.

Visit here for more: https://www.rnz.co.nz/news/world/530760/samoa-preparing-for-commonwealth-heads-of-government-meeting

Jio-BlackRock mutual fund venture approved by SEBI JioFinance app leads digital financial revolution

Jio-BlackRock mutual fund venture approved by SEBI JioFinance app leads digital financial revolution

The Securities and Exchange Board of India (SEBI) has given the green light to the joint venture between Jio Financial Services and BlackRock. This strategic alliance brings together Jio’s vast customer base of 450 million users and BlackRock’s expertise in managing assets worth over $10 trillion, to make investing more accessible to Indian customers. The partnership will offer a range of investment products tailored to different financial needs, simplifying the investment process.

Mukesh Ambani’s Jio Financial Services holds a 50% stake in the venture, while BlackRock owns the remaining 50%. The partnership was announced in July 2023, with both companies committing to invest $150 million each, totalling $300 million, to transform India’s mutual fund sector.

The Indian mutual fund industry has witnessed remarkable growth, with assets under management reaching INR53.40 lakh crore in March 2024, a staggering 35.46% increase compared to the previous year. With only 44 mutual fund companies currently operating in India, this venture aims to capture a significant market share through innovative, technology-driven solutions and focus on digital-first services, enhancing customer reach and accessibility.

Read the original article here: https://tradebrains.in/jio-blackrock-mutual-fund-venture-approved-by-sebi-jiofinance-app-leads-digital-financial-revolution/

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Singapore as a leading Commonwealth Crypto Finance Hub

Singapore as a leading Commonwealth Crypto Finance Hub

Please join the Commonwealth Chamber of Commerce for a webinar on Singapore’s rise as a leading Commonwealth Crypto Finance Hub. The webinar will take place online via Zoom on 21.07 at 5 pm Hong Kong Time/Singapore Standard Time.

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