Felda settlers to gain from FGV majority stake acquisition
Speaking after the Felda Settlers' Appreciation Ceremony, Zahid highlighted that the Pahang and Sabah state governments have also become shareholders following FGV's delisting from Bursa Malaysia's Main Market.
'The full acquisition process will be finalised by Bursa Malaysia, and the profits will be channelled to the settlers,' he told reporters.
FGV announced the stake acquisition in a Bursa Malaysia filing on Tuesday. Trading of FGV shares is expected to be suspended five market days after the offer closes, which falls on Aug 15. - Bernama
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Focus Malaysia
an hour ago
- Focus Malaysia
Malaysia's accounting graduates unprepared for ESG demands, experts warn
Letter to Editor AS the global economy pivots toward sustainability, Environmental, Social, and Governance (ESG) considerations are no longer a footnote in business strategy — they are front and centre. Across financial institutions, conglomerates, and regulators, ESG now drives decision-making and reporting. At the heart of this transformation is the accounting profession. Accountants are expected to go beyond financial reporting to tackle sustainability disclosures, carbon audits, and governance reviews. As this shift intensifies, the demand for ESG-literate graduates grows. The question is: are Malaysian universities doing enough to prepare them? While ESG themes are increasingly mentioned in classrooms, their actual presence in accounting curricula remains limited. Often, sustainability is offered as a single elective or addressed briefly within broader subjects. Most accounting students graduate with strong knowledge of the Malaysian Financial Reporting Standards (MFRS), but little to no exposure to the Global Reporting Initiative (GRI), International Sustainability Standards Board (ISSB) guidelines, or climate risk reporting frameworks. This gap is stark considering regulatory developments. Bursa Malaysia now mandates detailed sustainability disclosures from listed companies. Employers are demanding ESG-aware accountants — yet fresh graduates often find themselves scrambling to learn these skills on the job. Recent findings reinforce this concern. According to the ACCA Global Talent Trends 2025 report, 71% of Malaysian respondents expressed interest in sustainability-focused careers — one of the highest rates globally. However, 63% also reported concerns about not having the right skills for the evolving workplace, especially in areas like ESG reporting, digital tools, and analytics. This suggests a clear disconnect between students' ambitions and the training they receive. Recognising the evolving demands of the profession, Malaysia's Ministry of Higher Education has introduced Halatuju 4, a strategic blueprint for accounting education. Among its stated goals is the incorporation of sustainability, ethics, and digital competencies into accounting programmes — aligning academic outcomes with the future needs of the profession. This policy marks an important step in acknowledging ESG as a core competency area for accountants. However, as with any broad educational reform, implementation takes time and varies across institutions. Some universities have begun integrating ESG-related content more comprehensively, while others are still in the early stages of adoption. The success of Halatuju 4 will ultimately depend on how effectively it translates from framework to classroom — ensuring that all graduates, regardless of university, are equipped for the ESG-driven future of accounting. One of the most pressing challenges is the lack of structured collaboration between universities and industry stakeholders. ESG-focused internships, live projects, and case studies are still rare in most public and private universities. This disconnect is especially concerning in ESG-intensive sectors such as palm oil, energy, and manufacturing — pillars of Malaysia's economy. These industries offer real-world sustainability challenges, yet students often graduate without having engaged with these contexts. Broader surveys support this gap. In a recent Economist Impact–EY study, 69% of Malaysian employers and 90% of employees agreed that acquiring new skills is essential for career progression. Yet 57% of respondents reported that they do not clearly understand which specific skills are most in demand — a problem that has implications for both graduates and curriculum designers. Modern ESG reporting relies heavily on technology. Carbon accounting tools, climate risk dashboards, and ESG analytics platforms are integral to corporate reporting. Yet, most accounting programmes do not include training on ESG data tools or sustainability analytics. The Malaysian Institute of Accountants (MIA) has recognised this issue. Its revised Competency Framework identifies ESG, climate change awareness, and sustainability literacy as essential future skillsets for accounting professionals — urging universities to embed these elements into their programmes. The private sector is already responding. In late 2024, KPMG and ACCA jointly launched a pioneering ESG learning programme aimed at **upskilling** accountants in ESG strategy, governance, and reporting. This move reflects wider trends among employers seeking finance professionals who are not only compliance-oriented but also ESG-literate and digitally equipped. In many classrooms, ESG is still framed as a compliance issue — a checklist of disclosures rather than a strategic business lever. This mindset limits graduates' ability to contribute meaningfully to ESG integration within corporate strategy, risk assessment, and long-term value creation. To meet future employer expectations, ESG must be taught not just as regulation, but as strategy — a lens through which financial performance, stakeholder engagement, and long-term resilience are assessed. Ethics has always underpinned accounting education. But ESG has added new complexities — from greenwashing to ethical sourcing to stakeholder manipulation. Unfortunately, these dilemmas are rarely tackled in current ethics modules, leaving future accountants underprepared for modern challenges in sustainability reporting. While professional bodies like MIA have begun issuing updated guidance, full integration into undergraduate teaching remains inconsistent. ESG is not a passing trend — it is now a defining factor in corporate performance and stakeholder trust. For Malaysia to remain competitive in a sustainability-driven global economy, its accounting graduates must be ready. Universities must embed ESG as a core pillar of accounting education — not as an elective afterthought. Interdisciplinary learning should bring together environmental science, social impact, and governance practices with financial expertise. At the same time, stronger industry-academic linkages are crucial. Internships, ESG case simulations, and partnerships with real companies can bridge the classroom and the boardroom. Digital **upskilling** is equally vital. Proficiency in ESG reporting software, data dashboards, and integrated reporting platforms must be a baseline — not a bonus. The foundations for reform are beginning to take shape. But unless they are implemented more quickly and consistently, Malaysian universities risk falling behind — and so will the graduates they produce. As ESG reshapes the future of business, the role of the accountant must evolve in tandem. The question is no longer whether universities should adapt, but whether they can do it fast enough. The future of the profession — and Malaysia's sustainability leadership — may depend on the answer. —Aug 3, 2025 Dr Zarina Zakaria is an Associate Professor at the Department of Accounting, Faculty of Business and Economics. The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia. Main image: Unplash
New Straits Times
4 hours ago
- New Straits Times
13MP: Govt not neglecting rural areas in development agenda
LAHAD DATU: The empowerment of rural regions, including in Sabah, through the 13th Malaysia Plan (13MP) proves that the government is not sidelining these areas from the national development agenda, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi. Zahid, who is also rural and regional development minister, said that for Sabah, he observed several key areas of specific focus, including efforts to position the state as a Blue Economy hub to attract investment in new strategic industries. "We will also enhance flood mitigation measures for the safety and wellbeing of the people," he said when officiating the 'Sentuhan Kasih Desa Madani @ Lahad Datu' programme in Kampung Sapagaya here today. He said the government also plans to turn Sabah into a food production hub, thereby strengthening the role of rural areas as the backbone of national food security. When tabling the 13MP for the 2026–2030 period under the theme "Redesigning Development", Prime Minister Datuk Seri Anwar Inrahim announced initiatives such as the Sarawak Hydrogen Hub and Sabah Energy Supply Assurance to strengthen energy infrastructure in both states. Under the 13MP, priority will also be given to the construction of the Sabah-Sarawak-Kalimantan road network in alignment with the relocation of Indonesia's capital to Nusantara in East Kalimantan. Emphasis is also placed on an intensive poverty eradication strategy, digital transformation, and support for the resilience of micro, small and medium enterprises (MSMEs). The government remains committed to strengthening the retail network of 'Pasar Tamu' markets in Sabah and Sarawak, the development of integrated fisheries hubs, coastal and maritime tourism, as well as blue biotechnology, including upgrading bunkering facilities at Sabah ports. He said the 13MP is also a manifestation of the Madani government's resolve to develop basic infrastructure, strengthen entrepreneurship and enhance disaster preparedness in rural areas. At the programme, he also presented support equipment aid under the Rural Entrepreneurship Empowerment Support Scheme (SPKLB) and launched the opening of a new Kemas (Community Development Department) kindergarten building and skills training classroom. Zahid said Kemas as a wing within the Rural and Regional Development Ministry has designed various transformative programmes for the people, especially in developing community entrepreneurship. "We provide encouragement, assistance, loans, including supervision, to create more entrepreneurs. "We want to involve youth in entrepreneurship. "For example, at the beginning of the Kemas activity centre in Kampung Sapagaya, there was a sewing workshop. "We helped women, mothers, and youth through this workshop." He said that this year alone, the ministry has introduced 42 'game changers' to strengthen human capital, including reforms in the Kemas kindergarten education system. It has also formulated a strategy to empower rural education through major initiatives, including establishing Kemas pre-tahfiz kindergartens, tahfiz TVET and digital education across rural areas, namely smart classroom@KEMAS, as well as producing young huffaz through the PeliTa@KEMAS programme, he said. He said that the latest programme being implemented is the Special Tunas Kindergarten @ KEMAS to provide opportunities for children with autism which will start in Melaka. "We will also expand kindergartens like this throughout the country, our resolve is that each district will have an autism kindergarten class under Kemas to help the parents concerned," he said. In addition, he said more than 50 per cent of Kemas kindergartens nationwide will be upgraded to ensure better quality early childhood education facilities.
The Sun
5 hours ago
- The Sun
Felda communities to boost economy with RM100k village allocation
KUALA LUMPUR: The Federal Land Development Authority (Felda) has unveiled plans to utilise the government's RM100,000 allocation per village to enhance socio-economic development across settler communities. Key initiatives include tourism projects, SME support, and infrastructure upgrades tailored to local needs. In Selangor, Hassan Mukmin Amat, a second-generation settler, proposed developing recreational attractions like an ATV park to boost tourism. 'Sungai Bernam is already popular among anglers, so we can capitalise on that,' he said. In Terengganu, Mat Zain Mat Uyob plans to purchase a tractor to reduce palm oil transportation costs. 'This will save RM60 per ton and increase settlers' income,' he explained. Kedah's Felda Laka Selatan will expand cabin accommodations due to high demand. Rodhi Md Rejab noted, 'Our cabins are fully booked weekly, thanks to our strategic location near schools and the Thai border.' Melaka aims to support local SMEs. Nizam Baharom said, 'A sales hub will help small businesses market snacks like chips and pastries more effectively.' Perlis will focus on facility upgrades and social programmes. Abdul Khair Hashim stressed, 'We'll ensure funds benefit the community long-term.' Pahang, with the most Felda schemes, welcomes the allocation. Menteri Besar Datuk Seri Wan Rosdy Wan Ismail urged residents to maximise the opportunity. NegerI Sembilan and Johor will let villagers decide on projects. Muhammad Fadzli Hasan emphasised income-generating initiatives to foster self-reliance. Prime Minister Datuk Seri Anwar Ibrahim announced the funding yesterday, aligning with the MADANI government's empowerment principles. - Bernama
