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Malaysia pushes firms for El Nino plans

Malaysias Securities Commission plans to ask listed companies to disclose El Nino preparation strategies amid drought risks. The regulator also explores closer Middle East ties to boost Islamic finance links and capital flows.

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A member of the security personnel stands guard at the entrance of the Malaysian Anti-Corruption Commission headquarters in Putrajaya, Malaysia, July 3, 2018.

Malaysia's Securities Commission will require publicly traded firms to disclose preparedness plans for El Nino amid threats to key industries. The initiative tests whether climate-risk disclosures translate into effective drought preparation. Regulators aim to safeguard vital sectors like palm oil from severe weather impacts.
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