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MAS to place US$2 billion with sustainability-focused managers

Singapore’s central bank plans to channel US$2 billion of its funds into green and sustainable assets through a select group of money management firms as part of efforts to attract green funds and asset managers with a sustainability focus to the city state.
The Monetary Authority of Singapore (MAS) will “soon” place the funds with managers that “are committed to deepen green finance activities out of Singapore”, according to Managing Director Ravi Menon.
“Through a highly competitive process, we have now identified a select group of asset managers with strong green focus,” he said in his keynote address at a virtual investment conference in Singapore on March 9. ....

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CEAT shows it cares

CEAT Kelani Vice President Sales & Marketing Madhushanka Ranatunga (left) makes a symbolic presentation to Senior Deputy Inspector General of Police Deshabandu Tennakoon in the presence of CEAT Kelani Managing Director Ravi Dadlani
CEAT Kelani Holdings has reiterated its support to the battle against the spread of COVID-19 with a donation of 1,000 boxes of essential protective materials to the Sri Lanka Police and tyre dealers island wide.
Each box contains 100 disposable gloves, five reusable masks, and five bottles of hand sanitiser, all custom produced for CEAT and bearing the company’s name. The company presented 450 boxes intended for the use of police personnel to Senior Deputy Inspector General of Police Deshabandu Tennakoon recently. The balance 550 boxes are being distributed to tyre dealers for the use of members of staff that interact with customers. ....

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