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Malaysian regulator will ask publicly traded firms to submit El Nino plans and is looking for deeper Middle East relations
Malaysia's Securities Commission (SSC)?plans on asking companies to reveal how they're preparing for El Nino, amid fears that the country's business sector may not be prepared for the fallout of the 'weather phenomenon'. Chairman Mohammad Faiz Azmi?told reporters. Forecasters warn that a super 'El Nino' could bring heat and drought to Southeast Asia. Conditions that are hotter and drier can affect crop yields, straining water supplies. This poses a risk to Malaysia's palm oil industry. "We are going to write to all major companies and ask: What is your El Nino Plan?" Mohammad Faiz said in an interview during an...