IILM Reissues Its Largest Year-To-Date Short-Term Ṣukuk Of US$1.31 Bln

KUALA LUMPUR, Nov 5 (Bernama) -- The International Islamic Liquidity Management Corporation (IILM) has completed the reissuance of an aggregate US$1.31 billion (US1=RM4.34) short-term sukuk with tenors of one month, three months, and six months.

AM Best Withdraws Generali Life Hong Kong’s Ratings

KUALA LUMPUR, Nov 4 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” (Excellent) of Generali Life (Hong Kong) Limited (Generali Hong Kong).

AM Best To Present APAC Benchmarking Study, Mock Rating Committee At Singapore Conference

KUALA LUMPUR, Oct 29 (Bernama) -- Global credit rating agency, AM Best announced it will host Insurance Market Briefing - Singapore International Reinsurance Conference (SIRC) to explore the state of the Asia Pacific (APAC) (re)insurance markets on Nov 5, as part of the 20th annual SIRC event.

Budget 2025 Maintains Gradual Fiscal Consolidation Approach - Fitch Ratings

KUALA LUMPUR, Oct 29 (Bernama) -- Malaysia’s Budget 2025 reaffirms a commitment towards gradual fiscal consolidation from a high debt level compared with peers, according to Fitch Ratings. 

Analysts Lift Target Price On Gamuda Amid New Hydroelectric Deal

KUALA LUMPUR, Oct 28 (Bernama) -- Analysts are maintaining an outperform rating on Gamuda Bhd, raising the target price following the company’s recent contract win, which bolsters earnings visibility.

SME Corp Celebrates Over 700 Outstanding MSME Entrepreneurs At Enterprise 50 Awards

KUALA LUMPUR, Oct 26 (Bernama) -- SME Corp Malaysia has successfully nurtured 763 high-achieving Micro, Small, and Medium Enterprises (MSMEs), now recognised as distinguished recipients of the Enterprise 50 (E50) Award.

PIVB Maintains 'Outperform' Rating On AAX

KUALA LUMPUR, Oct 25 (Bernama) -- Public Investment Bank Bhd (PIVB) has maintained its "outperform" rating on AirAsia X Bhd (AAX) supported by its robust demand in the third quarter of 2024 (3Q 2024).

CapitaLand Malaysia Trust's Sustainability-linked Loans Total RM752 Mln To Date

KUALA LUMPUR, Oct 23 (Bernama) -- CapitaLand Malaysia Trust (CLMT), a real estate investment trust (REIT), has secured RM752 million in sustainability-linked loans to date.

Ringgit Ends Lower Vs US Dollar As External Factors Weigh

By Rosemarie Khoo

KUALA LUMPUR, Oct 22 (Bernama) -- The ringgit ended lower on Tuesday on the continued expectation of a slower pace of US interest rate cuts, China’s cooling economy and heightened geopolitical risks in the Middle East, said an analyst. 

TNB To See Continuous Stable Returns From Hydropower Plants Via HLEP -- RHB IB

KUALA LUMPUR, Oct 22 (Bernama) -- Tenaga Nasional Bhd (TNB) is expected to see continuous stable returns from its hydropower plants following the implementation of the Hydro Life Extension Programme (HLEP), according to RHB Investment Bank Bhd (RHB IB).

TNB’s Solid Financial Footing Critical For Its Service To The Rakyat

By M. Saraswathi

KUALA LUMPUR, Oct 22 (Bernama) -- For a utility company such as Tenaga Nasional Bhd (TNB), a solid financial position, underpinned by a healthy balance sheet, low debt, and strong cash flow, enables it to allocate capital towards infrastructure upgrades, research and development, and operational improvements that benefit end consumers.

Budget 2025 Sets Solid Foundation For 13MP - MARC

KUALA LUMPUR, Oct 21 (Bernama) -- Budget 2025 sets a solid foundation to achieve growth of between 4.5 per cent and 5.5 per cent, providing a strong framework for the upcoming 13th Malaysia Plan (13MP), as 2025 marks the final year of the 12MP, said Malaysian Rating Corporation Bhd (MARC).