UEM Sunrise Completes RM500 Mln Islamic Medium-term Notes Issuance
KUALA LUMPUR, July 30 (Bernama) -- UEM Sunrise Bhd has completed the issuance of Islamic medium-term notes (IMTNs) worth RM500 million under its existing IMTN programme.
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PBAPP Launches RM5 Bln Sukuk To Boost Penang’s Water Infrastructure
GEORGE TOWN, July 8 (Bernama) -- Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) today launched its inaugural RM5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Programme) to support critical water infrastructure development and long-term water security in Penang.
Federal Engagement Crucial As Penang Braces For Impact Of US Tariffs — Chow
GEORGE TOWN, July 8 (Bernama) -- The Malaysian Government must continuously engage with its United States (US) counterparts to negotiate a lower tariff rate, following Washington’s recent decision to impose a 25 per cent duty on goods from Malaysia, said Penang Chief Minister Chow Kon Yeow.
PBA Holdings Unit Files RM5 Bln Sukuk Wakalah With Securities Commission
KUALA LUMPUR, July 2 (Bernama) -- PBA Holdings Bhd’s wholly-owned subsidiary, Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP), has submitted the required documents to the Securities Commission Malaysia (SC) to set up an Islamic medium-term notes programme (sukuk wakalah) worth up to RM5 billion.
Ringgit Opens Stronger As US Dollar Weakens Further
KUALA LUMPUR, July 1 (Bernama) -- The ringgit extended its upward trend at Tuesday’s open, buoyed by persistent weakness in the US dollar.
Taiwan’s Non-life Premiums Rise On Improved Underwriting Practices - AM Best
KUALA LUMPUR, June 16 (Bernama) -- Global credit rating agency, AM Best in its new report, has unveiled that Taiwan’s domestic non-life insurance premium continued to increase in 2024, growing 10.5 per cent to reach TWD 278.5 billion (US$9.2 billion). (US$1=RM4.23)
Paradigm REIT Eyeing Three Hotels, KLIA Gateway
KUALA LUMPUR, June 10 -- Paradigm Real Estate Investment Trust (Paradigm REIT), a local real estate investment trust, plans to acquire three hotels and a commercial gateway over the next three years.
Affin Group Debuts In US Bond Market With US$300 Mln Note Issue
KUALA LUMPUR, June 4 (Bernama) -- Affin Group made its debut in the US dollar bond market with the issuance of the senior unsecured notes with a nominal value of US$300 million (RM1.27 billion) under its US$2 billion (RM8.46 billion) euro medium term note (EMTN) programme.
AM Best Maintains Stable Outlook For South Korea’s Non-life Insurance Amid Regulatory Pressures
KUALA LUMPUR, June 4 (Bernama) -- The stable outlook on South Korea’s non-life insurance segment has been maintained by AM Best, noting a continued refinement of the country’s domestic solvency standards that have helped strengthen insurers’ capital management.
Global Business On Edge: Uncertainty Now Bigger Threat Than Red Tape
KUALA LUMPUR, May 28 (Bernama) -- The 2025 Global Business Complexity Index (GBCI) revealed that while regulatory complexity remains a challenge in certain regions, it is growing geopolitical and economic uncertainty that now poses the greatest threat to international business operations.
Future Success Of Individuals, Companies, And Nations Set To Be Measured By AI — Tengku Zafrul
KUALA LUMPUR, May 28 (Bernama) — The success of individuals, companies and nations in the future could be measured by how effectively they deploy and use artificial intelligence (AI), said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
AM Best Affirms Excellent Ratings For China’s Ping An P&C
KUALA LUMPUR, May 19 (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 Ping An Property & Casualty Insurance Company of China Ltd (Ping An P&C), with a stable outlook for both ratings.