Capital markets news | Thu 21 Mar 2024
Equity
- Vegetable wholesaler Farm Price approved for ACE Market listing Edge Star
- SCGM’s substantial shareholders to inject agriculture business Edge Star
- Reddit IPO prices at top of range to raise USD748m Edge Mail
- Borse Dubai to sell USD1.6b Nasdaq shares to Thoma Bravo Edge
- French family offices drawn to private equity over private debt Edge
- Astera IPO raises USD713m Star
Debt
- Islamic banks continue to drive Malaysia’s overall loan growth RAM
- QSP Semenanjung’s sukuk AA- rating affirmed MARC
- Sunway Healthcare sukuk programme assigned final AA(cg) rating MARC
- Use Malaysia-Singapore fund to tap third country opportunities Edge Mail
- Stress test predicts profitability resilience for banks Star
Mergers and acquisitions
- FM Global Logistics buys land in Klang for RM37.7m Edge Star
- US investment firm Apollo offers USD11b for Paramount Studios Mail
Projects and business
- Hibiscus gets 30-month extension for Fyne Field licence Edge
- Subang Airport regeneration will generate RM216.6b gross output Edge Star NST
- Kelington signs 30-year land lease with Terengganu state government Edge Star
- JLand and ALPS sign MOU for biotechnology hub at Ibrahim Technopolis Edge
- Intel gets USD20b to boost US chip output Edge Mail
- Barclays to cut hundreds of investment bank jobs Mail
Economy and market news
- Malaysia to lead sustainable aviation fuel supply in Asia Pacific Edge
- BNM finds rising foreign currency holdings Edge NST
- Headline inflation to be 2%-3.5% in 2024 Star
- Short-term interbank rates close steady on BNM operations Mail
- Insurance and takaful sector profitability lower in 2H2023 Mail
- Malaysia’s currency in circulation eases to RM161.8b in 2023 Mail
- Spot gold rises to USD2,200 an ounce for the first time Edge
- Thai tycoons heat up new virtual bank licence bids Edge
- Bank of Japan’s next rate hike in Jul or Oct Mail
- New Zealand economy back in recession Mail
- US Fed holds key rate, still sees 3 cuts in 2024 Mail
