Capital markets news | Wed 12 Jun 2024
Debt
- China Construction Bank’s AA+, MARC-1 ratings affirmed MARC
- Hong Leong Bank issues RM1b Tier 2 subordinated notes Edge Star
- Foreigners bought RM5.5b Malaysian debt securities in May NST Star
- UK’s 10-year GBP11b gilt attracts GBP109b orders Edge
- ECB says many eurozone banks slow in loan-loss provisions Edge
- BlackRock cautious on long-term US Treasuries ahead of elections Edge
Mergers and acquisitions
- Crescendo sells Pulai land for RM115.88m to data centre firm Edge Star
- Syed Mokhtar’s firm buys SP Setia’s Tebrau land for RM564m Edge Star
- UEM Sunrise sells Johor land for RM144.9m to data centre company Edge NST Star
- Handal buys 30% of crane company Tenzin for RM8m Star
- NYC landlord to sell office building at 67% discount Edge
- Bain offers USD1.2b for Australian automotive parts retailer Bapcor Star
Projects and business
- SBH Kibing inks MOU to build RM7.2b Sabah solar glass factory Edge
- RTS Link 77.6% complete, system installation to start end-2024 Edge Star
- Bintai Kinden bags RM22m contracts to build houses in Muar Edge Star
- Port of Tanjung Pelepas is 5th in global efficiency ranking Edge NST Star
- Gamuda’s 75 London Wall redevelopment approved Edge Star
- SunCon’s data centre contracts upsized from RM1.7b to RM3.2b Edge Star
- US-based MKS Instruments to build a factory in Penang Edge NST Star
- HSBC adds over 300 to China headcount Edge
- Telkom eyes data centre expansion from 60MW to 500MW Star
Economy and market news
- Malaysia ranked 23rd in AI readiness Edge
- Malaysia’s growing palm oil stockpile to weigh down prices Edge
- CPO 2024 production to increase due to labour supply Star
- UOB sees bumpy capital flows into Malaysia Edge
- Currency differentials cause Malaysia’s brain drain to Singapore Edge
- Malaysia’s natural rubber output drops 20.9% in Apr Mail
- Malaysia’s manufacturing activity supportive as external demand improves Mail Star
- Malaysia approved RM114.7b data centre, cloud investments in 2021-2023 Star
- Leverage 3 megatrends to propel Asean investments Mail
- US small-business optimism improves to highest level this year Edge
- US awards USD23.9m to Rocket Lab for spacecraft, satellite semiconductor Mail
- Rise in UK jobless rate to 4.4% muddies Sunak’s message to voters Mail
- China’s strong iron ore imports contrast with weak steel output Star
Legal and policies
- Malaysia’s MITI will develop special incentives for AI data centres Star
- Chinese developer troubles deepen as Dexin gets liquidated Edge
- Apac corporate cyber risks under-reported and under-appreciated Edge
- Singapore ramps up scrutiny of family offices, hedge funds Edge
- China unveils draft rules to boost cross-border e-commerce Mail
- China’s battery makers decry US protectionism, false accusations Star
- US bans imports from China firms over Uyghur forced labour Edge
- US looking at more limits on China’s access to chips needed for AI Edge
- Aircraft lessors, insurers clash over stranded jets in Russia Mail
- IATA tells governments to support sustainable aviation fuel NST
