Capital markets news | Tue 2 Jul 2024
Debt
- Tanjung Bin Power’s AA2 sukuk rating affirmed RAM
- FAQ on credit ratings for investment notes released RAM
- Aman Sukuk’s RM10b sukuk programme AAA rating affirmed MARC
- Sunway Group’s issuance ratings affirmed MARC
- Segi Astana’s MTN A+ rating outlook revised to positive MARC
- Affin Bank, Affin Hwang establish RM5b CP, MTN programmes Edge Star
- Banks continue growing with loan expansion, stable NIM, higher NII Edge
- China’s central bank to borrow bonds from market under new policy plan Star
- Morgan Stanley suggests steeper US yield curve with Trump win Edge
Mergers and acquisitions
- PUC sells software, IP rights to G Solution Tech for RM22m Edge Star
- Hubline, Powertium in race for Ekuinas’ RM1.2b Orkim Edge
- Spirit Aerosystems to sell Subang operations to Airbus NST
- Evergreen, UBB Investment Bank begin merger process NST
- Google buys stake in BlackRock’s Taiwan solar power firm NST
- Boeing buys Spirit Aero for USD4.7b Edge Mail NST
- BlackRock buys UK data group Preqin NST
Projects and business
- Putrajaya to issue RFP for RM3.5b multi-lane free flow project Edge
- Toyo Ventures delays EPCC for Vietnam power plant Edge
- TM gets RM1.25b 12-year contract for new emergency call system Edge NST Star
- Southern Score wins RM315m residential apartment contract Edge NST Star
- Nova Pharma gets National Institute of Biotechnology contract Edge Star
- Vitrox awarded RM46m training, research centre contract to SIB Edge NST Star
- Sabah to develop oil, gas facilities with UK’s Gibson Shipbrokers Edge NST
- inDrive projects its ride-hailing drivers to double by end-2024 Edge NST
- Hengyuan leakage fixed, operations getting back to normal NST
- HSS Engineers bags RM1.5b Baghdad metro rail system contract NST Star
- Govt decision to continue with ICPT neutral for TNB NST Star
Economy and market news
- 4 multinational firms with RM7b investments ceased in 1H2024 Edge
- Data centre, chip industry to boost local steel demand Edge
- Malaysian banks’ non-interest income growth to slow Edge
- Bioeconomy eyes RM1.32b new investments from 2024 event Mail NST
- Malaysia, other central banks agree Project Nexus blueprint NST Star
- UOB forecasts Malaysia’s approved investments up 4% to RM342.5b NST
- Malaysia’s manufacturing sector broadly stable in 2Q NST Star
- Malaysia needs 10-11GW of new IPP capacity by 2030 NST
- Asia’s factory activity expands in Jun on solid global demand NST Star
- China’s factory activity rises at fastest pace in over 3 years Star
- Japan’s 1Q GDP shrank 2.9% due to construction data corrections NST
Legal and policies
- Creador threatens to sue Meta over scammer issue Edge NST
- MAHB seek summary judgement against MYAirline Edge
- Sapura Energy actively developing financial regularisation plan Edge NST Star
- BNM mandates cost-sharing in medical and health insurance, takaful Mail Star
- Singapore’s money remittances at high risk of terrorism financing NST
- Japan’s antitrust watchdog warn Toyota subsidiary Mail
- EU set to charge Meta over pay or consent Edge
