Capital markets news | Thu 8 Aug 2024
Equity and property markets
- ES Sunlogy files for ACE Market IPO Edge Star
- Wahed Ventures launches RM2m equity crowdfunding for Carpedia Edge
- Malaysia raised RM2b in IPO funds in 1H Star
- Market rout reignites concerns over South Korea investment tax Star
- Indian companies shun global worries to push ahead with listings Edge
- EV fund outflows hit USD1.6b as Trump fears add to slowdown Edge
Debt and money markets
- Ranhill Solar Ventures’ sukuk AA3 rating affirmed RAM
- Tenaga Nasional’s AAA rating affirmed MARC Edge
- KAF Investment Bank’s AA-, MARC-1 ratings affirmed MARC
- Vietnam’s private corporate bond operations raise transparency Star
- Banks poised to seize more buildings in Hong Kong Edge
- Hong Kong seeks to beef up status as financial hub Star
- Trump’s overtures to US crypto sector put global hubs on alert Edge
Projects and business
- Kawan Renergy bags RM58m contract from KAB Energy Edge NST Star
- Uzma secures hydraulic workover unit contract from PTTEP Sarawak Edge Star
- MN, China State Construction explore power projects Edge Star
- Tesla aborts setting up factories in Malaysia, Southeast Asia Edge Mail
- Willowglen bags RM28m Scada contract from Singapore’s Kadenko Edge Star
- Govt may announce short-term PPA extensions next week Edge Star
- Johor enhances land management through digitalisation NST
- KL-Singapore HSR more feasible if extended to China NST
- Northport handled record 354,548 TEUs, 1.14m FWTs in Jul Star
- Indonesia launches China-built anode plant for EV batteries Edge
- ByteDance launches AI text-to-video app Edge
Economy and market news
- Malaysia’s data centre industry to hit RM3.6b revenue by 2025 Edge Star
- Malaysia’s FDI continues to gather momentum in 1Q Edge
- BNM’s international reserves rise to USD114.7b in Jul Mail Star
- CPO futures end mixed on output concerns, higher crude oil prices NST
- Thai headline inflation picks up to 0.83% in Jul Star
- China’s exports up 7% in Jul, 4th straight month of growth Mail Star
- PBOC refrains from increasing cash supply, liquidity abundant Star
- BOJ will not raise rates when financial markets are unstable Edge Mail Star
- Yen carry trade and its effect on economies Mail
- India asks banks to refrain from betting against rupee Star
- New Goldman Sachs index shows financial stress relatively normal Edge
- UK should double investment to GBP50b per year Star
Legal and policies
- Federal Court dismisses Pestech’s bid to appeal dispute with YTL Edge
- Investor files liquidation petition in China against Evergrande unit Edge Star
- China Evergrande’s liquidators initiate legal action against PwC Edge NST
- Apple faces USD20b risk after Google antitrust ruling Edge
- Pfizer manager doing time for insider trading Star