Capital markets news | Mon 19 Aug 2024
Equity and property markets
- Vetece IPO oversubscribed 187 times Edge NST Star
- Steel Hawk ACE Market IPO to raise RM20.21m Edge Star
- Strong net foreign fund inflows expected Star
- Parkson Retail Asia seeks exit from SGX watch-list Edge
- Software firm AvePoint weighs 2nd listing in Singapore Edge
- China stock exchanges stop giving daily overseas fund flows data Edge Star
- SoftBank is picking stock winners in India’s red-hot IPO market Edge
- Wall Street just got its most volatile ETF as risky bets boom Edge
- Yen carry trade that blew up markets is attracting hedge funds again Edge
- Deutsche Bank executive says ESG backlash is losing its bite Edge
Debt and money markets
- Putrajaya Bina’s sukuk AAA rating affirmed MARC
- Putrajaya Holdings’ sukuk AAA ratings affirmed MARC
- Bumi Armada gets USD400m syndicated facilities to refinance sukuk Edge NST Star
- Golub is building out a trading desk for private credit loans Edge
- Buying corporate debt on dips pays off 70% of the time Edge
- Payment in kind hints at trouble to come for private markets Edge
Mergers and acquisitions
- MBSB has appetite for M&A Edge
- SBC sells 2.2-acre land for RM37m Edge Star
- Dhaya Maju buys 51% of Pestech for RM160m Edge
- Censof is for sale Star
- EQT buys real estate platform PropertyGuru in USD1.1b deal Edge
- China’s Ant weighs buying healthcare platform Haodf Edge
- South Korean AI chipmakers Rebellions and Sapeon to merge Edge
- Japan’s Mitsui buys stake in Tasco in bet on Vietnam’s auto sector Edge
- Ericsson reaches USD1b deal to sell US firm to Koch unit Edge
- Porsche agrees to rescue troubled German battery maker Varta Star
Projects and business
- Intel to proceed with Penang expansion plans Edge
- ITMAX bags additional orders worth RM539m from DBKL Edge NST Star
- Sarawak Energy to expand sale of renewable energy certificates Star
- Big task for Ranhill in YTL’s Johor play Star
- T7’s Shirley MOPU achieves 1st oil in Nong Yao field Star
- Vietnam seeks Chinese funding for massive rail projects Mail
- China’s BYD plans car plant in Karachi for Pakistan entry Edge
- Comcast’s Universal seeks UK incentives for Bedford theme park Edge
Economy and market news
- Malaysia’s GDP grew 5.9% in 2Q Mail Star
- Malaysia’s 2Q exports surge despite global market challenges Mail
- Core inflation up 1.9% in 2Q driven by higher housing, utility costs Mail
- OPR unchanged as inflation is expected to rise in 2H Mail
- SC should extend GROWMatch to all sectors Edge NST
- New vehicle sales rise 11% to 71,730 in Jul NST Star
- Palm oil exports hit 1.69m tonnes in Jul, highest in 4 years NST
- Singapore’s Jul exports up 15.7%, stronger than forecast Star
- Giant metal stockpile in Singapore sparks rare warehouse battle Edge
- China issues new gold import quotas after pause Edge
- Next Bank of Japan intervention might be to sell currency Star
- Goldman cuts US recession risk following retail sales, jobs data Edge
- US companies have USD1.76t opportunity to free up cash Edge
- Digital euro has Germans fretting about security Star
- Gold tops USD2,500 for 1st time Star
Legal and policies
- New minimum wage proposal to be presented to Cabinet in Sep Edge
- Malaysia supports low carbon hydrogen framework Edge
- Lack of guidelines, stakeholder engagement on land surveyors bill Edge
- BNM to expand qualified resident investor programme Edge
- Malaysia wants public-private partnerships to drive energy transition Edge
- MYAirline ordered to pay RM17m in overdue charges to airport operators Edge
- Resorts World Las Vegas accused of catering to crime figures Edge Mail
- India regulatory chief earned revenue in potential rules violation Edge
- Norway’s wealth fund wants more AI competency at company boards Edge
- US group wants retroactive duties on Vietnam, Thailand panel imports Edge
- California Democrats fear US tech firm death spiral with more China curbs Edge
- US judge blocks launch of Disney, Fox, Warner sports streaming Mail
