Capital markets news | Mon 26 Aug 2024
Equity and property markets
- EPB gains 16% on ACE Market debut Edge Star
- Pantech to list 2 subsidiaries on Main Market via SPV Edge
- REDtone becomes substantial shareholder in HeiTech Padu Edge Star
- Why are Main Market IPOs declining? Star
- Indonesia, Malaysia are outliers as foreigners sell Asian stocks Edge
- Philippines’ biggest oil import storage firm seeks strategic investor Edge
- Alibaba to upgrade Hong Kong listing to attract Chinese investment Edge NST Star
Mergers and acquisitions
- KIP REIT acquires land in Gerik for RM14.8m Edge
- Tomypak sells land, factory in Senai for RM31m Edge Star
- DNB calls off share sale agreement with TM Edge NST Star
- Hibiscus buys 30% of Block PM327 production sharing contract Edge NST Star
- China Mobile buys stake in Huawei smartphone-spinoff Honor Edge
Projects and business
- Maxis poised to lead Malaysia’s 2nd 5G network rollout Mail
- Jati Tinggi gets RM39.9m underground cable contract in Selangor Edge NST Star
- Keyfield bags RM48m accommodation workboat contract Edge NST Star
- MAG reduces network until Dec amid flight disruptions Edge Mail
- Indonesia to disband oldest life insurer after USD2.4b deal Edge
- Adani’s Mumbai slum revamp struggles to secure land Edge Mail
- Australian regulator hikes ANZ’s capital add-on, citing bond scandal Edge
- Reddit battles Meta and Google using ads based on topics Edge
- Eli Lilly Alzheimer’s drug to be blocked for use by Britain’s NHS Edge
- HSBC to double UK wealth business, banks target mass affluent Edge
Economy and market news
- Reality check for cross-border RE Edge
- Moderate growth for residential property market Star
- Number of unemployed persons continued to decline in 2Q Edge
- Addressing the immediate need for skilled workers Star
- Demand for mining, construction machinery to grow exponentially Edge
- Malaysia’s leading index up 3.5% to 113.4 points in Jun Edge
- Confronting some uncomfortable truths Star
- Higher wages – a key reform agenda Star
- Malaysia seen pausing rate through 2024 as inflation risks fade Star
- Malaysia-India FTA set for upgrade to boost trade, tech cooperation Mail
- Free trade talks with GCC on, FTA with UAE by year-end Star
- The effects of Trump’s protectionist policies if he wins the race Star
- Energy-hungry Singapore eyes deserts, forest for renewables NST
- Singapore Jul core inflation 2.5%, lowest in over 2 years Star
- China vows to quicken buying unsold homes for public housing Edge
- China’s cash-strapped developers lure homebuyers with bold perks Mail
- China ahead in humanoid robots field Star
- Market pricing in too many Fed rate cuts, El-Erian warns Edge
- Federal Reserve chair said time has come for rate cuts Mail
- Canada rail lines prepare to restart after government intervenes Edge
- ECB has room for gradual rate cuts NST
Legal and policies
- Yong Tai defends against RM105m suit, countersue Kerjaya Prospek Edge
- BNM fines Bank of China for relocating key systems without approval Edge Star
- TNB gets RM1.005m summary judgement against Lee Kim Yew’s company Edge
- Anil Ambani banned from Indian securities market for 5 years Edge
- India to withdraw Infosys USD4b tax demand after backlash Edge
- India approves pension scheme guaranteeing 50% base salary Mail
- US sanctions 400 entities aiding Russia including Chinese firms Edge
- Meta, Spotify CEOs take aim at European AI regulations Edge
- Telegram messaging app CEO Durov arrested in France Edge
