Capital markets news | Tue 27 Aug 2024
Equity and property markets
- Signature proposes spin-off listings of 2 subsidiaries Edge
- Pantech’s listing of manufacturing units positive Edge
- Foreign investors’ net buying surged to RM1.4b Edge Mail NST Star
- High IPO valuations a critical issue Star
- Why many large IPOs tumble Star
- Globaltec’s Australian unit makes AUD8.17m cash call Edge
- Isetan Singapore’s shares trading suspension on Thursday Edge
- Indonesian stocks hit record high on Powell’s dovishness Edge
Debt and money markets
- Bond market in good shape due to increased volatility, global risk-off Edge
- Malaysia’s debt to drop below 60% of GDP by 2028 Mail
- Buy now pay later should be regulated Star
- Global frenzy for Indonesian bonds stayed intact during protests Edge
- Lukewarm response for India’s green bonds Star
- Financing push aims to unlock billions to curb methane leaks Star
Mergers and acquisitions
Projects and business
- T7 Global gets RM74.6m Mindef contract Edge NST Star
- TM still wants a piece of 5G after DNB deal axed Edge
- Capital A’s Santan in talks over Malaysia Airlines in-flight catering Edge
- CAAM to present MAG special audit to Cabinet tomorrow Edge
- Rigol Technologies sets up RM100m Penang facility Edge
- Puspakom gets motor vehicle inspection services licence Edge
- MMHE bidding for RM7-8b contracts, 1/3 overseas Star
- Velesto gets Vietnam contract for Naga 3 Edge NST Star
- Din Tai Fung closes China outlets amid weak consumer spending Edge
- IBM to shut China R&D in move affecting 1,000 staff Edge
Economy and market news
- Malaysia’s 2024 economy to grow almost 5% Edge
- Cautious optimism for 2H growth Star
- Malaysia needs to build up rainy day fund Edge
- Inflation forecast to be stable for rest of 2024 Star
- MIER predicts RM4.20-4.25 per USD by year-end Star
- Malaysia’s air travellers up 14.3% to 8.8m in Jul Mail Star
- Government to meet RE players on 3rd-party access to grid Edge
- Indonesia’s Prabowo to implement 50% palm-based biodiesel in 2025 Star
- World Bank forecasts Vietnam 2024 GDP growth at 6.1% Star
- China’s fiscal revenue falls 2.6% in Jan-Jul Star
- Iron ore extends rebound as China’s stockpiles start to ease Edge
- BOE head says risk of persistent inflation receding Star
- Exxon forecasts 2050 oil demand to match today’s Edge
Legal and policies
- Petronas sues South Sudan over abandoned oil fields Edge NST Star
- GDB wins RM59m in adjudication over 8 Conlay payments Edge
- Infraharta refutes Consortium Zenith’s Penang 3rd link claims Edge
- KOP shareholder sentenced to 4 weeks’ jail for false trading in shares Edge
- India’s SEBI calls Paytm founder, director over IPO breaches Edge
- China automakers pushing back against EU’s plan for tariffs Star
- US industry seeks easing of steep Biden-Harris China tariff hikes Edge
- Kraken must face SEC suit over crypto exchange Star
- Canada to hit China with tariffs on electric vehicles, steel Edge
- Telegram CEO held for alleged child protection gaps on app Edge NST
- Uber fined EUR290m in Netherlands for sending drivers’ data to the US Edge NST
