Capital markets news | Mon 2 Sep 2024
Debt and money markets
- RAM publishes credit performance of rated portfolio in 1H RAM
- OCBC Malaysia’s AAA rating affirmed RAM
- Indera Persada’s bonds AA1 rating affirmed RAM
- SME Bank’s AAA, MARC-1 ratings affirmed MARC
- SkyWorld’s RM300m sukuk A(cg), MARC-1(cg) ratings affirmed MARC
- CIMB has nearly RM5b of data centre deals in pipeline NST
- Fermat sees catastrophe bond returns halved Star
- South Africa’s Transnet gets SAR5b loan from BRICS bank Edge
- China’s lending to Africa is rising again Star
Mergers and acquisitions
- Icon Offshore announces RM437.5m acquisitions Edge NST Star
- UEM to acquire up to 51% in power producer Nur Power Edge Star
- Singapore Airlines gets Indian govt nod to invest in enlarged Air India Edge NST Star
- Foreign lenders attracted by rare stake sales in India banks Star
- Kirin clinches Fancl deal to propel health pivot Star
- Intel weighing options including foundry split to stem losses Edge
- Ongoing talks to help Amazon aggregators merge Star
Projects and business
- Pansar gets RM805m Kuching urban transportation system contract Edge
- Public feedback sought for MRT3 project Edge
- Chinese battery maker Zhuhai CosMX to invest RM1b in Kedah plant Edge NST Star
- MSM to export 45k tonnes of grain sugar to China this year Edge NST Star
- AirAsia begins Subang Airport jet ops with flights to Sabah, Sarawak Edge
- Malaysia Airlines aircraft grounded longer than planned NST Star
- Malaysia Airlines at pivotal crossroads Star
- Alibaba wins Beijing’s approval in end to years-long scrutiny Edge
- Japan start-up to launch steady-state fusion reactor in 2034 Edge
- QatarEnergy to double annual urea production Edge
- Goldman to cut a few hundred jobs in coming weeks Edge
- Meta’s Llama AI models being used by banks, tech companies Edge
- Google to invest USD850m on 2nd data centre in Latin America Edge
- Thames Water plans to raise bills by 59% Star
- Netherlands’ Schipol airport to invest USD6.7b to boost capacity Mail NST
Economy and market news
- Malaysia’s official reserve assets at USD114.66b at end-Jul Star
- Malaysia’s gross loan growth at 5.5% in Jul, M3 expanded faster Edge
- FMM sees 2024 growth above 5% Star
- Malaysia remains key Asean data centre growth market Edge
- CRESS players fume at high 3rd party access charge Star
- The future of Islamic tourism Star
- Hunt for Fed-pivot winners sparks a rush to Malaysia, Indonesia Edge Mail
- China’s manufacturing slump continues for 4th straight month Mail
- China’s troubled solar industry may be nearing a turning point Edge
- China’s top banks suffer lower profit from reducing rates Edge
- China considers letting homeowners refinance USD5.4t of mortgages Star
- China’s airlines hit by slow international travel, domestic oversupply Edge Mail NST
- Core inflation in Japan’s capital perks up, backs case for BOJ hikes Star
Legal and policies
- Malaysian PLCs not allowed to hold virtual general meetings Edge NST Star
- Taking a leaf of electricity reforms from other countries Star
- Plantation firms return 20% of leased land to state govts to renew lease Edge
- Singapore proposes new law that lets police stop bank transfers Edge
- Japan’s Nippon Steel calls for trade tariff on Chinese steel Edge
- UK insurer Aviva dodged India compensation and tax rules Mail
