Capital markets news | Thu 2 May 2025


Equity

  • West River’s ACE Market IPO oversubscribed 0.26 times Edge
  • Hartanah Kenyalang prices ACE Market IPO at 16 sen Edge
  • Why Tan Chong trades at less than 10% of its NTA Edge
  • New auditors also withhold opinion on Annum’s financials Edge
  • Bursa’s research incentive scheme to cover private, pre-IPO companies Edge Star
  • Reduced expectations of IPOs Star
  • Labuan IBFC to publish carbon credit circular next week Edge
  • CIC to sell USD1b private equity assets Star
  • Schroders hit by client withdrawals from China Star
  • Asian equities may be relative winner in US recession NST Star
  • Mark Mobius says his funds hold 95% in cash on trade war risks Edge Yahoo
  • Strategy raising another USD21b to buy bitcoin Coindesk Yahoo
  • Crypto influencer-led firm ProCap files for IPO Star
  • Shein weighs US restructuring as tariff risks cloud London IPO Yahoo
  • Buyer’s remorse hits finance bosses who overhired for ESG Edge Yahoo
  • AI financial models still have long way to go Star

Debt and money markets

  • Enhanced project finance rating criteria published RAM
  • MACC probes RM360m false claims in MEX II’s RM1.3b sukuk Edge
  • Mah Sing issues 5-year RM350m secured unrated sukuk Star
  • HCK lodges RM2b sukuk programme with SC Edge Star
  • AmBank gives RM408.2m loan to MSR Green Energy for Sabah BESS Star
  • Private sector borrowing up 5.5% in Mar, driven by corporate bonds Edge
  • Singapore-US swap rates set to narrow on policy easing wagers Edge
  • Indonesia secures USD60m for solar project Star
  • Apollo, Carlyle acquire first loan-linked private debt Star
  • IndusInd Bank CEO resigns over USD230m derivatives gap Edge
  • StanChart says clarity on India’s green rules will boost deals Edge
  • S&P Global sees credit rating breathing room for trade war rivals US and China Edge
  • US Treasury dealers recommend ending federal debt ceiling Yahoo
  • Short-term US bonds rise as traders boost bets on 2025 rate cuts Yahoo
  • US corporate bond markets betray caution Star

Digital assets

  • Bitcoin mining syndicate busted in Terengganu for electricity theft Mail
  • Bitcoin mining profitability dropped with hashrate up 6% Coindesk Yahoo
  • Bitcoin surged past USD97k for the first time since late Feb Coindesk Yahoo
  • Gold continues correcting and that might be good for bitcoin Coindesk
  • Bitcoin volatility lowest in 563 days Cointelegraph
  • Metaplanet registers US treasury arm for bitcoin reserve strategy Coindesk
  • Morgan Stanley to offer crypto trading to E*Trade customers Yahoo
  • Ethereum captures 60% of tokenised real-world asset value Cointelegraph
  • BlackRock brings blockchain push to a USD150b Treasury fund Edge
  • Crypto investment firm Dao5 raises USD222m fund Coindesk
  • SEC ditches PayPal’s PYUSD probe Coindesk
  • Litecoin surges 7% as SEC likely to approve spot ETF Coindesk
  • Solana surges 8% despite global macro tensions Coindesk
  • Movement token slumps 14% as Coinbase suspends trading Coindesk
  • Global demand grows for non-dollar stablecoins Cointelegraph
  • Dinari raises USD12.7m for non-US stock investors Coindesk
  • US congressman pitches crypto ATMs for federal govt buildings Coindesk
  • UK’s delayed regulation hurts plan to be global crypto hub Coindesk
  • Australia’s watchdog cracks down on dormant crypto exchanges Cointelegraph
  • Blockchain-powered self-sovereign identity can solve food fraud Cointelegraph

M&A and property

  • BPMB completes acquisition of Exim Bank, SME Bank Edge NST Star
  • WTK sells logging unit to Huang Qian Wen for RM23.5m Edge NST Star
  • Compugates’ substantial shareholder disposes of 9.9% stake for RM8.4m Edge
  • SC Estate Builder sells Alor Setar land for RM7.93m Star
  • Couche-Tard clinches deal to deepen Seven & i takeover talks Edge NST Star

Malaysian financial market news

  • Headline inflation eases to 1.4%, core holds in Mar NST
  • BNM expected to keep OPR unchanged next week Edge
  • Targets achievable despite likely slower GDP Star
  • BNM imposes penalties totalling RM35k on Merchantrade, JAGS Money NST Star
  • Chamber of commerce indicates sustained interest from US investors Edge NST Star
  • Gig workers bill to be tabled in next Parliament session Edge
  • Emerging markets, China eyed for halal industry expansion in 2025 Edge
  • Halal product exports up 15% to RM61.79b in 2024 Edge Star
  • Leveraging digital trade platform to target RM4.5b global halal sales Edge
  • FMM urges comprehensive review of SST expansion Edge Star
  • Economist backs SST expansion delay, suggests exploring digital tax NST
  • Price control on eggs has ended Edge
  • Women owned 20% of businesses in 2022, mostly SMEs Edge NST
  • Chua Ma Yu’s family office taps Forest City’s zero-tax incentives Edge
  • Labuan IBFC sees slower 2025 growth in new biz incorporations Edge
  • Labuan IBFC sees 2025 slowdown in leasing and trading after strong 2024 Edge
  • Sabah’s GDP seen rising to RM84.9b in 2024 Edge NST
  • Penang saw RM17.3b approved manufacturing investments in 2024 Edge Star
  • ConocoPhillips confirms exit from Salam-Patawali field Edge Star
  • South Korea’s Sustio completes RM326m Penang expansion Edge

Asian financial market news

  • Singapore taps seniors to support ageing workforce Star
  • Bank of Thailand cut 1-day repurchase rate by 0.25% to 1.75% Edge Mail Star
  • Indonesia plans 10GW nuclear power in major renewable energy push Star
  • Indonesia’s foreign investment rises 12% in 1Q Star
  • Philippines’ infrastructure spending up 23.1% in 2M2025 Star
  • Southeast Asia may see most gas projects approved in a decade Edge
  • US has reached out to China to initiate tariff talks Edge NST Star Yahoo
  • China creates list of US-made goods exempt from 125% tariffs Edge
  • China adopts law to protect private companies amid trade war Edge
  • China’s factory activity at slowest since 2023 as US tariffs hit Edge NST Star
  • Xi says China’s economy should adapt to external changes Edge
  • China is days late in releasing trade data as US shipping slumps Edge
  • Chinese set to spend record USD1t in local travel boom Edge
  • China looks to swap grains in feed with kitchen waste, insects Edge
  • Logitech to shift some production from China to counter Trump tariffs Edge
  • Goldman sees central banks buying more yuan, Singapore dollars Edge
  • Taiwan’s economy grows most in a year on front-loading, AI Edge
  • Bank of Japan keeps rate unchanged, sees delay in price goal Edge Star Yahoo
  • Tariffs prompt Bank of Japan to lower growth forecasts NST Yahoo
  • Japan’s factory output slides as Trump tariffs jolt manufacturers Edge
  • 40% of Japan prefectures offer financial aid over US tariffs NST
  • South Korea’s exports rise as global buyers stockpile chips Mail Star
  • Early signs of consumption revival in India to pare tariff pain Edge

Other financial market news

  • Australian house prices hit record high ahead of Saturday’s vote Edge
  • Australia’s hotter-than-expected inflation sends currency up Edge
  • US economy contracts 0.3% on imports surge, first time since 2022 Edge Yahoo
  • Trump says be patient as US economy contracts on tariff disruption Edge
  • Yellen warns US recession risk is way up after Trump’s tariffs Edge
  • US manufacturing sectors slump deepens in Apr Edge
  • US firms add 62k jobs in Apr, smallest gain since Jul Edge NST
  • US jobless claims jump on spike in New York during spring recess Edge
  • Treasury’s Bessent says bond market thinks Fed should cut rates Edge Yahoo
  • Fed signals rates will remain unchanged Edge Yahoo
  • Shrinking GDP and elevated inflation put Fed in tough spot Yahoo
  • US consumer spending jumps while key inflation gauge slows down Edge
  • Musk says DOGE should definitely examine Fed costs Edge
  • Trump says tariffs politically risky, but he’s not rushing deals Edge Star
  • Trump says he has potential deals with India, South Korea, Japan Star
  • Big price hikes undercut Trump bet China will absorb tariffs Edge Star
  • Trump barely defeats challenge to his tariff war in Senate Edge
  • US pending sales of existing homes increase by most since 2023 Edge
  • Texas becomes focus of US green hydrogen sector Star
  • Taiwan’s TSMC starts building third Arizona plant as US tariffs loom Edge
  • Amazon plans to build dozens of US warehouses in rural expansion Edge
  • Mercedes to make another model in US to counter tariffs Edge
  • Electronic Arts lays off hundreds, cancels Titanfall game Edge
  • US toymakers scramble to adjust to Trump tariffs Star
  • Canada’s GDP contracts by 0.2% in Feb Yahoo
  • US tariff fears hit UK factory exports in Apr NST
  • Ryanair threatens to cancel Boeing order if tariffs impact price Edge NST
  • Green power met 99% of Germany’s demand yesterday Edge
  • STMicroelectronics to cut 1k jobs in France, Italy talks ongoing Edge
  • US and Ukraine sign resources deal after fraught negotiations Edge
  • Airbus tells US airlines they will need to pay for own tariffs Edge
  • EU to present new trade proposals to US negotiators next week Edge
  • European consumers ready to drop US products Edge NST
  • US commodities to avoid strict checks under EU deforestation law Star
  • Eurozone economy grows quicker than forecast in 1Q Edge NST
  • Firms worldwide cut jobs and guidance as Trump tariffs cause chaos Edge
  • Global air passenger demand up 3.3% in Mar Edge Star
  • AI could boost global GDP by up to 15 percentage points by 2035 Edge

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