Capital markets news | Tue 5 Mar 2024
Capital markets news | Tue 5 Mar 2024
Equity
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Foreign investors sold RM503.1m net of local equities last week NST Mail Star Edge
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Significant increase in grants for startups in 2023 Mail
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Goldman Sachs wealth management CIO warns against investing in China Edge
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Hedge funds bet on US real estate rebound Edge
Debt
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GLICs to manage RM1b Bumiputera entrepreneurs allocation NST
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Short-term interbank rates close steady on BNM operations Mail
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Encouraging loan growth of 4%-5.8% likely Star
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As bond bears grumble, investors snap up debt Star
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Nuclear debt passes early investor test in Canada with clean tie-ups Star
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Adani storms back into bond market with a USD409m sale Edge
Mergers and acquisitions
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Deleum to undertake due diligence for Indonesian acquisition Star Edge
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JAG’s offer for KUB Malaysia turns unconditional Edge
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Five shortlisted buyers for UEM’s Cement Industries of Malaysia Edge
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Khazanah, EPF and GIP forming consortium to run MAHB Edge
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TPG, Hong Leong and TE Asia hospitals being consolidated Edge
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Investor group raises bid for US retailer Macy’s to USD6.6b Mail
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Nippon Steel to meet USW to seek support for US Steel deal Edge
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JetBlue abandons US$3.8b offer for Spirit Airlines Edge
Projects and business
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Berjaya Land breaks ground on USD1.12b Four Seasons Okinawa NST Star Edge
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Iskandar Waterfront unveils RM4.3b master development plan Star Edge
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China-based GDS Holdings set to expand business in Johor Mail Star Edge
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SMRT subsidiary wins ATM infrastructure job in Philippines Star Edge
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Egypt to privatise airport operation Mail
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Toyota to announce USD2b Brazil investment this month Edge
Economy and market news
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Malaysia can become a global leader in Islamic finance and takaful NST
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Ringgit improves against US dollar ahead of OPR announcement Mail Star
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Turkiye’s inflation rises to 67.1% in February Mail
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Chinese market vital for US companies seeking global competitiveness Mail
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Some Opec+ members agree to extend voluntary cuts to Q2 Mail Star
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Hong Kong manages money only for the very rich Star
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Singapore private banks gear up staff for higher demand Star
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Ho Chi Minh City pushed to adopt carbon credit market Star
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Global semicon sales rose 15.2% y-o-y in January to USD47.6b Edge
Legal and policies
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Handal gets extension until Dec 2024 to hold AGM Star
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Nylex gets extension until end-Jul to submit regularisation plan Edge
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Apple will appeal USD2b EU antitrust fine in Spotify case Mail Edge
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EU can’t close borders to solar imports Mail
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UK finance minister dampens down hopes of tax cuts Mail
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Proposed VAT law amendments stir much debate in Vietnam Star
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Byju’s hedge fund ally faces jail time over missing USD533m Edge
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Thailand weighs law change to target illegal short sellers Edge