Capital markets news | Thu 16 May 2024
Equity
Debt
- RHB Islamic Bank issued RM500m subordinated sukuk murabahah Star
- Paramount’s sustainability-linked financing framework assigned gold MARC NST Star
- Foreign holdings of Malaysian govt bonds could rise 71%, worth RM170b Edge Mail
- Malaysian govt bond yield curve could steepen in short term Edge
- BNP no longer doing bond deals for oil and gas Star
Mergers and acquisitions
- Ewein to acquire rackform company for RM32m Edge Star
- Khazanah, EPF consortium offer to privatise MAHB at RM11 Edge Mail NST Star
- Eupe Corp buys RM69m plot in KL for residential high-rise Edge Star
- Real estate billionaire Frank McCourt to bid for US TikTok Edge
- Axiata, Sinar Mas sign agreement on merger of Indonesian units Edge NST Star
- Blackstone, GIC and others sell GBP1.6b of London Stock Exchange Edge
- Consortium makes top bid for Holland Drive site Star
- CDL buys Hilton Paris hotel for USD260m Star
Projects and business
- LFE bags 2 contracts worth RM16.7m for Penang hotel project Edge Star
- Straits Energy JVs with HK firm for cloud technology Edge NST Star
- KPMG disclaims opinion on KNM’s financial statements Edge
- Mitrajaya clinches RM174m hospital project in Shah Alam Edge Star
- Sarawak to build new international airport in Kuching Edge
- NCT Group signs JDA for 127 acres at Delapan SBEZ in Kedah Edge NST Star
- InvestSarawak, Marubeni sign MOU on sustainable aviation fuel Edge Mail NST
- US firm Panduit unveils manufacturing facility in Johor Bahru Edge
- AsiaMedic, Sunway establish new Singapore diagnostic imaging centre Edge
Economy and market news
- Malaysia needs broad-based progressive wage policy to realise potential RAM
- Malaysia’s 1Q2024 property transactions up 34.3% to RM56.53b Edge Star
- US consumer price index down 0.1pp to 3.4% in Apr Mail
- US Fed chair says confidence in lower inflation has shrunk Mail
- US Treasury Secretary says that tariffs won’t cause inflation Star
- Overdue bills rising with US debt delinquencies Star
- German economy expected to grow 0.2% in 2024 Mail
- China’s central bank leaves key policy rate unchanged Star
Legal and policies
- GIIB’s ex-CEO Tai Boon Wee charged with forging financial report Edge
- Asian solar imports are subject of new US Commerce probe Edge
- US power developer warns new trade probe imperils solar push Edge
- United States tariff hike will benefit Malaysia Star
- US tariff hike on Chinese gloves good for Malaysian glove makers Edge Star
- Biden’s new China tariff wall faces leakages Star
- ECB says use of AI in finance needs new rules Edge
