Capital markets news | Mon 7 Oct 2024
Debt and money markets
- Dynasty Harmony’s AA3 issue rating affirmed RAM
- Indonesian steel market woes complicate Krakatau’s restructuring Edge
- China’s cash funds lose billions in rush back to stock market Edge
- Berkshire sounds out market for yen bonds as yields slide Edge
- Sri Lanka greenlights controversial USD14.7b debt restructuring Mail
- Spirit Airlines talks to bondholders about potential bankruptcy filing Edge
- Pension funds rethink hedging tactics after UK crisis Edge
- Coinbase to delist non-compliant stablecoins in EU in Dec Edge
Mergers and acquisitions
- Dhaya Maju buys 57.52% of Pestech for RM160m Edge NST Star
- MMGlobal buys UGO Travel NST
- EG Industries buys 24% of Thai-based tyre maker for RM26m Edge
- IHH’s hospital acquisition in the spotlight Star
- Seven & I approaching buyers for retail, supermarkets units Edge
- Temasek in talks for minority stake in India’s biggest snack maker Edge
- China’s Tencent, founding Guillemot family in Ubisoft buyout Mail
Projects and business
- MMAG has no cash flow issues despite GN3 status Edge NST Star
- Techna-X aborts plan for 85-acre algae farm NST
- RM150m Miri Airport expansion to start next year Star
- Indonesia slams the door on Temu to protect local businesses Mail
- Casino operator Wynn gets UAE’s 1st gaming licence Edge Mail NST
- Italy’s Eni in talks with Japan on supplying LNG Edge
- Samsung starts mass production of SSD for AI computers Mail
- TotalEnergies considers foray into copper trading Edge
Economy and market news
- The importance of fiscal discipline Star
- Energy Ministry kicks off renewable energy certificates open bidding Edge
- Govt wants more local tech companies to expand their business in Malaysia Edge
- Malaysia’s semiconductor industry must diversify to sustain global position Edge
- 53% of E&E, semiconductor firms optimistic on 4Q business outlook Edge Star
- Perkeso targets 1m self-employed contributors by year-end NST
- Kenanga forecasts 3% OPR in Malaysia for 2025 Mail
- ECER locks in RM3.1b investments, eyes RM4.2b target for 2024 Mail Star
- IIB, KILSA to boost South Korean startups in Southeast Asia NST
- Higher wages is the solution Star
- NDI a more realistic approach in addressing poverty Star
- Consumers in China snap up Malaysian durians Edge
- Reversing the downward spiral in China’s economy Star
- Will AI boost growth in Asia? Star
- US job growth surges in Sep, unemployment rate falls to 4.1% Star
- IATA reports Aug revenue passenger kilometres up 8.6% Star
Legal and policies
- OCR sues Jetson over RM88m construction contract breach Edge
- Artroniq gets extension until Sep 2025 to hold AGM Star
- Parkson’s Singapore unit exits SGX watchlist after 5 years NST
- Singapore tightens anti-money laundering measures Star
- South Korea’s T’way Air fined USD1.48m for air safety violations Mail
- US port strike ends as both sides agree 62% pay hike Mail
- UK finance industry calls on govt to axe additional bank taxes Edge
- French PM Barnier confirms raising taxes for bigger companies Edge
- EU to impose tariffs up to 45% on Chinese electric vehicles Edge
- Chinese automakers should be allowed to avert tariffs by investing in EU Edge
- Hungarian PM warns of economic cold war with EU tariffs on China EVs Edge
- Mercedes-Benz fined USD7.3m for harassment, racial abuse in Brazil Mail
- Maersk expects ship regulator to approve global CO2 levy in 2025 Edge
