Capital markets news | Fri 18 Oct 2024
Equity and property markets
- Malaysia saw 36 IPOs up to Sep, highest since 2006 NST
- Boeing honing USD15b financing plan to weather crises Edge
- Robinhood to give traders access to futures, index options Edge
- Stock rotation lifts small caps to 3-year high Edge
- Central bank policies, geopolitics to impact global IPO market Edge Star
Mergers and acquisitions
Malaysian projects and business
- Petronas-Petros talks ongoing despite deadline passed Edge
- Varia bags RM572m Socso project in Terengganu Edge NST Star
- Salcon wins RM18.5m water reticulation contract Edge Star
- MAHB’s 3Q passenger movement up 10% to 36.1m Edge NST Star
- LKL JV to enter into Indonesia’s medical equipment market Edge Star
- SC Estate Builder to bid for Sabah LSS power plant projects Edge Star
- Petronas reached agreement on Guyana’s offshore O&G blocks Edge NST
- Khazanah’s market-value-based leverage at 30-35% Star
Malaysian economy and market news
- SC-Khazanah MOU helps MTC access capital markets Edge NST Star
- Mideast tensions could dampen foreign investments in Oct RAM
- AMRO projects 4.7% GDP growth for 2024, 4.9% for 2025 NST
- Bidders can apply for 190MW FiT quota from 15 Jan Edge
- Larger 2nd RE interconnection with Singapore needed Edge
- Need for diverse trading partners to explore new solar markets Edge NST
- 63% initiatives in AI roadmap 2021-2025 completed NST
- MDEC sees PPP key to driving Asean’s digital economy Edge NST
- 12 data centre projects worth RM90.2b greenlit from 2021 Edge Star
- More than 10k new jobs with industrial cluster development Edge NST Star
- 70% of Malaysians believe employee benefits insufficient Edge NST
- Egg subsidy removal saves govt RM1.2b annually Edge Star
- A slew of public infrastructure jobs likely Star
- Malaysia expected to sign FTA with UAE by year-end Star
Foreign projects and business
- Moody’s rates Temasek, PIF highest for credit metrics, liquidity Edge
- Indonesia forms USD1.2b battery venture with China’s CATL Edge
- Apple, China’s BYD worked on long-range EV batteries Edge
- Nokia cuts 2k jobs in China, 350 in Europe as part of cost cuts Edge Star
- McKinsey cuts hundreds of jobs in China business NST
- Blackstone deployed USD54b capital amid dealmaking revival in 3Q Edge
- Meta lays off employees at WhatsApp and Instagram Edge
- PPG to lay off 1,800 employees in US, Europe in cost-cut push Edge
- Sage Therapeutics to lay off over 165 employees Edge
Foreign economy and market news
- Singapore’s non-oil domestic exports up 2.7%, misses forecast Star
- Indonesia’s tourism still below pre-pandemic level Star
- Thai PM launches economic recovery programme Star
- Vietnam’s HCM City at heart of plans for financial hub Star
- Hong Kong unveils economic measures in 2024 policy address Mail
- Japan’s exports fall 1.7% in Sep, 1st time in 10 months Star
- Iron ore output edges up as glut concerns grow Star
- US retail sales increased 0.4% in Sep Edge
- USD23b pension vote overshadows Uruguay election Star
- Pressure on UK’s Reeves to tax the wealthy Star
- ECB cuts deposit rate by 25bps to 3.25% as forecast Star
- LNG tanker glut softens blow for consumers facing high gas prices Edge
