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Business

Need for private bond guarantee market

PETALING JAYA: The idea for a private bond guarantee market has surfaced following good response from potential bond issuers to the newly set-up financial guarantee insurer (FGI), Danajamin Nasional Bhd.

Business

DAGS-i seen to guarantee RM500mil worth of loans

Credit Guarantee Corp Malaysia Bhd (CGC) expects its syariah-compliant Direct Access Guarantee Scheme-Islamic (DAGS-I>i/I>) to guarantee RM500mil worth of loans next year, said managing director Datuk Wan Azhar Wan Ahmad.

World

Spain to discuss change in Panama Canal project guarantee - sources

MADRID (Reuters) - A Spanish government working group will discuss changing the status of a state-backed guarantee given to builder Sacyr to secure a contract to widen the Panama Canal on Thursday, two sources with knowledge of the matter said.

Metro Biz

SMEs loan guarantee raised to RM1bil

CREDIT Guarantee Corporation Malaysia Bhd (CGC) and OCBC Al-Amin Bank Bhd (OCBC Al-Amin) have announced that they will be increasing the country’s first and only SME wholesale guarantee to RM1bil before the end of this year.

Business

CGC revises guarantee scheme to help SMEs

CREDIT Guarantee Corp Malaysia Bhd (CGC) has revised its Islamic Banking Guarantee Scheme (IBGS) to allow small-and medium-scale enterprises (SMEs) to obtain maximum financing of up to RM10mil.

Business

CGC to develop credit guarantee framework for SMEs in Rwanda

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) and the Business Development Fund (BDF) of Rwanda has signed a memorandum of understanding (MoU) to collaborate on the development of credit guarantee framework for small and medium enterprises (SMEs) in Rwanda.

Business

Danajamin sets achievable bond guarantee figure for next year

KUALA LUMPUR: Financial guarantee institution, Danajamin Nasional Bhd, is targeting to provide a further RM3bil in bond guarantees next year.

Business

Euro nations to guarantee bank refinancing

PARIS (AP) - Nations in Europe's single-currency zone have agreed to temporarily guarantee bank refinancing and pledged to prevent banks failing as part of a raft of emergency measures designed to ease the credit crunch.

Banking

CGC, OCBC Al-Amin Bank to raise SME wholesale guarantee to RM1b

KUALA LUMPUR: Credit Guarantee Corporation Malaysia Bhd (CGC) and OCBC Al-Amin Bank Bhd (OCBC Al-Amin) will increase the country’s first and only SME wholesale guarantee to RM1bil before year-end.

Nation

Najib signed guarantee letter for RM2bil loan to SRC, court told

KUALA LUMPUR (Bernama): The High Court here was told that Datuk Seri Najib Razak signed a government letter of guarantee (LOG) for SRC International Sdn Bhd on a RM2bil financing from Retirement Fund Incorporated (KWAP) for a period of 10 years.