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KUALA LUMPUR: SP Setia Bhd, which is buying 1,674.83 acres in Penang for RM620.12mil, has issued Islamic medium-term notes (sukuk murabahah) of RM434mil to part finance the purchase.
KUALA LUMPUR: The Services Producer Price Index (SPPI) compiled by the Department of Statistics Malaysia shows that prices charged by the local services industry increased an average of 0.4% over the last quarter of 2017.
KUALA LUMPUR: Malaysia's services sector recorded strong revenue growth of RM399.70bil in the fourth quarter of 2017, according to the Statistics Department.
KUALA LUMPUR: Malaysia's inflation rate rose 4.4% in April from a year ago mainly due to the petrol price hike, the Statistics Department said.
KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its ratings on Berjaya Land Bhd’s (BLand) outstanding RM500mil Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Bhd (Danajamin) at AAA(fg) and RM150mil MTN Programme guaranteed by OCBC Bank (M) Bhd at AAA(bg), with stable outlook.