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Business

Eco World makes lodgement for MTN programme

PETALING JAYA: Eco World Development Group Bhd, via its wholly owned subsidiary Eco Botanic Sdn Bhd, has made a lodgement to establish a medium-term note (MTN) programme of up to RM250mil in nominal value.

Business

Global Foreign Exchange Market

THE dollar tumbled to a three-year low of 89.391 (against a basket of major currencies) on Thursday, having lost 1.30% of its value over the week after US Treasury Secretary Steve Mnuchin said that a weaker dollar is favourable for the US as “it relates to trade and opportunities”.

Business

RAM Ratings expects better earnings for Mydin Holdings

KUALA LUMPUR: RAM Ratings foresees Mydin Mohamed Holdings Bhd reporting better earnings in the financial year ending March 31, 2018 after the disposals of mini markets and stores.

Corporate News

RAM Ratings reaffirms Great Realty debt notes, cautious on gearing

KUALA LUMPUR: RAM Ratings has reaffirmed the AAA(fg)/stable rating of Great Realty Sdn Bhd’s RM170mil medium-term notes (MTN) programme but was cautious about its debt level.

Business Premium

Deputy MDs have 15 months to prove mettle

A succession plan for the top seat in Khazanah may have been set in motion

Business

Khazanah names two deputy managing directors

PETALING JAYA: Khazanah Nasional Bhd has promoted two key executive directors as deputies to managing director Tan Sri Azman Mokhtar under a plan to groom internal candidates for the top job.

Corporate News

Khazanah Nasional appoints two deputy managing directors

KUALA LUMPUR: Khazanah Nasional has appointed Ahmad Zulqarnain Onn and Tengku Datuk Seri Azmil Zahruddin Raja Abdul Aziz as deputy managing directors with effect from Jan 1, 2018.

Business

The new sukuk way for efficient construction financing

A novel Islamic sukuk transaction, which is the first securitisation of progress billings and the first to involve affordable housing has achieved financial close recently.

Business

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Business

Danajamin and Skyworld in financing deal

KUALA LUMPUR: Danajamin Nasional Bhd is guaranteeing a credit enhancement facility for Tranche 1 of the 12-year RM600mil Sukuk Musharakah Islamic Medium-Term Note (IMTN) Programme to be issued by SkyWorld Capital Bhd, a sole-purpose vehicle wholly-owned by SkyWorld Development Sdn Bhd.