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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”.
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.
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.
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.
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.
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.