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PRASARANA Malaysia Bhd will start dishing out major work packages of the RM9bil light rail transit line three (LRT 3), most probably from the beginning of the second half of next year, following the appointment of the project delivery partner (PDP) for the development.
KUALA LUMPUR: The Malaysian government plans to roll out a new Shariah-compliant investment platform next year, aiming to broaden the traditional role of Islamic banks from credit provider to investment intermediary.
KUALA LUMPUR: PT Bank Internasional Indonesia (BII), a unit of Malaysia's Maybank, said on Friday that it will sell 1.8 trillion rupiah ($152.67mil) of bonds and sukuk on June 19 to fund domestic loans.
DUBAI: The Malaysia-based International Islamic Liquidity Management Corp has expanded its sukuk issuance programme by auctioning US$860mil (RM2.85bil) of three-month Islamic bonds at a yield of 0.56%.
KUALA LUMPUR: Malaysia's Malakoff Power Bhd will raise up to RM5.4bil through Islamic bonds to pay off an existing bond, the company said in a central bank filing on Wednesday.
KUALA LUMPUR: Malaysian bonds outperformed regional counterparts in May after Barisan Nasional under Prime Minister Datuk Seri Najib Tun Razak’s election victory removed the risk of a power shift, prompting analysts to maintain forecasts for appreciation in the ringgit this year.