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Nation

Duty-free shops upset with bank guarantee requirement

LANGKAWI: Duty-free shops here are unhappy with a new ruling by the Customs Department that requires them to deposit a bank guarantee for cigarette and liquor stocks in their premises.

Business

Danajamin, OCBC guarantee Berjaya Land’s RM650m debt notes

KUALA LUMPUR: Danajamin Nasional Bhd and OCBC Bank (Malaysia) Bhd (OCBC) will guarantee Berjaya Land Bhd’s (BLand) RM650mil 10-year medium term notes (MTN) programme.

Lifestyle

100% Guarantee campaign

Warner Music Malaysia is supporting Ryan Cabrera, a singer-songwriter from Dallas, by offering a 100% Guarantee campaign on his album.

Business

Credit Guarantee Corporation calls for Govt help for credit ratings of SMES

PETALING JAYA: Credit Guarantee Corporation (CGC) Malaysia Bhd hopes the government will introduce a mechanism in the upcoming 2012 Budget to subsidise the cost of Small and Medium Enterprises (SMEs) getting a credit rating.

Business

RM2b more for guarantee scheme

KUALA LUMPUR: The Government has topped up the Working Capital Guarantee Scheme (WCGS) by RM2bil due to overwhelming public response to the scheme.

Business

Danajamin: Short-term bank guarantee financing soon

PETALING JAYA: The Government's bond guarantee agency, Danajamin Nasional Bhd, expects to introduce bond guarantees with short term financing from banks to meet demand from companies in the first half of this year.

Nation

No more guarantee for maids

Some Indonesian agencies are no longer offering the three-month guarantee to replace runaway maids, a move that may result in Malaysian employers being forced to shell out a few thousand ringgit for another maid.

Business

Mortgage guarantee scheme proposed

Cagamas Bhd expects to propose a guarantee programme for mortgage assets in Malaysia by the end of the year.

Business

Duo guarantee Nurs sukuk

KUALA LUMPUR: Danajamin Nasional Bhd, Malaysias financial guarantee insurer, has formed a collaboration with Maybank Islamic Bhd to co-guarantee Nur Power Sdn Bhds RM650mil 15-year sukuk mudharabah facility (Islamic bond).

Business

Malaysia’s first Islamic portfolio guarantee (PG) scheme

KUALA LUMPUR: Standard Chartered Saadiq Bhd (Saadiq) and Credit Guarantee Corp Malaysia Bhd (CGC) have collaborated to launch Malaysia’s first Islamic portfolio guarantee (PG) scheme to provide financing to small and medium enterprises (SMEs) in the country.