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Business

Moody’s assigns A1 rating to Petronas Capital’s proposed US$15bil sukuk

KUALA LUMPUR: Moody’s Investors Service has assigned a provisional (P)A1 rating to the proposed US$15bil (RM54.79bil) medium-term note (MTN) programme to be issued by Petronas Capital Ltd. It will be guaranteed by Petroliam Nasional Bhd (Petronas).

World

King Salman pledges to maintain stability, create jobs

RIYADH (Reuters) - Saudi Arabia's King Salman said he would fight corruption, diversify the economy and confront anybody who challenged the stability of the world's top oil exporter in his first big speech since taking power on Jan. 23.

Business

Public Bank: Succession plan ongoing

KUALA LUMPUR: Public Bank Bhd, the country’s second most expensive bank in terms of market value after Malayan Banking Bhd, is in no hurry to name younger candidates to its aging board. In the meantime, the bank will keep to markets where it already has a presence and focus on organic expansion to sustain future earnings growth.

World

Pakistan sends 747 jumbo jets to evacuate distraught nationals from Yemen

PESHAWAR (Reuters) - Pakistan, which has yet to decide whether to offer military support to a Saudi-led campaign in Yemen, is flying jumbo jets to the Middle Eastern country to evacuate hundreds of nationals, a Defence Ministry official said on Sunday.

Business

Petronas’ proposed sukuk opportunistic, says S&P

PETALING JAYA: Petroliam Nasional Bhd’s (Petronas) proposal to raise debt through a sukuk issue – one of the biggest this year – is deemed “opportunistic”, says Standard & Poor’s Rating Services (S&P).

Forex

Govt has no plan to peg ringgit

KUALA LUMPUR: The government has no plan to peg the ringgit against the US dollar to address its depreciation, Deputy Finance Minister Datuk Chua Tee Yong said.

Nation

Sultan: Maintain terms of water deal

SHAH ALAM: The Sultan of Selangor Sultan Sharafuddin Idris Shah wants the restructuring agreement for water industry services in the state to be finalised immediately accor­ding to the main agreement signed by the state and federal governments on Sept 12, 2014.

Nation

MCA’s focus is to enhance national unity, says Wee

SEREMBAN: Enhancing national unity will continue to top MCA’s agenda as the party restrategises efforts to regain public support, says deputy president Datuk Dr Wee Ka Siong.

Business

KLCI closes at 3 week high on IHH, banks

KUALA LUMPUR: Malaysia’s blue chips index closed at a three-week high of 1,819 on Wednesday, supported by gains in IHH Healthcare and banks as market sentiment continued to strengthen on foreign buying.

Nation

No plans to peg ringgit, says Chua

KUALA LUMPUR: There are no plans by the Government to peg the Ringgit to the US dollar, similar to what was done during the global financial crisis in 1997, said Deputy Finance Minister Datuk Chua Tee Yong.