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KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is considering setting up a RM10bil (US$2.4bil) Islamic bond programme as it braces for electricity sector reforms.
KUALA LUMPUR: Fund buying of Petronas-linked stocks and Tenaga Nasional helped power the FBM KLCI out from the red at the close on Friday but the overall market sentiment was still mixed ahead of the weekend.
KUALA LUMPUR: Tenaga Nasional Bhd is considering setting up a RM10bil (US$2.4bil) Islamic bond programme as it braces for electricity sector reforms.
DUBAI: Saudi Arabia’s main airline said it is planning to sell as much as 5 billion riyals (US$1.3bil) of Islamic bonds in the second quarter to refinance loans and buy planes, becoming the latest issuer in the kingdom to tap debt markets for cash amid an oil slump.
THE business of exploring and building up oil and gas (O&G)-producing facilities is an expensive one. Such hefty capital expenditure (capex) bills made sense when you could sell the end product for a high price.
KUALA LUMPUR: Sime Darby Bhd, which has businesses ranging from plantations to automobile distributorships, may monetise its assets or place out shares to targeted groups in efforts to pare down debt of RM19.7bil, which has risen as a result of the acquisition of Port Moresby-based New Britain Palm Oil Ltd (NBPOL).