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Business 21 Sep 2004 | 12:00 AM

Backdoor listing likely for Mines Golf Resort

A BACKDOOR listing on Bursa Malaysia is in the offing for Mines Golf Resort Bhd (MGRB), the developer of the RM1.37bil Mines South Lake project.

World 13 Jan 2006 | 12:00 AM

More drugs, quicker funds promised at bird flu talks

TOKYO (Reuters) - Tamiflu maker Roche Pharmaceuticals said on Friday it was ready to donate more antiviral pills to Asia and aid organisations promised to speed the flow of funds to help the region battle bird flu.

Business 25 Dec 2008 | 12:00 AM

US Fed grants GMAC ability to seek bailout funds

WASHINGTON (AP) - The Federal Reserve bank gave an early Christmas present to General Motors' finance arm, allowing the ailing provider of auto loans to qualify for the government's $700 billion rescue fund.

Business 02 Apr 2010 | 12:00 AM

Maybank gets US$200mil JBIC loan

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has secured an additional US$200mil funding facility from the Japan Bank for International Cooperation (JBIC), bringing to US$400mil the total financing it has received from the Japanese bank to date.

Business 28 Dec 2010 | 12:00 AM

Maybank’s exposure to Vinashin still unclear

PETALING JAYA: It is unclear at this point how Malayan Banking Bhd (Maybank), which participated in state-owned Vietnam Shipbuilding Industry Group's (Vinashin) US$600mil eight-year funding facility three years ago, would be affected by the latter's failure to make the first loan repayment, which became due on Dec 20.

Business 30 Dec 2010 | 12:00 AM

Vinashin default may benefit Vietnam

PETALING JAYA: There may be a silver lining to the Vietnamese government's refusal to support troubled Vietnam Shipbuilding Industry Group (Vinashin), which has amassed debt of US$4.4bil and defaulted on an initial payment of US$60mil to a consortium of foreign creditors that funded the state-owned enterprise's US$600mil eight-year funding facility three years ago.

Business 02 Apr 2011 | 12:00 AM

Hefty Irish rescue plan

DUBLIN: Ireland put a 70 billion-euro price on protecting its banks from future shocks on Thursday and promised a radical overhaul of the sector, trying to persuade investors it has the nation's financial crisis under control.

Business 30 Mar 2012 | 12:00 AM

Maybank’s exposure to Vinashin loan default is small

PETALING JAYA: Malaysia’s largest banking group, Malayan Banking Bhd (Maybank), has clarified that its exposure to the US$600mil (RM1.84bil) unsecured funding facility on which Vietnam Shipbuilding Industry Group (Vinashin) has recently defaulted is minimal and insignificant.

Business 07 Jun 2012 | 12:00 AM

New Islamic funding facility may lure Gulf banks

SYDNEY: Bank Negara is introducing an Islamic overnight funding facility which could encourage commercial banks from the Gulf to trade more in the country’s syariah-compliant money market.

SME 27 Jan 2014 | 12:00 AM

Boost for bumi SMEs

SME Factors, a company that provides contract financing, has set aside RM250mil for a financing facility specifically for bumiputra entrepreneurs.