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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.

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 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 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.

Property 19 Jul 2018 | 5:59 AM

Fajarbaru’s Paragon secures RM300mil financing from Maybank

KUALA LUMPUR: Fajarbaru Builder Group Bhd, Beulah International and KHK Group, the developers behind luxury apartment project Paragon, have obtained funding facility from Malayan Banking Bhd (Maybank) amounting to about A$100mil (RM300mil).

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.