Page 4 - Services Bhd News Today

KUALA LUMPUR: Malaysian banks are well positioned to face potential asset quality deterioration arising from inflationary pressures, higher interest rates and the threat of slower global growth, said RAM Rating Services Bhd (RAM Ratings).

KUALA LUMPUR: Foreign investors remained net purchasers of Malaysian  Government Securities (MGS) and Government Investment Issues (GII) for the fourth straight month in February, generating an inflow of RM5 billion, almost double the RM2.7 billion in January.

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) sees no rating impact on Malaysian banks from the failure of the United States Silicon Valley Bank (SVB) and two other smaller banks last week.

KUALA LUMPUR, Feb 25 — Malaysia should be able to pursue higher economic growth going forward if the government can sustain discipline to ease its fiscal constraints, according...

KUALA LUMPUR, Feb 21 — Foreign investors remained as net buyers of the Malaysian Government Securities (MGS) and Government Investment Issues (GII) for the third consecutive...

Bursa Malaysia was slightly higher in early trade on Wednesday (Feb 8), as bargain-hunting emerged following Tuesday's sell-off, a dealer said. At 9.15am, the benchmark FBM KLCI had risen by two points to 1,478.38, from Tuesday's close at 1,476.38.

PETALING JAYA: Although economic experts are forecasting the gross domestic product (GDP) to grow by a decent 4% to 5.5% this year, they say global headwinds could potentially suppress corporate Malaysia’s economy.

RAM Rating Services Bhd has upgraded and reaffirmed the credit quality of three listed entities of YTL Group on the back of improved earnings and dividend paying capabilities, along with a proven operating track record.

Malaysia’s cost of borrowing increased for the fourth time this year as Bank Negara Malaysia (BNM) hiked the Overnight Rate Policy (OPR) by another 25 basis points to 2.75% at the sixth and final Monetary Policy Meeting (MPC) for 2022. Though the hike was widely anticipated by the market, the central bank is far from done and remains keen to rein in inflation by continuing to increase OPR next year until it reaches a neutral rate of 3.25%-5%.

United Overseas Bank (Malaysia) Bhd has successfully priced RM1 billion of Tier 2 subordinated medium-term notes (MTN) due in October 2032.