Page 7 - Services Bhd News Today

E&E and commodity-based products key drivers

KUALA LUMPUR: RHB Islamic Bank, a wholly-owned subsidiary of RHB Bank Bhd, today issued subordinated Sukuk Murabahah of RM250 million in nominal value.

RAM Rating Services Bhd (RAM Ratings) has cut its 2022 gross domestic product (GDP) growth forecast for Malaysia to 5.8% — from its projection of 6.8% made last December — citing slower global economic growth amid the Russia-Ukraine war, the drag on consumption demand from higher inflationary pressures, and lower overall output due to protracted labour shortages.

KUALA LUMPUR: Public Bank Bhd (PBB) today issued the eighth tranche of the subordinated medium term notes (Sub-Notes) programme amounting to RM2.0 billion.

Public Bank Bhd (PBB) on Thursday issued the eighth tranche of the subordinated medium term notes (Sub-Notes) programme amounting to RM2 billion. In a filing with Bursa Malaysia, it said the issuance has a coupon/interest rate of 3.93% per annum, and tenure of 10 years, and non-callable for five years.

PETALING JAYA: Pressure to raise taxes to improve the government’s fiscal position in the medium term may be inevitable, as corporate Malaysia faces depleting retirement savings.

KUALA LUMPUR: Malaysian banks have solid fundamentals and will continue to demonstrate resilience in 2022, said RAM Rating Services Bhd (RAM Ratings).

Measures needed to ensure economic sustainability

Theedgemarkets.com highlighted 14 stocks at Bursa Malaysia’s afternoon close on Monday (Feb 21). Ten indicated negative momentum, while four were positive.

The healthy demand for long-dated Malaysian bonds is expected to prevail despite the anticipation of weaker foreign fund inflows into the local market this year as the US Federal Reserve (Fed) looks to raise interest rates due to strong inflationary pressure.