Malaysia’s bond market continued to see net positive foreign inflows in December for the eighth consecutive month, despite Fitch's downgrade of Malaysia’s sovereign credit rating amid the Covid-19 pandemic, said Malaysian Rating Corp Bhd (MARC).
Bank Negara Malaysia (BNM) announced today former Malaysian Rating Corp Bhd (MARC) chief economist Nor Zahidi Alias’ appointment as the central bank’s monetary policy committee’s external member to help formulate the country's monetary policies.
BNM appoints MARC chief economist as monetary policy committee member theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
George Kent (Malaysia) Bhd said it will use the proceeds from its latest sukuk wakalah programmes to finance investments, capital expenditure and working capital requirements. The proceeds from the Islamic Commercial Papers (ICP) programme of up to RM100 million and Islamic Medium-Term Notes (IMTN) programme of up to RM500 million will also go towards refinancing existing borrowings and financings, including the refinancing of future Islamic financings, the group said
KUALA LUMPUR (Jan 13): Based on corporate announcements and news flow today, stocks that may be in focus tomorrow (Jan 14) include: Eco World Development Group Bhd, UEM Sunrise Bhd, George Kent (Malaysia) Bhd, Chin Hin Group Property Bhd, WCT Holdings Bhd, Greatech Technology Bhd, HeiTech Padu Bhd, Aeon Credit Service (M) Bhd, Dayang Enterprise Holdings Bhd, Landmarks Bhd, Petronas Dagangan Bhd, Maxis Bhd, Genting Malaysia Bhd, AE Multi Holdings Bhd, PNE PCB Bhd and Wintoni Group Bhd.
Eco World Development Group Bhd (EcoWorld) said the property developer’s board has decided not to pursue the proposed merger with rival
UEM Sunrise Bhd following careful evaluation of the merger alongside EcoWorld’s own business plans and the current challenging environment with the re-implementation of the Movement Control Order (MCO). EcoWorld said that since the last announcement on Dec 30, 2020 regarding the proposed merger, the parties involved had been engaged in discussions with a view tow