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KUALA LUMPUR: RAM Ratings has upgraded UEM Group Bhd’s RM2.2 billion Islamic Medium-Term Notes (IMTN) Programme (2012/2042) from AA 2/Stable to AA 1/Stable, issued through funding vehicle United Growth Bhd.
Comprising RM200 million 2-year IMTNs and SGD90 million 3-year SGD EMTNs
KUALA LUMPUR (March 7): Global Vision Logistics (GVL) has announced the establishment of a maiden RM1.5 billion Asean green sustainable and responsible investment (SRI) sukuk programme, to fund the development of the Shah Alam International Logistics Hub (SAILH). The sukuk programme was established under the shariah principle of murabahah (via a tawarruq arrangement), and based on the Securities Commission Malaysia’s SRI sukuk framework and the Asean capital markets forum’s Asean green bond standards.
KUALA LUMPUR: Datuk Seri Najib Razak was acquitted by the High Court of a power abuse charge over the tampering of the 1Malaysia Development Bhd (1MDB) audit report after the High Court found no causal link between the amendments he had ordered and the alleged gratification.
KUALA LUMPUR: Cagamas Bhd has concluded the year with total funds raised of RM24.9bil, about 30% higher than in 2021 and the highest raised since 1999.