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PETALING JAYA: Bank Negara (pc) is not expected to follow its counterpart Bank Indonesia (BI) in raising the statutory reserve requirement (SRR) ratio, an instrument to manage liquidity in the banking system.
Long-dated MGS still preferred by investors
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.
RAM Rating Services Bhd (RAM Ratings) does not expect the insolvency filing by Genting Hong Kong Ltd’s shipbuilding subsidiary to directly affect the ratings of Genting Bhd and Genting Malaysia Bhd (GenM). This comes after the Hong Kong-listed cruise ship operator’s indirect wholly-owned German-based subsidiary MV Werften Holdings Ltd (MVWH) had filed for insolvency on Monday (Jan 10) at a local court in Germany as negotiations to rescue the company between the local governments and the company had failed.
PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) has issued a RM800mil sukuk issuance, an upsize from its initial target of RM500mil, from its RM5bil sukuk wakalah programme.