Scale down of PSI has no earnings impact on Gamuda, says Public Investment Bank
The PSI reclamation project, as indicated earlier by the government, will be slashed by 49% with the cancellation of Island B and Island C.
Pasdec appoints Liew as new CEO
Liew first joined the property development company in March 2019 as a special officer to the group managing director.
Almost half of 74,392 applicants qualify for MBSB Bank’s FSA2 loans amounting to RM722m
The Employees Provident Fund (EPF) said almost half or 34,643 of the 74,392 applications received under MBSB Bank’s Ihsan-i Account 2 Support Facility (FSA2) are qualified to obtain loans amounting to RM722 million.
MBSB first to announce Account 2 Support Facility for eligible EPF members
MBSB Bank Bhd appears to be the first to announce an Employees Provident Fund (EPF)-backed loan, or the Account 2 Support Facility (FSA2), for members aged between 40 and 55.
MARC assigns preliminary ratings of AIS(cg)/MARC-1IS(cg) to SkyWorld’s RM300m Islamic MTN programme
MARC Ratings has assigned preliminary ratings of AIS(cg)/MARC-1IS(cg) to SkyWorld Capital Bhd’s proposed RM300 million Islamic medium-term notes (MTN)/commercial papers programmes with a stable outlook.
Masteel invests some RM60m in capex to become first ultra-low carbon emission integrated mill
Masteel said it earned three out of four stars in the ESG Ratings among public listed companies in FBM EMAS, placing it within the top 26%-50% of PLCs assessed by FTSE Russell.
Fitch still expects OPR to be raised to 3.25% despite BNM’s surprise move to pause hike
Although Bank Negara Malaysia (BNM) unexpectedly kept interest rates on hold at its Jan 19 meeting, Fitch Solutions maintained its forecast that the overnight policy rate will be raised to 3.25% over the coming months.
Economists expect more OPR hikes up to 3.25% in 2023
Economists expect more overnight policy rate (OPR) hikes to combat inflationary pressures in 2023, with CGS-CIMB expecting two more 25-basis-point increases to 3.25% from 2.75% currently.
MARC Ratings affirms AA+ rating for Sime Darby Property’s RM4.5b sukuk
MARC Ratings has affirmed its rating of AA+ with a stable outlook for Sime Darby Property Bhd’s (SD Property) RM4.5 billion Islamic medium-term notes (IMTN) programme (Sukuk Musharakah). The outstanding under the rated programme stood at RM800 million as of Nov 30, 2022.
Samaiden partners with MVA in Cambodian venture
MVA has successfully completed the development of a 20MW ground-mounted solar pro, in which the project was awarded a power purchase agreement by the Electricite du Cambodge in Auambodge in August 2019.
