KUALA LUMPUR, June 10 ― Bursa Malaysia ended the morning session marginally higher after trading in a range-bound mode, as investors’ risk appetite was capped by the rise in Covid-19 fatalities and daily infections in the country. At lunch break, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 1.17 points or 0.074 per cent to 1,582.65 from yesterday’s close of 1,581.48. The index opened 1.87 points better at 1,583.35 today. Market breadth was positive with gainers leading losers 445 to 419, while 450 counters were unchanged, 846 untraded, and 29 others… Read More
PUTRAJAYA – The Wang Amanah Negara (KWAN) or National Trust Fund can be used after its inception reaches 10 years. KWAN was established to ensure the optimum usage on the income from the stable natural resources of the country, for the interest of the country and the future generation. Under Section 6 of Act 339, the KWAN fund can be utilised after the 10 years period ends from the date of the inception of the act (1988), to pay for development projects under the First Schedule of the Development Funds Act 1966… Read More
MALAYSIA’S WORLD’S FIRST SOVEREIGN SUSTAINABILITY SUKUK OVERSUBSCRIBED BY 6.4 TIMES – UPSIZED FROM USD1 BILLION TO USD1.3 BILLION
✅ Oversubscription of Malaysia’s first global sukuk issuance since 2016 is a vote of confidence in country’s policies and strong economic fundamentals ✅ Due to overwhelming demand, the Malaysian Government upsized the initial target size of USD1.0 billion to USD1.3 billion ✅ Strong demand resulted in lowest ever yield and the lowest spread for a US-Dollar Sukuk issuance by Malaysia, demonstrating market confidence in Malaysia’s policies, economic recovery and growth prospects, despite a challenging 13 months due to COVID-19. The Malaysian Government successfully priced its world’s first sovereign U.S. Dollar Sustainability Sukuk… Read More
WASHINGTON (Reuters) – Honda Motor Co said on Tuesday it will recall about 761,000 vehicles worldwide to replace fuel pumps that could fail and lead to engine problems. The recall includes 628,000 U.S. vehicles and covers various 2018-2020 model year Acura and Honda vehicles. Honda has received no reports of crashes or injuries related to the issue. The recall covers some Accord, Civic, CR-V, Fit, Pilot, Ridgeline, MDX, RDX and TLX vehicles.