<div class=newsTextDataWrapInner>SINGAPORE (May 31): DBS has priced a S$15 million digital bond, the first security token offering (STO) on the DBS Digital Exchange (DDEx) which launched last December.</div>

<div class=newsTextDataWrapInner>The six-month digital bond has a coupon rate of 0.6% per annum, and was done through a private placement. DBS is the sole bookrunner for the transaction.</div>

<div class=newsTextDataWrapInner>According to DBS, the digital adheres to the current bond legal framework, thereby according investors the same legal certainties and<a href="https://www.theedgesingapore.com/news/cryptocurrency/dbs-issues-15-mil-digital-bond-first-security-token-offering-its-digital" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (May 31): DBS has priced a S$15 million digital bond, the first security token offering (STO) on the DBS Digital Exchange (DDEx) which launched last December.

The six-month digital bond has a coupon rate of 0.6% per annum, and was done through a private placement. DBS is the sole bookrunner for the transaction.

DBS issues S$15 mil digital bond in first security token offering on its digital exchange

Russian Foreign Minister Sergei Lavrov said on Tuesday that an attack on Russia's Bryansk region by Ukraine using US-supplied ATACMS missiles was a clear signal that the West wanted to escalate the Ukraine conflict.

Lavrov says Ukrainian attack on Russia with US missiles is a Western escalation

Wall Street's main indexes fell on Tuesday, as escalating tensions between Russia and Ukraine dented risk appetite globally and sent investors rushing for safe-haven assets.

Wall Street falls as mounting Russia-Ukraine tensions cause jitters

Chinese President Xi Jinping told German Chancellor Olaf Scholz on Tuesday he hopes Germany can help Europe and China resolve the issue of tariffs on Chinese electric vehicles (EVs) as soon as possible, state television CCTV reported.

Xi asks Germany's Scholz to help resolve issue of EU tariffs on Chinese EVs

Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, with people buying not just groceries but merchandise beyond essentials online and at stores, a sign that the retail giant may be gaining market share ahead of the holiday season.

Walmart raises annual forecasts again, signals holiday shopping surge beyond essentials

The world’s biggest coffee maker, Nestle SA, will continue raising prices and make packs smaller to limit the impact of higher bean prices on its bottom line.

Nestle will lift coffee prices, shrink bags as beans get pricier

Ukrainian forces carried out their first strike on a border region in Russia using Western-supplied missiles as President Vladimir Putin approved an updated nuclear doctrine expanding the conditions for using atomic weapons.

Ukraine carries out first strike with US missiles in Russia

Trafigura was accused by Swiss prosecutors of channelling bribes to an Angolan official through a network of former employees, including one nicknamed “Mr Non-Compliant” by the company’s late founder.

Trafigura paid bribes via ‘Mr Non-Compliant,’ say Swiss prosecutors 

IFCA MSC Bhd posted a sharp year-on-year increase in its third quarter net profit, driven by strong revenue growth and operational efficiencies.

Net profit for the quarter ended Sept 30, 2024 (3QFY2024) jumped to RM5.5 million, nine times the RM610,000 it made in 3QFY2023, on higher revenue contributions and improved cost management, its bourse filing showed.

IFCA MSC's 3Q profit surges on robust sales, announces plan to cap cash pile at RM70 mil

Comfort Gloves Bhd (KL:COMFORT) posted a wider net loss in the quarter ended Sept 30, 2024 (3QFY2024) on higher provisions for slow-moving inventory, write-downs and sizeable foreign exchange loss.

Comfort Gloves' 3Q net loss widens on higher provisions, forex loss

Eden Inc Bhd (KL:EDEN) has bagged a contract worth RM20 million from the Ministry of Health (MOH) for the provision of outsourced food services at the National Cancer Institute.

Eden bags RM20 mil contract to provide food services to National Cancer Institute

THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.

At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

Newly confirmed High Court judge Leong Wai Hong has recused himself from hearing 1Malaysia Development Bhd (1MDB) and 10 other companies' US$346 million (RM1.63 billion) suit against Datin Seri Rosmah Mansor and Singaporean Shabnam Naraindas Daswani.

Rosmah succeeds in recusing judge from hearing 1MDB suit against her and Singaporean

KUALA LUMPUR (Nov 19): The widow of Tun Daim Zainuddin on Tuesday insisted that the criminal charge against him go for a full trial, confident that he will be exonerated.

Daim’s widow wants trial against her husband to proceed to clear his name

The transformation of the Armed Forces Fund Board (LTAT) must begin immediately as a prolonged suspension of the pension fund's activities risks liquidation of its assets, according to a report by the Public Accounts Committee.

Parliament watchdog flags RM5b risk amid LTAT-Boustead restructuring halt, calls for immediate action

LAST Monday, Datasonic Group Bhd (KL:DSONIC) announced that it had bought 51% equity interest in Innov8tif Holdings Sdn Bhd for RM40 million in cash from Revenue Group Bhd (KL:REVENUE).

Innov8tif Holdings and its subsidiaries Innov8tif Solutions Sdn Bhd, Xendity Sdn Bhd and Innov8tif So...

The tale of Innov8tif and five public-listed companies

Malaysia has raised its December export tax for crude palm oil to 10% from 8% and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

Malaysia raises December crude palm oil export duty to 10%

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year high.

EM stocks rally; Manila, Bangkok up on rate-cut bets

KUALA LUMPUR (Nov 19): Home Minister Datuk Seri Saifuddin Nasution Ismail said on Tuesday that all immigration counters and automatic gate systems (autogates) at the Kuala Lumpur International Airport (KLIA), as well as at Bangunan Sultan Iskandar’s customs, immigration and quarantine (CIQ) complex in Johor Bahru, must remain open during peak hours to ease congestion.

All immigration counters, autogates at KLIA and Bangunan Sultan Iskandar to stay open during peak hours — home minister

Malaysia’s initial public offering (IPO) market continued to outperform its Southeast Asian peers so far this year, leading in terms of IPO count, funds raised and market capitalisation, according to Deloitte's latest report.

Malaysia's IPO market remains in the lead in Southeast Asia, with highest listings, funds raised, market cap — Deloitte

Two of the world’s biggest foreign holders of US government debt offloaded a pile of treasuries in the third quarter as they rallied before the presidential election.

Japan and China dump US treasuries before Trump’s victory

PUTRAJAYA (Nov 19): Imprisoned former prime minister Datuk Seri Najib Razak’s appeal of his RM1.9 million malfeasance in public office suit against former attorney general (AG) Tan Sri Tommy Thomas has been vacated yet again.

Another COA judge recuses herself, Najib’s appeal in suit against Tommy Thomas postponed

Hibiscus Petroleum Bhd’s (KL:HIBISCS) net profit fell 51% year-on-year (y-o-y) in its first financial quarter ended Sept 30, 2024 (1QFY2025), dragged down by planned shutdowns at four of its assets, lower oil and gas prices and the strengthening ringgit versus the US dollar in the quarter under review.

Lower selling price, volume, strong ringgit drag Hibiscus Petroleum's 1Q profit down by half

CelcomDigi Bhd’s (KL:CDB) short-term outlook may be subdued following an underwhelming third-quarter, though analysts are cautiously betting that earnings will accelerate in 2025.

CelcomDigi's short-term outlook tepid after underwhelming 3Q as analysts bet on 2025

KUALA LUMPUR (Nov 19): Malaysia’s exports rebounded in October this year, as growth in deliveries of electronics and palm oil offset sharp contraction in shipments of petroleum, official data on Tuesday showed.

Malaysia exports rebound in October on shipments of electronics, palm oil

Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract worth RM256.45 million for mechanical and electrical (M&amp;E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur. &nbsp;

Binastra bags RM256.45 mil M&E job for Exsim's data centre in Bukit Jalil

Lawyer for former prime minister Datuk Seri Najib Razak, Tan Sri Muhammad Shafee Abdullah, said he has a suspicion fugitive Low Taek Jho, or Jho Low, is currently residing in Myanmar under the protection of the military junta there.

Najib’s lawyer believes Jho Low is in Myanmar

Cape EMS Bhd (KL:CEB) booked its first quarterly loss since its listing in March 2023, with a net loss of RM18.95 million in the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net profit of RM15.21 million in the same quarter last year.

Cape EMS posts first quarterly loss since listing amid margin pressure

The Ministry of Health (MOH) will no longer award pharmaceutical procurement contracts to just one company, in order to ensure a secure and stable supply of medication in the country.

No more pharmaceutical procurement through just one company — health minister

The United States of America has elected Donald Trump as its 47th president, and the rest of the world can do nothing about it.

For one, the Americans will sort out their economic and political problems their way. The appointment by Trump of billionaire Elon Musk (who became his campaig...

My Say: Trump can make America great again in the eyes of the world if he becomes an honest peacemaker

KUALA LUMPUR (Nov 19): Bank Negara Malaysia (BNM), in collaboration with the Bank for International Settlements (BIS) and four other central banks, is advancing Project Nexus to enhance the efficiency of instant payment systems (IPS) for seamless cross-border transactions globally, with full operations expected by 2027.