<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 12):&nbsp;Khazanah Nasional Bhd’s special purpose vehicle Dua Capital Ltd has listed its US$1 billion (about RM4.13 billion) bonds on Bursa Malaysia Securities Berhad and&nbsp; Singapore Exchange Securities Trading Ltd.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing, the bonds comprise&nbsp;a five-year US$400 million in nominal value sukuk due 2026 and a 10-year US$600 million in nominal value sukuk due 2031.</p></div>

<div class=newsTextDataWrapInner><p>“The trust certificates will be listed and quoted on the Bonds Market with effect from 9am, Wednesday, May 12, 2021,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the bonds will be quoted and traded in US dollars.</p></div>

<div class=newsTextDataWrapInner><p>The lead managers and bookrunners of the bonds are CIMB Bank Bhd, Labuan Offshore Branch, DBS Bank Ltd, JP&nbsp;Morgan Securities plc, MUFG Securities EMEA plc, Oversea-Chinese Banking Corp Ltd (OCBC), KFH Capital Investment Company KSCC&nbsp;and Warba Bank KSCP.</p></div>

<div class=newsTextDataWrapInner><p>According to Khazanah's earlier statement, the bonds were launched at an initial price guidance of 125 basis points (bps) over the five-year US Treasury yield and 150bps over the 10-year US Treasury yield.</p></div>

<div class=newsTextDataWrapInner><p>The proceeds from the issuance will be utilised for general investments, refinancing of borrowings and working capital requirements of Khazanah, which are syariah-compliant, it said.</p></div>


Khazanah Nasional Bhd’s special purpose vehicle Dua Capital Ltd has listed its US$1 billion (about RM4.13 billion) bonds on Bursa Malaysia Securities Berhad and Singapore Exchange Securities Trading Ltd.

According to a bourse filing, the bonds comprise a five-year US$400 million in nominal value sukuk due 2026 and a 10-year US$600 million in nominal value sukuk due 2031.

Khazanah lists US$1b bonds on Bursa Malaysia and Singapore Exchange

TOKYO (Dec 12): Nearly three-quarters of Japanese companies expect Donald Trump's next term as U.S. president to have a negative impact on their business environment, citing planned tariff hikes and U.S.-China trade tensions as causes of concern, a Reuters survey showed.

Trump retu...

Most Japan firms expect Trump presidency to harm business environment, Reuters survey shows

Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon and Walmart's Flipkart, a legal filing shows.

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The Swiss National Bank cut its interest rate by 50 basis points on Thursday, the biggest reduction in almost 10 years as it sought to stay ahead of expected cuts by other central banks and cap the rise of the Swiss franc.

SNB cuts interest rate 50 basis points, biggest reduction in nearly a decade

A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven's parent company prompted a US$58 billion (RM257.4 billion) takeover offer from the Ito dynasty that built the retail giant.

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Axiata Group Bhd’s (KL:AXIATA) earnings quality will weaken if a merger in Indonesia goes through as the state-owned telecommunication company will be more reliant on higher-risk markets.

The merger between its 66.5%-owned PT XL Axiata and Smartfren Telecom would result in Axiata’s stake in the combined entity falling to under 35%, leading to more earnings volatility with dividends being discretionary that will fluctuate with cash flow needs, the ratings agency flagged in a note.

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A new risk for the yen is emerging, with currency strategists in Tokyo warning that there’s a chance the Bank of Japan (BOJ) may stand pat on interest rates until March or later.

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday

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Fitch Ratings has affirmed the insurer financial strength rating of Malaysian Reinsurance Bhd (Malaysian Re) at 'A', with a stable outlook, reflecting the company's "moderate" company profile and "very strong" capitalisation.

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KUALA LUMPUR (Dec 12): The Ministry of Rural and Regional Development (KKDW) expects PMB Investment Bhd’s funds to record a 7% to 15% return in 2025.

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Huawei Technologies Co’s electric-vehicle (EV) partner Seres Group Co is considering a second listing in Hong Kong, people familiar with the matter said, marking the latest such move by a mainland-listed company.

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<p>A Temasek Holdings Pte Ltd firm’s stake sale agreement values U Mobile Sdn Bhd at about RM7.5 billion (US$1.7 billion), according to people familiar with the matter, after the Malaysian phone company won a major 5G contract.</p>


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<p>Surging coffee bean prices arising from a global shortage is impacting companies across the industry, including Power Root Bhd (KL:PWROOT), which has been diversifying its supplier base and raw materials, and is now looking at planting some of the coffee beans it needs, to mitigate the price pressures.</p>


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<p>Shares of TMK Chemical Bhd (KL:TMK) rose 13% in their trading debut on Thursday, after the company's initial public offering (IPO) raised RM385 million on the back of strong investor&nbsp;demand.</p>


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<p>Former prime minister Tun Dr Mahathir Mohamad made the decision to drop Malaysia's challenge over Batu Puteh unilaterally, three of his former Cabinet members said on Thursday.</p>


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<p>Discussions on&nbsp;gas distribution&nbsp;in Sarawak between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) have been&nbsp;settled, and the government is currently fine-tuning the&nbsp;details, parameters&nbsp;and implications of the move.</p>


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<p>Elon Musk, whose wealth has been turbocharged since US President-elect Donald Trump’s win last month, became the first person to reach US$400 billion (RM1.77 trillion) in net worth, the latest milestone for the world’s richest individual.</p>


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<p>The two princes who allegedly made "donations" to Datuk Seri Najib Razak's personal accounts&nbsp;were directly linked to the&nbsp;late King Abdullah of Saudi Arabia, the court heard on Thursday. &nbsp;</p>


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<p>Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi remains acquitted in the foreign visa pass graft case.</p>

<p>Deputy public prosecutor (DPP) Datuk Yusaini Amer Abdul Karim informed a three-member bench, led by Datuk Che Mohd Ruzima Ghazali at the Court of Appeal, of the decision by the prosecution and attorney general to withdraw their appeal over a decision&nbsp;in 2022 to acquit Zahid.</p>


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<p>Food and beverage services cafe chain operator Oriental Kopi Holdings Bhd on Thursday signed an underwriting agreement with Alliance Islamic Bank Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.</p>


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<p>The Public Accounts Committee (PAC) has included investigations into Khazanah Nasional Bhd’s controversial deals in its schedule for next year.</p>


PAC to probe Khazanah's controversial deals early next year

<p>Kumpulan Kitacon Bhd (KL:KITACON) said on Thursday it had secured two building works contracts worth a total of RM203.9 million.</p>

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<p>KUALA LUMPUR (Dec 12): South Korean engineering firm Samsung E&amp;A said on Thursday that it has been awarded a contract to build a refinery in Malaysia to produce sustainable aviation fuel (SAF) and other biofuels.</p>


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<p>Astro Malaysia Holdings Bhd (KL:ASTRO) is still not out of the woods&nbsp;as weak revenue clouds its outlook, analysts said on Thursday while the pay-television operator’s stock hovered near record lows.</p>


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<p>Stocks nudged up on Thursday and the euro rose ahead of a European Central Bank monetary policy decision, while investor sentiment was supported by US consumer inflation data that cemented bets for a Federal Reserve interest rate cut next week.</p>


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<p>PUTRAJAYA (Dec 12): A three-member Court of Appeal bench has granted the Kedah state government and its Menteri Besar Datuk Sanusi Md Nor an extension of time until Monday (Dec 16) for them to amend their memorandum of appeal, to consolidate all six of their appeals over the Alor Setar High Court’s decision in June to lift the state’s ban on lottery outlets.</p>


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<p>Malaysians under the age of 55 have withdrawn a total of RM11.6 billion from Account 3, also known as the Flexible Account,&nbsp;following the Employees Provident Fund (EPF) account restructuring in May.</p>


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<p>KUALA LUMPUR (Dec 12): Malaysia&nbsp;launched on Thursday a national artificial intelligence (AI) office aimed at shaping policies and addressing regulatory issues, as it looks to establish itself as a regional hub for AI development.</p>


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<p>Citi sees potential in Southeast Asia (SEA), where client activity at the bank is up double digits across its Asean trade corridors with other markets, <em>The</em> <em>Business Times</em>&nbsp;reported&nbsp;on Thursday, citing Jason Rekate, a co-head of corporate banking at the US bank.</p>


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<p>WASHINGTON (Dec 11): US&nbsp;President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, <em>CBS News</em> reported on Wednesday, citing multiple sources.</p>

<p>The invitation to the Jan&nbsp;20 inauguration in Washington occurred in early Nove...

Trump invites China’s Xi to attend inauguration, CBS News reports

<p>KUALA LUMPUR (Dec 12): Analysts have maintained their outlook on Axiata Group Bhd (KL:AXIATA) following the recent merger between XL Axiata and Smartfren Telecom, suggesting that potential benefits may take time to materialise.</p>
