<div class=newsTextDataWrapInner><p>This article first appeared in<em> The Edge Financial Daily,</em> on July 1, 2016.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>



<div class=newsTextDataWrapInner><p>KUALA LUMPUR: London Biscuits Bhd has established an unrated seven-year medium-term notes (MTN) programme of RM100 million in nominal value to raise funds to refinance its bank borrowings.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, London Biscuits said the required documents and information in relation to the MTN programme has been lodged with the Securities Commission Malaysia yesterday.</p></div>

<div class=newsTextDataWrapInner><p>“The proceeds raised from the MTN programme are to be utilised for refinancing existing bank borrowings, and to finance capital expenditure and to finance working capital requirements,” its filing read.</p></div>

<div class=newsTextDataWrapInner><p>London Biscuits also plans to use the money raised to fund the maintenance of its existing plant and machinery, as well as other general corporate purposes.</p></div>

<div class=newsTextDataWrapInner><p>It has appointed Alliance Investment Bank Bhd as its principal adviser for the MTN programme.</p></div>

<div class=newsTextDataWrapInner><p>Its share price rose half sen or 0.67% to close at 75 sen yesterday for a market capitalisation of RM139.9 million.</p></div>


This article first appeared in The Edge Financial Daily, on July 1, 2016.

 



KUALA LUMPUR: London Biscuits Bhd has established an unrated seven-year medium-term notes (MTN) programme of RM100 million in nominal value to raise funds to refinance its bank borrow...

London Biscuits to raise up to RM100m via 7-year MTN

AirAsia has become the first international airline to operate commercial flights to Port Blair (Sri Vijaya Puram) in India's Andaman and Nicobar Islands.

AirAsia lands in Port Blair in the Andamans

Inmates placed under the house arrest will wear monitoring devices to track their locations after the Bill is passed in Parliament, Home Minister Datuk Seri Saifuddin Nasution Ismail.

Inmates will be required to wear tracking devices under proposed house arrest law, says Saifuddin

Tropicana Corporation Bhd (KL:TROP) has previewed the Skypark Kepler branded residence at Hilton Orchard, Singapore on Saturday. The branded serviced residence is the first phase of Tropicana’s 163-acre Lido Waterfront Boulevard mixed-use development in Johor.

Tropicana previews Skypark Kepler branded residence, Johor in Singapore

The investigation involving FashionValet Sdn Bhd founding couple over the investment loss of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.

FashionValet probe expected to be completed in two weeks, says Azam Baki

The Philippines evacuated tens of thousands of people from their homes and cancelled dozens of flights on Saturday, as a super typhoon threatened to unleash heavy rains and powerful winds that could trigger floods and storm surges.

Philippines evacuates tens of thousands as super typhoon Man-Yi nears

The Bandar Teknologi Maju Perlis project in Chuping, set to begin next year, is expected to create around 2,000 direct job opportunities in technology fields.

Bandar Teknologi Maju Perlis to offer over 2,000 jobs in technology fields, says Fahmi

China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.

China’s dream of ‘powerful currency’ runs into Trump’s return

Seven flood mitigation projects (RTB) are currently underway in Melaka, involving a total allocation of RM1.006 billion, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Seven flood mitigation projects worth RM1b underway in Melaka

SHANGHAI (Nov 16): China is willing to be partners and friends with the US, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies.

China has no plan to surpass or replace the US, Xie Feng said in a speech in Hong Kong on Friday, ...

China willing to be partners, friends with US, Chinese envoy says

Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his US$36 billion (RM161.06 billion) firm and cost its lenders more than US$10 billion, federal prosecutors said on Friday.

Archegos founder Bill Hwang deserves 21 years in prison, US says

<p>Over the past two weeks, oil and gas (O&amp;G) players publicly traded on Bursa Malaysia have been announcing awards from Petronas and its production sharing contract partners, for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services.</p>


O&G jobs coming in, more expected

<p>Wall Street's main indexes closed lower on Friday, with the S&amp;P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns about slower interest-rate cuts and as investors reacted to cabinet picks by US President-elect Donald Trump.</p>


Wall Street sinks on Powell rate-cut caution, Trump cabinet picks

<p>The key focus at home this week is the <b>October trade and inflation data</b>, expected to be released aby the Department of Statistics Malaysia on Nov 19 and 22 respectively.</p>


The Week Ahead: October inflation and trade data, G20 summit and flash PMI post-US election in focus

<p>Strong US economic and inflation data continue to reshape the debate among Federal Reserve (Fed) policymakers over the pace and extent of interest rate cuts as investors on Friday further downgraded their expectations for a rate reduction at the central bank's December meeting.</p>


Strong US data feeds doubts about Fed December rate cut

<p>Sarawak is well-positioned to benefit from the global transition towards making hydrogen as a key fuel, with a legal framework in place to manage its environment while optimising the economic value of its natural resources.</p>


Abang Johari: Sarawak well-placed to leverage on global transition to hydrogen

<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


Anwar: Malaysia never recognised Israel, steadfast in support of Palestine

<p>Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his US$36 billion (RM161.06 billion) firm and cost its lenders more than US$10 billion, federal prosecutors said on Friday.</p>


<p>China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.</p>


<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


Nvidia results in focus as stock market's election boost stalls

<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


MCMC, MPOB join forces to advance future technology initiatives in palm oil industry

<p>Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (Matrade).</p>


RM1.24b potential exports to Peru generated — Anwar

<p>The investigation involving FashionValet Sdn Bhd founding couple over the investment loss of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.</p>


<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

After the Storm: Israel and Iran Are Likely to Escalate

<p>China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles (EVs), according to a posting on a Weibo account affiliated with the state-run <em>China Central Television</em> (<em>CCTV</em>).</p>


China, EU reach ‘technical consensus’ in EV talks — report

<p>A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.</p>


EV companies, battery makers urge Trump not to kill vehicle tax credits

<p>The Bandar Teknologi Maju Perlis project in Chuping, set to begin next year, is expected to create around 2,000 direct job opportunities in technology fields.</p>


<p>Tropicana Corporation Bhd (KL:TROP) has previewed the Skypark Kepler branded residence at Hilton Orchard, Singapore on Saturday. The branded serviced residence is the first phase of Tropicana’s 163-acre Lido Waterfront Boulevard mixed-use development in Johor.</p>


<p>Malaysia and the Republic of Guinea should intensify their engagement, particularly in market access and technical assistance, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.</p>


Malaysia, Guinea should enhance engagement in technical assistance, says Liew

<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>


Musk's political ascendancy stirs hopes of redemption for X banks

<p>Seven flood mitigation projects (RTB) are currently underway in Melaka, involving a total allocation of RM1.006 billion, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>
