<div class=newsTextDataWrapInner>SINGAPORE (June 10): OCBC Bank has received the approval of bondholders to convert the interest rate benchmark for its £250 million (S$468.1 million) floating rate covered bonds from the GBP London Interbank Offered Rate (LIBOR) to Sterling Overnight Interest Rate Average (SONIA).</div>

<div class=newsTextDataWrapInner>The move, which is in line with the cessation of GBP LIBOR by the end of 2021 and the switch to SONIA, makes OCBC the first bank in Asia to do so.</div>

<div class=newsTextDataWrapInner>The step is a big one towards a smooth transition in Asia from LIBOR to risk-free rates that<a href="https://www.theedgesingapore.com/news/banking-finance/ocbc-bank-becomes-first-bank-asia-complete-transition-libor-sonia" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (June 10): OCBC Bank has received the approval of bondholders to convert the interest rate benchmark for its £250 million (S$468.1 million) floating rate covered bonds from the GBP London Interbank Offered Rate (LIBOR) to Sterling Overnight Interest Rate Average (SONIA).

OCBC Bank becomes first bank in Asia to complete transition from LIBOR to SONIA

KUALA LUMPUR (Dec 2): The dropout issue, the achievements of the Malaysian Education Blueprint 2015-2025 (Higher Education), and the services of automatic passport scanning machines at all national entry points will be topics to be discussed in the Dewan Rakyat on Monday.

Dropout issue, autogates at national entry points focus of Dewan Rakyat on Monday

CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it sees potential price-earnings (P/E) expansion going into 2025.

CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

KUALA LUMPUR (Dec 2): The MadanI Government’s determination and efforts to combat cybercrime in ensuring online safety take a significant step forward with the tabling of two related bills in the Dewan Rakyat on Monday.

Combating cybercrime, Madani Govt to table two bills in Parliament on Monday 

KUALA LUMPUR (Dec 2): Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd(1MDB)-Tanore trial.

1MDB-Tanore: Najib takes stand in his defence

KUALA LUMPUR (Dec 2): LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to posting quarterly earnings which were boosted by a one-off disposal gain.

LBS surges in early trade after disposal gain boosts earnings and special dividends

This will be a relatively quiet week, perhaps, except for the scheduled testimony of Datuk Seri Najib Razak in his 1Malaysia Development Bhd (1MDB) trial, without any major events in Malaysia. In the region, however, several countries will announce their third-quarter gross domestic product (GDP)...

The Week Ahead: Attention on Najib’s testimony, regional inflation and economic data

On the face of it, Nationgate Holdings Bhd (KL:NATGATE), which is an electronic manufacturing services (EMS) provider, registered a record profit in its latest quarterly results. However, closer scrutiny reveals that the Penang-based company’s profit was actually helped by unrealised foreign curr...

Frankly Speaking: Looking beyond Nationgate’s numbers

TOKYO (Dec 2): Japanese corporate spending on plant and equipment rose 8.1% year-on-year in the third quarter, the country's Ministry of Finance data showed on Monday, signalling that solid domestic demand was underpinning the country's fragile economic recovery.

Japan's stronger 3Q corporate capex points to solid domestic demand

Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday morning, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.

Press Metal jumps after 3Q surprise, boosted by aluminium prices

BHP Celebrates Landmark Victories, Leading Malaysia’s Branded Development Frontier

Quayside JBCC Sweeps 4 Top Design Awards!

Asian stocks are poised for cautious gains after US shares rose on Friday and as global markets enter a seasonally strong period. Developing nation assets will be in focus after further tariff threats from US President-elect Donald Trump.&nbsp;

Equity futures in Australia, Hong Kong and mainland China point to early gains when markets resume trading on Monday, while contracts in Japan were steady.

Asian stocks poised for gains after best US month

KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.

Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

KUALA LUMPUR (Dec 2): LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.

Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday morning, after the group's third-quarter results beat&nbsp;analysts' expectations last Friday, boosted by higher aluminium prices.

JPMorgan Chase &amp; Co&nbsp;is turning its back on a trend that’s been embraced by many of its Wall Street peers.

JPMorgan rejects transition-finance trend gripping Wall Street

Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market (EM) bonds witnessed under Joe Biden.

Stocks versus bonds dilemma hits EM investors as Trump returns

Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled&nbsp;Adani&nbsp;Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told Reuters on Sunday.

Bangladesh wants to renegotiate Adani power deal unless court cancels

Macau’s gaming revenue rose 14.9% in November, exceeding analysts’ expectations in a month that’s typically slow due to a lack of holidays.&nbsp;

Macau's gaming revenue up 14.9% in November, above estimates

CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;

KUALA LUMPUR (Dec 2): Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd(1MDB)-Tanore trial.

Bank Negara Malaysia has been urged to step in over excessive hikes in medical and health insurance premiums because of the persistent medical cost inflation over a number of years now.

In response to the public uproar, the central bank called for insurers and takaful players to be “mor...

Frankly Speaking: Holistic approach needed to address rising insurance premiums

KUALA LUMPUR (Dec 2): The MadanI Government’s determination and efforts to combat cybercrime in ensuring online safety take a significant step forward with the tabling of two related bills in the Dewan Rakyat on Monday.

This will be a relatively quiet week, perhaps, except for the scheduled testimony of Datuk Seri Najib Razak in his 1Malaysia Development Bhd (1MDB) trial, without any major events in Malaysia. In the region, however, several countries will announce their third-quarter gross domestic product (GDP)...

On the face of it, Nationgate Holdings Bhd (KL:NATGATE), which is an electronic manufacturing services (EMS) provider, registered a record profit in its latest quarterly results. However, closer scrutiny reveals that the Penang-based company’s profit was actually helped by unrealised foreign curr...

TOKYO (Dec 2): Japanese corporate spending on plant and equipment rose 8.1% year-on-year in the third quarter, the country's Ministry of Finance data showed on Monday, signalling that solid domestic demand was underpinning the country's fragile economic recovery.

Connoisseurs of modern designer furniture need no introduction to the Archibald, Poltrona Frau’s iconic collection of seatings designed by Jean-Marie Massaud

The A-List

（吉隆坡2日讯）林木生集团（LBS Bina Bhd）（KL:LBS）宣布派发特别股息，加上脱售资产获得一次性收益推高了季度净利，提振股价今早走高。

净利大涨兼派特别股息 林木生集团股价走高

BHP Celebrates Landmark Victories, Leading Malaysia’s Branded Development Frontier

KUALA LUMPUR (Dec 2): The dropout issue, the achievements of the Malaysian Education Blueprint 2015-2025 (Higher Education), and the services of automatic passport scanning machines at all national entry points will be topics to be discussed in the Dewan Rakyat on Monday.