<div class=newsTextDataWrapInner><p>SINGAPORE (April 21): Singtel Group says its subsidiaries have entered into agreements for total credit facilities of approximately S$4.1 billion in Singapore and Australia, for general corporate purposes and refinancing of existing facilities.</p></div>

<div class=newsTextDataWrapInner><p>In Singapore, Singtel Group Treasury signed an agreement which is guaranteed by Singtel for a three-year S$2.5 billion committed revolving facility with 12 banks including OCBC, Standard Chartered, DBS and UOB.</p></div>

<div class=newsTextDataWrapInner><p>In Australia, Optus Finance, a subsidiary of Singtel’s wholly-owned subsidiary Singtel Optus, have signed a three-year A$1.5 billion (S$1.6 billion) committed revolving facility agreement with 15 banks involving the likes of Societe Generale, Westpac Banking Corporation.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The Australia facility is guaranteed by Optus and “certain of its subsidiaries”, adds the group in its aftermarket filing to the SGX on Friday.</p></div>

<div class=newsTextDataWrapInner><p>“The Singtel Group is very pleased with the level of support demonstrated by our bankers in Singapore and Australia, which reflects their confidence in the Singtel Group’s credit quality and business fundamentals,” comments chief financial officer, Lim Cheng Cheng, on behalf of the group.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Singtel closed 1 Singaporean cent lower at S$3.73 on Friday. &nbsp;</p></div>


SINGAPORE (April 21): Singtel Group says its subsidiaries have entered into agreements for total credit facilities of approximately S$4.1 billion in Singapore and Australia, for general corporate purposes and refinancing of existing facilities.

In Singapore, Singtel Group Treasury signe...

Singtel signs S$4.1 bil worth of credit agreements in Singapore & Australia

U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.

U Mobile to reduce foreign majority shareholdings to 20%

The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has managed to sell a mansion she owns in Singapore for S$51 million (US$38.5 million or RM168.45 million), despite a court-imposed freeze against some of the couple’s other assets.

Disgraced Three Arrows founder’s wife sells US$39m Singapore mansion

Chevron Corp indicated potential US job cuts as part of a new cost-cutting plan.

The US$3 billion (RM13.14 billion) in targeted “structural” cost savings will come from asset sales, the use of new technology and workflow changes, chief executive officer Mike Wirth said during an interview. Chevron recently opened up a US$1 billion innovation hub in Bengaluru, India, which is hiring workers for engineering and digital services.

Chevron flags possible job cuts in US$3b cost plan

Investors are bracing for a busy week packed with economic data, the third-quarter earnings season and, more importantly, the results of the US presidential election on Tuesday.

The Week Ahead: Attention on US presidential election, monetary policy decisions, economic data

A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve (Fed) offers more insight on the path of interest rates at its monetary policy meeting.

US election, Fed meeting loom in big week for markets

Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.

Nvidia to take Intel's spot on Dow Jones Industrial Average

Oil prices edged up on Friday on reports Iran was preparing a retaliatory strike on Israel from Iraq in coming days, but record US output weighed on prices.

Oil prices settle up slightly on Iran worries, but prices down for week

Global stock indexes climbed on Friday with Amazon.com shares rallying following the company's stronger-than-expected results, while 10-year treasury yields hit a four-month high as investors grew wary of buying bonds before the US presidential election on Tuesday.

Global stocks rise with Amazon; US yields up ahead of US election

Wall Street's major indexes ended higher on Friday, rebounding from the previous day's sell-off as Amazon's strong earnings countered a significant drop in US job growth in October.

Wall Street closes higher as Amazon's gains offset weak job growth

AMMB Holdings Bhd (KL:AMBANK) — better known as AmBank Group — has been busy putting into action a five-year strategic plan, in which delivering better returns to shareholders is one of its key goals.

AmBank off to a good start

<p>KUALA LUMPUR (Nov 1): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:</p>

<p><strong>Gamuda Bhd</strong> (KL:GAMUDA) has secured a RM451.4 million contract to build a data centre in Cyberjaya. The contract will cover the data centre’s ...

Gamuda, Parkwood, YNH Property, Rexit, Techna-X, RGT, Bumi Armada, Kimlun, Pintaras Jaya and MMAG

<p>AMMB Holdings Bhd (KL:AMBANK) — better known as AmBank Group — has been busy putting into action a five-year strategic plan, in which delivering better returns to shareholders is one of its key goals.</p>


<p>Plantation company Malpac Holdings Bhd (KL:MALPAC) has declared an interim dividend of 10 sen per share for the financial year ending June 30, 2025 (FY2025). The dividend payout will be paid on Dec 18 this year, the Main Market-listed said in a filing on Friday.</p>


Malpac resumes dividend payout at 10 sen for FY2025 after six-year absence as FY2024 profit hits decade-high

<p>Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm.</p>


<p>China will extend visa-free entry to citizens from nine additional countries, including South Korea, Norway and Finland, the foreign ministry said on Friday.</p>


China expands visa-free policy to nine more countries including South Korea

<p>The wife of Zhu Su, the co-founder of collapsed cryptocurrency hedge fund Three Arrows Capital, has managed to sell a mansion she owns in Singapore for S$51 million (US$38.5 million or RM168.45 million), despite a court-imposed freeze against some of the couple’s other assets.</p>


<p>Investors are bracing for a busy week packed with economic data, the third-quarter earnings season and, more importantly, the results of the <b>US presidential election</b> on Tuesday.</p>


<p>Federal Reserve policymakers look all but certain to reduce short-term borrowing costs by a modest quarter of a percentage point at their policy meeting next week, their confidence that the labour market is cooling but not crashing likely intact despite new data showing US employers added fewer workers in October than in any month since December 2020.</p>


Fed seen on track for 25-basis-point rate cuts next week and in December

<p>For many Ukrainians, the outcome of the US election next week and its impact on the war with Russia feels less likely to be pivotal than it once did.</p>

<p>Even with the Democrats' unprecedented military and financial aid, battlefield losses have accelerated in the east and Ukraine has grown impatient with President Joe Biden's reluctance to let it unleash Western weapons on targets deep inside Russia.</p>


In Ukraine, hopes of war breakthrough slim whoever wins US election

<p>False claims about voter fraud in Pennsylvania have raised concerns that Republican presidential candidate Donald Trump may once again seek to overturn the vote there or in other battleground states likely to determine the winner next Tuesday.</p>

<p>Opinion polls, both nationally and in the seven closely divided states, show Trump locked in a tight race with Democratic Vice President Kamala Harris with four days to go before Election Day.</p>


Trump's fraud claims revive fears he may again seek to overturn election results

<p>U Mobile Sdn Bhd, which has been selected to implement the country’s second 5G network, will reduce its foreign majority shareholding to 20% to ensure greater Malaysian control and invite participation from local investors.</p>


<p>A double dose of potentially market-moving events arrives in the coming week as Americans vote on their next president and the Federal Reserve (Fed) offers more insight on the path of interest rates at its monetary policy meeting.</p>


<p>Chevron Corp indicated potential US job cuts as part of a new cost-cutting plan.</p>

<p>The US$3 billion (RM13.14 billion) in targeted “structural” cost savings will come from asset sales, the use of new technology and workflow changes, chief executive officer Mike Wirth said during an interview. Chevron recently opened up a US$1 billion innovation hub in Bengaluru, India, which is hiring workers for engineering and digital services.</p>
