<div class=newsTextDataWrapInner>KUALA LUMPUR (Sept 12): Public Bank Bhd (PBB) has obtained approval from Bank Negara Malaysia (BNM) for the establishment of a subordinated medium term notes (sub-notes) programme of up to RM20 billion in nominal value. 
 
In a filing with Bursa Malaysia on Tuesday, the third largest bank in the country in terms of total assets said the programme will have a tenure of 30 years from the date of the first issuance of the sub-notes. 
 
The sub-notes programme will provide PBB with the flexibility to issue sub-notes from time to time. 
 
The bank, via its subsidiary Public Investment Bank Bhd (PIVB), have lodged with the Securities Commission Malaysia (SC), the required information and relevant documents to establish the programme. 
 
The sub-notes will qualify as Tier 2 capital for the computation of the regulatory capital of PBB and PBB Group, in accordance with the Capital Adequacy Framework (Capital Components) issued by BNM. 
 
RAM Rating Services Bhd has assigned a long-term rating of AA1 to the sub-notes programme. 
 
PIVB has been appointed as the Principal Adviser/Lead Arranger/Lead Manager for the arrangement. 
 
PBB shares closed unchanged at RM4.24 on Tuesday, valuing the bank at RM81.91 billion.</div>
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KUALA LUMPUR (Sept 12): Public Bank Bhd (PBB) has obtained approval from Bank Negara Malaysia (BNM) for the establishment of a subordinated medium term notes (sub-notes) programme of up to RM20 billion in nominal value.

Public Bank establishes RM20 bil sub-notes programme

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Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

Light fantastic

KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.

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JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.

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KUALA LUMPUR (Dec 22): Prime Minister Datuk Seri Anwar Ibrahim stated that the Madani&nbsp;government has implemented strategic initiatives throughout 2024, to drive long-term prosperity for the people and the nation.

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KUALA LUMPUR (Dec 22): The Malaysia International Trade and Exhibition Centre (Mitec), owned by Malaysia External Trade Development Corporation (Matrade), has announced the signing of a memorandum of understanding (MOU) between Qube Integrated Malaysia Sdn Bhd and the Asia CEO Community.

(Dec 21):&nbsp;Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that&nbsp; she has removed her name from consideration to replace outgoing US&nbsp;Senator Marco Rubio.