<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 1): Affin Bank Bhd (KL:<a href="/askedge/klse/5185" class="ce-stock" target="_blank">AFFIN</a>) on Monday said the company and its wholly-owned unit Affin Hwang Investment Bank Bhd have established a commercial paper (CP) and medium-term notes (MTN) programmes, with a combined value of RM5 billion.</p></div>

<div class=newsTextDataWrapInner><p>“The programmes will give Affin and Affin Hwang an additional option to raise funds in the local bond market from time to time, to fund general banking working capital requirements and business purposes of both entities,” it said in a filing.</p></div>

<div class=newsTextDataWrapInner><p>Affin established the CP programme for up to RM3 billion, while Affin Hwang established both the CP and MTN programmes for up to RM2 billion — which have been lodged to the Securities Commission Malaysia on May 29.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>RAM Rating Services Bhd has assigned a short-term rating of P1 for the CP programme by Affin, while Affin Hwang’s CP and MTN programmes have been assigned with a short-term rating of P1 and a long-term rating of AA3.</p></div>

<div class=newsTextDataWrapInner><p>Affin Hwang is the principal adviser, lead arranger, lead manager and facility agent for the programmes.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;Shares of Affin finished unchanged at RM2.49 on Monday, giving the group a market capitalisation of RM5.95 billion. The counter has risen 19.71% since the beginning of this year.</p></div>


Affin Bank Bhd (KL:AFFIN) on Monday said the company and its wholly-owned unit Affin Hwang Investment Bank Bhd have established a commercial paper (CP) and medium-term notes (MTN) programmes, with a combined value of RM5 billion.

Affin Bank, Affin Hwang establish commercial papers and MTN programmes worth RM5b

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The Works Ministry (KKR) is projecting spending in the construction sector of RM200 billion, covering the government sector, government-linked companies (GLCs), government-linked investment companies (GLICs) and the private sector, next year.

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<p>&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>

<p>From Morgan Stanley to JPMorgan Chase, roughly a half dozen sell-side strategists, are now forecasting the world’s reserve currency will peak as early as mid next year before starting to decline, with Societe Generale seeing the ICE US Dollar Index falling 6% at the end of next year.&nbsp;</p>


<p>South Korea’s currency and its stock market will take center stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.</p>

<p>The Korean won will be the main focus for traders, after its heavy losses during the country’s&nbsp;recent political chaos.</p>


<p>Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>

<p>HSBC received about 950 reports of unauthorized transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million ($14.6 million), according to an Australian Securities and Investments Commission&nbsp;statement&nbsp;Monday.</p>


<p>What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.&nbsp;</p>

<p>The stock is down 35% this year, placing it among the 20 biggest decliners in the S&amp;P 500 Index.</p>


<p>The employment landscape in Malaysia has undergone a significant transformation. Companies are navigating a talent ecosystem that is influenced by digitalisation, flexible work arrangement (FWA) and a growing emphasis on the diversity, equity and inclusion (DEI) agenda.</p>


<p>In the pursuit of environmental, social and governance (ESG) best practices, it is easy to overlook gaps that are worthwhile addressing in creating a foundation for sustainability that is ultimately rewarding for an organisation.</p>
