<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 25): Pesona Metro Holdings Bhd (KL:PESONA) has made a lodgement with the Securities Commission Malaysia (SC) for the establishment of a sukuk wakalah programme&nbsp;of up to RM185&nbsp;million, based on the shariah principle of 'Wakalah Bi Al-Istithmar'.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Thursday, the construction and trading group said its 70%-owned SEP Resources (M) Sdn Bhd made the lodgement with the SC on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>“The one-off issuance of the Asean Sustainability SRI Sukuk&nbsp;Wakalah&nbsp;shall have a tenure of up to 12&nbsp;years from the date of issuance,” Pesona Metro&nbsp;said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It also said that the issuance of the sukuk&nbsp;wakalah&nbsp;will comply with the SC’s Sustainable and Responsible Investment (SRI) Sukuk Framework under the Lodge and Launch Framework Guidelines.</p></div>

<div class=newsTextDataWrapInner><p>The Asean Sustainability SRI Sukuk&nbsp;Wakalah would be secured against a list of securities, including a corporate guarantee from&nbsp;Pan Malaysia Holdings Bhd (KL:PMHLDG), and has been accorded a preliminary long-term rating of AA1 (with a stable outlook) by RAM Rating Services Bhd.</p></div>

<div class=newsTextDataWrapInner><p>MIDF Amanah Investment Bank Bhd and Public Investment Bank Bhd are the joint principal advisers, lead arrangers and lead managers for the Asean Sustainability SRI Sukuk&nbsp;Wakalah.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Pesona Metro Holdings Bhd (KL:PESONA) has made a lodgement with the Securities Commission Malaysia (SC) for the establishment of a sukuk wakalah programme of up to RM185 million, based on the shariah principle of 'Wakalah Bi Al-Istithmar'.

Pesona Metro plans to establish RM185m sukuk wakalah programme

The Malaysian Communications and Multimedia Commission (MCMC) has assured that its directive to internet service providers (ISPs) to redirect domain name system (DNS) traffic using third-party DNS servers back to their servers will not affect, disrupt, or block users from accessing legitimate websites.

MCMC assures DNS redirection will safeguard access to legitimate websites

Kluang Umno Youth chief Syed Hussien Syed Abdullah has been picked as the Barisan Nasional (BN) candidate for the Mahkota state by-election on Sept 28.

Kluang Umno Youth chief Syed Hussien is BN candidate for Mahkota polls

Asia's most powerful storm this year made landfall in northern Vietnam on Saturday, the meteorological agency said, killing at least two people after tearing through China's island of Hainan, where it reportedly killed another two and injured dozens more.

Super Typhoon Yagi makes landfall in Vietnam after casualties in China

Communications Minister Fahmi Fadzil said the actions of social media providers in curbing criminal activities are still weak even though 21 discussions have been held between the ministry and all platforms so far.

Actions by social media providers to curb crime still weak, says Fahmi

Sultan of Perak Sultan Nazrin Shah has called for the restoration of humanity in finance, emphasising the importance of balancing economic growth with environmental stewardship and social inclusion.

Sultan Nazrin calls for restoration of humanity in finance

Indian education technology company Byju's auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju's said on Saturday.

Byju's auditor BDO resigns after start of bankruptcy proceedings, company says

Thailand’s newly appointed Prime Minister Paetongtarn Shinawatra vowed to push ahead with a controversial US$14 billion (RM60.67 billion) cash stimulus plan as her cabinet finalised a blueprint to free Southeast Asia’s second-largest economy from a prolonged period of low growth and chronic household debt.

New Thai PM to push ahead with cash stimulus to revive economy

His Majesty Sultan Ibrahim, King of Malaysia, on Saturday expressed his joy over improvements in the country’s economic situation and trade performance.

His Majesty hoped that the government would continue to work to stimulate the country’s economy to create more job opportunities and increase the income and living standards of the people.

King happy with country's economic, trade performance

Seven people were injured, with one hospitalised after a plane operated by Singapore Airlines Ltd’s budget carrier Scoot encountered turbulence during a flight from the city state to Guangzhou in China on Friday, the Straits Times reported on Saturday.

Seven injured on Singapore Airlines’ Scoot flight to China, says Straits Times

Boeing's Starliner spacecraft landed uncrewed in a New Mexico desert late on Friday, capping a three-month test mission hobbled by technical issues that forced the astronauts it had flown to the International Space Station to remain there until next year.

Without astronauts, Boeing's Starliner returns to Earth

<p>Sultan of Perak Sultan Nazrin Shah has called for the restoration of humanity in finance, emphasising the importance of balancing economic growth with environmental stewardship and social inclusion.</p>


<p>Indian education technology company Byju's auditor BDO Global has resigned after the startup did not provide documents requested following the start of insolvency proceedings, Byju's said on Saturday.</p>


<p>His Majesty Sultan Ibrahim, King of Malaysia, on Saturday expressed his joy over improvements in the country’s economic situation and trade performance.</p>

<p>His Majesty hoped that the government would continue to work to stimulate the country’s economy to create more job opportunities and increase the income and living standards of the people.</p>


<p>The Malaysian Communications and Multimedia Commission (MCMC) has assured that its directive to internet service providers (ISPs) to redirect domain name system (DNS) traffic using third-party DNS servers back to their servers will not affect, disrupt, or block users from accessing legitimate websites.</p>


<p>Thailand’s newly appointed Prime Minister Paetongtarn Shinawatra vowed to push ahead with a controversial US$14 billion (RM60.67 billion) cash stimulus plan as her cabinet finalised a blueprint to free Southeast Asia’s second-largest economy from a prolonged period of low growth and chronic household debt.</p>


<p>Asia's most powerful storm this year made landfall in northern Vietnam on Saturday, the meteorological agency said, killing at least two people after tearing through China's island of Hainan, where it reportedly killed another two and injured dozens more.</p>


<p>Kluang Umno Youth chief Syed Hussien Syed Abdullah has been picked as the Barisan Nasional (BN) candidate for the Mahkota state by-election on Sept 28.</p>


<p>Communications Minister Fahmi Fadzil said the actions of social media providers in curbing criminal activities are still weak even though 21 discussions have been held between the ministry and all platforms so far.</p>
