<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 6): AMMB Holdings Bhd's (KL:<a href="/askedge/klse/1015" class="ce-stock" target="_blank">AMBANK</a>) wholly-owned subsidiaries, AmBank (M) Bhd and AmBank Islamic Bhd, have set up debt programmes to raise up to RM7 billion to finance their working capital, among others.</p></div>

<div class=newsTextDataWrapInner><p>The units have lodged a Commercial Papers Programme and an Islamic Commercial Papers (ICP) programme with the Securities Commission Malaysia. The first has a nominal value of RM4 billion, while the second has one of RM3 billion.</p></div>

<div class=newsTextDataWrapInner><p>“The programmes will give AmBank and AmBank Islamic an additional option to raise funds from time to time to finance working capital, general banking or other corporate requirements,” said the bank in a bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The programmes have been assigned short-term ratings of P1 by RAM Rating Services Bhd.</p></div>

<div class=newsTextDataWrapInner><p>AMMB’s investment banking arm, AmInvestment Bank Bhd, served as the principal adviser, lead arranger, lead manager, and facility agent for the programmes, while AmBank Islamic is the shariah adviser for the ICP programme.</p></div>

<div class=newsTextDataWrapInner><p>AMMB’s share price settled nine sen or 1.7% higher at RM5.27 on Wednesday, bringing the group a market capitalisation of RM17.47 billion.</p></div>


AMMB Holdings Bhd's (KL:AMBANK) wholly-owned subsidiaries, AmBank (M) Bhd and AmBank Islamic Bhd, have set up debt programmes to raise up to RM7 billion to finance their working capital, among others.

AMMB units set up RM7b debt programmes to raise funds for working capital

(Jan 5): United Airlines said on Sunday that it expects to begin testing Elon Musk's Starlink in February for in-flight internet services, and to first offer the connectivity on a commercial flight operated by Embraer aircraft this spring.

United Airlines to bring Musk's Starlink on flights by spring

ATHENS (Jan 5): Former Greek prime minister Costas Simitis, who led the country into the European Union's (EU) single currency in 2001, died on Sunday, aged 88, at his summer house in the Peloponnese.

Former Greek prime minister Simitis passes away at age 88

VIENNA (Jan 5): Austria's ruling conservatives picked secretary general Christian Stocker as interim successor to Chancellor Karl Nehammer, Austrian media reported on Sunday, after Nehammer quit as his attempts to form a coalition government without the far right fell apart.

Austrian conservatives pick interim leader after chancellor quits

WEST PALM BEACH, Florida/MILAN (Jan 5): Italian Prime Minister Giorgia Meloni made a surprise trip to Florida to meet with Donald Trump late on Saturday, as the key European leader sought to buttress ties with the president-elect before his inauguration on Jan 20.

Italy's Meloni boosts ties with Trump in surprise Florida visit

DOHA/DUBAI/CAIRO (Jan 5): Syria's new Islamist rulers said on Sunday that US sanctions on Syria were an obstacle to the war-torn country's rapid recovery, and urged Washington to lift them during a visit by Syrian officials to Qatar.

Syria's new Islamist rulers urge US to lift sanctions during visit to Doha

BANGI (Jan 5): Umno President Datuk Seri Dr Ahmad Zahid Hamidi has reminded party members not to participate in a rally scheduled to take place at the Palace of Justice in Putrajaya on Monday (Jan 6).

Zahid warns Umno members against joining Putrajaya rally

PUTRAJAYA (Jan 5): The Royal Malaysia Police (PDRM) has advised the public not to participate in a rally scheduled to take place at the Palace of Justice here on Monday (Jan 6), as it has not received permission from the owner of the venue.

Police warns public against participating in unauthorised Palace of Justice rally

TAIPEI (Jan 5): Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter, on continued strong demand for artificial intelligence (AI) servers.

Foxconn beats estimates with record fourth-quarter revenue on AI demand

MOSCOW (Jan 5): Russian airports in the cities of Kazan, Nizhnekamsk, Izhevsk and Perm, which temporarily halted flights on Sunday morning to ensure the safety of civilian aircraft, have resumed normal operations, the aviation watchdog Rosaviatsia said.

Four Russian airports reopen after suspending flights, aviation watchdog says

SEOUL (Jan 5): The chief of security for South Korean President Yoon Suk Yeol said on Sunday that he could not cooperate with efforts to arrest the impeached leader, in remarks that could push the political crisis towards another high-stakes confrontation.

South Korea's presidential security chief defies Yoon's arrest bid as deadline looms

<p>PUTRAJAYA (Jan 5): The Royal Malaysia Police (PDRM) has advised the public not to participate in a rally scheduled to take place at the Palace of Justice here on Monday (Jan 6), as it has not received permission from the owner of the venue.</p>


<p>SEOUL (Jan 5): The chief of security for South Korean President Yoon Suk Yeol said on Sunday that he could not cooperate with efforts to arrest the impeached leader, in remarks that could push the political crisis towards another high-stakes confrontation.</p>


<p>BANGI (Jan 5): Umno President Datuk Seri Dr Ahmad Zahid Hamidi has reminded party members not to participate in a rally scheduled to take place at the Palace of Justice in Putrajaya on Monday (Jan 6).</p>


<p>TAIPEI (Jan 5): Taiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the fourth quarter, on continued strong demand for artificial intelligence (AI) servers.</p>


<p>DOHA/DUBAI/CAIRO (Jan 5): Syria's new Islamist rulers said on Sunday that US sanctions on Syria were an obstacle to the war-torn country's rapid recovery, and urged Washington to lift them during a visit by Syrian officials to Qatar.</p>


<p>ATHENS (Jan 5): Former Greek prime minister Costas Simitis, who led the country into the European Union's (EU) single currency in 2001, died on Sunday, aged 88, at his summer house in the Peloponnese.</p>


<p>CAIRO/GAZA (Jan 5): Israeli military strikes in the Gaza Strip have killed at least 70 people over the last day, Palestinian medics said on Saturday, as mediators launched a new ceasefire push to end the 15-month-old war.</p>


Israeli strikes kill dozens in Gaza Strip as new ceasefire talks begin

<p>MOSCOW (Jan 5): Russian airports in the cities of Kazan, Nizhnekamsk, Izhevsk and Perm, which temporarily halted flights on Sunday morning to ensure the safety of civilian aircraft, have resumed normal operations, the aviation watchdog Rosaviatsia said.</p>


<p>(Jan 5):&nbsp;United Airlines said on Sunday that it expects to begin testing Elon Musk's Starlink in February&nbsp;for in-flight internet services, and to first offer the connectivity on a commercial flight operated by Embraer&nbsp;aircraft this spring.</p>
