Govt Debt Service Charges Expected To Increase To 16.3 Pct In 2025 -- MOF

By Anas Abu Hassan & K Naveen Prabu

KUALA LUMPUR, Oct 10 (Bernama) -- The federal government’s debt servicing charges (DSC) are projected to increase by 7.6 per cent to RM54.3 billion in 2025, accounting for 16.3 per cent of total revenue compared to a 9.0 per cent increase of RM50.5 billion or 15.6 per cent in 2024. 

Varia Proposes To Set Up RM3 Bln Sukuk Murabahah Programme

KUALA LUMPUR, Oct 8 (Bernama) -- Varia Bhd plans to raise up to RM3 billion through the proposed issuance of Islamic medium term notes (IMTNs).

Sime Darby Property Provides RM34 Mln Shareholders Advances To Battersea Project Holding Company

KUALA LUMPUR, Oct 6 (Bernama) -- Sime Darby Property Bhd, through its wholly-owned subsidiary Sime Darby Property (Hong Kong) Ltd (SDPHK), has entered into an interest-bearing loan agreement to provide shareholders’ advances of £6 million to Battersea Project Holding Company Ltd (BPHCL).

MoneyHero Promotes Danny Leung As CFO Amid Strong Profit Push

KUALA LUMPUR, Oct 6 (Bernama) -- MoneyHero Limited (MoneyHero), a personal finance aggregation and comparison platform, has announced the promotion of Danny Leung to Chief Financial Officer (CFO) to drive the next phase of profitable growth.

Personal Loan Applicants Exceeding RM100,000 To Attend Financial Education Module - BNM

By Nor Baizura Basri

KUALA LUMPUR, Sept 30 (Bernama) -- Consumers applying for personal financing with amounts exceeding RM100,000 will need to attend and complete a financial education module, according to Bank Negara Malaysia (BNM) today.

Bermaz Auto Raises RM130 Mln In Sukuk Wakalah

KUALA LUMPUR, Sept 25 (Bernama) -- Bermaz Auto Bhd (BAuto) has issued a second tranche of Islamic Medium-Term Notes (IMTNs) worth RM130 million under its RM500 million Sukuk Wakalah programme and fully repaid a RM100 million Islamic Commercial Paper (ICP).

Destini Secures RM403.75 Mln Contract Extension From Defence Ministry

KUALA LUMPUR, Sept 18 (Bernama) -- Destini Bhd's unit, Destini Prima Sdn Bhd (DPSB), has received a letter of award for an extended contract from the Ministry of Defence.

ALR Aims To Diversify Revenue, Ease Congestion To Accelerate Sukuk Repayment

By Danni Haizal Danial Donald

KUALA LUMPUR, Sept 16 (Bernama) -- Amanat Lebuhraya Rakyat Bhd (ALR) aims to diversify its revenue stream and reduce traffic congestion in the short term to achieve greater business growth and expedite its RM5.5 billion sukuk repayment.

PBA Holdings Unit Issues RM300 Mln Inaugural Sukuk Wakalah

KUALA LUMPUR, Sept 4 (Bernama) -- PBA Holdings Bhd's unit Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) has successfully issued its inaugural sustainability sukuk wakalah in aggregate of RM300 million in nominal value under its sukuk wakalah programme.

IOI Properties Completes RM1 Bln Sukuk Murabahah Issuance

KUALA LUMPUR, Sept 4 (Bernama) -- IOI Properties Group Bhd’s (IOIPG) wholly-owned subsidiary Fortune Premiere Sdn Bhd has completed its seventh issuance of sukuk murabahah amounting to RM1 billion in nominal value under its existing multi-currency Islamic medium term note programme of up to RM3 billion.

Maybank Issues RM1.8 Bln Subordinated Sukuk Under RM30 Bln Programme

KUALA LUMPUR, Aug 28 (Bernama) -- Malayan Banking Bhd (Maybank) has completed the issuance of RM1.8 billion in subordinated Sukuk Murabahah under the RM30.0 billion Sukuk programme. 

Cypark Secures Islamic Financing Facilities Of Up To RM1.3 Bln From MBSB Bank

KUALA LUMPUR, Aug 19 (Bernama) -- Cypark Resources Bhd (Cypark) and its wholly-owned subsidiary Cypark Smart Technology Sdn Bhd have secured Islamic financing facilities worth up to RM1.3 billion from MBSB Bank Bhd.