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AM Best Affirms Superior Ratings For Tokio Marine & Nichido Fire Insurance, Subsidiaries

KUALA LUMPUR, Sept 11 (Bernama) -- AM Best has affirmed the financial strength rating (FSR) of A++ (Superior) and the long-term issuer credit ratings (Long-Term ICRs) of “aa+” (Superior) of Japan’s Tokio Marine & Nichido Fire Insurance Co Ltd (TMNF) and its subsidiaries.

Lianson Fleet Group To Dispose Of Vessel For RM28.13 Mln

KUALA LUMPUR, Sept 8 (Bernama) -- Lianson Fleet Group Bhd’s (LFG) indirect wholly owned subsidiary, Icon Samudera (L) Inc, will dispose of a vessel to Vietnam’s Asia Investment and Asset Management Joint Stock Company for RM28.13 million.

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.

ICHAM Unveils Asia’s First Open-Ended Autocall Fund For Accredited Investors

KUALA LUMPUR, Sept 2 (Bernama) -- ICH Asset Management (ICHAM), a regional multi-family office and asset manager, has launched the ICHAM Defined Growth Fund, billed as Asia’s first open-ended fund dedicated to autocall structured products.

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. 

Dewan Rakyat Passes Three Ministry Of Finance Motions

KUALA LUMPUR, Aug 28 (Bernama) --  The Dewan Rakyat today passed three motions from the Ministry of Finance with a majority voice vote in support.

PNB Merdeka Ventures Proposes RM6 Bln Sukuk Programme For Merdeka 118 Development

KUALA LUMPUR, Aug 26 (Bernama) -- PNB Merdeka Ventures Sdn Bhd (PNBMV) has proposed an Islamic Medium-Term Notes (IMTN) programme (Merdeka Sukuk Wakalah Programme) of up to RM6 billion in nominal value.

Unity Group, Tek Securities Unveil RMB200 Mln Climate Sukuk To Fund Selangor's Green Initiative

KUALA LUMPUR, Aug 22 (Bernama) -- Hong Kong-based green technology firm Unity Group Holdings International Ltd, in partnership with Labuan-based Tek Securities Ltd, has unveiled a RMB200 million climate sukuk from the Labuan International Business and Financial Centre (IBFC) to fund certified carbon credit projects under Selangor’s “Green Initiative Programme.”

Masdar Secures ‘AA-’ Rating From S&P, Strengthens Global Clean Energy Role

KUALA LUMPUR, Aug 22 (Bernama) -- Masdar, also known as the Abu Dhabi Future Energy Company PJSC, has been assigned an ‘AA-’ credit rating with a stable outlook by S&P Global Ratings, bolstering its standing as one of the world’s most financially sound renewable energy companies.

UOB Malaysia Supports Launch Of FMM House's RM3 Bln Asean Green MTN Programme

KUALA LUMPUR, Aug 21 (Bernama) -- United Overseas Bank (Malaysia) Bhd (UOB Malaysia) is supporting FMM House Sdn Bhd in launching its RM3 billion ASEAN Green Medium Term Notes (MTN) Programme, an initiative aimed at advancing sustainable development in Malaysia’s logistics infrastructure.

E&O Unit To Sell London Land For RM427.8 Mln

KUALA LUMPUR, Aug 20 (Bernama) -- Eastern & Oriental Bhd’s (E&O) indirect wholly-owned subsidiary, Hammersmith Properties Ltd, has proposed to dispose of two freehold land parcels in Hammersmith, London, to Varsity Capital 1 Propco Ltd for a minimum cash consideration of £75 million or RM427.8 million (£1 = RM5.7040).