<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sep 28): Boustead Holdings Bhd has issued a 10-year Islamic Medium Term Note (IMTN) worth RM500 million under its sukuk programme.</p></div>

<div class=newsTextDataWrapInner><p>This comes after an earlier IMTN worth RM2 billion announced by the group on Sept 12.</p></div>

<div class=newsTextDataWrapInner><p>Affin Hwang Investment Bank Bhd, in a statement issued on behalf of Boustead, said the proceeds raised from the two sukuk programmes will be used to refinance existing borrowings and to finance future property development projects and capital expenditures.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Boustead's share price closed up two sen or 0.69% at RM2.90, giving a market capitalisation of RM5.88 billion.</p></div>

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KUALA LUMPUR (Sep 28): Boustead Holdings Bhd has issued a 10-year Islamic Medium Term Note (IMTN) worth RM500 million under its sukuk programme.

This comes after an earlier IMTN worth RM2 billion announced by the group on Sept 12.

Affin Hwang Investment Bank Bhd, in a statemen...

Boustead issues RM500m Islamic notes

ISTANBUL (May 3): Türkiye will not resume trade with Israel, worth US$7 billion a year, until a permanent ceasefire and humanitarian aid are secured in Gaza, it said on Friday, the first of Israel's key partners to halt trade over the conflict.

Türkiye says Israel trade halted until permanent Gaza ceasefire

The US Treasury Department's top sanctions official will travel to Singapore and Malaysia next week, a source familiar with the matter told Reuters, as Washington seeks to combat funding for Iran and its proxy groups as well as evasion of its sanctions on Russia.

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The Court of Appeal has upheld a High Court's decision to quash the Royal Malaysian Customs Department's bill of demand for Petroliam Nasional Bhd to pay RM14.8 million in goods and services tax (GST) that it alleged the national oil company had underpaid.

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In a majority decision, the Federal Court has dismissed a woman's challenge to change her religious status as a Muslim.

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OSLO (May 3): Norway's central bank kept interest rates on hold at 4.50% on Friday, as unanimously expected by analysts, and said a tight monetary policy stance may be needed for somewhat longer than planned in order to curb inflation.

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<p>Global shares were firmer on Friday ahead of key US non-farm payroll numbers, underpinned by reassurance from the Federal Reserve that the next move in rates would be down.</p>


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<p>Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.</p>


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<p>Ranhill Utilities Bhd has declared a share dividend distribution on a basis of 0.5 share for every 100 shares held in the utility group.</p>


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<p>Individuals who have fallen victim to fraudulent investment schemes risk losing the right to recover their money even after going through the legal avenue.</p>


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<p>The Penang High Court on Friday dismissed former Penang chief minister Lim Guan Eng, his wife Betty Chew Gek Cheng, and businesswoman Phang Li Koon’s attempt to strike out their graft and money-laundering charges.</p>


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<p>Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.</p>


Türkiye halts all trade with Israel, cites worsening Palestinian situation

<p>As the latest purchasing managers’ index (PMI) data indicated a softer contraction in Malaysia's manufacturing sector in April, economists are expecting the country's manufacturing condition to gradually recover in the near term, though it remains slightly behind regional peers.</p>


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<p>Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.</p>


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<p>In a majority decision, the Federal Court has dismissed a woman's challenge to change her religious status as a Muslim.</p>


<p>Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.</p>
