<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 10): Kumpulan Perangsang Selangor Bhd (KPS) is planning to raise up to RM500 million via an Islamic Medium Term Notes Programme to be used for general corporate purposes and to refinance the group's existing borrowings.</p></div>

<div class=newsTextDataWrapInner><p>In a stock exchange filing, KPS said its wholly-owned unit Perangsang Capital Sdn Bhd has made a lodgment to the Securities Commission Malaysia to establish the unrated sukuk programme that is based on the Syariah principle of Murabahah, and to issue the sukuk thereafter.</p></div>

<div class=newsTextDataWrapInner><p>The sukuk programme has a tenure of up to 15 years from the date of its first issuance, KPS said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The issuance of the sukuk programme is in line with our strategy of prudent capital management. Furthermore, it will also support our commitment in delivering sustainable returns to all stakeholders," said the group's the chief executive officer Ahmad Fariz Hassan in a separate statement.</p></div>

<div class=newsTextDataWrapInner><p>Maybank Investment Bank is the principal adviser, lead arranger and lead manager for the sukuk programme.</p></div>


KUALA LUMPUR (Dec 10): Kumpulan Perangsang Selangor Bhd (KPS) is planning to raise up to RM500 million via an Islamic Medium Term Notes Programme to be used for general corporate purposes and to refinance the group's existing borrowings.

In a stock exchange filing, KPS said its wholly-o...

Kumpulan Perangsang Selangor to raise up to RM500m via sukuk

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Labuan IBFC sees moderate growth in aviation leasing sector due to higher oil prices

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

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The Malaysian Association of Asset Managers (MAAM) announced the election of its new committee members and principal officers for the 2024 to 2026 term.

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Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently.

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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


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<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


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<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


YTL Corp eyeing to extend upside movement, says RHB Retail Research 

<p>Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.</p>


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<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


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<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

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<p>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


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<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


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<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p><em><strong>More to come</strong></em></p>
...

<p>The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.</p>


MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

<p>The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.</p>


<p>Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.</p>


<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>
