<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 20): The Malaysian government’s Public Sector Housing Financing Board&nbsp;today issued RM50 billion worth of sukuk as part of its Islamic Commercial Papers (ICP) and Islamic Medium Term Notes (IMTN) programme.</p></div>

<div class=newsTextDataWrapInner><p>The board, also known as Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA), said the sukuk size had been increased&nbsp;from RM25 billion previously due to an upsizing exercise, according to Bank Negara Malaysia’s (BNM) website.</p></div>

<div class=newsTextDataWrapInner><p>“An upsized ICP&nbsp;and IMTN&nbsp;issuance programme, which together with upsized conventional commercial papers and conventional medium term notes, and a syndicated Islamic revolving credit-i facility and syndicated revolving credit/term loan facilities, have an aggregate combined limit of up to RM50 billion in nominal value and all irrevocably and unconditionally guaranteed by the government,” said LPPSA.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>AmInvestment Bank Bhd, Bank Islam Malaysia Bhd, CIMB Investment Bank Bhd, Maybank Investment Bank Bhd, OCBC Bank (Malaysia) Bhd and RHB Investment Bank Bhd are the joint lead managers and book runners for the sukuk’s book-building exercise.</p></div>

<div class=newsTextDataWrapInner><p>CIMB Investment Bank is the facility agent, while RHB Islamic Bank Bhd is the syariah adviser.</p></div>


The Malaysian government’s Public Sector Housing Financing Board today issued RM50 billion worth of sukuk as part of its Islamic Commercial Papers (ICP) and Islamic Medium Term Notes (IMTN) programme.

The board, also known as Lembaga Pembiayaan Perumahan Sektor Awam (LPPSA), said the sukuk size had been increased from RM25 billion previously due to an upsizing exercise, according to Bank Negara Malaysia’s (BNM) website.

LPPSA ups sukuk issue size to RM50b from RM25b following upsizing exercise

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

<p>Will Bank Negara Malaysia’s Monetary Policy Committee follow its Indonesian counterparts by raising interest rates when it holds its next meeting on Wednesday and Thursday?</p>


The Week Ahead: All eyes on Bank Negara’s monetary policy meeting, Xi’s three-nation European trip

<p>The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.</p>


<p>Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.</p>


Michelle Yeoh receives Presidential Medal of Freedom from Biden

<p>The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.</p>


<p>King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.</p>


King Charles and UK royals to relinquish dozens of patronages

<p>The prospect of interest rates remaining elevated as the Federal Reserve (Fed) battles inflation is further clouding the outlook for shares of smaller US companies, which have lagged broader markets this year.</p>


US small caps struggle as elevated interest rates take a toll

<p>Electric vehicle (EV) maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to US$5.13 billion (RM24.32 billion) in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years.</p>


China's Zeekr seeks up to US$5.13b valuation in US IPO

<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


<p>A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.</p>


<p>Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.</p>


<p>Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.</p>


<p>Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.</p>


<p>The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.</p>


<p>The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.</p>


KKB polls: Parties, candidates redoubling efforts as campaign enters critical period

<p>The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.</p>


<p>US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.</p>


Yellen says fundamentals still point to slowing inflation

<p>Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.</p>


<p>The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.</p>


Philippines' central bank tightens dirty money risk reporting rule

<p>Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet”.</p>


Google trial wraps up as judge weighs landmark US antitrust claims

<p>Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.</p>
