<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 3): RAM Holdings Bhd's wholly-owned subsidiary RAM Sustainability has assigned a tier-1 environmental benefit (tier-1 EB) rating to Solar Management (Seremban) Sdn Bhd’s proposed RM260 million ASEAN green sustainable and responsible investment sukuk or Islamic bonds in recognition of the clean renewable energy generated by the firm's solar-based electricity generation plant.</p></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, RAM Sustainability&nbsp;analyst Syafi Sani said the tier-1 EB rating is the highest environmental benefit rating by RAM Sustainability.</p></div>

<div class=newsTextDataWrapInner><p>"Proceeds from the proposed green sukuk will be used to refinance Solar Management’s existing financing facilities, and to partially repay shareholders’ advances utilised for the development and construction of its 50 MWac large-scale photovoltaic solar farm in Rembau, Negeri Sembilan, Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Having commenced operations on Jan 30, 2019, Solar Management’s solar plant is expected to generate approximately 75.7 GWh of electricity per year.</p></div>

<div class=newsTextDataWrapInner><p>"The proposed green sukuk, in alignment with United Nations’ Sustainable Development Goals, will yield measurable positive environmental effects," Syafi said.</p></div>

<div class=newsTextDataWrapInner><p>MWac, which stands for mega-watt, alternating current, measures the amount of electricity generated from a solar-based power plant.</p></div>

<div class=newsTextDataWrapInner><p><em>Edited by Chong Jin Hun</em></p></div>


RAM Holdings Bhd's wholly-owned subsidiary RAM Sustainability has assigned a tier-1 environmental benefit (tier-1 EB) rating to Solar Management (Seremban) Sdn Bhd’s proposed RM260 million ASEAN green sustainable and responsible investment sukuk or Islamic bonds in recognition of the clean renewable energy generated by the firm's solar-based electricity generation plant.

RAM assigns highest environmental benefit rating to Solar Management sukuk

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).

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

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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.

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

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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.

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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.

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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.

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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.

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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.

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

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