<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 12): The Securities Commission Malaysia (SC) is temporarily increasing the gearing limit for Malaysian real estate investment trusts (M-REITs) from 50% to 60%, effective immediately, until Dec 31, 2022.</p></div>

<div class=newsTextDataWrapInner><p>In a statement, SC said the temporary increase in gearing limit will provide M-REITs greater cash flow flexibility as well as allow the managers to manage their REITs' debt and capital structures more efficiently, especially in light of the challenging operating environment during the Covid-19 crisis.</p></div>

<div class=newsTextDataWrapInner><p>"Notwithstanding the temporary increase in gearing limit, the SC expects managers of M-REITs to consider sustainability of the REIT and best interests of unitholders, before taking on any additional debt.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"As the financial system adjusts to the impact of Covid-19, the SC continues to monitor the evolving situation in global and domestic markets, to calibrate its responses and update the public accordingly," said the SC.</p></div>

<div class=newsTextDataWrapInner><p>Besides, the regulator has already introduced an array of measures to assist capital market participants and the industry.</p></div>

<div class=newsTextDataWrapInner><p>The SC said the full list of measures can be found <a href="https://www.sc.com.my/covid-19" target="_blank">here</a>.</p></div>


The Securities Commission Malaysia is temporarily increasing the gearing limit for Malaysian real estate investment trusts from 50% to 60%, effective immediately, until Dec 31, 2022.

SC grants M-REITs temporary increase in gearing limit for greater cash flow flexibility

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The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

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<p>Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.</p>


<p>The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.</p>


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<p>All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.</p>

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<p>Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.</p>

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<p>CIMB Thai Bank PCL’s net profit for the first quarter ended March 31, 2024 (1QFY2024) dropped 24.6% year-on-year to 626.1 million baht from 830.1 million baht, as it reported lower operating income and higher expenses. &nbsp;</p>

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<p>Attention this week will be on the March inflation rate, with the <strong>Department of Statistics Malaysia</strong> (DOSM) slated to put out <strong>Consumer Price Index</strong> (CPI) — the key gauge for inflation — data on Thursday.</p>

<p>Inflation edged up by a higher-than-expected 1.8% i...

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<p>The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.</p>


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<p>(April 19):&nbsp;Oyo Hotels is in talks to raise up to US$450 million via dollar bonds, a person familiar with the matter said, as the once-high-flying Indian startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.</p>


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<p>The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.</p>


<p>A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.</p>


<p>Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".</p>


<p>Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.</p>
