Phase 1 expected to be completed by December 2026

KUALA LUMPUR, May 3 — The former chief executive officer of a company is on remand for three days until Monday (May 5) for allegedly submitting claims containing false particulars amounting to RM360 million.

PUTRAJAYA, April 30 — Four individuals, including one with the title ‘Datuk Seri’, have been remanded for four days until Saturday (May 3) in connection with an alleged submission of false claims amounting to RM360 million.

KUALA LUMPUR, Oct 9 — The ringgit was one of the best-performing currencies globally in the third quarter of this year (3Q2024), strengthening 14.4 per cent against the US dollar and 11.4 per cent on a year-to-date basis, said Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC).

KUALA LUMPUR, Sept 25 — The ringgit has been rising steadily against the United States (US) dollar, notably since early July, following greater clarity of the interest rate path of developed countries, especially that of the US, according to Bank Negara Malaysia (BNM).

KUALA LUMPUR, Aug 29 — Khazanah Nasional Bhd has raised US$1 billion (RM4.3 billion) from a five-year US$500 million sukuk wakalah, or Islamic bond, and a 10-year conventional bond offering, according to a term sheet reviewed by Reuters late yesterday.

KUALA LUMPUR, May 28 — The government is set to introduce a new dimension to its sukuk issuance through the 'wakalah bil-khadamat’ structure, as part of Malaysia’s ongoing efforts to bolster the investment ecosystem in the country, Prime Minister Datuk Seri Anwar Ibrahim announced.

KUALA LUMPUR, March 25 — Equity fundraisings continued to register a higher number with 22 equity applications submitted to the Securities Commission in 2023 versus 20 applications in 2022, said the Securities Commission Malaysia (SC).

KUALA LUMPUR, March 25 — The Securities Commission Malaysia (SC) has approved 18 equity applications, of which seven were for initial public offering (IPO) on the Main Market of Bursa Malaysia with a total market capitalisation of RM9.04 billion in 2023.

KUALA LUMPUR, Jan 10 — The outstanding amount of the Malaysian bond market stood at RM2.01 trillion as of December 2023, which increased by 1.01 per cent from RM1.99 trillion at the end of the third quarter of 2023, according to the Bond and Sukuk Information Exchange or BIX Malaysia.

KUALA LUMPUR, Aug 15 — The way forward for the Islamic capital market (ICM) in Malaysia is to consider introducing an Islamic social exchange in the near future to strengthen environmental, social and governance (ESG) programmes, especially to support the poor and the needy, said Securities Commission Malaysia (SC) chairman Datuk Seri Awang Adek Hussin.

PUTRAJAYA, March 15 — Four individuals, including the company's director and chief financial officer, were arrested by the Malaysian Anti-Corruption Commission (MACC) yesterday to assist in investigations into irregularities in a sukuk deal worth RM596 million related to the project for the registration, recruitment and biometric storage of foreign workers in a ministry.

KUALA LUMPUR, March 9 — Malaysia, Indonesia and Turkiye will be the largest sovereign issuers in 2023-2024, taking over from Saudi Arabia which accounted for the largest single share of long-term sovereign sukuk issuances over the past six years, according to Moody’s Investors Service.

KUALA LUMPUR, March 7 — Demand for Syariah-compliant instruments is expected to continue to rise in 2023, supported by strong economic growth amid robust oil prices and ambitious development agendas in core Islamic markets, said Moody’s Investors Service.

SHAH ALAM, July 28 — The state government will assess the potential risks if the Menteri Besar Selangor (Incorporated) (MBI) plans to subscribe to Islamic bonds or sukuk.

KUALA LUMPUR, March 10 — Islamic finance is set for a turnaround post Covid-19, spurred by several factors including digitalisation, said an industry expert.

KUALA LUMPUR, Oct 20 — Malaysia’s pledge to minimise its greenhouse gas emissions by 2030 is facing challenges in terms of a mismatch in demand and supply of fundings for green technology, as well as information asymmetry.

KUALA LUMPUR, Sept 20 — Sukuk Prihatin, a government initiative under the National Economic Recovery Plan (Penjana), has been oversubscribed, registering a total subscription of more than RM666 million.