News Brief: Latest Updates From Corporate Malaysia
Unstoppable China Is An Ally, Says Mahathir
“Malaysia is surrounded by very powerful countries, of which China is one but for Mahathir, the fact that China never colonised any countries in the region speaks volumes.”
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How Do Recent Political Developments In Malaysia Affect Its Credit Profile?
“Political uncertainty nonetheless continues to weigh on the economic policy outlook, in our view. It remains to be seen how long the agreement will last and the government could still lose its narrow majority before the next elections, to be held by July 2023. Government spending pressures could also arise.”
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Exporting Malaysia’s Rail Technology
“The top exports for railway products in 2020 were contributed by parts of rolling-stock vehicles valued at RM21.4 million and signalling devices for railways valued at RM20.2 million.”
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Tenaga Acquires French Offshore Windfarm Blyth Offshore
“The aim is for not Vantage RE to grow in the UK and Europe, but also to provide a solid pathway for TNB to accelerate its ambition to be a leading provider of sustainable energy solutions.”
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Agrobank Completes Pricing Its RM500 Million Sukuk Programme
“Agrobank put forth a dual-tranche debut offering to the market on a five and seven-year Sukuk which landed at a very tight spread of 51 bps and 49 bps respectively.”
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