UEM Sunrise Completes RM500 Mln Islamic Medium-term Notes Issuance
In a filing with Bursa Malaysia today, UEM Sunrise said the programme, together with the company's existing Islamic commercial papers programme, has a combined aggregate limit of up to RM4 billion and is structured based on the shariah principle of murabahah via tawarruq arrangement.
The property developer said the new IMTNs were issued in two tranches, comprising RM200 million with a tenure of 10 years maturing on July 30, 2035 and RM300 million with a tenure of 12 years maturing on July 30, 2037.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
10 minutes ago
- The Sun
MACC boosts forensic probes, asset recovery in 13MP anti-corruption push
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) will intensify its crackdown on corruption, financial leakages, and power abuse by upgrading operational tools, deepening forensic capabilities, and accelerating asset recovery. Chief Commissioner Tan Sri Azam Baki confirmed the move aligns with the governance reforms highlighted in Prime Minister Datuk Seri Anwar Ibrahim's 13th Malaysia Plan (13MP). Azam stressed the commission's dual focus: rigorous enforcement and societal integrity education. 'MACC recognises public expectations and will fulfil this mandate to foster a corruption-free Malaysia, directly supporting economic resilience,' he said in a statement. The agency aims to embed ethical values through community programmes, cultivating 'principled citizens' to sustain long-term anti-graft efforts. Collaboration remains central to MACC's strategy. 'We stand united with the government and rakyat to achieve 13MP's socioeconomic goals, ensuring development benefits all equitably,' Azam added. The plan's emphasis on accountability mirrors MACC's ongoing initiatives, including high-profile asset seizures and cross-border corruption probes. - Bernama
The Sun
40 minutes ago
- The Sun
Raja Muda of Selangor honours entrepreneurs at PLATS Awards Night
KLANG: Raja Muda of Selangor, Tengku Amir Shah Sultan Sharafuddin Idris Shah, graced the Platform Selangor (PLATS) Awards Night (MAPS) to recognise the achievements of local entrepreneurs. The event highlighted the success of participants in the U-PLATS Digital and U-PLATS Halal programmes. Accompanied by Selangor Menteri Besar Datuk Seri Amirudin Shari and other dignitaries, Tengku Amir Shah presented awards to 22 entrepreneurs. The U-PLATS Digital awards included categories such as Main Micro Entrepreneur, Special Category Awards (Community, Youth, Revolution, Technology, Innovation, and Women), and best micro entrepreneur at the local authority level. Meanwhile, the U-PLATS Halal awards recognised participants who obtained the Malaysian Halal Confirmation Certificate. Award recipients received Point of Sales (POS) systems and training worth RM4,000 to enhance their business operations. Additionally, 10 entrepreneurs under the U-PLATS Halal programme received RM5,000 in sponsorship, with four already securing halal certification and four others in the approval process. During his speech, Menteri Besar Amirudin Shari highlighted that over 8,000 micro traders have benefited from PLATS programmes, gaining digitalisation access, training, and financial support. He called for collaboration among government agencies, industry players, and financial institutions to further develop micro and small businesses. 'Help them develop, compete healthily, and achieve success. We aim to nurture today's micro entrepreneurs into tomorrow's successful business owners,' he said. - Bernama
The Star
an hour ago
- The Star
Creative economy gets 13MP recognition
PUTRAJAYA: The orange economy is a developing sector that has the potential to contribute to Malaysia's economic growth, says Communications Minister Datuk Fahmi Fadzil ( pic ). Fahmi, who is also the government spokesman, said the sector, which includes creative industries such as film, music and animation, was included in the 13th Malaysia Plan (13MP) as a result of a proposal and engagement session between the Communications Ministry and the Economy Ministry. 'The engagement process has convinced the Economy Ministry that the orange economy is a developing sector, which has the potential to help economic growth,' he said at a post-Cabinet press conference here yesterday, Bernama reported. Meanwhile, Fahmi said the details of the specific benefits of the orange economy sector will be known when Budget 2026 is presented this October. During the tabling of the 13MP in Parliament on Thursday, Prime Minister Datuk Seri Anwar Ibrahim said the government was committed to driving the growth of the creative economy through the high-potential digital creative industry. According to Anwar, the Matching Fund and Joint Production Fund will be implemented to encourage joint investments between the government and the private sector in the production of world-class content. 'The country's digital creative industry has generated income of RM6.3bil, with an export value of RM850mil,' he said.
