Malaysia
Malaysian government’s bank Postpones Yuan Bond
The Malaysian government’s investment holding arm Khazanah Nasional Bhd., which is looking to issue as much as $78.3 million in yuan-denominated Islamic trust certificates, or sukuk, postpone the pricing of the bond due to volatile market conditions.
The news came as yields on long-dated Japanese government bonds fell to multi-month lows in Tokyo, weighed down by similar falls in Treasury yields after the Federal Reserve’s policy-setting Open Market Committee announced the previous day it will increase its share of longer-dated Treasurys by $400 billion by June 2012.
Malaysia
Incentives and Financing Schemes for Businesses Under Malaysia’s Budget 2022
The government guarantee scheme to help SMEs under the Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP) has been given an additional 10 billion ringgit (US$2.4 billion) in funding. This includes 2 billion ringgit (US$480 million) for businesses owned by ‘Bumiputera’s’ (ethnic Malays).
Malaysia’s government announced its largest state budget in history on October 29, 2021, totaling 333.2 billion ringgit (US$80.2 billion) as the government aims to spur post-pandemic growth in 2022.
(more…)Banking
Malaysia, Thailand banks to join the ASEAN Banking Integration Framework
Banking institutions from Thailand and Malaysia are invited to join the ASEAN Banking Integration Framework and indicate their interest to become a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.
Pursuant to the bilateral arrangement under the ASEAN Banking Integration Framework (ABIF) between Bank Negara Malaysia (BNM) and the Bank of Thailand (BOT) which was concluded in April 2019, banking institutions from Thailand and Malaysia are invited to indicate their interest to be a Qualified ASEAN Bank (QAB) in Malaysia and Thailand.
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Advance booking for Thailand national park visits extended to 60 days
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Bangkok Airways resumes Phuket – U-Tapao and Samui – U-Tapao routes in December 2021
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Why Vietnam is Forecast to be the Fastest Growing Internet Economy in Southeast Asia
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Youth unemployment hits new highs in Thailand due to COVID-19 restrictions
BANGKOK, Thailand (ILO news) - Joblessness among young men and women in Thailand has reached a level unseen in recent...
