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A US$1.8 trillion corner of the sustainable debt market is defying the wider downturn, as investors snap up bonds largely backed by US government agencies even as Donald Trump leads a green retreat.
PETALING JAYA: S P Setia Bhd's strategic portfolio restructuring, debt reduction and cost optimisation is likely to continue enhancing the group's financial resilience, as its new revenue streams bring additional growth levers.
NAIROBI, Feb. 25 (Xinhua) -- Kenya on Tuesday announced a plan to buy back a 116.7 billion shilling (about 901.8 million U.S. dollars) note, which was part of its 2.1 billion dollar Eurobond issued in May 2019.
A plunge in global risk appetite is pushing emerging-market (EM) investors into higher quality dollar bonds, signalling a years-long rally in junk debt from developing nations might be at an end.
JOHANNESBURG, Feb. 11 (Xinhua) -- South Africa's 2025 budget is expected to address high debt service costs and increase taxes on alcohol and tobacco, a South African economist said on Tuesday.
Sapura Energy Bhd, which is in the spotlight following a proposed RM1.1bil cash injection from the government to repay unpaid vendors, could achieve sustainable profit from financial year 2027 (FY27).
BANGKOK: Deputy Prime Minister and Finance Minister Pichai Chunhavajira (pic) said on Tuesday (March 18) that a new asset management company (AMC) may be established in collaboration with banks to purchase people's debts.
PHNOM PENH: As of the end of 2024, 5.04 million Cambodian citizens – or 51 per cent of the over-18-year-old population – had utilised credit or taken out loans. The total amount of credit equalled to almost $59 billion (236,429.266 billion riel).
Washington: US Treasury Secretary Janet Yellen says her department is likely to begin taking special accounting manoeuvers sometime in mid-January to avoid breaching the US debt limit, and urged lawmakers to take action defending the “full faith and credit” of the United States.
HANOI: Despite saying the credit growth target set for 2025 is reasonable, experts note that the growth must go hand in hand with credit quality and risk control to avoid bad debt increase.
KUALA LUMPUR: The federal debt growth rate is declining, with the rate dropping to 6.4% in 2024 from 8.6% in 2023 and 10.2% in 2022, says the Finance Ministry.
The amount of credit card debt not paid by the due date hit a record high late in 2024, but the level of indebtedness is not ringing any alarm bells yet.
NEW YORK (Reuters) - Shares of Microchip Technology fell more than 3% on Wednesday after the chipmaker announced plans to raise capital by offering $1.35 billion of convertible stock.
SIBU: The state government has successfully constructed ten bridges across Sarawak, valued at RM11bil, without incurring any debt, according to Deputy Premier Datuk Seri Dr Sim Kui Hian.
WASHINGTON, Oct. 23 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday warned of elevated risks to public debt and called on policymakers to implement enduring and carefully designed fiscal adjustments.
WASHINGTON, Oct. 24 (Xinhua) -- The International Monetary Fund (IMF) warned on Thursday that the global economy is in danger of getting stuck on a low-growth high-debt path, urging policymakers to act on debt and carry out pro-growth reforms.
KNM Group Bhd has secured a deal to sell its crown jewel, German-based process equipment maker Borsig GmbH, to Japan's NGK Insulators Ltd for 270mil (RM1.25bil) higher than the 220.8mil (RM1.03bil) valuation it fetched in 2022.
KUALA LUMPUR: The Dewan Rakyat has approved the Supplementary Supply Bill (2024) 2025, allowing for the withdrawal of up to RM20,191,299,500 from the Consolidated Fund for additional expenses in 2024.
PHNOM PENH: The current state of Cambodia's public debt, which stands at US$11.09 billion, is "sustainable" and "low risk" as of the second quarter of 2024, according to Deputy Prime Minister and Minister of Economy and Finance Aun Pornmoniroth, as quoted in the Cambodia Public Dept Statistical Bulletin.
KUALA LUMPUR: Malaysia is on track to enhance its fiscal health, with promising prospects for reducing debt levels, according to Malaysian Rating Corp Bhd (MARC)
