News about global

KUALA LUMPUR (April 22): YTL Starhill Global REIT Management Ltd, the manager of Singapore-listed Starhill Global Real Estate Investment Trust (Starhill Global REIT), has requested S&P Global Ratings to withdraw its corporate credit rating on the REIT and notes issued under the property trust’s medium-term notes programmes.

KUALA LUMPUR (April 14): The outbreak of Covid-19 has prompted real estate developer TA Global Bhd to temporarily close six of its hotels.

KUALA LUMPUR (April 2): Kossan Rubber Industries Bhd’s wholly-owned subsidiary Ideal Quality Sdn Bhd (IQ) is selling an estimated 39ha (390,397 sq metres) vacant freehold industrial land in Kuala Langat, Selangor for RM153.

KUALA LUMPUR (March 18): Asia-Pacific economic growth in 2020 will more than halve to less than 3% as the global economy enters a recession, said S&P Global Ratings.

KUALA LUMPUR (March 12): S&P Global Ratings revised its outlook on Genting Bhd to negative from stable to reflect its view that Genting Bhd's revenue and EBITDA will drop by 20%-25% and 25%-30% respectively in 2020 because of the ongoing COVID-19 outbreak.

KUALA LUMPUR (March 12): The High Court was yesterday informed that the prosecution is considering a representation relating to asset forfeiture made by OBYU Holdings Sdn Bhd, the owner of several condos at Pavilion Residences, where more than RM680 million worth of valuable items said to belong to Datuk Seri Najib Abdul Razak and his wife Datin Seri Rosmah Mansor, were kept and are subject to forfeiture.

KUALA LUMPUR (March 11) :The High Court today allowed an application by former premier Datuk Seri Najib Abdul Razak's wife Datin Seri Rosmah Mansor to physically inspect close to 12,000 jewellery items, over 300 handbags and other valuables worth more than RM600 million.

KUALA LUMPUR (March 2): Central Global Bhd said today its 51%-owned subsidiary has secured a contract from Simbol Era Sdn Bhd worth RM42.

KUALA LUMPUR (Feb 28): Malaysia’s broader economic outlook could weaken if significant uncertainty over the formation of the new government continues for long, said S&P Global Ratings.

KUALA LUMPUR (Feb 27): The Minority Shareholder Watchdog Group (MSWG) has identified some concerns among the minority shareholders of TA Global Bhd with regard to the company's corporates exercises.