Daily Debrief: What Happened Today

Stories you might have missed

AT1 bondholders have little room for recourse if enterprise fails: lawyers

INVESTORS holding on to Additional Tier-1 (AT1) bonds could face difficulty getting their money back if there are clauses in a bond’s contracts that allow the bondholders’ priority to be revoked in the event of a restructuring.

Malaysia’s total funds raised reaches record RM179.4b in 2022: Securities Commission

MALAYSIA’S capital market continued to expand in 2022, with total funds raised reaching a record RM179.4 billion (S$54.3 billion), a 36.6 per cent incase from RM131.3 billion the year before.

Genting Malaysia could realise RM2.9 billion in gains from sale of Miami property: Maybank

GENTING Malaysia could recognise RM2.9 billion (S$873.1 million) in gains if the sale of its prime waterfront property in Miami goes through, assuming it is sold for US$1 billion, Maybank said on Monday (Mar 27).

Keppel subsidiary to sell remaining stake in Philippines property for 8 billion pesos

KEPPEL Corporation on Monday (Mar 27) said its Philippines subsidiary will divest its remaining interests in The Podium West Tower and The Podium Mall in Manila.

Prime office rents grow amid tight supply in Q1: Knight Frank

OFFICE rents in the Central Business District (CBD) rose in the first quarter of 2023, driven by tight supply and buoyant demand for flexible and scalable office space. This is despite worsening economic sentiment and layoffs in the tech sector.

The STI today

Singapore stocks begin week on more upbeat note, STI up 0.8%

LOCAL traders shrugged off concerns over the turmoil in the banking sector and broader inflationary pressures on Monday (Mar 27), focusing instead on opportunities in the market.