Malaysia

Existing shareholders have sprung into action to support Jardine Cycle & Carriage’s S$1.0bn ($729m) one-for-nine rights issue, with the deal ending up well oversubscribed.

Khazanah Nasional took a huge step forward for socially responsible investment (SRI) in Malaysia this month with the country’s first sukuk in the sector, adopting a unique structure that could see investors’ pay-out reduced. It is a bold move for social reform, but Khazanah’s SRI sukuk may be a bit too ahead of its time.

The renminbi is finding support from small and medium enterprises (SMEs) around Asia, according to a new survey by consulting firm East & Partners.

In this round-up, Malaysia and China renew their bilateral swap agreement, Thailand launches RMB clearing services, and the Silk Road Fund makes its first investment into Pakistan.

In this round up, China cross-border RMB trade settlement hits new historical record in March, Hong Kong sees a 31% increase in RMB clearing in the same month, the Moscow Exchange sees record RMB/RUB FX swaps turnover, CCB is launching new subsidiaries in five overseas markets, and RMB clearing officially launches in Malaysia and Qatar.