Ahmad Zaki Resources reaches settlement over RM69.3 million lender claims
The claims concern financing payments owed by subsidiary Ahmad Zaki Sdn Bhd, with the parent company named as guarantor.
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The claims concern financing payments owed by subsidiary Ahmad Zaki Sdn Bhd, with the parent company named as guarantor.
The Budget 2027 initiative would allow Malaysians to choose whether their investment supports education, healthcare or social protection.
The expected payout is RM5 billion or 18.5% above the 2026 estimate and would match the dividends paid in 2024 and 2025.
The government will focus on limiting debt accumulation, rebuilding fiscal buffers and managing borrowing costs and refinancing risks.
99 Speed Mart Retail, CelcomDigi and Press Metal Aluminium contributed 4.32 points to the benchmark index’s rise.
The benchmark gained 1.14 points in early trading, although declining counters outnumbered advances across the broader market.
US borrowing costs are expected to remain unchanged later this month, while a Federal Reserve official has signalled increases over the medium term.
The currency opened lower against the euro, yen and pound, while an economist said fiscal discipline would remain important to its strength.
Klayman Group Sdn Bhd is the prospective buyer, with pricing still undecided and due diligence required before a definitive agreement.
The Islamic notes programme has a perpetual tenure, while the Islamic commercial papers programme will run for seven years.