Moody's Investors Service has affirmed the A1 issuer rating and senior unsecured rating of Petronas and A1 senior unsecured ratings of Petronas Global Sukuk Ltd and Petronas Capital Ltd, with stable outlook.
Maybank president and chief executive officer Datuk Seri Abdul Wahid Omar, who was yesterday announced as Minister in the Prime Minister's Department in the new cabinet line-up, wants to help take the Malaysian economy to a higher level of excellence.
Samsung Group, South Korea's No. 1 conglomerate, said Monday it plans to establish a foundation to bolster the country's growth engine in line with the government's push to cultivate economic development.
Bursa Malaysia is likely to trend higher next week on stronger regional sentiment and a strong performance of the ringgit following an influx of foreign funds and an accommodative stance from Bank Negara Malaysia.