Ram Anand

Kuala Lumpur

Correspondent at The Straits Times

KL reporter for Bloomberg. Author, filmmaker and social entrepreneur.

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Articles

Malaysian PM Anwar’s Popularity Rises Even as Growth Slows (1)

5 days ago | news.bloomberglaw.com | Ram Anand

Support for Malaysian Prime Minister Anwar Ibrahim rose as he crossed the midpoint of his five-year term amid political stability. The premier’s approval rating stood at 55% as of May, compared with 54% in December and 50% in November 2023, according to a poll by Merdeka Center. The ruling coalition also saw its rating climb to 50%, compared with 40% in June last year. Despite the improvement, negative sentiment toward the country’s direction remains “oversized,” Merdeka Center said.
Malaysian PM Anwar’s Popularity Rises Even as Growth Slows

5 days ago | bloomberg.com | Ram Anand

Anwar Ibrahim(Bloomberg) -- Support for Malaysian Prime Minister Anwar Ibrahim rose as he crossed the midpoint of his five-year term amid political stability. The premier’s approval rating stood at 55% as of May, compared with 54% in December and 50% in November 2023, according to a poll by Merdeka Center. The ruling coalition also saw its rating climb to 50%, compared with 40% in June last year.
Korea’s Cuckoo Set for Malaysia Debut After Scaling Down IPO

1 week ago | news.bloombergtax.com | Ram Anand

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Korea’s Cuckoo Set for Malaysia Debut After Scaling Down IPO

1 week ago | news.bloomberglaw.com | Ram Anand

A subsidiary of South Korean home-appliance maker Cuckoo Holdings Co. is set to go public in Malaysia after a scaled-down offering that’s expected to raise 395 million ringgit ($93 million). Cuckoo International (Mal) Bhd. will begin trading on June 24, two months after postponing its initial public offering due to market volatility. The final amount raised may vary as the company is waiting for approval from the bourse to reduce its public shareholding spread to 20% from the current 25%.
Korea’s Cuckoo Set for Malaysia Debut After Scaling Down IPO

1 week ago | bloomberg.com | Ram Anand

Cuckoo’s outlet in Kuala Lumpur. (Bloomberg) -- A subsidiary of South Korean home-appliance maker Cuckoo Holdings Co. is set to go public in Malaysia after a scaled-down offering that’s expected to raise 395 million ringgit ($93 million). Cuckoo International (Mal) Bhd. will begin trading on June 24, two months after postponing its initial public offering due to market volatility.
Malaysia PM Says No Cabinet Reshuffle After Ministers Quit

1 week ago | bloomberg.com | Ram Anand

Anwar Ibrahim on June 16. (Bloomberg) -- Prime Minister Anwar Ibrahim said there’s no need for a cabinet reshuffle even with Economy Minister Rafizi Ramli set to depart on Tuesday. “I do not see the need to reshuffle anything so far, I wish all the best to Rafizi,” Anwar told reporters in Kuala Lumpur, referring to Rafizi’s resignation from the cabinet. Monday marks Rafizi’s final day in the administration before his resignation becomes effective.
DayOne Gets $3.5B Funding for Malaysia Data Centers

2 weeks ago | datacenterknowledge.com | Ram Anand

(Bloomberg) -- DayOne Data Centers Singapore secured 15 billion ringgit ($3.5 billion) of multicurrency financing to support its green data centers in Malaysia’s Johor state, according to a statement from Oversea-Chinese Banking Corporation. OCBC and its Malaysian unit OCBC Bank Malaysia acted as joint coordinators for the syndicated financing, which comprises a 7.5 billion ringgit Islamic financing and a $1.7 billion offshore term-loan facility, the bank said.
DayOne Gets $3.5B Funding for Malaysia Data Centers

2 weeks ago | buff.ly | Ram Anand

(Bloomberg) -- DayOne Data Centers Singapore secured 15 billion ringgit ($3.5 billion) of multicurrency financing to support its green data centers in Malaysia’s Johor state, according to a statement from Oversea-Chinese Banking Corporation. OCBC and its Malaysian unit OCBC Bank Malaysia acted as joint coordinators for the syndicated financing, which comprises a 7.5 billion ringgit Islamic financing and a $1.7 billion offshore term-loan facility, the bank said.
Malaysian Manufacturers Urge Deferral On Expanded Service Tax

2 weeks ago | news.bloombergtax.com | Ram Anand

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Malaysian Manufacturers Urge Deferral On Expanded Service Tax

2 weeks ago | news.bloomberglaw.com | Ram Anand

Malaysia’s manufacturers are calling for the government to defer a planned expansion of the sales and service tax, and instead re-introduce a consumption levy to broaden state revenue. The expansion of the sales and service tax, due to be implemented on July 1, is “highly damaging to industry and undermines the country’s export competitiveness,” Soh Thian Lai, president of the Federation of Malaysian Manufacturing, said in a statement on Thursday.