Finance Minister Lim Guan Eng said today Malaysia has appointed Mizuho Bank (M) Bhd, HSBC Bank Malaysia Bhd and Daiwa Markets Singapore Ltd as lead arrangers for the nation's proposed 10-year ¥200 billion (about RM7.6 billion) Samurai bond issue.
Lim said the appointments will ensure the country enjoys the lowest possible cost of funds.
At a press conference here today, Lim said the appointments were made after six proposals were shortlisted from the 27 received by the Ministry of Finance (MoF).
Alibaba Group Holding Ltd is cutting its spending on travel and postponing some new hiring as China’s largest e-commerce company braces for a slowing economy, people familiar with the matter said.
Some new hires were told they can’t start until the new fiscal year begins in April, the people said, asking not to be named because the matter is private. The travel cuts include restricting business class airfares on a unit-by-unit basis, with staff only able to select a premium cabin on every fifth round trip that takes more than 20 hours, one of the people said.