Local
Business
Sports
Leisure
BM
Kadazan Dusun
EDUCATION
ECO
Archives
Latest News
 
Nst-studio
Prisons footballers out to defend title |  Positive pre-season tour |  Trip down memory lane with Holy Trinity’s Class of 1960 |  Farewell Angelina wows Sabahans |  392 PPS pinotindooi id sikul pototongkop Sabah |  Kada patazado video nakahaid toi ko habus pogun |  Program Jom Ke Sekolah beri kesedaran kepada semua pihak |  392 police liaison officers assigned to schools in Sabah |  MMEA detains four Chinese vessels for anchoring without permission |  Mary Kay joins 2020 Generational Dermatology Palm Springs Symposium |  A woman to head Agrobank? |  Penduduk Mukim Lagud Seberang bakal terima bekalan air bersih |  Minggu Akademik SMK Takis 2020 berjaya dan meriah |  MAQIS Labuan rampas 18,708kg konsainan hasilan tanah 'Media Abrasive' bernilai lebih RM300,000 |  Badan keagamaan disaran celik digital tangani gejala negatif | 
 Business

Ministry set to act upon continuation of Samurai Bond

10th September, 2019

PUTRAJAYA: The Finance Ministry (MoF) is ready to act if the second Samurai bond issuance is continued.

In a statement recently, the ministry said it was awaiting further instructions from Prime Minister Tun Dr Mahathir Mohamad in relation to his statement on its issuance.

It also said the Prime Minister was taking into consideration the views of various parties although the interest rate of the second Samurai bond was lower.

During his recent visit to Japan, Dr Mahathir told a media conference that Malaysia had received the agreement of Japanese Prime Minister Shinzo Abe for the issuance of the bond and it was up to Finance Minister Lim Guan Eng to continue negotiations.

The MoF had in June received instructions from the Prime Minister to initiate negotiations with the concerned parties after his visit to Japan in May, where he was offered the second of the Samurai bond series.

The Cabinet had also stated its agreement in principle, with further details to be scrutinised by the MoF, the statement said.

After discussions by the Finance Minister with those representing the Japanese government, particularly the Japan Bank for International Cooperation (JBIC) which will guarantee the issuance of the Samurai bond, it agreed to reduce the interest rate to 0.5 per cent with a maturity period of 10 years.

The interest rate for the first Samurai bond of 200 billion yen was 0.63 per cent with also a maturity period of 10 years. –Bernama

   
Email Print