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High Drama and Big Impact: Trump’s Bold Tariff Plans and What to Expect

Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
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Axiata Group Launches US$200 Million Buyback Offer for 2050 Medium-Term Notes

Axiata Group Bhd has announced a buyback offer of up to US$200 million for its outstanding medium-term notes (MTNs) due in 2050, issued by its subsidiary Axiata SPV5 (Labuan) Ltd. The MTNs, originally valued at US$1 billion, are listed on the Singapore Exchange. This buyback initiative is part of Axiata’s strategy to reduce gross debt, lower interest costs, and optimize its capital structure by using surplus cash to retire and cancel the purchased notes.

Key Details:

  1. Buyback Offer: Axiata is offering eligible holders the opportunity to sell back their MTNs, with the offer set to expire on September 27, 2024. The terms of the offer are detailed in the tender offer memorandum.

  2. Strategic Financial Management: The buyback is aimed at reducing Axiata’s debt burden and improving its financial health, reflecting the company’s focus on managing interest costs and enhancing its overall capital structure.

  3. Market Reaction: Following the announcement, Axiata's share price increased by 3.66% to RM2.55, giving the company a market capitalization of RM23.41 billion.

This move underscores Axiata’s commitment to maintaining a robust financial position while providing flexibility in managing its long-term debt obligations.

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