Saturday December 14, 2019 13:07

Stcoks Press Release : 18 Nov 2019

PwC publishes results of global survey on technology, jobs and skills Stcoks—18 Nov 19

- Over a third (34%) of adults without school education or training beyond school say they are not learning any new digital skills compared with just 17% of college graduates - 53% of workers believe automation will significantly change or make their job

Fitch Rates PTT Exploration#s Global MTN Programme at #BBB+# Stcoks—18 Nov 19

Bangkok--18 Nov--Fitch Ratings

Fitch Ratings has assigned a 'BBB+' rating to PTT Exploration and Production Public Company Limited's (PTTEP; BBB+/Positive) USD3 billion global medium-term note programme (GMTN) and a 'BBB+(EXP)' rating to the proposed senior notes to be issued under the GMTN programme.

PTTEP's ratings are equalised with that of its parent, PTT Public Company Limited (PTT; BBB+/Positive), reflecting our assessment of the strong operating and strategic linkages between the two companies. We assess PTTEP's Standalone Credit Profile (SCP) at 'bbb', reflecting its reasonable production size, relatively low but improving reserves and strong financial profile.

The US dollar notes are rated at the same level as PTTEP's senior unsecured debt as they will constitute the direct, unconditional, unsubordinated and unsecured obligations of PTTEP. Fitch expects the bond proceeds to be used for the redemption of PTTEP's USD500 million in perpetual hybrid bonds. Fitch believes the hybrid bonds form part of PTTEP's long-term capital structure from our interaction with management, and will apply equity credit based on the characteristics of the instrument. The final rating is contingent upon the receipt of final documents conforming to the information already received.

KEY RATING DRIVERS
Strong Linkages with Pare

Hong Leong Bank Launched the Next Generation Digital Bank in Vietnam Via HLB Connect Mobile Stcoks—18 Nov 19

Hong Leong Bank Vietnam ("HLBVN"), a subsidiary of Malaysia-based Hong Leong Bank Berhad ("HLB" or "the Bank"), has launched the next generation, customer-centric digital bank in Vietnam via its mobile banking platform, HLB Connect, which enables