TRIS Rating affirms the company rating on CP All PLC (CPALL) and the ratings on its outstanding senior unsecured debentures at ?A+? with a ?stable? outlook. At the same time, TRIS Rating assigns the rating of ?A+? to CPALL?s proposed issue of up to THB66 billion in senior unsecured debentures. The proceeds from the new debentures will be used to refinance its outstanding debts and for working capital needs.
The ratings continue to reflect CPALL s strong business profile, underpinned by its market position as the dominant operator of convenience stores in Thailand, the cash-base nature of its business, the strength of its nationwide store network, and its well-established support facilities.
WORLD OF BUZZ
Published 2 months ago
If you’ve been here when Makro turned into Tesco and Tesco into Lotuss, it’s time to acknowledge that you’re getting older!
What with ntv7 ceasing its broadcast and now Tesco Malaysia being rebranded, it’s truly the end of an era. Over the past few days, Malaysians have noticed something different at the Tesco stores they visited with a rebranding notice.
Even those using MySejahtera pointed out that the name of the store has changed when they checked in. To clear all doubts, Tesco Malaysia themselves released a statement yesterday clarifying that they will be changing their names to Lotuss Stores (Malaysia) Sdn Bhd.
CIMB Will Be Discontinuing The CIMB Tesco Platinum Credit Card
2 minute read
CIMB has announced that it will be discontinuing the CIMB Tesco Platinum credit card following “a strategic review between CIMB and Tesco Stores Malaysia Sdn Bhd”. However, the bank has yet to reveal the effective date of the discontinuation, stating instead that it will inform cardholders in a later notification.
The CIMB Tesco Platinum credit card provides up to 5% cashback when you spend at Tesco (capped at RM50), depending on your minimum monthly expenditure. It also lets you earn extra Tesco Clubcard points, even for non-Tesco retail expenses. The earning of these points is set at the rate of 1 Clubcard point for every RM2 (Tesco spend) or every RM4 (other retail spend).