Highlights of the day
§ Banking (Sector Update): Nov 2011 Statistics [download report]
Total loans grew slower at 12.8% y-o-y. The growth however was likely due to typical variation in the series. The cost of funds-average lending rate fell slightly but more importantly, the rate of fall has been decreasing. From macroeconomic perspective, the monetary policy has accommodative. The M2 grew 12.8% y-o-y while the OPR has created an environment of low real interest rate. We expect the OPR to remain changed during the next January 2012 MPC meeting.
Other reports
§ Newz Bits [download report]
Other Malaysian news
§ Maybank: Mayban Ventures to invest RM1bn in next 5 years
§ TM: RM3bn capex for TM
§ TM: Batam-Dumai-Melaka cable system takes off
§ MAS: Unveils new management structure
§ Kelington: Has RM170m orders in bag, confident of more
§ Automotive: Perodua sees TIV growing 3%
Global news
§ Europe : German-French summit set
§ Europe: Spain
§ Europe : Euro-zone manufacturing activity falls for fifth month
§ China
§ India : Manufacturing shows resilience as Europe falters
§ Indonesia
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