News Bits | 26 June 2012

Reports

§  Newz Bits [download report]

Malaysian news

§  Top Glove: To acquire PT Agro

§  KPJ Healthcare: Sets aside RM2bn capex over next 5 years to boost production

§  Petronas Dagangan: In RM200m capex plan

§  Bernas: To finalise rice concession agreement by August

§  Dijaya: Subsidiary to buy Johor land

§  Muhibbah Engineering: Injects fab yard into Favco

§  Plantation: Land acquisitions to speed up

§  Plantation: Proposal to export excess oil palm seeds

§  Retail: MRCA raises revenue growth forecast

Global news

§  US: Home sales reach two-year high as rates fall

§  Europe: Merkel hardens resistance to euro-area shared debt at summit

§  Europe: Spain formally asks for bank help

§  Europe: Spain plans two-year budget blueprint to counter deficit doubts

§  Europe: 28 Spanish banks cut by Moody’s on debt risk

§  Europe: Cyprus becomes 5th EU member to seek rescue

§  India: RBI boosts foreign debt cap by US$5bn to defend rupee

§  Thailand: May exports rise more than expected as production improves

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