Highlights of the day
§
Economics
(Money and Banking): May 2012:
Strong business loans growth, but uneven throughout the economy [download
report]
May overall loans grew by 12.5% versus 12.1% y-o-y in
April and this was driven by stronger business loans. Business loans in turn
were powered by loans to the real estate sector. Systemwide average
lending-cost of funds spread however thinned to its lowest level since March
1999. Meanwhile, money supply grew slower. We expect the OPR to remain at 3.00%
while there is a room for a cut if needs be.
Other reports
Other Malaysian news
§
Axiata: Broad
plan to clinch top position
§
AirAsia: Has
LCCT backup plan
§ Tradewinds:
To redevelop Crowne Plaza & Kompleks Antarabangsa
§ KSL:
Awaiting nod for project
§ Green
Packet: To place out to strategic investor
§ EP
Manufacturing:
Eagerly awaits approvals for MEX takeover
§ TSR
Capital: Optimistic
of winning more MRT jobs
§ Catcha
Media:
To acquire Aussie firm
§
Automotive: MAA
seeks exemption from Competition Act
§ Oil
& Gas: Sidek is new chairman for Petronas
§ IPO:
Gabungan AQRS to use IPO
proceeds for expansion
§ Economy: BNM measures
taking effect on personal loans
Global news
§
US: Consumer
sentiment falls to lowest since December
§
US
§
Europe : Euro-area
lending contracts for the first time in two year s
§
Europe : German
retail sales unexpectedly fell for a second month in May
§ China : China data signal Europe
aggravates slowdown
§
South Korea : Output
rises as won fuels sales to offset Europe
§ South Korea
§
Vietnam
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