Highlights of the day
§ Economics (Consumer Price Index): November 2011 Statistics: Stable and possibly moderating [download report]
November inflation was stable and showed signs of moderation. It grew at a slower pace of 3.3% y-o-y, compared to 3.4% y-o-y last month. Core inflation suggested moderation as well; it registered growth of 2.1% y-o-y, compared to the recent maximum of 2.5% y-o-y registered back in June 2011. This may relieve pressure to hike the OPR in January 2012.
§ Economics (Leading Economic Indicator): October 2011 Statistics: The near future looks okay still [download report]
The leading indicator suggests that the economy will still be growing in the near future. The leading index grew 2.4% y-o-y in October. The coincident index meanwhile indicated that economic activities in the month also registered growth (1.3% y-o-y) to concur with the relatively favorable figures produced by the October Industrial Production Index.
Other reports
§ Newz Bits [download report]
Other Malaysian news
§ DRB-Hicom: Swaps land status in RM76m deal
§ Boustead Holdings: No plan to privatise unit
§ KFC-QSR: Accept MESB's takeover offer
§ LBS Bina: Upbeat on RM800m sales target
§ Cypark Resources: Sees RM17m revenue from renewable energy
§ Fajarbaru: Unit bags government deal
§ Banking: Malaysia
§ Banking: Blueprint to develop a strong financial ecosystem
§ Construction: Posco/Daewoo tipped to win Ampang LRT project
§ Oil & Gas: Petronas sells diesel and jet fuel to Bangladesh
§ Media: Vasseti to launch IPTV service in February
§ Economy: Government maintains 2011 & 2012 GDP forecasts
Global news
§ US: Sales of existing homes rise from deep slump
§ Europe : Banks devour ECB emergency funds amid frozen markets
§ UK
§ Japan
§ Japan : Exports slide a second month as Europe takes toll
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