Newz Bits 180112

Reports

§         Newz Bits [download report]

Malaysian news

§         TNB: Posts Q1 net loss of RM225m, revenue lower at RM8.7bn

§         Axiata Group: Eyes Tikona stake?

§         Telekom Malaysia: Eyes HSBB service pacts with 20 property developers

§         Maybank: To sell stake in Indonesia's BII

§         IOI Corp: Buys Singapore land for S$408m

§         AMMB Holdings: AMMB, ANZ ink deal to collaborate in 27 countries

§         SP Setia: Eyes move into Vietnam city centres

§         Proton: DRB-Hicom buys another 7.7% Proton stake

§         Star Publications: Moves into mobile internet

§         MBSB: Shrugs off takeover talk, to grow east Malaysian contribution

§         Axis REIT: Targets to grow assets to RM2bn by 2013

§         Sarawak Plantation: In pact with Citra Widya

§         Prestariang: Arm secures RM14m job

§         Bina Puri: Secures RM864m Pakistan job

§         Automotive: Sales rise to 2.5% to 615,000 units in 2012

§         Power: Coal-fired power station and 500kV transmission network are in the pipeline

§         Oil & Gas: Petronas awards deepwater jobs

§         Shipping: Labuan Shipyard eyes jobs worth RM150m

Global news

§         US: Manufacturing in New York Fed region expands at faster pace

§         US: Obama jobs panel pushes tax reform, domestic drilling

§         Europe: European T-bills see solid demand

§         Europe: Greece is insolvent, will default on its debt, Fitch says

§         Europe: Inflation slows more than initially estimated

§         China: GDP slower at grew 8.9%

Visit ECM Libra at https://www.ecmlibra.com/ecmlsmy

Our on-line trading portal at www.ecmmoney.com