Newz Bits 250112

Highlights of the day

§         Economy (Leading Economic Indicator): November 2011: The clearest sign of economic cooling yet. [download report]

The November leading indicator for Malaysia presents a weary outlook for the domestic economy. The leading indicator grew by 0.7% y-o-y only, the slowest growth rate since July 2009. This development should be read together with the inflation rate and the industrial production index figure; all suggest that the domestic economic growth is cooling down.

Other reports

§         Newz Bits [download report]

Other Malaysian news

§         SP Setia: Revised takeover offer

§         Genting: AWE and Genting unit in deal worth RM120m

§         RHBCap: Hopeful of completing OSK deal by April

§         AirAsia: Deploys new customer service system

§         Multi-Purpose: To sell hotel to pare down debt

§         CMMT: Higher FY11 pre-tax profit

§         Scomi Engineering: JV signs Brazilian monorail contract

§         DBE Resources: Three-way fight for DBE Gurney?

§         Vastalux: PBJV Group in back-door listing

§         Automotive: Perodua says sales slowed in January

§         Healthcare: Khazanah IHH acquired 60% stake in Turkey Acibadem

§         Semiconductor: Chip sector recovering in 2Q

§         Economy: Bank Negara reserves at RM423.5bn

Global news

§         US: Growth trails forecasts as consumers retrench

§         US: Sales of existing homes end 2011 on high note

§         Europe: Greek creditors urge quick deal after Eurozone rejection

§         Europe: EU hits Iran with oil ban, asset freeze over nuclear effort

§         Japan: BOJ cuts growth forecasts for FY2012, keeps policy unchanged

§         Japan: Fiscal pressure rises as tax increase not enough

§         India: Central bank unexpectedly cuts reserve ratio

§         Global: IMF says Europe crisis threatens to derail global economy

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