Friday, February 10, 2012

Newz Bits 100212

Highlights of the day
§         Economics (Industrial Production Index): December 2011: The year ended strongly but the future is meek. [download report]
The December industrial production index (IPI) for Malaysia grew by 3.0% y-o-y, from a revised 2.4% y-o-y in the previous month. The growth was driven by performance of the manufacturing index and recovery in the mining index. This suggests that the GDP growth for 4Q2011 and 2011 as a whole will be relatively strong. While the IPI and the domestic economy have shown resilience, we expect growth to taper off to a more measured pace in the near future. We project the IPI to grow slower at approximately 1.8% in January 2012. (refer to report for details)

Other reports
§         Newz Bits [download report]

Other Malaysian news
§         Berjaya Land: Sells BToto stake for RM80m cash
§         Proton: Group yet to decide on new management line up
§         Dijaya Corp: Moves on mixed projects
§         Hua Yang: To raise RM100m for acquisitions
§         Mahajaya: Takeover offer for Mahajaya at 85 sen each
§         Kumpulan Jetson: Buys China's Asian Corp
§         Automotive: VW to produce cars at Proton plant?
§         Commodity: Malaysia’s palm oil exports hit RM80bn in 2011
§         Construction: MRT Corp CEO clarifies tender evaluation process
§         Investment: Khazanah, PNB to divest 10 companies
§         Oil & Gas: Opec cuts 2012 global oil demand growth forecast
§         Economy: Total trade up 8.7%, thanks to Asia exports
§         Economy: Malaysian exports continue to grow despite economic headwinds

Global news
§         Indonesia: Bank Indonesia unexpectedly cuts reference rate
§         US: Labor-market gains
§         US: Wholesale inventories increase more than forecast
§         Europe: ECB keeps rate at 1% as focus turns to role in Greek debt swap
§         Europe: Juncker says Greek parliament must approve deal with troika
§         UK: BOE adds GBP50bn to stimulus on Euro ‘concerns’
§         UK: Manufacturing jumps by 1% as trade deficit shrinks
§         India: Trade deficit widens as import growth outpaces exports
§         South Korea: BoK holds rate for eighth month as growth slows


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