Friday, March 2, 2012

News Bits! 2 March 2012

Report
§         Newz Bits [download report]

Malaysian news
§         CIMB: Signs MoU with RBS
§         Genting: Singapore unit eyes new investments
§         TNB: Withdraws suit against Integrax
§         RHB: To part finance power plant in Johor
§         SapuraCrest-Kencana: Banks work on loan for merger
§         Supermax: Expands US presence
§         MAS: Eyes RM6bn on capex
§         MAS: Firefly unit set to grow further
§         Sunway: Eyes Iskandar expansion
§         MBSB: Expects 20% loans growth in 2012
§         Proton: Turnaround for Lotus hits snag
§         DRB-Hicom: Reviewing 3 rival plans for Proton
§         Silver Bird: Independent auditors unable to verify sales transactions
§         Kumpulan Jetson: Unit gets RM15m contract
§         Mining: Kedah seeks mining JVs
§         Plantation: Biogas project positive for oil palm industry
§         Economy: Government to aggressively promote Labuan via new committee

Global news
§         US: Initial jobless claims are lowest since March 2008
§         US: Manufacturing unexpectedly slows as orders cool
§         US: Auto sales pace hits four-year high on broad-based gains
§         US: January consumer spending rises 0.2%, incomes up 0.3%
§         Europe: Manufacturing, jobless data show region lagging
§         Europe: Ministers give go-ahead to raise money for Greek swap
§         China: Manufacturing data show risk of deeper slowdown
§         South Korea: Exports rise most in 6 months as outlook improves
§         Indonesia: Inflation slows before planned fuel-price increase
§         The Philippines: Central bank cuts interest rate a second time to boost growth