Thursday, March 8, 2012

News Bits | 8 March 2012

Reports
§         Newz Bits [download report]

Malaysian news
§         Sime Darby: Makes cash advance to Bakun dam JV
§         OSK Property Holdings: Buying land for RM45.4m
§         Silver Bird: LTH won’t interfere
§         Banking: Rise in loan provisions
§         Power: 1MDB buys Tanjong’s power assets
§         Economy: Export growth slowest since October 2010
§         Economy: Foreign reserves at RM426.7bn

Global news
§         US: ADP estimates companies added 216,000 jobs in February
§         US: Consumer credit rose more than forecast in January
§         US: Payroll revisions point to stronger job market
§         US: Worker productivity cools as labor expenses jump
§         Europe: Greek debt swap gets more support
§         Australia: GDP expands at half the pace economists forecast