Highlights of the day
§
Economics
(Money and Banking): March
2012: Fiercer competition as annualized YTD loans growth slows. [download
report]
March 2012 overall loans grew marginally faster by
12.2% y-o-y after growing 11.9% y-o-y in February. On annualized YTD basis
however, there is a clear slowdown in total loans growth. The slower loans
growth was due to the banks being more stringent in approving loans. At the
same time, the banks became more competitive against each other as average
lending rate fell by 34bps while cost remained the same. M3 remained
accommodative. The OPR is expected to remain unchanged.
Other reports
Other Malaysian news
§ Berjaya Land
§ MAS: Sabah, Sarawak
to get major share in MASwings
§ MAS: Share swap off, MAS to raise RM3bn in bonds
§ Multi-Purpose: Selling insurance arm
§ Carlsberg: Price hike cannot cover higher input cost
§ Proton: Facing major shake-up
§ CMS: OM Sarawak
signs deal with Hanwa
§ Evergreen: US$50m claim exaggerated
§ Perdana Petroleum: IPIC keen on Petra Energy stake
§ Property: Khazanah plans S$7bn project in Singapore
§ Property: Serious home buyers undeterred
§ IPO: Astro to be re-listed?
Global news
§ US: Consumer
sentiment in climbs to highest level in year
§ US: Inventories,
weak business spending curb 1Q2012 growth
§ US
§ China
Our on-line
trading portal at www.ecmmoney.com
