Wednesday, April 4, 2012

News Bits | 4 April 2012

Reports
§         Newz Bits [download report]

Malaysian news
§         Sime Darby, MMHE: Completion of the SDE yard acquisition
§         Sime Darby: Sued again by EMAS
§         MAS: Turnaround plan faces setback
§         Sarawak Oil Palms: Increases investment in JV co
§         MRCB: Open to selling EDL
§         MKH: Awarded contract worth RM675m
§         Greenyield: Signed a JV agreement with Kelantan government
§         Xian Leng: MD resigns over accounting issue
§         PNB: Pulls RM1.3bn bid for London property
§         Felda: Keen on Myanmar
§         IPO: Strong response to EITA IPO
§         Economy: Petronas to cut annual dividend to Government
§         Economy: Price of RON97 is now RM2.90 a litre

Global news
§         US: Fed signals no need to ease more unless growth falters
§         US: Factory orders rose 1.3% in February on capital goods
§         US: March auto sales up 13%
§         China: Opening speeds as QFII quota increased to US$80bn
§         Japan: Monetary base slides for first time since 2008
§         Australia: Key rate holds up at 4.25% as domestic growth weakens