News bits | 14 May 2012

Reports

§  Newz Bits [download report]

Malaysian news

§  Axiata: Zooms in on targets

§  Maybank: Ups stake in Vietnam ops

§  AirAsia: Thai AirAsia’s fleet to double

§  MMC Corp: Malakoff buys stake in Bahrain power plant

§  SP Setia: Expands footprint in Penang

§  KrisAssets: Proposal to sell Mid Valley, Gardens malls

§  Maybulk: To scale back dividends, buy new vessels

§  Bintulu Port: Samalaju deepsea port project funded via equity, debt

§  Puncak Niaga: Tipped to land marginal oilfield job

§  Kimlun: Wins RM149m job

§  L&G: Eyes land worth RM1bn GDV

§  Xidelang: Mulls dual listing

§  Construction: MRT contract gets tepid response

§  Economy: BNM keeps OPR unchanged at 3%

Global news

§  US: The federal government logs first monthly budget surplus in 42 months

§  US: Consumer sentiment climbs to four-year high

§  US: Producer prices decrease for first time in four months

§  China: People’s Bank of China cut reserve requirements by 50bps

§  China: Industrial output boosts easing odds

§  Global: China, Japan, South Korea agree to start free-trade negotiations

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