Wednesday, June 27, 2012

News bits | 27 June 2012

Reports
§  Newz Bits [download report]

Malaysian news
§  CIMB: Steps back from APH project
§  Construction: MRT Corp likely to award two viaduct packages
§  SP Setia: Under selling pressure
§  TNB: Government to discuss ‘extra RM1.6bn gas bill’
§  Genting: Stalks Australia’s Echo as Packer lurks
§  UMW: Buys drilling assets for RM683m
§  IGB Corp: To receive RM770m cash from REIT IPO
§  Sarawak Oil Palms: Commissions refinery and fractionation plant
§  TSH: Partners offer to buy out Pontian United
§  UMLand: Upbeat with RM1bn in projects
§  Puncak Niaga: AGM turns ugly
§  Scomi Engineering: Monorail project in Brazil to commence next month
§  Scomi Marine: Plans to spend US$45m to buy 2 vessels
§  Banking: BEA stake in Affin not for sale
§  Media: Astro asks banks for RM3.2bn IPO mandates

Global news
§  US: Consumer confidence falls to five-month low
§  US: Home prices in decline at slowest pace since 2010
§  Europe: EU officials unveil plan for closer union
§  Japan: Noda victory on Japan sales tax legislation risks party majority
§  India: Singh takes on India finance role after Mukherjee’s resignation

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