Highlights of the day
The Government of Malaysia is embarking on a
rationalization exercise to address concerns primarily on fiscal deficit and
government debt. This includes subsidy liberalization and the introduction of
complementary policies to blunt the negative effect of the liberalization. Two
most prominent policies are one-time direct cash transfer and minimum wage. We
estimate the combined impact of the three policies may have increased aggregate
household expenditure by RM6.48 billion at most.
Other reports
Other Malaysian news
§ Public
Bank: In early redemption of subordinated notes
§ Axiata: Celcom Is
LTE-ready
§ Genting
Malaysia : Still eyes New York
§ YTL: Comms
Asiaspace to roll out mobile broadband
§ RHBCap:
More acquisitions to boost overseas presence
§ AirAsia: To list AirAsia X
or Indonesian unit this year
§ Felda Global: Not buying into Silver Bird
§ Media
Chinese: Buys Chinese daily
§ Alam
Maritim: Acquires work barge for RM94.7m
§ SEGI: Deadline
change
§ Construction: MRT Corp
makes public tender evaluation criteria
§ Construction: Prasarana not calling in fresh bids for LRT
systems job
§ Media: 60 firms to
have taken documents to bid for DTT
§ Oil
& Gas: FID reached on first facility for LNG exports
§ Oil & Gas: Petronas’ first floating LNG plant in 2015
§ Oil & Gas: Price mechanism for natural gas
Global news
§ US: Factory
orders unexpectedly dropped in April
§ Europe: Germany
§ Europe: G7
to hold emergency euro zone talks, Spain
§ Europe : Producer-price
inflation slows for seventh month
§ Japan
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