News Bits | 18 July 2012

Highlights of the day

§  Economics (Gross Domestic Product): Possible Grexit trade impact on Malaysia [download report]

There is some possibility of Greece exiting the Eurozone. Here, we try to estimate the rough impact of Grexit on Malaysia purely through Malaysian export loss to the Eurozone. While we expect the likelihood of Grexit occurring this year is low, its trade impact may drag the Malaysian economy into a technical recession if it happens.

Other reports

§  Newz Bits [download report]

Other Malaysian news

§  Tenaga, Tanjong: Lead Prai bid

§  AEON: Scraps purchase plan

§  KFC: Allocates RM65m for outlets expansion

§  Media Prima: Chinese business group wants to tie up

§  KEuro: To ink West Coast concession in 2 months

§  Trinity Corp: Land valuation poser

§  Ingress: Several parties keen to take Ingress private

§  Ingress: Seeks partnership with South Korean auto part maker

§  Consumer: GST on hold for better understanding

§  Utility: Both parties must agree on Syabas takeover

§  Plantation: Felda, Risda inks rubber replanting deal

Global news

§  US: Bernanke offers gloomy view but few new hints on easing

§  US: Factories show resilience as production rises

§  US: China boosts treasuries holdings amid slowing economic growth

§  Europe: Italy contracted more than 0.5% in 2Q2012

§  Europe: UK inflation unexpectedly slows as clothing prices drop

§  China: FDI drops 6.9% in June as growth cools

§  Singapore: Export growth unexpectedly quickens on pharmaceuticals

Visit ECM Libra at https://www.ecmlibra.com/ecmlsmy

Our on-line trading portal at www.ecmmoney.com