Highlights of the day
Inflation as measured by the consumer price index
continued to moderate. Consumer prices in June increased by 1.6% after rising
1.7% y-o-y in May. Core inflation in
June slowed to 1.4% from 1.5% y-o-y in the previous month. Inflation moderated
across the board to indicate further loosening of demand-pull inflation. We
forecast inflation in July to be stable with both headline and core inflation
to remain at 1.6% and 1.4% y-o-y respectively.
Other reports
Other Malaysian news
§ TNB: Ready to power MRT works
§ MBSB:
Sell property unit to Ken Holdings
§ Mudajaya:
Extends power plant LOI for Zelan
§
CMS: Cement shortage
to be resolved soon
§ George
Kent: No indication of RM960m Ampang LRT contract
§
Tanjung
Offshore: Scores RM40m job
§ Automotive: 1H new car sales up 2%
§
Automotive: Perodua will
invest RM160m for plant upgrade
§ Construction: CSR ZhuZhou to build RM400m train plant
§ Economy: Private pension plan launched
§ Finance:
New trading platforms
§ Utility:
Water restructuring talks hit dry note
Global news
§ US: Fed
beige book says growth was ‘modest to moderate’ in June
§ US
§ US: NY
Fed unveils reforms to stabilize repo market
§ Europe: Samaras
risks voter wrath in Greece
§ Europe : BOE
policy makers say they may reassess rate-cut case
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