News Bits | 6 August 2012

Reports

§  Newz Bits [download report]

Malaysian news

§  Dialog: Unit enters agreement with engineers

§  IJM Land: In UK venture            

§  Tan Chong: Lower excise duties will hurt automotive industry

§  United Malacca: Output to cushion CPO price fall

§  CMS: Plans third cement plant

§  Dijaya Corp: EPF denies partnering Dijaya in RRIM land redevelopment         

§  Muhibbah Engineering: To diversify its business

§  Tadmax: In timber JV

§  Tadmax: Plans land sale to pare debts

§  Plantation: Bearish outlook on CPO

§  Property: ETP drives demand for luxury condominiums

§  Port: Groups buoyant on Penang Port privatisation

§  Steel: Chin Well expanding ops

§  Oil & Gas: Newfield sets aside RM422m for ops here

Global news

§  US: Trade deficit probably narrowed in June

§  US: Rising debt for students may weaken credit story

§  Europe: Spain awaits ECB move before deciding on bailout

§  Europe: ECB decision is ‘step forward’ for Euro

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