News Bits | 29 Oct 2012

Reports

§  Newz Bits [download report]

 

Malaysian news

§  Bumi Armada:  New FPSO ready

§  AirAsia: To reap RM180m from Tune Ins IPO

§  AirAsia: EPF net seller of shares

§  DRB-Hicom: Expected to partner Mitsubishi

§  DRB-Hicom: Proton set to tie up strategic partnership with Japanese firm

§  TH Plantations: To buy land in Sarawak for RM255m

§  Cypark: Plans to expand supply to the national grid

§  Brahim’s Holdings: To complete acquisition of LSG Asia stake

§  Brahim’s Holdings: Hopes to wipe out losses 

§  Insurance: ING buy sets benchmark for CIMB-Aviva deal

§  Economy: Sabah has potential to become Malaysia’s economic powerhouse

 

Global news

§  US: Growth exceeds forecasts on consumer spending

§  US: Goods orders point to business spending slump

§  US: Jobless claims show limited labor market progress

§  US: Michigan consumer sentiment index increased to 82.6 in October

§  Europe: Troika proposes new debt restructuring for Greece, Spiegel says

§  China: Slowing Revenue Gains Seen Limiting Spending to Aid Growth

§  South Korea: Growth slows as global cooling caps exports

§  Singapore: Output declines

 

 

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