News Bits | 12 Dec 2012

Highlights of the day

§  Economics (Industrial Production Index): October 2012: Production grows faster on domestic factors [download report]

The industrial production index (IPI) for Malaysia grew by 5.8% y-o-y in the month of October after growing by 5.0% y-o-y in September. The September growth rate was revised upward to 4.9% y-o-y. Production grew faster in spite of bad export figures observed during the same month. This may suggest that growth was fueled by domestic factors more than anything else. Our preliminary forecast suggests that the IPI may grow by 5.3% y-o-y in November as the external demand may continue to apply downward pressure on overall production even as domestic demand is becoming the more dominant factor.

 

Other reports

§  Newz Bits [download report]

 

Other Malaysian news

§  Maxis: Allocates RM500m over the next 3 years for 4G LTE

§  Telekom: VADS eyes more telepresence tie-ups

§  MMC: To relist Malakoff

§  Genting Plantations: Genting Simon plans for JPO expansion

§  Berjaya Toto: Business trust gets nod to list on SGX

§  DRB-Hicom: Petronas engines for Proton cars

§  IJM Land: 2013 start for RM5bn Penang project

§  Telco: MCMC defends spectrum award

 

Global news

§  US: Wholesale inventories rose in October

§  US: Trade deficit widened in October as exports slump

§  US: Job openings gain shows labor market improving

§  Europe: Greece meets goal in debt buyback as nation seeks to unlock aid

§  China: New loans trail forecasts in sign of slower growth

§  Indonesia: Bank Indonesia holds key rate to shield Rupiah

§  Global: OPEC uniting to keep quota steady

 

 

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

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