Thursday, December 27, 2012

News Bits | 27 Dec 2012


Dear Readers, 

During this festive period, will be suspending our Daily products from today and resume in the New Year. We would like to thank you for your continued support and look forward to improving your readership experience in 2013. 

Merry Christmas and a very Happy New Year.

Sincerely
The A Team,
DN, PT, LJN, AK, TYK, RL


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IDEAS OF THE DAY (SEE SEPARATE REPORTS FOR DETAILS)
l  On Our Radar: GCB
l  Technically Speaking: OLDTOWN, SPSETIA
NEWS HIGHLIGHTS
l  Silver Bird chalks up RM18m 4QFY2012 loss
l  Felda plans RM60.0b township project in Pengerang
l  TH Heavy gets stake in oil and gas deal
l  Gabungan AQRS clinches RM36m industrial property contract
l  UEM Builders' major feat in Second Penang Bridge work
l  XOX looks at possible fund-raising exercise for working capital requirements
l  Tiger Synergy awaiting response
l  Sunchirin plans privatisation
FOREIGN NEWS HIGHLIGHTS
l  Starbucks employees to send politicians message on Cliff
l  India rejects Mahindra's proposal for defense JV with Rafael
 
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l  FTA With Australia To Take Effect On Jan 1
Asia
l  Singapore November Industrial Output Recovers On Pharmaceuticals
l  Thai Exports Up 26.9% On-Year In November
l  Thai Growth Forecast Lifted To 5.7%
l  Aso Named Japan’s Next Finance Chief As Abe Primes Fiscal Pump
l  South Korea’s Manufacturer Confidence Rebounds After Election
l  North Korea’s China Trade Expanded More Than 60 % In 2011
Americas
l  US Fiscal Cliff: Treasury To Act To Delay Debt Limit
l  US Home Prices Rose In Ninth Straight Month
l  US Holiday Retail Sales Growth Weakest Since 2008
l  Chile Raised To 4th-Highest Rating At Standard & Poor’s
Currencies
l  Philippines Imposes Currency-Forward Caps To Restrain Peso Surge
l  Dollar Climbs To Highest Level vs. Yen Since 2010
Commodities
l  Oil Jumps To Nine-Week High On Us Fiscal Talks, Technicals
l  Gold Slips On U.S. Budget Woes