F&N hires Goldman to advise on Heineken’s bid for beer maker
SINGAPORE: Singapore conglomerate Fraser and Neave (F&N) has hired Goldman Sachs to weigh Heineken NV’s $6 billion bid for Asia Pacific Breweries (APB) as the takeover battle for the maker of Tiger Beer intensifies, sources said……
Inari plans share issue to part finance Amertron Global purchase
Inari Bhd plans to issue 84.2 million new ordinary shares to raise RM30.3 million to partly fund the acquisition of a Philippines company, Amertron Inc (Global) Ltd……
Markets in the red at midday
Key regional markets fell in the morning session on Monday, as worries about slower China growth and the Eurozone weighed on investors’ sentiment, with the key Asian indices down as much as 2.5%……
MTD ACPI gets RM303m job to expand Sg Buloh-Rawang stretch
MTD ACPI Engineering Bhd has secured a RM303.20mil contract to build a fourth lane between Sungai Buloh and the Rawang interchange……
Public Bank Q2 earnings at RM952.69m, 20 sen dividend
Public Bank Bhd posted net profit of RM952.69mil in the second quarter ended June 30, 2012, a slight dip of 0.2% compared with RM954.88mil a year ago due to a change in accounting policy a year ago…..
CMMT bucks cautious market on strong earnings
CapitaMalls Malaysia Trust (CMMT) rose on Monday, bucking the weaker market, after it posted a 30% increase in its earnings at RM68.90mil for the first half ended June 30, 2012……
SK Petro slips in active trade
Shares of SapuraKencana Petroleum Bhd fell on Monday on profit taking and in line with the cautious markets……
OSK Research: YTL Land could extend rally
OSK Retail Research sees a possibility of YTL Land & Development Bhd extending its rally, after the firm close on high volume last Friday……
GLOBAL ECONOMY WEEKAHEAD – No winners in race for growth medals
LONDON: “”Faster, Higher, Stronger”" is the motto of the Olympics opening in London on Friday. “”Slower, Lower, Weaker”" would be a better description of the economic performance of many of the countries competing in the games……
KLCI starts week on weaker note
The FBM KLCI was lower in early trade on Monday, weighed down by key regional markets as investors turned cautious whether Spain could avert a sovereign bailout……
HDBSVR sees Asian markets on the defensive
Hwang DBS Vickers Research expects Asian investors to be on the defensive on Monday following renewed concerns over eurozone’s intensifying sovereign debt crisis……
RHB Research maintains CPO price at RM3,100
RHB Research Institute is maintaining its Neutral call on the plantations sector with the crude palm oil (CPO) price assumptions of RM3,100 a tonne for CY2012……
Shares, euro pressured as Spain stokes bailout fears
TOKYO: Shares fell and the euro stayed vulnerable after hitting fresh lows early on Monday in Asia, as concerns grew about Spain’s ability to stave off a sovereign bailout……
Malaysia’s real estate remains a preferred investment choice
PETALING JAYA: Despite the overall gloom and doom in the global economy, a glut of condominiums and cooling measures by Bank Negara to deter speculation in the overall property market, the general observations on the ground indicate strong sales for …..
Mobile banking services coming up
KUALA LUMPUR: Malaysian Electronic Clearing Corp Sdn Bhd (MyClear), a wholly-owned subsidiary of Bank Negara, has teamed up with three banks and is working with another three this year to offer mobile banking services……
M’sian stocks main index record run likely to continue this week; Wall Street week ahead
FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to extend its record-setting run this week on positive external and internal sentiment, dealers said……
Olympics lift for Malaysian food processing
GEORGE TOWN: The summer Olympics in London and higher poultry prices are expected to help boost the business of value-added food processing companies in the second half of this year……
Strong pick-up in commercial vehicle sales
PETALING JAYA: The commercial vehicle segment is expected to see a bigger increase in sales compared with passenger vehicle this year, as demand is expected to be buoyed by rising commercial activity and healthy construction sector growth……
DRB-Hicom opens multi-million flagship Lotus store in London
LONDON: DRB-Hicom Bhd thumbed its nose at detractors who speculated that it is putting loss-making Lotus Group up for sale, by opening a multi-million flagship store in fashionable West End here……
Malaysia’s trading nation status remains
MALAYSIA is an open economy. Exports account for 118% of our gross domestic product (GDP). As a country with a relatively small domestic market, we depend on international trade to support economic growth……
Axiata Strong dividend potential for relatively cheap telco play
THE excitement on Axiata Group Bhd is almost palpable. The stock is currently playing catch-up to its peers of Maxis Bhd and DiGi.Com Bhd and the noise on the grapevine has been all about more dividends along with foreign buying of the stock……
Bonus/Rights Issues
Bonus/Rights Issues…..
Investors face uncertain week on Japanese markets
INVESTORS face an uncertain week on Japanese markets as positive corporate earnings at home and abroad may be offset by wider concerns about the global economy, dealers said Friday……
British investors watching data and company earnings this week
INVESTORS on the London stock market were to pore over key British growth data and a clutch of company earnings updates this week……
MB: Rapid real estate growth in Perak
IPOH: The real estate sector in Perak is undergoing rapid development especially in Parit Buntar and Bagan Serai as demand for housing was mounting, says Mentri Besar Datuk Seri Dr Zambry Abdul Kadir……
Busy time for Prasarana with rail-and-property projects
PETALING JAYA: The next 18 months will be a busy time for Syarikat Prasarana Negara Bhd as it goes full steam ahead with its rail and property projects, what its group managing director Datuk Shahril Mokhtar once called its rail-and-property play……
The Haven set for completion mid-2013
IPOH: The Haven, the luxury lakeside residence in Tambun, Ipoh is set for completion by the middle ofnext year, said The Haven Sdn Bhd chief executive officer Peter Chan……
Strong demand for CIMB notes issuance
Kuala Lumpur: Demand for CIMB Bank Bhds newly launched 5-year senior unsecured notes issuance under its US$1bil euro medium term note programme attracted in excess of US$1.2bil with Asian investors accounting for 86% of the allocation with the balan…..
AmBank issues six new put and call warrants
KUALA LUMPUR: AmBank (M) Bhd issued three pairs of put and call warrants over the ordinary shares of MBM Resources Bhd (MBMR), Malaysia Building Society Bhd (MBSB) and RHB Capital Bhd (RHBCAP)……
ECB’s Coeure says negative bank deposit rate an option
MEXICO CITY: Cutting the deposit rate the European Central Bank (ECB) offers lenders in the eurozone below zero is an option, ECB executive board member Benoit Coeure said……
Worries over HSBC scandals
LONDON: A scandal erupting at Europes biggest bank HSBC has added to concerns over the state of Britains financial sector amid the Barclays rate-rigging affair and as the industry faces a major shake-up……
DNest Aviation Services to leverage on Sapuras strength
SUBANG JAYA: DNest Aviation Services Sdn Bhd is game to expand its operations and venture into the aviation engineering school segment by leveraging on the strength of new owners Sapura Resources Bhd (SRB)……
Australian gas rush set to overhaul Qatars lead
SYDNEY: Australia is set to become the worlds biggest liquefied natural gas producer, with analysts predicting it will overtake Qatar by 2020 as it unlocks reserves that could last more than a century……
CPO seen to face choppy trade this week
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives is likely to see choppy trading this week in the absence of positive factors, dealers said……
KLTM expected to perform this week
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is expected to stage a better performance this week with demand emanating from Japan and Europe……
Rubber market likely to be quiet this week
KUALA LUMPUR: The Malaysian rubber market is likely to be quiet but steady this week on lack of fresh leads, dealers said……
Spain full-blown bailout fears peak after black Friday
MADRID: A eurozone bailout for Spains banks and a tough batch of pay cuts and tax hikes have not been enough to save the country from the risk of a full-blown bailout, analysts warn……
Indonesia’s weakening rupiah raises concerns
JAKARTA: Indonesia’s weakening rupiah and widening current account deficit are raising concerns about South-East Asia’s largest economy, which is struggling against contagion from the global crisis……
IMF accused of suppressing info, veteran economist resigns in protest
WASHINGTON: A veteran economist at the International Monetary Fund (IMF) has accused the global lender of suppressing information on difficulties in dealing with the global financial meltdown and eurozone crisis……
US regulators seek Japan’s help in Tibor probe
TOKYO: The US Securities and Exchange Commission and the Commodity Futures Trading Commission have asked Japanese banks and regulators for help in checking whether the Tokyo interbank offered rate, known as Tibor, was manipulated by US banks and othe…..
Murdoch quits boards of British papers
LONDON: News Corps Rupert Murdoch has stepped down from a string of boards overseeing the Sun , Times and Sunday Times newspapers in Britain, the company said in an internal memo on Saturday……
Study: Western fast food tied to heart risks in Asia
Even relatively clean-living Singaporeans who regularly eat burgers, fries and other staples of U.S.-style fast food are at a raised risk of diabetes and more likely than their peers to die of heart disease, according to an international study……
Australia producer prices tame in Q2, low CPI seen
SYDNEY: Australia’s producer prices rose by a little more than expected last quarter as a softer currency pushed up import costs, yet annual growth in prices still slowed to a two-year low in a promising sign for keeping consumer inflation contained……
Nasdaq compensation plan for botched Facebook debut may not enough
NEW YORK: Nasdaq OMX Group’s plan to pay a total of US$62 million to firms that lost money due to Facebook Inc’s botched market debut may fall short of appeasing Wall Street market makers, which would have to sign off on their right to take legal act…..
UK firms pay record US$36bil in Q2 dividends
LONDON: UK companies paid a record 22.6 billion pounds (US$35.50 billion) in dividends in the second quarter as many firms baulked at spending bumper cash piles on deal making or other forms of capital expenditure in the face of the global economic s…..
NRG Energy buys GenOn in US$1.7bil stock deal
NRG Energy struck a deal to buy rival GenOn Energy Inc for $1.7 billion in stock, forming the largest U.S. independent power producer as the companies contend with sagging electricity prices……
Rake shuns Barclays chairman role
LONDON: Michael Rake, deputy chairman of Barclays Plc, has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal……
Japan Fukushima probe panel urges new disaster prevention steps
TOKYO: A government-appointed inquiry into Japan’s Fukushima nuclear crisis raised doubts on Monday about whether other atomic plants were prepared for massive disasters despite new safety rules, and delivered a damning assessment of the regulators a…..
Analysis: For brokers like Peregrine, from bad times to worse
CHICAGO/NEW YORK: Long before Peregrine Financial Group’s dramatic collapse last week, months before MF Global’s meltdown triggered an industry-wide crisis of confidence, the world of the independently owned futures broker was not a happy one……
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