NEWS HIGHLIGHTS
- MAS union heads seek re-election
- It's business as usual for UMLand despite buyout
- Parkson ventures into Myanmar
- RM3.46b MRT contracts awarded
- Grand Banks to raise S$5.24m via share placement
- MBF may pay more special dividends in next two years
- RAM to closely monitor Pacific & Orient
FOREIGN NEWS HIGHLIGHTS
- Apple IPhone 5 pre-orders top 2.0m, doubling record
- AMD loses respected CFO, shares plunge
- Japan Airlines set to return to Tokyo exchange
ECONOMIC NEWSHIGHLIGHTS (MACRO BITS)
Malaysia
- Slowdown In Car Sales
Asia
- Japan Unveils Plan To Phase Out Nuclear Power
- Korea Department Store Sales Fall Most Since AtLeast '05
- South Korea Think Tank Cuts Growth Forecasts
- Singapore Exports Drop More Than Estimated OnElectronics
- India Cuts Reserve Ratio To Boost Growth WhileHolding Rates
- India Opens Retail To Global Supermarkets
USA
- US Factory Output Falls Sharply
Europe
- European Squabbling On Debt Crisis Tests Rebound
- European Inflation Rises In August
- UK Construction Activity Shrank By 10% In AYear
Currencies
- Dollar Index Up; Yen Weakens Vs. Greenback, Euro
Commodities
- Oil Drops Most In Eight Weeks As Price Falls$3 In Minute
- Gold Down But Outperforms Crude In Commods Sell-Off
Source: Kenanga