Journey to Wealth
Kenanga Research - Regional News Update - 24 Sep 2012
SINGAPORE NEWS HIGHLIGHTS
- UOB, SMU set up institute to help SMEs
- Schroder Singapore acquires 25.0% stake in Axis AMC
- Olam acquires Northern Coffee in Zambia for USD6.2m
- SingTel's associate declared broke despite SGD7.4b assets
- SingTel fined SGD380k
INDONESIA NEWS HIGHLIGHTS
- Bank Indonesia promotes new lender licensing scheme
- Indonesian banks may face higher systemic liquidity risk stemming from
Basel III adoption
- Indonesia seeks 10.0% royalties from miners with long-term contracts
- Indonesia courts order 'liquidators' to take over Telkomsel
- Indosat declines most in four months as rally seen excessive
THAILAND NEWS HIGHLIGHTS
- Car exports up 18.0% in August
- Thailand set for record auto production
- Thailand's biggest bank deal seen as ge exits: Real M&A
- Thailand approves additional budget for buying rubber
- Thai AIS to invest USD1.6b on new 3G network over 3 years
Source: Kenanga
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