Journey to Wealth

Kenanga - Regional News Update - 8 Oct 2012

kiasutrader
Publish date: Mon, 08 Oct 2012, 09:29 AM

SINGAPORE NEWS HIGHLIGHTS
 Bank says Temasek misread U.K. rules 
 RBS suspends Singapore trader over rate setting
 Olam buys 50.0% stake in Acacia Investments for USD35.0m
 Wilmar Group to construct USD250.0m refinery
 Loyalty mobile startup Perx partners up with SingTel

INDONESIA NEWS HIGHLIGHTS
 Indonesia banks, developers brace for bigger drop in home sales
 State banks welcome equal treatment with private competitors
 Indonesia sets December deadline for mine permit approvals
 Bumi Resources eyes asset sales, rights issue to raise cash
 Indonesia postpones 3G tender after Telkomsel bankruptcy row

THAILAND NEWS HIGHLIGHTS
 1 in 100 Thais in 40+ age group plans to buy new vehicles
 OCBC, CIMB mull bidding for GEC's stake in Thai bank
 Thai inflation rises but interest rates seen steady
 Rubber climbs to four-month high as top shippers reduce cargoes
 DTAC to take up to four years to migrate customers to 3G  

Source: Kenanga
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