Journey to Wealth
Kenanga Today - 11 Jan 2013
NEWS HIGHLIGHTS
l MISC's 50% owned VTTI to invest RM1.0b in Johor terminal
l Lingui shareholders approve plan
l Hock Seng Leelands RM48.9m Samalaju upgrade project
l Sun Life, Khazanah near Aviva buyout
l West Coast Expressway to cost RM6.0b
l DRB-HICOM: We've not received any privatisation proposals
l Advance Synergy to hold 70% in JV to manage hotel in Terengganu
l SPKB offers to buy up shares in SPK-Sentosa
FOREIGN NEWS HIGHLIGHTS
l Clearwire investor loses bid for fast-track trial versus Sprint deal
l American Express profit falls on costs tied to job cuts
ECONOMIC NEWS HIGHLIGHTS (MACRO BITS)
Malaysia
l Production In November Grew By 7.5% YoY
Asia Pacific
l Indonesia Holds Rates, Sees Robust Growth
l China's Surprisingly Strong Trade Data Fans Optimism
l Australia HomeBuilding Continues Slow Recovery
USA
l Jobless Claims In U.S. Unexpectedly Increased Last Week
l Consumer ComfortFalls As U.S. Payroll Tax Takes Hold
l Wholesale Inventories In U.S. Increase 0.6% As Sales Surge
l Obama Nominates Jack Lew To Succeed Geithner At Treasury
Europe
l Eurozone Interest Rates Unchanged At 0.75%
l Bank Of EnglandRefrains From Further QE Stimulus
Africa
l South Africa Downgraded By Fitch As Strikes Hurt Growth
Currencies
l Dollar Drops Most Since September After ECB
Commodities
l Oil Rises After Saudi Arabia Cuts Output
l Gold Tops $1,675 On ECB Comments
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