NEWS HIGHLIGHTS

• Maybank joins forces with Gentari to advance green mobility, renewable energy solutions

• Uncertainties persist amid optimism over Genting's Alzheimer's drug trial result

• HeiTech Padu gets one-year extension for provision of immigration system maintenance services

• Flexidynamic receives RM12.4m contract for water treatment plant in Kelantan

• Perak Corp signs agreement to develop Teluk Dalam land

MACRO BITS

• World’s last negative rate experiment nears its end in Japan

• Govt expands logistics sector business-to-business service tax exemption

• National Economic Action Council to discuss gradual reduction of migrant workers in next month's meeting, says Rafizi

• Malaysia aiming for 27.3m tourist arrivals in 2024 — deputy minister

• Malaysia’s retail sales may rebound after unexpected 0.2% drop in 4Q — RGM

• Investment in NETR projects, initiatives estimated at RM50.0b

• Housing Ministry implementing affordable housing price mapping, says Nga

• Five key takeaways from China’s major legislative gathering

• China’s deflation reprieve likely temporary due to weak demand

• Biden's USD7.3t budget is campaign pitch for spending, tax goals

• Trump says tariff impact could be offset by tax cuts, other action

• BoE's Mann: long way for inflation pressures to be consistent with 2.0% target

• ECB rate cut coming, but not just yet, says Governing Council's Kazimir

IDEAS OF THE DAY

• Sector Update: Plantation

• Company Update: BPPLAS, CTOS

Source: Kenanga Research - 12 Mar 2024