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Asia Top News and Analysis Malaysia

  • Zeti: Malaysia Eyeing Value Added Economic Activities

    Malaysia's central bank governor, Zeti Akhtar Aziz, explains what Kuala Lumpur needs to do to get its fiscal house in order while the country gears up for an election.

  • LONDON, Oct 12- Hilary Mantel could become the first woman to win the coveted Man Booker Prize for fiction twice with her historical novel "Bring Up the Bodies", the bookmakers' favourite alongside Will Self's "Umbrella".

  • BANGKOK, Oct 12- Most Southeast Asian stocks posted small gains on Friday as large caps and stocks such as Wilmar International. The index was down 2.13 percent on the week, its worst weekly loss since May and Southeast Asia's worst performing market. Among weak spots, Malaysia eased 0.13 percent on Friday, down 0.4 percent on the week.

  • LONDON, Oct 12- Hilary Mantel is favoured to become the first woman to win the coveted Man Booker Prize for fiction twice, with her historical novel "Bring Up the Bodies" ahead of Will Self's "Umbrella" in the bookmakers' rankings.

  • MUMBAI, Oct 12- As pressure builds on India's central bank to ease monetary policy after a slew of fiscal and economic reforms, the debt market is cautiously positioning for policy rates to be cut, but remains unconvinced that it will happen this month.

  • Mudajaya Group Bhd looks the most attractive among 26 stocks in Malaysia's industrials sector tracked by at least three analysts, data from Thomson Reuters StarMine shows. Its FCF for the six months ending June 2012, at 229 million ringgit was an increase of over 20 times from a year earlier.

  • Oct 12- Fitch Ratings says that American International Assurance Company Limited, Thailand Branch's' AAA' National Insurer Financial Strength Rating with Stable Outlook will not be affected by American International Assurance Company Limited's planned purchase of ING Management Holdings Sdn Bhd from ING Insurance Asia N.V..

  • *ISTANBUL- President Abdullah Gul to attend a ceremony with former British foreign minister Jack Straw. *ISTANBUL- Prime Minister Tayyip Erdogan will attend to Turkish-Kazakhstan Forum.

  • Media Prima Berhad leads on analyst revisions among 18 companies in Malaysia's consumer discretionary sector tracked by at least three analysts, data from Thomson Reuters StarMine shows. The company's quarterly net income more than doubled to almost 57 million ringgit between March and June quarters.

  • MUMBAI, Oct 12- India's industrial production rose by a higher-than-expected 2.7 percent in August from a year earlier, after contracting in July. Analysts polled by Reuters had expected a rise of 1.1 percent in August output. COMMENTARY RAJEEV MALIK, SENIOR ECONOMIST, CLSA, SINGAPORE.

  • SINGAPORE, October 12 Fitch Ratings says Malaysia- based IOI Corporation Berhad's proposal to undertake a mixed-use property development venture in Xiamen, China through its 99.8% subsidiary, Palmy Max Ltd, will not impact its credit rating.

  • CANBERRA, Oct 12- Australian shares edged up 0.1 percent on Friday as gains in index-heavy mining stocks helped break a two-day run of losses, but the market still ended slightly down on the week. gained 0.9 percent to A $33.54 and major rival Rio Tinto Ltd rose 1.8 percent to A $56.40, helped by a rebound in iron ore prices.

  • CANBERRA, Oct 12- Australian shares edged up 0.1 percent on Friday as gains in index-heavy mining stocks helped break a two-day run of losses, but the market still ended slightly down on the week. Global miner BHP Billiton Ltd. gained 0.9 percent to A $33.54 and major rival Rio Tinto Ltd rose 1.8 percent to A $56.40, helped by a rebound in iron ore prices.

  • HONG KONG, Oct 12- These are some of the leading stories in Hong Kong newspapers on Friday. --Bursa Malaysia, the operator of the Southeast Asian country's stock exchange, plans to list the world's first retail Islamic exchange-traded bond in Malaysia in December, which may lead to a listing in Hong Kong if there is demand.

  • Shares of Alam Maritim Resources Bhd rose as much as 1.8 percent after the marine offshore services firm secured a 69 million ringgit contract to supply a workboat to a local oil and gas company. 09:16 STOCKS NEWS MALAYSIA- AmResearch ups Top Glove's fair value.

  • CANBERRA, Oct 12- Australian shares gained more than 0.2 percent on Friday morning, recovering from two sessions of losses, as a rebound in metal prices lifted index-heavy mining stocks. Global miner BHP Billiton Ltd gained 0.8 percent to A $33.50 and major rival Rio Tinto Ltd rose more than 1.6 percent to A $56.31.

  • ----PREVIOUS ITEMS: Maybank remains keen on Thailand-The Star----.

  • NOTE: Reuters has not verified this story and does not vouch for its accuracy.

  • CANBERRA, Oct 12- Australian shares are likely to open flat on Friday on mixed leads from Wall Street, holding below 14- month highs hit earlier this week, although a rebound in metal prices may help index-heavy mining stocks. *Local share price index futures. *New Zealand's benchmark NZX 50 index.

  • *Canada has until Nov. 11 to decide fate of CNOOC bid. OTTAWA, Oct 11- Canada said it needs more time to complete its review of a $15.1 billion Chinese bid to take over oil and gas explorer Nexen Inc, a deal that has raised fears about opening the Canadian energy sector to the Asian power's state-owned companies.