The bank is facing a suit by a former client over alleged fraud involving links to Malaysian Prime Minister Najib Razak. » Read More
KUALA LUMPUR, Oct 4- Malaysian construction firm Ahmad Zaki Resources Bhd won a 673 million ringgit contract to build a 50- storey hotel in the country's capital city, according to a filing to the local stock exchange late on Wednesday.
Aninda Mitra, Head of Economics, Southeast Asia, ANZ says Malaysia will have to answer some tough questions if the government's economic programs aren't successful. He thinks it will be key to see if the social programs continue.
----PREVIOUS ITEMS: Malaysia to cut palm oil export tax-Business Times----.
Najib Razak, the Prime Minister of Malaysia, tells CNBC's Martin Soong how his government plans to keep the country's economic engines going amid the challenging global outlook.
MELBOURNE, Oct 4- Australian shares rose 0.2 percent early on Thursday as gains in banks offset weaker miners, with sentiment supported by encouraging jobs growth data in the United States.
*Malaysian court to hear application on injunction against Australian miner Lynas. *Plantation Industries and Commodities Minister Bernard Dompok opens Malaysia Timber Council's Global Woodmart 2012 at Kuala Lumpur Convention Centre at 0830 am.
KUALA LUMPUR, Oct 4- Pay-TV firm Astro Malaysia Holdings Bhd priced its initial public offering at the top end of an indicative range, a source said, raising $1.5 billion and highlighting Malaysia's emergence as Asia's top IPO destination this year.
KUALA LUMPUR, Oct 4- Astro Malaysia Holdings Bhd, the country's largest pay-TV firm, has priced its initial public offering at the top of its indicative range, one source with knowledge of the deal said, to raise about $1.5 billion in Malaysia's third-largest IPO this year.
--U.S.-based offshore drilling company Vantage Drilling Co.. Rating Action On Oct. 3, 2012, Standard& Poor's Ratings Services revised its outlook on Houston- based offshore drilling company Vantage Drilling Co. to stable from positive.
Oct 03-=============================================================================== Summary analysis-- Telekom Malaysia Bhd.------------------------- 03- Oct-2012=============================================================================== CREDIT RATING: A-/Stable/-- Country: Malaysia Primary SIC: Communications services, nec Mult. The rating on Malaysia- based telecom operator Telekom Malaysia Bhd. (TM) reflects the company's dominant position in the domestic fixed-line, data, and broadband markets, and its stable cash flows.
SINGAPORE, Oct 3- Danish oil and shipping group A.P. Moller Maersk says it will talk to Vitol to determine whether one of its tankers was used by the trading house to ship Iranian fuel oil. The cargo was transferred aboard the Danish tanker from Vitol's floating storage off Malaysia, the document shows, and shipped to storage in Singapore.
BANGKOK, Oct 3- Stocks in Singapore, Malaysia and Indonesia edged slightly lower in light to moderate volume on Wednesday as commodities and energy shares such as Golden Agri-Resources. Singapore- listed commodities firm Golden Agri-Resources fell 3.1 percent, dragging down the benchmark Straits Times Index. After a choppy session, Bangkok's SET index.
Oct 3- Malaysia's exports probably fell further in August, hit by weaker demand in China for its electronic products and lower commodity prices, economists polled by Reuters said, leaving the country more dependent on domestic demand to support growth.
Oct 3- As inflation has been under control, central banks across Southeast Asia are likely to continue supporting economic growth in the face of increased global risks from the euro debt crisis and signs of slowing in the United States and China. Asia inflation graphic: Asia inflation stories Asian central banks.
Demand for office space in Singapore in the third quarter of 2012 was supported by companies beyond the financial services sector, with most taking up Grade A office space below 20,000 square feet, said property consultant Colliers International.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and a weaker local dollar, enhancing export prospects. He noted markets were cautious after Spain said a request for European aid was not imminent.
MELBOURNE, Oct 3- Australian shares edged up to a 14- month closing high on Wednesday as banks and broader stocks were boosted by an interest rate cut and the local dollar weakened, enhancing export prospects.
Commodity trader Noble Group also dropped 2.3 percent to S $1.29 and Olam lost 1.5 percent at S $2.01, as data showed China's economy is likely to head for a seventh straight quarter of slowdown. 11:52 STOCKS NEWS SINGAPORE- DBS upgrades Singapore Exchange to' hold'.
MANILA, Oct 3- The Asian Development Bank cut most of its 2012 and 2013 growth estimates for developing Asia on Wednesday as a slump in global demand weighs on the region's powerhouses China and India and on its other export-dependent economies.
DBS Vickers upgraded Singapore Exchange Ltd to' hold' from' fully valued' and raised its target price to S $7.25 from S $5.40, citing a gradual pick-up in the bourse's volumes and values. 10:50 STOCKS NEWS SINGAPORE- Japan, China dispute to hurt SATS profits- UOB.