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Asia Top News and Analysis Malaysia

  • KUALA LUMPUR, Oct 8- The National Bank of Abu Dhabi, the second-largest bank in the United Arab Emirates by assets, plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia.

  • SINGAPORE, Oct 8- Electronics and furniture retailer Courts Asia Ltd, which operates stores in Singapore and Malaysia, launched an initial public offering in Singapore to raise S $137 million mainly to fund its expansion in Indonesia.

  • KUALA LUMPUR, Oct 8- The FTSE Group and Bursa Malaysia Bhd launched an index to provide investors a benchmark for sharia-compliant investments in small-cap companies on the Malaysian stock market.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi launched its commercial banking operations in Malaysia on Monday, and will also debut in Shanghai this week as part of its expansion in Asia.

  • BANGKOK, Oct 8- Southeast Asian stocks mostly retreated on Monday amid concerns over the global economic outlook, with Indonesia coming off an intraday record on selling in recent gainers such as Astra International. property shares led Singapore lower.

  • KUALA LUMPUR, Oct 8- The National Bank of Abu Dhabi, the second-largest bank in the United Arab Emirates by assets, plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.

  • Foreign funds to Indonesia's stock market stood at $99 million in the week ended Oct. 5, a fifth straight week,. It reported $99 million inflows for the week ended Oct. 5, adding to a combined $985 million inflows of the previous four weeks, Thomson Reuters data showed. The Philippine Stock Exchange index closed at a record high of 5,443.74 on Oct. 4.

  • Its free cash flow rose nearly eight times to 53 million ringgit for the quarter ending June from a year earlier, while net income declined 13 million ringgit to a net loss of 6 million ringgit during the same period. and Bumi Armada Bhd are the most expensive stocks in the Malaysian energy sector with an RV score of 23 each.

  • KUALA LUMPUR, Oct 8- Malaysia's BIMB Holdings Bhd. Dubai Financial Group is a unit of Dubai Group, against which three banks began legal proceedings last month in an unprecedented move to secure repayment of loans in the Gulf state.

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent, ending seven straight sessions of gains, dragged down by resource sectors as investors worried that the coming U.S. earnings season will feature weaker results.

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.

  • KUALA LUMPUR, Oct 8- Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. Date KL Premium/ Spot Bid Offer Final Volumes* Oct 8 22,400 26 80 26 365 Oct 5 22,500 110 21 58 385 Oct 4 22,300 70 20 30 540 Oct 3 22,100 106 25 50 200 Oct 2 21,860 53 15 35 385 Oct 1 21,600 41 18 28 175. #E, J and M signify purchases by European, Japanese, and Malaysian buyers.

  • KUALA LUMPUR, Oct 8- Austrian rubber and plastic products maker Semperit Holding AG launched a $197.4 million cash offer for Malaysian medical glove maker Latexx Partners Bhd, securing an initial 47 percent stake from core shareholders.

  • Shares of Malaysia's shipping firm MISC Bhd rose as much as 5.65 percent after the company said it will dispose of a 50 percent stake in its semi-submersible floating production system unit that could raise $1.7 billion cash.

  • RHB Investment Bank started coverage on oil and gas company Perisai Petroleum Teknologi Bhd with an' outperform' call on prospects of strong earnings and more domestic orders from state oil company Petronas.

  • BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

  • SINGAPORE, Oct 8- The World Bank on Monday cut its 2012 growth forecast for developing East Asia amid a slowdown in China but said economic activity in the region will likely pick up next year. The bank maintained its 2012 GDP forecasts for Indonesia and Thailand, and raised the outlook for Malaysia and the Philippines.

  • JAKARTA, Oct 8- Following is some company-related and market news that could have an impact on the local market on Monday.

  • Shares of Malayan Banking Bhd dropped as much as 0.67 percent after the largest bank by assets in Malaysia said it would raise $1.2 billion with a new share offer to fund growth in the country and its regional subsidiaries.