Morning News - 1 July 2015 - BANKING / ECONOMY - MALAYSIA SOVEREIGN RATING

Today’s Highlights

►    Sector Update – Banking (NEUTRAL, maintain) - Higher business loan disbursements in May15

►    Economy  – Malaysia Sovereign Rating - Fitch reaffirmed Malaysia’s sovereign rating at A-

Quick Bites

►    Sime: SIME & PDC to develop hi-tek park in Nibong Tebal

►    MRCB: Tipped for RM1bn stadium refurbishment job?

►    FGV: Eagle High Stake purchase to be mostly debt-financed

Outside Malaysia

►    US stocks edge higher as investors follow Greek debt talks

►    Spending outlook brightens as jobs lift Americans’ spirits

►    Home prices in 20 US cities grew at slower pace in April

►    Fed’s Fischer sees consumer bounceback and strengthening growth

►    Euro area prices rise a second month with inflation at 0.2%

►    Greece misses US$1.7bn IMF payment, joining Zimbabwe’s ranks

►     UK economy grows faster than previously estimated at 0.4%

►    Oil rebounds from 2-month low as traders weigh Greek debt crisis