|
NEWS
|
|
|
Outside Malaysia:
U.K: London leads drop in supply of workers amid Brexit
uncertainty. Employers in London are having trouble finding staff, and
Brexit may make it even harder. London posted the fastest drop in supply
of workers in 15 months, according to a monthly survey by IHS Markit and
the Recruitment & Employment Confederation. Nationally, firms also
reported difficulty in getting workers, particularly in finance and
information technology, resulting in full-time starting salaries rising
“sharply.” (Source: Bloomberg)
India: Unexpectedly raised the reverse repo rate while
keeping the benchmark unchanged, effectively tightening policy to step up
the fight against accelerating inflation. The reverse repo rate was
raised to 6% from 5.75% while the benchmark repurchase rate was kept
steady at 6.25%, the Reserve Bank of India said in a statement, citing
excess funds in the banking system after the government’s clampdown on
cash. (Source: Bloomberg)
Thailand: Bank of Thailand head denies baht manipulation
in Trump rebuttal. Bank of Thailand Governor Veerathai Santiprabhob said
there’s no evidence authorities are manipulating the currency to give
exports an unfair advantage, responding to the U.S.’s decision to
investigate the Southeast Asian nation for possible trade abuse. While
the central bank intervenes in the foreign-exchange market at times, the
baht has strengthened against the dollar this year compared to other
regional peers, proof that it wasn’t trying to keep the currency weak,
Veerathai said. (Source: Bloomberg)
Crude Oil: Trump said to ready order to expand offshore
oil drilling. President Donald Trump is preparing to issue an executive
order with the goal of giving oil companies more opportunities to drill
offshore, reversing Obama-era policies that restricted the activity. The
offshore drilling directive is set to be issued soon, Interior Secretary
Ryan Zinke told an industry conference in Washington, according to three
attendees who spoke on condition of anonymity to discuss a session closed
to the press. Zinke did not provide specific details on the executive
order during his presentation to the National Ocean Industries
Association. (Source: Bloomberg)
|
|
|
|
|
|
|
Other News:
Pestech: Bags USD100m Cambodian power line contract. Its
Cambodian unit, Pestech (Cambodia) Ltd has inked a USD100.21m
(MYR444.59m) construction agreement today in relation to the development
of a hydro power plant in Cambodia. The group will undertake the design,
engineering, manufacturing, installation, testing and commissioning of
approximately 220km of 230kV double-circuit transmission line from Stung
Tatay Hydro Power Plant to Phnom Penh. The project is expected to
commence within three months from the date of the agreement and is
expected to be completed within 36 months from the agreement date.
(Source: The Edge Financial Daily)
N2N: Expands regional presence with purchase of HK data,
trading solutions provider. E-commerce securities trading solutions
provider N2N Connect is expanding its regional presence to Hong Kong,
where it has completed the acquisition of Hong Kong-based financial data
and trading solutions provider AFE Solutions Ltd for USD18.6m or
MYR82.4m. N2N said the acquisition combines core technologies from
leaders in the field of capital and finance market. (Source: The Edge
Financial Daily)
Majuperak: Sells part of Kinta landbank for MYR17.72m. The
group is disposing two plots of leasehold land measuring 664.78 acres in
Kinta, Perak for MYR17.72m cash. The plots are being sold via open tender
to Wawasan Amanjaya S/B, which will be used for an integrated farming
project, Majuperak said. According to Majuperak, the net book value of
the asset is listed as MYR81,817 as at Dec 31, 2016. (Source: The Edge
Financial Daily)
|
|
|
|
|
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.