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News headlines
Indonesia
‰ The govt has announced that the country’s total state revenues last year
exceeded their target by 2.1%. The 2010 revised state budget had a target
of Rp990.5tn (US$109.9bn), while the actual realized figure was Rp1,011.6tn
‰ Tambang Batubara Bukit Asam is considering buying an additional 20%
stake in Bukit Asam Transpacific Railway from the Rajawali Group
‰ Flagship air carrier Garuda Indonesia plans to meet investors next week to
gauge their demand on the company’s planned Rp4tn ($444m) IPO
Malaysia
‰ Bursa Malaysia proposes to move towards a more self-governing framework
for the local stockbroking industry in an effort to make it more vibrant and
competitive. The regulator yesterday outlined 11 areas of focus in its 27-page
consultation paper posted on its website for comment.
‰ The first half of this year would see slower economic growth due to last year’s
high-base effect, before growth expands in the second half as economic
activities pick up steam.
‰ Sime Darby is claiming that an indemnity agreement that was signed
between unit Sime Darby Holdings and former head of the group’s energy
and utilities division, Datuk Mohamad Shukri Baharom, is void..
Philippines
‰ Central Bank sees gross international reserves (GIR) to hit US$64bn by YE11
from current level of around US$61bn.
‰ Govt plans to sell US$1bn in peso denominated global bonds.
‰ 5-year t-bond rate hits 4.674% from 4.571% previously.
‰ National govt to release guidelines for implementation of ‘pocket’ open skies
policy
‰ Globe Telecom will expand its network capacity further in 2011 to meet the
increasing demand of over 25 million subscribers
Singapore
‰ CapitaMalls Asia (CMA) is looking to invest around $2bn in new projects this
year after committing a similar amount last year, said chief executive Lim
Beng Chee yesterday. With around $1.4bn of cash on its books and zero net
gearing, the mall developer and manager is gunning for sites in Singapore,
Malaysia and China.
‰ GOH Choon Phong, who headed SIA Cargo during one of its most tumultuous
periods between 2006 and 2010, takes over the helm of Singapore Airlines as
the industry looks set to enjoy its second consecutive year of recovery after
the 2008 recession
Thailand
‰ The Commerce Ministry projects inflation will stay within a range of 3.2-3.7%
this year or an average of 3.4%.
‰ The Alternative Energy Development and Efficiency Dept will review its 15-
year plan (2008-22) to make sure its goals are achieved, deputy directorgeneral Twarath Sutabutr said.
‰ Newly registered housing units in Greater Bangkok during the first 10 months
of 2010 rose by 10% to around 80,000 units, up from 72,950 units in the
same period in 2009, said the Real Estate Information Center.
‰ The Bank of Thailand may raise the policy rate by 25bps at the January 12
meeting, said Tisco Securities, on the back of continued robust economy after
the big floods.
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