Asian stocks open higher today. (National holiday in Malaysia, Singapore and Indonesia.)
The Bank of Japan refrained from raising interest rates in the first unanimous decision since June, after a drop in business confidence signaled companies are bracing for slower economic growth. (Bloomberg)
Morgan Stanley received a $5 billion cash infusion from China Investment Corp., the nation's sovereign wealth fund. (Bloomberg)
Local headlines:
Glomac Bhd's net profit surged 145.5% to RM10.2mil for the second quarter to Oct 31, on a 16.5% growth in revenue to RM84mil from RM72.1mil a year ago. (The Star)
Dialog Group Bhd's subsidiary Overseas Technical Engineering and Construction Pte Ltd has been awarded a contract worth S$61mil from Vopak Terminals Singapore Pte Ltd. (The Star)
UEM Group property arm, UEM Land Sdn Bhd, and a unit of the Dubai World company will jointly develop a 44.4ha site in southern Johor with an estimated gross development value of RM1.5 billion. UEM Land and Limitless Holdings Pte Ltd yesterday formed a 40:60 joint venture company. (Business Times)
Kencana Petroleum Bhd said its subsidiary Kencana HL Sdn Bhd has secured a contract worth RM24mil for the fabrication of subsea manifolds from Cameron Ltd. (TIMENet)
Morgan Stanley received a $5 billion cash infusion from China Investment Corp., the nation's sovereign wealth fund. (Bloomberg)
Local headlines:
Glomac Bhd's net profit surged 145.5% to RM10.2mil for the second quarter to Oct 31, on a 16.5% growth in revenue to RM84mil from RM72.1mil a year ago. (The Star)
Dialog Group Bhd's subsidiary Overseas Technical Engineering and Construction Pte Ltd has been awarded a contract worth S$61mil from Vopak Terminals Singapore Pte Ltd. (The Star)
UEM Group property arm, UEM Land Sdn Bhd, and a unit of the Dubai World company will jointly develop a 44.4ha site in southern Johor with an estimated gross development value of RM1.5 billion. UEM Land and Limitless Holdings Pte Ltd yesterday formed a 40:60 joint venture company. (Business Times)
Kencana Petroleum Bhd said its subsidiary Kencana HL Sdn Bhd has secured a contract worth RM24mil for the fabrication of subsea manifolds from Cameron Ltd. (TIMENet)
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