Friday, December 21, 2007

Update: 2nd session

KLCI up 11.84 points. Top volume so far: AIRASIA; SIME and BJCORP.

Malaysia to get new design RM50 note from Jan 30, 2008
Bank Negara Malaysia plans to replace the existing banknotes and coins with new designs, its governor Tan Sri Dr Zeti Akhtar Aziz said on Friday. "We are in the process of looking for new designs and will slowly replace all the notes and coins," Zeti said. (Bernama)

Other headlines:

Merrill Lynch & Co., reeling from the biggest loss in its 93-year history, may receive a cash infusion of as much as $5 billion from Singapore's state-owned Temasek Holdings Pte., the Wall Street Journal reported. (Bloomberg, WSJ)

Asian stocks rose, snapping a seven- day, 8.1 percent decline. Hon Hai Precision Industry Corp. led technology shares higher on signs a slowdown in the U.S. hasn't affected spending on consumer electronics. (Bloomberg)

The second bridge across Sungai Golok along the Malaysia-Thailand border, which is expected to spur economic growth and further enhance bilateral relations, was officially opened by the prime ministers of the two countries today. (Bernama)

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