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Wednesday, August 29, 2012

TM's Profit Almost Triples

12 Syawal 1433

STRONG BROADBAND TAKE-UP RATE: Company nets RM348.5m in second quarter 

TELEKOM Malaysia Bhd (TM), the country's largest fixed-line phone company, almost tripled its second quarter net profit to RM348.5 million, partly helped by a strong broadband take-up rate.

The company also recorded a 8.6 per cent growth in revenue to RM2.43 billion, versus RM2.23 billion in the same period last year.

During the quarter ended June 30, 2012, the company also added 37,000 new broadband customers to 2.01 million, mainly driven by growth in its Unifi customer base.

To date, TM has more than 420,000 Unifi customers. The company had earlier forecast to hit 400,000 subscribers by year-end.

More information: Btimes

Global Investor Confidence Index Falls In August 2012

12 Syawal 1433

SINGAPORE, Aug 29, 2012- Global Investor Confidence Index (ICI) fell in August 2012 on a month-to-month basis, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.

The global ICI fell from July's revised reading of 94.3 to 90.9 in August.

Driving the decline was a sharp deterioration in risk appetite among North American investors: the North American ICI declined 8.7 points from July's revised level of 93.1 to settle at 84.4.

The European ICI was close to unchanged, ticking down half-a-point from 101.7 to 101.2.

Among Asian investors, risk appetite improved for the fourth successive month, and the Asian ICI rose 2.9 points from a revised level of 90.6 to finish at 93.5.

The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O'Connell of State Street Associates.

It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.

More information :BERNAMA

Wednesday, August 8, 2012

Malaysian Economy To Perform Well Relative To Other Asian Nations

20 Ramadhan 1433

SINGAPORE, Aug 9,2012 - The Malaysian economy is poised to continue well relative to other Asian nations as it is supported by strong private consumption growth, says Anthony Yau, Head of Asian Emerging Markets at State Street Global Advisors.

He said the country's economy compared favourably to other Asian nations in terms of Gross Domestic Product (GDP) growth.

"Private consumption has been the primary driver here as it is among the strongest in the region and continues to be supported by widespread pay raises for civil servants heading into the elections," he told Bernama.

More information: BERNAMA