Malaysia April M3 money supply up 14.2 pct vs 12.8 pct in March - central bank
31/05/2007 10:31:00
KUALA LUMPUR (XFN-ASIA) - The broad M3 measure of money supply expanded by 14.2
pct in April from a year earlier against a rise of 12.8 pct in March , the
central bank said.
Narrow money, or M1, increased at an annual rate of 17.9 pct in April,
unchanged from March, due to higher placements of demand deposits by business
enterprises.
"The increase in M3 reflected the increase in net foreign assets as well as the
higher loans outstanding and holdings of securities by banking institutions," it
said in a statement.
On a month-on-month basis, the increase in net foreign assets is the major
contributor to the expansion in M3, reflecting higher international reserves and
net foreign assets of the banking institutions.
"Claims on the private sector were also expansionary on account of higher loans
outstanding and holdings of securites by the banking institutions.
"Government operations however, were contractionary on M3 as the government
deposited the proceeds from the issuance of Malaysian Government Securities with
Bank Negara," it added.
The banking system's capitalisation remained strong with the risk-weighted
capital ratio at 13.1 pct.
The net NPL ratio improved further to 4.4 pct due mainly to recoveries and
conitnued write-offs by banking institutions.
Total deposits with the banking system increased by 4.3 bln rgt in April
against 3.8 bln rgt in March or 18.3 pct on an annual basis against 18 pct in
March.
The expansion mainly reflected higher deposit placements by businesses and
individuals, which was partly offset by lower deposits among financial
institutions.
Total loans outstanding expanded by 6.2 pct on an annual basis as at end-April,
unchanged against the growth seen at end-March.
Loans outstanding to businesses and households expanded at annual growth rates
of 5.8 pct and 7.9 pct against 6.3 pct and 7.8 pct in March, respectively.
The ringgit appreciated against the US dollar by 2.0 pct, the yen by 5.3 pct
and the euro by 1.1 pct between April 1 and May 28.
Source: Osk Wirenews
Wednesday, May 30, 2007
Kuala Lumpur shares outlook - Higher on Wall St rally, forecast-beating Q1 GDP
Kuala Lumpur shares outlook - Higher on Wall St rally, forecast-beating Q1 GDP
31/05/2007 08:06:00
KUALA LUMPUR (XFN-ASIA) - Share prices are expected to open higher following
the overnight rally on Wall Street and Malaysia's better-than-expected first
quarter GDP results, dealers said.
The central bank yesterday said the economy expanded by 5.3 pct in the first
quarter, beating market estimates of a first-quarter GDP growth of 4-5 pct.
Favourable quarterly earnings of major companies are expected to further boost
sentiment, helping ease concerns over falls in China's stock markets yesterday,
they added.
Stocks to watch today include IJM, BIMB, Kumpulan Guthrie and Sime Darby, which
may all attract buying after having announced strong quarterly earnings, dealers
said.
Yesterday, the Kuala Lumpur Composite Index (KLCI) was down 3.82 points or 0.28
pct at 1,339.18, off a low of 1,331.18.
The FTSE Bursa Malaysia 30-large cap index lost 25.10 points or 0.29 pct to
8,567.05, and the second board index fell 1.50 points or 1.48 pct to 100.06.
Losers led gainers 725 to 197, with 175 counters untraded and 237 stocks
unchanged.
Trading volume was 922.94 mln shares, valued at 1.918 bln rgt.
Source: Osk Wirenews
31/05/2007 08:06:00
KUALA LUMPUR (XFN-ASIA) - Share prices are expected to open higher following
the overnight rally on Wall Street and Malaysia's better-than-expected first
quarter GDP results, dealers said.
The central bank yesterday said the economy expanded by 5.3 pct in the first
quarter, beating market estimates of a first-quarter GDP growth of 4-5 pct.
Favourable quarterly earnings of major companies are expected to further boost
sentiment, helping ease concerns over falls in China's stock markets yesterday,
they added.
Stocks to watch today include IJM, BIMB, Kumpulan Guthrie and Sime Darby, which
may all attract buying after having announced strong quarterly earnings, dealers
said.
Yesterday, the Kuala Lumpur Composite Index (KLCI) was down 3.82 points or 0.28
pct at 1,339.18, off a low of 1,331.18.
The FTSE Bursa Malaysia 30-large cap index lost 25.10 points or 0.29 pct to
8,567.05, and the second board index fell 1.50 points or 1.48 pct to 100.06.
Losers led gainers 725 to 197, with 175 counters untraded and 237 stocks
unchanged.
Trading volume was 922.94 mln shares, valued at 1.918 bln rgt.
Source: Osk Wirenews
Stocks Retreat After China Market Drop
Stocks Retreat After China Market Drop
Wednesday May 30, 9:44 am ET
By Joe Bel Bruno, AP Business Writer
Stocks Fall After Drop in Chinese Stocks, Ahead of Fed Minutes
NEW YORK (AP) -- Wall Street retreated in early trading Wednesday as investors around the world reacted to a plunge in China's stock market, and awaited the release of minutes from the last Federal Reserve meeting.
ADVERTISEMENT
The pullback in the U.S. wasn't seen as a surprise as stocks were perhaps overdue for a consolidation after a strong run since the second half of 2006. And the declines in Asian and European markets did not appear as dramatic as on Feb. 27, when investors around the world recoiled at a 9 percent slide in the Shanghai index.
The tumble in Chinese stocks rippled through the global markets. When Beijing tripled a tax on stock trading to cool the country's market boom, the main Shanghai Composite Index dropped 6.5 percent and the Shenzhen Composite Index for China's smaller second market slid 7.2 percent.
Investors also retrenched ahead of the Fed minutes, which Wall Street hopes will indicate that policy makers are leaning more toward a rate cut by the end of the year than a rate hike. The minutes will be released at 2 p.m. EDT.
In the first hour of trading, the Dow Jones industrial average fell 52.25, or 0.39 percent, to 13,469.09.
Broader stock indicators were also lower. The Standard & Poor's 500 index was down 6.22, or 0.41 percent, at 1,511.89, and the Nasdaq composite index dropped 16.31, or 0.63 percent, to 2,555.75.
Source: http://biz.yahoo.com/ap/070530/wall_street.html?.v=14
Wednesday May 30, 9:44 am ET
By Joe Bel Bruno, AP Business Writer
Stocks Fall After Drop in Chinese Stocks, Ahead of Fed Minutes
NEW YORK (AP) -- Wall Street retreated in early trading Wednesday as investors around the world reacted to a plunge in China's stock market, and awaited the release of minutes from the last Federal Reserve meeting.
ADVERTISEMENT
The pullback in the U.S. wasn't seen as a surprise as stocks were perhaps overdue for a consolidation after a strong run since the second half of 2006. And the declines in Asian and European markets did not appear as dramatic as on Feb. 27, when investors around the world recoiled at a 9 percent slide in the Shanghai index.
The tumble in Chinese stocks rippled through the global markets. When Beijing tripled a tax on stock trading to cool the country's market boom, the main Shanghai Composite Index dropped 6.5 percent and the Shenzhen Composite Index for China's smaller second market slid 7.2 percent.
Investors also retrenched ahead of the Fed minutes, which Wall Street hopes will indicate that policy makers are leaning more toward a rate cut by the end of the year than a rate hike. The minutes will be released at 2 p.m. EDT.
In the first hour of trading, the Dow Jones industrial average fell 52.25, or 0.39 percent, to 13,469.09.
Broader stock indicators were also lower. The Standard & Poor's 500 index was down 6.22, or 0.41 percent, at 1,511.89, and the Nasdaq composite index dropped 16.31, or 0.63 percent, to 2,555.75.
Source: http://biz.yahoo.com/ap/070530/wall_street.html?.v=14
我国首季经济成长5.3%
我国首季经济成长5.3%
国家银行：下半年会更好
【本刊陈子莹撰述】马来西亚国家银行总裁洁蒂今天宣布，我国在今年首季取得5.3%的经济成长率，超出市场预测；经济学家一般都预测，我国在2007年第一季的经济成长会介于4%至5%之间。马来西亚在2006年第一季取得的经济成长是6%。
洁蒂（Zeti Akhtar Aziz，右图）今天会见媒体时表示，尽管第一季的外围需求已减少，对制造业的出口带来一定影响，不过服务业的增长成了第一季经济成长的主要带动力。她接着指出，服务业在今年第一季的成长是9.6%，远远超出其他领域的表现。
服务业成长主要是由消费相关以及金融业的收费服务（fee based services）带动。此外，我国今年所倡导的旅游年，也为国家带来不少的旅客，在带动经济成长方面贡献不少。
制造业放缓 服务业加强
相比之下，在带动我国经济成长，扮演重要角色的制造业，这次只不过取得1.7%。制造业在去年同期取得8.8%的成长，而去年全年的成长为7.1%。制造业成长萎缩，已是许多经济学家的预料中事。全球电子业在今年首季已放缓，导致需求量减低，这尤其对马来西亚这个以电子产品为主要出口的经济体影响甚深。
尽管如此，洁蒂表示，制造业在第一季放缓，显示制造业里的电子业需求降低；不过，这并不只是马来西亚单独面对的问题，这是全球电子业所面对的困境，预计全球电子业将会在今年下半年复苏。事实上，我国制造业里与资源相关的行业，在第一季的表现也不俗。
此外，洁蒂也认为，服务业强劲的表现，绝对可抵消制造业放缓的问题。她预计，在种种有利因素的刺激下，服务业将会继续表现良好，尤其是消费以及金融领域。她预料年中假期季节，我国将会有更多的游客到访，再加上公务员的薪金调升，将有效地刺激国内私人消费。
洁蒂最后提到，除了国内私人消费继续增长，在第九马来西亚计划期间的工程启动，也有助于推动我国下半年的经济成长。因此，国行将会把全年经济成长预测，维持在6%。
另一方面，她也表示，马币近期走强的趋势，在在反映出我国经济的基本实况，预料马币接下来也会逐渐随着国内的经济状况而调整。马币在今年初至今，兑美元的汇率增值了4.2%,兑日园和欧元，则分别增值了6.5%和1.9%。
经济学家预测4.8%
早前马来西亚《商业时报》也曾做过一项抽样调查，新马两地的经济学家预测马来西亚2007年首季的经济成长，可达4.8%。他们兼认为以制造业出口为导向的马来西亚，由于受到外围需求减弱的影响，今年第一季的经济成长会放缓下来。
《商业时报》是收集了19位马新经济学家对第一季我国经济成长的预测数据后，总结第一季国内生产总值可达4.8%。
我国在今年首季的出口成长，比去年同期降低了1.4%,同时也比去年的第四季，减少了7.4%。此外，第一季的制造业生产成长率也仅达1.8%，比上一季的4.8%减缓了。
尽管如此，也有经济学家认为，马来西亚在服务业的强劲成长，就可以弥补出口减弱的缺口。《商业时报》引述亚欧美证券银行首席经济学家苏海米的看法时指出，旅游业是我国今年第一季服务业成长的强心剂。马来西亚在今年首五个月，就有890万名游客的到访，比去年同时期增加了25%。
大多数的经济学家都预测，马来西亚的经济在今年下半年会表现更好。由于预计中的通膨率会在下半年，放缓至2%以下，再加上公务员大幅度调薪刺激私人消费；因此经济学家也认为，下半年应该会更好。
Source: http://www.merdekareview.com/news.php?n=4182
国家银行：下半年会更好
【本刊陈子莹撰述】马来西亚国家银行总裁洁蒂今天宣布，我国在今年首季取得5.3%的经济成长率，超出市场预测；经济学家一般都预测，我国在2007年第一季的经济成长会介于4%至5%之间。马来西亚在2006年第一季取得的经济成长是6%。
洁蒂（Zeti Akhtar Aziz，右图）今天会见媒体时表示，尽管第一季的外围需求已减少，对制造业的出口带来一定影响，不过服务业的增长成了第一季经济成长的主要带动力。她接着指出，服务业在今年第一季的成长是9.6%，远远超出其他领域的表现。
服务业成长主要是由消费相关以及金融业的收费服务（fee based services）带动。此外，我国今年所倡导的旅游年，也为国家带来不少的旅客，在带动经济成长方面贡献不少。
制造业放缓 服务业加强
相比之下，在带动我国经济成长，扮演重要角色的制造业，这次只不过取得1.7%。制造业在去年同期取得8.8%的成长，而去年全年的成长为7.1%。制造业成长萎缩，已是许多经济学家的预料中事。全球电子业在今年首季已放缓，导致需求量减低，这尤其对马来西亚这个以电子产品为主要出口的经济体影响甚深。
尽管如此，洁蒂表示，制造业在第一季放缓，显示制造业里的电子业需求降低；不过，这并不只是马来西亚单独面对的问题，这是全球电子业所面对的困境，预计全球电子业将会在今年下半年复苏。事实上，我国制造业里与资源相关的行业，在第一季的表现也不俗。
此外，洁蒂也认为，服务业强劲的表现，绝对可抵消制造业放缓的问题。她预计，在种种有利因素的刺激下，服务业将会继续表现良好，尤其是消费以及金融领域。她预料年中假期季节，我国将会有更多的游客到访，再加上公务员的薪金调升，将有效地刺激国内私人消费。
洁蒂最后提到，除了国内私人消费继续增长，在第九马来西亚计划期间的工程启动，也有助于推动我国下半年的经济成长。因此，国行将会把全年经济成长预测，维持在6%。
另一方面，她也表示，马币近期走强的趋势，在在反映出我国经济的基本实况，预料马币接下来也会逐渐随着国内的经济状况而调整。马币在今年初至今，兑美元的汇率增值了4.2%,兑日园和欧元，则分别增值了6.5%和1.9%。
经济学家预测4.8%
早前马来西亚《商业时报》也曾做过一项抽样调查，新马两地的经济学家预测马来西亚2007年首季的经济成长，可达4.8%。他们兼认为以制造业出口为导向的马来西亚，由于受到外围需求减弱的影响，今年第一季的经济成长会放缓下来。
《商业时报》是收集了19位马新经济学家对第一季我国经济成长的预测数据后，总结第一季国内生产总值可达4.8%。
我国在今年首季的出口成长，比去年同期降低了1.4%,同时也比去年的第四季，减少了7.4%。此外，第一季的制造业生产成长率也仅达1.8%，比上一季的4.8%减缓了。
尽管如此，也有经济学家认为，马来西亚在服务业的强劲成长，就可以弥补出口减弱的缺口。《商业时报》引述亚欧美证券银行首席经济学家苏海米的看法时指出，旅游业是我国今年第一季服务业成长的强心剂。马来西亚在今年首五个月，就有890万名游客的到访，比去年同时期增加了25%。
大多数的经济学家都预测，马来西亚的经济在今年下半年会表现更好。由于预计中的通膨率会在下半年，放缓至2%以下，再加上公务员大幅度调薪刺激私人消费；因此经济学家也认为，下半年应该会更好。
Source: http://www.merdekareview.com/news.php?n=4182
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