Malaysia-Market factors to watch on Sept 26(Wed)


  • Business
  • Wednesday, 26 Sep 2012

KUALA LUMPUR: Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

GLOBAL MARKETS-US shares fall, euro down on Spain concerns

SE ASIA STOCKS-Flat-to-higher; Indonesia recoups from lows

WHAT IS HAPPENING IN MALAYSIA, IN TIMES LOCAL FOLLOWED BY GMT:

* Deputy Finance Minister Datuk Donald Lim Siang Chai opens Malaysia's Exporters Market Access Solutions seminar, Pacific Ballroom C, Level 2, Seri Pacific Hotel, Jalan Putra, Kuala Lumpur at 0930 am (0130GMT)

* Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop opens Penang-born Malays Welfare Association meeting, Kuala Lumpur AT 0930 AM (0130GMT)

MARKET NEWS

> Japan's Nikkei falls 1.5 pct to below 9,000

> Caterpillar, Apple push Wall Street lower

> Long-dated prices rise as stocks rally stalls

> Euro falls as risk rally fades, Spain in focus

> Gold falls on euro zone fears, options expiration

> Brent up on Iran tension, economic worry hits US oil

> Palm oil recovers after 2-year low, demand seen rising

MALAYSIA IN THE NEWS:

> Malaysian court puts licence on hold for Lynas rare earth plant

> GE Oil & Gas to supply compressor technology to Petronas for floating LNG facility - Reuters

DIARY - Malaysia

26/09/12

ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

WEDNESDAY, SEP 26

KUALA LUMPUR - Prime Minister Najib Razak launches International Malaysia Law Conference 2012 at Kuala Lumpur Convention Centre at 0900am (0100)(to Sept 28).

* KUALA LUMPUR - Health Minister Liow Tiong Lai launches 6th National Conference for Clinical Research 2012 at Putra World Trade Centre at 0900am (0100).

* KUALA LUMPUR - Higher Education Minister Mohamed Khaled Nordin launches Conference on Intellectual and Leadership of Muslim Scholars in Research Innovation and Creativity in the Asean Region at Royale Chulan Hotel at 0900am (0100).

* KUALA LUMPUR - Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob attends the signing of Memorandum of Understanding (MoU) between Malaysian and Vietnamese cooperatives at Companies Commission of Malaysia (SSM) Tower, KL Sentral, Kuala Lumpur at 0900am (0100).

* KUALA LUMPUR - Deputy Finance Minister Donald Lim Siang Chai opens Malaysia's Exporters Market Access Solutions seminar at Seri Pacific Hotel, Kuala Lumpur at 0930am (0130).

* KUALA LUMPUR - Minister in the Prime Minister's Department Nor Mohamed Yakcop opens Penang-born Malays Welfare Association meeting at Menara Matrade, Kuala Lumpur at 0930am (0130).

* KUALA LUMPUR - Ireka Corp Bhd holds post-AGM/EGM and press conference at Bukit Kiara Equestrian and Country Resort, Jalan Bukit Kiara, Kuala Lumpur at 1100am (0300).

* PETALING JAYA - Hibiscus Petroleum Bhd holds EGM at PJ Hilton Hotel, Jalan Barat, Petaling Jaya at 1100am (0300).

* KUALA LUMPUR - Celcom Axiata Bhd launches WiFi service for Malaysian kopitiams at Parkroyal Hotel, Kuala Lumpur at 1200pm (0400).

THURSDAY, SEP 27

* SHAH ALAM - Bank Muamalat Malaysia Bhd launches Wakaf Selangor Muamalat at Concorde Hotel, Shah Alam at 0815am (0015).

* KUALA LUMPUR - International Malaysia Law Conference 2012 second day at Kuala Lumpur Convention Centre at 0900am (0100).

* KUALA LUMPUR - Bank Negara Malaysia Governor, Zeti Akhtar Aziz delivers keynote address at Seminar on RMB Settlement for Trade and Investment in Malaysia: Future Prospects at Sasana Kijang, Bank Negara Malaysia, Kuala Lumpur at 0915am (0115).

* KUALA LUMPUR - Ministry of International Trade and Industry (MITI) holds signing with Republic of San Marino at the ministry (MITI), Jalan Duta, Kuala Lumpur at 1200pm (0400).

* KUALA LUMPUR - Zicolaw app and Inaugural issue of Asean Insights launch and announcement of network expansion into Vietnam at Mandarin Oriental Hotel, Kuala Lumpur at 1630pm (0830).

* PETALING JAYA - The Malaysian International Gourmet Festival (MIGF) 2012 Gala launch and press conference at Sunway Pyramid Convention Centre at 1700pm (0900).

FRIDAY, SEP 28

KUALA LUMPUR - Release of Aug 2012 Money Supply data

FRIDAY, OCT 5

KUALA LUMPUR - Release of International Reserves as at 28 Sep 2012 and Aug 2012 External Trade data.

THURSDAY, OCT 11

KUALA LUMPUR - Release of Aug 2012 Index of Industrial Production (IPI) and Aug 2012 Manufacturing Sales.

WEDNESDAY, OCT 17

KUALA LUMPUR - Release of Sep 2012 Consumer Price Index.

MONDAY, OCT 22

KUALA LUMPUR - Release of International Reserves as at 15 Oct 2012

FRIDAY, OCT 26

KUALA LUMPUR - Market and Public Holiday - Aidil Adha.

WEDNESDAY, OCT 31

KUALA LUMPUR - Release of Sep 2012 Money Supply data

WEDNESDAY, NOV 7

KUALA LUMPUR - Release of International Reserves as at 31 Oct 2012

THURSDAY, NOV 8

KUALA LUMPUR - Monetary Policy Statement and release of Sep 2012 Index of Industrial Production (IPI) and Sep 2012 Manufacturing Sales.

FRIDAY, NOV 9

KUALA LUMPUR - Release of Sep 2012 External Trade data.

TUESDAY, NOV 13

KUALA LUMPUR - Market and Public Holiday - Deepavali

THURSDAY, NOV 15

KUALA LUMPUR - Market and Public Holiday - Moslem New Year.

FRIDAY, NOV 16

KUALA LUMPUR - Release of 3rd Quarter 2012 GDP.

WEDNESDAY, NOV 21

KUALA LUMPUR - Release of Oct 2012 Consumer Price Index.

THURSDAY, NOV 22

KUALA LUMPUR - Release of International Reserves as at 14 Nov 2012

FRIDAY, NOV 30

KUALA LUMPUR - Release of Oct 2012 Money Supply data

FRIDAY, DEC 7

KUALA LUMPUR - Release of International Reserves as at 30 Nov 2012 and Oct 2012 External Trade data.

TUESDAY, DEC 11

KUALA LUMPUR - Release of Oct 2012 Index of Industrial Production (IPI) and Oct 2012 Manufacturing Sales.

WEDNESDAY, DEC 19

KUALA LUMPUR - Release of Nov 2012 Consumer Price Index.

FRIDAY, DEC 21

KUALA LUMPUR - Release of International Reserves as at 14 Dec 2012.

TUESDAY, DEC 25

KUALA LUMPUR - Market and Public Holiday - Christmas Day.

MONDAY, DEC 31

KUALA LUMPUR - Release of Nov 2012 Money Supply data. - Reuters

VEGOILS-Market factors to watch Sept 26

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday.

FUNDAMENTALS

* Malaysian palm oil futures recovered on Tuesday after hitting a two-year low the day before, lifted by bargain hunting and a strong outlook for demand, going by positive export data.

* U.S. soybeans ended marginally higher on Tuesday after a seesaw session which saw talk of end-user demand and a weaker dollar lend support though gains were limited by an advancing Midwest harvest and accounts of good yields.

* Brent crude rose on Tuesday in choppy trade as tensions over Iran reinforced the geopolitical fear premium and concerns about slowing global economic growth pressured U.S. oil prices.

MARKET NEWS

* U.S. stocks declined on Tuesday as investors sought a catalyst to justify further gains while the euro was under pressure on concerns about a bailout for debt-laden Spain.

* Commodity markets ended little changed after a seesaw session on Tuesday, with modest early gains erased by an afternoon slide in U.S. equities markets on downbeat earnings indications and end-of-quarter profit-taking.

RELATED NEWS

> CBOT soybeans fall on U.S. harvest pressure, long liquidation

> European vegoils down with futures on technical selling - Reuters

DATA/EVENTS > Thomson Reuters launched a new version of its reference Malaysian palm oil prices and expanded coverage into product and time price spreads from June 20.

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