Malaysia-Market factors to watch on March 13(Wednesday)


  • Business
  • Wednesday, 13 Mar 2013

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.

GOBAL MARKETS-Shares slip after 7-day run, yen gains on US dollar

SE Asia Stocks-Most flat to weaker; Thai SET index off 19-year peak

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

* Strategic Alliance between Credit Guarantee Corp Malaysia Bhd (CGC) and Alliance Bank Malaysia Bhd at CGC Building, Kelana Jaya Business Centre, at 0930am (0130).

* Government Transformation Programme and Economic Transformation Programme briefing at Securities Commission Malaysia, at 1430pm (0630).

MARKET NEWS

> Nikkei opens down; exporters sold on pause in yen's weakness

> S&P 500 dips after 7-day rally; Dow edges up to record high

> Prices gain as higher yields lure buyers

> Yen bears take a short break, GBP sees little reprieve

> Gold rises on euro zone jitters, ETF flow eyed

> Brent slips, U.S. crude pushes higher in choppy trade

> Palm oil inches lower, tracks soybean oil losses MALAYSIA IN THE NEWS:

> Abu Dhabi in nearly $7 bln oil investment in Malaysia

> Thai rosewood gets international protection to curb China trade

> PREVIEW-India's Feb palm oil imports drop on duty rise

> Fitch affirms Etiqa Insurance at IFS 'A'; outlook stable

> Carlyle, KKR board Asia insurance deal train with Thai Life bid -sources - Reuters

VEGOILS-Market factors to watch March 13(Wednesday)

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

* Malaysian palm oil futures edged lower on Tuesday, tracking weaker overseas soybean oil markets, although a fall in palm oil stockpiles helped keep losses in check.

* U.S. corn eased on Wednesday after gaining for four straight days, though remained close to a five-week high in the previous session on concerns over tight feed stocks.

* Brent crude prices fell a third straight session in choppy trading on Tuesday, while U.S. oil posted a fourth consecutive gain, tightening the spread between the two contracts to the narrowest since January.

MARKET NEWS

* The iconic Dow eked out another all-time record high on Tuesday but global equity markets slid, while the yen rose from a 3-1/2-year low against the U.S. dollar for the first time in a week.

* Gold had its biggest gain in two weeks on Tuesday after a top European Central Bank official said the euro zone crisis was not over, and copper and other base metals rallied too, sending commodities higher for a third day in a row. RELATED NEWS

> TABLE- Indonesia's palm oil export tax for March

> PREVIEW-India's Feb palm oil imports to drop on duty rise

> Record Brazil soy crop 50 pct harvested, buyers still favor U.S.

> COLUMN-U.S. soybean basis levels reveal firm demand

> China buys more U.S. corn; feed producer wants import curbs eased > ANALYSIS-Sorghum makes comeback amid U.S. drought worries

> Corn climbs for fourth day on supply concern > Liffe robustas hit five-month high, cocoa extends rally

> Ethanol RIN values fall after rapid run higher

DATA/EVENTS

> Cargo surveyors to release Malaysia's March 1-15 export data on Friday. - Reuters

DIARY - Malaysia - March 13(Wednesday)

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

WEDNESDAY, MAR 13

* SUBANG - Firefly gives briefing on Career in Aviation Programme at Skypark Terminal, Sultan Abdul Aziz Shah Airport, Subang at 0900am (0100).

* PETALING JAYA - Strategic Alliance between Credit Guarantee Corp Malaysia Bhd (CGC) and Alliance Bank Malaysia Bhd at CGC Building, Kelana Jaya Business Centre, Petaling Jaya at 0930am (0130).

* SUBANG - Press conference on the MercedesTrophy 2013 at Saujana Golf and Country Club, Subang at 1030am (0230).

* KUALA LUMPUR - Permodalan Nasional Bhd announces dividend for Amanah Saham Malaysia (ASM) at Menara PNB, Jalan Tun Razak, Kuala Lumpur at 1200pm (0400).

* KUALA LUMPUR - Press conference with United Nations Rapporteur on Rights of Indigenous Peoples by Suara Rakyat Malaysia at Vivatel KL, Jalan Loke Yew, Kuala Lumpur at 1200pm (0400).

* PUTRAJAYA - Tourism Minister Ng Yen Yen chairs the press conference on 'Karnival Pelancongan Lima 2013' at Minister's Office, Ministry of Tourism, Putrajaya at 1330pm (0530).

* KUALA LUMPUR - Domestic Trade, Cooperatives and Consumerism Minister Ismail Sabri Yaakob announces financial performance of Bank Kerjasama Rakyat Malaysia Bhd in 2012 at Sime Darby Convention Centre, Kuala Lumpur at 1400pm (0600).

* KUALA LUMPUR - Government Transformation Programme and Economic Transformation Programme briefing at Securities Commission Malaysia, Jalan Bukit Kiara, Kuala Lumpur at 1430pm (0630).

* Deputy Prime Minister Muhyiddin Yassin lays foundation stone for Perodua's new factory and launches new 'S' model at Perusahaan Otomobil Kedua Perodua Sdn Bhd, Sungai Choh at 1430pm (0630).

* KUALA LUMPUR - Performance Management & Delivery Unit editors' briefing (closed door) for Government Transformation Programme and Economic Transformation Programme by Minister in the Prime Minister's Department Idris Jala at Securities Commission of Malaysia, Kuala Lumpur at 1430pm (0630).

* KUALA LUMPUR - Deputy Prime Minister Muhyiddin Yassin attends Hua Zhong dinner at Ritz Carlton Hotel, Kuala Lumpur at 2030pm (1230).

THURSDAY, MAR 14

KUALA LUMPUR - The Securities Commission Malaysia (SC) holds press conferecne on its annual report 2012 at Securities Commission Malaysia, Jalan Bukit Kiara, Kuala Lumpur at 1000am (0200).

PETALING JAYA - Launch of ICAEW Regional Centre of Accountancy Training Excellence at Sunway Resort Hotel and Spa, Bandar Sunway, Petaling Jaya at 1130an (0330).

WEDNESDAY, MAR 20

KUALA LUMPUR - Release of February 2013 Consumer Price Index.

FRIDAY, MAR 22

KUALA LUMPUR - Release of International Reserves as at 15 March 2013.

FRIDAY, MAR 29

KUALA LUMPUR - Release of February 2013 Money Supply data, and Detailed Disclosure of International Reserves as at end February 2013.

FRIDAY, APR 5

KUALA LUMPUR - Release of International Reserves as at 29 March 2013 and February 2013 External Trade data.

THURSDAY, APR 11

KUALA LUMPUR - Release of February 2013 Index of Industrial Production (IPI) and February 2013 Manufacturing Sales.

WEDNESDAY, APR 17

KUALA LUMPUR - Release of March 2013 Consumer Price Index.

MONDAY, APR 22

KUALA LUMPUR - Release of International Reserves as at 15 April 2013.

TUESDAY, APR 30

KUALA LUMPUR - Release of March 2013 Money Supply data, and Detailed Disclosure International Reserves as at end March 2013.

WEDNESDAY, MAY 1

KUALA LUMPUR - Market and Public Holiday - Labour Day.

WEDNESDAY, MAY 8

KUALA LUMPUR - Release of International Reserves as at 30 April 2013 and March 2013 External Trade data.

THURSDAY, MAY 9

KUALA LUMPUR - Release of BNM Monetary Policy Statement, March 2013 Index of Industrial Production (IPI) and March 2013 Manufacturing Sales.

WEDNESDAY, MAY 15

KUALA LUMPUR - Release of 1st Quarter 2013 GDP.

WEDNESDAY, MAY 22

KUALA LUMPUR - Release of International Reserves as at 15 May 2013 and April 2013 Consumer Price Index.

FRIDAY, MAY 24

KUALA LUMPUR - Market and Public Holiday - Wesak Day.

FRIDAY, MAY 31

KUALA LUMPUR - Release of April 2013 Money Supply data and Detailed Disclosure of International Reserves as at end April 2013.

SATURDAY, JUN 1

KUALA LUMPUR - Market and Public Holiday - The Yang di-

Pertuan Agong's Birthday.

WEDNESDAY, JUN 5

KUALA LUMPUR - Release of April 2013 External Trade data.

FRIDAY, JUN 7

KUALA LUMPUR - Release of International Reserves as at 31 May 2013.

TUESDAY, JUN 11

KUALA LUMPUR - Release of April 2013 Index of Industrial Production (IPI) and April 2013 Manufacturing Sales.

WEDNESDAY, JUN 19

KUALA LUMPUR - Release of May 2013 Consumer Price Index.

FRIDAY, JUN 21

KUALA LUMPUR - Release of International Reserves as at 14 June 2013.

FRIDAY, JUN 28

KUALA LUMPUR - Release of May 2013 Money Supply data, and Detailed Disclosure of International Reserves as at end May 2013.

THURSDAY, JUL 4

KUALA LUMPUR - Release of May 2013 External Trade data.

FRIDAY, JUL 5

KUALA LUMPUR - Release of International Reserves as at 28 June 2013.

THURSDAY, JUL 11

KUALA LUMPUR - Release of BNM Monetary Policy Statement, May 2013 Index of Industrial Production (IPI) and May 2013 Manufacturing Sales.

WEDNESDAY JUL 17

KUALA LUMPUR - Release of June 2013 Consumer Price Index.

MONDAY, JUL 22

KUALA LUMPUR - Release of International Reserves as at 15 July 2013.

WEDNESDAY, JUL 31

KUALA LUMPUR - Release of June 2013 Money Supply data, and release of Detailed Disclosure of International Reserves as at end June 2013.

MONDAY, AUG 5

KUALA LUMPUR - Release of June 2013 External Trade data.

WEDNESDAY, AUG 7

KUALA LUMPUR - Release of International Reserves as at 31 July 2013, June 2013 Index of Industrial Production (IPI) and June 2013 Manufacturing Sales.

THURSDAY-FRIDAY, AUG 8-9

KUALA LUMPUR - Market and Public Holiday - Hari Raya Puasa

(Eid-Fitr).

WEDNESDAY, AUG 21

KUALA LUMPUR - Release of 2nd Quarter 2013 GDP and July 2013 Consumer Price Index.

THURSDAY, AUG 22

KUALA LUMPUR - Release of International Reserves as at 15 August 2013.

FRIDAY, AUG 30

KUALA LUMPUR - Release July 2013 Money Supply data and release of Detailed Disclosure of International Reserves as at end July 2013.

SATURDAY, AUG 31

KUALA LUMPUR - Market and Public Holiday - National Day.

THURSDAY, SEP 5

KUALA LUMPUR - Release of BNM Monetary Policy Statement.

FRIDAY, SEP 6

KUALA LUMPUR - Release of International Reserves as at 30 August 2013, and July 2013 External Trade data.

WEDNESDAY, SEP 11

KUALA LUMPUR - Release of July 2013 Index of Industrial Production (IPI) and July 2013 Manufacturing Sales.

MONDAY, SEP 16

KUALA LUMPUR - Market and Public Holiday - Malaysia Day.

WEDNESDAY, SEP 18

KUALA LUMPUR - Release of August 2013 Consumer Price Index.

MONDAY, SEP 23

KUALA LUMPUR - Release of International Reserves as at 13 September 2013.

MONDAY, SEP 30

KUALA LUMPUR - Release of August 2013 Money Supply data and Detailed Disclosure of International Reserves as at end August 2013.

FRIDAY, OCT 4

KUALA LUMPUR - Release of August 2013 External Trade data.

MONDAY, OCT 7

KUALA LUMPUR - Release of International Reserves as at 30 September 2013.

THURSDAY, OCT 10

KUALA LUMPUR - Release of August 2013 Index of Industrial Production (IPI) and August 2013 Manufacturing Sales.

TUESDAY, OCT 15

KUALA LUMPUR - Market and Public Holiday - Hari Raya Haji

(Eid-Adha).

TUESDAY, OCT 22

KUALA LUMPUR - Release of International Reserves as at 14 October 2013.

WEDNESDAY, OCT 23

KUALA LUMPUR - Release of September 2013 Consumer Price Index

THURSDAY, OCT 31

KUALA LUMPUR - Release of September 2013 Money Supply data, and Detailed Disclosure of International Reserves as at end September 2013.

SATURDAY, NOV 2

KUALA LUMPUR - Market and Public Holiday - Deepavali.

TUESDAY, NOV 5

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

THURSDAY, NOV 7

KUALA LUMPUR - Release of BNM Monetary Policy Statement.

FRIDAY, NOV 8

KUALA LUMPUR - Release of September 2013 External Trade data.

MONDAY, NOV 11

KUALA LUMPUR - Release of International Reserves as at 31 October 2013, September 2013 Index Industrial Production (IPI) and September 2013 Manufacturing Sales.

FRIDAY, NOV 15

KUALA LUMPUR - Release of 3rd Quarter 2013 GDP.

WEDNESDAY, NOV 20

KUALA LUMPUR - Release of October 2013 Consumer Price Index.

FRIDAY, NOV 22

KUALA LUMPUR - Release of International Reserves as at 15 November 2013.

FRIDAY, NOV 29

KUALA LUMPUR - Release of October 2013 Money Supply data and Detailed Disclosure of International Reserves as at end October 2013.

FRIDAY, DEC 6

KUALA LUMPUR - Release of International Reserves as at 29 November 2013, and October 2013 External Trade data.

WEDNESDAY, DEC 11

KUALA LUMPUR - Release of October 2013 Index of Industrial Production (IPI) and October 2013 Manufacturing Sales.

WEDNESDAY, DEC 18

KUALA LUMPUR - Release of November 2013 Consumer Price Index.

FRIDAY, DEC 20

KUALA LUMPUR - Release of International Reserves as at 13 December 2013.

WEDNESDAY, DEC 25

KUALA LUMPUR - Market and Public Holiday - Christmas Day.

TUESDAY, DEC 31

KUALA LUMPUR - Release of November 2013 Money Supply data and Detailed Disclosure of International Reserves as at end November 2013

NOTE: The inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. - Reuters

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