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Sunday 16 August 2009

Kenanga Today - 17 Aug 2009





Corporate News

· Incentive for airlines

· Ideal Property to launch RM1.1bil project in Penang

· Banks ready to implement new framework by January 2010

· Mayland to expand retail mall business

· Hartalega 1Q net profit doubles to RM26m

· Sunrise posts RM43.15m net profit in 4Q

· Hap Seng's acquisition of Menara Citibank at RM235m



Foreign News

· Porsche buy launches VW drive for world domination

· $25bn Colonial Bank closed down by US regulators

· Doha deal could boost world GDP US$300b-US$700b

· China Merchants plans rights issue

· 1,200 new cars hit Beijing every day: state media

· China to start cutting carbon emissions in 2050: FT

· Japan's big businesses expect recovery by mid-2010

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