Stock Market Books

Thursday, May 22, 2008

Fuel subsidy for Malaysia may bit RM 53b this year

Fuel subsidy may hit RM53b this year, Bloomberg quote second Finance Minister saying.
Cost to provide fuel subsidy biggest problem facing government.

CPO futures surges RM 63 to RM 3620 per tonne, riding on record high crude oil price of US$134.33 per barrel.

US-based T. Rowe Price’s indirect stake in AirAsia cut to167.64m or 7.06% after disposal of 5.5m shares on May 14.

Berjaya Group’s Vincent Tan joins Malaysia’s billionaires club with net worth of US$1.3b(RM4.17 bil), up nearly US$1b from last year, says Forbes Asia.

TSH Resources which owns 60,000 ha land looking to buy more land and in talks with sellers in Indonesia. Also expects to do better this financial year.

Capital Group International emerges substantial shareholder in E&O Property with 5.01 % or 33.16m shares.
US semiconductor equipment manufacturers post US$1.07 bil orders in April, book-to-bill ratio falls to 0.81, the lowest since November.

Ex-NPC Resources director Koh Kin Lip substantial shareholder of Daya Materials with 16.2m shares or 5.49% after buying 16m shares May 16.

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