The leading index (LI) increased 3.7% mom to 177.5pt in March (-0.5% in Feb). The coincident index (CI) rose by 1.6% mom to 121.8pt (1.1% in Feb). On an annualized sixmonth smoothed growth rate, the LI and CI grew by 11.2% and 9.4% respectively in March. Thus, the economy is expected to continue to grow in the coming months. (Department of Statistics) Please see our Economic Update for further details
The government may raise US$1.0bn to US$1.5bn from the sale of dollar-denominated Islamic bonds, its first global offering in almost 8 years, according to a finance ministry official with direct knowledge of the plan. The government is still aiming to start the debt sale in June, the official said. (Malaysian Reserve)
DPM Tan Sri Muhyiddin Yassin announced a cash incentive for principals, head teachers and teachers who help boost the academic performance of their schools. Those attained the Key Performance Indicator (KPI) target set by the ministry could get a cash incentive of between RM900 and RM7,500 beginning this year. (Malaysian Reserve)
Malaysia will begin cross-trading shares with Thailand by the 2H11, followed by Singapore and the Philippines, in a regional drive to lure more overseas funds, the head of Malaysia’s exchange said. The exchange of Malaysia, Indonesia, Singapore, Thailand and the Philippines on 23 Feb 09, signed a preliminary agreement to develop links for crossborder trading among the Association of South-East Asian Nations. (Malaysian Reserve)
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