Kenanga Research - Regional News Update - 24 Sep 2012

SINGAPORE NEWS HIGHLIGHTS

- UOB, SMU set up institute to help SMEs

- Schroder Singapore acquires 25.0% stake in Axis AMC

- Olam acquires Northern Coffee in Zambia for USD6.2m

- SingTel's associate declared broke despite SGD7.4b assets

- SingTel fined SGD380k

INDONESIA NEWS HIGHLIGHTS

- Bank Indonesia promotes new lender licensing scheme

- Indonesian banks may face higher systemic liquidity risk stemming from

Basel III adoption

- Indonesia seeks 10.0% royalties from miners with long-term contracts

- Indonesia courts order 'liquidators' to take over Telkomsel

- Indosat declines most in four months as rally seen excessive

THAILAND NEWS HIGHLIGHTS

- Car exports up 18.0% in August

- Thailand set for record auto production

- Thailand’s biggest bank deal seen as ge exits: Real M&A

- Thailand approves additional budget for buying rubber

- Thai AIS to invest USD1.6b on new 3G network over 3 years

Source: Kenanga