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RM10bil likely for second stimulus package INDICES
FEBRUARY 3, 2009
CHANGE
FBMEMAS 5,758.16 -35.83
KUALA LUMPUR: The much-an- to further cushion the Malaysian growth and eventually cushion the on speedy implementation of the COMPOSITE 2,076.11 -4.78
ticipated second stimulus package economy from deepening global impact,” it said. projects and disbursements of pay- INDUSTRIAL 2,077.05 -22.28
is expected to be about RM10 billion credit crisis. It said public expenditure was ment to relevant economic parties. CONSUMER PROD 284.89 +0.06
on account of further savings from “Assuming the multiplier effect projected to expand by 9.4% this It said another plus for Malaysia INDUSTRIAL PROD 65.90 -0.48
the fuel subsidy – RM3 billion more of the November fiscal stimulus year, up from an estimated 6.1% was the fact that its overall financial CONSTRUCTION 165.91 +0.72
than the first package announced starts to kick in during the second last year, which meant a contribu- sector’s ability to remain relatively TRADING/SERVICES 115.35 -1.67
on Nov 4 last year. quarter of 2009 and the next stimu- tion of 2.3 percentage points to the unscathed following the US sub- FINANCE 6,932.18 +20.05
Kenanga Research, in its report, lus package in April would start country’s overall gross domestic prime debt crisis. PROPERTIES 528.00 -6.06
PLANTATIONS 4,449.48 -0.57
“Economic Outlook 2009”, released to have an impact in the fourth product growth. “This may lessen the overall MINING 249.25 UNCH
yesterday, said any increase in de- quarter 2009, we believe it would Kenaga said the impact of the adverse impact on the economy,” it FBMSHA 5,972.07 -53.38
velopment spending was expected help support domestic demand packages, however, was premised said. – Bernama FBM2BRD 3,907.90 -30.72
TECHNOLOGY 13.24 +0.11
TURNOVER VALUE
Share prices
close lower
RM506.259mil
of 5 sen for its Public Index Fund, 0.3 M’sia third in SMS The company said with a
sen for the Public Islamic Optimal 93% mobile penetration rate,
briefs Growth Fund, 2 sen for the Public
Enhanced Bond Fund and 3 sen for
traffic in Asia Pacific
KUALA LUMPUR: Malaysia was
the Malaysian mobile market is
fast reaching saturation point
Public Money Market Fund. ranked third in the Asia Pacific, in and for the first time, broke the
In a statement yesterday, respect of the short messaging one billion mark for messaging
Public Mutual chairman Tan Sri service (SMS) traffic processed traffic over a two-day period.
Public Mutual Teh Hong Piow said the company during Christmas and New Year, “This was a 13% increase in
was pleased to be able to declare with over one billion messages. messaging growth compared
declares distributions distributions despite challenging Acision, the world’s leading to the same period last year,” it
KUALA LUMPUR: Public Bank’ market conditions. messaging company, said Ma- added.
wholly-owned subsidiary, Public Public Mutual managed 67 laysia was placed third behind Acision reported a 40%
Mutual, has declared gross funds with over two million the leader, the Philippines, with increase in messaging traffic
distributions for four of its funds accountholders. 2.36 billion and Indonesia, 1.193 during Christmas and New Year
for the financial year ended Jan 31, As at Dec 31 last year, total net billion. Malaysia recorded 1.075 across the Asia Pacific with a
2009. asset value of the funds it managed billion messages, Acision said in total of 6.37 billion messages.
It declared a gross contribution was RM23.3 billion. – Bernama a statement yesterday. – Bernama