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NEWS UPDATES Asean Affairs     3 October  2011                    

Malaysian gas shortage may impact power

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Shares in Malaysia's state power firm Tenaga Nasional fell as much as 3.1 percent on Monday on concerns of lower fourth quarter earnings due to a prolonged gas shortage.

Citigroup said in a note that it expected Tenaga to post a weak fourth quarter results due to concerns that a prolonged gas supply interruption could worsen, forcing the company to buy expensive fuel oils for power generation.
Tenaga shares were trading at 5.03 ringgit ($1.576)as at 0210 GMT(1010 Malaysian time), down 2.71 percent compared to the broader market which lost 1.8 percent.

Shares in Malaysian planters KL Kepong and IOI Corp also fell on Monday morning trade on concerns that weaker global demand for palm oil may hurt future earnings, analysts said.

"Plantations are a cyclical business and with the bleak outlook for the global economy hitting commodity markets, palm oil firms with high exposure to overseas exports are coming under pressure," said an analyst with a local investment bank.

The country's No.2 planter IOI Corp lost as much as 2.6 percent while KL Kepong, the third largest listed palm oil firm, dropped as much as 3.6 percent.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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