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Daily News

 

Thursday
Sep032015

3 September 2015, Thursday

Banks

RHBCap trimming workforce

Voluntary exit scheme will close on 23 September

Capital markets

Banking stocks still leading decline in FBM KLCI

Sunway rewards shareholders

Minister of Finance Inc unit now second-largest shareholder of Destini

CIMB remisier fined RM31k for misconduct

Gaming

RGB sees potential in Nepal

Penang-based company still keen on Timor Holdings

Graft

Malaysia must explain how millions of dollars ended up in PM’s bank account

MACC may be made independent, answerable to Parliament

Swiss AG freezes assets amid investigation into 1MDB

Insurance

Zurich Insurance looking to double SME clients

Property

Mid-October launch for Agile Mont Kiara

LBS Bina confident of achieving sales target

High-rise residential projects continue to mushroom in Ipoh

Retail

Negative impact of GST worse than anticipated

Transport

Scomi Engineering wants bigger share of rail projects

KL-Singapore HSR project to start in 2017, completion by 2022

ASIA

Capital markets

Investors getting mixed signals about Chinese government’s intentions

Real estate

India’s DLF forms JV with Singapore’s GIC to build two projects in New Delhi

Retail

MBK Partners preferred bidder to buy Tesco’s Homeplus unit

AUSTRALIA

Employment

Removal of employee from weekend work roster did not constitute breach

Judgment

Retail

Disappointing start to Q3

SINGAPORE

Economy

Economists less confident about growth outlook

Gaming

Lasseters International secures major concessions for Alice Springs casino

Shipping

Role of intermediate vendors and brokers in contracts for sale and purchase of bunkers

UK

Competition

Green light for Shell’s takeover of BG; deal still needs mandatory approvals from Australia, China

Dispute resolution

Indemnity given by seller did not cover buyer’s claim

Real estate

Broadgate Quarter sale collapses

US

Antitrust

Nikkei’s purchase of Financial Times from Pearson approved

BMW, Audi and Mercedes can buy Nokia’s maps business

Media

DreamWorks Studios, Walt Disney splitting up

Real estate

Cushman & Wakefield-DTZ merger complete

Technology

Apple needs to figure out how to top own success

Hewlett-Packard may sell TippingPoint unit ahead of corporate split

Wednesday
Sep022015

2 September 2015, Wednesday

Capital markets

Silverlake Axis founder hardest hit by market turbulence

Damages

First time Court of Appeal has recognised damages for IVF treatment

Earnings

Plantations, auto sectors disappoint

Economy

Political uncertainties could dampen business sentiment and economic growth

Legislation

Prevention of Terrorism Act 2015 comes into force

Management

Kumpulan Perangsang Selangor appoints head of investment as acting CEO

Former Pemandu director appointed CEO of Land Public Transport Commission

TH Heavy Engineering chairman quits

Oil and gas

Petronas may buy Statoil’s stake in gas pipeline into Europe from Caspian basin

Plantations

Felda Global Ventures ponders revising terms for Eagle High stake

Property

12 bids received for 1MDB’s Bandar Malaysia project

Sport

Squash queen’s nine-year reign as women’s world No 1 halted

Telecommunications

Signs of resurrection in Q2 at Maxis, Celcom Axiata and DiGi

ASIA

Banks

Loans from AIIB will have fewer strings attached than World Bank’s

Competition

Google accused of abusing dominant position in online search in India

Similar cases that Google has faced in the past

Gaming

Gambling revenue in Macau slides for 15th month in a row

AUSTRALIA

Competition

ACCC’s case first action of its kind against Visa

Employment

College course coordinator sacked by email wins unfair dismissal case

EUROPE

Antitrust

New platform a potential headache for Google

Banks

Suitors not lining up to buy Italy’s Monte dei Paschi di Siena

SINGAPORE

Insurance

CEO of Aviva Asia leaving for Great Eastern

Investment

Monetary Authority of Singapore rolls out Singapore Savings Bond

Real estate

CapitaLand’s Ascott widens lead as world’s largest international serviced residence owner/operator

Bungalow in Sentosa Cove sold for S$14 million

UK

Consumer goods

Baring Private Equity Asia has acquired 40% of Britain’s Weetabix

Mergers and acquisitions

British icon Aga at centre of takeover tussle between Whirlpool and Middleby

Park Resorts, Parkdean Holidays merging to create nation’s biggest holiday park operator

Real estate

China’s HNA acquires European HQ of Thomson Reuters

US

Employment

Uber drivers in California can sue as group over whether they are employees or contractors

Real estate

AKA United Nations is ‘first ever crowdfunded building in New York’

Technology

Google introduces new logo in biggest redesign since 1999

Tuesday
Sep012015

1 September 2015, Tuesday

Autos

Boon Koon launching own range of superbikes, plans passenger cars

Aviation

Malaysia Airlines Bhd marks first day as new owner of national carrier

Spanish manufacturer cannot confirm flaperon is from missing MH370

Banks

RHBCap focusing on organic growth instead of expanding through M&A

CIMB navigating through slowing economic growth, depreciating currencies

Capital markets

IHH Healthcare rises on acquisition of Global Hospitals stake

Acquisition augments and complements IHH’s position in quaternary care segment

Corporate governance

Internal auditors must become agents of change

Earnings

7-Eleven Malaysia’s Q2 profit declines

Gaming

Weaker ringgit seen to be positive for Genting Malaysia

Islamic capital market

Tenaga Nasional’s Jimah East Power plans RM10 billion Sukuk

Danajamin Nasional, Bank Pembangunan co-guarantors of West Coast Expressway Sukuk

Plantations

Sector unlikely to provide much relief for Sime Darby

Real estate

Paramount’s greenfield projects on back burner

CapitaLand reviewing RM8 billion JV project in Danga Bay, Johor

Home values buoyed by increasing amenities in Tropicana and nearby Kota Damansara

Listed manufacturers venturing into property development to reverse fortunes

Tax

IRB Public Ruling No 6/2015: Qualifying Expenditure and Computation of Capital Allowances

Telecommunications

Green Packet made loss instead of profit in Q1

Tort

theSun and former editors had not acted with malice in report on Perkasa

ASIA

Financial markets

Regulators investigating who was behind China’s wild stock market rollercoaster ride

Chairwoman of hedge fund Man Group’s China unit assisting police probe

Insurance

Ageas sells HK unit to China’s JD Capital; deal should close in H1 2016

Technology

Samsung releases new Gear S2 smartwatch

AUSTRALIA

Competition

Flight Centre ‘surprised and disappointed’ by ACCC’s decision to appeal Federal Court ruling

Franchising

7-Eleven franchisee accused of underpaying workers, doctoring payrolls

Staff not the only victims of 7-Eleven franchise model

Real estate

Australand now known as Frasers Property Australia

SINGAPORE

E-commerce

SingPost extends regional footprint

Healthcare

Raffles Medical buying 10 clinics in China, Vietnam and Cambodia for US$24.5 million in cash

UK

Arbitration

Issues of confidentiality and agency

Judgment

Infrastructure

Allianz, Borealis Infrastructure explore bid for London City Airport

US

Banks

Citi plans to court hedge funds more actively to boost equities market share

Technology

Investors much more selective about backing 'unicorns'

Friday
Aug282015

28 August 2015, Friday

Airlines

AirAsia X auditors uncover RM7 million of fake payments to service provider

Aquaculture

QL Resources spending bulk of capex on expansion of shrimp farming

Poor results in integrated livestock farming little to do with weak ringgit

Banks

Malaysia and Thailand sign MoU

Central bank’s statement

Maybank to focus on organic growth

Capital markets

Scan Associates withdraws lawsuit against Bursa Securities

Earnings

Aeon’s Q2 profit down 67%

DRB-Hicom slips to net loss in Q1

KPJ Healthcare’s Q2 profit up 7%

Economy

Weaker ringgit limits direct impact on sovereign credit profile

Environment

Compulsory waste separation scheme for certain households begins Tuesday

Graft

Sensational legal suit filed against PM in respect of controversial RM2.6 billion donation

Manufacturing

VS Industry benefits from weaker ringgit

Plantations

Felda Global Ventures sells Canadian oilseed processing plant to Viterra

Property

Encorp’s weaker Q2 results due to lower sales by property division

HBA says action needed to stop property prices spiralling out of control

Mixed development project in Taman Metropolitan Kepong going ahead despite objections

Social media

Bersih website blocked ahead of weekend rally

Telecommunications

Telekom Malaysia, TIME dotCom ink 20-year agreement on new submarine cable system

ASIA

E-commerce

Alibaba and rivals head for countryside in search of fresh profits

Insurance

Nippon Life in talks to buy National Australia Bank’s insurance business

Nissay on acquisition trail

AUSTRALIA

Islamic finance

National Australia Bank funds Crescent Wealth purchase

Telecommunications

Telstra considering wireless JV in Philippines

EUROPE

Autos

Ferrari considering Fiat Chrysler chief as CEO

Aviation

Final report on downing of MH17 out October

SINGAPORE

Commodities

Japanese trading house Mitsubishi becomes second-largest shareholder in Olam

Property

Rowsley ventures into Britain’s property and hospitality sectors

UK

Banks

Up-and-coming Aldermore beats expectations

Oil and gas

France’s Total sells some UK gas assets for £585 million

Wealth

Number of millionaires up 41%, thanks to booming house prices and stock market gains

US

Antitrust

Google rebuffs accusations company’s activities had reduced online competition

Technology

Apple may unveil new iPhones, iPad next month

Thursday
Aug272015

27 August 2015, Thursday

Banks

‘Fairly good set of results’ for Hong Leong

Constitutional law

Borders manager should never have had to endure three-year legal struggle

Earnings

Genting’s weakest result since December 2008

Less-than-stellar Q2 performance no surprise

IHH records higher revenue from Malaysia, Singapore and Turkey

MMC’s Q2 profit surges to RM1 billion

Sime Darby’s Q4 profit adversely affected by bearish commodity prices, volatile market

Economy

PM’s brother, former Second Finance Minister among nine appointed to new economic committee

Absence of central bank governor would limit committee’s access to policy options

Insurance

Great Eastern Life marks 107th anniversary

Tune Ins maintains projection of double-digit growth

Investment

Abu Dhabi’s IPIC not withdrawing from plan to help restructure 1MDB’s debts

Manufacturing

Home-grown Ramly Food Processing building production complex in Pulau Indah

MSM Malaysia investing RM1 billion in Johor refinery

Property

Naza TTDI awarded Kwasa Land project

Mah Sing revises sales target, scales back on launches

Retail

Kedah’s Aman Central mall opening in October

Tort

Five-man Bench reserves decision on test case

ASIA

Capital markets

Hong Kong stock market battered by China’s US$5 trillion selloff

Media

Dalian Wanda now owns World Triathlon, organiser of Iron Man triathlons

AUSTRALIA

Employment

Ex-manager’s adverse action claims thrown out

Healthcare

Ramsay Health Care profit buoyed by new acquisitions, expansions in existing hospitals

Retail

Billabong back in the black

SINGAPORE

Property

GuocoLand’s Q4 earnings down 42%

Marine tycoon buys into economy hotel market in US

Retail

MBK Partners, Temasek to bid for Tesco’s South Korea arm

UK

Banks

CEO of HSBC’s fund management arm moving to Hong Kong

Gaming

Paddy Power, Betfair to merge in £5 billion transaction

Technology

Qualcomm sells UK spectrum rights to Vodafone and CK Hutchison

US

Autos

Hyundai Genesis closing in on BMW and Mercedes

Banks

Barclays wins significant legal battle

Mergers and acquisitions

Monsanto abandons pursuit of Swiss rival Syngenta

Syngenta needs to prove reluctance to a deal was worth it

Monsanto keeps mum about next move

Oil and gas

Schlumberger to buy equipment maker Cameron International for US$14.8 billion