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Daily News

 

Friday
Sep192014

19 September 2014, Friday

Aviation

Hunt for missing MH370 to resume end-September

Capital markets

Banks invited to pitch for helicopter operator Weststar’s share listing

Pelaburan Mara nears deal to buy 5% of TH Heavy Engineering

Construction

Work on seven new highways to start next year

Earnings

GBP rate changes unlikely to have real impact on Malaysian companies with UK exposure

Islamic finance

1MDB plans RM8 billion Sukuk

Monetary policy

Bank Negara Malaysia keeps key interest rate unchanged

Central bank’s statement

Plantations

Malaysian planters breathe easier as Indonesia rethinks foreign ownership cap

Property

KSK expects gross profit of RM1.6 billion from 8 Conlay project

Takaful

MNRB focusing on expanding Takaful business

Tax

Gold jewellers could face 20% to 30% drop in sales post-GST

ASIA

Islamic finance

Indonesia preparing draft regulations for Islamic pension funds

Real estate

Investors, analysts alarmed at Hyundai Motor’s big bid for new HQ

Technology

Sony paying a price for clinging to past, competitor Panasonic prospers

AUSTRALIA

Capital markets

Australia, Singapore can access each other’s trade repositories

Mergers and acquisitions

Mega deals likely to be a feature of domestic landscape in 2014-15

CANADA

Dispute resolution

Appellate court’s ability to raise new grounds of appeal

Oil and gas

TransCanada a possible target of activist investors

Details of Petronas’ LNG taxation scheme in November

SINGAPORE

Healthcare

135-year-old Eu Yan Sang aims to become billion-dollar company in 10 years

Sport

Lion City banking on marquee Formula One race

UK

Autos

Malaysian-owned Lotus cutting workforce by 27%

Employment

Pinsent Masons fielding claims from employment partner, senior associate and associate

Leisure

Merlin Entertainments may roll out ‘Dungeon’ brand to other US cities after San Francisco

US

Antitrust

Executives from Mitsubishi, Hitachi indicted on charges of price fixing

Capital markets

First year’s performance for most mega deals was a major flop

Healthcare

World’s richest doctor has a prescription for improving healthcare

Islamic finance

MidEast investors bought 87% of Goldman Sachs Sukuk

Technology

‘Open Sesame’ for Alibaba

Former teacher an inspiration to millions across China

Billionaire founder of business software giant Oracle stepping down as CEO

Oracle risks following wayward path of companies where dual chiefs failed to mesh

Thursday
Sep182014

18 September 2014, Thursday

Airlines

British Airways resuming London-KL route from May 2015

Malaysia Airlines offering Rolex watches as incentives to travel agents

US$30 million reward for conclusive evidence on who shot down MH17

Autos

Mercedes Benz cars could be cheaper post-GST

E-commerce

MDeC targeting RM31 billion contribution to GDP by 2020

Economy

GDP growth projected at 6% this year, 5% in 2015

Education

Malaysian Medical Council reviewing accreditation of foreign medical schools

Employment

Forced labour widespread in Malaysian electronics industry

Employers who neglect workers’ safety should be dealt with more severely

Financial markets

Mortgage lender Cagamas makes overseas bond market debut

Insurance

Zurich Insurance looking to double revenue of Malaysian unit in next five years

Investment

Khazanah’s investment in e-commerce giant Alibaba now estimated to be worth US$1 billion

Islamic finance

Being open to female talent has allowed Malaysia to access a wider pool of Shariah scholars

Bond and Sukuk markets still very viable for corporates

Sultan of Perak consents to role as Royal Patron for Islamic Finance Initiative

Property

CEO of SP Setia resigns after two decades; deputy president taking over

Property development business new growth driver for Fiamma Holdings

Telecommunications

DiGi.Com expects positive impact from potential refarming of 2G telecom spectrum between 900 and 1,800MHz

ASIA

Gaming

Groundbreaking ceremony for Resorts World Bayshore City within 90 days

Real estate

Hong Kong developers on track to sell a record HK$150 billion of new homes this year

Wealth

SoftBank founder now richest man in Japan, thanks to Alibaba IPO

AUSTRALIA

Competition

Supermarket giant Coles can proceed with acquisition of three independent grocery stores

Employment

Employer had not breached duty of care, risk of injury to worker not reasonably foreseeable

Fair Work Commission upholds dismissal of pot-smoking ferry driver

EUROPE

Insurance

Germany’s Allianz may sell parts of US business, Fireman’s Fund

Mergers and acquisitions

Holcim, Lafarge seek speedier approval of plan to create world’s biggest cement maker

SINGAPORE

Capital markets

Singapore Exchange to introduce minimum trading price requirement

Intellectual property

Inventor loses case against Housing and Development Board

UK

Capital markets

Upmarket shoe maker Jimmy Choo will decide in coming days on IPO

Construction

Net contribution clauses in contracts should be clearly drafted

Scottish independence

Fate of UK rests on wavering Scottish voters

Major powers quietly praying UK holds together

Possible prospective scenarios in different areas of law, should Scotland vote for independence

Scotland would need new IP laws once it leaves UK, brands would have to pay to re-register

Tax

ECJ rules VAT must be charged on services provided to companies by their overseas offices

Additional tax burden on banks, insurers and other financial services firms

Technology

Nationwide curbs on immigration put constraints on young firms’ ability to hire

US

Property

Americans flocking to the water’s edge, even as the risks to life and property mount

Part 1

Technology

Apple’s new iPads, next version of Mac OS unveiled on 21 October

Wednesday
Sep172014

17 September 2014, Wednesday

Aviation

Malaysia Airlines rejects claims grieving MH17 families being denied compensation owed

‘AJ’ staying on until September 2015

Capital markets

Formis Resources’ IT-based unit considers options to raise money

Education

UM, UKM among five Malaysian universities in top 400 of QS World University Rankings 2014

Energy

SEDA might take over off-grid RE projects in Sabah and Sarawak

Franchising

In-flight caterer Brahim’s in preliminary talks to buy Burger King franchise

Islamic finance

Industry will benefit from tapping into socially responsible investing segment

More needs to be done to raise awareness of Islamic ETFs

Oil and gas

Construction work on Asia Petroleum Hub may be revived with entry of ENOC

Priceworth in 60:40 JV with Semaring Enterprise

Coastal Contracts well placed to capitalise on reforms in Mexico’s O&G industry

Plantations

Oil palm estates in Sabah and Sarawak seeing new benchmark pricing

Property

Prices will continue to head north

GDV of Sime Property’s projects could hit RM100 billion

Retail

Mydin plans another 25 supermarkets in Malaysia

Tobacco

Philip Morris decision to maintain prices being closely watched

Water services

Federal, Selangor governments sign deal

ASIA

Investment

Myanmar revises forecast for FDI

Oil and gas

CNOOC makes first deep sea gas discovery in South China Sea

AUSTRALIA

Education

ANU clinches top ranking for Australian varsity

Oil and gas

Mergers set to sweep through sector with close to A$10 billion of assets on the market

Real estate

16% jump in Sydney house prices sparks alarm at Reserve Bank of Australia

EUROPE

Competition

Decision on AbbVie-Shire deal next month

Mergers and acquisitions

Club Med board welcomes new, higher takeover offer led by Fosun

GLOBAL

Banks

Harder for dealers to profit from confidential customer info in currency market

Tax

Largest, best-known corporations may have to rapidly dismantle elaborate cross-border corporate structures

SINGAPORE

Data protection

Karaoke bar chain may face the music over lax security

Police looking into extensive leakage of membership database

Education

National University of Singapore still top Asian university

NUS and NTU’s rise in rankings represents potential reconfiguration of soft power

UK

Corporate governance

Financial Reporting Council overhauls code for UK companies

Education

Imperial College London in joint second place with Cambridge

Management

Former finance director of RBS tipped to be new CEO of Santander UK

Oil and gas

ConocoPhillips auctioning 24% stake in Clair oilfield

US

Education

Massachusetts Institute of Technology maintains position as top-ranked university worldwide

Gaming

Wynn Resorts awarded sole licence for casino in lucrative Boston area

Islamic finance

Goldman Sachs first conventional US bank to issue Islamic bonds; Sukuk Wakalah draws US$1.5 billion of orders

Monday
Sep152014

15 September 2014, Monday

Airlines

Hyderabad-bound MAS flight turns back after auto-pilot defect

Banks

M&A may be inevitable amid shifting banking landscape, challenging operating environment

Capital markets

Pasukhas expects to transfer listing to Main Market of Bursa Malaysia within three years

VTI Vintage to trade as ML Global from Thursday

Competition

MyCC lauds move to allow foreign students to choose preferred insurer

Financial services

Manulife Asset Management seeking to become top five player in unit trust business

Healthcare

IHH Healthcare buying Singapore unit of India’s Fortis for RM346.5 million

Islamic finance

Room for further expansion in relatively unbanked Muslim countries and in the West

Sukuk from SocGen, Bank of Tokyo-Mitsubishi UFJ and Goldman Sachs set to expand boundaries

Bank of Tokyo-Mitsubishi UFJ hopes to expand IF business across Asia, the Gulf

Kuveyt Türk plans RM2 billion Sukuk in first foray into SE Asian Islamic debt capital market

Judiciary

15 judges elevated to Federal Court, Court of Appeal and High Court

Oil and gas

Next wave of Petronas’ big contracts expected to continue

Real estate

Eco World Development to buy 190ha in Batu Kawan from PDC for RM1 billion

Retail

AEON opening first home and interior furnishing store in November

Technology

iCar viewed as an emerging tech leader

ASIA

Banks

Japan’s J Trust among bidders for Indonesia’s Bank Mutiara

Telecommunications

Sri Lanka-based Dialog Axiata’s rating affirmed

UK

Capital markets

Amount of cash raised from flotations on main market of LSE could reach £11.7 billion by end-2014

Mergers and acquisitions

Burton’s Biscuits attempting ambitious merger with bigger rival United Biscuits

Friday
Sep122014

12 September 2014, Friday

Airlines

Malaysia Airlines needs backing of all shareholders for recovery plan to go into effect

Brahim’s Airline Catering eyes contracts with other airlines

Energy

Globaltec Formation makes maiden foray into renewable energy

Financial services

RCE Capital expects loans growth for personal financing segment to remain conservative for FY15

Manufacturing

Sabah targeting investments of up to RM5 billion

Property

Only 20% of developers optimistic about sales in H2

Rehda urges government to reconsider cooling measures

UMLand-CapitaLand JV launching The Apex in early 2015

Potential land acquisition by state government holding back Symphony Life’s Sungai Long project

Bank Negara Malaysia’s tips when considering a loan

Part 1

Retail

Owner of Silkygirl beauty care brand put up for sale by shareholders

Telecommunications

MCMC to review 900MHz and 1800MHz spectrums awarded to telcos

Tobacco

JTI cigarette brands cost more from today

Transport

Freight Management’s haulage licence could be suspended

Utilities

YTL in talks to acquire up to 49% of NSL’s thermal power business

ASIA

Antitrust

VW and Chrysler fined US$46 million in China

Regulators say not targeting multinational firms

Capital markets

Hong Kong regulator seeking sanctions against former Citic chairman, directors

Plantations

Malaysian manager of Kuala Lumpur Kepong’s Indonesian unit punished over forest fires

AUSTRALIA

Employment

Billionaire MP faces unfair dismissal claim from former assistant F&B manager

Telecommunications

TPG allowed to keep connecting urban apartments to its high speed broadband network

What isn't survivable for NBN is the potential entry of Telstra as a rival

EUROPE

Antitrust

British broadcaster BSkyB poised to be biggest pay-TV provider in Europe

Conditional approval for Hapag-Lloyd, CSV tie-up

Banks

MasterCard loses challenge against EU ban on cross-border card fees

SINGAPORE

Capital markets

Russian lender Sberbank explores Singapore Exchange listing

Investment

GIC investing US$250 million for 7.5% stake in US company XPO Logistics

Mergers and acquisitions

Ice cream and cake treat franchise Wendys scooped up by Global Yellow Pages unit

UK

Scottish independence

Momentum is with those who want change

Biggest names in banking and insurance will move HQ to England if Scotland votes to secede

Scottish lawyers see opportunity to take their rule of law to the world

Technology

Amazon UK quitting Slough base for London

US

Arbitration

Miami among cities vying to be international hub for arbitration proceedings

Technology

Yahoo! Inc and law firm Baker & McKenzie accused of engineering conspiracy