Search

If you wish to receive our publications and alerts,
please fill in this form.

Daily News

 

Thursday
Jul022015

2 July 2015, Thursday

Administrative law

Court still sitting on written grounds of judgment six months after dismissing Muslim scholar’s case

Autos

B10 biodiesel compatible with Mercedes-Benz after all

Aviation

Search for missing MH370 resumes today

Banks

CIMB books RM443 million in costs from mutual separation scheme here and in Indonesia

Capital markets

Currency and stock rally short-lived if country doesn’t clean up 1MDB mess

Malaysia first Asean country to have legal framework on crowdfunding

Mulpha Land now trading as Thriven Global

Healthcare

IHH closer to opening first hospital in China with local partner

Islamic finance

Agrobank now a full-fledged Islamic bank

Media

The Edge gets show-cause letter

Ministry must clarify which of the articles are wrong

Oil and gas

Fitch expects Petronas’ free cash flows to remain largely neutral

Petronas doesn’t control price of petrol in the country

Property

Prime parcel on Jalan Tun Razak, KL for sale

UEM Sunrise upbeat on new project, Estuari Gardens @ Puteri Harbour

MARA Inc said to have overpaid for third Melbourne property by RM18 million

Australian panel to revalue MARA properties in Sydney and Melbourne

Former CEO of IJM appointed MD of Keladi Maju

Tadmax Resources sells Pulau Indah land parcel to Ivory Merge for RM294 million

Telecommunications

Telcos’ Q2 profits may fall short of expectations

Time dotCom declares special dividend for FY15

Expansion of Telekom Malaysia’s fibre business seen to continue

ASIA

Autos

Toyota’s most senior female executive quits

Banks

AIIB could be touchstone for China to demonstrate ideas and leadership

Mergers and acquisitions

Court ruling paves way for Samsung merger to proceed

AUSTRALIA

Intellectual property

Patentee should carefully assess validity of patent before threatening infringement

Retail

Woolworths testing interest in upmarket grocery chain Thomas Dux

EUROPE

Architecture

Paris approves first skyscraper in over 40 years

London needs to get real and catch up with Paris

Insurance

Zurich-based ACE acquiring upmarket property insurer Chubb for US$28 billion

SINGAPORE

Commodities

Singapore Diamond Investment Exchange starts trading in September

Corporate governance

Singapore Airlines ditching Ernst & Young for KPMG as auditor

Real estate

Ascott REIT expands footprint to US

UK

Architecture

22 Bishopsgate, tipped to change London’s profile, not even biggest skyscraper in the works

Legal services

Managing partner of Linklaters leaving for new role at Lloyds in surprise move

Sixth consecutive year of growth for Allen & Overy

US

Antitrust

Some airlines under probe for possible unlawful coordination

DoJ opposed to Electrolux plan to buy General Electric’s appliance business

Apple colluded with publishers to raise e-book prices

Employment

Seven-figure severance package for Coty CEO despite never serving a day

Financial services

Maybank NY hires 17-year veteran of Sumitomo Mitsui to heighten visibility

Intellectual property

Watchmaker Omega’s loss raises provocative questions

Real estate

Average home price in Manhattan hits new high

Wednesday
Jul012015

1 July 2015, Wednesday

Aviation

There should be more ships searching for missing MH370

Capital markets

Impressive debut for integrated logistics provider Xin Hwa

Earnings

Berjaya Corp anticipates a challenging FY16

Economy

Malaysia escapes Fitch downgrade

Employment

Mentri Besar Incorporated trying to recover RM2.7 million in severance payments from ex-staff

Infrastructure

Water meter manufacturer and construction outfit George Kent aims to grow order book

Islamic finance

Continued progress would depend on industry’s resourcefulness

Deputy governor’s speech

Plantations

Felda Global Ventures relying mostly on debt to fund Eagle High stake buy

Property

1MDB bringing in consultant to evaluate proposals to buy its Penang and Selangor land

Seasoned investors need proof, not just words

MRCB to get parcels of land around National Sports Complex in return for refurbishing facilities

UEM Land sells Imperia Building in Nusajaya for RM138 million cash

Technology

Need for new approaches in deploying technology tools and solutions for workplace

ASIA

Banks

Mitsubishi UFJ on lookout for bank with expertise in consumer banking

Technology

Japan’s Sony to plough into image sensors; move catches investors by surprise

AUSTRALIA

Employment

Employer partly to blame for drunken employee’s behaviour

Mergers and acquisitions

Rail freight operator Asciano in talks with Canada’s Brookfield Infrastructure

CANADA

Franchising

Cautionary tale on potential pitfalls of franchisee-franchisor relationship

Insurance

Sun Life will buy US-based Prime Advisors as it seeks to expand asset management operations

EUROPE

Mergers and acquisitions

German lighting group Osram in talks with potential buyers of lamps business

Telecommunications

Roaming charges scrapped from June 2017

SINGAPORE

Banks

Singapore moves to simplify regulations

Real estate

Mapletree Logistics Trust acquires first logistics property in Australia for A$253 million

UK

Banks

Libor-fixing case against Lloyds could set legal precedent

Media

New round of job cuts at BBC could run into high hundreds or more

US

Aviation

Airbus sued by families of passengers on board ill-fated AirAsia Indonesia QZ 8501

Bankruptcy

Native American tribe looking to make bid for 179-year-old firearms manufacturer Colt

Insurance

Broker Willis and HR consulting firm Towers Watson to combine companies

Tie-up appears to be one of relative peers

Mergers and acquisitions

Volume of deals in H1 approaching that of 2007, but some fear something could upend boom

Technology

Study suggests Google sometimes alters results to play up own content despite people’s preferences

Tuesday
Jun302015

30 June 2015, Tuesday

Banks

Economic situation not favourable for M&As

Malaysia holds off on joining Asian Infrastructure Investment Bank

Capital markets

Stock market may see more pain again

Sunway may list other businesses after July IPO of construction arm

Masterskill Education now trading as Asiamet Education

Energy

Date of operation for Project 3B postponed

Islamic finance

Sukuk sales set for best quarter in more than a year

Oil and gas

Yinson divests logistics and trading business to focus on FSPO business

Property

Five-star Acmar Hotel and Residence likely only ready in Q1 2016

I Bhd expects to sustain double-digit growth this year

Packaging manufacturer Scientex to expand land bank in Johor

Retail

BritishIndia suit against Suria KLCC over forced relocation begins

Technology

Taxi drivers protest against MyTeksi’s GrabCar service

UEM awarding tender for ambitious three-year IT project by end-2015

ASIA

Banks

Key questions that could determine AIIB’s success remain unanswered

Private equity

Sumitomo Mitsui close to buying General Electric’s European PE finance unit

AUSTRALIA

Accounting

More investors losing faith in Slater & Gordon

Insurance

Berkshire Hathaway expands operations in Australia

EUROPE

Antitrust

August deadline for Google to head off charges of abusing market power

Autos

BMW-Toyota programme to create midsize sports car ‘progressing according to plan’

Media

Discovery Communications secures European broadcast rights for four Olympics in landmark deal

GLOBAL

Entertainment

Boxers top Forbes list of highest-earning celebrities

Only 16 women in top 100

List

Mergers and acquisitions

Q2 stands out for number of mega deals clinched or attempted

SINGAPORE

Arbitration

Interim award that disposed of preliminary issue was enforceable

Insurance

Monetary Authority of Singapore proposes standardised fees for investment-linked policies

Mergers and acquisitions

Amphenol offers US$1.28 billion for FCI Asia

UK

Competition

Sky calls for inquiry into BT’s hold over national telecoms network

Media

BBC loses control of rights to Olympic Games from 2022

Negligence

Law firm Bird & Bird negligent in failing to inform clients buying London property of nearby development

US

Antitrust

Federal Trade Commission blocks proposed Sysco-US Foods deal

Technology

Microsoft moves out of display advertising and online mapmaking

Monday
Jun292015

29 June 2015, Monday

Aviation

GMT Research report on AirAsia ‘stolen’ and distributed by client

Banks

Investment banks less busy no thanks to IPO drought, slowdown in M&A

Education

Eduspec Holdings looking to expand overseas presence

Employment

Employers need not wait for formal complaint if there’s evidence of unwarranted advances

Sexual harassment in the workplace a major form of misconduct

Energy

Sentiment towards Tenaga Nasional turns cautious due to uncertainties over 1MDB deal

Oil and gas

Handal Resources embarking on fundraising exercise to support expansion plan

Daya Materials looking to sell non-core businesses

Plantations

Rajawali CEO’s game plan may help FGV reverse own waning fortunes

Property

Asian Heritage Row of nightspots slated for urban regeneration project

Accessibility, entry of established developers will push prices of Sentul property up further

Sport

Former badminton world No 1 struggles with demands of competing again after eight-month lapse

Telecommunications

mTouche Technology back in the black in Q2 FY16

Tobacco

BAT Malaysia raises prices of premium cigarettes

Transport

July launch of KL-Padang Besar ETS doubtful

ASIA

Banks

Japan and US most prominent nations not represented in Beijing-led AIIB

ICBC tops The Banker’s ranking of strongest banks in the world for third year

Capital markets

India’s IndiGo set to file prospectus for domestic stock market listing

AUSTRALIA

Auditing

Law firm Slater & Gordon admits accounting error in UK business

Banks

Australia’s ‘Big Four’ among most profitable lenders in developed world

EUROPE

Autos

Renault reviving Alpine sports car; prices start at €50k

Involvement in Formula One beyond 2016 subject of speculation

Competition

Package delivery services company FedEx seeks EU approval on TNT Express

Mergers and acquisitions

Europe ahead of US as a target for overseas buyers

SINGAPORE

Private equity

Beleaguered gourmet chain Jones the Grocer sold to investment vehicle of L Capital Asia

Real estate

Manulife unit taking orders for up-to-US$450 million IPO of US office properties

Tort

Cordlife starts legal proceedings against individual for claim in defamation

UK

Autos

New Lotus 3-Eleven launches from 0 to 60 mph in under three seconds

Banks

HSBC, RBS tumble down global rankings

Social media

Student can use Instagram to notify unnamed accused of legal proceedings against latter

US

Consumer goods

Nestlé grappling with how to counter belief that frozen food isn’t fresh

Real estate

Alibaba founder shells out US$23 million for sprawling estate in New York’s Adirondacks

Friday
Jun262015

26 June 2015, Friday

Aviation

Malaysia Airlines to shift fleet from large aircraft to smaller planes as part of revamp

KL-Brisbane route scrapped from August

Capital markets

Remisiers fined RM100k for manipulative dealing in securities of Petrol One Resources

Competition

Senheng Electric fined RM30,000 for profiteering

Construction

Bina Puri to construct twin towers in Medini, Johor

Corporate

Elsoft Research, UEM Edgenta and GD Express Carrier on Forbes Asia list

List

Employment

HR team stands up for female employee harassed by Singaporean man

theSun report

Energy

No hike in electricity tariff until December

Investment

US$4.5 billion rescue of 1MDB will load Abu Dhabi’s IPIC with extra debt

Plantations

Rajawali will want at least 21% of FGV if latter decides to seek controlling stake in Eagle High

Oil and gas

Tanjung Offshore mulling brownfield projects to add to RM500 million order book

Yinson placing out RM300 million worth of shares to pare down bank borrowings

Real estate

Gamuda-Evia-Maxdin JV acquires leasehold land in Singapore

Keladi Maju expects flat growth in FY16

Meda pays RM180 million for two parcels of freehold land in Kuala Lumpur

Utilities

Selangor water impasse set to prolong further

ASIA

Aviation

Jetstar Hong Kong not cleared for takeoff; ruling a boost for Cathay Pacific

Corporate

SE Asia not having a banner 2015, cautionary signals continue

IT sector dominates list

Infrastructure

Vietnam plans ambitious new US$16 billion airport to rival Bangkok and Singapore

AUSTRALIA

Insurance

Shakeup in life industry could cost financial planners A$250 million

Intellectual property

Chocolate company forced to change logo after threats of legal action from Chanel

Fashion powerhouse made extra demands

SINGAPORE

Corporate

Cordlife, Q&M Dental Group and Silverlake Axis on ‘Best Under a Billion’ list

Cordlife well-positioned to cash in on fad for banking umbilical-cord blood

Insurance

Standard Life closing as it focuses on Chinese and Indian JVs

Private equity

StanChart Private Equity invests US$52 million in Crystal Jade

UK

Autos

Profits at McLaren Automotive accelerate, driven by more sales in Asia

Capital markets

Brexit ‘disastrous’ for EU

Manufacturing

Tyre maker Goodyear to close sole UK factory

US

Earnings

Nike benefits from fashion trends shifting towards ‘athleisure’

Real estate

Apartments one of the best-performing segments

Technology

Google testing prototypes of self-driving cars