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Daily News

 

Wednesday
Apr232014

23 April 2014, Wednesday

Aviation

Patience a virtue in search for MH370

Difficult to determine extent of Malaysia Airlines’ liability

Earnings

Tenaga Nasional should see 4% y-o-y growth in Q2 profit

GuocoLand Malaysia records net profit of RM15.7 million for Q3

Energy

DuSable Capital Management, 1MDB working together on country’s largest 50MW solar farm

Family law

Divorce case of former Miss Malaysia sent back to High Court to decide issue of domicile

Finance

SP Setia-Sime Darby consortium seeking £2 billion from banks to renovate Battersea power station

Financial services

Malaysia Building Society hopes to become full-fledged bank by 2016

Zurich Asia sells 40% stake in MCIS Zurich for RM304 million

Investment

1MDB relied on sharp revaluation of property assets to drive profit growth

Conflicting statements about treatment of its land

Iskandar Malaysia shifting away from activities dependent on cheap labour

Legislation

Corporate liability included in amended Malaysian Ant-Corruption Commission Act 2009

Real estate

Asset manager BlackRock seeks buyers for two office towers, mall in KL’s Intermark

I-REITs may underperform stocks this year

Takaful

Takaful Malaysia announces record-breaking dividend payout

Telecommunications

One Visa’s RM222 million lawsuit against Telekom Malaysia dismissed

Tobacco

British America Tobacco sees premium brand segment gaining market share

Companies still trying to get government’s stand on tobacco control issue

Trade

US president’s visit unlikely to see conclusion to Trans-Pacific Partnership Agreement talks

Cost-benefit analysis on TPPA still incomplete

Water services

Selangor government's decision on water rationing next Friday

Time to start master plan for managing our water resources

Investors may pull out if Selangor water crisis prolonged with no end in sight

EUROPE

Pharmaceuticals

Novartis announces series of multibillion-dollar deals

Price pressures among factors driving wave of deal-making

Technology

Microsoft takeover could give Nokia a new lease of life

SINGAPORE

Capital markets

Japan’s Accordia Golf planning business trust IPO of golf assets

Property

Sembcorp Industries reviving Sembcorp Properties

UK

Accountancy

Baker Tilly told to review audit methodology, censured for reluctance to accept recommendations

Capital markets

Greeting cards retailer Card Factory expects to raise £90 million by selling new shares

Sport

Man U manager given the boot after just 10 months

Treatment of Moyes shows ugly side of football

US

Earnings

Harley-Davidson’s Q1 results beat Wall Street estimates

Legal services

Famed LA firm that once advised on Chapter 11 proceedings of Lehman and Enron to close

Technology

Apple iPhone 6 may only be released next year

Supreme Court judges conflicted over upstart streaming service Aereo

Tuesday
Apr222014

22 April 2014, Tuesday

Aviation

Tropical Cyclone Jack suspends air search for missing Malaysian jetliner

Absence of surface debris suggests correct location still not identified

Capital markets

Bursa Malaysia’s Q1 results in line with expectations; more ETFs in the works

Corporate

Deloitte highlights issues regarding delayed 1MDB accounts

1MDB must start repaying RM6 billion loan to fund purchase of Tanjong Energy

Earnings

Public Bank’s Q1 profit up 5%

OSK Property expects profit and revenue growth to surpass last year’s

Education

Albukhary International University in Kedah on verge of closing down

Healthcare

KPJ spending RM17 million to move IT infrastructure to the cloud

40% savings in hardware

Legislation

Charge under s 298A (1)(a) Penal Code not applicable to Alvivi

Manufacturing

London Biscuits plans new premium range of candies and sweets

Real estate

AmanahRaya-REIT Managers evaluating potential acquisitions in retail, office and industry

LBS Bina, Johor government unit to jointly develop leasehold land in Tampoi

Sapura Resources diversifies into property development

Telecommunications

Altel, Huawei Technologies team up on 4G rollout

Tort

Former Teratai assemblyman wants defamation suit maintained at High Court

Transport

Express Rail Link keen to bid for KL-Singapore HSR project

Permits of 27 Transnasional express buses suspended from tomorrow

Water services

Langat 2 project still hangs in the horizon

ASIA

Airlines

AirAsia India may receive operating permit this week

Tourism

Fallout from MH370 incident casts shadow on SE Asia

AUSTRALIA

Gaming

Crown Resorts bidding for The Cosmopolitan in Las Vegas, casino project in Brisbane

Crown chairman’s five biggest gambles

Healthcare

US’ HCA eyeing Melbourne-based Healthscope

UK

Banks

Barclays retreating from parts of commodities business

Pharmaceuticals

AstraZeneca acquisition could generate significant cost savings for Pfizer

Talks happened months ago, no plans to resume

Goldman Sachs, Morgan Stanley drafted in as advisers

US

Banks

Citigroup trimming 50 branches in California

Employment

Closely watched legal dispute may be coming to a head over alleged Silicon Valley labour collusion

Jobs’ ire caused Google to back down

Social media giant Facebook refused to play ball

Mergers and acquisitions

Activist investor Ackman and Canadian drugmaker Valeant pursue Botox maker Allergan

Property

Landmark LA mansion sitting empty

Monday
Apr212014

21 April 2014, Monday

Aviation

Bluefin-21 ends eighth mission, still no trace of missing MH370

Australia to decide in a few days whether to alter or scale back search

Relatives say authorities should not try to settle case with final payoffs

Bar Council offers legal aid

Capital markets

One more foreign broker licence may be awarded by Q3

Hwang-DBS to trade as Hwang Capital from tomorrow

Financial services

Further consolidation for money services business

Insurance

Insurers told to simplify policies

Islamic capital market

Malaysia continues to dominate international Sukuk market

Mergers and acquisitions

Faber buys asset and facility management businesses of UEM for RM1 billion

Oil and gas

Petronas targeting South Africa and BRIC economies for expansion

Property

Malton chairman sets benchmark for office space in Pusat Bandar Damansara

Nadayu has five projects lined up

Talam Transform’s restructuring exercise will see exit of KEuro

Yet-to-be-built low-cost flats advertised for sale online

Buying trend in Sarawak moving towards high-rise developments

Assessment rates for KL properties will be reduced

Shipping

MISC may sell seven chemical tankers

Tax

Inland Revenue Board monitoring deliberate tax defaulters

Water services

Water supply rationing for three stages may end on 30 April

ASIA

Bankruptcy

Bitcoin exchange Mt Gox likely to be liquidated, CEO investigated for liability

Capital markets

Chinese firms shelve applications to list amid confusion over opaque regulatory review

Mergers and acquisitions

Deutsche Bank on course for record advisory year in South Korea

AUSTRALIA

Land

Developer cannot pre-sell lots in proposed subdivision without first becoming registered proprietor

Manufacturing

Demise of car manufacturing industry raises questions about viability of other manufacturing sectors

SINGAPORE

Financial regulation

Authorities looking to set up Moneylenders Credit Bureau

Negligence

Technician and employer reach S$275,000 settlement

US

Capital markets

Gain in Alibaba’s valuation follows substantial rise in share prices of Tencent, Baidu

Technology

Wall St betting on more Apple share buybacks

Friday
Apr182014

18 April 2014, Friday

Autos

Malaysia Automotive Institute supports abolishment of Open AP system

Aviation

Bluefin-21 on fifth mission with still no sign of missing Malaysia Airlines jet

Passengers’ relatives sceptical plane crashed in ocean

Capital markets

7-Eleven Malaysia offering up to 530 million shares in IPO

Energy

1MDB believed to be eyeing power plant in India

Land

Court of Appeal affirms High Court decision

Obituary

Versatile lawyer contributed immensely to development of Malaysian criminal and civil law

‘Encyclopaedia of law’ famous for asking only a few questions during a trial

Defining moments in Tiger of Jelutong’s illustrious career

Oil and gas

JCorp hopes to make O&G its core business by 2017

Shell discovers natural gas offshore

Property

UEM Sunrise sets its sights on Indonesia

KLCC Property wants to boost asset portfolio

MKH launching more residential properties within Kajang and greater Kuala Lumpur

How to avoid being short-changed by misleading brochures

Tort

Utusan Malaysia’s application to have judge recused is dismissed

Actress and former aide settle defamation suit

Water services

Salcon-MMC-Ahmad Zaki Resources JV awarded RM994 million Langat 2 contract

AUSTRALIA

Capital markets

Macquarie, Deutsche Bank and Goldman Sachs to manage health insurer Medibank’s IPO

Competition

Flight Centre appeals against Federal Court’s decision

Employment

Ferry master regains job despite testing positive for marijuana

EUROPE

Antitrust

Victims of cartels gain significant new powers to seek damages

Capital markets

Europe giving Americans a run for their money

NEW ZEALAND

Competition

Case against Air NZ discontinued; Qantas, SIA, Cathay Pacific and BA settle out of court

Tort

Former All Blacks player awarded NZ$535,000

SINGAPORE

Competition

Proposed Singapore Airlines-Air NZ tie-up can go ahead

Deutsche Post unit may be granted immunity from prosecution and fines

Oil and gas

Ezion sells new shares to Hong Leong-controlled companies

Property

Worst sales outlook for luxury property developers in six years

UK

Legal profession

Developer given permission to take case against BPE Solicitors to Supreme Court

Mergers and acquisitions

Buyout firm Permira, ‘Leopard King’ in talks on majority stake in fashion house Roberto Cavalli

US

Capital markets

IPO market coming back to earth

Weibo trims IPO size

Earnings

Philip Morris’ Q1 profit down 12%, hurt by forex rates for US dollar

Property

10 priciest pads for sale

Thursday
Apr172014

17 April 2014, Thursday

Anti-money laundering

New requirements for reporting institutions

Aviation

Bluefin-21 trolling for missing Malaysia Airlines jet completes first full mission

Deeper-diving equipment may be needed

Families of passengers on MH370 seek answers to 26 questions

Grieving families besieged by US ambulance chasers

Right time for privatisation of Malaysia Airlines

Capital markets

HwangDBS IB employee fined RM100,000 and struck off for manipulating Tomei share price

Contract

Zelan, Meena settle dispute over Abu Dhabi project

Earnings

1MDB’s net profit jumps 17 times; full report next week

Islamic finance

Business financing expected to pick up, helped by O&G, construction and manufacturing

Obituary

Prominent lawyer Karpal Singh and aide killed in car accident

Malaysian hero who will be missed, but never forgotten

A ‘giant’ in the legal fraternity

Oil and gas

Petronas arm sets aside RM700 million as capex to strengthen operations

Property

Lembaga Tabung Haji completes third property purchase in Britain

LBS Bina focusing on Cameron Highlands for next 10 years

China’s Greenland pays RM600 million for Iskandar plot, may buy more land parcels

Technology

Cyberview tasked with turning Cyberjaya into global tech hub

Tort

Defamation suit against actress not a ‘plain and obvious’ case to be summarily dismissed

Water services

Selangor government meeting on Monday to formulate back-up plans for water shortage crisis

AUSTRALIA

Competition

KitchenAid distributor ‘fortunate’ to get away with only an undertaking

Intellectual property

Trademark registration no defence to misleading or deceptive conduct, passing off

CANADA

Employment

Flight simulator instructor featured in CNN coverage of missing MH370 loses job

Negligence

Deloitte & Touche appeals against decision on negligent audit of defunct Livent’s books

Technology

Tech start-ups in Waterloo tapping talent from struggling BlackBerry

SINGAPORE

Capital markets

PACC Offshore Services Holdings could raise S$388 million from IPO

Earnings

Keppel Corporation’s Q1 profit down 5%

Investment

Neuberger Berman authorised to register three funds for sale

US

Autos

Volkswagen decision on SUV in US in coming months

Earnings

Yahoo again posts anaemic quarterly revenue growth

Intellectual property

Important considerations in building a trade secrets case

Property

Deutsche Bank will part with Cosmopolitan resort… for more than US$2 billion

Technology

IBM sued for US$2.5 billion