Search

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

Daily News

 

Friday
Jan302015

30 January 2015, Friday

Airlines

Disappearance of MH370 declared an ‘accident’

Malaysia Airlines begins compensation process for next-of-kin of MH370

Autos

UMW Toyota pledges to pass on savings from GST to consumers

Banks

AMMB confirms group MD stepping down

Tycoon helping beleaguered 1MDB repay loan from Maybank, RHB Bank

Capital markets

Trading in AirAsia X shares halted

MD of TH Group slapped with 53 charges of insider trading

SC statement

IPO activity could be as slow as last year, if not worse

Bursa Malaysia’s Q4 profit up 57%

Competition

MyCC maintains it is independent

Human rights

Murder of Rohingya asylum seeker casts rare light on abuse by human traffickers

Immigration

Bestinet’s biometric health check, FWCMS services suspended

Oil and gas

Reach Energy identifies acquisition targets

Property

Penang-based PLB Engineering confident about its projects

Sejati Bumijaya to develop Pasdec Putra land in Pahang into residential and commercial properties

House prices expected to rise 3% after April

Tax

All books should be exempted from GST

Shoppers Guide on prices of basic necessities pre- and post-GST available now

Telecommunications

Telcos expected to redefine strategies, launch new solutions and technologies

ASIA

Aviation

Pilots of AirAsia QZ8501 cut power to critical computer system

French first officer at controls just before accident

Banks

BOC Hong Kong may sell US$6 billion subsidiary; sale would be Asia’s No 3 bank deal of all time

Technology

Toshiba stops competing in global TV market amid fierce price war

AUSTRALIA

Commodities

Macquarie continues to expand commodities business while rivals retreat

Intellectual property

Customer lists capable of being considered trade secrets

Vegemite objects to Pizza Hut’s use of iconic spread’s name and logo

EUROPE

Capital markets

Proposed US-style capital market could raise hackles in London

Earnings

Deutsche Bank posts surprise pre-tax profit

Results demonstrate bank’s good franchise

Shell misses profit forecasts by more than 20%

GLOBAL

Corporate

Duties and responsibilities of directors

Oil and gas

2016 could be busy and lucrative time for PE firms, restructuring specialists

Tax

Latest developments in transfer pricing

SINGAPORE

Banks

DBS, OCBC and UOB should be able to weather significant rise in credit costs

Property

Developer accused of mis-selling 18-storey condominium

Technology

MMI’s revenue for FY15 to remain flat, EBITDA to decline

UK

Property

Detached family home enjoying return to favour

Telecommunications

Sky-Telefonica deal ramps up pressure in already-crowded communications market

US

Antitrust

Stage set for appeals court to consider clash between US competition law and Chinese government

Earnings

Visa’s Q1 profits helped by higher consumer spending on payment network

Food and beverage

McDonald's investors have to hope change in leadership will mean change in strategy

CEO’s abrupt exit comes after one of the worst years in McDonald’s recent history

Chain’s first British-born boss takes on top job at troubled time

Intellectual property

Photographer files copyright lawsuit against Nike over ‘Jumpman’ logo

Legal services

K&L Gates sets up new initiative for victims of ‘revenge porn’

Technology

Amazon signals new willingness to listen to investors

Google’s Q4 profit well below recent results of other tech industry standard-bearers

Thursday
Jan292015

29 January 2015, Thursday

Airlines

Families of Chinese passengers against move to declare MH370 missing or crashed

Interim report on MH370 out 7 March

Senior executives said to be leaving budget carrier AirAsia

Autos

Proton’s problems rooted in DRB-Hicom

Banks

AMMB may see changes to some key positions

Contract

Purchasers seeking specific performance compelling developer to fulfil obligations under SPA

Economy

Bank Negara Malaysia maintains OPR at 3.25%

Central bank’s statement

Analysts cutting earnings estimates as economic outlook worsens

Employment

Businesses displeased with outsourcing of visa services to private company

Franchising

Home-grown brands encouraged to venture abroad

Insurance

Pacific & Orient’s IFS rating affirmed at ‘BBB+’

Investment

Penang eyeing more than RM5 billion in FDI from four MNCs

Malaysia one of Fortune magazine’s ‘lucky seven’ smart bets for investors

Oil and gas

Ahmad Zaki expecting ‘good growth’ in revenue and profit

Tanjung Offshore officials suspended

Yinson clinches US$2.5 billion FPSO vessel charter contract from Italy-based Eni

Plantations

Sime Darby cleared to acquire New Britain Palm Oil

Property

RFP to develop Jelutong landfill site into Penang’s first eco-town likely called next month

Penang prohibition may be counterproductive

Publications

Raid on cartoonist’s office unjustified

Tort

Perkasa seeks apology, damages from minister

Utilities

Khazanah cuts stake in Tenaga Nasional

ASIA

Autos

Toyota, Nissan benefiting from decline in prices of steel and rubber

Aviation

Indonesia may end search for victims from QZ801 crash in a week

Technology

Samsung’s Q4 profit down 27%

AUSTRALIA

Employment

Written contracts may not be sole source of employee’s entitlements

Judgment

Insurance

Insurers bracing for significant slowdown in revenue growth

EUROPE

Autos

Spin-off and IPO of Ferrari this year, subject to regulatory approvals

Industry experts baffled why VW plans to spend millions upgrading Phaeton

Retail

Weak Europe a challenge for furniture retailer IKEA

SINGAPORE

Capital markets

Singapore Exchange CEO looking to emulate HK-Shanghai Stock Connect

SGX, Clearbridge Accelerator team up on ‘world-first crowdfunding platform’

Gaming

Investors hoping Genting will have good news to share

Remote Gambling Act will be enforced Monday

Media Development Authority spells out types of games not within Act’s ambit

Property

GuocoLand’s Q2 earnings up on higher revenues

Keppel investors befuddled as to why rig builder wants full control of real estate arm

Overwhelming response to Marina One and DUO Residences

Sport

Singapore Open returning next year, minus European Tour

UK

Banks

StanChart shareholders want leader with deep understanding of Asia

Lloyds CEO favoured to succeed Sands

Franchising

Carefully drafted post-termination restrictions enforceable against former franchisees

Real estate

Canary Wharf set to be taken over by QIA-Brookfield group after three-month stand-off

US

Gaming

Las Vegas Sands’ Q4 earnings beat analysts’ estimates

Mergers and acquisitions

Cigarette companies Reynolds American, Lorillard to combine

Technology

Facebook continues to win more mobile ad revenue

Wednesday
Jan282015

28 January 2015, Wednesday

Banks

1MDB needs more time to repay debt

BNM won't allow individual entity to pose systemic risk to economy

Capital markets

Integrax’s largest shareholder proposes higher dividend for this quarter

SC rejects Chemara Palmea’s application to become plantation-focused SPAC

Competition

MyCC investigating private firm MyEG Services

Competition agencies should not be subject to political goals

Constitutional law

Negri Sembilan granted leave to appeal against ruling on cross-dressing

Financial services

AirAsia takes up 40% stake in Tune Money, plans to list it in five years

Legislation

Draft Anti-Terrorism Bill being finalised

Retail

Lower selling prices contributed to Caring Pharmacy’s lower profit margin in Q2

Technology

Asia Bioenergy venturing into O&G transport industry

Telecommunications

Axiata hopes to leverage on US-based Adknowledge’s technology

Worldwide digital ad spending projected to exceed US$204 billion in 2018

Indian unit Idea Cellular posts 64% rise in Q3 profit

Tort

TV3 obtains leave to appeal against decision in favour of former Perak MB

ASIA

Aviation

Passengers hoping for cheaper tickets will be disappointed

Indonesia’s military withdraws from SAR efforts for AirAsia QZ8501

Investigators looking at how pilots dealt with chain of events leading up to crash

Preliminary report won’t include analysis of black box flight recorders

E-commerce

Chinese actress brings some star power to Alibaba

Legal services

Dentons and China’s Dacheng Law Offices sign off on merger

Deal among first to bring a Chinese firm into a global partnership

AUSTRALIA

Contract

Former cricketer claims more than A$1.6 million owed in match payments, prize money

Tax

Apple paid just A$80 million last year, despite local revenue of more than A$6 billion

Technology

Ansell, Durex fight out patent legal battle over rights to ‘natural feeling’ non-latex condom

Case could have implications for Ansell’s competitive position

EUROPE

Intellectual property

Businesses claiming damages for copyright infringement may have to take multiple cases across Europe

Islamic finance

Investment group launches Islamic trade receivables financing platform

GLOBAL

Oil and gas

BP may be especially vulnerable among super majors

Succession planning among O&G giants a ‘hit and miss’ affair

Technology

Cyber security now a core component of governance

SINGAPORE

Technology

National cyber security agency starts operations in April

Telecommunications

Singtel working to be one of first to roll out 5G in 2020

UK

Earnings

Soap and shampoo maker PZ Cussons’ H1 profit hurt by lower sales in Africa

Insolvency

Companies House’s one-letter blunder caused collapse of 124-year-old Cardiff engineering firm

Property

JFK’s former London home could be capital’s most expensive property

US

Antitrust

Supermarket chains Albertsons and Safeway selling 168 stores to win approval for merger

Private equity

Blackstone raising first energy-focused credit fund

Technology

Apple closer to dethroning South Korea’s Samsung

April launch for Apple Watch

Analysts differ on whether Microsoft can climb back out of hole

Yahoo’s 384 million Alibaba shares will be wrapped into independent entity, SpinCo

Pressure on Yahoo CEO to revive growth from other assets

Tuesday
Jan272015

27 January 2015, Tuesday

Airlines

AirAsia, Firefly and Malindo Air scrap fuel surcharge

Earnings prospect intact

AirAsia X CEO resigns

Website of Malaysia Airlines hacked; airline says passenger bookings not affected

Autos

GST, weaker ringgit likely to add to cost pressure

BMW keen to make Malaysia export hub for Asean, especially for EEVs

Go Automobile expects to hit RM300 million worth of sales by end-2015

Capital markets

Main Market and ACE Market listing requirements amended

Kenanga IB remisier fined RM140k for manipulative trading activities on Magna Prima shares

Macquarie Capital Securities listing eight new structured warrants on FBM KLCI today

Competition

MyCC has a new chief

Islamic finance

CIMB Islamic exploring microloans as it seeks new growth avenues

Legislation

Enforcement of Strata Management Act 2013 [Act 757] to be announced soon

Property

CapitaMalls Malaysia Trust acquires Tropicana City Mall

Perduren to divest property assets

Tort

Star Publications CEO seeks to strike out libel suit

ASIA

Airlines

Vietnam’s sole privately-owned carrier picking advisers next month to help with bond sale, IPO

Legal services

Indonesian firms facing rising competition from global rivals

AUSTRALIA

Mining

Rare earths producer Lynas unlikely to break even this quarter

Property

Facelift for Sydney’s iconic Circular Quay precinct following sale of Gold Fields House

Telecommunications

Singtel-Optus’ new CEO vows to break Telstra’s mobile-service dominance

EUROPE

Airlines

Aer Lingus considering third proposal in six weeks by owner of British Airways

New pitch might be enough for Irish carrier’s board to start serious talks

Mergers and acquisitions

Siemens investors likely to query how acquisition of Dresser-Rand will benefit them

SINGAPORE

Insurance

Universal life insurance increasingly popular among the well-heeled

Oil and gas

Ezra, Swiber finding it tough to refinance debt maturing later this year

Strong demand should keep Keppel and Sembcorp Marine from hitting rock bottom

UK

Banks

Executive search firm helping StanChart find new CEO

Contract

Clause drafted as mutual obligation must be construed contra proferentem against Transocean

Financial services

Post Office rebrands financial arm in major push to compete with High Street banks

Property

London’s Centre Point to be turned into 82 apartments averaging £3 million each

US

Mergers and acquisitions

Packaging companies Rock-Tenn, MeadWestvaco combining to take on International Paper

Oil and gas

Hess’ move to cut capital budget by 16% far less dramatic than peers

Retail

Mattel CEO removed after another disappointing Q4 for maker of Barbie doll

Toymaker should give technology another look

Technology

Hiccup in corporate results helps spark selloff of Microsoft shares

Monday
Jan262015

26 January 2015, Monday

Aviation

KLIA Aeropolis envisaged to take KLIA to next level

Incoming CEO of Malaysia Airlines has to first decide on its focus

Banks

Acting CEO’s real journey in CIMB has just begun

Education

Blueprint for Higher Education 2015-25 expected in March

Energy

Sarawak Energy in talks with and Brunei authorities on export of renewable energy

Food and beverage

Fraser & Neave renews licences

Investment

Opportunities abound in equities

Equities seen as ideal investment choice

Islamic capital market

Cagamas targeting new investors across MidEast and Europe for first foreign currency Sukuk

Property

Penang may see flurry of activity in Q1

SP Setia more selective about launches

WCT eyeing RM2 billion worth of jobs

Rowdy protest against construction of Detum Jelatek luxury condominiums

Selangor Development Corporation to take legal action against trespassers

Quill City Mall newest landmark in Kuala Lumpur’s Golden Triangle

ASIA

Aviation

Second attempt to lift submerged fuselage of AirAsia QZ8501 fails

Banks

Bankers see yet more deals as Asia’s richest man steps up pace of overseas M&A

Property

China-based Country Garden’s IDR affirmed at ‘BB+’

Technology

South Korean conglomerate Samsung needs to make acquisitions

AUSTRALIA

Aviation

Australia, China in new air pact

Intellectual property

Licence to exploit multiple patents cannot be terminated until all licensed patents have expired

Property

Sydney’s Gold Fields House sold to China’s Dalian Wanda for A$415 million

EUROPE

Antitrust

Makers of Marlboro, Camel, Lucky Strike and Gauloise cigarettes accused of colluding to limit prices

Intellectual property

Trademark application for ‘Deluxe’ rejected

SINGAPORE

Airlines

Tiger Airways back in the black

Media

Major reorganisation at MediaCorp

Property

Rig builder Keppel offers to buy out real estate unit for S$3 billion

UK

Banks

StanChart seeking successor for CEO amid pressure from Temasek, Aberdeen Asset Management

Employment

What amounts to ‘place of work’ for mobile employees

Family law

Laura Ashley chairman a ‘feckless husband’

Negligence

Accountants Baker Tilly not liable as breach did not cause claimant’s loss

Judgment

Retail

Tycoon puts struggling department store chain BHS up for sale

Telecommunications

Planned takeover of O2 network could change UK mobile market dramatically

Hutchison Whampoa may need to make concessions to win approval for Three-O2 combination