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Daily News

 

Friday
Mar272015

27 March 2015, Friday

Banks

CIMB advising on potential sale of Edra Global Energy

Association of Banks in Malaysia lists products and services subject to GST

List

Capital markets

EPF Board no longer substantial shareholder of Top Glove

Energy

Construction work on Malakoff’s Tanjung Bin power plant on track

1MDB seeks partners for Project 3B

Food and beverage

Texchem Resources may list restaurant business in five years

Investment

Investors in 1MDB question government support even after PM’s assurance

KPMG International distances itself from 1MDB

Islamic capital market

HSBC Amanah raises RM750 million from sale of five-year Sukuk

Leisure

Sentoria busy with Borneo Samariang, Sentoria Morib Resort City projects

Media

Editors of The Malaysian Insider to be quizzed over ‘inaccurate and confusing’ reports

Property

Eco World Investment launching up to £1 billion worth of properties in London

S P Setia sees sales picking up in H2

TRC Synergy secures RM54 million contract in Putrajaya

Technology

TM, Nusajaya Tech Park setting up data centre in Iskandar Malaysia

Tort

Penang CM awarded RM550k in damages against Perkasa, Umno-related newspapers

ASIA

Gaming

Suncity, VinaCapital and Chow Tai Fook team up on US$4 billion casino resort in Vietnam

Insurance

Insurance Australia Group raises stake in JV with State Bank of India

AUSTRALIA

Banks

Bank of America expanding equities operations as rivals exit

Intellectual property

‘APP STORE’ trademark not to any extent inherently distinctive

EUROPE

Aviation

Co-pilot deliberately crashed Germanwings Flight 9525

Airlines to introduce cockpit changes

Competition

Regulators set their sights on online sales

SINGAPORE

Banks

DBS, UOB and OCBC poised to benefit from gains in local interest rates

Property

Closing date for takeover of Keppel Land extended to Tuesday

UK

Banks

StanChart shareholder in favour of bank relocating to Asia

Insurance

Aviva’s shareholders back £5.6 billion agreed takeover of rival Friends Life

Lloyd’s of London posts pre-tax profit of £3 billion for 2014

Highest aviation claims in 14 years

Media

Prince Charles’ ‘black spider memos’ can be disclosed to media

Technology

London’s ‘Silicon Roundabout’ puts more of its focus on financial products

US

Retail

Securities and Exchange Commission investigates firing of American Apparel founder

Technology

Apple CEO planning to donate fortune to charity

Thursday
Mar262015

26 March 2015, Thursday

Airlines

Malaysia Airlines’ head of marketing on a mission to get brand flying again

Banks

Upcoming GST may increase popularity of debit cards

RHB Islamic, Maybank helping Customs Department implement GST

Competition

‘MyCC took shortcut in decision to fine airlines’

Constitutional law

Borders manager pleads with Yang Di-Pertuan Agong to step in

Contract

Suria KLCC and BritishIndia to proceed with injunction hearing

Healthcare

Qualitas in talks to buy Singapore’s Radlink-Asia

Investment

Iskandar Malaysia confident of achieving RM30 billion target for 2015

Property

Eco World affiliate developing 300-unit residential project in Sydney, Australia

Prinsiptek keen to expand in Asean

Retail

Lowest retail sales performance since 2009

Tax

Not all items dearer post-GST

Tort

Boom gates and guardhouses in residential areas for security purposes not illegal

AUSTRALIA

Banks

ANZ eyeing Royal Bank of Scotland’s Asia-Pacific assets

Competition

ACCC monitoring food giants’ merger for possible consequences for Mondelez

Gaming

Brisbane plans A$1 billion Singapore-style integrated resort

CANADA

Competition

Competition Bureau backs Postmedia-Sun Media deal

Watchdog flexing its enforcement muscles

Energy

Regulator investigating new allegations of natural gas pipeline safety-code violations at TransCanada

EUROPE

Antitrust

Probe into Siemens’ bid for Dresser-Rand suspended

Aviation

Flight 9525 pilot locked out of cockpit before crash

Crash focuses attention on safety record of Airbus

NEW ZEALAND

Employment

Manager fired for inappropriate behaviour on work trip abroad wins claim of unfair dismissal

Decision

Intellectual property

Jeanswest had no defence to primary infringement claim

UK

Capital markets

Borse Dubai exits eight-year investment in London Stock Exchange

Employment

End of the road for ‘Top Gear’ host

No employee should be above employment law

US

Education

Cost of legal education rising far faster than business education

Mergers and acquisitions

HJ Heinz, Kraft Foods merging to create third-largest North American food company

Kraft now stands a better chance of taking on overseas markets

Pressure on other foodmakers to shape up or seek deals of their own

Oracle of Omaha’s hunger for junk food companies may be far from sated

Biggest banks shut out of deal

Wednesday
Mar252015

25 March 2015, Wednesday

Aviation

Malaysia Airport Holdings disposes of stake in Delhi International Airport

Banks

Public Bank to acquire all stakes owned by BIDV in Vietnam-based JV

Competition

AirAsia appealing against RM10 million fine

Construction

Fajarbaru Builder bags Prasarana contract for Kelana Jaya LRT line extension project

Earnings

BLand’s Q3 loss widens on lower profit contribution from gaming business

Employment

Employers unhappy with MyEG online system, want RM38 fee dropped

Insurance

Pacific & Orient cautious on business outlook for FY2015

Oil and gas

SapuraKencana Petroleum Q4 profit down 61.7%

Property

Xinyuan China unit investing US$1 billion in Melaka

Technology

Pikom expects dip in sales of hardware and gadgets after GST

Industry largely clueless about GST

Microsoft Malaysia appoints new MD

ASIA

Insurance

China Life profit meets analysts’ estimates

Legal services

White & Case appoints head of Asia

Real estate

US-based Aetos Capital seeking ¥200 billion for Japanese firm

AUSTRALIA

Banks

Australia wants to know extent of Bejing’s influence in AIIB before joining

Capital markets

Macquarie and Goldman Sachs advising on non-bank lender Pepper’s IPO

EUROPE

Aviation

Germanwings Airbus A320 plane crashes in French Alps

Competition

Swisscom purchase of online directory search.ch gets competition commission’s nod

Retail

Hennes & Mauritz sees bigger-than-expected rise in Q1 profits

GLOBAL

Autos

Major automakers readying new generation of mass-market electric vehicles

Financial markets

More guidance on what dealers can and cannot say about world’s biggest financial market

SINGAPORE

Property

Central Provident Fund Board selling iconic Robinson Road building

Shipping

Neptune Orient Lines could return to profit after four straight years of losses

UK

Competition

Regulator signals stricter approach to trade associations involved in breaches of competition law

Real estate

Land Securities sells 95% stake in Times Square building for £268 million

Telecommunications

Spain’s Telefonica finalises deal to sell O2 to Hutchison Whampoa for £10 billion

US

Health

Food and Drug Administration’s much-anticipated regulations for e-cigarettes out June

Big Tobacco’s push for controls on e-cigs risks squeezing small players

Mergers and acquisitions

Food giant Kraft being courted by investment firm that previously acquired HJ Heinz

Real estate

SunCal acquires 5.9ha site in downtown LA for US$130 million

Technology

Morgan Stanley loses CFO to Google

Porat not first female tech CFO with finance industry background

Tuesday
Mar242015

24 March 2015, Tuesday

Autos

UMW Toyota Motor expects to maintain combined sales of Toyota, Lexus

Capital markets

Ekuinas listing education arm by end-2015/early 2016

Ekuinas expands portfolio

Trading in Cliq Energy shares suspended

Perak Corp prefers Tenaga Nasional’s offer for Integrax

Healthcare

IHH takes up 51% stake in India-based Continental Hospitals

Investment

Bank Negara Malaysia pledges to do its part with regard to 1MDB

CNBC interview

Tun Razak Exchange seeing strong investor interest

Islamic finance

INCEIF seeing a surge in female students

Legislation

New animal welfare law expected to be gazetted in H1

Oil and gas

Kejuruteraan Samudra Timur receives voluntary takeover offer from major shareholder

Sona Petroleum confident of meeting deadline to purchase qualifying asset

Tanjung Offshore extends olive branch

Retail

Ikano opening Cheras outlet by year-end

Transport

Taxis can implement new fares, but hike for express bus and rail services on hold

ASIA

Economy

Vietnam gets second run at becoming Asia’s next tiger economy

Islamic finance

Japan International Cooperation Agency, Jordan government working on debut Sukuk

AUSTRALIA

Banks

UBS asked to explain changes to analyst’s report on electricity network

Competition

Proposed Qantas-China Eastern tie-up hits regulatory turbulence

Leisure

Village Roadshow, China’s CITIC forming US$500 million JV

EUROPE

Islamic finance

Germany’s first full-fledged Islamic bank to launch in July

Russia’s draft Bill first step to spur development of sector that has struggled to get off the ground

Real estate

Marriott, Hilton, Starwood and IHG paying more attention to millennials

SINGAPORE

Public administration

Singapore bureaucracy still the model to emulate

Real estate

GIC, Exeter Property set up €300 million partnership

UK

Arbitration

Arbitrators have a duty to disclose any circumstances that may raise questions as to impartiality

Competition

Dairy Crest sale referred back to Competition and Markets Authority for review

Technology

Hutchison Whampoa-O2 deal set to close today

US

Earnings

US companies still sitting on a record US$2 trillion in foreign earnings

Gaming

Genting’s US$4 billion Resorts World Las Vegas to break ground in May

Oil and gas

Halliburton, Baker Hughes seeking potential buyers of almost US$10 billion worth of assets

Monday
Mar232015

23 March 2015, Monday

Autos

Customs D-G says vehicle prices lower from April

Aviation

Appointment of Malaysia Airlines MD/group CEO brought forward to May

Langkawi International Airport will be upgraded next year

Entry of flymojo puts hope for capacity rationalisation at risk

Fly Mojo dismisses concerns over operations

Banks

RM50 service tax on credit cards abolished, GST payable on annual fee from April

Capital markets

Qualitas Healthcare IPO postponed

Food and beverage

Nestlé products cost more next month; ‘cautiously optimistic’ it will meet target in FY15

Insurance

Allianz anticipates challenging year for company and industry

Manufacturing

Globetronics Technology sets aside RM45 million in capex

Property

Pesona Metro frontrunner for RM250 million contract in Klang Valley

Pelaburan Hartanah eyeing commercial sector

Retail

Sector’s earnings growth at slower pace, especially after GST

Transport

Taxi drivers going ahead with fare hike

SPAD disputes talk new fares announced without approval

ASIA

Airlines

Jetstar Hong Kong poised to begin operations with single aircraft

South Korea’s budget carriers protest Asiana’s move to establish second LCC

Autos

Green light for Mexico plant would signal end to Toyota’s three-year expansion freeze

Islamic finance

Asian Development Bank focusing on member states’ use of Sukuk for public debt financing

AUSTRALIA

Real estate

Foreign investors flooding property market; Chinese largest source of foreign investment

Tax

British company’s case potentially one of largest against Australian Taxation Office in recent years

EUROPE

Mergers and acquisitions

Italian tyre maker Pirelli falls into Chinese hands

Real estate

Norwegian fund’s first Asian investment narrowed to Singapore and Tokyo

SINGAPORE

Banks

OCBC sharpens focus on developing trade finance for mainland Chinese companies

Commodities

Noble commencing legal action in Hong Kong against individual and Seychelles firm

Financial markets

Bond issuers turning to private debt placements amid uncertain rates outlook

Obituary

‘Founding father’ dies at age 91

Divisive figure who moulded independent country into global economic powerhouse

Milestones in the life of Singapore’s first elected PM

Memorable quotes from late leader

UK

Banks

TSB agrees to £1.7 billion takeover by Spanish lender

Insurance

Chairman, CEO of Financial Conduct Authority face MPs’ wrath over bungled briefing in 2014

US

Private equity

Firms preparing offers for Informatica in what could be year’s largest LBO

Technology

Rapid7, LogRhythm and Mimecast join growing list of cybersecurity firms planning to go public