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Daily News

 

Wednesday
Jul302014

30 July 2014, Wednesday

Administrative law

High Court has jurisdiction to hear former activist’s application for judicial review

Airlines

Black boxes show shrapnel from rocket explosion caused MH17 to crash

Malaysia Airlines begins strategic review likely to result in change of name

Not easy for Malaysia Airlines to survive after loss of two planes

Autos

Sales of commercial vehicles should improve in H2 2014

Construction

Zelan outbid Bina Puri and Muhibbah Engineering for drawbridge job

Healthcare

Malaysia attracting attention of foreign patients

Insurance

PIDM putting more initiatives in place to increase public awareness of its activities

Property

SP Setia plans more varieties of affordable housing on Penang island

Titijaya Land mulling over development projects in Klang Valley

Demand for homes could taper off after GST in April 2015

Technology

Siemens Malaysia confident of surpassing RM4 billion order book

Software companies with a proven track record will reap profits from GST move

ASIA

Antitrust

China opens investigation into Microsoft, VP and senior managers

Banks

OCBC completes buyout of Wing Hang, plans to take Hong Kong lender private

CIMB said to be eyeing stake in Philippine Business Bank

Islamic finance

Developments in Philippines rekindle interest from potential buyers for Al Amanah

AUSTRALIA

Employment

Planned theft amounted to dishonesty, a valid reason for dismissal of employee

Gloria Jean’s worker sacked for querying pay gets A$2,000 in compensation

Graft

Australian media barred from reporting allegations involving top leaders

Insurance

QBE shareholders asked to be patient with embattled global insurer’s turnaround strategy

Property

Three-storey penthouse could be first Australian property to shatter A$100 million barrier

QIC sells office tower for A$555 million, seeking other properties in Australia

Tort

Award for damages of A$450,000 sets new high water mark in Victoria

SINGAPORE

Financial regulation

Manipulation of financial benchmarks could be made a civil and criminal offence

Healthcare

Major expansion projects will boost revenue for Raffles Medical Group

Real estate

Keppel Land makes maiden foray into US

UK

Banks

Bank of England set to unveil tough new regime aimed at stamping out misconduct

Oil and gas

BP’s Q2 profits up; further Western sanctions on Russia could harm its business there

Real estate

Iconic Gherkin building in London up for sale

US

Airlines

Virgin America files for IPO

Management

Hamburger chain McDonald’s under intensifying pressure for labour practices

Pharmaceuticals

Pfizer leaves investors guessing on pursuit of British rival AstraZeneca

Friday
Jul252014

25 July 2014, Friday

Aviation

Data from black boxes of MH17 successfully downloaded

Russian experts participating in Dutch-led probe into MH17

Bodies of Malaysian victims unlikely brought back in time for Hari Raya

Bankruptcy may be the better option for Malaysian Airline System

Earnings

Public Bank’s Q2 profit up on higher net interest income

Insurance

Insurers expediting compensation to beneficiaries of MH17 victims

Intellectual property

Malaysia-registered Remit Now also seeking to trademark ‘MH17'

Oil and gas

World’s largest SWF owns substantial stake in Reach Energy

Property

Boustead acquiring Hyde Park Hotel in London

MRCB pays RM51 million for Pelaburan Hartanah’s stake in Penang Sentral

Wide range of residential types available in coastal town of Lumut, Perak

Tax

Putrajaya expects additional RM3 billion revenue from GST in first year, RM9 billion the next

ASIA

Earnings

Baidu’s Q2 profit beats analysts’ estimates

Real estate

Hong Kong REITs can now invest in property development or redevelopment

AUSTRALIA

Airlines

Losses at Tigerair Australia at ‘alarming levels’

Capital markets

TPG Capital, Carlyle pricing shares in Healthscope at upper end of target range

Intellectual property

Malaysia Airlines tragedy about to become centre of local trademark stoush

EUROPE

Consumer goods

Unilever’s Q2 revenue growth misses estimates amid Asian slowdown

Media

Britain’s BSkyB unveils multi-billion euro deal to buy Rupert Murdoch's assets in Italy and Germany

GLOBAL

Aviation

2014 shaping up to be worst year in a decade for passenger fatalities

One of the worst weeks in memory, with disasters spanning three continents

Economy

International Monetary Fund lowers outlook for global growth

SINGAPORE

Earnings

Keppel Corporation’s Q2 profit up 17%

Property

Singapore sticks with curbs

UK

Competition

Competition and Markets Authority investigates whether six biggest utilities use market power to raise prices

Construction

Balfour Beatty, Carillion in preliminary talks to merge

Employment

UBS had the right to fire head of European pharmaceuticals research

US

Banks

Barclays files to dismiss NY lawsuit over ‘dark pool’

Real estate

Home sales in the Hamptons climb in Q2, boosted by 4.7% increase in inventory

Tax

Once-obscure corporate ‘inversion’ turning debate over tax reform upside down

Inversions aren’t fair, says US president

Technology

Amazon.com reports biggest quarterly loss since 2012

Thursday
Jul242014

24 July 2014, Thursday

Aviation

Rumours of Malaysian Airline System-AirAsia merger

MAS needs experienced management for successful privatisation

Cockpit voice recorder of MH17 in good condition

Banks

CIMB aims for presence in SE Asia by 2015

Conferences

LHAG partner one of the panellists at National Tax Conference 2014

Malaysia hosting fifth Construction Law International Conference in September

Economy

Public finances still a source of downward pressure on ratings

Franchising

Berjaya Food to have full control of Starbucks Malaysia soon

Insurance

More M&As expected to intensify competition

Intellectual property

Seyefull Investments seeking to trademark ‘MH17’ and ‘MH370’

Islamic finance

PM’s goal of creating Shariah-compliant ‘mega bank’ gains momentum

Oil and gas

Reach Energy secures seven cornerstone investors

Property

Residential property segment in ‘cooling phase’

Boustead acquires land in Klang; purchase includes cruise centre terminal and jetty

ASIA

Islamic finance

CIMB keen to acquire Philippines Al-Amanah Bank

Reserve Bank of India panel reviews regulations

Real estate

Hong Kong’s retail rents could fall for first time in a decade

AUSTRALIA

Earnings

Soft Q1 for Macquarie

Franchising

Restraint of trade clause can still be effective to protect interests of commercial parties

Judgment

CANADA

Oil and gas

Spain’s Repsol exploring bid for Talisman Energy

Pick-up of deals lead to upswing in business for nation’s biggest law firms

Telecommunications

BCE taking regional affiliate Bell Aliant private

EUROPE

Aviation

Dutch mark arrival of first dead from MH17 crash with sombre ceremony

Competition

Marine Harvest fined €20 million

SINGAPORE

Airlines

Tiger Airways’ Q1 loss widens

Banks

OCBC closer to full takeover of Hong Kong lender Wing Hang

UK

Banks

Deterioration in StanChart's performance causing strain in top echelons

Bribes and secret commissions are held on trust by agent for principal

Pharmaceuticals

Fraud agency liaising with China on alleged corruption at GlaxoSmithKline

GSK’s attractions as takeover target are mixed

US

Economy

International Monetary Fund's outlook on growth more pessimistic than Fed’s

Financial services

S&P faces civil enforcement action over ratings to six deals in 2011

Technology

Facebook’s Q2 revenue soars 61%

Wednesday
Jul232014

23 July 2014, Wednesday

Autos

Malaysian Automotive Association raises TIV forecast

Aviation

PM key figure in brokering deal to release remains

Black boxes sent to UK for forensic analysis

Attorney-General told to look into possible lawsuits

MAS restructuring plan expected after Q2 results in August

International industry trying to determine if MH17 tragedy a one-off incident or ‘game changer’

Banks

NUBE concerned about job losses stemming from proposed CIMB/RHBCap/MBSB merger

Capital markets

Seven individuals charged with manipulating DVM Technology shares

Constitutional law

Putrajaya files appeal against High Court decision on confiscated CDs

Earnings

British American Tobacco’s Q2 profit climbs 18%

Energy

Tenaga Nasional signs PPA with Jimah East Power

Mergers and acquisitions

Raya International, formerly Envair Holding, aborts RM1 million deal to acquire Voyager Line

Property

Developer of i-City keen to tie up with local partners on urban development projects

Talam Transform seeks new JV partners to jointly develop land bank in Selangor

Technology

Igem 2014 expected to generate RM1 billion worth of business leads

Telecommunications

Lower profit for Maxis

Water services

Selangor to review agreements with concessionaires if there is change of MB

ASIA

Capital markets

Singapore Exchange opens office in Mumbai

Oil and gas

Mitsubishi building US$103 million gas oil import terminal in Australia

AUSTRALIA

Airlines

Qantas may split domestic and international arms

Capital markets

Stock market shrinks for first time in eight years

Contract

Current uncertain status of ‘good faith’ expected to continue

EUROPE

Antitrust

Regulators stepping up investigations of Google’s practices

Aviation

Bodies of MH17 victims arrive in Kharkiv on first leg of final journey home

Investigators face daunting task gathering and analysing evidence that may be tainted

Mergers and acquisitions

Club Med board decides on top shareholder’s takeover offer this Friday

SINGAPORE

Autos

Sales of super sports cars slow to a crawl; only 14 Ferraris registered versus 64 in H1 2013

Tort

Crane supplier and contractor owed duty of care to manager and structural engineer

US

Aviation

Rebels’ mistake ‘most plausible explanation’ for destruction of MH17

Ukrainian claims Russian officer pushed button to shoot down jet

Real estate

Judge blocks further litigation by onetime investors over Empire State IPO

Retail

‘World’s ugliest footwear’ Crocs falls out of fashion

Technology

Apple secures patent for ‘iTime’

iPhone 6 expected to be biggest smartphone launch in Apple’s history

Tuesday
Jul222014

22 July 2014, Tuesday

Aviation

Malaysian Airline System faces delisting after twin disasters

Black boxes from MH17 handed over to Malaysian officials

Malaysia, Australia juggling two crash investigations that require involvement of same people

New transport minister careful to avoid mistakes made in early days of MH370 disappearance

Downing of commercial airliner underlines growing complexities in duty-of-care matters

Capital markets

Takeover offer for IGB shares made through Goldis deemed unattractive

Constitutional law

Seized Christian CDs to be returned to Christian Sarawak woman

Earnings

Sasbadi posts Q3 earnings of RM3 million

Insurance

War risk insurance market caught by surprise

Insurers and reinsurers for Malaysian Airline System gathering info to decide extent of coverage

Investment

Johor keen to attract more capital-intensive, high-tech investments

Islamic finance

First ringgit Sukuk done in Malaysia by Türkiye Finans

Negligence

Former sprinter wins medical negligence suit in Court of Appeal

Oil and gas

Sona Petroleum buys into Salamander Energy

Property

Eastern & Oriental focusing on developing prime residential properties in UK

SYF Resources, Luxmark View and Sheeco Properties team up on Cheras project

GuocoLand’s Damansara City should be completed by mid-2016

ASIA

Aviation

AirAsia scraps plans for IPO of Indonesian affiliate

Financial services

Indonesia mulls Bill to force foreign banks to sell down majority stakes in local lenders

Islamic finance

Mainstream Islamic banks in Pakistan offer huge opportunities for counterparts in Malaysia

AUSTRALIA

Airlines

Malaysia Airlines determined to rebuild trust with Australian passengers

Banks

Royal Bank of Scotland latest to be penalised for role in manipulating bank bill swap rate

Competition

Expedia-Wotif deal under ACCC scrutiny

NEW ZEALAND

Employment

Former chef awarded more than NZ$50,000 for unjustified dismissal

More than NZ$1,000 in compensation for cleaner who was wrongly fired

Hotel ordered to pay NZ$80,000 in outstanding wages to Filipino couple

Mergers and acquisitions

Griffin’s Foods sold to Universal Robina for NZ$700 million

SINGAPORE

Real estate

Fitch publishes special report on S-REITs

Transport

Train operator SMRT penalised again, this time for S$1.6 million

UK

Regulatory

Serious Fraud Office opens criminal investigation into alleged manipulation of global forex market

Retail

Tesco CEO checks out, will be replaced by Unilever executive in October

Uphill battle to turn around Britain’s largest retailer