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Daily News

 

Thursday
Dec182014

18 December 2014, Thursday

Airlines

Malindo Air targeting 100-aircraft fleet in next decade

Autos

Perodua sales could exceed 195,000 units

Capital markets

Genting Malaysia down 4% after failing to secure casino licence in upstate New York

TH Heavy Engineering reprimanded

Constitutional law

Decision not to enforce mandamus order on IGP in child custody tussle raises concern

Economy

Growth next year likely at lower end of 5%-6% forecast

Economic growth could decelerate to 4.7% in 2015

Franchising

Another 100 Teh Tarik Place restaurants opening from 2015 to 2023

Islamic capital market

Registered Shariah advisers as at 30 November 2014

Amundi CIO thinks Sukuk yields could test 4% next year

Land

1MDB getting Tadmax Resources’ land in Selangor at 7% discount

Legal profession

English proficiency among fresh law graduates on the decline

Former IO in sodomy case can be called to the Bar

Plantations

Sarawak Oil Palms aborts deal to acquire 60% stake in DD Pelita and Mutiara Pelita

Retail

Local sector expected to register steady sales growth in Q4 2014 and Q1 2015

Tort

HC decision on Felda’s suit against Anak president on 29 December

ASIA

Shipping

Mitsui partnering with Singapore’s PSA on Jakarta port

Technology

China’s Baidu latest big-name investor in Uber

AUSTRALIA

Competition

Boral-CSR’s brick-making JV gets go-ahead

Telecommunications

Telstra in talks with owners of Pacnet to acquire company

EUROPE

Competition

European Commission approves sale of Lufthansa’s IT infrastructure unit to IBM

Healthcare

Philips’ Volcano buy marks largest healthcare acquisition in seven years

Mergers and acquisitions

Merger of Britain’s TUI Travel and Germany’s TUI completed

SINGAPORE

Arbitration

Court of Appeal reverses High Court’s decision to set aside arbitral award

Property

Quarter of Goodland’s revenues from property development outside of Singapore by 2016

Oxley named preferred bidder for key site next to proposed new HQ of Central Bank of Ireland

UK

Banks

British government cutting stake in Lloyds

Media

Emergence of BT as ambitious new competitor threatens to bring Sky’s rule to an end

Property

Drop in Russian buyers hitting London luxury-property market

Telecommunications

BT preparing giant financing package to help fund planned takeover of EE

Vodafone, O2, Three and EE investing £5 billion to improve call signal by 2017

US

Gaming

New York chooses sites for gambling resorts; Caesars and Malaysia’s Genting out of contention

Proposals for NY casino

Graft

French engineering giant Alstom nearing US$700 million agreement with DoJ

Cosmetics seller Avon settles China probe for US$135 million

Wednesday
Dec172014

17 December 2014, Wednesday

Aviation

Sector’s earnings underpinned by yield recovery, positive impact from lower jet fuel prices

Meeting between Jentayu Danaraksa and Khazanah Nasional called off

Banks

Another challenging year ahead

Civil service

Time the government did something real about elephants in the room

Earnings

Gamuda’s Q1 profit up 12%

Media

MCMC should strike off RM10k fine on BFM, review licence conditions on broadcasters

Listeners pledging RM10 each to help settle fine

Property

Profit contribution from FCW’s property unit likely to overtake that of contract manufacturing

Masterskill aborts plan to dispose of campuses in Cheras, Kuching, Kota Kinabalu and Johor

S P Setia misses FY14 sales target, expects flat or loweer sales for FY15

Anxiety over S P Setia’s top leadership merely based on investors’ perception

i-Bhd chairman’s goal is to make i-City an ‘ultrapolis’

ASIA

Banks

StanChart continues to prune non-core assets to bolster profit

Capital markets

Hong Kong ranked second in global IPO rankings, behind New York

Insurance

Stable outlook for Indonesia's life and non-life insurance sectors in 2015

AUSTRALIA

Capital markets

Number of IPOs dwarfs last year’s

Australia set for slowdown in IPOs in 2015 after record 2014

Employment

Former executive of EnergyAustralia not unfairly dismissed

Federal Court judgment

CANADA

Employment

Employee who punched co-worker in the face was wrongfully dismissed

Decision

Oil and gas

Spain’s Repsol buying Canada’s Talisman Energy for US$8 billion

Energy sector vulnerable to being picked on by anyone with a war chest

Billionaire could lose US$286 million on investment in Talisman

EUROPE

Insurance

Zurich Insurance looking to Europe, wants to increase real estate holdings

Technology

Google could be fined €15 million unless it fixes privacy breaches in Netherlands

Google shuts down news service in Spain

SINGAPORE

Property

Straits Trading makes first foray into China

Retail

Online retailers offering fresh food enjoying brisk sales growth

UK

Financial services

Consumers cannot distinguish between ‘independent’ and ‘restricted’ advice

Telecommunications

EE move revives BT’s rivalry with Vodafone

BT-EE merger would pose several challenges

US

Earnings

Activist investor Starboard Value having a positive impact on Darden Restaurants’ financials

Retail

American Apparel dismisses founder, names retail veteran as CEO

Technology

Apple cleared of antitrust violations for iPod restrictions

Tuesday
Dec162014

16 December 2014, Tuesday

Airlines

Jentayu Danaraksa proposes ‘premium economy’ airline

AirAsia X confident will return to the black in Q4

AirAsia X places firm order for 55 Airbus A330neo passenger jets

Capital markets

Supermax CEO charged with insider trading of APL Industries shares

Charges not related to glovemaker

Goldis selling 30 million shares in IGB REIT

Malakoff may sell RM5 billion worth of shares for proposed IPO

Earnings

George Kent’s Q3 profit up 2%

Jeweller Poh Kong’s Q1 earnings down despite higher revenue

Healthcare

Cost of private healthcare 5% higher from April 2015

Media

Radio station BFM fined RM10k for interview with Iranian-American Muslim scholar

Property

Felda buys second hotel in London for £60 million

Technology

Kronologi Asia seeks local partner for EDM managed services business

ASIA

Airlines

Singapore Airlines-Tata JV, Vistara, cleared for takeoff

Technology

Xiaomi booked 347.5 million yuan in net profit last year

2015 true test of whether Xiaomi can continue rise beyond China

AUSTRALIA

Banks

National Australia Bank retreats further from UK market

Intellectual property

Departing employees cannot take materials created for employer or confidential info

EUROPE

Antitrust

Holcim-Lafarge deal approved, subject to sale of overlapping operations

Extensive probe into Mondelez-D E Master Blenders 1753 plan to combine coffee businesses

Insurance

New rules could spur takeovers and consolidation in 2015

Telecommunications

Deutsche Telekom expects to complete negotiations over sale of EE to BT in Q1 2015

SINGAPORE

Infrastructure

Yoma Strategic obtains Asian Development Bank loan for infrastructure projects in Myanmar

Property

CityDev looking to raise US$1 billion to fund global expansion

UK

Banks

Lloyds revives 42-year-old brand

Financial services

Former Blackrock MD banned for life from any senior role in industry

Mergers and acquisitions

BGC Partners strikes deal to buy UK assets of rival RP Martin

Telecommunications

BT in exclusive talks to acquire EE for £12.5 billion

Real surprise would be return of big cross-border deal

US

Gaming

New York state awarding first commercial casino licences this week

Mergers and acquisitions

Singapore-based Olam buying Archer Daniels Midland’s cocoa business

Monday
Dec152014

15 December 2014, Monday

Airlines

Trading of Malaysian Airline System shares suspended from today

Jentayu Danaraksa’s plan to ‘rehabilitate’ MAS includes sale and leaseback of aircraft being used

Authorities rebuffed Inmarsat's findings on MH370

Banks

AMMB founder and chairman may have to sell 12.97% stake

UOB to increase wholesale bank business revenue by 15% in next two years

Alliance Bank Malaysia’s new CEO from January

Capital markets

First F&B SPAC Red Sena plans to raise RM400 million from IPO

Fallout from global slump in oil prices roils capital markets

Malayan United Industries sells 69% stake in Pan Malaysia for RM77 million cash

Insurance

Insurance and Takaful sector should remain stable in 2015

Logistics

Tiong Nam looks to Vietnam and Myanmar for growth

Property

UEM-led consortium among six possible bidders for KL118 Tower (Warisan Merdeka) project

Titijaya founder determined to make company one of country’s leading developers

AUSTRALIA

Aviation

Search for MH370 in priority zone could finish in May

Mergers and acquisitions

Herbert Smith Freehills’ top 10 predictions for coming year; review of 2014

EUROPE

Aviation

Poland not only country in Europe to have built airports that struggle to attract flights

Oil and gas

Technip walks away from bid to buy French seismic surveyor CGG

Spain’s Repsol hopes to strike deal with Canada’s Talisman before Christmas

SINGAPORE

Banks

Private banking arm of OCBC back on track to post double-digit growth

Earnings

ISEC Healthcare’s Q3 earnings down 71%

UK

Oil and gas

Insolvencies among UK companies treble, £55 billion of further oil projects may be under threat

Property

Market cooling down

US

Media

Fitch Ratings will be majority-owned subsidiary of privately held Hearst

Real estate

Allianz-Manulife Financial JV to invest US$1 billion in US commercial real estate

Tobacco

Proposed Reynolds American-Lorillard merger up for shareholder votes next month

Friday
Dec122014

12 December 2014, Friday

Agriculture

FGV partnering with Shenzhen Agricultural Products in new foray into China

Aviation

Investigators seeking wreckage of MH370 widen search area

Independent committee to probe safety issues at klia2

Banks

Bank Negara Malaysia’s appeal against acquittal of former Sime Bank CEO will be heard in January

Capital markets

Last chance to own shares of Malaysian Airline System

Earnings

Astro Malaysia’s Q3 profit down 8%

Islamic finance

1MDB Sukuk postponed to 2015

Oil and gas

Petronas reviewing projects in bid to cut costs

Ready to divest assets in Mauritania and Cameroon if growth prospects limited

Final investment decision for Canadian gas project in Q1 2015

Property

IOI never intended to manage Taipei Financial Center Corp

Eight bids received for Kwasa Land’s Project R3-2

Some apartment dwellers will pay more for management fees due to loophole in GST Act

Tort

Five ex-ISA detainees awarded damages of more than RM4.5 million

ASIA

Technology

Uber-trendy Gangnam making a name as bustling centre for start-ups

Telecommunications

Indonesia’s Telkom taking the lead in US$24 billion broadband plan

AUSTRALIA

Construction

Leighton’s John Holland unit sold for A$1 billion

Real estate

Crown Resorts expands Melbourne presence

CANADA

Competition

Competition Bureau investigates Apple’s Canadian arm

Tobacco

Lawsuit against Imperial Tobacco; Rothmans, Benson & Hedges and JTI-Macdonald ends after three years of testimony

GLOBAL

Pharmaceuticals

2015 seen as transitional year for pharma companies

Telecommunications

Telcos using analytics tools only scratching tip of iceberg

SINGAPORE

Competition

Nippon Express, “K” Line Logistics among 10 freight forwarders fined for price-fixing

CCS statement

Graft

Bribery and fraud charges filed against former executives at ST Engineering

UK

Autos

Aston Martin looking to raise more than £100 million to expand range

Contract

Consumer entitled both to change his mind and reclaim £1,000 deposit

Employment

12 significant cases of 2014

Telecommunications

BT expected to choose between O2 and EE by early next week

US

Antitrust

Conditional approval for German auto supplier Continental to buy Veyance Technologies

Intellectual property

Nike claims former designers stole commercial secrets and made off for Adidas

Oil and gas

Price of oil below US$60 for first time since July 2009