13 April 2012, Friday
Autos
Revised NAP will lead to more open and liberalised market
Banks
CIMB, RBS ink cooperation agreement
Singapore’s DBS can hold separate stakes in Alliance Financial and Hwang-DBS
Business
9,800 companies, individuals and businesses charged for various offences
Finance
New banknotes series in circulation from mid-July
Insurance
AMMB unit acquires Kurnia Insurans (Malaysia)
Addition of Kurnia set to double AmG’s annual gross written premium
Islamic finance
Johor Corp issuing Sukuk Wakalah in May
JCorp, CVC Capital still pursuing privatisation of QSR Brands and KFC Holdings
Leisure
Themed Attractions Malaysia investing RM267 million in Desaru
Metals
High Court knocks back request to review Lynas TOL
Lynas advances the most since March
Oil and gas
Aker Solutions setting up region’s first steel tube umbilical plant
Property
Axix REIT Managers acquires Nilai facility for RM26.5 million
UEM Land roadshows in Kuching, Miri, Sibu and Kota Kinabalu
Takaful
Still plenty of room for growth
Utilities
Tenaga Nasional regains spark after three straight quarters of losses
ASIA
Insurance
Mitsui Sumitomo acquiring 26% stake in Max New York Life
Islamic finance
Year-long drought in sales of corporate Sukuk in Indonesia is ending
Retail
Japan’s Aeon forecasts record operating profit of ¥210 billion to ¥220 billion
Tort
Host of Web forum liable for defamatory statements posted by anonymous users
EUROPE
Antitrust
European Commission to decide this month next steps in Google probe
Technology
SINGAPORE
Investment
Financial Investor Scheme will be scrapped end-April
Real estate
M&L Hospitality Trusts lodges preliminary prospectus for IPO
M&L’s IPO would be second sizeable offering after Bumitama Agri
UK
Competition
Leniency materials may have to be disclosed in civil damages proceedings
Insurance
Solvency II may deter potential European buyers from bidding for Aviva’s US unit
Media
TV news cameras allowed to film sentencing in a criminal court for the first time
US
Antitrust
DoJ shows it can successfully prosecute non-US corporate and individual members of a global cartel
Employment
Settlement doesn’t resolve question whether law firm partner is an employee or owner
Intellectual property
More disputes involving wrongful acquisition of valuable corporate secrets by foreign entities
Technology
New stock structure gives Google’s founders more power than shareholders