15 February 2012, Wednesday
Airlines
AirAsia X consolidating business in core markets
Banks
Japan’s Sumitomo Mitsui sounded out for Aabar stake in RHBCap
Stake sale won’t fetch good price
Higher interest rates for outstanding credit card balances; hike in late payment charges
Indonesia not implementing planned regulation to limit ownership in domestic banks
Capital markets
SapuraCrest Kencana Petroleum on track to for March debut on Main Market
Dispute resolution
Former MAS chairman ends legal battle with Danaharta
Energy
Ex-Petronas CEO set to become chairman of Singapore Power
Financial reporting
Workshop on significant revisions to key financial reporting standards
Financial services
Tune Money reinventing itself as a ‘supermarket banker’
Graft
‘Cowgate’ highlights PM’s stuttering efforts to reform
NFCorp breached loan conditions
Investment
Brunei Investment Agency keen to invest in Labuan and Kampung Baru
Islamic finance
Dana Infra selling Sukuk to fund construction of mass railway
Real estate
Controversy over ‘loss’ of RM250 million plot of land belonging to Kumpulan Hartanah Selangor
Petra Energy unit eyes leasehold land in Labuan
UEM Land sets its sights on India, Vietnam and Myanmar
Glut could emerge in Johor property market
Tax
More feedback sought before implementation of goods and services tax
ASIA
Intellectual property
Swedish appliance maker Electrolux wins trademark-infringement lawsuit
Technology
Chinese tech firm seeks ban on exports of Apple iPad
GLOBAL
Competition
Regulators investigating whether banks attempted to manipulate Libor, Tibor and Euribor
Financial services
Wall Street losing war to keep top commodity traders
SINGAPORE
Legal services
Foreign law firms will be allowed to own stakes in local legal practices or share in their profits
Property
CapitaLand bullish on local housing market and China’s long-term prospects
UK
Insurance
Cost of Thai floods likely to rank as Lloyd’s third-biggest loss
Tobacco
Financial crisis gives surprise fillip to one of Britain’s most controversial sectors