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Daily News

 

Monday
May212012

21 May 2012, Monday

Banks

SME lending a new source of credit growth

Capital markets

Securities Commission chairman now a member of the board of IOSCO

Two new appointments at Bursa Malaysia

Entertainment

Malaysia looking to become film industry hub for SE Asia

Insurance

Hard line on employers that flout rules on insuring foreign workers

Investment

Sarawak and Sabah prime for investments

Regulators unclear about landbanking schemes

Islamic finance

Islamic venture capital attracting strong interest

Local VC industry needs more players to ensure healthy growth

Time for regulators to strategise future of our IF system

Legal profession

It must remain independent and be seen to be so

Legislation

Evidence (Amendment) (No 2) Act 2012 will have serious repercussions on Internet use

Metals

Lynas would do well to regain public confidence by making processes as accessible as possible

Atomic Energy Licensing Board must respond to issues by 31 May

Plantation

Buyer found for Lembaga Tabung Haji’s 95% stake in THIP

Real estate

Finance ministry calls MRT Corporation and other parties for urgent meeting tomorrow

Tort

New Straits Times Press, reporters ordered to pay damages to NUBE

Transport

Electrified rail project hits snag over cost overrun; MMC-Gamuda Joint Venture requests extension

Utilities

Sarawak Energy opens three more power transmission line projects for bidding

Wealth management

Al Rajhi Malaysia anticipates better performance in gold investment

AUSTRALIA

Intellectual property

IP Australia introduces online ‘TM Check’

Pharmaceuticals

Monitoring the conduct of competitors

Retail

Australian Competition and Consumer Commission to probe fashion importers

GLOBAL

Graft

The most appropriate action to take when alerted to a potential bribe

Islamic finance

AAOIFI completes new Shariah standards

SINGAPORE

Gaming

International marketing agent licences unlikely to drive growth in VIP segment

Intellectual property

Lady Rose trumps Rose Lady in trademark dispute

Property

Government faces crucial test to bring down prices over coming year

UK

Competition

British Sky Broadcasting likely to be given reprieve

Contract

‘Good faith’ does mean something, but not completely clear just what it means

Employment

Employers must be alive to the risks of employee misuse of social media

Islamic finance

Dome Advisory wants an ‘Apprentice’

Bank of London and the Middle East targets rich Gulf residents with ties to UK

Property

Malaysia’s SP Setia said to be on informal shortlist of bidders for Battersea Power Station

US

Intellectual property

Outcome of Cariou v Prince appeal could have major implications for art world and beyond

Technology

Apple and Samsung begin two days of judge-ordered settlement talks

Hunger for social-media stocks hasn’t abated

Debut racked by technical problems and market-wide selloff

Friday
May182012

18 May 2012, Friday

Arbitration

June seminar on new ICC rules of arbitration

Banks

Bank Negara Malaysia signs MoU with Turkey

Capital markets

Trading in Boustead Holdings and subsidiary UAC suspended until Monday

AsiaEP Resources classified as a GN3 company

Commodities

Malaysia needs to reform palm oil industry’s tax structure

Dispute resolution

Universiti Utara Malaysia ordered to pay RM3.7 million to KIC Management

Legal adviser claims trial to cheating businessman

Earnings

Fifth straight year of record earnings for AMMB

Franchising

Taiwanese bubble tea brand Chatime expanding to Sabah and Sarawak, Brunei in Q3

Islamic banking

Kuwait Finance House likely to register third consecutive year of losses

Legislation

Malaysia looks into Foreign Workers Act

Media

No mention of censoring the news in ministry guidelines

Property

Ho Hup granted leave to appeal against decision on development rights

SP Setia set to meet RM4 billion sales target for FY 2012

WCT looking at opportunities in Indonesia and Myanmar

Starhill REIT in exclusive talks to acquire three Marriott Hotels in Australia

Technology

MOL poised to benefit from Facebook listing

Trade

Malaysia and Australia signing free trade agreement on Tuesday

ASIA

Insurance

Manulife, Metlife and Prudential expected to place first-round bids for ING Asia unit

Indonesia an attractive market for Zurich

Social media

Facebook’s breakneck growth in Asia may be slowing

UK

Insurance

Aviva may sell underperforming units while it finds replacement for ousted CEO

Prudential is latest company to come under pressure in surge of protest from investors

Islamic finance

Two-day London Sukuk Summit begins 6 June

US

Capital markets

Frenzied demand expected to drive Facebook well above IPO price

Scramble for shares divided the haves from the have-nots

Trade

Good progress on talks with eight countries on FTA, but tough issues remain

Thursday
May172012

17 May 2012, Thursday

Airlines

Beijing a long-sought-after prize for AirAsia X

AirAsia surprises with generous dividend

Capital markets

Integrated Healthcare Holdings to debut by end-July

Employees Provident Fund to acquire significant stake in KFC and QSR

Hektar Asset Management can increase fund size

Earnings

Higher net income for Bank Simpanan Nasional

Media Prima Q1 profit down 40%

Lower Q1 net profit for Tradewinds Plantation

Intellectual property

Copyright Tribunal will be revived to help local artistes and musicians

Islamic finance

Conference on Islamic wealth management this Tuesday

Legal profession

Lawyer claims notice for Malaysian Bar EGM null and void and against Legal Profession Act 1976

Legislation

Proposed Bills will impose prudential standards on financial holding companies

Oil and gas

SapuraKencana Petroleum order book should keep it busy another few years

Water services

Founder of Country Heights group embarks on new ventures

ASIA

Islamic finance

Brunei needs a regulatory system with comprehensive supporting legislation

Sector needs more Shariah graduates

Property

634m Tokyo Skytree opens next week

AUSTRALIA

Competition

Watchdog hopes new probe finally and firmly decides whether petrol price-sharing system is legal

Contract

English and Australian interpretations of ‘best endeavours’

Insolvency

Number of corporate failures continues to rise

Insurance

Insurance Australia Group reviewing UK operations

CANADA

Insurance

Sun Life won’t comment on media reports about its UK business

Mergers and acquisitions

Don’t jump in on a rumour or after a takeover bid has been announced

GLOBAL

Gemstones

Production of rough diamonds worldwide has depleted

Islamic finance

Islamic Development Bank plans US$1 billion Sukuk in June

‘Megabank not necessarily the best or only solution’

UK

Financial services

Bank can delay execution of payment instructions where there is suspicion of money laundering

Consider nature of information, purpose of disclosure before communicating to third parties

Property

Turmoil in Eurozone hurting demand for office space in central London

US

Antitrust

Experts divided about chances for approval of Universal Music-EMI deal

Insurance

AIG selling its AIA shares in September

Intellectual property

Adidas claims sneakers made by retailer infringe its three-stripe mark

Technology

Larger screen on next-generation iPhone

Wednesday
May162012

16 May 2012, Wednesday

Banks

Royal Bank of Scotland looking to consolidate corporate banking business

Strong pipeline of foreign clients looking to issue ringgit Sukuk

Capital markets

Lowest close for benchmark FBM KLCI since late February

Louis Dreyfus and top dealmakers are cornerstone investors for Felda Global Ventures listing

SapuraCrest, Kencana delisted from tomorrow

Legal profession

Putrajaya to look into alternative Malaysian Bar

'Don't shoot the messenger'

Malaysian Academy of Law Bill may be revisited

Advocates and Solicitors Disciplinary Board right to strike lawyer’s name off the Roll

Metals

Further delays for Australian miner Lynas as regulators await minister’s decision

Property

HomeGuru and Fullhouse portals consolidated

Tax

LHAG partner a panellist at National Tax Conference in July

Tort

Freedom of speech does not mean freedom to slander

ASIA

Antitrust

China has final word on Google’s proposed acquisition of Motorola Mobility

Investment

Foreigners lose patience with India’s policy paralysis

AUSTRALIA

Banks

ANZ invests further in Chinese subsidiary as part of push into Asia

Transport

Toll Holdings expects earnings to fall

EUROPE

Antitrust

British drugmaker AstraZeneca abused dominant position in breach of EU rules

Financial services

Spotlight on dominance of Standard & Poor’s, Moody’s and Fitch

Insurance

Allianz confirms full-year operating profit target

SINGAPORE

Airlines

‘Singapore Girl’ can fly for up to 20 years

Conveyancing

Property agent charged under Stamp Duties Act for using fake stamp certificates

UK

Insurance

Aviva could make a loss from standalone sale of US arm

Media

Rupert Murdoch confidante charged with interfering with police probe into phone-hacking scandal 

Former News International CEO calls case against her ‘an expensive sideshow’

Property

Landlord’s plans to occupy property for own business are viable

US

Antitrust

Apple and five publishers can’t close the book on consumers’ lawsuit

Banks

FBI probes trading losses at JPMorgan Chase

Tax

Hewlett-Packard loses battle for tax refunds

Tuesday
May152012

15 May 2012, Tuesday

Auditing

Audit Oversight Board of Malaysia hosts discussions on ISA 600

Autos

Continental acquires full control over JV with Sime Darby

Banks

Exim Bank seeks partnerships

Capital markets

United Plantations shares down

China-based companies looking at Hong Kong or Shanghai exchanges for better value

Gas Malaysia to debut on 11 June

Commodities

Louis Dreyfus pays US$150 million for stake in Felda Global Ventures

Management

Departure of JCorp CEO paves way for buyout of QSR Brands and KFC Holdings

Oil and gas

O&G firms clinch over RM22 billion in new business opportunities

Plantations

Modest growth in IOI’s cash flows over next two years

Citigroup, HSBC, Mitsubishi UFJ and Morgan Stanley will meet with bond investors

Real estate

Tussle over development rights of Ho Hup’s land in Bukit Jalil goes before Federal Court

KrisAssets divesting Gardens Mall, Mid Valley Megamall and associated assets to IGB

L&G in talks with owners of prime land in Klang Valley

Telecommunications

Telekom Malaysia’s HSBB network outpacing others in the region

ASIA

Arbitration

Arbitral awards should be set aside in only the rarest of circumstances

Insurance

Private companies allowed to offer six types of insurance in Myanmar

Singapore’s UOB, Australia’s Macquarie among suitors for ING Asia unit

AUSTRALIA

Intellectual property

Changes to fees for Australian patents, trademarks, designs and plant breeders rights from July

EUROPE

Competition

Analysis of whether competition is restricted requires a case-by-case approach

Intellectual property

Founder of file-sharing site Pirate Bay taking his case to highest court

SINGAPORE

Finance

Regulator worried about potentially risky bonds in the hands of individual investors

Intellectual property

Foreigners can offer offshore patent agency services under proposed changes to Patents Act

Legal services

Interest in applications for new QFLPs expected to be high

Property

Singapore considers measures to regulate sale of shoebox apartments

Winding up

Chinese multimedia firm KXD Digital applies to be wound up

UK

Finance

Series of emails authenticated by online signature of guarantor can create enforceable guarantee

Gaming

Rank becomes UK’s biggest casino operator following £205 million deal with Gala Coral

US

Corporate governance

Bad behaviour is back in corporate America

Banks

JPMorgan Chase accepts resignation of CIO, one of its highest-paid officials

Mismanaged derivatives trade at JPMorgan raises concern about strategies at other banks

Questions about how attuned regulators were to botched derivatives trade

Intellectual property

For companies with recognisable brand names, cyber squatting is about to get much worse

Media

Stock photography service Shutterstock filing for IPO

Mergers and acquisitions

Coty withdraws US$10.7 billion takeover bid for Avon Products

Technology

Facebook raises price range on IPO, closing the books today