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Daily News

 

Monday
Jun102013

10 June 2013, Monday

Airlines

Malaysian Airline System likely to generate profit in 2015

Capital markets

AirAsia X seeks to raise US$370 million from IPO

Corporate governance

Asian roundtable studying ways to enhance transparency in board nomination process

Education

Cranfield University School of Management could be set up in Malaysia within a year

Financial services

Affin, AMMB bids for Hwang-DBS Malaysia expected this week

Food and beverage

Cuscapi in expansion mode

Insurance

Zurich Insurance, Sanlam in talks over MCIS Zurich

Land

Police owe an explanation on investigation of most infamous land forgery case in Malaysia

Oil and gas

Completion date for Petronas’ Johor refinery-petrochemical project delayed to 2017

Real estate

Iskandar’s success in attracting big-brand investors has been surprising

Naim should capitalise on Dayang’s strong equity price

Cahya Mata Sarawak subsidiary Samalaju spearheads Sarawak’s first green township development

Tax

Myths need to be debunked to inspire confidence in GST

Technology

Tencent tipped to acquire 15% stake in loss-making Patimas Computers

ASIA

Airlines

Only the fittest budget carriers will flourish

Telecommunications

New acquisition rules could clear way for consolidation of mobile-phone market in India

CANADA

Employment

Sacked employee should not have been reinstated

Intellectual property

Elements of TV programme creator’s show not capable of being protected by copyright

EUROPE

Antitrust

Brussels plans ‘loser pays principle’, rules against abusive litigation and massive payouts

Financial services

Britain seeks to overturn powers of European Securities and Markets Authority to ban short selling

SINGAPORE

Commodities

Deutsche Bank opening gold storage vault

Judiciary

First female judge loses fight against cancer

UK

Capital markets

Life insurer Partnership Assurance makes robust debut

Contract

Consideration of implied terms equally important

Dispute resolution

Commerzbank launches high court proceedings against Turkish billionaire

Sport

Lotus F1 owner Genii Capital close to major financial announcement

US

Privacy

Former CIA employee behind biggest intelligence leak in NSA’s history

Technology

Google buying map software provider Waze for US$1 billion

Friday
Jun072013

7June 2013, Friday

Airlines

AirAsia targeting to move 500,000 passengers to Myanmar

Construction

UEM Builders not main contractor for second Penang Bridge

Dispute resolution

Former executive chairman of Renong files suit against government

Legislation

No date set for enforcement of Personal Data Protection Act 2010

Mergers and acquisitions

Ingress takeover offer deadline extended to 25 June

Property

Property requirements of expats, and what influences their decision

Tax

Goods and services tax needs to be explained properly

IRB Public Ruling No 7/2013: Unit Trust Funds Part 1 — An Overview

Telecommunications

Celcom Axiata banking on Sarawak

Telco allocates RM400 million to upgrade network quality

ASIA

Insurance

Untapped market for Takaful in Indonesia

Intellectual property

Mumbai-based firm’s claim over ‘Maggi’ held invalid

AUSTRALIA

Competition

Watchdog opposed to supermarket giant Woolworths opening new store

Important lessons for investment banks and PE firms involved in competitive sale processes

Dispute resolution

Casino case outlines limits of knowledge requirement for purposes of unconscionable conduct

CANADA

Competition

Nestlé, Mars charged for role in chocolate price fixing

Employer

Employee has a duty to mitigate when seeking damages from former employer

EUROPE

Financial regulation

Regulators publish new ESMA guidelines in stop gap measure

Sport

German Bundesliga’s bank accounts the envy of Europe; English Premier League leads in revenue

NEW ZEALAND

Competition

Air New Zealand could be fined NZ$7.5 million

Methodical Air NZ CEO chasing sales

Media

Fairfax websites in New Zealand could go behind paywall in a few years

SINGAPORE

Banks

Private banks worried about new regulations

Media

Human Rights Watch says new licensing rules will limit citizens’ access to independent media

Pending outcome of appeal, SingTel must continue to share BPL matches with StarHub

Retail

Singapore malls offer best returns in Asia-Pacific

UK

Media

Forbes magazine sued for underestimating Saudi prince’s wealth

Real estate

KKR acquiring 430,000 sq ft of UK retail warehouses

US

Intellectual property

Newly launched IPXI aims to create standard marketplace for patent licences

Technology

Microsoft, FBI take down Citadel botnets

Thursday
Jun062013

6 June 2013, Thursday

Airlines

Employees Provident Fund ceases to be substantial shareholder of Malaysia Airlines

Malindo believes pricing strategy sustainable

AirAsia unfazed by rival’s plans

Food and beverage

F&N Beverages, Oishi in distribution alliance

Insurance

AIG Malaysia confident CyberEdge will add significantly to revenue

Oil and gas

Petronas’ Q1 profit down

Petronas says has kept to international standards in disclosing overseas operations

RM60 billion RAPID project won’t be completed on time

Real estate

Tropicana disposing of adjacent parcels for RM116 million

Talks

‘Status of Bankrupts/Companies under Liquidation at the Industrial Court’, 27 June

LHAG partner and senior associate to speak on reinvestment allowance, 21 June

Tax

Businesses want guidance on tax planning

Telecommunications

Green Packet founder will be P1 CEO from July

ASIA

Capital markets

Foreign investment one key to Vietnamese stock market’s growth

Healthcare

India’s Fortis may divest assets in Vietnam and Hong Kong

AUSTRALIA

Airlines

Air New Zealand now largest shareholder in Virgin Australia

Gaming

Crown Casino not responsible for losses of ‘pathological gambler’

CANADA

Employment

Duties or obligations between investment advisors and their brokerages

Insurance

Insurer’s burden of proof in justifying decision to void policy

EUROPE

Financial regulation

London may be stripped of control over scandal-hit Libor lending rate

Retail

IKEA founder steps down from board

NEW ZEALAND

Competition

Air New Zealand agrees to settle long-running air-cargo case

Employment

Airline justified in dismissing disruptive stewardess

Employer must pay former driver NZ$12,000 in lost wages and compensation

SINGAPORE

Capital markets

Popularity of exchange traded funds still lags behind Hong Kong

Real estate

Overseas Union Enterprise gets nod to list hotel REIT

Director gets highest fine ever imposed on errant licensed moneylender

UK

Auditing

Financial Reporting Council may be roped in to help end ‘Big Four’ dominance of audit market

Construction

Crucial to avoid ambiguity when drafting net distribution clause

Financial services

Warning to lenders to consider carefully how material adverse change clauses should be drafted

Media

Businessman wins libel action against Sunday Times

US

Property

2.4 million sq ft Macy’s Plaza to get dramatic makeover

Social media

Waning enthusiasm for nine-year-old Facebook

Technology

Trade panel rules in favour of Samsung in patent dispute

Venture capital

Bloomberg News parent creates US$75 million fund

Wednesday
Jun052013

5 June 2013, Wednesday

Aviation

AirAsia disappointed with latest delay in KLIA2

AirAsia faces serious competition from Malindo

Malaysia Airports Holdings: Liquidated and ascertained damages will still be imposed

Bina Puri might avoid paying LAD

Capital markets

Billionaire may list 7-Eleven convenience-store franchise this year

MISC, DRB-Hicom and TA Enterprise among potential M&A plays

Hytex Integrated now a PN17 company

Entertainment

Angry Birds to invade Johor

Islamic finance

Amilin Global launches world’s first online Islamic finance news TV channel

Media

Should Malaysia follow Singapore in regulating online media?

Oil and gas

SapuraKencana Petroleum clinches Vietnam contract

Technip sees growth opportunities in Malaysia

Property

IRDK Land lines up RM1 billion worth of projects

Social media

Facebook user detained over alleged insults to king

Telecommunications

Axiata, Idea Cellular in talks

Maxis strives to be nimbler

ASIA

Airlines

Hong Kong stalls on licensing of new carriers

Investment

BASF plans to invest US$13 billion in Asia-Pacific

Australian gambling tycoon teams up with Sri Lankan partner

AUSTRALIA

Intellectual property

Circumstances in which trademark owners may enforce their rights against infringement

Telecommunications

Consequences of pressure selling tactics and failing to inform consumer of unusual terms

CANADA

Employment

Twelve most common avoidable drafting errors in employment contracts

Child and youth workers were employees and not independent contractors

Telecommunications

Canada blocks Telus’ acquisition of struggling startup Mobilicity

Mobilicity could be forced into restructuring

SINGAPORE

Islamic finance

Efforts to develop sector face challenges from limited domestic demand

Islamic finance can offer much-needed funding for infrastructure building

Media

New licensing regime for news websites does not impede individuals’ freedom of expression online

Minister clarifies guidelines on restricted content

UK

Capital markets

Life insurer Partnership Assurance will begin trading on Friday

Intellectual property

Intellectual Property Office rejects fashion house Chanel’s attempt to trademark ‘Jersey’

US

Capital markets

General Motors rejoins S&P 500

Antitrust

Apple faces uphill battle against government

Technology

Trade agency says Apple iPhone 4 and iPad 2 variant violate Samsung patent

Tuesday
Jun042013

4 June 2013, Tuesday

Airlines

Airbus A350, Boeing 787 potential replacements for Malaysia Airlines’ medium and long-haul fleet

Capital markets

Watch for signs of funds pulling out from emerging markets

IRM, Pan Malaysian Industries lapse into PN17

Yinson Holdings rallies on proposed entry of Kencana Capital as substantial shareholder

Intellectual property

Malaysia first country in SE Asia to carry out IP valuation through Valuation and Property Services Department

Islamic finance

LHAG partner to speak on tax provisions applicable to Sukuk

MIA conference aims to create greater awareness within accountancy fraternity

Legislation

Enforcement terms under Fisheries Act 1985 to be reviewed

Media

CEO of Phison Electronics rebuts Utusan Malaysia report

Credibility of mainstream media at stake

Property

Iskandar Malaysia investors may adopt ‘wait and see’ attitude pending Johor announcement

68-storey ‘super luxury’ condominium tower planned for The Astaka in Johor

DRB-Hicom to redevelop Proton plant

Prices for third residential tower at Tropicana Gardens start from RM1,200 psf

Tobacco

JT International, Philip Morris maintain prices

Utilities

Khazanah Nasional selling 50 million shares in Tenaga Nasional

ASIA

Banks

Private banking sector will consolidate further

Islamic finance

Islamic Bank of Thailand plans country’s first Sukuk

AUSTRALIA

Insurance

Comparison website iSelect diversifying revenue sources ahead of listing

Intellectual property

Trademark applicants must have real intention to use mark when it is filed

Retail

Surfwear company Billabong ends takeover talks with potential suitors

SINGAPORE

Graft

Five months’ jail for former NUS law lecturer who abused position

Islamic finance

Strong growth potential in Singapore

UK

Property

The Shard skyscraper mostly dormant; only six floors in use

Utilities

Water utility Severn Trent rejects sweetened takeover proposal

US

Financial regulation

Non-bank financial firms AIG, Prudential Financial and GE Capital to come under more scrutiny

Intellectual property

Flea market owner liable for contributory trademark infringement