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Daily News

 

Wednesday
Mar062013

6 March 2013, Wednesday

Administrative law

Revocation of Keruntum’s timber licence was valid

Airlines

Malaysia Airlines’ RM3 billion rights issue gets shareholders’ nod

Turnaround plan starting to yield results

Auditing

Doubts on Silver Bird as a going concern

Capital markets

Former manager’s appeal against conviction for fraud struck out

Carotech, Hovid reprimanded; five directors fined RM400,000

Scomi Marine to trade as Scomi Energy Services from tomorrow

Islamic capital markets

Another promising year for Sukuk

Oil and gas

Pressing questions about Petronas’ operations

Is Petronas risking too much by venturing overseas?

Plantations

KL Kepong, Kwantas and Singapore’s Wilmar may halt output if military attack drags on

Real estate

Wanted: Investors for 189-room luxury yacht hotel being built in Malaysia

Retail

IOI City Mall slated to open end-2014

Telecommunications

DiGi, Celcom Axiata and Maxis fined for dropped calls

Axiata interested in Bharti Airtel’s business in Sri Lanka

ASIA

Antitrust

Record penalties on liquor companies may set stage for clash with China’s judiciary

Intellectual property

Big Pharma worried about patents in India following ruling on Bayer’s Nexavar

AUSTRALIA

Intellectual property

Inventiveness of patent successfully challenged

Negligence

Hearing of lawsuit against SP AusNet for role in ‘Black Saturday’ begins

EUROPE

Antitrust

Microsoft faces hefty fine for breaking promise on Web browsers

Property

Investors regaining appetite for riskier assets

GLOBAL

Islamic finance

E&Y: Lower profitability threatens to slow expansion of US$1.8 trillion industry

Oil and gas

China now world’s largest net importer of oil

SINGAPORE

Capital markets

Non-trust-related IPOs continue to elude city-state

Real estate

Structure and content of a typical finance transaction

UK

Banks

Big banks consider suing EU over rules to cap bonuses

Employment

Changes to laws protecting outsourced workers could cause more problems than they solve

Media

Oscar winner’s new husband blocks Sun from publishing ‘embarrassing’ photos

Tort

Tesla Motors loses legal challenge against BBC’s ‘Top Gear’

US

Antitrust

General Electric sues pump maker Danfoss

Vitamin C exporters ‘coerced into colluding’

Capital markets

Old man of Wall Street rallies to new record high

Real estate

Unit of life insurer Prudential acquires San Francisco high-rise

Tuesday
Mar052013

5 March 2013, Tuesday

Banks

StanChart, HSBC said to be keen on Hwang-DBS

Capital markets

MISC gains on EPF demand that Petronas raise buyout price

Australaysia planning to use 90% of IPO proceeds to acquire mining businesses

Prospectus

Steel industry player Leon Fuat has SC approval to list

IRM will be suspended from trading starting Friday

Gaming

Genting will break ground next year on long-stalled Echelon project

Islamic finance

Industry ready to move forward through much-awaited Islamic Financial Services Act

Legal services

Malaysia making moves to liberalise legal marketplace

Legislation

Banking tycoons won’t necessarily have to sell down stakes as a result of Financial Services Act

Beauty centres cannot provide services that involve injections of any kind

Real estate

New seven-storey Jaya Shopping Centre operational in Q4

Investors should avoid pure office REITs

Telecommunications

Celcom Axiata registers highest revenue in its history

DiGi.Com likely to outshine peers

Trade

Mafta starting to bear fruit

ASIA

Energy

India’s cash-strapped GMR divests 70% stake in Singapore power project

Legal services

King & Wood Mallesons wants to get Asia right first before next move

Retail

Deserted mall a symbol of China’s rapid urbanisation and runaway investment in real estate projects

AUSTRALIA

Insurance

Importance of ensuring policy wordings are carefully drafted

Intellectual property

Summary of main changes in relation to trademarks from 15 April

CANADA

Competition

Conditional approval for BCE-Astral Media deal

Intellectual property

Trademark rights do not flow from registration but from use

EUROPE

Autos

Fiat chief betting on Alfa Romeo to combat collapse in home market

Intellectual property

Poland, Bulgaria and Spain the only holdouts on new Unified Patent Court

GLOBAL

Insurance

Australian insurers lag behind international counterparts on social media platforms

Wealth

Mexican telecoms mogul tops Forbes list for fourth year in a row

Legal services

Rajah & Tann partner says Singapore firms poised to feel the heat

Oil and gas

Temasek lifts stake in Spanish oil group Repsol

UK

Earnings

StanChart set to report 10th successive record annual profit despite hefty fine

Media

British newspaper The Guardian hoping to increase American readership with ad campaign

US

Antitrust

Federal Trade Commission could decide on planned merger of mattress companies this week

Tax

Wegelin latest Swiss bank to fall prey to US crackdown on secret American bank accounts overseas

Technology

Facebook shareholder files lawsuit over botched IPO

Monday
Mar042013

4 March 2013, Monday

Airlines

Jetstar Asia looking to widen footprint in Malaysia

Autos

Gradual opening up will encourage new OEMs to invest

Banks

Profitability likely to continue into 2013, says S&P

Investments abroad pay off for Malaysian banks

RHB, JBIC team up on environmental preservation projects

Capital markets

FBM KLCI poised to gain further ground

BCorp and founder may list five companies this year

Hexagon, SPK-Sentosa and Global Carriers slip into PN17 status

Corporate governance

Collective effort of stakeholders necessary to sustain drive to improve CG

Employment

Pemandu CEO explains need for minimum wage policy

Energy

Cahya Mata Sarawak upbeat on growth prospects

Insurance

AmBank subsidiary gets new name

Legal profession

Bar Council in for an even more eventful year

Property

St Regis, Four Seasons, Ritz-Carlton, Banyan Tree and Harrods soon to be established in KL

Tax

Inland Revenue Board confident of meeting collection target

ASIA

Capital markets

China set to use swelling offshore holdings of renminbi to justify strategy shift

Legal services

India should consider allowing foreign law firms greater access

Oil and gas

Indonesia’s Pertamina seeks partnerships with foreign companies

AUSTRALIA

Banks

Fitch expects profit growth to come under pressure

Financial services

‘Significant Investor Visa’ may provide fund managers with an additional source of assets

Management

Lynas chairman stepping down as CEO at end-March

Telecommunications

Vodafone isn’t concerned about impact of class action

MIDDLE EAST

Banks

Citigroup closes M&A division

Barclays plans further expansion in MENA

Construction

Consolidated Contractors diversifying away from home turf

Islamic finance

Dubai hosting new asset management firm specialising in Islamic endowments

SINGAPORE

Telecommunications

New centre expands SingTel’s presence in Israel

UK

Corporate governance

Ex-CEO of Lloyds Bank stands out as an exemplar of bad CG

Earnings

HSBC expected to announce US$23 billion profit

Sport

‘Silent Stan’ not selling majority stake in Arsenal

US

Antitrust

Warning on widening investigations into auto parts manufacturers should put companies on notice

Technology

Apple’s US$1 billion award against Samsung nearly halved

Friday
Mar012013

1 March 2013, Friday

Airlines

Malaysia Airlines’ best quarterly results in two years

MAS, AirAsia cease talks

Autos

Reduction in excise duties should be implemented gradually

Banks

Central bank’s move aimed at improving integrity of rate-setting process

BNM policy on single counterparty exposure limit

Single counterparty exposure limit for commercial and investment banks

Single counterparty exposure limit for Islamic banks

Capital markets

Court of Appeal overturns decision by lower courts to acquit ‘Repco Low’

Revamped Rules of Bursa Malaysia Securities for brokers

Tradewinds joins list of companies being taken private

Earnings

Genting’s Q4 net profit triples on sale of power plant

Genting Malaysia downgraded

Record earnings for Telekom Malaysia

Islamic banking and finance

Sukuk market has improved, but still has its problems

Bank Islam explains alleged violations committed by suspended chief economist

Legal profession

Show-cause notices issued to retired judge and female lawyer

Legislation

Many aspects of Personal Data Protection Act 2010 still need to be ironed out

Property

Contracting out of standard S&P agreement can be an offence

Takaful

Another record breaking year for Takaful Malaysia

Tort

Defamation suit filed against former Inspector-General of Police

Trade

Malaysia losing its competitive edge

Wealth

NagaCorp founder a billionaire for the first time

Forbes Asia list

AirAsia boss a perfect fit for ‘The Apprentice Asia’

Qnet founder panned and praised

ASIA

Gaming

Philippines may surpass Singapore by 2018

Islamic banking

Final chapter for SME Bank and Islamic Bank of Thailand yet to be written

EUROPE

Competition

Microsoft may be fined before end-March

Trade

European Commission probes claims on dumping by Chinese solar glass producers

UK

Capital markets

British American Tobacco announces £1.5 billion share-buyback programme

Intellectual property

Six biggest ISPs forced to block illegal peer-to-peer websites

Possible for sub-licence to remain valid despite termination of head licence

US

Management

Groupon ousts its CEO

Pharmaceuticals

Doctors not warned of cancer risk associated with Actos

Thursday
Feb282013

28 February 2013, Thursday

Banks

Central bank issuing new rules on onshore reference rates for ringgit

Capital markets

Pan Malaysia Capital now a PN17 company

Earnings

Sime Darby’s Q2 net profit down 36%

TIME dotCom’s net profit more than triples

Education

UK’s University of Reading building its campus in EduCity

Investment

Investments at highest level in six years

FDI could exceed RM37 billion this year

Rebel investors will know today if gambit on Tradewinds Plantation pays off

British investors file suit against former Umno treasurer and IT company

Islamic banking

Bank Islam’s net financing rose by RM5 billion

Real estate

Employees Provident Fund and partners buy into British healthcare provider Spire

ASIA

Banks

China reins in shadow banking

StanChart fined US$168,500, ordered to fire employee

Intellectual property

Lessons from the Ku De Ta case

AUSTRALIA

Gaming

Tycoon may be lining up a bet on Sri Lanka

Telecommunications

Piper Alderman pressing ahead with suit against Vodafone

CANADA

Competition

Court of Appeal stays proposed class action alleging breaches of Competition Act

Employment

What not to do when conducting workplace investigations

Insurance sales brokers, independent contractors free to take books of business to competing firms

SINGAPORE

Customs

Cigarettes sold must bear new ‘Singapore Duty-Paid Cigarette’ mark from tomorrow

Employment

Former UBS traders sue for wrongful dismissal

Property

CityDev’s Q4 net profit up 53%

Potential double whammy for high-end developers

UK

Capital markets

Finance workers arrested on suspicion of insider trading

Competition

Helpful clarification of application of competition law on abuse of dominance in life sciences

Employment

Discrimination and wage-and-hour claims likely to dominate employment law landscape

Intellectual property

No reason why graffiti cannot benefit from copyright protection as artistic work

US

Bankruptcy

Once-venerable law firm Dewey & LeBoeuf officially dissolved

Technology

Apple CEO hints at returning some of company’s cash hoard