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Daily News

 

Thursday
Oct242013

24 October 2013, Thursday

Autos

McLaren Automotive opens flagship showroom

Perodua confident can meet year-end sales target

Biotechnolgy

Johor aiming to lead country’s initiative

Capital markets

Bursa Malaysia’s Q3 net profit up 27%

Constitutional law

Malaysia’s image undermined by court ruling

Dispute resolution

Government seeks to strike out controversial RM2 billion suit

Healthcare

Ara Damansara Medical collaborates with US-based Companion Global

AirAsia boss planning low-cost hospital

Legislation

Anti-Money Laundering and Anti-Terrorism Financing Act 2001 to be amended

Assistant governor’s speech

Oil and gas

Exim Bank funding Markmore Energy’s purchase in Kazakhstan

Property

Malaysia Aica diversifies into property development and investment

MK Land lines up RM7 billion worth of projects

Fullyard investing RM250 million in commercial projects in Sibu

Protasco to build apartments for government servants in Putrajaya

Publishing

Author of March 8 loses final legal bid to have book ban lifted

Venture capital

Cradle Fund teams up with MyEG Services

ASIA

Financial services

Hong Kong’s DeVere facing down accusations of mis-selling and bad practice

Gaming

Japan fleshes out plan to legalise casinos; Wynn, MGM and Las Vegas Sands eye Tokyo, Osaka

Investment

Franklin Templeton plans India’s first Europe-focused mutual fund

Retail

Courts Asia hoping to tap Indonesian market with first store in West Java

AUSTRALIA

Banks

Fitch affirms ratings of ANZ, CBA, NAB and Westpac

Intellectual property

Iconic brewer CUB defeats serious challenge to heritage beer brands

CANADA

Insurance

Sun Life expects to become profitable in China in 2015

Technology

Former Apple CEO explores joint bid for beleaguered BlackBerry

Telecommunications

Telus to buy struggling Public Mobile, subject to approval from Competition Bureau

SINGAPORE

Banks

Long-term IDRs of DBS, OCBC and UOB affirmed at ‘AA-’

Capital markets

Thai billionaire paring majority stake in Fraser and Neave

Real estate

M&L Hospitality Trusts may seek listing in Australia

UK

Competition

Office of Fair Trading reviews market for undergraduate higher education

Employment

Former paralegal’s claim against Linklaters dismissed

US

Employment

Condé Nast ending internship programme after being sued by former interns over low pay

Technology

Apple didn’t infringe Wi-Lan patent

Wednesday
Oct232013

23 October 2013, Wednesday

Banks

Indonesia’s Mandiri finds BNM requirements ‘too restrictive’

Capital markets

Construction and Islamic finance-related stocks among biggest beneficiaries ahead of Budget 2014

Earnings

Malaysia Marine and Heavy Engineering posts higher pre-tax profit

Malaysia Building Society’s profit up on higher income from Islamic banking, conventional business

Public Bank posts Q3 net profit of RM1 billion

Economy

Budget 2014 unlikely to make drastic cuts to subsidies

Legislation

Penal Code (Amendment) Bill passed

10 laws to be amended

Oil and gas

SapuraKencana Petroleum advances to four-month high after Newfield purchase

Sumatec’s major shareholder making comeback to corporate sector

Plantation

Kuala Lumpur Kepong may take up stake in Equatorial Palm Oil

Real estate

Malaysian firms buying up London properties at inflated prices

Telecommunications

M&A Securities maintains ‘overweight’ call on sector amid buoyant outlook for data

Axiata plans to undertake IPO of telecom towers

ASIA

Gaming

Sri Lanka to alter tax concessions granted to Crown for US$400 million integrated resort

Hedge funds

JPMorgan Chase unit Highbridge Capital starts Asia hedge fund

Skincare

Japan’s Kanebo gets more than 15,000 complaints on whitening products

AUSTRALIA

Competition

Handshake deal over a meal enough to establish price fixing agreement

Insurance

Frequency and cost of global catastrophes on an upward trend

SINGAPORE

Real estate

Temasek sells entire direct stake in Keppel REIT

Trade

Singapore becomes third offshore yuan hub after Hong Kong and London

US

Accountancy

Deloitte & Touche censured

Banks

US government getting less than it appears in JPMorgan Chase deal

Capital markets

Blackstone-controlled American Petroleum Tankers files for IPO

Technology

Apple unveils new iPad mini, iPad Air

Apple TV with 65- and 55-inch screens may be out next year

Tuesday
Oct222013

22 October 2013, Tuesday

Accountancy

HB Global seeking legal advice on action against previous auditors

Capital markets

Vibrant capital market now equivalent to 2.5 times current GDP

Constitutional law

Putrajaya in ‘damage control’ mode on Herald case

Dispute resolution

RM260 million suit against Petronas unit

Investment

China investing RM800 million in Tasik Kenyir next year

Iskandar Malaysia may surpass target for 2013

Islamic finance

MidEast countries can learn from Malaysia’s framework on green tech

Oil and gas

PetGas’ earnings stable and secure

Real estate

Construction of Mid-Valley Southkey Megamall should be completed in late 2016

Axis REIT’s Q3 net profit up 90%

Takaful

Expansion is slowing, but still poised to sustain double-digit growth

M&A activities expected due to Islamic Financial Services Act 2013

Telecommunications

Maxis Communications pumps in RM3 billion into Aircel

Tobacco

Illicit cigarette trade biggest challenge for industry

ASIA

Banks

Bank Internasional Indonesia sees potential in India

Intellectual property

Thai coffee stall owners sued for £6,000 over green-and-white Starbung logo

Starbucks roasted over pricey coffee in China

Oil and gas

BHP Billiton exits India

Real estate

Rents for luxury homes in Hong Kong and Singapore down for a third year

AUSTRALIA

Employment

High-income earning senior manager could not advance claim in unfair dismissal

Real estate

Axa Real Estate to buy ‘A-grade’ office buildings in Sydney and Melbourne

CANADA

Mergers and acquisitions

Maple Leaf Foods may sell controlling stake in Canada Bread Company

Technology

Intellectual-property hoard central to BlackBerry’s effort to entice bidders

SINGAPORE

Capital markets

ValueMax could be first pawnbroking chain to list on mainboard of Singapore Exchange

Financial services

Blackstone seeks more investments in SE Asia

Legal services

UK firm Clifford Chance rebuked over misleading statements on scope of work

Mergers and acquisitions

Petra Foods in dispute with Barry Callebaut after proposal to reduce closing price

UK

Capital markets

Merlin Entertainments offering at least 20% of its shares in IPO

Dispute resolution

Parties must take care when negotiating terms of a deal

Intellectual property

Time to rethink trademark law

US

Gaming

Caesars Entertainment pulls out of US$1 billion JV in Boston

Real estate

Fashion tycoon listing duplex atop Plaza Hotel for US$80 million

Monday
Oct212013

21 October 2013, Monday

Aviation

Better infrastructure needed to support robust growth

LCCs luring more passengers

Capital markets

Some proceeds from Caring IPO going towards new community pharmacies

Competition

AirAsia appeals against RM10 million fine by MyCC

Energy

Mudajaya seeks consortium partner to bid for ultra mega power plant projects in India

Intellectual property

Tattoo design might be covered by copyright laws

Islamic finance

DanaInfra Nasional issuing second Sukuk of RM100 million this month

Plantation

FGV’s proposed buyout of remaining 51% stake in Felda Holdings detrimental to owners

Real estate

Upside in Asian REITs that focus on logistics warehouses

Hospitality sector continues to attract interest of international hotel operators

Taiping houseowners who lost properties ready to move on

Tax

Pemandu CEO attempts to dispel some myths associated with GST

Introduction of GST won’t automatically make everything more expensive

Tort

High Court rules in favour of LHAG partner in suit against MACC and New Straits Times

Trade

South Korea signs three-year bilateral currency swap deal with Malaysia

Central bank’s statement

ASIA

Airlines

Vietnam’s fledgling airline industry poised for a boom

Beverages

Japanese makers struggling to gain foothold with green tea products

Insurance

Asia becoming a larger source of revenue for Canada’s Sun Life

AUSTRALIA

Franchising

ACCC to crack down on franchisors in take-away food and fitness industries

Circumstances in which a franchisor may fall foul of exclusive dealing prohibitions

Gaming

Queensland seeking to emulate Singapore

SINGAPORE

Capital markets

Blumont, Asiasons Capital and LionGold surge as curbs are lifted

Gaming

Marina Bay Sands enjoys surge in profits

Property

New private residential launches could be back in full swing

UK

Capital markets

Madame Tussauds and Legoland owner Merlin Entertainments could be next to float

Employment

Former special needs teacher unfairly dismissed by Watford school

Energy

Britain set to sign deal for first nuclear plant in Europe since Fukushima disaster

Mergers and acquisitions

Charterhouse Capital Partners may make £1 billion offer for unit of security firm G4S

US

Antitrust

Office Depot-OfficeMax merger unlikely to substantially lessen competition

Real estate

JPMorgan Chase sells steel skyscraper to Fosun for US$725 million

Technology

Motorola Solutions exploring sale of underperforming wireless LAN business

Friday
Oct182013

18 October 2013, Friday

Capital markets

Shares of Westports Holdings rise on debut

Connection with Asia’s richest man a competitive advantage

Competition

Malaysian Airline System lodges written representation with MyCC

Financial services

Gain insights into new trends and developments at two-day IFCTF

IFCTF programme

Insurance

Pacific & Orient’s IFS rating affirmed at ‘BBB+’

Islamic finance

Khazanah Nasional issues S$600 million exchangeable Sukuk

Cagamas expected to sell up to RM3.8 billion worth of Sukuk by year-end

BIMB clears final hurdle to acquire remaining 49% stake in Bank Islam

Oil and gas

UMW Oil & Gas in talks to charter out Naga 5 jack-up rig

Brazil a springboard for SapuraKencana

Property

Industry players’ wish list for Budget 2014

KPJ Healthcare in conditional agreement to acquire Menara 238

Consider cost, simplicity of use before investing in a home security system

Trade

Cost benefit analysis on effects of TPPA ‘too simplistic’

ASIA

Gaming

Sands China posts 89% jump in Q3 profit

Las Vegas Sands’ Q3 profit beats analysts’ estimates

Insurance

AIA’s new business value increases to a record US$379 million

AUSTRALIA

Gaming

Crown confirms talks to develop US$400 million-plus casino resort in Sri Lanka

Mergers and acquisitions

Milk processor joins three-way contest for Warrnambool Cheese & Butter Factory

CANADA

Construction

‘Pay-when-paid’ or ‘pay-if-paid’ clauses unlikely to disappear anytime soon

Technology

Chinese computer maker Lenovo likely to pursue parts of BlackBerry

EUROPE

Insurance

European Union close to finalising Solvency II

Mergers and acquisitions

L’Oréal in exclusive talks to acquire Decleor and Carita from Japan’s Shiseido

Real estate

Billionaire owner of Digicel aims to sell as many as 45 homes within Spanish golf resort

SINGAPORE

Capital markets

Blumont secures new funding from Platinum Partners

Singapore Exchange’s Q1 profit up 24%

Real estate

PropertyGuru tests property watchers’ ability to estimate value of the Istana

OUE Commercial Trust acquiring Lippo Plaza in Shanghai ahead of 2014 listing

UK

Banks

Test case on Libor manipulation could open floodgates for lawsuits against banks

Court of Appeal decides case regarding sale of interest rate swap for first time

Construction

Beneficiary of collateral warranty may now bring adjudication proceedings against warrantor

Gaming

Rank Group anticipates operating profit to be marginally below expectations

Private equity

Family owners of Dr Martens on verge of £300 million windfall

US

Banks

Singapore investors may pursue suit against Morgan Stanley as a class

Earnings

Earnings growth expected to come in at just 1.9% for Q3

Philip Morris’ Q3 profit up 5%

Hedge funds

Barington Capital wants Darden Restaurants to spin off Olive Garden and Red Lobster chains

Technology

Apple’s iOS 7 getting big boos

Google’s growth rate slowing