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Daily News

 

Friday
Jan182013

18 January 2013, Friday

Airlines

One more JV on the cards for AirAsia

Entry of Malindo Airways not a threat to AirAsia’s expansion plans

Banks

OSK IB the right match for RHB

Capital markets

Privatisation of KFC Holdings, QSR Brands will be completed on Monday

Investors should exercise caution in trading of Patimas Computers

KNM revises expected date for Borsig listing on Singapore Exchange

Companies

Companies Commission of Malaysia Practice Note No 15/2012

Competition

MyCC steps up fight against bid-rigging

Employment

New minimum wage policy could drive small and medium-sized employers out of business

Graft

Proposals to strengthen powers of Malaysian Anti-Corruption Commission applauded

Committee plans 'corporate liability' clause to MACC Act

Insurance

Sun Life and Khazanah Nasional buy 98% of CIMB Aviva for RM1.8 billion

AmBank looking to sell stake in insurance arm by June

Investment

Investors have begun taking some money off the table with an eye on GE13

Khazanah Nasional’s portfolio value swelled to RM121.6 billion at end-2012

Khazanah looking at new collaborations between subsidiaries and private sector

Islamic finance

Aberdeen Islamic Asset launches two funds

Legislation

Hong Leong Financial, CIMB and RHBCap will be affected by Financial Services Bill 2012

Oil and gas

First onshore discovery in 24 years

Perisai Petroleum Teknologi projects double-digit growth in net profit

Societies

Sarawak National Party deregistered

ASIA

Banks

Active and expected M&A deals in SE Asia could overtake 2001’s record US$16.9 billion

Economy

Beijing may need to keep tweaking policy to support growth

AUSTRALIA

Capital markets

High standard of care on financial advisers where investors are relatively unsophisticated

Competition

Competition commission won’t allow price floor on electrical goods

UK

Employment

Employee’s contractual obligations during ‘garden leave’

Financial regulation

Financial Conduct Authority must focus on increasing competition in banking sector

Technology

Google building new HQ in London

US

Capital markets

Norwegian Cruise Line seeking US$424 million in IPO to pay down debt

Media

TV network CBS converting outdoor advertising unit into a REIT

Pharmaceuticals

Drugmakers look to emerging markets for growth

Thursday
Jan172013

17 January 2013, Thursday

Aviation

Malaysia Airlines should hedge its bets on other alliances

Malaysia Airports one of three final bidders for London’s Stansted

Banks

Already stiff competition in IB industry set to intensify

Capital markets

‘Plain vanilla’ offerings will soon be spiced up

Westports Malaysia not listing this year

Construction

Construction Industry Development Board alleges negligence in renovation works at bungalow

Corporate

DRB-Hicom hints at more acquisitions and ventures

Economy

Malaysia in PwC’s ‘World in 2050’ report for the first time

PwC report

Islamic banking and finance

Affin-Bank Muamalat talks extended

Bank Muamalat awaiting approval on collaboration deal with Pos Malaysia

Next Sukuk to fund Sungai Buloh-Kajang MRT may be in March

Two-day conference on Islamic wealth management begins 6 March

Oil and gas

Petronas expected to award more RSCs for development of marginal fields

Property

Planned projects will catapult DRB-Hicom into a major player

ASIA

Bankruptcy

SingTel associate Telkomsel wins appeal in Indonesia

No impact on Baa1 ratings and stable outlooks of Telkomsel and parent

Islamic finance

Sukuk Bill will raise Hong Kong’s profile in fast-growing market

Telecommunications

Alcatel-Lucent awarded eight-year contract to manage Reliance networks in India

AUSTRALIA

Airlines

Interim approval for Qantas-Emirates alliance

Economy

Australia could be out of world’s top 20 by 2050

EUROPE

Autos

Market for new cars at its weakest in two decades

Financial services

Tougher transparency standards for credit rating agencies

FAQ on new rules

SINGAPORE

Biotechnology

Amgen plans US$200 million antibody manufacturing facility

Financial services

Panel proposes measures to put financial advisory industry on stronger footing

UK

Competition

Office of Fair Trading probes training services to construction sector

Employment

Check-in operator should not have been prevented from wearing cross at work

Legitimate concerns about health and safety may be sufficient to justify restrictions on what employees can wear

Islamic finance

Gatehouse Bank completes sale of Procter & Gamble’s HQ in £34 million deal

US

Earnings

JPMorgan Chase, Goldman report surge in profits

Sport

Disgraced cyclist expected to deny he forced teammates to dope along with him

Legal inferno awaits if Armstrong admits everything

Wednesday
Jan162013

16 January 2013, Wednesday

Autos

Perodua in expansion mode; investing RM2 billion over four years

Banks

E-banking losses declined last year

Assistant governor’s speech

Capital markets

Malaysia likely to have ‘favourable’ 2013 after ‘very good’ 2012

Bloomberg interview

Islamic banking and finance

Bank Islam suspends chief economist

DRB-Hicom hopes to complete dilution of 30% stake in Bank Muamalat within six months

Law Harmonisation Committee report out soon

Legal education

Attorney-General and Bar Council setting up taskforce

Property

Federal Court allows PPP’s appeal

Emkay may announce project in Cyberjaya within weeks

Retail

Aeon investing RM100 million to refurbish and rebrand Carrefour outlets

ASIA

Property

Singapore and Hong Kong curbs meant to cool but not collapse market

Telecommunications

Myanmar gauging telco interest in nationwide licences

Axiata only Malaysian telco thus far to signal interest

AUSTRALIA

Media

British daily The Guardian launching digital edition

Real estate

Property trusts set for ‘big year’ of M&A

SINGAPORE

Airlines

Jetstar Asia still struggling eight years after it was established

Dispute resolution

Pertinent for financial institutions to be aware of possible duty of care to investors

Gaming

Marina Bay Sands, Resorts World Sentosa fined S$230,000

Mergers and acquisitions

SIC intervenes in tussle for Fraser and Neave; sets Sunday deadline for raised bids

UK

Competition

‘Follow on’ damages actions may be based on tort of conspiracy to use unlawful means

Intellectual property

Useful guidance on the determination of an account of profits

US

Intellectual property

Russian Railways sues Apple for alleged trademark infringement

Agence France-Presse, Washington Post infringed photojournalist’s copyrights in using images he had posted to Twitter

Technology

New versions of iPad, iPad mini may be out in March

Tuesday
Jan152013

15 January 2013, Tuesday

Autos

Japanese marque Toyota closing in on Proton

Where is Proton headed?

Aviation

YTL, Malaysia Airports Holdings offer RM5 billion for UK’s Stansted airport

Banks

Maybank increasing number of branches in Cambodia

Capital markets

Hong Leong Capital surges to five-year high on buyout offer from parent

GW Plastics now a PN17 company

Former director loses appeal against conviction and sentence for securities fraud

Economy

Sarawak could be among top three contributors

Islamic banking and finance

Strong demand will ensure Sukuk issuance increases in 2013

Bank Islam’s chief economist faces possible disciplinary action

Mergers and acquisitions

UEM Group said to be in advanced talks to acquire highway operator Sprint

Tort

Defamation suit filed by LHAG partner against Star Publication settled out of court

Star apology

ASIA

Banks

Morgan Stanley trimming 15% of investment banking positions in Asia

Islamic finance

Shariah-compliant loans could help Indonesia narrow gap with neighbour Malaysia

AUSTRALIA

Corporate

Big share of Australia’s business world now in the hands of multinationals

Mergers and acquisitions

Surfwear company Billabong up on news of second bidder

EUROPE

Antitrust

Dutch delivery firm TNT’s future in doubt as UPS drops US$7 billion bid

US$55 million in bank fees wiped out

Telecommunications

Revenues for wholesale market steady between 2010 and 2011

SINGAPORE

Dispute resolution

Boundaries to challenge enforcement of an international arbitration award with seat in Singapore

Mergers and acquisitions

OUE-led group extends offer to take over Fraser and Neave until Monday

Property

Singaporeans may look for acquisitions abroad

UK

Bankruptcy

Music over for retailer HMV

Banks

RBS faces £500 million fine over Libor allegations

Property

Strong investor interest in Battersea Power Station luxury homes

US

Mergers and acquisitions

Swatch takes over watch and jewellery business of Harry Winston

Technology

Dell in talks with private equity firms on potential buyout

Monday
Jan142013

14 January 2013, Monday

Capital markets

Malaysia needs to start broadening its capital markets

Hong Leong Capital may be taken private

Construction

Specialised court in Kuala Lumpur and Shah Alam soon

Corporate

RAM Ratings monitoring developments at Bernas

Insurance

Khazanah Nasional and Canada’s Sun Life to buy CIMB Aviva

Allianz expanding agency and bancassurance channels

Islamic finance

Sime Darby wins approval to set up US$1.5 billion Sukuk

Multi-currency Sukuk rated higher than Malaysia’s sovereign rating

Legal profession

Overall pass rate for Certificate in Legal Practice exam plunged to 40.8% last year

Bar Council calls for establishment of new institutions and further reformation of laws

Legislation

Medical device products must be registered by July

Mergers and acquisitions

Afta will open up deals between regional and international express carriers

Plantations

Sime Darby assigned IDRs of ‘A’

Property

Prominent corporate figures jointly undertaking development project in Iskandar Malaysia

Tax

‘No rush to implement goods and services tax’

Technology

Sector in for another dull year

Transport

Scomi Engineering eyes new projects in Asia, South America

ASIA

Commodities

Indonesia may slash export taxes on CPO to compete with Malaysia

Wealth

Li Ka-shing still Hong Kong’s richest man

Forbes Asia list

EUROPE

Autos

VW prepares for tougher competition and more uncertainties

Local automakers starting 2013 with a whimper instead of a bang

Telecommunications

Reforms for pan-European telecoms market will be set out this year

SINGAPORE

Competition

Coca-Cola Singapore amends supply agreements to remove potentially anti-competitive provisions

Intellectual property

Novartis closer to fending off moves by Malaysian unit of Ranbaxy

Property

New measures may drive prices lower for first time in five years

Singapore increases tax on foreign buyers

UK

Oil and gas

Royal Dutch Shell and Esso accused of engaging in ‘predatory pricing’

Property

Redevelopment of Battersea project may be completed earlier than expected

US

Banks

Quarterly results out this week

Intellectual property

Warner Brothers wins copyright battle with heirs to creators of Superman

Real estate

Newspaper properties attracting developers