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Daily News

 

Thursday
Mar132014

13 March 2014, Thursday

Airlines

Chinese satellite finds floating objects at sea along missing jetliner’s intended route

Search aircraft sent to check possible crash site

Traditional ‘black box’ unlikely to be replaced soon

Capital markets

Century Logistics rises on news of Felda talks to acquire significant stake

Insurance

High growth potential for non-life insurance

Insurance stocks down

Allianz Malaysia not lead insurer of missing MH370 aircraft

MAA awaits Australian approval of increased stake in Columbus Capital

Islamic finance

Securities Commission plans guidelines for ‘socially responsible’ Sukuk

SC 2013 Annual Report

Oil and gas

Sector could spend RM26 billion-RM30 billion in M&A and capital projects this year

Malaysia must quickly ramp up talent pool and technology

Handal Resources subsidiary secures UMW Petrodril contract

Property

Mah Sing acquires 34ha in Shah Alam for high-end project

Malaysia Pacific Corp settles AmanahRaya Development court judgment

Revenue

Inland Revenue Board aims to collect RM140 billion in taxes

Water services

Selangor reduces takeover offer; Syabas, Puncak Niaga and Splash may seek international arbitration

ASIA

Airlines

Cathay Pacific’s profit misses analysts' estimates

Insurance

Prudential strikes new 15-year deal with StanChart to expand existing partnership

Transportation

Thailand’s ambitious seven-year plan ruled unconstitutional

AUSTRALIA

Competition

Latest news and developments

Employment

Scaffolder terminated for failing to provide clear drug test by deadline

CANADA

Competition

Bureau probes allegations of anti-competitive agreement among construction firms

Employment

Terminating an employee via Skype

Intellectual property

Harley-Davidson’s Screamin’ Eagle trademark unlikely to cause confusion

SINGAPORE

Negligence

Swiss bank drops lawsuit against legal firm Allen & Gledhill

Real estate

Frasers Centrepoint wins approval to list hospitality REIT

New integrated projects set to enhance luxury residential property landscape

Sport

SingTel secures broadcast rights to World Cup 2014

UK

Employment

Dismissal not always a fair sanction for gross misconduct

Insurance

Prudential eyes Africa for next leg of growth

US

Mergers and acquisitions

Singer sewing machine company exploring sale

Technology

‘Candy Crush’ creator expects to be worth up to US$7.6 billion when it goes public

Flappy Bird may fly again

Wednesday
Mar122014

12 March 2014, Wednesday

Airlines

Search for missing Malaysia Airlines jet expanded into Andaman Sea

Technical data sent back to airline before disappearance

Investigators lack powers of a formal air safety investigation

Track record of co-pilot brought into question

MAS investigates report

Lack of a clear message risks undermining Malaysia’s image internationally

Allow only one spokesperson

Capital markets

Malaysia ready to shift into next phase of growth trajectory

Securities Commission's statement

Healthcare

IHH Healthcare considering A$5 billion offer for Australia’s Healthscope

Insurance

Manulife wants to be among upper ‘middle five’ life insurers by 2016

Islamic finance

StanChart Saadiq bullish on growth from Islamic banking, SME segments

Mining

Lynas facing challenges of growing costs as its ramps up production in Kuantan

Oil and gas

Deleum proposes bonus issue, share split

Destini acquires Kejuruteraan Samudra Timur unit

Property

Malaysia a new investment destination for Chinese developers

Sedition

Senior lawyer fined RM4,000 for questioning removal of Perak MB

Telecommunications

Tajudin Ramli and brother fail to strike out civil suits filed by Celcom

Water services

Putrajaya invokes s 114 Water Services Industry Act 2006

Financial analysts caught off guard

Water ration exercise 'stupid and inconsiderate’

ASIA

Energy

On third anniversary of Fukushima disaster, Japan divided over return to nuclear power

Telecommunications

Indonesia’s XL Axiata obtains loan to finance acquisition of Axis Telekom

AUSTRALIA

Employment

Former majority owner and sole director fined A$28,000 for underpaying staff

Pharmaceuticals

Australia told to expand poppy growing industry beyond Tasmania

Property

United Overseas Australia taking up 80% stake in Myanmar company

Telecommunications

Telstra loses case against ACCC and rival ISPs

EUROPE

Insurance

Zurich Insurance trimming headcount

Telecommunications

Multiple factors fuelling consolidation drive

GLOBAL

Autos

Audi overtakes BMW in luxury sales

Technology

Inventor of World Wide Web sees need for online ‘Magna Carta’

SINGAPORE

Financial services

Shrinking brokerage industry set to get even smaller

Property

PropertyGuru may list in Singapore or Australia

US

Intellectual property

Imperial Tobacco unit sues Lorillard, Vapor among other e-cigarette manufacturers

Investment

Baron Capital now holds 2.5% in Man United

Tuesday
Mar112014

11 March 2014, Tuesday

Airlines

Search area for missing Malaysia Airlines jet expanded

Boeing specialists limited in the help they can provide

Technological search methods will increasingly come into play

No theory can be ruled out

Loss of 20 key Freescale Semiconductor s raises questions about travel risks

Capital markets

Japan’s Toyota Tsusho offers to purchase 51% of Kian Joo

Shares of MAS could remain under pressure for a while

Competition

Approved permits: MyCC has a role in ensuring competitive process is protected

Construction

Lafarge Malaysia spends RM20 million on new ready-mixed concrete batching plant

Earnings

Berjaya Auto’s Q3 profit up 376% to RM30.6 million

Energy

YTL Power, partner did not meet criteria for Project 3B plant

Insurance

Malaysia Airlines a client of Allianz and Willis

Tune Ins invests in Thailand’s Osotspa

Islamic finance

Sumitomo Mitsui starts Shariah-compliant business here

Property

Berjaya Philippines acquires controlling stake in RBW

PKNS Holdings appeals against High Court ruling

REHDA proposes gradual implementation of 6% GST

Takaful

Takaful Ikhlas confident of surpassing 2013 revenue

Tort

Actress claims former assistant defamed and humiliated her on Instagram and Twitter

Water services

Puncak Niaga and Gamuda spurn Selangor’s latest offer

ASIA

Natural disasters

Nearly 270,000 people remain displaced three years after Japanese quake

Reconstruction plans taking shape, but shortages of skilled workers and materials delaying work

Telecommunications

Indonesia approves proposed XL Axiata-Axis Telekom merger

AUSTRALIA

Airlines

Tigerair expanding its reach over coming months

Employment

Relationship between ‘negligence’, ‘gross negligence’ and ‘serious misconduct’

SINGAPORE

Commodities

Singapore, China to collaborate on commodity trading

Insurance

Conditional approval for Maybank’s Etiqa

UK

Capital markets

Foreign currency specialist Travelex looking at £1 billion London listing

Employment

Former UK lawyer at ABN Amro was unfairly fired

Insurance

Financial Conduct Authority to force major shake-up of £4 billion add-on market

US

Airlines

British Airways sees room to grow in US

Capital markets

Greek yoghurt maker Chobani wants to sell minority stake

Intellectual property

Discount retailer Target accused of infringing Swatch’s watch designs

Mergers and acquisitions

Chiquita Brands, Fyffes merging to create world’s largest banana supplier

Monday
Mar102014

10 March 2014, Monday

Airlines

Navies from Vietnam, Thailand pursuing new leads in disappearance of MH370

Air safety and anti-terror authorities stumped about direction of probe

MH370 may have disintegrated in mid-flight

Possible causes for plane disappearing

Timeline of events

Airlines from Indonesia and Thailand flying into SkyPark Terminal in H2

Capital markets

Malaysian Airline System shares hit record low

Federal Court decision in Pesaka Astana bonds case takes ‘caveat emptor’ principle to new heights

Corporate

UMW’s lubrication business set to be new growth driver

Energy

Announcement of new degression rates for RE sources at upcoming summit

Food and beverage

Texas Chicken focusing on Klang Valley

Gaming

Genting reportedly close to securing casino venture in Sri Lanka

Insurance

New framework will curtail product pushing

Oil and gas

Indian Oil takes up 10% stake in Petronas’ Pacific NorthWest LNG project

Plantations

MidEast is potential new market for Sarawak’s palm oil products

Property

IJM, DNP, Ideal United Bintang and E&O among developers set to launch new projects in Penang

Technology

Loss-making HeiTech Padu on track for turnaround

K-One expects to continue profit trajectory in FY14

Water services

Puncak Niaga, Splash, Syabas and Konsortium Abass must decide today on Selangor offer

ASIA

Antitrust

Google faces US$5 billion penalty in India

E-commerce

Tencent buys into JD.com; move challenges China’s Alibaba

AUSTRALIA

Competition

ACCC concerned about anti-competitive potential of tie-ups between telcos and Internet giants

Dispute resolution

Further clarity on interpretation of ‘reasonable endeavours’

Insurance

Wesfarmers to sell insurance broking business via IPO

EUROPE

Competition

German F&B company Oetker faces €190 million fine

French press group Editions Philippe Amaury fined €3.5 million

Legal services

Sports retailer Nike helping to set new trends

SINGAPORE

Investment

Temasek morphing into leaner form

Tort

Ex-director’s claims of defamation dismissed on grounds of justification and qualified privilege

UK

Conveyancing

Conveyancer’s conduct taken into account

Tax

HMRC may take closer look at Amazon’s structure

US

Autos

Last surviving grandchild of Ford Motor founder dies of pneumonia

Aviation

No reason Malaysia Airlines tragedy should affect Boeing unless mechanical flaw found

Friday
Mar072014

7 March 2014, Friday

Aviation

Malaysia Airports Holdings planning another satellite building at KLIA

klia2 may open without AirAsia

Capital markets

Genting Plantations among top gainers

Ho Hup submits application for upliftment from PN17 classification

Financial services

Deutsche Bank wants to sell 13.8% stake in K&N Kenanga Holdings

Islamic capital markets

Employees Provident Fund studying viability of standalone Islamic pension fund

Abu Dhabi’s First Gulf Bank will raise RM3.5 billion via Sukuk

Legal profession

Senior lawyer who allegedly drafted contentious SD under investigation for professional misconduct

Legislation

Proposed National Harmony Bill may have new name

Media

DurianFM sister radio station makes debut

Monetary policy

Bank Negara Malaysia holds OPR as expected

Central bank’s statement

Property

Kajang primed for higher-end products

Telecommunications

Telekom Malaysia teams up with global telcos on new continental submarine cable system

DiGi Telecommunications allocates up to RM900 million in capex

Tort

TV3 seeks to have Court of Appeal decision in favour of former Perak MB set aside

ASIA

Airlines

AirAsia India aims for May take-off

Management

Japan’s Nomura chooses first female head for banking unit

Real estate

Reign of Chinese ‘land kings’ coming to an end

AUSTRALIA

Construction

Tips when negotiating contracts

Intellectual property

Australian music label picks copyright fight with Harvard law professor

SINGAPORE

Dispute resolution

Creation of SIMC, SICC will boost nation’s global standing as international DR hub

Mergers and acquisitions

Mitsubishi UFJ moving M&A bankers from brokerage arm to local commercial banking unit

Technology

Start-ups could find a new home in Singapore

UK

Auditing

Barclays ending 120-year relationship with PwC

Competition

New regulator makes small business lending market its first major ivnestigation

Insurance

Aviva profit beats analysts’ estimates

First CEO in ages to exceed expectations

Intellectual property

Discount rival ride-on ‘Kiddee Case’ did not infringe Trunki’s Community Registered Design

US

Antitrust

DoJ boss recuses himself from review of cable merger

Bankruptcy

Top brass of once-high-flying Dewey & LeBoeuf charged with ‘blatant’ US$200 million fraud

Indictment paints portrait of law firm being run like a criminal enterprise

Dewey didn't cook its books to well-done

Technology

Newsweek claims to have tracked down Bitcoin’s creator

Nakamoto denies involvement with digital currency

Apple’s request for permanent sales ban against older Samsung smartphones turned down