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Daily News

 

Thursday
Sep202012

20 September 2012, Thursday

Capital markets

Insider trading case against high-flying corporate lawyer begins

Competition

Half-day seminar on managing competition law compliance

Education

Implementation of blueprint key to making national schools popular again

Islamic finance

Sukuk market has become a crucial component

Governor’s speech

‘Emas’ Sukuk status for Axiata, Islamic Development Bank and Khazanah Nasional

CEO of Fajr Capital named second recipient of Royal Award

Publishing

Counsel applies for charge against Borders store manager to be struck out

Retail

Japan’s Aeon negotiating to buy Carrefour’s Malaysian business

ASIA

Business

Business sentiment at top companies declines for second consecutive quarter

Islamic finance

Indonesia could do worse than replicate Malaysia’s approach

AUSTRALIA

Banks

ANZ drops plan to acquire Hong Kong bank

Gaming

Genting Singapore cuts stake in Echo Entertainment

Insolvency

Fortescue Metals Group reaches US$715 million deal with US investment firm to repay loan

Intellectual property

Fundamental issues in patents, trademarks and copyright law

EUROPE

Antitrust

Apple, publishers offer to avoid fixing retail price of e-books in Europe for five years

Regulators preparing complaint over Microsoft’s failure to give users a choice of web browsers

NEW ZEALAND

Intellectual property

New trademark regulations by early December

Telecommunications

Effect of changes to the regulation of telecommunications

SINGAPORE

Legal services

Clifford Chance associates encouraged to take sabbaticals amid slowdown in Asian securities work

Mergers and acquisitions

Deal between Thais and Heineken ends two-month standoff

UK

Business

Zombie companies are tricky to get rid of

Judiciary

Less than a quarter of the professional bench in the UK are female

US

Antitrust

Agency’s investigation into Google completed by year-end

Universal Music likely to win EU approval for purchase of EMI labels this week

Wealth

Bill Gates tops Forbes’ list of 400 richest Americans for 19th consecutive year

Forbes' list

Wednesday
Sep192012

19 September 2012, Wednesday

Business

Three main legal pitfalls entrepreneurs should beware of

Capital markets

Bursa Malaysia, SGX start cross-border trading services

Institutional book for Astro opens today

Bandar Raya Development’s RM2.90 per share offer ‘reasonable but not fair’

Earnings

Employees Provident Fund’s Q2 investment income up almost 13.5%

Energy

Construction of Sarawak Energy’s backbone transmission system starting soon

Investment

Doubts about whether ‘eco-nature resort’ will be built

Islamic finance

Corporate Sukuk issuance expected to grow to RM90 billion this year

Global assets projected to grow 10%-15% in next three years

Recipient of second Royal Award for Islamic Finance known today

Industry needs balanced regulation

Legal profession

New law causing confusion among foreign lawyers

Mergers and acquisitions

M&A premium warranted if bidding war for F&N Holdings emerges

Property

30% of Menara Wawasan Merdeka reserved for developer and GLCs

TRX’s Grade A offices attract strong interest from multinational financial institutions

ASIA

Autos

Chinese approach to creating good-enough cars having a profound effect on cost bases

Retail

Parkson Retail Asia undeterred from expanding into Myanmar

SINGAPORE

Legal profession

Lawyer found guilty of breaching legal profession rules set to face disciplinary action

Mergers and acquisitions

Heineken on course to succeed in taking full control of APB

M&A space in SE Asia looking busy

UK

Capital markets

Lawyers warn altering how Libor is calculated could create confusion

More investors taking a less positive view of Man United’s performance off the field

Mergers and acquisitions

Britain’s most famous toy shop Hamleys sold for £60 million

Property

London developer hunting for New York prime real estate following UK tax increase

Friday
Sep142012

14 September 2012, Friday

Aviation

New LCCT KLIA 2 to kick off operations with 10 budget carriers

Energy

Palm oil companies rarely mention food vs fuel debate in annual reports, CSR reports or Web pages

Entertainment

Legoland Malaysia opens tomorrow; targets two million visitors

Human rights

Thousands of indigenous children not attending school

Infrastructure

Winning bid for Sungai Buloh-Kajang MRT known today

Islamic finance

Malaysia on course to reach RM1 trillion target of Sukuk issuances by 2020

Shariah-compliant instruments could become key funding source in GCC and Asia

HLIB and RHB joint runners for TH Plantations’ Sukuk Murabahah

Bank Islam plans RM1 billion Sukuk

Bank Islam shareholder Dubai Group sued

Legislation

Guidelines for Implementation of Minimum Wage Order 2012 finalised

Oil and gas

Dialog may invest RM10 billion in Pengerang LNG terminal

KL attempting to challenge Singapore’s dominance in commodity trading

Petronas’ IDRs affirmed at ‘A’

Change in shareholding of Asia Petroleum Hub should be allowed

Real estate

RM12 billion worth of REIT-able malls in Klang Valley

ASIA

Economy

New Zealand, Indonesia, Philippines and South Korea hold interest rates steady

Gaming

Casino building boom intensifies debate over social ills and perceived economic benefits

AUSTRALIA

Employment

Restraint clauses will be upheld in certain circumstances

Intellectual property

Tips on use of another trader’s trademark and what would constitute infringement

Automatic objection to trademark applications containing INN stem

Promotion and sale of Apotex’s generic versions of Merck’s Nasonex prohibited

EUROPE

Antitrust

Brussels may object to Hutchison 3G’s bid for Orange Austria

Capital markets

German insurer Talanx’s IPO called off on lukewarm investor interest

GLOBAL

Energy

Top four biofuels that may have a long-term potential to become commercially viable

Mergers and acquisitions

International M&A activity set to fall by 34% from 2011

SINGAPORE

Capital markets

Global Logistic Properties rises to a record

Financial services

Singapore attracting global firms

Mergers and acquisitions

Thai move could thwart Heineken’s efforts to acquire control of Asia Pacific Breweries

UK

Insolvency

Restructuring deal on Dubai Group debt could be jeopardised by legal action

Insurance

Fraudsters’ details stored on ‘Insurance Fraud Register’ for five years

Property

£300 million price tag for 45-bedroom mansion overlooking Hyde Park

US

Antitrust

US$1 billion fine recommended for AU Optronics

Economy

Federal Reserve announces plans to unleash more stimulus

Thursday
Sep132012

13 September 2012, Thursday

Banks

‘Australian officials knew of Securency scheme in 2007’

New internal documents contradict Australian bank governor

Capital markets

No regulatory approval yet for proposed Unico-Desa Plantations demerger

BAT and Nestlé still in a dead heat for most expensive stock

Education

Blueprint’s credibility difficult to ascertain without four reports

Far too many ‘Little Napoleons’ within and outside the system

Financial services

Malaysia Building Society closer to becoming full-fledged bank

OCBC Capital acquires Pacificmas’ majority stake in several subsidiaries

Insurance

Pacific & Orient can start talks with Sanlam

Legislation

Amend housing licensing law in tandem with proposed change to Strata Titles Act 1985

Oil and gas

Labuan used as hideout for Iran’s barrels of oil

Malaysia starts pumping oil from Gumusut deepwater oilfield

Taxation

GST? Not this year

Telecommunications

CMC Engineering sole bidder for Jaring Communications as three other suitors withdraw

ASIA

Antitrust

Toshiba reaches settlement in US price-fixing scandal

Banks

Maybank on GE’s list of potential buyers for stake in Thai lender

Telecommunications

Myanmar’s telecoms sector on the verge of a major shake-up

AUSTRALIA

Banks

Boards of foreign banks can be sacked in times of crisis under new proposals

Revenue

Commissioner of Taxation entitled to payment of tax debt in priority to mortgagee

Tax assessments of over AUD36 million upheld despite finding that they were incorrect

EUROPE

Food and beverage

Carlsberg sees challenging year ahead

Intellectual property

Polish website A.pl is Apple’s new target

SINGAPORE

Gaming

Resorts World Sentosa fined S$600,000 for breaching anti-gaming safeguards

Mergers and acquisitions

Fraser and Neave requests trading halt following S$9 billion cash offer

F&N deal would help ThaiBev diversify overseas

Real estate

RB Capital bulking up on assets; plans to list hospitality trust in next two years

UK

Autos

Le Mans-winning Aston Martin DBR1 is world’s most valuable British-made car

Banks

Plenty of jostling for position in race to replace BoE governor

Competition

Why OFT referred anticipated acquisition of Gala Casinos by Rank to Competition Commission

Sport

BT, BSkyB fighting over rights to broadcast top European club rugby matches

US

Antitrust

New investigation casts fresh light on Shipping Act

Insurance

Prudential Financial says ROE may be at least 18% outside US

Mergers and acquisitions

Airbus owner EADS in talks with British rival BAE Systems

Aerospace giants would probably enter into complex, dual-listed company structure

Technology

New iPhone is taller, thinner and lighter

Singapore, HK and Japan first Asian countries to sell Apple’s latest smartphone

Wednesday
Sep122012

12 September 2012, Wednesday

Airlines

Indonesian LCC Malindo taking off in May 2013

Malindo tickets to match ‘or maybe lower’ than AirAsia’s

Rivalry in local airline industry expected to intensify

Autos

DRB-Hicom may make Egypt its manufacturing base for MENA and Europe

Capital markets

Multi-Purpose rises after draft prospectus exposure for IPO

Prospectus exposure

Bourse closes lower amid continued speculation over 13th GE, global economic outlook

Education

National Education Blueprint focuses on six key ‘attributes’ for the student

Multi-faceted approach encouraged

Insurance

AIA front-runner to buy ING’s Malaysia and Thailand operations

Islamic finance

Mobile-phone operator Axiata prices world’s largest yuan-denominated Sukuk

S&P assigns 'BBB-' rating

Fund management company ASM Investment aims to be Shariah-compliant by 2014

Legislation

Proposed Allied Health Professions Bill available for public viewing next month

Export business taking Strategic Trade Act 2010 for granted

Mining

Perwaja Holdings hasn’t yet clinched Bukit Besi deal

Property

IJM Land-Amona Development JV to develop Kerinchi-Pantai Dalam area

Sector remains attractive despite economic uncertainties in Europe

Tort

Defamation suit involving property developer and author struck out

ASIA

Banks

Singapore much talked about, but Hong Kong still the preferred base for M&A bankers

Manufacturing

Apple partner Foxconn Technology faces renewed criticism over labour practices

Foxconn denies allegations

AUSTRALIA

Health

Cigarette makers may try to skirt branding ban due to start in December

Imperial Tobacco's partial plain packaging and motto condemned

Intellectual property

Three key things about parallel imports

EUROPE

Intellectual property

Bolder changes needed if it wants to build digital economy

EU commissioner concerned copyright is hampering culture

Islamic finance

Kuveyt Turk applying for German banking licence in October

Britain and France have done far more than Germany to promote growth

Monetary policy

Eurozone policymakers have, perhaps inevitably, done too little, too late

SINGAPORE

Banks

HSBC in talks to set up local subsidiary for retail operations

Foreign banks offering way higher FD interest rates to lure new customers

Capital markets

ARA Asset Management seeking S$800 million in city-state’s first dual-currency IPO

Revenue

S$51 million annual land value assessment for condo site slashed to S$27 million

UK

Insurance

Insurers could be caught up in fresh regulatory backlash triggered by banking scandals

Investment

China’s Huawei Technologies pumping in £1 billion

Technology

EE promises its 4G mobile broadband will be five times faster than 3G

US

Insurance

9/11 lawsuit demanding airlines be held liable for loss of property and business could go to trial

Tax

UBS whistleblower wins record-setting US$104 million reward

Technology

New iPhone 5 has to be more than just another smartphone

Big product launch could spell good news for a host of companies