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Daily News

 

Tuesday
Jan172012

17 January 2012, Tuesday

Autos

DRB-Hicom takes over driver’s seat in Proton

Lotus’ expensive turnaround plan, ‘excess fat’ in Proton priorities for new owner

DRB-Hicom biting off more than it can chew?

Banks

Gamuda in talks for multi-billion ringgit facility to finance mega projects

Capital markets

Pre-Chinese New Year rally unlikely

Elevator manufacturer EITA Resources receives SC approval to list

Entrepreneurship

E-retailer named one of Australian daily’s top 100 most influential people

Accidental entrepreneur with the Midas touch

Investment

Private investments expected to surpass RM83 billion target

Islamic finance

Islamic capital market must offer distinctive value proposition

First Malaysian-based international Islamic funds platform domiciled in Dublin

Familiarity of Mid-East investors with Asian Sukuk can be driving force for more issuance

Oil and gas

Petronas and Shell ink production-sharing contracts

Tax

Melaka shelves 5% heritage charge on hotel guests, replaces it with RM2 fee

ASIA

Capital markets

UBS to handle sale of Maybank’s stake in Bank Internasional Indonesia

Technology

Change of ownership at Olympus likely a gradual process

KPMG and E&Y cleared of blame for accounting fraud

Samsung Electronics enters bond market

CANADA

Climate change

Professor claims government’s withdrawal from Kyoto Protocol violates national law

Mergers and acquisitions

Ottawa appears to have dropped plans to clarify rules for foreign takeovers

EUROPE

Banks

All firms trying to ensure their models are viable, but few have opted for full-blown retreat

Insurance

Wrecked cruise liner Costa Concordia could be biggest insured loss in maritime history

Carnival Cruise Lines begins damage assessment

Disaster raises troubling issues about regulation of cruise industry

SINGAPORE

Capital markets

Lawsuit against Chinese nylon-fibre maker withdrawn

Earnings

SGX reports lowest profit since March 2009

UK

Banks

Japan’s Sumitomo Mitsui fends off competing offers to buy RBS’s aviation unit for US$7 billion

Insolvency

Practitioners set to pick up another windfall

Property

Long and bitter feud between millionaire neighbours takes expensive turn

US

Contract

Victims of ship disaster may be barred from suing for damages in the US

Legislation

High-profile websites go dark to protest against contentious Stop Online Piracy Act

SOPA could be scaled back or jettisoned entirely

Monday
Jan162012

16 January 2012, Monday

Autos

DRB-Hicom wins bid for Khazanah’s stake in Proton

Deep impact on national automotive industry

Capital markets

Proton, DRB-Hicom suspend trading

Can-One taking control of 33% stake in Kian Joo this week

Fate of PN17-status Maxbiz rests on outcome of court case next month

Sime Darby gets green light to intervene in legal challenge against Securities Commission

Judiciary

Judges may soon have to declare assets

Five-man panel for criminal and civil appeals in the Federal Court from January

Legislation

Bankruptcy Act 1967 should be reviewed

Real estate

M-REITs will face slower growth and competition for tenants

JCorp spending up to RM40 million on hotel upgrades

German fund in talks with Permodalan Nasional over sale of London buildings

Technology

Enterprise IT spending expected to expand further

Trade

European Union-Malaysia FTA by year-end

ASIA

Autos

Complete overhaul of Honda Motor’s flood-hit factory in Thailand

Insurance

Broker’s commission from insurer not illegal secret profit unless in excess of what is normally paid

AUSTRALIA

Airlines

Qantas under pressure to provide more details on Asian expansion

EUROPE

Insurance

Bailed-out ING seeking to alter business model

Mergers and acquisitions

Deutsche Boerse-NYSE Euronext merger looks seriously compromised

Competition regulators voting tomorrow

Mega merger may look dead, but there’s still a pulse

SINGAPORE

Capital markets

Singapore Exchange goes to court to enforce listing rules for the first time

Intellectual property

Only patents that meet full criteria will be granted under proposed ‘positive grant system’

Doctors have no valid legal claim on Mount Elizabeth trademark

UK

Employment

Test case could make it possible for employers to justify retiring staff at a certain age

Tort

How the English legal system helps the wealthy and powerful suppress inconvenient truths

US

Intellectual property

Canadian toymaker Mega Brands takes another swing at giant rival Lego

Technology

Next iPad will sport high-definition screen, faster processor

Motorola Mobility scores initial victory over Apple

Q4’s bottom line hurt by higher legal costs associated with ongoing IP litigation

Friday
Jan132012

13 January 2012, Friday

Airlines

AirAsia X scrapping unprofitable routes to Europe and India

Banks

CIMB seeks operating licence in Laos

Capital markets

Citibank advises investors remain defensive, recommends fixed-income

Earnings

Atlan’s Q3 net profit down 10%

Energy

Linde Malaysia investing RM600 million over next five years

Islamic finance

Malaysia could account for 60% of total global Sukuk issuance this year

Borrowers turning to Islamic finance as a source of money

Legislation

Council will decide on requirements for traditional and complementary medicine practitioner

Media

Telekom Malaysia expresses interest in digital terrestrial TV broadcasting

Mergers and acquisitions

Poser over takeover of Malaysia Building Society

Utilities

Tenaga Nasional receives RM1 billion as compensation

ASIA

Antitrust

Seoul court upholds watchdog’s decision to fine 16 airlines

Electronics rivals Samsung and LG fined for fixing prices of key home appliances

Banks

Wall Street and European banks looking to slash budgets across Asia

Lay-offs just the beginning, far worse to come

Capital markets

Thai AirAsia plans Bangkok listing in Q1

AUSTRALIA

Health

British American Tobacco lambasted for French kangaroo packaging

Property

Competition issues landlords need to be aware of

CANADA

Antitrust

International Cartel Workshop in Vancouver next month

Intellectual property

A busy year for copyright law

EUROPE

Consumer goods

Nestlé and Danone vying for Pfizer’s baby-formula unit

Insurance

ING abandons plans to roll up European and Asian assets into one IPO

SINGAPORE

Airlines

Singapore Airlines and SAS to deepen cooperation on flights

Property

IOI Properties unit submits top bid for Clementi condo plot

UK

Banks

RBS decision may kick-start wider shake-up in European investment banking

Lloyds a better bet

Competition

MPs don’t see need to transfer OFT’s powers on competition law to new watchdog

Legal education

Scathing report of law schools suggests they are not investing enough in their courses

US

Antitrust

Justice Department’s success may push Federal Trade Commission to get tougher

Intellectual property

Cautionary tale for enterprising merchandisers

Islamic finance

Goldman Sachs’ milestone Sukuk 'not Murabaha but a reverse Tawarruq'

Potential approvers have not seen prospectus

Technology

Kodak poised to fade away while long-time rival Fujifilm is thriving

Thursday
Jan122012

12 January 2012, Thursday

Airlines

AirAsia X mounting flights to Sydney by April, ahead of rival Scoot

Autos

UMW has no interest in taking over Proton; Tan Chong not bidding for stake

Banks

Drastic measures to adjust to reforms as required under Basel III

Capital markets

FBM KLCI struggles to stay in positive territory

Gaming

May be a year before Genting knows decision on Miami casino licence

Islamic finance

1Malaysia Development may sell Sukuk to part-finance KLIFD

Legislation

Exporters should heed US’ Unfair Competition Act

Mergers and acquisitions

RHB Cap and OSK seek central bank approval on merger

Kulim board likely to reject offer from Malay Chamber of Commerce

Drawback in MCC's offer

Property

PropertyGuru announces record results for 2011

Transport

Keretapi Tanah Melayu assisting MMC on due diligence

ASIA

Banks

ANZ eyes bigger share of wealth market

Technology

Olympus considers equity alliance with electronics giants Sony, Panasonic and Samsung

Tourism

Incheon Airport plans US$3 billion resort, medical centres, malls and entertainment facilities

AUSTRALIA

Banks

ANZ, Commonwealth Bank may bid for parts of Royal Bank of Scotland’s Australian unit

Insurance

QBE tumbles on profit warning

SINGAPORE

Intellectual property

DBS accused of infringing patent for currency identification system for credit cards

Real estate

Private-home construction demand projected to drop by more than half

Weakened sentiment in residential sector following new cooling measures

UK

Employment

Providing a reference for a departing or former employee can be a tricky task

Executive claims constructive dismissal after dispute over CV details on LinkedIn

Insurance

Scottish divers enjoy far better deals on car insurance

Metals

London Metal Exchange has two serious potential bidders so far

US

Employment

Why employers should adopt social media policies clarifying who owns a social media account

Gaming

Pari-mutuels’ demands could jeopardise destination gambling Bill

Intellectual property

California dismisses Malaysian oil company Petronas’ claims on cybersquatting

Wednesday
Jan112012

11 January 2012, Wednesday

Autos

Tan Chong Motor may be the dark horse in race for Khazanah’s Proton stake

Banks

CIMB likely to take up 60% stake in Philippines’ Bank of Commerce

Loan growth less robust, but still in double digits

Capital markets

Retail investors flooding the stock market in a big way

Commodities

Jeweller Poh Kong expects another year of growth

Economy

What is Malaysia doing to raise its economic game amid fast-increasing competition?

Franchising

Franchise industry to make up 9.4% of GDP by 2020, supported by strategic thrusts

Insurance

Zurich Insurance will resolve issue of dual presence

Islamic capital markets

HSBC Amanah Malaysia to introduce innovative Sukuk for retail investors

Registered Shariah advisers as at 31 December 2011

Mergers and acquisitions

Malay Chamber offers RM6.90 per share for Kulim’s 54% stake in QSR Brands

Payments

New coins in circulation from Monday

Property

UEM Land Holdings targets sales of RM3 billion

Tobacco

Retailers who sell contraband cigarettes may have licences revoked

Trade

Turnover between Malaysia and Kazakhstan could hit RM500 million

ASIA

Oil and gas

China, Malaysia and Japan could ramp up deep-sea O&G production

Retail

Selling to women in China a harder challenge for specialty cosmetics chain Sa Sa

Wealth

Total wealth of Hong Kong’s 40 richest declines 7%

Forbes list

CANADA

Mergers and acquisitions

Potential buyers in a holding pattern

EUROPE

Antitrust

Competition commissioner comes down against Deutsche Boerse-NYSE Euronext deal

Chief executives to discuss next steps

Romania’s oil companies fined for breaking rules

Autos

Fiat could bring on board a third partner before Chrysler IPO

SINGAPORE

Finance

Former trader sues Royal Bank of Scotland for wrongful dismissal

Real estate

CapitaLand-led consortium pumping in S$4 billion into Chongqing site

UK

Bankruptcy

British court annuls bankruptcy of former Irish tycoon

Corporate

Company’s articles of association will be considered like any other contract

US

Capital markets

Blue chips climb to highest level since July

Intellectual property

Apple and HTC accused of infringing technology related to digital photographs

Once-iconic Eastman Kodak tries to refocus as a digital company