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Daily News

 

Friday
Jul242015

24 July 2015, Friday

Autos

BMW Malaysia’s motorcycle division hopes to breach 1,000 vehicle sales mark

Banks

CIMB anticipates challenging H2

Search is on for new CEO of CIMB Islamic

Capital markets

Speculation on shareholding changes at stockbroker Apex Equity resurfaces

KWAP holds 5.1% stake in generic pharmaceutical products manufacturer Hovid

Companies

Only two Malaysian companies on Forbes Asia’s ‘Fab 50’ list

List

Earnings

Cycle & Carriage Bintang posts 10-fold jump in Q2 profit

Sunway Construction posts Q1 profit of RM34 million

Education

Families with children studying overseas paying more than they had imagined

Graft

Businessman summoned to appear before Public Accounts Committee in September

Legal profession

RM5,000 fine imposed by Advocates and Solicitors Disciplinary Board set aside

Media

Publisher/group CEO of The Edge summoned for questioning over articles

No proof yet Sarawak Report’s exposés on 1MDB are false

Oil and gas

Handal Resources wants to tap opportunities in international O&G sector

Property

Phase 2 of Eco Botanic to be launched in August

Overwhelming response to Mercure Hotel’s sale and leaseback scheme

TAHPS plans township in Bukit Puchong, Selangor

Khind Holdings diversifies into property development and investment, construction

Tort

PM’s lawyer contends qualified privilege not applicable to Harakahdaily portal

Trade

Trans-Pacific Partnership has to be bigger to really make a mark

Transport

Bombardier, Knorr Brake notified of Wednesday’s LRT incidents

Prasarana seeks review of train fares

Special committee to investigate

ASIA

Companies

China dominates annual honour roll of Asia-Pacific’s 50 best big public companies

Insurance

Meiji Yasuda Life acquiring Portland, Oregon-based StanCorp Financial

Property

Foreigners can soon own luxury apartments in Indonesia

Retail

Bata India planning another 100 stores

Technology

Samsung retains crown for world’s leading smartphone vendor

AUSTRALIA

Financial services

Macquarie forecasts higher profit

Intellectual property

Court prepared to require party to transfer domain name at interlocutory stage

Judgment

Tourism

Industry stuck in 20th-century time warp

EUROPE

Antitrust

Formal charges filed against six top Hollywood studios and Sky UK

Berkshire Hathaway can proceed with purchase of Procter & Gamble’s Duracell unit

Consumer goods

Unilever’s Q2 sales growth beats estimates

SINGAPORE

Beverages

Fraser & Neave, Myanma Economic unable to agree on value of 55% stake in Myanmar Brewery

Intellectual property

Company to pay S$35k for selling counterfeit Louis Vuitton wallets

Property

Seafronting bungalow on Sentosa Cove for sale at S$2,325 psf

UK

Beverages

Britvic steps up international expansion

Media

Nikkei trumps Axel Springer in tussle for Financial Times

Nikkei-FT deal makes sense

A more committed owner might have built a business shareholders would wish to keep

US

Autos

Luxury carmaker Ferrari files for New York IPO

Beverages

Maker of Smirnoff and Johnnie Walker brands investigated over distribution practices

Earnings

McDonald’s CEO sees return to growth in H2

Real estate

Bondholders of Darden Restaurants oppose plan to spin off real estate

Technology

Amazon.com posts unexpected quarterly profit

Thursday
Jul232015

23 July 2015, Thursday

Airlines

AirAsia starting domestic and international flights from Japan in 2016

Capital markets

Fire-fighting equipment specialist Fitters Diversified buying 40% stake in Germany-based AHT

Golden Land rewards shareholders

Taliworks proposes share split, free warrants issue

Constitutional law

Compact discs still not returned to Sarawakian Christian

Finance

Money changers warned not to hoard foreign currencies to profit from slumping ringgit

Judiciary

Malaysian judiciary could be under further strain

Publisher of Wall Street Journal responds to PM’s lawyers, stands by its reporting

Plantations

Genting Plantations may buy 70,000ha oil palm plantation in Indonesia

Property

MARA halts investments abroad

MARA selling Ashley House in Britain

Chairman’s contract yet to be renewed

Kuala Lumpur-based KIP preparing to become public-listed entity

Focus on affordable homes has helped MKH

MRCB-Quill REIT achieves stable performance amid increasingly challenging office market sector

Investors in Klang’s The Boss project left in the lurch

Second phase of Tropicana Aman will be launched in August

Technology

Xiaomi’s long-awaited Mi Note goes on sale Tuesday

AUSTRALIA

Mergers and acquisitions

Activity so far falls short of bumper levels

Property

Sydney homes now more expensive than London

CANADA

Technology

BlackBerry adds AtHoc to portfolio of software products

Telecommunications

Country’s biggest telcos must share ‘last mile’ fibre-optic connections

EUROPE

Islamic finance

Germany’s first Shariah-compliant bank opens

Technology

EU regulators asked to probe Google’s dominance

SINGAPORE

Investment

Proposed Singapore Savings Bonds unsettling domestic banks and economists

Logistics

Controlling shareholders of CWT may sell their stakes

Wealth

Lacklustre economy takes its toll on republic’s 50 richest

List

Jewellery retailer-cum-property developer Aspial launching projects in Brisbane and Cairns

Low-profile Khoo clan have no desire to sell five-star Goodwood Park Hotel

UK

Financial regulation

Ousted boss of Financial Conduct Authority makes clear unhappiness at leaving

Property

168m-high Aykon joins new cluster of luxury skyscrapers in Vauxhall

US

Antitrust

Halliburton’s acquisition of Baker Hughes facing resistance from regulators

Earnings

Coca-Cola’s Q2 earnings beat analysts’ estimates

Logistics

United Parcel Service in talks to buy Warburg Pincus-backed Coyote

Wednesday
Jul222015

22 July 2015, Wednesday

Airlines

AirAsia commencing thrice weekly flights to Maldives from October

Banks

Alliance Financial working on changing mix of loans origination

Earnings

KYM hopes to be back in the black in FY16

Graft

1MDB controversy sets back Malaysia’s quest to become a developed nation

Reputations of Bank Negara, larger domestic banks also at stake

PM’s supporters busy fighting fires

Islamic capital market

More than RM38 billion of Sukuk issuances in the pipeline

Legislation

Amendments to Land Public Transport Act 2010 on the cards

Media

Ministry still reviewing The Edge’s response to show-cause letter

Whistleblower site Sarawak Report taking legal action against minister, New Straits Times

MCMC move can be challenged

Property

A$4.75 million repatriated to Malaysia in sale of building to MARA Inc

Rental rates for office space within Klang Valley likely to remain flat

SP Setia in for a record year

Technology

14% growth seen for ICT industry

ASIA

Autos

Toyota wants Lexus to be ‘more well-recognised name’ in China before starting production

Competition

Philippine Competition Act signed into law

Greater access for international firms to country's shipping routes

Corporate governance

Toshiba CEO and senior board members step down over inflated profits

Similarities with Olympus case have not gone unnoticed

Toshiba joins long list of corporate financial scandals

Telecommunications

Equipment maker Huawei’s H1 revenue up 30%; highest jump since 2011

AUSTRALIA

Employment

Former bank employee unfairly dismissed for trashing important documents

Logistics giant Linfox within rights to sack worker who threatened supervisors

Real estate

Nearly one in five towers in Sydney’s CBD now owned by foreigners

SINGAPORE

Autos

Rolls-Royce creates one-off Ghost to commemorate Singapore’s 50th anniversary

Graft

Two bank accounts frozen as part of investigation linked to Malaysia’s 1MDB

Investment

First Singapore Savings Bonds in October

Retail

Some of the factors that made Lion City successful now hindering retail growth

UK

Contract

Drafting of commercial contracts better entrusted to legal professionals

Employment

Scope of special circumstances exception to employer’s duty to collectively consult

EAT decision

Sacked Harrods supervisor claiming £1 million compensation

US

Real estate

Gaming and Leisure Properties to buy Pinnacle Entertainment’s assets

Technology

Apple’s revenue forecast falls short of estimates

Microsoft in the red; company rolling out Windows 10 next week

Yahoo still limping along

Tuesday
Jul212015

21 July 2015, Tuesday

Airlines

Khazanah Nasional may pump in up to RM2 billion to keep new Malaysia Airlines afloat

Banks

CIMB appoints new directors

Capital markets

September deadline for China Stationery to submit regularisation plan

Cocoaland shares tumble after withdrawal of First Pacific

Ire-Tex group MD/co-founder no longer substantial shareholder

Kejuruteraan Samudra Timur exits PN17 status

Family law

Ex-beauty queen seeks to challenge ruling that wife's domicile is dependent on spouse

Investment

Johor confident of attracting investments despite economic challenges

Islamic capital market

Ringgit Sukuk are outperforming

Leisure

Sunway Theme Parks looking to attract over two million visitors to Bandar Sunway and Ipoh

Plantations

Felda Global Ventures boss likely to stay on another year

Property

Bukit Bintang City Centre project gathering steam; first phase to be launched by year-end

Mulpha International unit sells 19.9% stake in PBD Developments to Oasis Star

Tax

Corporate tax, high registration cost deterring SMEs from registering companies

Technology

Curtain comes down on first ISP in Malaysia

ASIA

Aviation

Vistara CFO sees room for growth in full-service carrier segment

Technology

Toshiba’s top executives set unrealistic profit targets that led to flawed accounting

AUSTRALIA

Employment

Factory worker sacked over physical fight with colleague wins unfair dismissal case

Gaming

Echo Entertainment fends off Crown Resorts to redevelop Brisbane’s Queen Street Wharf

SINGAPORE

Real estate

CEO of Frasers Australand leaving for GPT Group

Hony Capital keen to work with Singapore Exchange in securitisation products

Sinarmas Land to acquire freehold asset in London for £258.7 million

Telecommunications

M1’s Q2 profit up

UK

Legislation

Emergency surveillance legislation introduced last year is unlawful

Media

Venerable business daily Financial Times might really be for sale this time

Fate of privately held Economist may add complications

Professional services

RPC branches out into insurance and financial consultancy work

Real estate

Aviva selling prime assets in Sydney and Tokyo following shuttering of Asia Pacific Property Fund

Technology

France’s Schneider Electric combining software operations with Aveva

US

Construction

False statement about another’s business practices or conduct can create liability for defamation

Energy

SunEdison acquiring second-biggest solar panel installer

Technology

IBM’s Q2 revenue falls short of analysts’ estimate

China’s Tsinghua Unigroup told acquisition offer for Micron not realistic

Monday
Jul202015

20 July 2015, Monday

Airlines

AirAsia X said to be on radar of premium carriers

Earnings

Development boom in high-rise buildings could spell opportunity for Signature to grow further

Infrastructure

Taliworks excited about JV with Employees Provident Fund

Investment

Business paper details billionaire’s alleged role in 1MDB controversy

The Edge Financial Daily report

1MDB ‘a victim of unsubstantiated campaign’

Media

Whistleblower site Sarawak Report blocked

Founder unfazed by MCMC move

Mergers and acquisitions

Syllabus-based content provider Sasbadi hoping to seal another deal soon

Property

Last green lung of Kuala Lumpur steadily being plundered

Iskandar Malaysia has experienced cooling public response to property launches

Telecommunications

Intense price war among mobile operators only temporary

ASIA

Insurance

Japanese insurers seeking mergers in US

Mergers and acquisitions

Vote in favour of Samsung C&T-Cheil merger a rebuke to hedge fund

Deal will embolden other chaebol to act even more selfishly than they do already

AUSTRALIA

Autos

Porsche Cars Australia’s profit triples

Aviation

First legal action against Malaysia Airlines over ill-fated MH17 filed by victim’s son

Employment

Failure to make reasonable adjustments for ill employee a ground for unlawful discrimination

Judgment

EUROPE

Capital markets

Italy set to float 153-year-old national post office in August

Competition

Conditional approval for Cargill-Archer Daniels Midland deal

MasterCard charged with alleged infringements of EU competition law

Oil and gas

Shell may cut capex

SINGAPORE

Healthcare

Lifebrandz, more famous for nightspots, transforming into healthcare and wellness group

Legal services

More ‘interesting permutations’ await; Big Four accounting firms could prove to be formidable force

Shipping

No decision yet on potential sale of Neptune Orient

UK

Banks

Struggling Barclays to cut more than 30,000 jobs within two years

StanChart CEO appoints new management team

Financial regulation

CEO of Financial Conduct Authority stepping down in September

FCA investigators visited Barclays more than any other

Intellectual property

Private copying exception should be quashed

Clock turned back to unsatisfactory position

US

Graft

Securities and Exchange Commission examining behaviour of companies with links to FIFA

Mergers and acquisitions

Syngenta’s shareholders unhappy over company’s steadfast refusal to enter talks with Monsanto

Tax

Internal Revenue Service investigates Singapore asset-management firm