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Daily News

 

Wednesday
Apr092014

9 April 2014, Wednesday

Aviation

Search may be closing in on area of MH370’s location

Hunt for missing Malaysia Airlines jet looks to be most expensive search in aviation history

MH370 saga exposed haphazard dissemination of information

Constitutional law

Hindu mother wins custody of children converted to Islam

Corporate

1MDB yet to update Companies Commission on overdue accounts

Economy

Only way to unshackle is to end affirmative-action policies

Financial services

Affin looking to launch new wealth management business in 2015

Insurance

LPI Capital confident of reporting favourable results in Q2 FY14

Islamic finance

i-VCap’s new Islamic ETF will include foreign equities

Maybank Islamic raises RM1.5 billion with first Basel III-compliant Sukuk

RHB Asset Management launches Asia-Pacific fund

Judiciary

Senior lawyer proposes retired judges prohibited from litigating in court, joining political parties

Leisure

Nickelodeon Explorer’s Oasis opening its doors in March 2015

Oil and gas

Petronas splits exploration and production division

Property

Oxley’s mixed development on Jalan Ampang, KL to feature hotels, serviced apartments and theme park

Kedah-based EUPE launching maiden projects in KL this year

Telecommunications

TM now aligned with former foe P1

Tort

Lawyer recused in RM100 million defamation suit against Utusan Malaysia

Ruling has serious repercussions

Businessman seeks court order to commit Papagomo to prison or be fined

Mediation fails for actress and former aide

Water services

Analysts believe ‘willing buyer, willing seller’ deal still possible

Higher water tariffs in Selangor post-restructuring

ASIA

Gaming

Melco Crown entering Philippines in Q4

Real estate

Domestic demand should help support prices in Bangkok, Jakarta and Kuala Lumpur

AUSTRALIA

Negligence

Mother of Down’s Syndrome baby successfully sues doctor

Retail

David Jones spurns Myer’s approaches for South Africa’s Woolworth

Sport

Thorpedo’s swimming career may be sunk

EUROPE

Employment

Sacked Deutsche Bank traders must get their exact jobs back

Telecommunications

EU data retention directive ruled invalid

SINGAPORE

Capital markets

POSH deal fans hopes more IPOs will find their way to Singapore Exchange

Republic looking to attract more shipping companies

Intellectual property

IP assets can be used as collateral for bank loans

Café chain Han’s accuses Gusttimo World of infringing on its trademark

UK

Banks

Barclays’ former boss won’t have to testify over interest rate swaps

Employment

Rolls-Royce engineer dismissed for unacceptable behaviour, not protected disclosures

Unusual forms of harassment that have arisen in tribunals

Energy

Probe into possible price collusion by suppliers may undermine market framework

Insurance

Clifford Chance to lead inquiry into premature disclosure of FCA review

US

Education

Stanford University outshining Ivy League

Employment

Silicon Valley’s tech giants could be on the hook for billions in class-action lost wages case

How much will Apple, Google, Intel and Adobe ultimately have to pay?

Financial regulation

Eight biggest banks will have to meet stricter measures for holding capital under new rules

Tuesday
Apr082014

8 April 2014, Tuesday

Auditor-General’s Report 2013

109 recommendations for ministries, departments to improve inadequacies

Projects implemented by PM’s department and Finance Ministry head long list of criticisms

Construction of new Kuantan courthouse delayed, cost up

Auditor-General concerned about Employees Provident Fund’s growing investments overseas

Inland Revenue Board division failed to collect up to RM3 million in corporate income tax

Five ministries to be hauled up

Aviation

Inmarsat refining data to better establish MH370’s last position

Bluefin to scour ocean floor for missing Boeing 777

Aerial hunt for physical evidence remains critical

Malaysia Airlines CEO not quitting, ‘still has work to do’

Banks

Maybank looking to expand in China

Capital markets

DSC Solutions to trade as DGB Asia from tomorrow

Nagamas International now trading as Jiankun International

Energy

Malakoff gains control of Port Dickson Power plant

Infrastructure

Exit clause allows Putrajaya to terminate privatised highway concessions ahead of expiry

Islamic capital markets

JBIC Sukuk may spur issuers from Japan, other countries to consider tapping ringgit market

Sabah Credit will raise up to RM1.5 billion in Islamic papers

Etiqa Takaful seeking to raise RM300 million via Sukuk

Legislation

Controversial Goods and Services Tax Bill passed in Dewan Rakyat

Authorities can prevent GST debtors from leaving country

Plantations

Boustead Plantations should be listed by mid-June

Property

Singapore-listed Oxley plans RM3.5 billion mixed-use project

Golf courses in Klang Valley attractive to developers seeking landbanks for high-end development

Transport

Bandar Malaysia end point of HSR link in the country

Water services

Putrajaya takes control of water assets in Selangor

Invocation of s 114 Water Services Industry Act 2006 could have severe implications

Commencement date of invocation remains unknown

ASIA

Insurance

Insurers in China allowed to acquire and merge with each other for first time

Technology

Market saturation, debuts of new Apple iPhones curbing earnings at Samsung

Trade

Japan, Australia strike historic free trade deal

AUSTRALIA

Employment

Restaurant operator fined A$30,000

Energy

First Solar reconsidering future investments

Franchising

Pie Face embroiled in legal battle with former franchisee

CANADA

Intellectual property

Single colour capable of being registered as a trademark

Negligence

Livent ruling could become ‘road map’ on how to structure a case against auditors

EUROPE

Investment

World’s biggest SWF taking a year to study future acquisitions

Mergers and acquisitions

Holcim, Lafarge face daunting task in getting approvals across 15 jurisdictions

Investment banks could split as much as US$100 million if deal closes

SINGAPORE

Capital markets

PACC Offshore Services looking to raise US$304 million-US$334 million

Intellectual property

Infringing websites may be blocked by year-end under proposed changes to Copyright Act

Oil and gas

BG Group moves HQ for global oil and LNG trading to Singapore

Real estate

S-REITs buying Japanese properties

UK

Graft

GlaxoSmithKline investigates claims of misconduct in Iraq

Intellectual property

Chocolate maker Cadbury refused chance to register iconic purple shade

US

Insurance

Bank of America, QBE reach deal over ‘force-placed’ insurance

Intellectual property

Closed file-sharing service Megaupload.com accused of massive theft of IP

Industrial companies fighting Silicon Valley over patent legislation

Monday
Apr072014

7 April 2014, Monday

Administrative law

Billboard company Ganad Media time-barred in filing action

Autos

First EEV licence issued to Go Automobile Manufacturing

Aviation

Officials hopeful faint ‘pings’ could be related to vanished jetliner

Flag carrier has no room for mistakes

Safety measures on board commercial airplanes may be enhanced

Perak Public Accounts Committee probes shoddy runway extension at Ipoh airport

AirAsia must move to klia2 as scheduled

AirAsia apologises for offending article in latest inflight magazine

Capital markets

Kejuruteraan Samudra Timur now a PN17 company

More takeover exercises predicted over coming months

Data protection

Personal Data Protection Department studying possibility of implementing Do Not Call Registry

Islamic finance

Future of KFH, Al Rajhi and Asian Finance Bank in focus

Reclassification of deposits could lead to higher operating costs for Islamic banks

Manufacturing

Masteel fairly upbeat on prospects

Property

Kampung Manis planning serviced apartment project on site of former Sentosa Cinema in PJ

Penang-based Seal Inc ready to make a clean break from the past

Tax

Malaysia’s GST model designed to be progressive

Trade

KL-Singapore HSR link, joint projects in Iskandar Malaysia likely to be on PMs’ agenda

Venture capital

Mavcap working with potential party to fund start-up ICT companies

ASIA

Airlines

Budget carriers risk going the way of European LCCs

Banks

Singaporean banks need to outdo rivals to stand out in Hong Kong

Gaming

Las Vegas Sands’ Chinese unit increases scrutiny of Macau junket operators

Property

Macau residents feeling increasingly marginalised

AUSTRALIA

Gaming

Melco Crown eyes new US$5 billion casino complex in Japan

Insurance

Arthur J Gallagher acquires Wesfarmers' subsidiaries for A$1 billion

EUROPE

Mergers and acquisitions

Cement makers Holcim, Lafarge agree terms of merger

Telecommunications

Cable group Altice victorious in battle with Bouygues for SFR

GLOBAL

Islamic finance

Major Sukuk issues in the pipeline

Mergers and acquisitions

Financial services, O&G and technology among sectors eyeing up biggest deals

NEW ZEALAND

Competition

Air freight company Kuehne + Nagel International fined NZ$3 million for ‘hardcore cartel conduct’

Consumer goods

Fonterra punished over handling of food safety scare last year

SINGAPORE

Legal profession

New e-filing system provides ‘one-stop shop’ for lawyers to renew Practising Certificates

Property

845-unit Commonwealth Towers set to launch in early May

Friday
Apr042014

4 April 2014, Friday

Airlines

More resources committed to search for Malaysia Airlines jet

Nufam claims not consulted on new procedural changes

Commodities

Home-grown Habib Jewels aims to boost sales by 20%

Construction

Sector on track to meet projected growth of 9.5%

Education

Teachers keeping mum on ‘cash-for-transfer’ racket

Financial services

Alliance IB buys into HwangDBS Vickers Research

Healthcare

IHH not bidding for Australia’s Healthscope

Insurance

Tune Ins sounds out new potential partners in Indonesia

Islamic finance

StanChart leveraging on Saadiq to tap global markets

Bumi Armada setting up RM1.5 billion Sukuk in first debt offering

Oil and gas

Petronas proceeds with Rapid plan

Plantation

Felda Global Ventures disposing of non-core assets to focus on going global

Property

Tropicana gets fresh offer for Canal City land

Former home of Wong Ah Fook in Johor Baru to make way for apartment building

Tax

GST appeal tribunal to be set up

AFRICA

Competition

Local units of Unilever and Sime Darby raided

Infrastructure

South African economy set to benefit as Shongololo displaces trains dating back to 1980s

ASIA

Airlines

Garuda Indonesia expanding fleet

Retail

Shopping centres the latest must-have for investors

AUSTRALIA

Competition

ACCC approves Transurban-Queensland Motorways deal

Health

Government accused of not doing enough to defend tobacco legislation

Industrial relations

Construction workers could have assets seized over unpaid fines for unlawful strike

SINGAPORE

Capital markets

Investigation of Blumont, Asiasons and LionGold seen as test of credibility

Probe now includes Magnus Energy and Innopac

Mergers and acquisitions

Blackstone, Carlyle eyeing container maker Goodpack

Oil and gas

Former Petronas CEO appointed chairman of Sembcorp Marine

Finance

Financial Conduct Authority to review £150 billion credit card market

Health

Branded tobacco packaging may be outlawed in 2015; move would bring UK into line with Australia

US

Capital markets

Business of IPOs is bustling once more

Insurance

Investigation target AIG sues New York regulators

Utility of representations and warranties insurance in M&A transactions

Media

Late-night talk show host David Letterman to sign off after three decades

Thursday
Apr032014

3 April 2014, Thursday

Autos

Perodua expanding Rawang plant, launching EEV model in H2

Aviation

Search for MH370: Still no breakthrough on day 27

Fate of MH370 and those on board might remain a mystery forever

Mystery surrounding plane’s disappearance complicates prospects for legal case

What if AirAsia, MAHB cannot resolve klia2 spat before 9 May?

AirAsia seeks PM’s intervention

Courts

Coroner’s Court in session from mid-April

Energy

FiT quota applications for Peninsula Malaysia, Sabah and Labuan open on 2 May

Islamic finance

Maxis, RHB Islamic seal RM2.5 billion financing facility

Prominent scholar rejoins Shariah supervisory board of IILM

Legislation

Amended Housing Development (Control and Licensing) Act 1966 comes into force June

Plantations

Felda Global Ventures looking to expand landbank in Sabah

Tort

Actress and former aide settling defamation suit through mediation

Trade

Malaysia trails Singapore in survey

Global Enabling Trade Report 2014

Water services

Syabas’ suit against Selangor to be heard afresh before another High Court judge

ASIA

Islamic finance

Sector making inroads in areas that could help it tap Indonesia’s large consumer base

Wealth

Softbank CEO tops ‘Japan’s 50 Richest’ list

Forbes Asia rankings

AUSTRALIA

Management

CEO of National Australia Bank retiring in August; head of New Zealand unit to take over

Incoming CEO has kept a low profile

Manufacturing

Planemaker Boeing axing 300 jobs in latest blow to manufacturing industry

EUROPE

Competition

Carlsberg among brewers fined €231 million in Germany

Goldman Sachs, cable firms fined for running power cable cartel

Pharmaceuticals

Sanofi on lookout for acquisitions, views Africa as ‘strategic continent’

SINGAPORE

Gaming

Ratings of Genting Singapore affirmed

Intellectual property

Lacoste can register ‘L.12.12’ as a trademark

Mail services

SingPost slapped with S$30,000 fine over stolen mail

Tort

Vivo Diamonds found liable for online defamation made through third party

UK

Competition

Healthcare group HCA International must sell one or more of its hospitals in London

HCA launching £2 million, year-long appeal against CMA’s decision

Real estate

Prices in many areas beyond the reach of most Londoners

US

Media

American Lawyer publisher explores sale

Real estate

MetLife, Singapore’s GIC among potential buyers of Blackstone's Boston properties

50,000 sq ft Fleur de Lys estate changes hands for US$102 million