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Daily News

 

Tuesday
Jul222014

22 July 2014, Tuesday

Aviation

Malaysian Airline System faces delisting after twin disasters

Black boxes from MH17 handed over to Malaysian officials

Malaysia, Australia juggling two crash investigations that require involvement of same people

New transport minister careful to avoid mistakes made in early days of MH370 disappearance

Downing of commercial airliner underlines growing complexities in duty-of-care matters

Capital markets

Takeover offer for IGB shares made through Goldis deemed unattractive

Constitutional law

Seized Christian CDs to be returned to Christian Sarawak woman

Earnings

Sasbadi posts Q3 earnings of RM3 million

Insurance

War risk insurance market caught by surprise

Insurers and reinsurers for Malaysian Airline System gathering info to decide extent of coverage

Investment

Johor keen to attract more capital-intensive, high-tech investments

Islamic finance

First ringgit Sukuk done in Malaysia by Türkiye Finans

Negligence

Former sprinter wins medical negligence suit in Court of Appeal

Oil and gas

Sona Petroleum buys into Salamander Energy

Property

Eastern & Oriental focusing on developing prime residential properties in UK

SYF Resources, Luxmark View and Sheeco Properties team up on Cheras project

GuocoLand’s Damansara City should be completed by mid-2016

ASIA

Aviation

AirAsia scraps plans for IPO of Indonesian affiliate

Financial services

Indonesia mulls Bill to force foreign banks to sell down majority stakes in local lenders

Islamic finance

Mainstream Islamic banks in Pakistan offer huge opportunities for counterparts in Malaysia

AUSTRALIA

Airlines

Malaysia Airlines determined to rebuild trust with Australian passengers

Banks

Royal Bank of Scotland latest to be penalised for role in manipulating bank bill swap rate

Competition

Expedia-Wotif deal under ACCC scrutiny

NEW ZEALAND

Employment

Former chef awarded more than NZ$50,000 for unjustified dismissal

More than NZ$1,000 in compensation for cleaner who was wrongly fired

Hotel ordered to pay NZ$80,000 in outstanding wages to Filipino couple

Mergers and acquisitions

Griffin’s Foods sold to Universal Robina for NZ$700 million

SINGAPORE

Real estate

Fitch publishes special report on S-REITs

Transport

Train operator SMRT penalised again, this time for S$1.6 million

UK

Regulatory

Serious Fraud Office opens criminal investigation into alleged manipulation of global forex market

Retail

Tesco CEO checks out, will be replaced by Unilever executive in October

Uphill battle to turn around Britain’s largest retailer

Monday
Jul212014

21 July 2014, Monday

Autos

OPR hike could have an effect on submissions for car loans

Aviation

Malaysia Airlines may need to prove it was not negligent

Ukrainian rebels said to be in possession of flight recorders

Reluctance to assign blame for loss of MH17

Government can’t afford any more mistakes, even though not to blame for tragedy

Only two options remain for stricken airline

Carrier’s future in question after second high-profile tragedy

Malaysia Airlines retiring MH17 code from Friday, replacing it with MH19

Capital markets

Bina Goodyear, XOX reprimanded

Constitutional law

Customs superintendent overstepped powers over Christian CDs

Financial services

MAA in a quandary as July deadline to submit regularisation plan looms

Healthcare

Felda Wellness product line likely to be unveiled early next year

Insolvency

Winding up of companies

Islamic banking

Can it be more than a niche market?

Manufacturing

Integrated Rubber Corporation starting to turn heads

Malaysian Investment Development Authority targeting RM55 billion in investments

Property

Landmark A&W restaurant in PJ to be redeveloped into KUB Tower

Positive outlook for Encorp, thanks to Felda Investment Corporation portfolio

MKH expects FY15 to be better than FY14

New hotels sprouting all over the country, but is supply coming in too fast?

ASIA

Banks

Local banks still hesitant to embark on IT transformation

Insurance

Regulatory changes aimed at greater transparency to shape Indonesia’s industry

Intellectual property

In China, favoured treatment of ‘trademark squatters’ over foreign companies looks to change

Amendments signal eagerness for domestic firms to move further up value chain

CANADA

Employment

Crane operator terminated over discriminatory, harassing and inappropriate Facebook posts

Oil and gas

Encana may sell Deep Panuke offshore project by year-end

EUROPE

Aviation

Challenging circumstances at MH17 crash site, determining liability just as arduous

Keeping site sterile one of the most important steps

Earnings

Credit Suisse poised to report biggest quarterly loss since Q4 2008

SINGAPORE

Airlines

Singapore Airlines apologises for insensitive postings on social media

Construction

Court of Appeal decision could have far-reaching consequences on contracts for supply of sand

Intellectual property

Pay-TV operators, content owners cry foul over rise of Android set-top boxes

UK

Financial services

Top financier accepts £450,000 fine, one of the biggest imposed by Financial Conduct Authority

Investment

UK still most attractive destination in Europe for foreign investment

US

Media

Iconic business publication Forbes sold to Hong Kong-based investors for undisclosed sum

Tobacco

RJ Reynolds to appeal ‘grossly excessive’ US$23.6 billion award to widow

Friday
Jul182014

18 July 2014, Friday

Autos

Proton seeking reimbursement for R&D initiatives

Differences between CBU and CKD

Aviation

Malaysia Airlines plane struck by ground-to-air missile

Allianz lead hull and liability reinsurer on MH17

Insurance for loss of lives and other liability likely complex and lengthy

Latest tragedy comes just as MAS hoping to return to a more normal state

Incidents likely to further hamper airline’s hope to turn around by 2015

Banks

Door not completely shut to other parties

Biotechnology

Total investment accrued since 2011 surpasses RM9 billion target

Capital markets

Malaysian Airline System shares tumble the most in nine weeks

Trading in Goldis, IGB halted

Tanah Makmur makes impressive debut

Bursa Malaysia CEO hopes to maintain or secure higher number of new listings

Earnings

DiGi.Com’s Q2 profit jumps 31%

Insurance

Attractive growth prospects will continue to spur acquisitions by foreign investors

Islamic finance

Proposed mega Islamic bank will have enough clout to influence the way deals are made

IILM reissues Sukuk

Oil and gas

Mitsubishi submits bid for Murphy Oil’s Malaysian assets; ONGC and Oil India also interested

Property

Iskandar Malaysia to have two new convention centres catering to MICE market

Tambun Indah Land plans retirement village within ‘Pearl City’

Perak on its way to enjoying glorious days once again

Tort

Court of Appeal upholds judgment in favour of former Perak MB

AUSTRALIA

Employment

Ability to work night shift a genuine occupational requirement for registered nurse

Decision

Tax

Former architect seeks A$6 million over botched tax bill

EUROPE

Aviation

Plane appeared to have been torn apart in the sky

Carriers reassess routes over region

Telecommunications

Lower stake in Italian rival may help Telefonica appease regulators

SINGAPORE

Capital markets

Firms delayed IPOs to H2 hoping for better valuations

Contract

Penthouse owners had developer’s written consent for timber lofts to be built

Financial markets

Olam announces first bond issuance since becoming Temasek subsidiary

US

Banks

Bank of America’s troubled past clouding its present and future

Retail

Barbie’s playroom star power continues to wane

Technology

Alibaba’s highly anticipated IPO pushed until September

Microsoft cutting 14% of workforce, the deepest in its 39-year history

Thursday
Jul172014

17 July 2014, Thursday

Autos

Perodua revises sales target

Global small car model could be the key for Proton to break even

Aviation

Weststar Aviation’s Iraq plan on hold

Banks

Investment banks pitching M&A ideas to Maybank

Exclusivity agreement puts Maybank out of the race for now

Opportunity for Malaysia to trumpet credentials on corporate governance and disclosure

Malaysia does not need fair weather and opportunistic investors

IDC excited for potential technological precedents

Capital markets

Versatile Creative’s proposed delisting plan shot down

Tebrau Teguh to trade as Iskandar Waterfront City from tomorrow

Commodities

Borneo Oil hoping to strike gold in Pahang via RM15 million investment

Earnings

Marginal drop in Tenaga Nasional’s Q3 profit

Multi-level marketing company Zhulian’s Q2 revenue down 38%

Infrastructure

Scomi Engineering included in Brazil subway project

Insurance

DRB-Hicom unit disposes of 68% stake in Uni.Asia General Insurance

Investment

Central bank seeking to remove itself from Genneva suit

Property

Titijaya Land makes maiden foray into KL high-end residential market

ASIA

Capital markets

Indonesian taxi operator Blue Bird wants to revive IPO

Islamic finance

Brunei’s sole Shariah bank hopes oil industry investment will help stoke Sukuk market

AUSTRALIA

Employment

IT executive awarded A$130,000 in landmark sexual harassment case

Franchising

Protecting the online reputation of a franchise

Grounds of decision

Intellectual property

Wayward Brewing wins two-year trademark battle with SABMiller

EUROPE

Competition

Royal Mail, FedEX and TNT Express caught up in French investigation

Switzerland’s Competition Commission searches offices of car leasing firms

Sports

Real Madrid rated world’s most valuable sports team

SINGAPORE

Real estate

Chinese tycoon may buy 60% of IPO of IREIT Global

Spring Grove condominium up for en bloc sale

Sport

Singapore fast becoming Asia’s hub for mixed martial arts

UK

Banks

Competition and Markets Authority report on banking sector out tomorrow

Personal injury

German engineer injured at UK airport awarded €750k in compensation

US

Antitrust

Apple agrees to conditional US$450 million settlement

Media

Time Warner rebuffs Rupert Murdoch’s audacious US$80 billion bid

24-hour network news pioneer CNN could be worth US$8 billion if put up for sale

Mergers and acquisitions

General Electric in talks to sell century-old household appliances business

Wednesday
Jul162014

16 July 2014, Wednesday

Airlines

Malaysian Airline System’s minority shareholders want a say

AirAsia orders 50 Airbus Neo planes

Banks

National Union of Bank Employees, Abu Dhabi unhappy over mega-bank merger

CIMB/RHBCap/MBSB mega-merger plan fraught with risk

Public Bank to buy BIDV’s stake in their Vietnam-based JV

Capital markets

Harvest Court takes legal action against 34 parties

GPRO Technologies to trade as G Neptune from tomorrow

Food manufacturing

MSM Malaysia in expansion mode

Media

Bernama recalls correspondent said to have plagiarised reports by Indonesia’s Jakarta Globe

Oil and gas

Basic Energy and Petrosolve drilling fourth and fifth oil wells in Indonesia

Plantations

Analysts sceptical Felda Global Ventures can hit RM100 billion revenue target in 2020

Property

Cooling measures have not curbed rising prices

Lifestyle and entertainment hub TREC ready by end-2015

Technology

MOL Global files for US IPO

Founder's entrepreneurship journey began in mid-1990s

ACE Market-listed TFP Solutions eyeing growth in Asean

ASIA

Airlines

Lion Air in talks to buy out Qantas’ 49% stake in Jetstar Asia

Banks

BRICS nations launch long-awaited development bank

BRICS serious about changing the system

Real estate

Commercial property set to spike in H2

Lone Star Funds seeks buyers for Tokyo complex after talks with Singapore’s GIC stall

AUSTRALIA

Airlines

Qantas to remain Australian-owned

Real estate

Developers competing to turn 100-year-old government office buildings into accommodations

SINGAPORE

Banks

OCBC won’t increase offer for Hong Kong lender Wing Hang

Finance

Monetary Authority of Singapore looking to tighten anti-money laundering rules

Prominent public figures may come under closer financial scrutiny

UK

Banks

Lloyds nears settlement with regulators over alleged Libor rigging

Tobacco

British American Tobacco’s IDRs affirmed

Outlook on Imperial Tobacco revised to negative

US

Earnings

JPMorgan Chase’s Q2 profit down 8%

Mergers and acquisitions

Reynolds American to buy Lorillard for US$25 billion; largest deal ever orchestrated by a woman

Addition of Blu propels Imperial from laggard to leader

Federal Trade Commission likely to take hard look at Reynolds-Lorillard tie-up

Real estate

Prime waterfront site in Miami sells for record US$100 million an acre

Technology

Apple-IBM partnership to develop business apps

Apple phablet on hold