Search

If you wish to receive our publications and alerts,
please fill in this form.

Daily News

 

Friday
Dec122014

12 December 2014, Friday

Agriculture

FGV partnering with Shenzhen Agricultural Products in new foray into China

Aviation

Investigators seeking wreckage of MH370 widen search area

Independent committee to probe safety issues at klia2

Banks

Bank Negara Malaysia’s appeal against acquittal of former Sime Bank CEO will be heard in January

Capital markets

Last chance to own shares of Malaysian Airline System

Earnings

Astro Malaysia’s Q3 profit down 8%

Islamic finance

1MDB Sukuk postponed to 2015

Oil and gas

Petronas reviewing projects in bid to cut costs

Ready to divest assets in Mauritania and Cameroon if growth prospects limited

Final investment decision for Canadian gas project in Q1 2015

Property

IOI never intended to manage Taipei Financial Center Corp

Eight bids received for Kwasa Land’s Project R3-2

Some apartment dwellers will pay more for management fees due to loophole in GST Act

Tort

Five ex-ISA detainees awarded damages of more than RM4.5 million

ASIA

Technology

Uber-trendy Gangnam making a name as bustling centre for start-ups

Telecommunications

Indonesia’s Telkom taking the lead in US$24 billion broadband plan

AUSTRALIA

Construction

Leighton’s John Holland unit sold for A$1 billion

Real estate

Crown Resorts expands Melbourne presence

CANADA

Competition

Competition Bureau investigates Apple’s Canadian arm

Tobacco

Lawsuit against Imperial Tobacco; Rothmans, Benson & Hedges and JTI-Macdonald ends after three years of testimony

GLOBAL

Pharmaceuticals

2015 seen as transitional year for pharma companies

Telecommunications

Telcos using analytics tools only scratching tip of iceberg

SINGAPORE

Competition

Nippon Express, “K” Line Logistics among 10 freight forwarders fined for price-fixing

CCS statement

Graft

Bribery and fraud charges filed against former executives at ST Engineering

UK

Autos

Aston Martin looking to raise more than £100 million to expand range

Contract

Consumer entitled both to change his mind and reclaim £1,000 deposit

Employment

12 significant cases of 2014

Telecommunications

BT expected to choose between O2 and EE by early next week

US

Antitrust

Conditional approval for German auto supplier Continental to buy Veyance Technologies

Intellectual property

Nike claims former designers stole commercial secrets and made off for Adidas

Oil and gas

Price of oil below US$60 for first time since July 2009

Thursday
Dec112014

11 December 2014, Thursday

Banks

Employees Provident Fund cannot vote in proposed mega merger

Capital markets

Selldown trend seen as temporary

Islamic finance

Sukuk investors designing winning strategies ahead of GST

Oil and gas

Petronas and Argentina’s YPF sign US$550 million deal

Industry players should take plunging oil prices as wake-up call

Property

French Embassy-owned land in Jalan Ampang could fetch RM700 million

Sport

Malaysia absent from US$1 million Super Series Masters Finals for first time

Telecommunications

Green Packet expanding footprint to Middle East and Africa

Tort

Utusan Malaysia to pay RM250k in damages for defaming DAP parliamentary leader

Former MCA chairman faces RM50 million defamation suit

Utilities

Tenaga Nasional seeks deals with power plant operators in Mindanao

ASIA

Airlines

Korean Air VP resigns from some divisions after uproar

Capital markets

Taiwan Stock Exchange will begin cross-trading with Singapore and Japan in 2015

Insurance

Indian panel recommends 49% cap on foreign investment in insurance JVs

Islamic finance

Hong Kong trying to maintain momentum towards becoming Islamic finance hub

AUSTRALIA

Airlines

Singapore Airlines passenger could not claim damages for psychological injuries caused on flight

Employment

ANZ within rights to sack NSW head in 2012 for gross misconduct

Insolvency

Power of receivers to administer trust property under a debenture

EUROPE

Autos

Supercar maker Ferrari may move fiscal residence outside Italy

Mergers and acquisitions

Fosun set to sweeten offer for Club Méditerranée to outbid Italian tycoon

GLOBAL

Aviation

Airlines set to report record profits in 2015

Oil and gas

OPEC cuts forecast for growth in global demand on weaker outlook for Europe and Asia

SINGAPORE

Earnings

Textbook retailer and property owner Popular back in the black

Intellectual property

NY-based Time Inc fails in bid to invalidate Singapore trademark of Fortune Times

Property

26-storey building off Orchard Road up for sale

Telecommunications

NetLink Trust fined for third time in two years

UK

Employment

Paranoid schizophrenic fairly dismissed for gross misconduct

Financial services

Firm of accountants owed no duty of care to individual investor who had financed management buyout

Financial Conduct Authority chastised in damning report

Top executives’ bonuses could be docked for second consecutive year

Oil and gas

BP plans US$1 billion restructuring across global operations

US

Antitrust

Apple goes on the offensive with own witnesses

Employment

Workers not entitled to compensation for time spent undergoing security checks

Wednesday
Dec102014

10 December 2014, Wednesday

Aviation

AirAsia X ‘furiously’ cutting costs; will return to new routes in 2016

What are Khazanah Nasional’s plans for Penerbangan Malaysia?

Reconstruction of Malaysia Airlines plane shot down in July to take months

Capital markets

Remisier charged with insider trading

Economy

Economists trimming GDP estimates next year

Education

Higher education blueprint 2015-25 to have 10 core thrusts

Human rights

Country cannot neglect human rights if it hopes to achieve developed nation status by 2020

Need for accountability rises as Putrajaya assumes seat at UN Security Council

Oil and gas

Expect greater things from Reach Energy

SapuraKencana’s Q3 profit

Plantations

Felda Global Ventures increasing biodiesel output over next two years

Property

Bright future for MRCB’s latest project in Kwasa Damansara

Noble Perspective buys AmanahRaya REIT’s warehouse complex in Port Klang

Technology

Khazanah Nasional aborts plan to sell majority stake in SilTerra to China party

Telecommunications

REDtone unit awarded RM88 million job by MCMC

ASIA

Media

DreamWorks Animation SKG launching family TV channel

Oil and gas

Indonesia could be world’s biggest oil importer by 2019

Retail

Hong Kong shop rents set for worst year since GFC

AUSTRALIA

Oil and gas

BG Group offloads LNG pipeline in Queensland to APA Group

CANADA

Competition

Viability of tort claims based on breaches of Competition Act remains an open question

Oil and gas

Talisman Energy in talks with various parties, but no deals yet

EUROPE

Autos

Surprise changes to top management at BMW, VW

Intellectual property

Sweden’s Pirate Bay goes down after police raid

GLOBAL

Tax

Walt Disney, Koch Industries implicated in ‘LuxLeaks’ scandal

Transport

Ride-sharing service Uber hits roadblocks on path to global domination

SINGAPORE

Mergers and acquisitions

Singapore firms have bought close to US$59 billion in assets both locally and overseas

Tax

Singapore, US finalise information-sharing agreement

Technology

UBS turns to Sqreem for help in delivering personalised advice to the wealthy

UK

Property

New Scotland Yard sold for £370 million

Retail

Once pre-eminent supermarkets group Tesco continues to lose out to Aldi and Lidl

Analysts’ opinions on prospects for UK’s biggest retailer

Senior managers told they have no right to appeal over departures

Tesco’s troubles show model of supermarkets as an extractive industry has failed

US

Banks

Current fortunes of boutique investment banks a decided contrast from 20 years ago

Authorities investigating whether StanChart breached sanctions rules beyond 2007

Earnings

Doughnut chain Krispy Kreme’s Q3 earnings up 20%

Media

Bloomberg LP names new editorial czar

Tuesday
Dec092014

9 December 2014, Tuesday

Airlines

Trade unions view appointment of new CEO-designate as ‘acceptable’

Turnaround specialist may have to make non-populist moves

Malaysia Airlines Bhd likely to announce management line-up before July next year

Autos

RM3 million allocated to set up 300 more EV charging stations nationwide

Dispute resolution

Port Klang Authority, Kuala Dimensi reach out-of-court settlement

Economy

Ringgit leads retreat among Asia’s emerging-market currencies

Infrastructure

PE firm I Squared Capital to buy 109km toll road from Malaysia’s IJM

Islamic finance

Global Sukuk sales look set to miss out on record year

Property

Former PM’s son, ex-CEO of Daya Materials to take over Perduren

Sunway REIT paying RM134 million for Sunway Hotel Georgetown and Wisma Sunway

Tax

Real impact of GST on consumers clearer next month with release of shopper’s guide

Tort

Raub Australian Gold Mining withdraws suit against activist

Wealth

Malaysia could have more billionaires than UAE in 2018

ASIA

Antitrust

Competition Commission of India orders Sun Pharmaceutical and Ranbaxy to sell seven brands

Banks

Mizuho considering other opportunities as talks to buy ANZ’s stake in Indonesia's Panin stall

Capital markets

Dalian Wanda Commercial Properties cuts size of Hong Kong IPO

AUSTRALIA

Banks

Smaller banks stand to benefit from financial sector review

Employment

Manager unfairly dismissed for refusing A$26,000 pay cut

CANADA

Employment

Dismissed director entitled to contractual severance notwithstanding failure to mitigate

Mergers and acquisitions

C$1 million bonus for Tim Hortons CEO following takeover deal by Burger King

EUROPE

Aviation

Wreckage from MH17 should reach Dutch air force base today

Property

Ireland back on top of global growth tables

NEW ZEALAND

Employment

Stevedore sacked following heated exchange over weekend work wins claim for unjustified dismissal

Energy

Superannuation Fund invests US$60 million in Chicago-based Lanza Tech

SINGAPORE

Earnings

LionGold expects loss for H1

Real estate

GIC’s group CIO hunting down higher returns for sovereign wealth fund

UK

Banks

RBS kick starts auction for Coutts; Maybank among 10 potential bidders

Data protection

Google makes second bid to block trio’s lawsuit

Intellectual property

Limited guidance on calculation of financial compensation for trademark infringement

Tax

PwC UK’s head of tax stands by previous testimony

US

Banks

US seeks to recoup more than US$190 million from Deutsche Bank over alleged tax fraud

Technology

LendingClub headlines banner week for web IPOs

Monday
Dec082014

8 December 2014, Monday

Airlines

CEO of Ireland’s Aer Lingus set to captain Malaysia Airlines Bhd

New CEO knows strategies required to make full-fare airline work

Next-of-kin will be allowed to witness arrival of first MH17 wreckage

Banks

Bursa Malaysia committee to hear EPF’s appeal on Wednesday

Capital markets

Equity crowdfunding platform will encourage innovation, productivity and competitiveness

Land

RM1 million compensation to landowners affected by flood mitigation project

Media

English Barclays Premier League one of the crown jewels of Astro’s programmes

Oil and gas

CEO of Bumi Armada stepping down

Departure comes at a challenging time

Property

Andaman Property’s Upper East @ Tiger Lane should start contributing to earnings from 2016

KSL set to end 2014 with record-high net profit

Animal shelter PAWS to remain at current location for now

IOI Properties taking up 37% stake in owner of Taipei 101 skyscraper

Taiwan minister opposes IOI seeking management control of Taipei Financial Center

ASIA

Insurance

Tokio Marine may be downgraded

Real estate

China-fuelled rise of real estate prices in cities only likely to get deeper and broader

AUSTRALIA

Airlines

Qantas expects best H1 profit since 2010

Banks

CBA, ANZ, NAB and Westpac may need A$30 billion in fresh capital

Technology

Record-shattering boom in listings has regulators concerned

EUROPE

Aviation

Ukraine reportedly ignored plea to close airspace days before MH17 crash

Mergers and acquisitions

Italian tycoon raises takeover bid for struggling Club Méditerranée

GLOBAL

Islamic finance

Share of Islamic trade finance still painfully low

Sukuk from IFFIm a break from predominantly commercial nature of transactions

Takaful

Regulatory environment still a work in progress

SINGAPORE

Insurance

Berkshire Hathaway unit receives licence to sell non-life coverage

Logistics

CWT focusing on moving commodities rather than consumer goods

Management

Former CEO of DBS taking the helm at beverage group Yeo Hiap Seng from January

Mergers and acquisitions

Temasek to buy 10% of high-frequency trading firm Virtu Financial for US$200 million

Real estate

Global Logistic Properties, GIC team up in first foray into US

UK

Banks

Nearly 40% of 178 cases lodged in High Court involves UK’s five largest banks

Construction

Balfour Beatty’s rebuffed bidder not taking ‘No’ for an answer

Real estate

Owner of London’s Canary Wharf rejects raised joint bid from Qatar and Brookfield

US

Mergers and acquisitions

Merck in talks to acquire Cubist for more than US$7 billion

Travel

Miami-based Royal Caribbean Cruises moving full steam ahead

Richard Branson’s Virgin Group has its sights set on the sea