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Daily News

 

Friday
Oct242014

24 October 2014, Friday

Aviation

Malaysia Airports gains full control of Istanbul’s second-biggest airport

Capital markets

Judiciary draws the line on Bursa Malaysia’s powers

Supermax another value proposition for investors

Trading in Perak Corp’s shares suspended

Competition

MyCC again warns bus operators on fixing fare structures together

Seminar on Competition Act and Competition Commission, 7 November

Construction

Local sector expected to record double-digit growth next year

Earnings

Public Bank’s favourable Q3 attributed to increase in operating revenue

Intellectual property

'IP Makes $ense' forum, 6 November

Oil and gas

Carimin targets listing on 10 November

Property

Hua Yang launching Lavender 2 next Friday

Comments from National House Buyers Association on Budget 2015

ASIA

Banks

Australia, Indonesia and South Korea skip launch of China’s Asian Infrastructure Investment Bank

Australian government divided between major trading partner and main ally

Real estate

Turnaround in Vietnamese property market

AUSTRALIA

Airlines

Beleaguered Qantas returns to profitability

Employment

Adverse action claims becoming more commonplace

EUROPE

Economy

Hungary preparing world’s first tax on Internet usage

Islamic finance

Liechtenstein holding first conference on Tuesday

SINGAPORE

Airlines

Singapore Airlines signals resolve to persevere in low-cost segment

Alliances and small stakes best way forward for SIA

Banks

Lloyds makes Singapore its Asian hub

Graft

Inducement by third party not always necessary for corruption charge to be established

Real estate

CapitaLand can weather recent departures of senior executives

UK

Oil and gas

BP-GDF Suez Vorlich find reopens hopes for future of North Sea oil

Real estate

‘Sale and rent back’ firm not in a position to promise tenants entitled to remain in homes indefinitely

Retail

Tesco plunges into fresh turmoil; chairman to stand down

Tesco particularly susceptible to high operational leverage

Sport

Formula One boss trying to broker deal in Caterham F1 dispute

US

Investing

Asset managers under pressure to offer ETFs

Real estate

Home sales and prices beginning to deflate in Los Angeles

Technology

Amazon.com’s Q3 results miss forecasts

Microsoft doing great

Thursday
Oct232014

23 October 2014, Thursday

Aviation

Putrajaya urged to release full cargo manifest of MH370

Banks

Shares of CIMB, MBSB down

EPF barred from voting in proposed mega merger

CEO of Al Rajhi Malaysia quits after 2½ years

Insurance

GST on certain products could hamper central bank’s objective

Leisure

Wet World Wild closes just 10 months after launch

Oil and gas

FBM Hudson Italiana hopes to meet revenue target

M3nergy sets its sights on Vietnam, Indonesia and Gulf of Mexico for expansion

Property

Johoreans feeling squeezed and priced out of Johor Baru

Sport

Tony Fernandes faces legal action from new management of struggling Caterham F1 team

Tort

Novelist awarded RM50k in damages

Trade

Malaysia could lose big under Trans-Pacific Partnership Agreement

Transport

Seven stops identified for KL-Singapore HSR project

ASIA

Capital markets

Landmark Hong Kong-Shanghai stock trading link may only go live late November

Insurance

Indonesia’s new law unlikely to dampen international interest

AUSTRALIA

Aviation

Malaysian minister believes missing MH370 will be found using ‘cutting-edge’ sonar technology

Indonesia on alert for wreckage

Employment

Employee sacked for using company laptop while on sick leave to fight unfair dismissal

Marketing

Adidas subsidiary Reebok fined A$350k for misleading customers about EasyTone range

EUROPE

Antitrust

JPMorgan, UBS and Credit Suisse fined €94 million

DuPont-Honeywell JV to produce car refrigerant in breach of EU antitrust rules

Mergers and acquisitions

PE firms circling German drugmaker Bayer’s plastics business

GLOBAL

Aviation

LCCs about to test growing market for rented planes

Insurance

Insurers face US$800 million bill to cover damage done by attacks on airplanes

SINGAPORE

Capital markets

Low volatility, penny stock crash weigh on Singapore Exchange’s share trading volumes

Property

CapitaLand’s Ascott may buy up to A$500 million worth of properties in Australia

UK

Competition

HSBC, Barclays and Royal Bank of Scotland criticised over SME lending practices

Earnings

British American Tobacco revenue down on forex rates

Property

Drop in overall transaction value of luxury homes in prime central London locations

US

Real estate

Houston and Austin most attractive US markets for investors

Technology

Patent trolls in retreat from tech titans

Tuesday
Oct212014

21 October 2014, Tuesday

Autos

Malaysia, Indonesia to collaborate on Asean car

VW Malaysia scales back on sales target

Banks

Fate of Malaysia’s biggest banking merger plan rests on 10 individuals

EPF may not get a say

Capital markets

Bread maker High-5 will be delisted Friday

Earnings

Axis REIT Managers’ Q3 profit rises on revaluation gains

Bursa Malaysia’s Q3 profit up 15%

DiGi.Com’s Q3 profit up on Internet revenue growth, larger subscriber base

Insurance

Increased foreign presence in Malaysian insurance industry

Investment

Iskandar Malaysia falls short of promise to give Johoreans better jobs, better lives

Islamic finance

Growth in Islamic ETFs hindered

Qatar’s Barwa Bank added as IILM primary dealer

Manufacturing

Amalgamated Industrial Steel hopeful of narrowing losses for FY14

Oil and gas

Petronas unlikely to accede to Sarawak’s request for higher royalty payment

Property

WCT pays RM115 million for vacant freehold land in Bandar Serendah

SP Setia’s Fulton Lane in Melbourne two months ahead of schedule

Paramount hopes to have market cap of RM1 billion in three years

Retail

CIMB Private Equity buys into operator of 7-Eleven convenience store chain in Indonesia

Tax

KPMG says our GST system one of the best

List of GST-free items: Deloitte recommends keeping it short

Tort

Minister granted leave to amend statement of defence on opposition leader’s defamation suit

Transport

MyTeksi secures US$90 million of investments

MyTeksi wants a more ‘level playing field’ to compete with Uber

ASIA

Gaming

Japan’s ‘integrated resort’ Bill could be carried over to 2015 Parliament session

Mergers and acquisitions

China’s MOFCOM getting better at transparency

Real estate

Singapore’s GIC buys building next to Tokyo Station

AUSTRALIA

Capital markets

Digital billboard firm APN Outdoor will raise A$329 million in IPO

Employment

Tort of intimidation part of the law until High Court of Australia says otherwise

EUROPE

Competition

Mercedes-Benz case illustrates how easy it is to cross the line between legitimate and illegitimate behaviour

Earnings

Philips’ Q3 results hit by slack demand, US$467 million charge

Telecommunications

EU drops threat to levy punitive tariffs on Chinese telecoms exports

NEW ZEALAND

Employment

The Warehouse ‘disappointed’ with court decision forcing them to re-employ security officer

Healthcare

Orion Health eyes listing on NZ, Australian stock exchanges in late November

SINGAPORE

Data protection

Property agent fined S$27k

Retail

Isetan Singapore expects loss for Q3

Telecommunications

Local start-up unveils world’s first personalised URL-based calling service

UK

Insurance

Willis, Miller Insurance in talks

Islamic finance

Ambition to become global hub needs corporate borrowers to take baton

Legal services

Merlin Entertainments GC’s role is to keep company out of firing line of regulators

US

Antitrust

Regulators urged to scrutinise Sysco-US Foods deal

Mergers and acquisitions

AbbVie-Shire deal is off

Technology

Apple struggling to sell iPads

Some reinvention moves not tenable for Big Blue

Yahoo CEO expected to outline cost-cutting efforts, give new details about possible acquisitions

Investors questioning success of Tumblr acquisition 16 months later

Monday
Oct202014

20 October 2014, Monday

Aviation

Malaysia Airports Holdings may gain full control of Istanbul’s second-biggest airport

Minority shareholders of Malaysian Airline System advised to ‘bite the bullet’

Banks

Proposed RTO of IRM on shaky ground

Capital markets

Winn Worldwide IPO on the cards

HeiTech Padu back on investors’ radar

Education

Examinations syndicate, Putrajaya sued over handling of UPSR exam papers

Franchising

Owner of The Chicken Rice Shop still searching for partner in Indonesia

Investment

Employees Provident Fund on track to pay targeted dividend for 2014

Manufacturing

Tax benefits to labour-intensive sectors going automation route aren’t enough

Media

Aliran Monthly goes digital

Oil and gas

Market grappling with slowing growth in Asia and worsening outlook for Europe

Projected earnings of listed service providers are intact

Carimin Petroleum going ahead with November listing

Property

Developers of Battersea Power Station project confident of recovering land cost

PKNS unit Worldwide Holdings scouting for land in niche areas

High-5 Conglomerate wants previous dealings on factory declared unenforceable

Glomac launching Kulaijaya development in Johor by March 2015

ASIA

Aviation

Japan’s first passenger jet unveiled after nearly four-year delay

Islamic finance

Pakistan phasing in new capital adequacy rules for Islamic banking subsidiaries

AUSTRALIA

Aviation

Families of MH17 victims feel insulted by initial US$50k compensation offer

Capital markets

Health insurer Medibank’s IPO could raise up to A$5.5 billion

Employment

Banker’s conduct alone amounted to valid reason for dismissal

EUROPE

Aviation

Pro-Russian rebels to blame for MH17 crash; Germany’s BND first European agency to say so

Capital markets

PE firms see opportunity for deals as IPO markets falter

SINGAPORE

Education

NUS and NTU’s executive MBA programmes among world’s best

Real estate

Keppel Land to redevelop International Financial Centre Jakarta Tower 1 for S$266 million

UK

Employment

‘Last-straw doctrine’ equally applicable to employers

Family law

Ex-Miss Malaysia could be in line for half of Laura Ashley chairman’s fortune after court ruling

Infrastructure

FTSE 100 insurer Prudential is cornerstone investor in £1 billion tidal power station

Intellectual property

Cartier parent wins landmark ruling ordering ISPs to block websites selling counterfeit goods

Retail

Tesco probe unearths evidence of ‘inappropriate behaviour’ by staff

US

Mergers and acquisitions

Investors readying €1.7 billion bid to buy Reebok from Adidas

Lorillard, Reynolds take step forward in pending US$25 billion deal; merger still being reviewed

Technology

Former Google lawyer could be next director of US Patent and Trademark Office

Friday
Oct172014

17 October 2014, Friday

Administrative law

Shariah Court proceeding with Kassim Ahmad’s case despite judicial review

Autos

Taxi booking service provider MyTeksi won’t be injected into Tan Chong

Aviation

Malaysia Airports Holdings’ new chief faces new challenges to fill up klia2

Banks

Complex structure threatens to expose new merged entity to controversial rules under Indonesia’s banking laws

JP Morgan, Maybank and UBS to manage Weststar Aviation’s 2015 IPO

Competition

MyCC issues guidelines on financial penalties and leniency regime

• Guidelines on Financial Penalties

• Guidelines on Leniency Regime

Earnings

British American Tobacco’s Q3 profit higher than last year

Financial markets

Jump in Japanese flows into Malaysian bonds

Investment

RM10 billion pumped into Iskandar Malaysia in Q3

Islamic finance

Murabahah seen to be limiting Malaysian Sukuk market appeal

Manufacturing

Ipoh-based Tasek offers a better dividend yield for investors

Oil and gas

Embattled directors of Protasco deny wrongdoing in aborted deal

Property

Eco World looking to raise as much as RM1.87 billion through country’s first property SPAC

REHDA, CH Williams Talhar & Wong weigh in on measures related to real estate in Budget 2015

ASIA

Insurance

Value of new business in Q3 up 23% at AIA

Telecommunications

XL/STP deal won’t set precedent for tower rental pricing

Wealth management

UBS still largest wealth manager in Asia

AUSTRALIA

Airlines

Virgin cements grip on loss-making Tigerair Australia

Capital markets

Bankers working on Medibank sale expect current volatility to ease before late November

Employment

Sacking of BHP Coal employee who waved ‘scab’ sign was lawful

EUROPE

Consumer goods

Nestlé faces challenging Q4 after nine-month growth miss estimates

Retail

Carrefour’s resilient performance contrasts with difficulties encountered by British rival Tesco

SINGAPORE

Airlines

Tigerair posts huge loss for Q2

Plantations

Wilmar could take longer than expected to convince smallholders to comply with new policy

Aviation

Ferrovial, Macquarie fund now joint owners of Aberdeen, Glasgow and Southampton airports

Capital markets

Luxury shoemaker Jimmy Choo expected to price London listing at bottom of price range

Media

Pay-TV firm BSkyB could end up with larger-than-expected stake in Sky Deutschland

Retail

New Tesco CEO must look at selling assets

Some disposals Tesco could consider

US

Banks

Commerzbank’s sanctions settlement deferred

Hedge funds

October shaping up to be worse than September

Pharmaceuticals

AbbVie pulls plug on plan to buy Dublin-based Shire

Technology

Apple’s faster, slimmer iPads offer few other features to wow consumers

Anyone looking for stop-the-presses new capabilities may be disappointed

Google’s revenue falls short of Wall Street’s expectations

Golden goose showing signs of age