Search

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

Daily News

 

Thursday
Jun252015

25 June 2015, Thursday

Aviation

AirAsia boss to spend more time working on budget airline

Construction

MRCB awarded contracts from Khazanah Nasional unit

Muhibbah Engineering hoping for 15% success rate on bids for projects

Earnings

Hai-O Enterprise’s Q4 profit down

Food and beverage

Popular eateries Hameediyah and Line Clear setting up in KL within the year

Manufacturing

Share valuations of Top Glove, Supermax, Kossan Rubber and Hartalega at historic highs

Media

Authorities to investigate business paper The Edge

Oil and gas

Shell Malaysia trimming workforce

Sona Petroleum confident of meeting July 2016 deadline to make qualifying acquisition

Sona hopes to conclude a deal by year end

Property

Mara began looking into acquisition of Melbourne hostel by subsidiary two months ago

PM promises action if there is wrongdoing and misappropriation

Felda and Encorp to collaborate on development of integrated township in Melaka

CapitaMalls Malaysia Trust sells new shares

Utilities

Selangor water impasse could end today

ASIA

Aviation

China investing US$80 billion in 193 major domestic projects

Franchising

McDonald’s seeks buyer for Taiwan-based stores

AUSTRALIA

Banks

Australia set to be new China-led AIIB’s sixth-largest shareholder

Capital markets

Shares of world’s first publicly-listed law firm Slater & Gordon plunge on Quindell probe

Property

Police launch raids in Melbourne over alleged property purchases linked to Malaysian politicians

EUROPE

Autos

BMW’s Mini reverses course on strategy

Environment

Danish toymaker Lego going green

SINGAPORE

Capital markets

Singapore Exchange spending S$20 million to improve trading systems

Civil procedure

Neither government nor judges can be sued for judicial decisions made

Real estate

Ascott REIT acquires seven properties in Australia and Japan

Technology

ST Telemedia takes up 49% stake in UK’s VIRTUS Data Centres

UK

Accountancy

Former investor favourite Quindell under investigation

Banks

Atom Bank gets nod to launch as digital-only lender

Pharmaceuticals

Second high-profile departure from AstraZeneca

Retail

IKEA plans small-format store, starting in Norwich

US

Antitrust

Conditional approval for Zimmer to buy rival orthopaedic products maker Biomet

Mergers and acquisitions

Seed company Monsanto still pursuing Swiss rival Syngenta despite rebuff

Technology

Signs pointing to IPO for Uber

Wednesday
Jun242015

24 June 2015, Wednesday

Aviation

Destini unit expanding into commercial aviation

Capital markets

Sunway Construction likely to set tight price range for IPO bookbuilding process

Earnings

Gamuda’s Q3 profit down 9.8%

Energy

Chinese solar panel manufacturers keen to set up here

Islamic finance

CIMB advising on Toyota Capital’s Islamic funding programme

Media

RM30 million bailout for Bernama TV Synergy

Oil and gas

Tanjung Offshore lodges police report, MACC complaint on deals by previous board

Property

Crest Builder looking to replenish orderbook

Indonesian conglomerate Rajawali ‘not interested’ in Tun Razak Exchange

Fututech launching maiden residential project Vista Residence by Q4

Plenitude exercises right to compulsorily acquire remaining shares in The Nomad Group

Wisma AmanahRaya sold for RM78 million

Retail

7-Eleven spending on 200 new stores, refurbishing another 200

Construction of KSL City Mall 2 should begin end-2015

Tax

IRB Public Ruling No 2/2015: Taxation of Real Estate Investment Trust or Property Trust Fund

AUSTRALIA

Company law

Consequences of being a de facto or shadow director can be significant

Employment

Security guard dismissed for sleeping on duty wins job back

Real estate

Long-standing shortage of living space, low interest rates behind housing boom

EUROPE

Antitrust

Getty Images added to watchdog’s probe into Google

Autos

Fiat Chrysler launches new Alfa Romeos

Aviation

Dutch and allies discussing UN-style tribunal to prosecute those suspected of downing MH17

Oil and gas

Shell’s £47 billion plan to become world’s biggest gas producer a step closer to reality

SINGAPORE

Education

KungFu Math banking on Lion City’s reputation for mathematical excellence as it expands abroad

Intellectual property

Law firm ‘bullying’ alleged illegal downloaders of Hollywood film into paying settlement fees

Telecommunications

Singtel to ramp up efforts in three key digital areas

CEO’s total pay package surpasses those of peers at StarHub and M1

UK

Accountancy

KPMG’s UK affiliate under investigation over how it monitored Bank of New York Mellon

Financial regulation

Bankers’ bonuses could be clawed back for up to 10 years under new BoE rules

Gaming

Bookmaker Ladbrokes in merger talks with privately owned Gala Coral

Deal screams caution

Healthcare

Charterhouse working with JP Morgan on options for Tunstall

Real estate

Value of Queen Elizabeth’s commercial property empire nearly doubles in 10 years

US

Health

Scientists working with tobacco companies to prove reduced risk of disease from e-cigarettes

Real estate

Darden Restaurants separating some of its restaurants into publicly traded REIT

Tuesday
Jun232015

23 June 2015, Tuesday

Aviation

Aviation regulations prevent AirAsia from consolidating accounts of foreign associates

Capital markets

China Automobile Parts’ planned dual listing in Hong Kong on hold

Constitutional law

Religious CDs with the word ‘Allah’ must be returned to Sarawakian Christian

JAWI drops lawsuit against Borders bookstore manager

Construction

Mercury Industries a construction company by 2016

Earnings

Berjaya Media’s bottom line hit by impairment of publishing rights, quoted investments

Insurance

Prudential Assurance’s new business premiums up 28% in Q1

Islamic capital market

Tenaga Nasional plans RM10 billion Sukuk after takeover of 1MDB stake in Project 3B

Maxis issues bonds worth RM840 million in first Sukuk series

Plantations

Felda Global Ventures reaching out to shareholders to allay concerns

Property

Super-rich officials linked to Mara purchase of Melbourne apartment block

Request for proposal process for Bandar Malaysia development under way

Sport

Former badminton world No 1 claims first title since returning from eight-month doping ban

Technology

McKinsey to advise Malaysia on best approach to grow technopreneurship

Telecommunications

Competition among telcos set to intensify, weighed down by impact of GST

Transport

Express bus operators request ‘surcharge’ for Hari Raya travel period

ASIA

Aviation

AirAsia India has just 1% of country’s domestic passenger market after first year in operation

Temporary suspension of Thai AirAsia X’s Bangkok-Sapporo flights from August

Islamic finance

Indonesia may ease foreign ownership restrictions for Islamic banks

Real estate

Norway’s US$890 billion sovereign wealth fund opening office in Tokyo

AUSTRALIA

Healthcare

Crescent Capital acquires Healthscope’s pathology business

Property

Firms behind sham invoices closely linked to several powerful Malaysian figures

EUROPE

Antitrust

Decision on Nokia/Alcatel-Lucent deal by 27 July

Employment

Former head of insurer RSA’s Irish unit wins record €1.25 million for unfair dismissal

SINGAPORE

Infrastructure

Surbana Jurong kicks off aggressive expansion strategy

Technology

HDD maker Seagate opens new facility

UK

Healthcare

South African hospitals group Mediclinic now owns a third of Spire

Mergers and acquisitions

Italy’s Ferrero gorges on Thorntons

Real estate

Cost of property in Kensington & Chelsea has risen to £11,635 per sq m

US

Mergers and acquisitions

CVC and Temasek to buy controlling stake in Alvogen

Real estate

Florida top state for overseas buyers

Monday
Jun222015

22 June 2015, Monday

Aviation

Memorial service to commemorate first anniversary of MH17 tragedy

Three million promo seats up for grabs for selected AirAsia and AirAsia X flights

Weak ringgit seen to dent AirAsia’s performance

Competition

Four container depot operators, IT services provider hauled up for price fixing

Constitutional law

Court of Appeal decision tomorrow on Sarawakian Christian’s right to practise faith freely

E-commerce

Dagang Nexchange submits tender to link up service with Customs’ new framework

Education

Masterskill Education cautiously optimistic of one-year turnaround plan

Energy

Tenaga Nasional’s acquisition of 1MDB’s stake in Project 3B ‘not a bailout’

TNB chief confident Project 3B will enhance shareholder value

Islamic finance

Sukuk issuance down; collapse in oil prices could further harm issuance

Leisure

Genting Malaysia’s investment in Hong Kong-based cruise ship operator a costly affair

Oil and gas

Tanjung Offshore expects return to the black in Q3

Enra looking to explore two segments in O&G

Is there light at the end of the tunnel for Icon Offshore?

Property

Gamuda-Evia-Maxdin consortium tendering for Toa Payoh plot

Ceramics company Spring Gallery ventures into property development

Family-run textile retailer Jakel embarks on new business venture

Despite low rental rates, Jalan Ipoh properties still generating decent yields

Transport

Long-delayed KL-Butterworth electric train service should start next month

Land Public Transport Commission CEO was ‘misquoted’

ASIA

Autos

Toyota’s first senior female executive arrested in Japan for allegedly importing oxycodone

Telecommunications

Telkom-Singtel JV to work on IT applications for Lion City

CANADA

Employment

Think carefully before writing a reference letter for an employee you are terminating

Oil and gas

Cenovus Energy in exclusive talks to sell oil and gas royalty lands

EUROPE

Antitrust

Google could face fine based on AdWords revenue stemming from European users

IAG may have to offer concessions to win approval for 25% stake in Ireland’s Aer Lingus

Sport

Financial institutions need to step up scrutiny of suspicious financial activity by officials at FIFA

SINGAPORE

Energy

Clouds may have finally cleared for solar energy sector

Manufacturing

Amtek Engineering plans to double sales to US$2 billion in seven years

Professional services

Kelly Services’ growth primarily in talent supply chain management

UK

Employment

No implied obligation requiring employee to disclose own misconduct

Intellectual property

Private copying regime in absence of compensation mechanism is ‘unlawful’

US

Intellectual property

Chinese firms using US researchers to create patents

Technology

Chipmaker Advanced Micro Devices weighs split, spinoff

Friday
Jun192015

19 June 2015, Friday

Autos

My EG Services now in automotive portal space

Earnings

BToto’s Q4 profit up on higher contributions from Sports Toto, H R Owen

Loss-making Key ASIC hopes for turnaround in FY16

Economy

Current movement of ringgit affected by global and domestic developments

Central bank’s statement

RM’s fluctuations a decent summary of country’s wayward course

Energy

1MDB disposing of entire 70% stake in Project 3B to Tenaga Nasional

YTL Power, Malakoff and CI Holding also express interest to acquire Edra

Family law

No gender discrimination protection for former Miss Malaysia

Manufacturing

Glove maker Kossan Rubber building two plants in Selangor

Plantations

Felda Global Ventures deal raising corporate governance concerns over management of GLCs

Property

Second Columbia Asia hospital will be in Penang

Property development business new growth driver for Amalgamated Industrial Steel

Mah Sing not revising sales target yet, hopes for momentum to pick up in H2

Mulpha Land now known as Thriven Global

Tropicana founder retires

UHY conducting special audit on Malaysia Pacific

ASIA

Autos

Chinese buyers snapping up Mercedes-Benz Maybachs

Tax

Toyota Motor disputes THB11 billion bill

Technology

Japan’s once-mighty Sony and Panasonic not quitting TV market

AUSTRALIA

Media

News Corp CEO stepping down end-2015

Tort

Employer not required to warn in relation to everyday activity employee might incidentally engage in

Judgment

SINGAPORE

Banks

DBS first to test strength of demand for republic’s first covered bond

Capital markets

Jardine Cycle & Carriage to raise US$772 million through rights issue

Economy

Biggest winners as ringgit slides may well be those who reside in Malaysia but work in Singapore

UK

Intellectual property

Vital to register new property developments as trademarks early

Oil and gas

Sequa Petroleum to buy Norwegian offshore field interests from BASF unit

Retail

Google, Permira explore joint bid for Tesco’s Dunnhumby

US

Economy

Redesigned US$10 bill to feature woman’s face… but whose?

Food and beverage

Burger chain McDonald’s slimming down

Berkshire Hathaway now majority shareholder of ketchup maker HJ Heinz

Media

Dow Jones cutting jobs amid declining ad revenue at Wall Street Journal

Technology

Consumers spending more on Apple Watch than they intended