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Daily News

 

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

Wednesday
Apr022014

2 April 2014, Wednesday

Accounting

Deloitte signs off accounts of 1MDB

Autos

No directive from Bank Negara Malaysia to hike hire purchase rate

Aviation

British submarine HMS Tireless joins search for missing Malaysia Airlines jet

Six theories on what could have happened to MH370

Airlines hope to develop better way to track planes

AirAsia, AirAsia X resisting move to klia2 despite LCCT shutdown on 9 May

Capital markets

Level of acceptance for Padiberas Nasional to be taken private falls short

Education

Malaysia again in bottom quarter among 44 countries

Financial services

Allianz may set up asset management company

Gaming

Macau on loss-making Masterskill Education’s radar

Human rights

Only 7% of complaints against police between 2005-12 reached a courtroom

Independent, external oversight of Royal Malaysia Police needed

‘No Answers, No Apology: Police Abuses and Accountability’ report

Oil and gas

SapuraKencana Petroleum’s order book expands

Property

MH370 fallout could affect Malaysian developers, Chinese real estate firms

Abandoned Genting Valley project back on track

Tourism

Malaysia could take ‘sizeable hit’ in the wake of disappearance of MH370

Water services

Disbelief, outrage over more water cuts; business owners pushed to brink

291 new areas in Selangor affected when fourth phase of rationing starts

Current water crisis cannot be looked upon from just one angle

Talk of phase five, rationing until December if situation worsens

ASIA

Autos

Volkswagen applies to set up first plant in Thailand

Gaming

Macau gambling revenues boosted by robust demand from Chinese visitors

AUSTRALIA

Employment

Gloria Jean’s franchisee alleged to have underpaid employees

Gaming

Echo Entertainment, Auckland’s Skycity lodge bids to develop casinos in Queensland

Insurance

Potential class action against QBE over profit downgrade

Oil and gas

BP ceasing production at Brisbane refinery, blames competition from mega-refineries in Asia

Tobacco

Philip Morris closing Melbourne cigarette plant, shifting production to South Korea

SINGAPORE

Capital markets

Former assistant fined nearly S$3 million for insider trading

Competition

Freight forwarders and Singapore subsidiaries involved in cartel

CCS statement

UK

Company law

Difficulty in trying to predict in what circumstances corporate veil might get pierced

Competition

New consumer watchdog will focus on energy, banking and higher education sectors

US

Intellectual property

Former Microsoft employee pleads guilty to theft of trade secrets

Real estate

Building boom in trophy penthouses and ultra-luxe condos may be overheating

Tuesday
Apr012014

1 April 2014, Tuesday

Autos

Hike in hire purchase rate passes without fanfare

Aviation

Authorities racing against time to locate MH370 black box

Civil aviation authority changes previous account of pilot’s last words

Change in wording raises questions about how Malaysia has handled investigation

Construction cost of klia2 set to rise further

SR Technics picks Malaysia as its Asian hub

Banks

Public Bank looks forward to another year of growth

Ongoing succession plan

Corporate governance

Feedback sought on CG blueprint

Human rights

Activist Irene Fernandez dies of heart failure

Tenaganita brought attention to plight of migrants

Media

Pay-TV operator Astro Malaysia’s Q4 profit up 34%

September launch for Malay home shopping channel

Mergers and acquisitions

JT International receives RM808 million takeover offer from Japan Tobacco

EPF, KWAP key to successful deal

Oil and gas

Bumi Armada receives letter of intent from Eni

Petronas Carigali to shortlist O&G players for Kasawari gas project by May

Property

SBC plans residential project on freehold land in Bukit Bandaraya

M101 Holdings lining up 10 projects

Tort

Former editor’s report on RM32 million flower contract not meant to malign businessman

Water services

Stage four of water rationing begins Friday

ASIA

Aviation

Competition heating up in Vietnam

Capital markets

Brokers, banks more accountable under Hong Kong’s stricter disclosure regime

EUROPE

Competition

UBS, RBS among eight banks probed over alleged rigging of forex rates

Financial services

ING to resume dividend payments after five-year pause

SINGAPORE

Intellectual property

IPOS, WIPO Arbitration and Mediation Centre collaborating on new option for patent disputes

Mergers and acquisitions

OCBC offers US$5 billion for Hong Kong’s Wing Hang

UK

Competition

Main changes to merger control and expected implications for businesses

Insurance

Financial Conduct Authority boss takes responsibility for debacle

Insured entitled to compensation because broker’s actions were ‘causative of loss’

Property

London mayor endorses Hutchison Whampoa’s Convoys Wharf project

US

Antitrust

Firms need to focus on the potential for collusion across all product areas

Leisure

Las Vegas’ 550ft High Roller eclipses Singapore Flyer, Star of Nanchang and London Eye

Litigation

Law firm’s motion to get more information about Boeing, Malaysia Airlines thrown out

Monday
Mar312014

31 March 2014, Monday

Airlines

Australian PM says no time limit on search for missing Malaysia Airlines plane

Lack of information about where MH370 went down hampers ability to find it

Relatives of missing Chinese passengers want answers, apology

Passengers’ passports not checked against Interpol’s databases

Airline’s senior executives should have been on the ground at once

Arbitration

Hearing on case between SP Setia’s Exceljade and Bauer subsidiary postponed to May

Capital markets

Silver lining for FBM KLCI unlikely to emerge in Q2

IPO market expected to remain strong

Infrastructure

Collection of toll rates for Second Penang Bridge starts tomorrow

Islamic finance

Move into cash waqf would expand donor base

South Korea joins Islamic Financial Services Board

Legislation

Prevention of Crime (Amendment and Extension) Act 2013 comes into effect Wednesday

Contentious Goods and Services Tax Bill tabled

Leisure

Movie Animation Park Studios should be completed in December 2015

Oil and gas

Shapadu IPO in the works

Property

Penthouse prices in Kuala Lumpur reach record levels

Tradewinds set to commence development of Perdana Quay in Langkawi, Kedah

Reducing risks associated with buying auctioned properties

Retail

Aman Central will breathe new life into Alor Setar township

NU Sentral Mall now open

Sport

Lewis Hamilton leads Mercedes one-two at Malaysian Grand Prix

Telecommunications

Cahya Mata Sarawak has its eye on Sacofa

Green Packet shareholders must continue to be patient

P1 an important bolt-on to Telekom Malaysia’s broadband plans

ASIA

Earnings

China Construction Bank’s profit growth beats expectations

Gaming

Bloomberry Resorts looking to Singapore’s Marina Bay Sands for inspiration

AUSTRALIA

Competition

Travel agency chain Flight Centre will appeal A$11 million penalty

Property

Great Barrier Reef investors battle frequent typhoons, tyranny of distance

Wealth

Media magnate Rupert Murdoch tops BRW Executive Rich list 2014

SINGAPORE

Banks

Maybank wants to capitalise on country’s huge corporate banking segment

Legal services

Stephenson Harwood, Virtus Law setting up formal law alliance

WongPartnership wins battle to recoup fees charged to former hotel manager

UK

Insurance

CEO of Financial Conduct Authority faces calls to resign after blunder

Mergers and acquisitions

Department store House of Fraser could be set to fall into Chinese hands

Tax

Billionaire brothers win VAT dispute; HMRC to appeal

US

Accounting

PwC sued for professional malpractice

Autos

BMW rolling out brand new i3 all-electric vehicle in May

Intellectual property

Supreme Court faces computer conundrum

Ryan Seacrest’s Typo Products barred from selling US$99 iPhone case

Tax

Severance pay, like any other wage, is taxable

Technology

Apple, Samsung back in court

Apple’s complaint aims at some of the features that Google put in Android