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Daily News

 

Friday
Aug082014

8 August 2014, Friday

Airlines

Khazanah Nasional paying RM1.4 billion to take troubled Malaysia Airlines private

Preliminary data from MH17’s black boxes next week

Capital markets

Singapore billionaire launches mandatory takeover offer for TMC Life Sciences

Pelaburan Mara increases stake in BHS Industries

Dealer’s representative of OSK IB fined RM500k, struck off

Civil procedure

Attorney-General taking over contempt of court proceedings against V K Lingam and others

Intellectual property

JF Technology believes will prevail in Johnstech patent infringement case

Islamic finance

INCEIF see higher enrolment on its courses this year

Registered Shariah advisers as at 31 July

Property

Rising demand for affordable housing that cater to middle- and lower-income families

Telecommunications

Stage set for battle royale between Telekom Malaysia and wireless service providers

Tort

Inspector-General of Police and officers responsible for death of suspect while in custody

High Court proposes Lembah Pantai MP, Utusan Melayu settle out of court

Water services

Decision on water rationing in Selangor by next week

ASIA

Airlines

Jetstar defends investments in region

Employment

Social media posts recognised as admissible evidence in China

AUSTRALIA

Intellectual property

Difficulty with using geographic place as brand name

Real estate

Australand set to be acquired by Singapore-based Frasers Centrepoint

CANADA

Insurance

Manulife’s Q2 profit rises on US wealth-management fees

Investment

Opacity hindering efforts to shake up corporate boardrooms, damping cross-border M&A

EUROPE

Antitrust

Decision on BSkyB’s planned takeover of Rupert Murdoch’s pay-TV companies next month

Retail

Adidas investing more in its brands to catch up with market leader Nike

NEW ZEALAND

Airlines

Air New Zealand-SIA alliance gets green light; resumes Auckland route abandoned in 2006

Employment

Former salesperson unlikely to recover unpaid wages, compensation

SINGAPORE

Capital markets

Agri-food maker Japfa set to raise S$198 million

Civil procedure

Legal battle between local brokerage AmFraser Securities and former client heads to trial

UK

Employment

Landmark ruling on staff poaching

Insurance

Aviva reports 4% rise in H1 profit

CEO expects new pension rules to benefit its investment business

Stonebridge International fined £8.3 million

US

Autos

Hyundai slow to report safety defect, fined US$17.4 million

Mergers and acquisitions

Boom raises big question of whether deals, once done, will benefit wider economy

Thursday
Aug072014

7 August 2014, Thursday

Aviation

Khazanah Nasional, government discussing restructuring of Malaysia Airlines

MAS unit sells 50% stake to JV partner, GMR

Capital markets

Green Packet withdraws appeal, has until end-October to pay Intel

High-5’s proposed regularisation plan rejected

Earnings

Fraser & Neave’s Q3 profit down 12%

Lower Q2 profit for MISC

Management

Little-known businessman is new CEO of Masterskill Education Group

Overconfident CEO’s optimism may come with a cost

Media

Media Chinese still keen to spin off Charming Holidays unit

Oil and gas

Boustead Holdings buys into PFC Engineering

Sweden’s Lundin Petroleum completes appraisal drilling on Tembakau discovery

Property

UEM Sunrise faces lower profit margins from GST, may delay projects

Ivory Properties unit terminates acquisition and rehabilitation agreement with Plaza Rakyat

Tax

Customs department’s five-step plan to get firms to register for GST

Technology

Malaysia plays key role in Bosch’s Asia Pacific growth

Tort

Utusan Melayu and TV3’s applications for leave to appeal to be heard simultaneously

ASIA

Franchising

Jollibee Foods looking to enter Malaysia and Indonesia

Tort

Hong Kong tycoon can sue Google for defamation

AUSTRALIA

Employment

Jetstar’s Singaporean flight crew not entitled to same wages as better paid Australian counterparts

Employer’s liability for sexual assault inflicted at shared accommodation

Industrial Court of Queensland’s decision

Intellectual property

Vittoria Coffee wins trademark battle with rival over use of phrase ‘we know coffee’

Real estate

Foreign investors turning to other Australian cities amid rising competition for assets

CANADA

Employment

Toronto justified in requiring employee to obtain psychiatric assessment

Insurance

Stronger profit at MFS asset management unit boosts Sun Life’s Q2 income

SINGAPORE

Aviation

Singapore Airlines’ Scoot has zero interest in Changi airport’s Terminal Four

Capital markets

Samudra Energy defers IPO

UK

Banks

StanChart faces further US fines over efforts to block money laundering

Dispute resolution

Former Investec traders lose three-year, £6 million battle over bonuses

Insurance

Bank of England regulator leaving for Prudential; exit comes at awkward time

Utilities

Thames Water asked to justify further outlay of £331 million on London supersewer project

US

Aviation

Lawyer who filed first lawsuit after MH370 disappearance faces sanctions

'Very rare' for disciplinary body to file a complaint

Intellectual property

Samsung Electronics, Apple dropping all patent litigation outside US

Wednesday
Aug062014

6 August 2014, Wednesday

Airlines

Loss-making AirAsia X optimistic of return to profitability

Banks

United Overseas Bank sued over valuables missing from couple’s safe deposit box

Proposed mega-bank merger: Talk of VSS premature

Business

Harrisons still thriving after almost a century

Earnings

Malaysia Marine and Heavy Engineering’s Q2 profit down 16%

Education

Shift in access could play big role in reversing brain drain

Islamic finance

Higher interest rates expected to boost Murabaha trading

Management

TIME dotCom’s deputy CEO departs after almost two years

Oil and gas

Protasco calls off Indonesia venture as amended SPA has lapsed

Real estate

French Embassy looking to dispose of Jalan Ampang site

Mara targeting to expand property investment overseas to RM1 billion worth of assets

Telecommunications

China Mobile may be eyeing minority stake in Axiata

Transport

Volvo Bus in talks with Prasarana Malaysia to introduce electro-mobility bus concept

ASIA

Antitrust

Shanghai offices of Mercedes-Benz raided

Audi, Chrysler will be punished for ‘monopoly behaviour’ in China

Islamic finance

Bank Indonesia, Financial Services Authority discuss trading of short-term Sukuk

Property

Construction of Seoul’s tallest building hits a snag

AUSTRALIA

Aviation

Dutch engineering firm Fugro awarded contract to scour floor of Indian Ocean for MH370

Real estate

Ausin benefiting from surging demand from China

SINGAPORE

Autos

Supercar dealers fretting over future

Insurance

Life insurance industry reports slower growth in Q2

Legislation

Parliament passes Transboundary Haze Pollution Bill

Telecommunications

StarHub’s Q2 profit down 6%

UK

Competition

Rigging of energy markets could be made a criminal offence

Investment

Financial Conduct Authority blocks risky contingent convertible securities

Real estate

Urban Exposure latest property company to cancel IPO

US

Banks

11 of nation’s biggest lenders ordered to try again after botching living wills

Earnings

Disney’s quarterly earnings and revenue beat analysts’ expectations

CEO rules out doing an inversion

Media

Twenty-First Century Fox abandons bid for Time Warner

Gannett spinning off print operations

Sale marks a milestone

Real estate

Sunset Boulevard is getting a 21st century makeover

Tuesday
Aug052014

5 August 2014, Tuesday

Autos

Malaysia’s barriers to entry have blunted competitiveness of Proton and Perodua

Aviation

Malaysia Airlines handing over advance compensation of RM160k

AIA waives restrictions

Petronas chipping in more than US$20 million in hunt for MH370

Capital markets

Bina Goodyear’s proposed regularisation plan rejected

Earnings

Amcorp Properties’ Q1 jumps 57%

Employment

Etiqa executive was fairly dismissed for sexual harassment at workplace

Family law

Ex-beauty queen’s divorce battle likely heard in Britain

High Court has to determine wife’s place of residence

British lawyer praises Malaysian courts' firm stand

Legislation

National Harmony Bill unlikely ready this year

Real estate

Axis REIT proposes to acquire three properties in Selangor

Water services

Puncak Niaga, Ho Hup, Salcon-GKent JV and Loh & Loh shortlisted for Petronas contract

ASIA

Aviation

Cheung Kong may bid for aircraft being sold by AWAS Aviation Capital

Capital markets

Hong Kong rush to launch complex project risks tech snafu

Intellectual property

Lafarge wins domain name dispute in Vietnam

Technology

Xiaomi displaces Samsung as No 1 smartphone vendor in China

AUSTRALIA

Corporate

Board delegations of authority must be clear and properly made and recorded

Contractual, common law duties of financial advisers to exercise reasonable care and skill in providing advice

Mergers and acquisitions

Sweetened offer from KKR tempts Treasury Wine Estates to open its books

NEW ZEALAND

Competition

Recent cases hint at possible broadening of heads of loss for which victims of cartels may seek compensation

Employment

Former group GM unjustifiably fired

SINGAPORE

Earnings

OCBC’s Q2 profit the highest since Q3 2012

Sembcorp Marine’s Q2 profit helped by stronger performance from rig building, fixed platform businesses

Property

CapitaLand’s Q2 profit up on higher gains from investment properties

Developers making waves in US and Australia

Fragrance Group seeks more acquisitions in Australia

Wealth

Billionaires club expands from 21 to 26

Singapore's 50 Richest list

UK

Banks

HSBC’s H1 profit down 12%

Employment

Former head of property department was employee and not partner of Needleman Treon

US

Insurance

AIG’s Q2 profits beat Wall Street’s expectations

Media

Twenty-First Century Fox expected to make aggressive case for merging with Time Warner

Real estate

Big Apple takes the cake for greatest number of pricey listings

Monday
Aug042014

4 August 2014, Monday

Aviation

KD Mutiara joins search for missing Malaysia Airlines jet

Blue Water Recoveries bidding for Australian contract to locate wreckage of MH370

Banks

Race for fixed deposits

Exim Bank targeting to grow total assets to RM30 billion by 2018

CIMB-RHB-MBSB merger could create financial institution with some of Public Bank’s qualities

Healthcare

BP Healthcare has achieved only 25% of its target

Its first home for the aged will be in Ipoh or Kuala Lumpur

Oil and gas

Sabah council wants to collaborate with key industry players

Eversendai chairman gears up for massive investment in O&G

Property

Boustead Holdings defends RM310 million port deal

UDA close to sealing deal to develop part of Tradewinds land bank in prime locations

Turner Construction sets up regional HQ in Greater Kuala Lumpur

Tax

GST could lead to difficulties in quantifying companies’ cost and affect cash flow

Transport

Doubts as to whether benefits of KL-Singapore HSR link well worth the cost

Water services

Heads of agreement signed between Selangor and federal governments

ASIA

Airlines

SE Asia’s LCCs growing frail from all the fare cuts

Autos

Toyota Prius’ fortunes set for a boost

AUSTRALIA

Employment

Broker who allegedly blew whistle on insider trading claims unfair dismissal

Minimising the risk of an adverse action claim

Insolvency

When a liquidator should apply for court order to sell trust assets

Judgment

Oil and gas

Fosun International to acquire Roc Oil for A$474 million in cash

EUROPE

Aviation

International team carries out recovery mission despite mortar fire echoing in distance

Banks

Portugal’s central bank takes control of Banco Espirito Santo in €5 billion bailout

GLOBAL

Airlines

Carriers split on whether safe to fly over war-torn Iraq

Mergers and acquisitions

Arbitration attractive alternative to litigation in resolving post-acquisition disputes

SINGAPORE

Agriculture

Japan’s Panasonic wants to feed Singaporeans its radishes and lettuce

Insurance

Direct-sales channel from 2015 credit positive for life insurance sector

UK

Construction

Exception to Canada Steamship principle

Employment

Dismissal of doctor receiving treatment for alcoholism was unreasonable

US

Consumer goods

Procter & Gamble cutting up to 100 brands from its arsenal

Earnings

Berkshire Hathaway’s Q2 profit boosted by paper gain from stock-swap deal

Technology

Microsoft claims Samsung Electronics breached 2011 agreement to share patents