Search

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

Daily News

 

Tuesday
Jul082014

8 July 2014, Tuesday

Autos

Ire-Tex plans to tap global green EV industry with new generation power management system

Aviation

Malaysia, Australia and China still discussing costs related to search for MH370

Families of the missing hopeful relatives will return

Competition

Conditional BEO for liner shipping agreements takes effect

Islamic finance

CIMB invests RM1 billion in new system

Management

CIMB Investment Bank’s Zafrul proposed as next group CEO

Media

Bernama journalist suspended over allegations of plagiarised articles from Jakarta Globe

Oil and gas

SapuraKencana Petroleum seeking to expand in Mexico

Plantations

FGV, Sime Darby and Wilmar shortlisted for Kulim’s stake in New Britain Palm Oil

Property

Site of former Pudu Prison slated for mixed commercial development

Iconic main entrance incorporated into building

PJ Development scaling up property investment portfolio

Fajarbaru Builder acquires land in Australia for A$6.9 million

Retail

Grand Merdeka working on large-scale development in Kota Kinabalu

ASIA

Antitrust

South Korean watchdog takes corrective action against Google and Apple

Aviation

Qantas’ troubled Jetstar Hong Kong JV may sell three more of its aircraft

Gaming

Macau needs to diversify from casino gaming roots

Technology

Are Samsung’s best days behind it?

EUROPE

Mergers and acquisitions

Competition regulators expected to take a hard look at Lafarge-Holcim deal

Perfume

Global high-end industry prepares for EU regulations coming into force in early 2015

NEW ZEALAND

Arbitration

Parties need to exercise care when drafting agreements to arbitrate

Supreme Court judgment

Employment

Australian firm told to pay Kiwi worker more than NZ$100,000

UK

Company law

Agreements to agree a contractual term in the future are not enforceable

Competition

Whether damages should be reduced to reflect passing-on depends on facts of the case

Family law

Billionaire gets to keep financial details of divorce proceedings private

Divorce case thought to be largest to come before English courts

Mergers and acquisitions

Lafarge Tarmac put on auction block

US

Investment

Investors scooping up distressed golf clubs and revamping their business models

Real estate

Office REITs may plough US$11 billion into new projects

Monday
Jul072014

7 July 2014, Monday

Aviation

AirAsia boss willing to offer olive branch

Banks

Institute of Bankers Malaysia now known as Asian Institute of Chartered Bankers

Capital markets

Logistics service provider Xin Hwa using bulk of IPO proceeds for business expansion

Sasbadi targeting to raise RM68 million from IPO

CBSA to trade as Panpages from tomorrow

Financially-troubled High-5 Conglomerate looking to break even in next few quarters

Energy

SIPP Energy believed to be courting Malakoff on Project 4A

Insurance

AMMB’s profitability could be the most affected following abolition of motor tariffs in 2016

Islamic finance

Incentives may encourage Malaysians based overseas to overcome reluctance to return

Agrobank Shariah-compliant by 2015

Media

Sistem Televisyen Malaysia sets its sights on more cross-border content collaborations

Monetary policy

Bank Negara Malaysia may raise interest rates Thursday for first time in more than three years

Oil and gas

Daya Materials’ business direction stays the same

Property

Khazanah Nasional seeks to buy out MidEast shareholders in four companies

Multi-billion ringgit Princess Cove @ Tanjung Puteri project set to transform Johor Baru skyline

UDA-Tradewinds JV undertaking redevelopment of KL’s Bukit Bintang Plaza

Seacera venturing into construction and property development

Sime Darby Ara Damansara Development to pay RM500,000 over defective ‘resort villa’

Sime Darby Property sells 135 acres in Elmina West to Eastern & Oriental for RM240 million

Consortium Zenith BUCG a potential major property player in Penang

How home and property prices will be affected by GST

Retail

Bonia hopes to secure right partner in second foray into China

ASIA

Antitrust

Lawyers who can help companies steer a deal past China’s antitrust regime are hot property

Telecommunications

Japan’s NTT wants to partner Telstra in push to become dominant player in Asia

AUSTRALIA

Gaming

Aristocrat Leisure to buy privately owned Video Gaming Technologies

Intellectual property

Importance of putting in place an appropriate regime for preventing counterfeit products

SINGAPORE

Investment

Temasek’s annual review out tomorrow

Property

Prices likely to fall further

Five adjoining shophouses in Club Street on the market for S$22 million

UK

Investment

Former Invesco manager begins new role betting on tobacco and drug stocks

Woodford building stake in AstraZeneca

Mergers and acquisitions

Total fees paid to lawyers on public deals over H1 down 35% from H2 2013

Transport

London buses go cash-free; move to cashless fares will save £24 million a year

US

Earnings

Profits for S&P 500 companies could return to double-digit growth for first time in three years

Finance

Wall Street, PE firms compete for young talent

Technology

Reno wants to shed image as fading casino town

Friday
Jul042014

4 July 2014, Friday

Airlines

Khazanah Nasional says privatisation of Malaysia Airline System ‘mere speculation’

Banks

CIMB group CEO taking over as chairman from September

Capital markets

1MDB plans stock market listing of energy assets

Contract

Investors sue gold trading firm Genneva Malaysia; Bank Negara named co-defendant

Infrastructure

Putrajaya to revisit controversial Kinrara-Damansara Expressway

Investment

Sultan of Johor welcomes more foreign investments into state

Mining

Lynas and Molycorp being closely watched

Oil and gas

Petronas, Shell Malaysia expand terms of Baram Delta PSC to include gas rights

Property

Landmarks more forthcoming about Treasure Bay Bintan

New requirements for all real estate negotiators

Tort

Harvest Court sued over statements to Bursa Malaysia

ASIA

Airlines

AirAsia India to break even later than initially planned

Banks

M&A by Asian corporate buyers up 19% to US$343 billion

Financial markets

Competition to underwrite record bond sales most intense in five years

Property

MNC Land to develop mega resort with golf courses in West Java

AUSTRALIA

Employment

Employers entitled to seek further clarification where there are genuine concerns of risk to health and safety if employee returns to work

Intellectual property

BP again fails to trademark colour green; oil giant unable to show indelibly linked to Pantone 348C

EUROPE

Autos

BMW last of world’s top three luxury-car makers to outline plans to build vehicles in Mexico

Insurance

Zurich Insurance takes US$300 million hit after selling Russian retail business

Tax

US online retailer Amazon latest to come under scrutiny in Luxembourg

Technology

BlackBerry sells R&D department to Volkswagen subsidiary

SINGAPORE

Legislation

Proposed copyright law makes things easier for content owners

Telecommunications

MyRepublic expanding to Malaysia and Australia next year

UK

Insurance

RSA sells business in China for £71 million

Media

Google under fire for ‘clumsy’ approach to obeying ‘right to be forgotten’ law

Tax

CEO of HM Revenue & Customs faces double grilling after taxman gets his sums wrong

Transport

Transport for London approves of Uber smartphone app

US

Mergers and acquisitions

Tobacco majors Lorillard, Reynolds American likely to merge end-July

Archer Daniels Midland close to buying KKR-backed natural food ingredients maker Wild Flavors

Real estate

Paramount considering IPO that could value city office property owner at up to US$15 billion

Retail

Ousted American Apparel CEO hands over entire stake to ally Standard General

Thursday
Jul032014

3 July 2014, Thursday

Airlines

Khazanah Nasional to take Malaysian Airline System private

Capital markets

Golsta Synergy to trade as HCK Capital Group from Friday

Civil procedure

Kelantan suit against Petronas over oil royalty cannot be summarily disposed of

Economy

Slower growth in H2, but still within forecast range

Finance

Prosecution’s appeal against acquittal of Ivory Multi Million directors struck out on ‘missing exhibits’

Islamic finance

Indonesia’s Adira Dinamika Multi Finance plans ringgit Sukuk in H2

Oil and gas

Goh Ban Huat gains immediate avenue into O&G

Eversendai scaling up O&G venture

Can milestone project attract big foreign players to invest in Pengerang Integrat¬ed Petroleum Complex?

Real estate

Eco World expands landbank

City Hall defends appointment of new contractor to redevelop Plaza Rakyat

Axis REIT dismisses news reports as ‘speculative’

Telecommunications

Telekom Malaysia to hold controlling stake of 51% in JV with UEM Sunrise, Iskandar Investment

ASIA

Banks

CIMB, Mitsubishi UFJ scoping out acquisition opportunities in Philippines

Indonesia to be more stringent in approving foreign acquisitions of its banks

Telecommunications

Axiata sells stake in Thai handset distributor Samart I-Mobile

AUSTRALIA

Employment

Employee dismissed for accessing blocked websites wins unfair dismissal case

Gaming

Hotspot for new casinos

Competition watchdog concerned about billionaire’s bid to own two casinos in Queensland

Mining

Troubled Lynas moving HQ to Kuala Lumpur

EUROPE

Competition

Tighter rules on anti-competitive agreements

Insurance

ING raises €1.5 billion in long-anticipated IPO for insurance arm

Trade

Watershed deal between China and Switzerland comes into force

SINGAPORE

Currency

Issuance of S$10,000 note to cease from October

Property

Investors questioning when government may relax anti-speculation curbs

UK

Antitrust

No evidence of collusion in setting gold prices

Retail

US’ Destination Maternity continues pursuit of Britain’s Mothercare despite earlier rejections

US

Capital markets

Dow and S&P 500 notch small gains and set new closing highs

Pharmaceuticals

Roche acquiring San Diego-based Seragon Pharmaceuticals for US$1.7 billion

Wednesday
Jul022014

2 July 2014, Wednesday

Banks

Growth prospects of Malaysian banks expected to be fairly muted

Capital markets

Pelikan’s move to distance itself from China Stationery could bode well for company

China Stationery’s request for more time from already extended deadline rejected

Human rights

Malaysia must abandon ‘blame the victim’ approach

Investment

Northern Corridor Economic Region attracted RM6.7 billion in H1

Islamic finance

Islamic banks issued RM3 billion ringgit-denominated Sukuk in H1

Property

Eco World tipped to win contract for Batu Kawan project

Low-profile tycoon proposes deals involving Goh Ban Huat and Keladi Maju

Golden opportunity to invest in Sarawak’s hidden hotspots

Sport

Caterham F1 sold for undisclosed sum

Tax

IRB Public Ruling No 5/2014: Ownership and Use of Asset for the Purpose of Claiming Capital Allowances

Technology

GreenTech Malaysia looking to finance RM950 million worth of projects

Tort

Former Penang Speaker’s defamation suit settled amicably

ASIA

Airlines

AirAsia re-enters Japanese skies

Fernandes confident AirAsia Japan profitable within a year

AirAsia boss may build LCCT in Japan

Real estate

Yield-hungry investors buy Philippine condominium space in bulk

AUSTRALIA

Aquaculture

Craig Mostyn plans to double production of abalone in five years

Employment

Employee’s dismissal harsh and unreasonable

Mergers and acquisitions

Struggling Goodman Fielder accepts A$1 billion First Pacific-Wilmar takeover offer

Real estate

Singapore’s Frasers Centrepoint reaches deal to buy Australand

NEW ZEALAND

Insurance

Tower’s remaining life insurance business sold to private company

Retail

Nation’s biggest and most valuable collection of malls might be on the market

SINGAPORE

Legislation

Personal Data Protection Act comes into full effect today

Property

Home prices down for third consecutive quarter

UK

Capital markets

McVitie’s maker United Biscuits may undertake IPO by end-2014

Privacy

Facebook being investigated

US

Banks

HSBC settles fraud suit for US$10 million

Retail

Ousted American Apparel CEO increases stake to 43%

Technology

Google acquires streaming music service Songza