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Daily News

 

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

Thursday
Jun182015

18 June 2015, Thursday

Autos

Perodua would rather collaborate than compete with Proton

Aviation

GO Phoenix will quit search for MH370 tomorrow

1,200 staff yet to respond to Malaysia Airlines Bhd offer

AirAsia spells out measures designed to improve balance sheet

Capital markets

AirAsia shares in a tailspin

CEO buys 45,000 shares in budget airline

MMC’s stake in port operator NCB raised to 21%

Competition

Five special Session Courts to hear cases on anti-profiteering

Construction

Econpile wins RM50 million contract from Ahmad Zaki Resources

Earnings

Loss-making Pelikan expects to return to profitability by 2016

Energy

Mudajaya looking to acquire power assets that ‘make good returns’

KPMG findings suggest irregular transactions the work of former employee

Islamic capital market

Maxis raising up to RM5 billion from 30-year Sukuk Murabahah

Toyota Capital Malaysia plans RM2.5 billion programme to raise funds

Judiciary

Judges who deal with Islamic jurisprudence paid less than civil court judges who handle similar cases

Lack of engagement not limited to non-Muslims

Legislation

Animal Welfare Bill passed into law

Mergers and acquisitions

Self-adhesive label maker Super Enterprise receives takeover offer from Multi-Color

Property

Eco World unit aborts plan to list as SPAC

Weaker financials attributed to lower sales and revenue recognition from existing developments

Sunway City Ipoh will unveil new development projects over next three years

Takaful

Takaful operators investing more in digital technologies to attract younger audience

ASIA

Competition

Apple fined T$20 million for meddling in Taiwanese service providers’ iPhone pricing plans

Insurance

Mainland insurers facing higher risks on bond investments and policies’ guaranteed returns

AUSTRALIA

Intellectual property

Factors to consider when contemplating opposing new trademark registration

Investment

Fidelity eyeing bank stocks, recommends Macquarie

SINGAPORE

Airlines

Singapore Airlines in talks with Airbus, Boeing on aircraft that would fly non-stop to US

Real estate

Asia Square Tower 1 could fetch more than S$4 billion; BlackRock may also sell Tower 2

Frasers Centrepoint unit expands global footprint in hospitality sector

UK

Construction

Six years for losing party to adjudication to challenge decision

Little appetite in courts to imply general obligations of good faith

Telecommunications

BT tries to convince regulators to pass £12.5 billion merger with EE

US

Antitrust

Nokia takeover of rival Alcatel-Lucent one step closer to completion

Technology

According to California, Uber driver is employee, not independent contractor

Wednesday
Jun172015

17 June 2015, Wednesday

Airlines

Turkish Airlines not leasing A380 superjumbos from Malaysia Airlines

Earnings

Astro’s Q1 profit jumps on higher EBITDA and lower depreciation expenses

Energy

Mudajaya looking to dispose of power plants in India and Malaysia

Insurance

MAA, Zurich Insurance can begin talks on MAA Takaful stake

GST has not had much impact on general insurance

Investment

1MDB debunks various claims by former PM

Legislation

Offence to pose as professional under Allied Health Professions Bill 2015

Whistleblower Protection Act 2010 may be amended

Plantations

Employees Provident Fund unhappy with Felda Global Ventures buying into Eagle High

Property

Eco World pumps money into two new developments in Johor

Boustead Plantations expects gain of RM122 million from Johor disposals

KUB seeks partner for RM250 million tower project

Sport

Wei Feng ends Malaysia’s 14-year wait for badminton men’s singles gold in SE Asian Games

Takaful

Fitch ceases coverage of MNRB Retakaful

Utilities

Puncak Niaga may sue if Selangor water restructuring exercise not completed by July

Pengurusan Aset Air confident talks with Selangor government will conclude by end-June

ASIA

Capital markets

IMAX China planning to raise US$300 million in Hong Kong IPO

Food manufacturing

Nestlé India destroys instant noodles worth more than £32 million

Islamic capital market

Brunei latest to consider issuing Sukuk

AUSTRALIA

Capital markets

Revival in IPOs proving short-lived

Contract

Verbal agreements can be just as enforceable as written ones

Real estate

Malaysia’s PJ Development proposes residential towers, commercial office and hotel in Southbank

EUROPE

Competition

Decision on proposed merger of Ball and Rexam by July

Intellectual property

Shape of Lego’s mini-figures is a protected trademark

SINGAPORE

Insurance

Etiqa assigned IFS rating of ‘A’

Intellectual property

US Polo Association can register black-and-white trademark featuring two polo players on horseback

Real estate

Prices of luxury homes may have already bottomed

UK

Construction

Need for absolute clarity on wording of standard required of contractor

Judgment

Real estate

Supreme Court refuses to rewrite bargain between landlord and tenants

Judgment

US

Consumer goods

Coty’s acquisition of Procter & Gamble’s beauty assets could take two weeks to finalise

Mergers and acquisitions

PE firms Blackstone and Carlyle making joint bid for NCR

Oil and gas

Federal Trade Commission approves Shell-BG deal

Tuesday
Jun162015

16 June 2015, Tuesday

Airlines

GMT report dismissed as ‘garbage’; AirAsia executives meet with spooked investors

Autos

Proton joining forces with Japan’s Suzuki

Capital markets

Securities Commission introduces new guidelines under lodge and launch framework

Healthcare

IHH aiming to add 3,000 beds by 2017, on lookout for M&A to grow

Oil and gas

SapuraKencana’s Q1 profit halved

MISC acquires Petronas Maritime Services for RM54 million cash

Plantations

Analysts give thumbs down to Felda Global Ventures’ proposed acquisition of Eagle High stake

FGV urged to call off deal

Property

Ibraco spreads its wings to Peninsular Malaysia

Lembaga Tabung Haji yet to sell Tun Razak Exchange land despite earlier pledge

SP Setia’s Q2 profit up 206%

UEM Sunrise wants to acquire land in UK and Australia

Technology

Huawei opens Asia Pacific Digital Cloud Exchange in Iskandar Malaysia

AUSTRALIA

Employment

Mechanic’s abusive outburst at boss was misconduct sufficient to justify summary dismissal

Insurance

Berkshire Hathaway takes up 3.7% stake in Insurance Australia Group for A$500 million

Telecommunications

Stage set for TPG Telecom to become Telstra’s most serious rival

CANADA

Real estate

Sun Life acquiring Bentall Kennedy for C$560 million

Retail

Hudson’s Bay buys German department store chain Kaufhof as launch pad to expand into Europe

Deal comes as HBC has its hands full revitalising and expanding Saks Fifth Avenue stores

GLOBAL

Insurance

Insurers struggle with innovation strategies

Media

Harder for traditional news outlets to make money

Wealth

Asia Pacific now world’s second-wealthiest region, will overtake North America this year

INDONESIA

Islamic finance

Indonesia takes on challenge of creating Islamic megabank

Telecommunications

Indonesia’s MNC vying with XL Axiata and Indosat for control of Link Net

SINGAPORE

Property

ECG in expansion mode, opening offices in Bangkok and Shanghai by December

Telecommunications

Singtel, M1 and StarHub ceasing 2G mobile services from April 2017

UK

Financial services

Legal & General seeks buyers for French units

Aviva slimming down

Travel

Thomas Cook sets up JV with Fosun

US

Bankruptcy

Storied gun maker Colt files for Chapter 11

Retail

Gap closing 175 stores as brand struggles to turn around business mired in long sales slump

Monday
Jun152015

15 June 2015, Monday

Airlines

AirAsia plans convertible bond issue at Philippines and Indonesian associates

Capital markets

YFG granted another two months to rectify and reissue audited financial statements

Construction

Ikhmas Jaya set to join Pintaras Jaya, Econpile on Main Market

UEM plans to expand highway concession business in Indonesia

Zelan to focus on local jobs for now

Entertainment

iflix set to change local pay-TV landscape

Healthcare

IHH’s Turkish unit to post currency losses following slump in lira

Investment

PM pledges to solve controversies surrounding 1MDB by end-2015

Oil and gas

Malaysia on track to become regional OGSE hub in two years

Property

Sabah’s property market stagnant in H1

Former president/CEO of Petronas joining Enra as director

1MDB looking for suitors to invest in Bandar Malaysia

Dutamas can become a prime residential address in Kuala Lumpur

Retail

7-Eleven Malaysia ramping up e-commerce platform, opening 200 new stores

Savings

Former manager cannot withdraw entire EPF contributions to pay for surgery

Technology

Lenovo will continue to invest more in Malaysia

Rising demand for bandwidth capacity in Asia-Pacific paves way for TdC’s expansion

Transport

Opportune time to kick-start Kuala Lumpur-Singapore HSR

ASIA

Autos

Honda insider to navigate company out of global auto safety crisis

Banks

HSBC’s plan to beef up presence in Pearl River Delta faces potential pitfalls

Corporate governance

Japan’s new code takes effect

Mergers and acquisitions

Prospect of a bad deal for Samsung C&T shareholders makes some ‘ants’ unusually vocal

EUROPE

Banks

New Credit Suisse CEO could buy smaller banks, continue to poach bankers

Real estate

Wealthy Asia-based investors looking for bargains on speculation euro is bottoming out

SINGAPORE

Oil and gas

Ezra division clinches global contracts valued at more than US$115 million

Real estate

Mapletree Greater China Commercial Trust Management acquires Sandhill Plaza

Longcheer to acquire Pacific Star’s 51% interest in Puteri Cove Residences & Quayside

UK

Arbitration

Awards that are final as to issues they determine must be challenged in a timely manner

Capital markets

Former chairman of London Metal Exchange lined up for same role at London Stock Exchange

US

Media

Murdoch brothers’ ability to work together one of the keys to Fox’s future

Family transitions strain under patriarch's reluctance to let go

Technology

Investors must stop pushing Twitter to be next big social media network