Search

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

Daily News

 

Thursday
Jun092016

9 June 2016, Thursday

Auditing

Baker Tilly Monteiro Heng quits as auditor of Scan Associates

Aviation

AirAsia promoting klia2 as Asian low-cost hub

AirAsia puts Ryanair and Southwest to shame

Capital markets

Five new constituents for FTSE4Good index

Construction

Steady outlook for local sector

Energy

Trive Property collaborating with Chinese firm on solar-related products

Healthcare

IHH’s Parkway Pantai to build 450-bed hospital in Shanghai via 70:30 JV

Legislation

Controversial National Security Council Act passed into law, but did not obtain express royal assent

Property

British American Tobacco disposing of factories, leasehold land for RM218 million cash

EcoWorld, Penang Development rescind letter of award for proposed Batu Kawan project

Hua Yang’s D’ecolake awarded certificate of completion and compliance

Retail

Retailers had expected sales to shrink, but not a dip this huge

Trade

Putrajaya working hard to ratify Trans Pacific Partnership Agreement

Utilities

Salcon Engineering clinches construction projects worth RM232 million

ASIA

Autos

Suzuki CEO stepping down but staying on as chairman

Beverages

Vietnam next key driver for Heineken’s growing APAC business

Mergers and acquisitions

AB InBev’s acquisition of SABMiller nearing Chinese approval

AUSTRALIA

Employment

Former assistant to Colliers CFO sues for sexual harassment

Tax

Oxfam calls for strengthening of multinational tax avoidance laws

EUROPE

Banks

Germany’s Commerzbank may store cash in vaults instead of parking it with European Central Bank

Intellectual property

Chocolate maker Mars told to stop selling M&Ms in Sweden

Sport

Russian tennis star’s career in tatters following two-year ITF ban

SINGAPORE

Finance

Proceeds of US$3 billion bond sale by troubled 1MDB didn’t pass through any Singapore bank

Real estate

A-REIT divesting logistics centre in China

Tuan Sing-Habitat JV to develop Batam site into integrated mixed development township

Wealth management

Singapore banks have to step up their game, and also pay heavily in order to make headway

UK

Accountancy

Deloitte investigated over audits of Serco

Real estate

Developers delaying new luxury-home projects in London

Even investors in Asia getting skittish

US

Banks

Morgan Stanley settles Securities and Exchange Commission charges for US$1 million

Real estate

Six-bedroom, eight-bath house an hour’s drive from Manhattan available for US$16 million

Wednesday
Jun082016

8 June 2016, Wednesday

Administrative law

EKVE developer can intervene in lawsuit to challenge decision to close Ampang Forest Park

Aviation

Malaysia Airlines should not unwind turnaround strategy

Capital markets

Don’t fall for get-rich-quick schemes promoted under guise of bond investments

SC statement

AmBank chairman no longer substantial shareholder in ECM Libra

Child protection

Authorities face increasing pressure to explain handling of convicted paedophile’s case

Energy

Ire-Tex Packaging venturing into solar energy

Environment

IOI made RSPO ‘scapegoat’; company feels punishment too severe

Call to all industries also to clean their operation and supply chain from deforestation

Insolvency

MMC’s Kontena Nasional contesting winding-up petition

Investment

1MDB reiterates strong liquidity position

Lembaga Tabung Haji could dispose of more assets to shore up profits

Property

Penang could see acceleration in high-rise developments next year

No sign yet things will improve in H2

Retail

Kim Teck Cheong subsidiary inks distributorship agreement with Anakku

Shipping

Sumatec Resources could lose up to US$13 million as guarantor for former subsidiary

Sport

Badminton ace on right track for Rio 2016 but still needs work on tactics, physical training

Telecommunications

Maxis in for challenging Q2

Responding to online revolution

Telenor CEO discusses challenges and opportunities in Asia

ASIA

Construction

Disputes in region still about 45% higher than global average

Technology

Scarce tech talent a huge drag on Indonesian sector

Dearth of HK unicorns stems partly from cultural norm that favours stable jobs

AUSTRALIA

Financial markets

National Australia Bank third of big four banks to be accused of rigging local equivalent of Libor

Retail

IKEA Australia testing online retail store by end-2016

EUROPE

Aviation

Dutch report details painstaking forensic process of piecing together clues to MH17 tragedy

‘Explosive papers’ seized in raid on private eye’s home

Employment

Rogue trader who almost bankrupted SocGén wins €400k payout

GLOBAL

Economy

World Bank downgrades growth forecast

Technology

Pace of sovereign investment in tech ventures picking up

Wealth

Asia-Pacific set to pass western Europe as second-richest region

SINGAPORE

Competition

Competition Commission seeks feedback on proposed changes to guidelines on financial penalties

Real estate

Frasers Centrepoint, Vietnam-listed JV partner building Ho Chi Minh City project

Tourism

Underwater World Singapore closing after 25 years

UK

Construction

What needs to be considered for someone to be classified as self-employed, worker or employee

Employment Appeal Tribunal decision

Oil and gas

Shell to scale down investment, exit up to 10 countries in cost-cutting drive

Company doing all that’s necessary to live within its means

Privacy

Investigatory Powers Bill passed

Real estate

Analysts warn of impending free fall in London property market

Retail

United Biscuits eyes London listing in 2020

Godiva seeking to open 190 stores in mainland China by end-2019

US

Insurance

PE firm Blackstone in advanced talks to acquire brokerage Acrisure

Real estate

BentleyForbes, which once owned Atlanta’s tallest skyscraper, on verge of vanishing

Retail

Ralph Lauren revamping operations to bolster sagging earnings

Rescue possible, but won’t be fast

Technology

Verizon plans second-round US$3 billion bid for Yahoo’s core internet business

Boutique investment bank helping sell 3,000 patents

Tuesday
Jun072016

7 June 2016, Tuesday

Airlines

RM3 billion from Khazanah Nasional adequate to see through Malaysia Airlines’ turnaround plan

Arbitration

Sime Darby dispute relating to O&G platform project in India referred to arbitration

Autos

Minister of Finance Inc pumping RM1 billion into Proton

Construction

KUB exits engineering and construction sector

Management

Announcement on new Lembaga Tabung Haji CEO next month

Maybank appoints new group CFO effective from July

Maybank Indonesia's rating reflects high likelihood of timely support from higher-rated parent

Media

Former New Straits Times editor raises questions about scandal-hit 1MDB

Plantations

Better quarters ahead for sector

IOI withdraws challenge proceeding against suspension of certifications by RSPO

Property

Mammoth Empire ready to divest Empire Shopping Gallery if there’s concrete offer

Global Oriental unit acquiring 113.2ha in Pahang to expand property development segment

Muhibbah Engineering to develop RM2 billion maritime hub in Kuantan

Penang-based Ideal Property lining up RM2.7 billion worth of condo projects

16 years’ jail, 30 strokes of the cane for dishonest agent

Telecommunications

Former Maxis head of planning and strategy is REDtone CFO

ASIA

Autos

Hyundai’s new G80 mid-sized sedan goes on sale in South Korea next month

Mergers and acquisitions

Chinese buyers likely to hold back in run-up to US presidential election

CANADA

Insolvency

Corporate dissolution necessary when business relationship turns sour

Real estate

Four Seasons Toronto for sale

KingSett Capital set to acquire half of nation’s second-tallest office building

EUROPE

Banks

Rothschild buying Compagnie Financiere Martin Maurel for €240 million

First time Rothschild has made an acquisition in France outside Paris

Sport

China’s Suning takes controlling stake in iconic Italian football club Inter Milan

SINGAPORE

Insurance

Great Eastern’s Vietnam business sold for S$48 million

Intellectual property

IPOS approves first loan application using IP as collateral

UK

Accountancy

KPMG’s work for fashion brand Ted Baker under scrutiny

Banks

HSBC details new structure for IB unit

US

Banks

Officials looking into US$3 billion Goldman Sachs raised for 1MDB

Focus is on whether bank failed to comply with Bank Secrecy Act

Oil and gas

Devon Energy selling assets in Texas for US$1 billion

Real estate

Playboy mansion sold to next-door neighbour, who hopes to eventually connect both properties

Zillow and News Corp-owned Move settle legal stoush stemming from hiring of executives

Monday
Jun062016

6 June 2016, Monday

Airlines

MH1 passengers and crew injured because of severe turbulence

Banks

Local banks posting lower NPL ratios

Capital markets

Co-founder of hospital group emerges as major shareholder in Mexter Technology

Insurance

AIA hopes to sign up 30,000 members for science-backed AIA Vitality by year-end

CIMB to distribute Sompo’s non-life insurance products

Tune Protect confident of maintaining double-digit growth in premium income

Investment

EPF contributors allowed one-time switch to Simpanan Syariah

Media

Astro targeting higher ARPU in five years

Oil and gas

Alam Maritim non-committal on prospects of returning to the black in H2

Property

Gamuda Land expects maiden Australian project to be fully taken up by 2018

Construction of second phase of IJM’s The Light Waterfront to start by year-end

SP Setia proposes rights issue

Eastern & Oriental’s group MD now its  single largest shareholder

Retail

Malaysia achieves highest ranking in AT Kearney Global Retail Development Index

Parkson’s razor-thin margins cut further, could finish full FY in the red for first time in 10 years

Shipping

Malaysian Shipowners’ Association, Bank Pembangunan in talks to set up Danakapal

Sport

National badminton ace cements return to world No 1 spot

Trade

Trans-Pacific Partnership Agreement a huge ‘building block’ for free trade

ASIA

Autos

Jaguar Land Rover sues Chinese automaker for copycat Range Rover Evoque

Capital markets

Hotel Lotte postpones investor meetings due to begin today for jumbo IPO

Food and beverage

Nestlé banking on e-commerce sales to revive struggling Chinese business

Technology

Japan’s Line plans to go public in Tokyo and New York in July

AUSTRALIA

Competition

Woolworths fined A$9 million

Insurance

Insurers bracing for deluge of property damage claims

EUROPE

Autos

BMW updating zero-emission vehicles after lacklustre response to i3

Aviation

Investigation into downing of MH17 at ‘advanced stage’

Banks

Credit Suisse traders grumble about CEO’s plans for future of Swiss bank

SINGAPORE

Legal profession

Law firms more ‘cautious’ in hiring fresh grads

Real estate

Qatar Investment Authority acquires Asia Square Tower 1; biggest office deal in city-state

Singapore still on the map of foreign investors despite sluggish market, weak economic outlook

Retail

‘Shoppers’ paradise’ takes a pummelling

Technology

Facebook co-founder may have found a winner in little-known house-hunting service

UK

Insurance

Treasury’s most senior civil servant in pole position to be next chairman of Legal & General

Pharmaceuticals

Mereo BioPharma to list on London’s junior AIM market

Real estate

Investors writing clauses into contracts giving buyers right to walk away in case of Brexit

Technology

London-based food delivery network Deliveroo’s revenue due to hit £130 million

US

Retail

7-Eleven buying 79 gas stations and convenience stores in California and Wyoming

Sport

Boxing legend leaves opportunity for beneficiaries to make millions

Ali not necessarily crowned ‘The Greatest’ for what he did in the ring

Man known for verbal dexterity was dyslexic

Friday
Jun032016

3 June 2016, Friday

Aviation

Families of six MH17 crew members file suit against Malaysia Airlines and successor company

Malaysia Airlines keen to develop charter business segment

Aircraft leasing booming in Asia Pacific

Leasing firms may be hurt by cheaper oil

Capital markets

Time dotCom still assessing special dividends

Construction

Econpile secures RM208 million contract from Oxley Rising

Employment

Federal Court gives room for sexually harassed employees to file civil suit to claim damages against perpetrators

Financial services

Labuan authorities on promotion drive to draw attention of wealthy businessmen

Insurance

Cautious consumer sentiment and economic headwinds seen to slow sector’s premium growth

Oil and gas

UMW Oil & Gas teaming up with foreign partners for first time to venture outside of SE Asia

Parent extends RM308 million loan

JX Nippon Oil & Energy pumping ¥60 billion into LNG plant to be built by Petronas

Sona Petroleum’s proposed acquisition of Australia’s Stag Oilfield terminated

Muhibbah on lookout for companies involved in activities related to Favco’s crane-building business

Plantations

Having divested ‘toxic assets’, FGV concentrates on fixing up current portfolio

Property

Pros and cons to living atop a mall

Damansara Realty plans to raise up to RM150 million by issuing redeemable convertible notes

EcoWorld launching Harmoni apartments in Eco Majestic township in Q3

Tax

Customs clamping down on online traders yet to register for GST

ASIA

Autos

China’s Ningbo Joyson eyeing Takata for expansion of safety-components business

Islamic finance

Brunei needs to explore strengths, and then build on those opportunities

GLOBAL

Airlines

Industry expected to have most lucrative year in history

IATA to state position on black box recovery by end-2016

Islamic finance

Important reforms necessary if industry is to play full part in revitalising economies of OIC countries

SINGAPORE

Commodities

Singapore-listed Noble’s founder, chairman and biggest shareholder stepping down

Real estate

Presence of foreign players gives healthy competition to local developers, helps raise standards

UK

Retail

BHS to disappear from British high streets after 90 years; biggest failure in retail since Woolworths

Several clear reasons why end of the road was unsurprising

Sport

English Premier League still highest revenue-generating football league in the world

US

Mergers and acquisitions

Johnson & Johnson adds OGX shampoos, FX hair styling products to consumer portfolio

Conglomerate’s obesity has created ailments from poor M&A digestion to mediocre shareholder returns

Real estate

Hilton’s planned spinoff will create second-largest publicly traded REIT in lodgings industry

Page 1 ... 2 3 4 5 6 ... 310 Next 5 Entries »