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Daily News

 

Monday
Jul062015

6 July 2015, Monday

Autos

Disparate fortunes have brought Proton to almost lowest ebb in three-decade history

Banks

Analysts not bullish on attractiveness of sector

Hong Leong Bank relocating HQ to Pusat Bandar Damansara

Capital markets

Keladi Maju now trading as JKG Land

Competition

How competition law works in Malaysia

Economy

Ringgit is Asia’s worst-performing exchange rate

Graft

Taskforce investigating ‘vile’ and ‘malicious’ allegations huge sums paid into PM’s accounts

Allegations come at very difficult time for PM even if not proven

Scandal surrounding alleged funds biggest crisis so far to engulf leader

Islamic finance

Alkhair International Islamic may issue USD-denominated Sukuk to fund expansion drive

Logistics

NCB yet to capitalise on synergies with Johor Port, Port of Tanjung Pelepas and Penang Port

Mining

Borneo Oil steps up investment in Pahang

Oil and gas

Earnings for sector expected to decline year-on-year

Reach Energy CEO sees bright future in O&G despite current market sentiment

Plantations

Felda Global Ventures confident of double-digit returns from Vietnam investments

Property

11 companies vying for National Sports Complex contract

Tussle over Ho Hup’s joint development project in Bukit Jalil winds to a close

Telecommunications

Still unclear when P1 will become profitable

Tort

National Feedlot Corp chairman files defamation suit against former business consultant

Penang CM in the wrong for calling opposition leader a racist grandmother

ASIA

Legal services

International law firms must jump three key hurdles in new Asean bloc

Mergers and acquisitions

Proposed US$8 billion merger of Samsung companies under attack from two directions

EUROPE

Autos

Jaguar Land Rover considering Poland and Slovakia for new plant

Banks

New Credit Suisse CEO promises ‘ruthlessly selective’ review of bank’s businesses

Finance

Future of Greece’s euro zone membership thrown into further doubt

SINGAPORE

Investment

Assets at Temasek surpass last year’s all-time high of S$223 billion

Oil and gas

France’s Total starts operations at new lubricant oil plant, largest such facility in the world

Total eyeing larger share of Asia's lubricants market

Real estate

MD of Colliers International Singapore leaving for CBRE

Canada’s Manulife Financial shelves REIT IPO

UK

Energy

Competition and Markets Authority won’t force Big Six to break up

Sport

CVC Capital Partners wants to keep controlling stake in Formula One

US

Insurance

Aetna to buy smaller rival Humana for US$37 billion in largest deal in industry to date

If deal blocked on antitrust grounds, Aetna would owe Humana US$1 billion fee

Legal services

Lawyers just starting to recognise LegalZoom, Modria sites as a threat

Friday
Jul032015

3 July 2015, Friday

Aviation

Top positions in four divisions at new airline still vacant

Malaysia among five nations seeking ‘criminal accountability’ for downing of MH17

Capital markets

Shares in Century Bond up on speculation of corporate exercise

Company law

Suit filed to annul Multi-Usage AGM

Constitutional law

Wrong for former chief justice to label judges as liberals

Food and beverage

Café chain Secret Recipe regains halal certification two months after it was revoked

Gaming

Genting’s ratings reflect continued strong market position in Malaysia and Singapore

Genting shareholders approve disposal of 17.8% stake in Genting Hong Kong

Investment

None of 1MDB’s funds in PM’s personal bank accounts

Islamic capital market

Pension fund KWAP turns to unrated Sukuk to help fill investment void

Management

Two new directors on Taliworks board

Media

The Edge ‘should know’ which articles on 1MDB inaccurate

Centre for Independent Journalism calls on minister to retract show-cause letter

Berita Publishing quitting magazine business

Oil and gas

Bursa-listed SPAC Reach Energy confident of securing qualifying asset by year-end

Property

Construction of Bandar Malaysia expected to start in 2017

Setapak an affordable option for buyers

Eco World targeting to launch three London projects within next two years

Chairman, CEO of MARA Inc suspended pending probe into contentious Australian deals

Country Heights liable to pay RM22.6 million in backdated tax if it loses appeal next Friday

Retail

Sales growth rate lowered a third time

Technology

Employees of pioneer ISP Jaring Communications want to know why it was sold so cheaply

Transport

KL cabbies rated world’s worst

List

ASIA

Aviation

TransAsia pilot mistakenly switched off plane’s only working engine seconds before crash

Islamic finance

Indonesia launches standard contract template for Shariah-compliant repurchase agreements

Real estate

Investors see surprisingly big opportunities in Japan’s property market

Buyers from China pushing prices higher

AUSTRALIA

Airlines

A$90 million bonus for Qantas staff

Energy

China’s Xinjiang Goldwind studying solar project in Australia

EUROPE

Antitrust

European Commission approves ChemChina’s €7 billion bid for Pirelli

Mondelez looking to sell French coffee brand Carte Noire

Autos

Jaguar Land Rover outsourcing production of certain future models to Austria

Mergers and acquisitions

Electrolux’s first non-Swede chief determined to see GE deal through

GLOBAL

Education

Trend of more women in the workforce set to continue

Mergers and acquisitions

Skadden Arps Slate Meagher & Flom top adviser in H1

Global deals at highest level since 2007

SINGAPORE

Banks

Proposed regime likely to leave support ratings for Singapore banks intact

Real estate

Monetary Authority of Singapore tweaks rules for REIT market

Changes 'balanced', but some had hoped for firmer stand on performance fees

UK

Construction

Correct interpretation of Engineering, Procurement, Construction contracts

Employment

Charity worker wrongfully fired after she refused to terminate pregnancy

Intellectual property

Promoter guilty of passing off UK Ukulele Orchestra as Ukulele Orchestra of Great Britain

US

Antitrust

Deals still getting approved despite uptick in antitrust enforcement

Mergers and acquisitions

HJ Heinz completes purchase of Kraft Foods

Murad joins Unilever portfolio of Prestige personal care brands

Oil and gas

BP reaches record settlement over 2010 Gulf of Mexico oil spill

Thursday
Jul022015

2 July 2015, Thursday

Administrative law

Court still sitting on written grounds of judgment six months after dismissing Muslim scholar’s case

Autos

B10 biodiesel compatible with Mercedes-Benz after all

Aviation

Search for missing MH370 resumes today

Banks

CIMB books RM443 million in costs from mutual separation scheme here and in Indonesia

Capital markets

Currency and stock rally short-lived if country doesn’t clean up 1MDB mess

Malaysia first Asean country to have legal framework on crowdfunding

Mulpha Land now trading as Thriven Global

Healthcare

IHH closer to opening first hospital in China with local partner

Islamic finance

Agrobank now a full-fledged Islamic bank

Media

The Edge gets show-cause letter

Ministry must clarify which of the articles are wrong

Oil and gas

Fitch expects Petronas’ free cash flows to remain largely neutral

Petronas doesn’t control price of petrol in the country

Property

Prime parcel on Jalan Tun Razak, KL for sale

UEM Sunrise upbeat on new project, Estuari Gardens @ Puteri Harbour

MARA Inc said to have overpaid for third Melbourne property by RM18 million

Australian panel to revalue MARA properties in Sydney and Melbourne

Former CEO of IJM appointed MD of Keladi Maju

Tadmax Resources sells Pulau Indah land parcel to Ivory Merge for RM294 million

Telecommunications

Telcos’ Q2 profits may fall short of expectations

Time dotCom declares special dividend for FY15

Expansion of Telekom Malaysia’s fibre business seen to continue

ASIA

Autos

Toyota’s most senior female executive quits

Banks

AIIB could be touchstone for China to demonstrate ideas and leadership

Mergers and acquisitions

Court ruling paves way for Samsung merger to proceed

AUSTRALIA

Intellectual property

Patentee should carefully assess validity of patent before threatening infringement

Retail

Woolworths testing interest in upmarket grocery chain Thomas Dux

EUROPE

Architecture

Paris approves first skyscraper in over 40 years

London needs to get real and catch up with Paris

Insurance

Zurich-based ACE acquiring upmarket property insurer Chubb for US$28 billion

SINGAPORE

Commodities

Singapore Diamond Investment Exchange starts trading in September

Corporate governance

Singapore Airlines ditching Ernst & Young for KPMG as auditor

Real estate

Ascott REIT expands footprint to US

UK

Architecture

22 Bishopsgate, tipped to change London’s profile, not even biggest skyscraper in the works

Legal services

Managing partner of Linklaters leaving for new role at Lloyds in surprise move

Sixth consecutive year of growth for Allen & Overy

US

Antitrust

Some airlines under probe for possible unlawful coordination

DoJ opposed to Electrolux plan to buy General Electric’s appliance business

Apple colluded with publishers to raise e-book prices

Employment

Seven-figure severance package for Coty CEO despite never serving a day

Financial services

Maybank NY hires 17-year veteran of Sumitomo Mitsui to heighten visibility

Intellectual property

Watchmaker Omega’s loss raises provocative questions

Real estate

Average home price in Manhattan hits new high

Wednesday
Jul012015

1 July 2015, Wednesday

Aviation

There should be more ships searching for missing MH370

Capital markets

Impressive debut for integrated logistics provider Xin Hwa

Earnings

Berjaya Corp anticipates a challenging FY16

Economy

Malaysia escapes Fitch downgrade

Employment

Mentri Besar Incorporated trying to recover RM2.7 million in severance payments from ex-staff

Infrastructure

Water meter manufacturer and construction outfit George Kent aims to grow order book

Islamic finance

Continued progress would depend on industry’s resourcefulness

Deputy governor’s speech

Plantations

Felda Global Ventures relying mostly on debt to fund Eagle High stake buy

Property

1MDB bringing in consultant to evaluate proposals to buy its Penang and Selangor land

Seasoned investors need proof, not just words

MRCB to get parcels of land around National Sports Complex in return for refurbishing facilities

UEM Land sells Imperia Building in Nusajaya for RM138 million cash

Technology

Need for new approaches in deploying technology tools and solutions for workplace

ASIA

Banks

Mitsubishi UFJ on lookout for bank with expertise in consumer banking

Technology

Japan’s Sony to plough into image sensors; move catches investors by surprise

AUSTRALIA

Employment

Employer partly to blame for drunken employee’s behaviour

Mergers and acquisitions

Rail freight operator Asciano in talks with Canada’s Brookfield Infrastructure

CANADA

Franchising

Cautionary tale on potential pitfalls of franchisee-franchisor relationship

Insurance

Sun Life will buy US-based Prime Advisors as it seeks to expand asset management operations

EUROPE

Mergers and acquisitions

German lighting group Osram in talks with potential buyers of lamps business

Telecommunications

Roaming charges scrapped from June 2017

SINGAPORE

Banks

Singapore moves to simplify regulations

Real estate

Mapletree Logistics Trust acquires first logistics property in Australia for A$253 million

UK

Banks

Libor-fixing case against Lloyds could set legal precedent

Media

New round of job cuts at BBC could run into high hundreds or more

US

Aviation

Airbus sued by families of passengers on board ill-fated AirAsia Indonesia QZ 8501

Bankruptcy

Native American tribe looking to make bid for 179-year-old firearms manufacturer Colt

Insurance

Broker Willis and HR consulting firm Towers Watson to combine companies

Tie-up appears to be one of relative peers

Mergers and acquisitions

Volume of deals in H1 approaching that of 2007, but some fear something could upend boom

Technology

Study suggests Google sometimes alters results to play up own content despite people’s preferences

Tuesday
Jun302015

30 June 2015, Tuesday

Banks

Economic situation not favourable for M&As

Malaysia holds off on joining Asian Infrastructure Investment Bank

Capital markets

Stock market may see more pain again

Sunway may list other businesses after July IPO of construction arm

Masterskill Education now trading as Asiamet Education

Energy

Date of operation for Project 3B postponed

Islamic finance

Sukuk sales set for best quarter in more than a year

Oil and gas

Yinson divests logistics and trading business to focus on FSPO business

Property

Five-star Acmar Hotel and Residence likely only ready in Q1 2016

I Bhd expects to sustain double-digit growth this year

Packaging manufacturer Scientex to expand land bank in Johor

Retail

BritishIndia suit against Suria KLCC over forced relocation begins

Technology

Taxi drivers protest against MyTeksi’s GrabCar service

UEM awarding tender for ambitious three-year IT project by end-2015

ASIA

Banks

Key questions that could determine AIIB’s success remain unanswered

Private equity

Sumitomo Mitsui close to buying General Electric’s European PE finance unit

AUSTRALIA

Accounting

More investors losing faith in Slater & Gordon

Insurance

Berkshire Hathaway expands operations in Australia

EUROPE

Antitrust

August deadline for Google to head off charges of abusing market power

Autos

BMW-Toyota programme to create midsize sports car ‘progressing according to plan’

Media

Discovery Communications secures European broadcast rights for four Olympics in landmark deal

GLOBAL

Entertainment

Boxers top Forbes list of highest-earning celebrities

Only 16 women in top 100

List

Mergers and acquisitions

Q2 stands out for number of mega deals clinched or attempted

SINGAPORE

Arbitration

Interim award that disposed of preliminary issue was enforceable

Insurance

Monetary Authority of Singapore proposes standardised fees for investment-linked policies

Mergers and acquisitions

Amphenol offers US$1.28 billion for FCI Asia

UK

Competition

Sky calls for inquiry into BT’s hold over national telecoms network

Media

BBC loses control of rights to Olympic Games from 2022

Negligence

Law firm Bird & Bird negligent in failing to inform clients buying London property of nearby development

US

Antitrust

Federal Trade Commission blocks proposed Sysco-US Foods deal

Technology

Microsoft moves out of display advertising and online mapmaking

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