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Daily News

 

Thursday
Jan072016

7 January 2016, Thursday

Airlines

AirAsia sets up US$1 billion financing plan

Suitcase snafu could further alienate travellers from an airline struggling to win back passengers

Boeing 777-200ER pilots have until tomorrow to accept mutual separation scheme

Autos

UMW Toyota’s sales down last year

Business

‘Cheap sale’ allowed only if there’s a discount on 70% of goods

Capital markets

Potential listing of TauRX on Nasdaq could provide catalyst to Genting’s share price

1 Utopia to trade as Sterling Progress from tomorrow

Islamic capital market

Maybank Islamic predicts borrowing costs on Sukuk will climb to a record

Legislation

Law associations voice concerns over controversial National Security Council Bill

Mining

Corruption detected in Pahang; MACC vows action

Three-month ban on bauxite mining in Pahang starting next Friday

Property

Sector faces another challenging year ahead

1MDB clarifies deal with Iskandar Waterfront-China Railway consortium

Sentoria makes maiden foray into Kedah

Tax

Doctors with own firms providing medical services to hospitals hounded for wrongly declaring taxes

Telecommunications

Telekom Malaysia implementing e-billing for Streamyx, UniFi in July

Transport

Penang government, ministry to discuss takeover of state’s iconic ferry service

ASIA

Mergers and acquisitions

More M&A expected in mainland China, rest of Asia after record high last year

Telecommunications

Indonesia’s XL Axiata selling some telecoms towers to repay debt

AUSTRALIA

Property

Adelaide in midst of huge public land selloff

Land values in New South Wales up nearly 20%; biggest growth in Sydney’s west

NSW government, owner of 277,400 properties, cashing in on boom

Retail

Laura Ashley Australia placed in administration; NZ, UK stores not affected by collapse

CANADA

Banks

Bank of Nova Scotia in talks to sell C$1 billion vendor and equipment financing portfolio

Real estate

Vancouver, Toronto had a busy year

GLOBAL

Commodities

Weak Chinese economy overriding reason for malaise surrounding global commodities landscape

Oil and gas

Deals should pick up as low oil prices close gap between buyer and seller expectations

SINGAPORE

Aviation

Bank of China’s aircraft-leasing arm expands fleet

Insurance

Canada’s Manulife strengthens multi-distribution strategy

Property

AccorHotels to manage new Sofitel hotels in Singapore, Malaysia for GuocoLand

UK

Employment

Former senior VP, in receipt of full pay, pays heavy price for refusing to do any work

Telecommunications

Dover possible site of 320m tower for high-frequency trades

US

Autos

Japanese automakers logged record sales in 2015; Toyota recorded all-time high sales for Lexus

Technology

Automotive empire strikes back at would-be disruptors of business model

Wednesday
Jan062016

6 January 2016, Wednesday

Aviation

Over 200 Malaysia Airlines pilots redundant as it phases out ageing Boeing 777-200ER fleet

Temporary ban on checked-in baggage lifted; flip flop latest in two tumultuous years for carrier

Authorities urged to widen search area for missing MH370

Capital markets

South Korean plastics manufacturer Lotte Chemical undecided on Malaysian IPO

NCB to be delisted on 28 January

Courts

Omesti secures RM31 million contract for second phase of e-Courts digitisation programme

Employment

2016 could see more retrenchments and companies ceasing operations

Infrastructure

MyHSR: Hefty price tags bandied about for KL-Singapore HSR ‘purely speculation’

European rail companies — including Siemens, Alstom, Talgo and CAF — preparing bid

Cashless toll system for all Klang Valley highways by end-2016

Property

Agile Real Estate launching residential project in Mont’ Kiara on Saturday

EcoWorld’s current valuation not justified

LBS Bina confident of meeting higher 2016 sales target

Mah Sing maintains sales target

1MDB’s disposal of 60% stake in Bandar Malaysia to Malaysian-Chinese group to be adjusted

1MDB’s valuation on deal may be too high

Penang-based Aspen in talks to go public in Malaysia, Singapore

UEM Edgenta, formerly Faber Group, excited about township management

Takaful

Regulatory, legal and accounting environments key areas of development

Telecommunications

Heavyweights will remain under pressure

ASIA

Banks

Barclays trimming IB jobs next week, weighing up sale of Asian private wealth business

Mitsubishi UFJ’s R&D unit for fintech to be unveiled Friday

Capital markets

Goldman Sachs, BOC International tapped for possibly world’s biggest listing by an aircraft lessor

Employment

Ex-Nomura MD wins compensation but not reinstatement

AUSTRALIA

Autos

Luxury car sales soaring

Retail

Greed of Dick Smith’s previous PE owners to blame for iconic electrical retailer’s collapse

PE misses have tended to dominate the hits

Quick turnaround should have sounded alarm bells for investors

EUROPE

Autos

Images of 2017 Mercedes-Benz E-Class leaked ahead of official reveal

Telecommunications

France’s Orange, Bouygues in merger talks; deal would mean a return to three mobile operators

GLOBAL

Airlines

Qantas still world’s safest carrier

Autos

The only cars you should be upgrading to in 2016

Mergers and acquisitions

Firms more optimistic about pursuing M&A than in 2015, healthcare again set to drive dealmaking

Property

Hong Kong, Singapore and Paris expected to see price declines

SINGAPORE

Capital markets

Canada’s Manulife Financial may revive REIT IPO after shelving it last year

Real estate

Jardine Strategic’s Mandarin Oriental acquiring Boston hotel, freehold site for US$140 million

Property agents ferrying commuters amid plunge in sales volumes

UK

Employment

Long-serving worker who had accumulated warnings over persistent lateness was fairly dismissed

Retail

Home Retail, owner of Argos, on Sainsbury’s shopping list

US

Autos

Aston Martin’s ex-designer sues for US$100 million

Financial services

2015 toughest year for wayward brokers since 2001

Technology

Twitter CEO hints at service lifting trademark 140-character limit

Tuesday
Jan052016

5 January 2016, Tuesday

Administrative law

Administrative decision by ‘pendaftar Muallaf’ subject to judicial review, civil court has jurisdiction

Autos

Mercedes-Benz maintaining prices

Banks

RHB ready for difficult business and operating environment

Capital markets

Bankers brace for tepid IPO market

Eastspring Investments sees local stock market improving in H2

Lembaga Tabung Haji no longer substantial shareholder in Borneo Aqua Harvest

Energy

Sarawak Cable taking on two more JV hydro power plant projects in Indonesia

Islamic finance

Asian Finance Bank CEO retires

Tenaga Nasional’s planned Sukuk will be Malaysia’s first since US Fed rate hike in December

Logistics

Kerry Properties unit opens IT hub in Penang, eyes double-digit growth from SE Asia by FY20

Management

PM’s younger brother resigns from 7-Eleven Malaysia

Former senior VP at Bank Pembangunan appointed TDM’s new group CEO

Manufacturing

Operating conditions continue to worsen at slower, but solid, rate

ConnectCounty Holdings expanding in China

Oil and gas

Fuel retailer Petronas Dagangan focusing on inventories this year

SapuraKencana warns of downturn that could be worse than in 1980s

Plantations

Jaya Tiasa cleared of any illegal logging activities, ceases planting on remaining land bank

Property

Confusion over exact value of 1MDB’s sale of 60% stake in Bandar Malaysia

Whopping price tag considered reasonable

Developers with land bank in Seremban, Johor main beneficiaries of proposed KL-Singapore HSR

Ikhmas Jaya to undertake construction of ‘suite’ serviced apartments for Bina Puri subsidiary

IOI Properties on track to achieve RM2 billion sales target despite soft market

Construction of Phase 2 of IOI City Mall before year-end

Sunway raises sales target for FY16

Kampung Kuchai in Ipoh catches attention of property developers

ASIA

Innovation

Japan aspiring to be top-ranked nation by early 2018

Shipping

Former rivals COSCO, China Shipping will become new entity after merging

Technology

Alibaba’s finance arm in second round of fundraising

Camera on Samsung Galaxy S7 may be shrunk

AUSTRALIA

Financial services

New requirements for financial advisers effective from July 2017

Retail

Dick Smith enters administration two years after A$534 million listing

Shipping

Circumstances in which a vessel can now be arrested for maritime lien have expanded

EUROPE

Autos

Flat Milan debut for Ferrari; parent Fiat Chrysler left to fight future alone

Mergers and acquisitions

Takeovers temporarily off Carlsberg’s agenda

Technology

Finland’s Nokia and French counterpart Alcatel-Lucent start combining operations next week

SINGAPORE

Airlines

Singapore Airlines raises offer price for Tiger Airways to try to seal privatisation of budget carrier

Property

GIC in JV with CPP Investment Board, Scion to acquire US student housing portfolio

Technology

London-based Entrepreneur may expand to Singapore

UK

Healthcare

British American Tobacco’s e-Voke first such product to be given drug licence in UK

London’s oldest and most famous private psychiatric hospital sold to US chain Acadia

Property

Best and the worst of London property in 2015

Tax

HSBC escapes formal action over tax evasion scandal at Swiss arm

US

Autos

General Motors’ first female CEO now also its first female chairman

Civil lawsuit filed against Volkswagen for allegedly violating Clean Air Act

Entertainment

China’s Dalian Wanda signals intent to become major player in US entertainment industry

Real estate

Foreign purchases of US property set to rise; New York still top target worldwide

Technology

General Motors, Lyft to develop on-demand network of autonomous vehicles

Next fight all about shaping business model of personal mobility

Monday
Jan042016

4 January 2016, Monday

Airlines

Year ahead should be better than 2015

Banks

Malaysian, Australian and Indian central bank governors’ terms are up

Beverages

Loob Holding eyes Bursa Malaysia listing in two years, plans to venture beyond F&B sector

Capital markets

Sarawak-related stocks in the spotlight

Constitutional law

Validity of children’s conversion by Muslim convert father can only be determined by Syariah Court

Construction

Penang’s industry expected to stay flat

Earnings

EITA Resources scouting for expansion opportunities in electrical, electronics components section

Graft

Baitulmal Professional Institute CEO files injunction against suspension after reporting corruption

MACC probe into money in PM’s private accounts before GE13 now with attorney general

Healthcare

More private clinics closing down due to rising costs

Infrastructure

Malaysia, Singapore agree on two HSR services

Insurance

Commercial insurance sector to grow

Tune Protect optimistic of maintaining strong sales growth

Islamic finance

New global standard to make gold’s use more cost effective could be welcomed

Mining

Malaysia pushing to suspend bauxite mining

Real estate

Another challenging year for local market; Kajang, Semenyih, Rawang, Cheras and Ijok ‘hot’ areas

Bandar Malaysia transaction will further help 1MDB cut debt

Intermark Mall could nudge Pavilion REIT’s FY16E investment property portfolio by 3%

Rental for top grade offices likely to come under pressure

Technology

Uber Malaysia views regulatory challenges as opportunities, not issues

Latest move will further rankle taxi drivers

Telecommunications

Malaysian users of prepaid cards will receive GST rebates within 24 hours of topping up accounts

ASIA

Capital markets

New World Development planning to take US$7 billion China unit private

Tax

Indonesia’s quest for short-term budget boost risks exacerbating perennial tax evasion

AUSTRALIA

Insurance

IAG braces for potentially devastating bushfire, hail and storms

Property

Tighter lending rules, higher mortgage rates take heat out of Sydney market

Sydney home prices record worst quarter in four years

GLOBAL

Mergers and acquisitions

Bankers, lawyers in for a busy 2016

Oil and gas

International oil companies again forced to cut spending, sell assets, shed jobs and delay projects

SINGAPORE

Capital markets

Fixing IPO pipeline may not be enough to revitalise Singapore Exchange against issues

Real estate

Yoma Strategic’s lease for landmark hotel project in Myanmar extended till 2048

CEO has big plans lined up for company

UK

Contract

Television channel had no right to terminate agreement to produce reality TV shows

Retail

Marks & Spencer parts ways with head of new loyalty scheme over alleged use of racist language

Wednesday
Dec232015

23 December 2015, Wednesday

Administrative law

Arrest and detention of Muslim scholar and activist ruled illegal

Octogenarian hopes Jawi will withdraw charges

Airlines

Germany’s Airpas will support Malaysia Airlines on its return to profitability

Autos

Industry needs to gear up for more challenging open market

Capital markets

PLB Engineering reclassified

Earnings

Aeon Credit posts Q3 profit of RM53 million

Magni-Tech’s Q2 profit rises on stronger US dollar

SapuraKencana Petroleum’s Q3 profit down 63%

Energy

Revised natural gas tariff for non-power sector comes into effect January

YTL Power makes second foray into Indonesia

Investment

Second wave of Chinese investment seen to be bigger, targeted

Legislation

Controversial National Security Council Bill 2015 passed without amendments

Oil and gas

Malaysia Marine and Heavy Engineering bags contracts for gas field, Rapid project

Property

Ewein to sign SPA for second parcel of land in Bandar Tanjong Pinang on Monday

FCW launching maiden development in Q3 2016

Mah Sing’s Lakeville Residence ready by end-2018

Utusan Melayu calls off RM7 million sale of industrial land

Tax

Inland Revenue Board stepping up efforts to address gaps in income tax collection system

Trade

Special parliamentary session next month to decide on country’s participation in TPPA

Transport

SPAD looking into role of Uber and other such apps in providing public passenger service

MCMC’s responsibility to regulate Uber, GrabCar

ASIA

Environment

Indonesia punishes companies for starting deadly forest fires, revokes licences for first time

Property

Anbang raises stake in China Vanke to 7%

Telecommunications

Deal-making in India’s telecoms industry heating up; Reliance, Aircel in merger talks

AUSTRALIA

Data protection

Some mobile phone data too remote from user to be included in definition of ‘personal information’

Legal services

Struggling Slater and Gordon could become target of class action by rival Maurice Blackburn

ACA Lawyers investigating possible class action against Slater and Gordon

EUROPE

Autos

‘Das Auto’ slogan won’t be accompanying famous VW badge in new advertising campaign

Oil and gas

Shell further trims spending plans for this year and 2016

GLOBAL

Aviation

Islamic finance especially attractive through asset-back financing structure

Intellectual property

Understanding the IP landscape is essential

SINGAPORE

Arbitration

Circumstances in which High Court will order stay of arbitral proceedings

Commodities

Noble sells remaining 49% stake in agribusiness to China’s Cofco

Property

New owner of The Verge plans to redevelop it into mixed project

UK

Legislation

Apple objects to proposed Investigatory Powers Bill

Mergers and acquisitions

Pearson puts the brakes on deal to buy Learndirect’s e-assessments business

US

Autos

VW must move with laser-like focus to correct original sin if it wants to go from ‘naughty to nice’

Mergers and acquisitions

Shire-Baxalta deal may be reached in coming weeks

Oil and gas

ConocoPhillips exits Russia

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