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Daily News

 

Monday
Jan262015

26 January 2015, Monday

Aviation

KLIA Aeropolis envisaged to take KLIA to next level

Incoming CEO of Malaysia Airlines has to first decide on its focus

Banks

Acting CEO’s real journey in CIMB has just begun

Education

Blueprint for Higher Education 2015-25 expected in March

Energy

Sarawak Energy in talks with and Brunei authorities on export of renewable energy

Food and beverage

Fraser & Neave renews licences

Investment

Opportunities abound in equities

Equities seen as ideal investment choice

Islamic capital market

Cagamas targeting new investors across MidEast and Europe for first foreign currency Sukuk

Property

Penang may see flurry of activity in Q1

SP Setia more selective about launches

WCT eyeing RM2 billion worth of jobs

Rowdy protest against construction of Detum Jelatek luxury condominiums

Selangor Development Corporation to take legal action against trespassers

Quill City Mall newest landmark in Kuala Lumpur’s Golden Triangle

ASIA

Aviation

Second attempt to lift submerged fuselage of AirAsia QZ8501 fails

Banks

Bankers see yet more deals as Asia’s richest man steps up pace of overseas M&A

Property

China-based Country Garden’s IDR affirmed at ‘BB+’

Technology

South Korean conglomerate Samsung needs to make acquisitions

AUSTRALIA

Aviation

Australia, China in new air pact

Intellectual property

Licence to exploit multiple patents cannot be terminated until all licensed patents have expired

Property

Sydney’s Gold Fields House sold to China’s Dalian Wanda for A$415 million

EUROPE

Antitrust

Makers of Marlboro, Camel, Lucky Strike and Gauloise cigarettes accused of colluding to limit prices

Intellectual property

Trademark application for ‘Deluxe’ rejected

SINGAPORE

Airlines

Tiger Airways back in the black

Media

Major reorganisation at MediaCorp

Property

Rig builder Keppel offers to buy out real estate unit for S$3 billion

UK

Banks

StanChart seeking successor for CEO amid pressure from Temasek, Aberdeen Asset Management

Employment

What amounts to ‘place of work’ for mobile employees

Family law

Laura Ashley chairman a ‘feckless husband’

Negligence

Accountants Baker Tilly not liable as breach did not cause claimant’s loss

Judgment

Retail

Tycoon puts struggling department store chain BHS up for sale

Telecommunications

Planned takeover of O2 network could change UK mobile market dramatically

Hutchison Whampoa may need to make concessions to win approval for Three-O2 combination

Friday
Jan232015

23 January 2015, Friday

Aviation

Final report on MH17 tragedy after June

Banks

Forex reserves at lowest level since March 2011

Earnings

Tenaga Nasional’s Q1 profit surges on higher charges, sales of electricity

TNB facing stiff resistance in takeover of port operator Integrax

Gaming

Former KL Crime Investigation Department chief now senior VP of RGB International

Graft

Malaysia, Cameroon making little progress in tackling illegal logging

Insurance

Tune Ins finds regulatory hurdles in Indonesia tougher than expected

Legislation

Authorities urged to reassess purview of Shariah criminal laws

Oil and gas

Ni Hsin’s O&G venture on hold, still in talks with Ideal Jacobs as a partner

Property

Lacklustre performance to continue

GuocoLand’s Q2 profit down 75%

Ivory Properties sells entire 49% stake in Aspen Vision Land for RM55 million

Kimlun secures RM230 million contract from UEM Sunrise unit

Eastern & Oriental launches exclusive Penang condo project in Taiwan

Slower growth forecast, fiscal consolidation create opportunities for PR1MA

Developers see ‘silver lining’ in weaker ringgit

Telecommunications

DiGi seeks active role in digitisation of Malaysia

Refreshed brand incorporates new logo and motto

Tort

Reporter stands by her article

ASIA

Legal services

Dacheng Law Offices of Beijing and Dentons forming world’s biggest law firm

Technology

Huawei looks to Europe for growth

AUSTRALIA

Aviation

Australia calls for expressions of interest in recovery of missing MH370

Employment

Workplace policy contained mutual obligations that were capable of precise identification

CANADA

Competition

Supreme Court foils Competition Bureau’s bid to unwind merger in oil-waste landfill business

Commissioner failed to quantify merger’s 'anti-competitive effects'

Employment

Manager not obligated to accept changed position

Importance of a clear and thorough contract

No ‘one-size-fits-all’ approach to addressing inappropriate use of social media

EUROPE

Competition

Decision on proposed Mondelez-DE Master Blenders merger by 13 May

Mergers and acquisitions

Blackstone consortium, Ireland’s CRH battling for Lafarge and Holcim assets

GLOBAL

Health

E-cigs helping tobacco companies transform their image

Sport

Real Madrid world’s richest football club for 10th year running

SINGAPORE

Banks

OCBC targeting Chinese companies expanding into Myanmar

Earnings

Keppel’s full-year profit beats analysts’ consensus

Property

Fewer real estate agents entering industry

Telecommunications

Singtel’s new brand identity in 16 years

UK

Insurance

Willis taking up 85% stake in Miller; deal expected to be completed in Q2

Intellectual property

Pop star Rihanna wins lawsuit against Topshop

Sale of T-shirt bearing Rihanna’s image amounted to passing off

Private equity

Rail ticket website’s planned IPO derailed

Property

China’s Ping An Insurance new owner of Tower Place

Telecommunications

Hutchison Whampoa acquires Telefonica unit O2 for more than £10 billion

US

Airlines

NTSB recommends tamper-proof tracking equipment, video recorders in cockpits

Banks

Royal Bank of Canada buys LA ‘banker to the stars’, City National

Transaction a 'win-win deal'

Mergers and acquisitions

Cosmetics seller Avon Products a candidate for LBO

Property

Japan’s Mitsui Fudosan makes largest overseas investment

Thursday
Jan222015

22 January 2015, Thursday

Administrative law

Church’s long battle to use ‘Allah’ in newsweekly Herald comes to an end

Lawyer hopeful issues central to case could be revisited

Putrajaya can keep Christian CDs pending outcome of appeal

Federal Constitution restricts Islamic legislation to marriage, divorce and inheritance

Autos

MAA doubts whether implementation of GST would reduce car prices

Honda Malaysia sets ambitious sales target

Cars slightly cheaper after April

Aviation

Stakeholders, MoF in talks to exempt passenger service charges from GST

Former president/CEO of Air Canada wooed for senior position in AirAsia X

Adequate measures taken to find MH370, says Department of Civil Aviation chief

Capital markets

Tenaga Nasional set to overtake Maybank as biggest company by market value

Corporate governance

PIDM chairman joins 1MDB panel of advisors

Criminal law

Policeman convicted of Mongolian model’s murder arrested in Brisbane

Extradition unlikely

Economy

Financial position of 1MDB a source of uncertainty

Oil and gas

Petronas dividend for 2015 will be lower

Property

China’s Greenland acquires prime waterfront land for RM2.4 billion

Disclosure to Bursa Malaysia substantially later than media statement

Residents campaign to prevent Batu Ferringhi being turned into overcrowded neighbourhood

CEO of CapitaMalls Malaysia REIT Management expects challenging year

Sport

March’s Malaysian GP to start earlier

ASIA

Aviation

Warning alarms ‘screaming’ as pilots scrambled to stabilise doomed AirAsia QZ8501

Full preliminary AirAsia crash report won’t be made public

Insurance

E-commerce company Alibaba eyeing shares in New China Life Insurance

AUSTRALIA

Aviation

Launch of Indonesia AirAsia X’s inaugural Bali-Melbourne flight delayed indefinitely

Employment

Australia Post liable to pay worker compensation for his back injury

Intellectual property

‘JE SUIS CHARLIE’ and terms evocative of terrorist attacks, tragic events not registrable as trademarks

GLOBAL

Autos

Toyota takes industry crown for third year straight

Volkswagen could overtake Toyota

Banks

Bloodletting at banks not letting up

SINGAPORE

Aviation

Rolls-Royce’s locally-made Trent 1000 engine to power Scoot’s new fleet

Earnings

Singapore Exchange’s Q2 profit up

Property

Perks used to entice buyers of luxury apartments under scrutiny

UK

Employment

Tribunal ‘obviously wrong’ not to grant ‘plainly unwell’ manager brief adjournment

Laws on plain cigarette packaging coming into force next year

US

Earnings

American Express cutting jobs; Q4 earnings slightly beat expectations

Mergers and acquisitions

France-based Alstom getting more money from General Electric

Oil and gas

Halliburton and Schlumberger vying for more market share

Shareholder seeks halt to sale of Talisman Energy

Property

New high-priced condos and mansions coming to market as foreigners see purchasing power wane

Wednesday
Jan212015

21 January 2015, Wednesday

Administrative law

Church’s final shot at pursuing right to use ‘Allah’ in weekly newspaper

Application for enlarged bench rejected

Airlines

Brahim’s Holdings confident of retaining concession with Malaysia Airline Bhd

Autos

APM Automotive should benefit from new tie-up with Berjaya Auto

India’s Tata Motors re-enters Malaysia, venturing into commercial vehicle segment

Beverages

Fraser & Neave looking to expand export market, product range

Economy

Malaysia riskiest credit market in SE Asia

Revised Budget 2015 assumes global oil price of US$55 a barrel

Full text of the PM’s speech

Islamic finance

US$3 billion injection for Malaysian Sukuk in March

Media

Media Chinese quashes talk of shake-up involving Chinese-language newspapers

Property

Residential strata property placed under exempt supply list of GST

Axis REIT’s AUM surpass RM2 billion mark for first time

Water services

Disruption of supply in Hulu Langat and Sepang, Selangor from 8pm

ASIA

Aviation

AirAsia QZ8501’s ascent ‘beyond normal’ speed before it stalled

Telecommunications

Indonesia’s Telkom not acquiring New Zealand’s 2 Degrees

AUSTRALIA

Employment

Willis broker awarded A$300k following wrongful dismissal for drunken behaviour at conference

Energy

Infigen Energy explores sale of 18 US wind farms

EUROPE

Autos

Audi seeks to dethrone BMW as world’s largest premium-car maker by 2020

Energy

Overinvestment in RE has created huge overcapacity in Europe

GLOBAL

Islamic finance

Updated S&P criteria distinguish more clearly between issuers and sponsors of Sukuk

Oil and gas

Small companies shelving IPOs; new listings may stop completely this year

SINGAPORE

Capital markets

Trading of shares in Keppel Corp, Keppel Land halted

Financial markets

Nod for Deutsche Boerse to set up clearing house

UK

Islamic finance

Gatehouse Bank’s new CMBS-style transaction backed by direct legal ownership of property

Mergers and acquisitions

Asia’s richest man splurges on new train set

Property

Celebrity chef held personally liable for rent on London pub

Britain’s most expensive one-bedroom flat on the market for £10 million

US

Financial services

Standard & Poor’s suspended a year

Oil and gas

Baker Hughes and Halliburton cutting jobs as drilling activity slows further

Property

Blackstone acquiring 36 apartment properties from Praedium

Chicago’s 60-storey glass-sheathed tower changes hands for US$328 million

Chinese developer plans 95-storey condo tower in New Jersey

Technology

One-time world tech leader IBM’s profit outlook disappoints

Tuesday
Jan202015

20 January 2015, Tuesday

Administrative law

Age no obstacle to scholar’s legal battle against religious authorities

Autos

Lotus’ overall car sales improve

Capital markets

Chin Well poised to consolidate earnings of subsidiary in H2 FY15

Hytex Integrated delisted from Thursday

Economy

Malaysia cuts forecast for economic growth

National Service programme suspended

Putrajaya has room to trim operational costs for day-to-day running of ministries, departments

Postponement of GST on wish list

Islamic capital markets

IILM reissues US$860 million worth of three-month Sukuk

Registered Shariah advisers as at 31 December 2014

Property

Eastern & Oriental adds Landmark House and Thames Tower to London portfolio

MD sees potential for major refurbishment of both assets

Chairman of Battersea Project stepping down to focus on UK

Shareholders of IJM Land should vote in favour of privatisation exercise

Signature International eyeing projects in Johor Baru

Technology

MyEG explains appointment as sole provider of online renewal of foreigners’ work permits

NERS already contracted to handle migrant worker registration, work permits

Transport

Land Public Transport Commission ‘not serious’ about enforcement

ASIA

Aviation

No indication of terrorism in AirAsia crash

Oil and gas

Indonesia’s Pertamina to be revamped

Property

Chinese insurers flooding into global market for prime commercial real estate

Retail

France’s Carrefour not ruling out listing of Chinese unit

AUSTRALIA

Energy

Malaysia’s Malakoff, Singapore’s Keppel Infrastructure interested in sale of Alinta Energy

Insurance

QBE selling agency businesses in North America to Alliant

CANADA

Employment

Difference between constructive dismissal and simply not renewing fixed-term contract

Insurance

Broker committed decisive error that caused insured’s loss

EUROPE

Airlines

Lufthansa squabble with cabin crew over retirement benefits referred to mediation

Intellectual property

Nestlé accused of modifying Nespresso coffee machines to keep rivals’ capsules out of them

Swiss food giant not discouraged from investing in Egypt

GLOBAL

Islamic finance

Possible economic slowdown in Malaysia, GCC would hit demand for and supply of products

Wealth

1% of world’s population richer than other 99% by next year

Fortunes of world’s richest females only expected to improve in 2015

NEW ZEALAND

Arbitration

Parties cannot avoid promises to arbitrate by seeking High Court summary judgment instead

SC decision

Company law

Parent company may be liable for debts of subsidiary

Tax

Scope of Inland Revenue’s power to amend assessment to ensure correctness

SINGAPORE

Healthcare

Temasek in talks to acquire 18% stake in Global Health

Privacy

Domain name of local company deleted for masquerading as Do Not Call Registry

UK

Capital markets

167-year-old infrastructure group John Laing returns to public market

Contract

Binding settlement can be reached by exchange of emails

Insurance

Aviva cutting 1,500 jobs by end-2017, tight-lipped on which locations or roles would be hardest hit

Technology

SFO ends Autonomy-HP probe, US investigation ‘ongoing’

US

Entertainment

Amazon.com to produce original movies

DreamWorks Animation trimming workforce; restructuring comes after turbulent period

Technology

Google close to investing US$1 billion in fast-growing SpaceX

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