LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

13 October 2021

COVID-19 UPDATE

More than enough vaccines to cover everyone by mid-2022 if doses not hoarded

Some of US’ most prominent cultural institutions quick to lay off workers after receiving aid

In Malaysia, resumption of interstate travel could see another spike in infections

Sarawak begins administering booster shots

MALAYSIA

Agriculture

FGV aiming for 3.5% share of local fragrant rice market by 2025 under Saji

Autos

Volvo Car MD shares plans for XC40 Recharge, thoughts on current electric vehicle policy

Aviation

AirAsia’s digital businesses have achieved unicorn status in record time

Malaysia Airlines parent may sell minority stake in MASkargo

Constitutional law

FC reserves judgment on SIS Forum’s challenge to Selangor Islamic Enactment provision

Gaming

Genting increases investment in US-based unit Empire Resorts

Legislation

Windfall Profit Levy (Amendment) Bill 2020 passed

Manufacturing

Lion Industries disposing of stake in Labuan-based steel mill under all-cash deal

Oil and gas

Petronas pursuing action to cancel arrest warrant for Sudan country manager

Property

Taiwan’s Sinyi Realty plans ultra-luxury five-star eco-tourism resort at Mengalum

MQ Technology acquires share in Oriental Link Properties to diversify revenue streams

Telecommunications

Axiata and Celcom units seek to strike out lawsuit by Tune Talk shareholders

Utilities

How will rising prices for natural gas and coal influence electricity costs?

Tenaga Nasional aspires to achieve net-zero emissions by 2050

ASIA

Autos

Honda first big Japanese carmaker to sell online

Technology

Fintech Hyphen in advanced talks to go public through merger with SPAC

AUSTRALIA

Energy

New South Wales aims to be producing 110,000 tonnes a year of green hydrogen by 2030

Real estate

Distinctive property with rich history goes to auction end-October

EUROPE

Antitrust

Stora Enso, Metsa Fiber among wood pulp producers raided over concerns of cartel

Second setback for Nvidia as bid for British chip designer ARM set for prolonged investigation

Luxury goods

Popularity of Louis Vuitton, Dior labels helped LVMH’s fashion and leather goods division

SINGAPORE

Banks

Central bank likely to leave three currency band settings unchanged for now

Property

Ascott partnering Vietnam’s Sun to manage 1,905 units in Hanoi

UK

Capital markets

Key investor presentation intended to soothe jitters over THG backfires

Pharmaceuticals

Activist investor Bluebell Capital Partners calls for resignation of GlaxoSmithKline chair

Real estate

Starwood Capital joins PAI, Britain’s biggest pension scheme as bidders for Park Holidays

Shipping

Maersk diverts cargo away from Port of Felixstowe due to congestion

Technology

Blackstone strikes deal with Hipgnosis adviser to acquire music rights and manage catalogues

US

Health

Watershed decision to allow sale of Vuse vaping products could pave way for Juul

Real estate

Tesla boss’ European-style mansion Guignécour relisted for US$32 million

Victorian-style home featured in Sabrina the Teenage Witch available for US$2 million

Technology

Apple cutting iPhone 13 production targets

Crypto exchange Binance’s unit launches US$1 billion fund

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