LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

23 November 2021

COVID-19 UPDATE

Cases continue to rise across US, now back to levels last seen in August

European Medicines Agency evaluating booster doses of Johnson & Johnson’s single-shot vaccine

Tourism-dependent Pacific island nations will be dealing with adversity for some time yet

Malaysia’s transition into endemic phase to take ‘long, long time’

MALAYSIA

Autos

New Hyundai Kona Electric available in Q1 2022

Aviation

AirAsia reports wider quarterly net loss

AirAsia X passengers entitled to compensation

Capital markets

KNM proposes private placement to pare debt

Construction

Advancecon bags RM23 million project from Sime Darby Property

LBS Bina’s MGB has healthy order book

Earnings

Hextar Global’s Q3 profit down 42%

Maybulk in the black

Petronas Chemicals’ Q3 profit up more than threefold

PetGas profit slips due to unfavourable forex movement

Significant increase in Ta Ann’s profit attributed to higher selling price of crude palm oil, FFB

Energy

National Energy Policy 2021-2040 in final phase of development

Malaysian Gas Association looks forward to launch of NEP

Healthcare

IHH in talks with potential advisers on possible sale of Parkway China

Insurance

MCIS Insurance buys into Merchantrade Asia, country’s largest money services business operator

Manufacturing

Top Glove sole Malaysian healthcare manufacturing company in Dow Jones Sustainability Indices

US investigators intensify scrutiny of potential labour abuses by Goodyear Malaysia

Personal finance

Nearly half of Employees Provident Fund members below 55 have critically low savings

EPF’s Jalan Raja Chulan branch in KL closing permanently wef 16 December

Property

Johor has most number of unsold houses

ASIA

Capital markets

Troubled Evergrande dropped from Hang Seng’s China Enterprises index

Islamic finance

Bank Syariah Indonesia awaiting licence for Dubai office

Telecommunications

Thailand’s DTAC and True plan merger

AUSTRALIA

Mergers and acquisitions

AMP Capital retains control of flagship A$7 billion office fund

Ireland-based LC Financial eyeing Link’s banking and credit management business

Oil and gas

Woodside, BHP to merge petroleum businesses, develop controversial Scarborough gas project

Real estate

Work on First Sponsor and ICD’s tower above Sydney’s City Tattersalls Club could begin next year

Home with panoramic views to Harbour Bridge sells for close to A$25 million after a week

EUROPE

Energy

Singapore-based Enterprize Energy to build US$10 billion wind farm off coast of Ireland

Pharmaceuticals

GlaxoSmithKline makes first major foray into treating fatty liver condition known as NASH

SINGAPORE

Oil and gas

Shell building pyrolysis oil upgrader, its first globally

City-state will set out to achieve three key targets for E&C sector by 2030

Real estate

Mapletree Logistics Trust to acquire assets across China, Japan and Vietnam

UK

Accountancy

Big Four reluctant to bid for HSBC’s US$94 million-a-year audit

Competition

Watchdog investigating British Airways owner IAG’s planned tie-up with Spain’s Air Europa

Energy

Bulb is largest gas and electricity company to go bust

US

Entertainment

Disgraced Oscar winner to pay studio behind House of Cards US$31 million for breaching contract

Real estate

Market is still hot

Technology

PE firms Hellman & Friedman and Bain Capital acquire Athenahealth for US$17 billion

Facebook and WhatsApp parent not rolling out end-to-end encryption until 2023

Video-conferencing platform Zoom beats estimates for Q3 revenue

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