LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

25 November 2021

COVID-19 UPDATE

New ‘B.1.1529’ strain could have worse outcomes than highly transmissible Delta

Keep practising COVID mitigation tactics, regardless of vaccination status

New Zealand will only reopen to international visitors next year

Malaysia extends booster shots to all residents aged 18 and above

MALAYSIA

Administrative law

CA barred from questioning King’s decision

Capital markets

Mandatory 12-year tenure limit on independent directors starting next year

SC’s statement

KPower chairman trims stake

Construction

Ageson optimistic on earnings growth

Earnings

Freight Management’s Q1 profit up 78%

Significant drop in Panasonic’s Q2 profit

Malaysian Pacific Industries’ Q1 profit buoyed by better performance across all segments

Education

How Coursera, one of world’s largest Massive Open Online Course providers, navigated pandemic

Islamic capital market

Tenaga Nasional issues combined RM3 billion worth of Sukuk

Oil and gas

KNM in the red

Petron posts lower profit

Serba Dinamik loses chairman, director less than six months after duo joined board

Plantations

Genting Plantations registers higher y-o-y revenue

Hap Seng’s Q3 profit doubles

IOI reports marginally lower Q1 profit

TH Plantations’ Q3 profit improves

Property

UEM Sunrise taking corrective measures to stem losses

Five-star Andaman Langkawi, severely damaged in fire, will likely reopen in 2023

Retail

AEON posts net loss after four consecutive profitable quarters

AIGF exits Jaya Grocer

Technology

Dyson, famed for bagless vacuum cleaners, terminates relationship with supplier ATA IMS

Telecommunications

Proposed merger between Digi and Celcom pending approval from MCMC

Axiata’s edotco in exclusive talks to buy royalty-linked Touch Matrix

ASIA

Food and beverage

Myanmar junta-linked firm seeks to end JV with Kirin

Telecommunications

Thai regulator closely monitoring proposed merger of dtac and True

‘Deal would lead to downgrading of service quality, forced sale of bundle services’

AUSTRALIA

Mergers and acquisitions

Competition regulator approves National Australia Bank’s takeover of Citi’s retail banking business

Real estate

Neilson Property’s half stake in Brisbane tower hits the market

EUROPE

Antitrust

Veolia and Suez offer submit concessions in bid to win approval for tie-up

Amazon, Apple fined €200 million in Italy over exclusivity agreement

Economy

Massive spike in COVID-19 cases threatening EU recovery

Insurance

Generali in exclusive talks to buy French bank Credit Agricole’s La Medicale

SINGAPORE

Banks

Central bank may take ‘supervisory action’ on DBS over two-day service disruption

Energy

Chaswood Resources inks US$500 million deal for HK Aerospace Beidou New Energy

Oil and gas

Shell may build biofuels plant at Bukom Island to meet emissions goal

UK

Energy

Britain investing £20 million a year in tidal power

Bulb, latest casualty in domestic energy market, put into special form of administration

Real estate

Germany’s company Coros expands into UK

Retail

Handbag maker Mulberry expanding UK factory to avoid supply chain problems

US

Economy

Job market rebounding rapidly from last year’s coronavirus recession

Finance

Time for banks, insurers and asset managers to leave O&G and coal producers behind

Real estate

Lakefront Monarch Estate is the most expensive listing in Weston, Florida

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