LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

27 October 2020

COVID-19 UPDATE

US, Russia and France setting records for infections

WHO chief warns against giving up fight

Oxford/AstraZeneca’s AZD1222 vaccine likely among first to secure regulatory approval

30k jobs under threat at Lufthansa

418 jobs will go when easyJet halves Berlin-based fleet starting in December

Upmarket Spanish restaurant chain Ibérica closes outlets in Manchester and Glasgow

British aero-engine maker Rolls-Royce faces strike action over proposals to shift work to Singapore

Support staff at Kirkland & Ellis being quietly pushed out

Malaysia extends partial lockdown on KL, Putrajaya and Selangor until 9 November

MALAYSIA

Airlines

AirAsia lowers projected recovery rate

Autos

New Proton X50 SUV priced from RM79,200

Capital markets

FBM KLCI seen to end year at around 1,400 level

Econframe makes strong debut on ACE Market

HC decision on Deloitte’s application to challenge Securities Commission’s ruling set for November

Construction

GDB main contractor for KSK Land’s 8 Conlay

Employment

MYFutureJobs to be single platform for monitoring of job matching involving locals

Finance

AKPK sees debt repayment returning to normal in October

Healthcare

Medical association hopes for rebate on GPs’ taxable income, lower tax rate

Adoption of telehealth one of major headways resulting from virus outbreak

Hospitality

‘Work from Hotel' package offers refreshing change

Pharmaceuticals

Kanger ropes in Zuellig Pharma, K-Star Sport on distribution of COVID-19 vaccines

Pharmaniaga partnering with Serum Institute of India on pneumococcal vaccine

Property

IGB REIT’s NPI down 2.85%

Sino Hua-An, Country Heights to build smart city platform for Mines township

Glomac scales down project launches for FY21

Glomac in talks to diversify into data centre business

Hearing of appeal to strike out suit over alleged encroachments into Orang Asli land adjourned

Tax

Federation of Malaysian Manufacturers proposes income tax waivers

Technology

JF Technology and Huawei’s VC arm setting up plant in China

Transportation

Prasarana reduces frequency of rail and bus services across Klang Valley

ASIA

Autos

South Korea’s Hyundai misses estimates

Banks

Asia-focused HSBC accelerates plans to shrink in size, to slash costs further

Technology

Ant set to raise US$35 billion in world’s biggest IPO

Google, Temasek investing US$350 million in Indonesian online mall, Tokopedia

AUSTRALIA

Construction

Boral selling half-share of USG Boral to Germany-based Gebr Knauf, may exit US

Real estate

Grand manor-style mansion Belvedere resets price record

EUROPE

Antitrust

Fiat Chrysler, PSA set to win approval for US$38 billion merger

Healthcare

Bayer spending up to US$4 billion on gene therapy pioneer Asklepios BioPharmaceutical

SINGAPORE

Energy

Senoko Energy, Tuas Power Generation and YTL PowerSeraya awarded S$23 million in grants

Property

Catalist-listed Malaysian developer Aspen looking to transfer to Mainboard

UK

Insurance

Aviva escapes fine over preference share debacle in 2018

Retail

Prospective buyers of Debenhams told to make binding commitment by Wednesday, or walk away

US

Antitrust

EU approves US$16 billion Tiffany-LVMH deal

Financial services

Charles Schwab laying off 1,000 staff weeks after completing acquisition of TD Ameritrade

Gaming

Las Vegas Sands may sell flagship casinos

Insurance

American International Group names new CEO, splits business in two

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