15 November 2019
Aviation
Malaysia Airlines aims to reduce cost of non-critical components by 15%
Russian president’s aide linked to downing of MH17
Capital markets
Solar PV specialist Solarvest’s IPO oversubscribed
Commodities
Indian refiners again buying Malaysian palm oil
Construction
GDB main contractor for Aviary Residence @ Puchong Horizon
Earnings
Petronas Chemicals’ Q3 profit halved on compressed margin
Employment
Cabinet may discuss proposed seven-day paternity leave for private sector
Energy
Mattan Engineering eyes larger RE market share here and in Asean
Finance
Urusharta Jamaah completes transfer of non-performing assets held by Lembaga Tabung Haji
Islamic finance
Visiting Fellowship at Oxford Centre for Islamic Studies open for application until February 2020
Legislation
Personal Data Protection Act 2010 under review
Mergers and acquisitions
US-listed Empire Resorts’ shareholders approve merger with Genting Malaysia
Sime Darby looking to spend RM1 billion each year on acquisitions, organic growth
Oil and gas
Dialog actively seeking brownfield assets
Gas Malaysia’s Q3 profit up 12%
T7 Global’s Tanjung Offshore clinches umbrella contract from Vestigo Petroleum
Wah Seong’s next catalyst will be pipeline services division
Postal services
Pos Malaysia investing over RM300 million to boost parcels processing capacity
Property
Felda, FIC file suits against former chairmen through Lee Hishammuddin Allen & Gledhill
Demand-supply mismatch in key markets continues, albeit at slower rate
Sime Darby Property, Mitsui and Mitsubishi JV to develop industrial land in Bandar Bukit Raja
Shipping
MISC’s Q3 profit down 22% on impairment losses
Telecommunications
Axiata’s ada seeking to expand into Vietnam, assessing Myanmar
Tobacco
BAT’s Commercial Marketers and Distributors files for judicial review against revocation decision
ASIA
Investment
Philippines’ Ayala investing US$238 million in Myanmar’s Yoma
Retail
Burberry opening ‘social retail’ store in Shenzhen powered by Tencent technology next year
AUSTRALIA
Employment
Maintain clear and open channels of communication with employees working remotely
Mergers and acquisitions
Conditional approval for China Mengniu Dairy’s takeover of infant formula maker Bellamy’s
Real estate
Sydney’s City Tattersalls Club can proceed with A$200 million mixed-use tower
EUROPE
Autos
German icon Daimler’s earnings under pressure for next two years
Making self-driving ‘robotaxis’ safe proving harder than first thought
New Ferrari Roma Coupe costs just over €200k in Italy
Energy
European Investment Bank’s new lending policy starts in 2022
Human rights
Norwegian SWF will no longer invest in British security company G4S on ethical grounds
SINGAPORE
Banks
Technology
Temasek-backed Phononic hopes to convince businesses to switch to bladeless fans
Telecommunications
Singtel records first-ever quarterly loss
UK
Real estate
L-shaped three-bedroom property built on site of former farmstead named UK’s best house
£1 million-plus homes sell for below asking price
Retail
Burberry on track to deliver first phase of CEO’s turnaround strategy despite Hong Kong turmoil
Enthusiastic response to designer’s products has lifted overall sales
US
Media
GateHouse-Gannett merger means more than 550 newspapers under same owner
Technology
Facebook signs one of largest real estate transactions in its history
Activist investor pushing for HP’s merger with Xerox
Motorola Razr is back, set to become first true foldable phone on the market