26 August 2019
Autos
DRB-Hicom expects auto business to remain resilient
Tan Chong Motors’ TCIE Vietnam files claim against Nissan Vietnam in Hanoi
Banks
Bank Negara Malaysia’s measures possibly insufficient to immediately woo back players
SME Bank embarks on digital transformation programme
Capital markets
Malaysia, Japan in talks on possible second yen-denominated bond
Homegrown SDS aims to raise RM24 million from ACE Market listing
Competition
Stern action against contractors found ganging up to win government contracts
Earnings
Malakoff’s Q2 earnings affected by maintenance works at Tanjung Bin facility
Boustead Heavy Industries’ Q2 profit plunges 60%
Healthcare
Malaysia has done well in playing catch up in medical tourism
Infrastructure
UEM Edgenta on investors’ radar
Putrajaya evaluating Maju’s ‘attractive’ takeover offer for PLUS Malaysia
Insolvency
Investors to have second shot at Langkawi’s five-star Tanjung Rhu Resort, surrounding 1,000 acres
Insurance
Gibraltar BSN Life introduces first-in-market WhatsApp e-policy delivery system, Chatbot GINA
Management
Lembaga Tabung Haji names new group MD/CEO wef 1 September
Media
iFlix founder/CEO on how it intends to fend off challengers
Oil and gas
Dayang Enterprise’s Q2 profit rises to RM55 million
Petronas Dagangan’s Q2 profit down 45%
Property
Developers accountable for promises made in marketing materials
Hektar REIT intends to double or even triple assets in next decade
Transport
Dego Ride open to allowing riders to work for courier or food delivery services
Introduction of Go-Jek could be more bane than boon
MyCar wants government to reconsider decision
ASIA
Economy
Hong Kong faces first recession in a decade
Legal services
Japan’s Nishimura & Asahi acquiring Thailand’s SCL Law
Retail
IKEA opening four more stores in China by August 2020
Technology
Vietnam is Grab’s next major growth market
AUSTRALIA
Airlines
Virgin Australia’s new CEO may lack room to manoeuvre because of predecessor’s decisions
Construction
Building materials maker Boral flags weaker profit, forming JV with Germany’s Gebr Knauf
Real estate
Dream home built less than two years ago available for A$3.8 million
Luxury Bellevue Hill home snapped up for more than A$10 million
Sydney’s most exclusive enclaves boast incredible views, and even more impressive price tags
Tax
Shell hit with A$755 million bill as Australian Taxation Office pursues MNCs over tax avoidance
Technology
Australia setting up framework to block domains hosting extremely violent content
SINGAPORE
Employment
Workforce grappling with twin challenges of ageing population, technological disruption
Energy
Refining margins should receive boost eventually from new IMO rules
Tort
Maintenance company entirely to blame for worker’s injuries
UK
Capital markets
Office space provider IWG plans to list US arm in New York for £3 billion
Islamic finance
Al Rayan under probe over money laundering controls
Wealth
Chinese super-rich to spend more on UK homes and businesses whatever outcome of Brexit
US
Antitrust
Qualcomm granted reprieve in high-stakes case
Corporate governance
Apple, Amazon bosses told to put planet before profits
Mergers and acquisitions
Third Point targeting Ray-Ban maker EssilorLuxottica
Real estate
Property owners increasingly looking for ways to bring outdoors inside their homes