18 September 2019
Aviation
Massive data breach hits subsidiaries of Lion Air, including Malindo
Khazanah Nasional refutes claims of MAHB stake sale to foreign party
Long-haul, low-cost model still works for AirAsia X, but may require tweaking
Capital markets
O&G stocks expected to enjoy further price appreciation
IPO market will continue to be less exciting
Construction
CIDB, Gamuda Industrial Building System tie up on information sharing
KNM clinches US$13 million contract in Thailand
Consumer goods
Delima Oil Products signs distributorship agreement with DKSH
Earnings
ACE Market-listed QES hopeful of earnings uplift for FY20
Energy
President of Malaysian Photovoltaic Industry Association on industry’s challenges, opportunities
Healthcare
Acquisition of Prince Court would strengthen IHH’s position in private healthcare segment
Matrix Concepts ventures into healthcare segment
Investment
New panel set up to fast-track investments
Fintec Global adds Komarkcorp to portfolio
Judiciary
Sabah wants ‘at least one’ judge with Bornean judicial experience on panel of CoA or FC
Media
Malaysia’s market too small for paywall model
Mergers and acquisitions
Cocoaland allocates US$10 million for potential deals in Indonesia and Vietnam
Oil and gas
Boustead to exit petrol retail business
Plantations
1,200ha belonging to TDM subsidiary affected by fire in Indonesia
TH Plantations shareholders may continue to pay the price for some time to come
FGV says no report yet of subsidiaries’ involvement in Indonesia fire
Property
Lacklustre market could see uptick next year
Country Heights CEO departs after just six months
Glomac’s Q1 profit triples, efforts to revitalise Glo Damansara Mall in full swing
Mah Sing’s M Arisa open for registration
PM says Putrajaya may sell non-essential properties that can fetch good prices
Ideal proposes to acquire 1st Avenue Mall in George Town, next to Komtar
Technology
Kronologi eyeing another record year in FY19
Ministry aiming for NFCP to achieve 500Mbps in state capitals, high-impact areas by 2021
MTDC’s Etlingera targeting RM1.6 million in sales through Permint Plywood partnership
Telecommunications
Axiata could see mergers happening for Indonesian, Malaysian operations within five years
Regulatory hurdles, potential loss of Malaysian jobs among key issues that could not be overcome
Failed merger won’t derail Digi’s efforts at collaborating with others, especially in 5G
Tort
Sarawak Report editor must file defence in RM100 million suit by 21 October
ASIA
Banks
New virtual banks in Hong Kong will launch in early 2020
Capital markets
AB InBev pushing ahead with smaller IPO
Technology
Much of Samsung’s innovation, experimentation is from secretive R&D labs at Digital City
Sony rejects activist hedge fund’s call to spin off chips business
Japanese conglomerate’s defence only partly convincing
Trade
2019 could be last chance to get RCEP, world’s biggest trade deal, done
AUSTRALIA
Energy
‘Big stick’ legislation threatens to break up big power companies if found to be hiking prices
Real estate
Toorak mansion residence on sought-after street snapped up for A$17 million
EUROPE
Banks
Major lenders face risk of failure if interest rates continue to stay negative
Retail
Uniqlo parent using both hard and soft power to raise profile
SINGAPORE
Data protection
Number of organisations breaching Personal Data Protection Act hits new high
Finance
Singapore leads Hong Kong by just a whisker in battle to be Asia’s biggest forex hub
Real estate
ARA plans to expand AUM to S$100 billion in two years, exploring dual stock market listing
S-REITs on money-raising spree
Technology
Grab, Heineken in first-of-its-kind partnership
UK
Architecture
Two lucky guests will get to experience Highclere Castle, better known as ‘Downton Abbey’
Pharmaceuticals
Major insulin providers Novo Nordisk, Sanofi have rebuilt operations to withstand Brexit
Retail
Body Shop hopes to reawaken activist heritage with new concept store
Struggling French Connection extends deadline to find buyer until January
Technology
End of an era for chip designer ARM
US
Earnings
FedEx results fall short of expectations
Food and beverage
3G Capital, Kraft Heinz’s second-largest investor, further trims stake
Real estate
High-tech home in San Francisco with ‘wellness floor’ listed for US$30 million
Apartment that overlooks Central Park, Metropolitan Museum of Art available for US$29 million
Technology
WeWork’s delayed stock offering another blow to the business
Start-ups on SoftBank roster not much good to Vision Fund if they’re sitting on the bench