22 March 2019
Autos
Honda Malaysia sets lower sales target
Proton’s regional ambitions coming to fruition sooner than expected
Construction
Decision on PDP or turnkey contract model in RM29 billion Pan Borneo Highway by end-March
Fajarbaru Builder’s major client, TYL Land & Development, ordered to wind up
Dispute resolution
Umno does not have locus standi nor cause to sue over seizure of RM117 million
Earnings
Sapura Industrial’s Q4 profit down by half
Employment
Former executive of Catalist-listed IEV files wrongful dismissal claim
Investment
Permodalan Nasional considering first sale of exchangeable bonds
Islamic finance
MIDF, Al Rajhi Malaysia still in merger talks
Legislation
Employment Act 1955 could be amended
Environmental Quality Act 1974 being reviewed
Oil and gas
Perdana Petroleum subsidiary gets Dayang Enterprise job
Sarawak CM ‘sure’ Petros-Petronas collaboration will be able to explore new areas
Serba Dinamik, Petronas Carigali ink RM313 million contract
Property
Western Digital selling PJ site; Knight Frank Malaysia exclusive agent
Tax
RM8 billion paid in GST, IRB refunds
Technology
MyIX invests RM2.5 million in upgrades
Telecommunications
Malaysian Football League seeking RM428 million from Telekom Malaysia
Tobacco
British American Tobacco, MoH working on regulatory framework for smokeless devices
Utilities
MESTECC putting out RM3 billion in contracts, involving RE projects
ASIA
Airlines
Indonesia’s Garuda cancels multi-billion-dollar order for 49 Boeing 737 Max jets
Autos
Geely misses 2018 sales target by 5%
Real estate
KKR looking to deepen portfolio
AUSTRALIA
Media
In legal world first, The Age newspaper held responsible for former journalist’s PTSD
Real estate
Property baron pays more than A$15 million for grand Tuscan-inspired mansion
‘White House’ hits the market after 55 years in one family
SINGAPORE
Company law
Trading company, dormant since 2011, wound up
Insolvency
PUB will take over Tuaspring if Hyflux does not remedy defaults
UK
Oil and gas
Indonesia’s Medco acquiring London-listed Ophir Energy after sweetened cash bid
Retail
Debenhams’ board wins more time to sort out finances
US
Retail
Sneaker make Nike to invest more in apparel and women’s products
Technology
Uber, Pinterest pick New York Stock Exchange over NASDAQ for stock listings