LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

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

BFM interview

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