20 January 2022
COVID-19 UPDATE
Infections reaching new peaks in the Americas
India reports highest infections in eight months
SE Asia saw biggest rise in cases
COVID-19 deaths back to double digits in Malaysia
MALAYSIA
Aviation
Malaysia Airlines’ parent surprised by approvals for SKS, MYAirline amid potential overcapacity
Banks
Sabah Credit first statutory body from East Malaysia to secure sustainability-linked loan
Capital markets
Malaysian Anti-Corruption Commission chief had control of share trading account
12-year tenure for independent directors
KNM’s subsidiaries will be listed in Singapore via IPO
Chemicals
PetChem will build melamine plant in Kedah
Construction
Nestcon awarded RM189 million contract for 39-storey apartment building in KL
Education
Berjaya Corp disposing of 72% stake in Berjaya Higher Education
Energy
KAB Energy acquiring Sarawak Cable’s mini-hydropower plant in Indonesia for RM10k
Logistics
How Malaysian operations factor in Ninja Van’s big picture vision
Planned drone delivery on hold
Management
Former Chief Justice will chair Royal Commission of Inquiry into Lembaga Tabung Haji’s issues
Media
Newswav raises RM6 million in latest Series A funding
Malaysia Debt Ventures funds Suke TV
Property
FC: AG’s Report, KL City Plan 2020 can be used by Taman Rimba Kiara project opponents
Phase 1 of UEM Sunrise’s KAIA Heights 50% taken up
Titijaya Land, Penang Development Corp collaborate on RM10 billion Medi-Tech City in Penang
Former Inspector-General of Police replaces Top Glove founder as Tropicana chairman
Restaurants
Texchem Resources raising stake in Sushi King
Retail
Mitsui Fudosan’s first LaLaport in SE Asia begins operations
Technology
Dropee completes US$7 million Series A funding
Tort
Chief Shariah judge seeking RM30 million
Travel
Motorists must be given option for toll payments
ASIA
Banks
Region’s lenders score lowest in governance, risk management and disclosure
Technology
Bukalapak’s IPO flop may not bode well for Indonesia’s upcoming tech listings
Sony shares slump on news of Microsoft’s Activision Blizzard deal
AUSTRALIA
Aviation
For first time in its history, Qantas to terminate contract terms with long-haul cabin crew
Real estate
1910 clifftop mansion ‘Westbank’ sets new benchmark
EUROPE
Antitrust
EU decision on Korean Air-Asiana deal expected by mid-February
Intellectual property
German developer of popular kitchen gadget Thermomix defeated in Spain
Real estate
Rome villa that boasts artist Caravaggio’s only known ceiling mural will be offered at a discount
SINGAPORE
Capital markets
Data protection
Technology
Singapore ties Silicon Valley for second most desirable data centre location
UK
Accountancy
Consumer goods
Unilever abandons plans to buy GlaxoSmithKline unit
Pharmaceuticals
GSK’s chief scientific officer leaving for Altos Labs
US
Consumer goods
Procter & Gamble raises sales forecast
Real estate
Sole penthouse unit at luxury development is San Francisco’s most expensive condo
Late A View to a Kill star’s Los Angeles property available for US$3 million
Technology
Big Tech companies flush with Benjamins may look to strike while iron is hot