26 February 2020
Banks
OCBC OneCollect set to benefit local businesses and Singapore bank account holders
Capital markets
Bursa RegSub puts our stock market regulatory framework in line with Singapore, Japan and Brazil
Nationwide Express now a PN17 company
Construction
Infrastructure policy could be altered for better or worse
Econpile back in the black, optimistic of new job wins
Ekovest confident of satisfactory performance for FY20; executive director quits
Earnings
MMC posts profit decline due to lower work progress from KVMRT-SSP Line
MSM chairman resigns as part of agreement to resolve recent directors’ fees issue at FGV
Pos Malaysia CEO expects finances to improve
Sunway profit up on contributions from property development and investment, quarry segments
Economy
Stimulus package going ahead on date to be announced by interim PM
Education
Owners of SEG International may divest stakes in private tertiary education group
Prestariang Education sells boutique university to Serba Dinamik for RM3 million
Food and beverage
Nestlé’s Q4 profit rises on back of robust domestic sales
Islamic finance
United Overseas Bank principal adviser, lead arranger and lead manager of EXSIM Sukuk
Bank Rakyat to accelerate financing to cooperatives and SMEs
Management
Lembaga Tabung Haji announces new CFO, CIO and GM
Property
Berjaya Golf Resort hands over keys to Residensi Lanai in Bukit Jalil
Takaful
Takaful Malaysia continuing digital strategy
Technology
Socar rolls out new P2P car-sharing app
ASIA
Accountancy
KPMG letting 40 staff go as it remodels advisory business in Hong Kong
Gaming
MGM Resorts may be challenged to deliver Osaka IR by 2025
AUSTRALIA
Airlines
Virgin Australia shrinking budget arm Tigerair’s fleet
Employment
Tupperware demonstrator was independent contractor and not employee
Real estate
Hewlett Packard inks five-year lease at Frasers Property’s Rhodes Corporate Park
EUROPE
Banks
European lenders may be entering new phase
Food and beverage
Nestlé-Starbucks coffee alliance hopes to be in 50 markets
SINGAPORE
Aviation
Singapore Airlines imposes hiring freeze, mulls other measures amid coronavirus outbreak
Unpaid leave schemes a more prudent strategy than cutting jobs entirely
Dispute resolution
Fiji, Singapore first to deposit instruments of ratification of Singapore Convention on Mediation
Real estate
CapitaLand freezing or slashing pay for managerial and senior staff from April
Technology
MUFG, TIS investing in ride-hailing firm Grab
UK
Banks
PwC to vet quality of Goldman Sachs’ regulatory reporting
46 jobs at 10 HSBC branches at risk
Data protection
Financial Conduct Authority refers itself to regulator over data breach
Property
British Land’s long-serving CEO preparing to step down
Retail
Tesco cutting more than 1,800 bakery jobs, completes exit from China
Sport
Liverpool matches Man City’s English Premier League record of 18 consecutive victories
US
Media
Walt Disney head, one of America’s most respected CEOs, steps down
Magic Kingdom's boss hanging on in ways that are worrisome
Selection of new CEO not a surprise and a ‘win-win for company’
Real estate
Last of Manhattan’s Gilded Age mansions back on the market for US$50 million
Technology
Virgin Galactic’s Q4 net loss widens, but demand from potential customers continues to climb
Apple dealt blow in decade-long legal battle
Travel platform Expedia cuts jobs, costs after ‘disappointing’ 2019