LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

17 May 2019

Aviation

Mavcom expects greater uncertainty ahead

AirAsia X posts higher profit, sees demand picking up in June

Banks

Bank Negara Malaysia announces initiatives to enhance market liquidity

Beverages

Carlsberg Brewery records increase in Q1 profit

Capital markets

Securities Commission announces eight new licences for equity crowdfunding and P2P lending

Owners of DXN, which sells capsules made from lingzhi mushrooms, exploring sale

Construction

Industry needs more industrialised building system suppliers

Earnings

Pharmaniaga’s profit up 12%

Economy

Q1 growth faster than expected

Energy

Malaysia preparing for transition towards 100% renewable energy

Legislation

Communications and Multimedia Act 1998 to be amended

Media

Star Media’s profit plunges

Property

1MDB seeks to recover over RM6 million from individual

S P Setia confident of achieving FY19 sales target despite lower property sales in Q1

Planned major launches in Klang Valley include KL Eco City and Setia Sky Seputeh Tower B

Setia Sky Seputeh just 500m from Mid Valley City

Apartments in Sunsuria’s Tangerine Suites priced below RM300k

Tropicana believes there will still be demand for properties in prime locations with attractive pricing

Sport

How La Liga plans to maintain Spanish football league’s competitiveness, increase visibility

Technology

Century Software acquiring majority stakes in two companies for RM1 million

Telecommunications

U Mobile, iFAST Capital to offer unit trusts

Telecoms sector biggest revenue contributor to communications and multimedia industry

Report

Utilities

Tenaga Nasional’s Indonesia-based TNB Coal International wound up

ASIA

Companies

Industrial and Commercial Bank of China tops Forbes’ Global 2000 list for seventh consecutive year

Complete list

Infrastructure

Indonesia’s sweeping proposal calls for record IDR5,957 trillion in investments from 2020-24

Private equity

Bain Capital, Carlyle and KKR among potential bidders for Hitachi Chemical

AUSTRALIA

Employment

What businesses can do to better manage employee data

Insurance

QBE’s COO departs after two years for UK insurer

Retail

Iconic bootmaker RM Williams, majority-owned by Singapore-based PE firm, on the market

Telecommunications

Website flaw to blame for ACCC’s botched announcement on Vodafone Hutchison-TPG merger

EUROPE

Autos

BMW’s chief under pressure to prove strategy

Competition

Barclays, Citigroup, JP Morgan, MUFG and RBS fined €1 billion over forex cartels

Health

Sale of Nestlé Skin Health expected to close in H2; will be rebranded Galderma

EQT Partners will have to work hard to prove beauty of deal is more than skin deep

LED lights can permanently damage retina and disturb sleep

SINGAPORE

Airlines

Singapore Airlines’ Q4 earnings down 28%

Insolvency

HC dismisses Marina Bay Sands’ bid to bankrupt high roller over S$2 million debt

UK

Luxury goods

Burberry making progress but not ‘shooting the lights out’

Fashion house closing one in 10 international stores

Property

800-year-old castle in Gloucestershire can be yours for US$19 million

US

Architecture

Chinese-born architect, mastermind behind Louvre pyramid in Paris, dies aged 102

Corporate governance

Path to having more women CEOs still a long one

Mergers and acquisitions

Goldman Sachs scoops up boutique wealth management firm United Capital

Real estate

Hedge fund manager’s West Village condo is most expensive resale listed and closed this year

Technology

US adds Huawei to ‘Entity List’, ban further ratchets up tensions over trade

Console rivals Microsoft and Sony strike deal to fend off threats from Google, Amazon