LHAG Advocates And Solicitors LHAG Advocates And Solicitors

Daily News

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

Joint statement

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

IJM expects challenging year

Earnings

Ann Joo’s profit slumps 40%

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

Tie-up seems more palatable

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