Tan Sri Tony Fernandes
MarketWatch: With S&P 500 earnings on track to rise after four consecutive quarters of contraction, US stocks are clearing a major hurdle that puts the record high in sight for the benchmark US stock index. - Reuters
Top foreign stories
UK could slash corporation tax to 10% if EU blocks Brexit trade deal: Britain could slash corporation tax to 10% if the European Union refuses to agree a post-Brexit free trade deal or blocks UK-based banks from accessing its market, the Sunday Times reported, citing an unidentified source. - Reuters
AT&T-Time Warner deal sparks calls for scrutiny in Washington: AT&T Inc's proposed US$85 billion takeover of Time Warner Inc generated scepticism among both Democrats and Republicans on Sunday, making it more likely that regulators will closely scrutinise the effort to create a new telecommunications and media giant. - Reuters
Rockwell broadens its reach with US$6.4b purchase of B/E Aerospace: Aircraft component maker Rockwell Collins Inc has struck a deal to buy aircraft interior maker B/E Aerospace Inc for US$62 a share in cash and stock, the companies said on Sunday. The acquisition, valued at US$6.4 billion plus the assumption of US$1.9 billion in debt, expands the range of products Rockwell Collins supplies to major commercial and business aircraft and broadens its customer base internationally. - Reuters
Top local stories
GLICs to set aside RM3bil to invest in small and mid-cap stocks: Government-linked investment companies (GLICs) will set aside RM3bil in “fresh money” to be invested in small and medium capitalised stocks over the next year or so. Heads of several GLICs said the allocation was separate from existing investments. - StarBiz
Part of WCE to open ahead of schedule: Some parts of the West Coast Expressway (WCE) are expected to be open earlier than scheduled and the whole highway is on track for full completion in three years. - StarBiz
Lukewarm response to Selangor Dredging land sale: Property developer Selangor Dredging Bhd
’s proposed disposal of 16 pieces of vacant freehold land in Damansara Heights seems to have not excited investors, in part because details of the transaction suggest it is no ordinary sale of parcels of land. - StarBiz
Borneo Oil launches new franchise: Borneo Oil Bhd, which operates the SugarBun fast food restaurant chain, has launched another food franchise. the Borneo Asian Food features the much sought-after Sarawak laksa and garoupa fish noodles from Sabah and other favourite food from the two states. - StarBiz
YSP Southeast Asia looking for new tie-ups: YSP Southeast Asia Holding Bhd founder, president and group managing director Datuk Dr Lee Fang Hsin said the pharmaceutical, healthcare and veterinary products specialist is in talks with “about three to four” local partners in Taiwan for possible partnerships, including dealerships, distributorships and joint ventures. - Edge FD
Fernandes bags 2016 EY Asean entrepreneurial award: AirAsia Bhd co-founder and group chief executive officer Tan Sri Tony Fernandes took home the Ernst & Young’s (EY) Asean Entrepreneurial Excellence Award for 2016 at the annual awards gala in Singapore on Friday. - Edge FD
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