<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 14, 2018 - June 20, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Low Taek Jho (Jho Low), the financier described as the mastermind behind the 1Malaysia Development Bhd (1MDB) scandal, is in Dubai and has offered to meet the 1MDB task force in the Gulf city, a news portal reported yesterday.</p></div>

<div class=newsTextDataWrapInner><p>His lawyers are first expected to discuss with Malaysian Anti-Corruption Commission (MACC) officials here on how Low can assist in the 1MDB probe, said The Malaysian Insight.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>A spokesman for the Penang-born billionaire issued a statement last week saying Low has instructed his lawyers to get in touch with the MACC, after the commission said it wants to question him about former 1MDB unit SRC International Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Low’s whereabouts have not been established. Nanyang Siang Pau reported last month that he could be hiding in Taiwan. Prime Minister Tun Dr Mahathir Mohamad had earlier said Putrajaya “roughly knows” where to find Low.</p></div>


KUALA LUMPUR: Low Taek Jho (Jho Low), the financier described as the mastermind behind the 1Malaysia Development Bhd (1MDB) scandal, is in Dubai and has offered to meet the 1MDB task force in the Gulf city, a news portal reported yesterday.

His lawyers are first expected to discuss with...

‘Jho Low has offered to meet 1MDB investigators in Dubai’

Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday.

UK creates new businesses at slowest rate since 2010

The CEO of an independent British oil producer which is buying North Sea assets owned by Shell and Exxon Mobil is being sued by his former employer for allegedly forging documents to steal substantial sums.

Viaro CEO accused in UK lawsuit of forging documents to steal millions

Two top European Central Bank (ECB) policymakers signalled on Monday they were more worried about the damage that expected new US trade tariffs would do to economic growth in the eurozone than any impact on inflation.

ECB policymakers fear Trump tariff effect on growth rather than inflation

Educating the public about corruption is crucial to cultivate a culture of transparency, accountability and integrity, Chief Secretary to the Malaysian government Tan Sri Shamsul Azri Abu Bakar said.

He pointed out that Malaysians needed to be exposed to the detriments of corruption as early as primary school level up until tertiary studies.

Education key to cultivating culture of transparency, integrity — Shamsul Azri

Businessman Chung Chee Yang, who emerged as Cape EMS Bhd’s (KL:CEB) substantial shareholder last week, has mopped up an additional 3.39 million shares in the company.

Cape EMS’s new substantial shareholder Chung Chee Yang continues to raise stake

EVENING 5: Doh Tee Leong triggers takeover offer of Mercury Industries

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Perak Transit Bhd’s (KL:PTRANS) net profit grew 6.72% year-on-year to a record high in the third quarter, thanks mainly to higher fees received from terminal development services as well as rental income and revenue sharing contributions from its terminals’ tenants.

The integrated public transportation terminal (IPTT) operator’s net profit for the three months ended Sept 30, 2024 (3QFY2024) rose to RM17.71 million — up 6.72% from RM16.6 million a year ago — marginally eclipsing its previous quarterly record earnings of RM17.69 million in 2QFY2024, according to the company’s bourse filing.

Perak Transit’s 3Q net profit up 6.7%; declares 0.5 sen dividend

The closure of a few Malaysian Palm Oil Board (MPOB) offices abroad will not affect efforts to deal with the anti-palm oil campaign and the negative perception of the commodity in the international market, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

He said the ministry has taken a strategic approach, including focusing on promotional efforts and diplomatic relations with international platforms, as well as establishing cooperation with strategic partners and non-governmental organisations to promote palm oil.

Efforts to deal with anti-palm oil campaign remain despite MPOB office closures abroad — Chan

<p>KUALA LUMPUR (Nov 18): Shares of Press Metal Aluminium Holdings Bhd (KL:PMETAL) soared in early trade on Monday, as&nbsp;aluminium futures jumped after China ended&nbsp;a tax rebate over its exports of the metal.</p>


Press Metal soars after China removes tax rebate for aluminium exports

<p>A Singapore court has sentenced oil tycoon Lim Oon Kuin to 17-and-half years in jail for cheating HSBC Holdings plc and instigating forgery, in a case that has shaken the city-state’s commodity-trading community.</p>


Singapore oil tycoon OK Lim sentenced to 17½ years in jail

<p>KUALA LUMPUR (Nov 18): CelcomDigi Bhd (KL:CDB) on Monday cut one of its key financial targets, after its net profit slipped in the third quarter as costs rose faster than revenue growth.</p>


CelcomDigi cuts key financial target after net profit slips in 3Q

<p>Barisan Nasional (BN) Sabah chief Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must enter their defence in the graft case involving RM2.8 million linked to a Felcra Bhd investment.</p>


COA: Bung Moktar, wife must defend themselves against graft charges

<p>TMC Life Sciences Bhd (KL:TMCLIFE) saw its net profit for the first financial quarter ended Sept 30, 2024 (1QFY2025) plunged 80.6% to RM2.94 million from RM15.14 million a year ago, as the healthcare group posted a lower revenue while its staff costs and other operating expenses rose.</p>


TMC Life Sciences 1Q net profit plunges 81%

<p>Malaysian banks are expected to experience net interest margin (NIM) compression, with a potential 25 basis points cut in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) to 2.75% in the second half of 2025 (2H2025), according to AmBank Research.</p>


Malaysian banks could face NIM compression on potential OPR cut next year, says AmBank 

<p>Umno has informed the High Court that it is seeking an out-of-court settlement in the RM16 million civil suit against them by SRC International and its two subsidiaries.</p>


Umno looking to settle SRC’s RM16m lawsuit

<p>Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc, which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.</p>


Goldman says ‘go for gold’ as central banks buy, US Fed cuts in 2025

<p>Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.</p>


Xi’s olive branch to Trump comes with warning on China red lines 

<p>A major shareholder of Lagenda Properties Bhd (KL:LAGENDA) and Epicon Bhd (KL:EPICON) has triggered a takeover offer for Mercury Industries Bhd (KL:MERCURY) after having purchased over half of the contractor’s equity interest.</p>


Lagenda Properties, Epicon major shareholder Doh Tee Leong triggers takeover offer of Mercury Industries

<p>The Human Resources Ministry (Kesuma) is allocating RM3 billion starting in 2025 to strengthen the local workforce and its adaptability in response to rapid technological advancements and changing industry demands, said its minister Steven Sim Chee Keong.</p>


HR Ministry to allocate RM3b to upskill Malaysian workforce amid tech advancements

<p>The Umno leader who first introduced Umno to the corporate world after the New Economic Policy was launched in 1971 was Tengku Razaleigh Hamzah. Razaleigh did this by taking control of Fleet Group in 1972 via Umno proxies/nominees. Fleet Group then controlled the New Straits Times group in Malays...

Alternative Views: Daim took the nexus between business and politics to a new level

<p>UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia for a mixed-use development with a gross development value potential of A$450 million.</p>

<p>In a press statement issued on Monday, the developer said that the approval, which involved Lots 1 and 2 at The Oval within Subiaco East, was issued by the Western Australian State Government’s central land and development agency, DevelopmentWA. It is also the first mixed-use project approved within the Subiaco East masterplan.</p>


UEM Sunrise secures development approval for its first project in Perth, Australia

<p>The initial operations date (IOD) achieved by Cypark Resources Berhad's (KL:CYPARK) 98MW direct current floating solar project in Kelantan means that the company no longer has delayed solar projects in hand, said BIMB Securities Research.</p>


No more delayed Cypark projects but positives priced in, says BIMB

<p>The Malaysian Palm Oil Council (MPOC) has called on the European Union (EU) to classify Malaysia as a “low risk” country under the EU’s new Deforestation-free Products Regulation (EUDR).</p>

<p>MPOC said in a statement on Monday after the EU's decision to postpone the legislation by 12 months.</p>


MPOC urges EU to recognise Malaysia as 'low risk' under deforestation regulation

<p>Gandingan Jakel Sdn Bhd said it is actively working with Kuala Lumpur City Hall (DBKL) to address concerns at its J Satine project in Wangsa Maju, following a stop-work order issued by the authorities on Nov 8.</p>


Gandingan Jakel says working with City Hall to address J Satine's stop-work order

<p>theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s noon market break on Monday. One stock showed positive momentum and the remaining four displayed negative momentum. &nbsp;</p>

<p>The stock with positive momentum was:</p>

<ul>
	<li>&nbsp;&nbsp;&nbsp; Cypark Resources Bhd (KL:CYPARK) — up 5.5 sen or 6.59% to 89 sen</li>
</ul>


Stocks with momentum on Nov 18, 2024: Cypark, TechnoDex, Matrix, Karex and Classita  

<p>&nbsp;On the evening of Election Day, Kamala Harris’ campaign was touting high turnout on college campuses in key swing states.</p>


How Donald Trump cut into Democrats’ hold on young voters

<p>(Nov 18):&nbsp;Bitcoin posted its biggest two-day retreat over the weekend since the US election&nbsp;amid a bout of caution in global markets, as traders assess the potential impact of President-elect Donald Trump’s policy agenda.</p>


Bitcoin churns near US$90,000 after largest drop since US election

<p>Setia Awan Group has announced the signing of a memorandum of understanding (MOU) between Astrum Ampang and BilaBila Mart to integrate the convenience store chain into the Astrum Ampang development.</p>
