Adam Aziz & Chester Tay

Friday 14 Mar 2025

12 Aug 2022, 08:00 am

Bank ownership grandfathering rule under Bafia only applies to specific shareholders, says BNMThe legacy rule that allows certain banks’ individual shareholders to own a stake larger than 10% under the Financial Services Act (FSA) will not be extended to anyone else, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.

By Adam Aziz & Chester Tay / theedgemarkets.com

12 Aug 2022, 08:00 am

Highlight

12 Aug 2022, 08:00 am

Aggressive monetary policy would disrupt ongoing economic recovery, says BNMBank Negara Malaysia is not likely to take an aggressive stance in normalising its monetary policy to the pre-pandemic level as it would risk disrupting the ongoing economic recovery.

By Adam Aziz & Chester Tay / theedgemarkets.com

12 Aug 2022, 08:00 am

Highlight

12 Aug 2022, 08:00 am

BNM: Malaysia 2Q GDP grows 8.9% y-o-yMalaysia’s economy, as measured by gross domestic product (GDP), grew 8.9% year-on-year (y-o-y) in the second quarter of 2022 (2Q22) as domestic demand strengthened amid normalising economic activity as the country moved towards Covid-19 endemicity and reopened its international borders, Bank Negara Malaysia (BNM) said on Friday (Aug 12).

By Adam Aziz & Chester Tay / theedgemarkets.com

12 Aug 2022, 08:00 am

30 Aug 2019, 08:00 am

Najib’s grip tightened over 1MDB six months after becoming PMKUALA LUMPUR: Six months after Datuk Seri Najib Razak was appointed prime minister in 2009, a new article was added to Terengganu Investment Authority Bhd’s (TIA) articles of association to grant him significant control over the company, which eventually became 1Malaysia Development Bhd (1MDB).

By Hafiz Yatim, Adam Aziz & Chester Tay / The Edge Financial Daily

30 Aug 2019, 08:00 am

MACC seizes assets from ex-minister Hasan in forfeiture suitKUALA LUMPUR: The government, through the Malaysian Anti-Corruption Commission (MACC), yesterday seized assets from former minister Datuk Hasan Malek and Akademi Pemuda in relation to a forfeiture suit to recover funds allegedly misappropriated from 1Malaysia Development Bhd. This came ...

By Hafiz Yatim, Adam Aziz & Chester Tay / The Edge Financial Daily

30 Aug 2019, 08:00 am

Witnesses paint Najib as a generous benefactorKUALA LUMPUR: Two witnesses in the 1Malaysia Development Bhd (1MDB)-Tanore trial yesterday described Datuk Seri Najib Razak as a generous benefactor who acted in his personal and public capacities to fund and support community activities in Penang and the Klang Valley. The sixth prosecu...

By Hafiz Yatim, Adam Aziz & Chester Tay / The Edge Financial Daily

30 Aug 2019, 08:00 am

1MDB Watch

29 Aug 2019, 08:00 am

Najib's aide appointed to Tanjong Energy board after 1MDB acquisition, documents showShortly after 1Malaysia Development Bhd (1MDB) announced that it was acquiring Tanjong Energy Holdings Sdn Bhd for RM8.5 billion from billionaire T Ananda Krishnan in March 2012, former prime minister Datuk Seri Najib Razak's special officer Datuk Wan Ahmad Shihab Wan Ismail was appointed to the company's board on May 22, 2012. Notably, Wan Ahmad Shihab is among four trustees for Yayasan Rakyat 1Malaysia (YR1M), alongside Najib, the late Datuk Azlin Alias, and former 1MDB chairman Tan Sri Lodin Wok Kamaruddin.

By Hafiz Yatim, Adam Aziz & Chester Tay / theedgemarkets.com

29 Aug 2019, 08:00 am

1MDB Watch

29 Aug 2019, 08:00 am

Najib has made 'unprecedented' contributions to Chinese education, court toldFormer Prime Minister Datuk Seri Najib Razak has made 'unprecedented' contributions to Chinese education and was a tolerant leader when it came to racial and religion matters, the High Court was told today. This was the view of Najib's former political secretary Datuk Wong Nai Chee, 50, who was called as the fifth prosecution witness in the trial of the former premier's alleged involvement in money laundering and abuse of power in relation to funds from 1Malaysia Development Bhd (1MDB), otherwise known as the 1MDB-Tanore trial.

By Hafiz Yatim, Adam Aziz & Chester Tay / theedgemarkets.com

29 Aug 2019, 08:00 am

Agency paid RM2m to boost govt's social media presence after poor polls resultsKUALA LUMPUR: The smaller margin of victory by Barisan Nasional in the 2008 general electionprompted former prime minister Datuk Seri Najib Razak to pay a digital communications agency RM2 million to strengthen his government’s presence on social media. Noorhaina Hirawani Mohd Noor (pic...

By Hafiz Yatim, Adam Aziz & Chester Tay / The Edge Financial Daily

29 Aug 2019, 08:00 am

Alter ego, fake donation letter? Prove it, Shafee tells prosecutionKUALA LUMPUR: Datuk Seri Najib Razak’s lawyer maintains that the former premier has been misled by fugitive financier Jho Low on the dealings of 1Malaysia Development Bhd (1MDB). Lawyer Tan Sri Muhammad Shafee Abdullah also maintains that his client had always believed that the billions...

By Hafiz Yatim, Adam Aziz & Chester Tay / The Edge Financial Daily

29 Aug 2019, 08:00 am

Petronas evaluating exit from Argentina shale oil venture, Bloomberg reports

GXBank, Grab Malaysia shortlist eight startups to drive fintech innovation

Khazanah-backed TT Vision Holdings says not aware of reason for unusual market activity

Li Ka-shing has little to lose as China threatens Panama deal

Malaysia’s stock market valuation remains attractive amid Trump-driven global uncertainties — Rakuten

Malaysia to fortify position as centre of competitive trade, finance and technology — Anwar

Op Birth: Detained legal practitioner assisted syndicate in registering birth

MACC opens two investigation papers involving Sapura Energy

Schumer retreats on shutdown threat, enhancing bill’s prospects

Wall St climbs after string of sharp losses as investors weigh tariff impact

Level 3, Menara KLK, 1 Jalan PJU 7/6, Mutiara Damansara, 47810 Petaling Jaya, Selangor, Malaysia

(+603) 7721 8000

info@bizedge.com