Datuk Habibul Rahman Kadir Shah, a businessman and former adviser to former prime minister Datuk Seri Najib Razak, has settled his defamation suit against Muar Member of Parliament Syed Saddiq Syed Abdul Rahman, following an open apology made by Syed Saddiq at the Sessions Court on Thursday.

Businessman settles defamation suit against Syed Saddiq

KUALA LUMPUR (Oct 3): The Sessions Court on Thursday dismissed former prime minister Tan Sri Muhyiddin Yassin’s application to get his international passport returned to him for him to have a vacation and to celebrate his 52nd wedding anniversary with his family in Uzbekistan and Doha, Qatar. He was scheduled to leave the country on Friday, Oct 4, and return on Oct 12.

 Court denies Muhyiddin a return of his passport for vacation and to celebrate anniversary overseas

A former aide to Prime Minister Datuk Seri Anwar Ibrahim, Muhammed Yusoff Rawther, who is facing a drug trafficking charge, has filed an originating summons at the High Court to challenge the constitutionality of Section 41B of the Dangerous Drugs Act that bars those charged from being released from prison while awaiting trial.

Anwar's ex-aide files summons seeking bail for drug charge, alleges fabrication and danger from mental anguish

Prosecution witness Datuk Zarul Ahmad Mohd Zulkifli told the Sessions Court on Wednesday that former Penang chief minister Lim Guan Eng had told him privately that the undersea tunnel project would be given to his company under direct negotiation if he managed to arrange the signing of a memorandum of understanding (MOU) on it during the Chinese premier’s visit to Malaysia in 2011.

Witness claims Guan Eng said 'secure MOU signing in Chinese premier's presence, you will get Penang undersea tunnel project'

Fifty-six pensioners want the High Court to enforce the Court of Appeal (COA) decision that they are entitled to obtain their pre-2013 pension adjustment arrears prospectively from the appellate court’s decision in January 2022.

Pensioners want High Court to enforce January 2022 COA ruling regarding their pension arrears

The High Court on Wednesday scheduled Oct 30 to hear an application by the Naza-Berjaya joint venture (JV) to discontinue its legal challenge against the government vehicle fleet project award to Spanco Sdn Bhd.

Court to hear Naza-Berjaya JV's bid to discontinue suit against govt, Spanco on Oct 30

SRC International Sdn Bhd and its wholly owned subsidiaries, Gandingan Mentari Sdn Bhd and Jendela Pinggiran Sdn Bhd, on Monday settled their RM167.01 million suit against two former directors of Ihsan Perdana Sdn Bhd (IPSB) — Datuk Abdul Aziz Ismail and Datuk Dr Shamsul Anwar Sulaiman — by filing a notice of discontinuance.

SRC settles RM167m suit with former directors of Ihsan Perdana

The High Court on Monday fixed Jan 6, 2025, to hear former prime minister Datuk Seri Najib Razak and his son Datuk Nazifuddin Najib's appeals to stay bankruptcy proceedings for their failure to settle RM1.69 billion and RM37.64 million in tax arrears to the Inland Revenue Board (IRB). Their initial applications had been denied by the deputy registrar in July.

High Court fixes Jan 6 for Najib and son Nazifuddin’s bid for stay of bankruptcy proceedings

A schizophrenic 39-year-old construction worker has been sentenced by the High Court to a total of 61 years’ jail, after the court found Mahadi Mamat guilty of commissioning terrorist acts by threatening to attack the Sri Maha Mariamman temple in Seafield, Selangor, and threatening to attack four high profile individuals.

Ex-Daesh 'wolf pack' leader gets 61-year jail term for terrorism activities, threat to attack temple

Israeli Avitan Shalom, charged with trafficking several firearms and possession of more than 100 rounds of ammunition, will be tried over an 11-day period in January next year.

Court sets 11-day trial for Israeli charged with trafficking firearms, possession of ammunition

Atlan Holdings Bhd (KL:ATLAN) said its indirectly owned units, Cergasjaya Sdn Bhd and Cergasjaya Properties Sdn Bhd (CPPA), have received notices for the compulsory acquisition of their lands in Bukit Kayu Hitam, Kedah, for a road construction project.

Atlan Holdings' units get compulsory land acquisition for road construction project in Bukit Kayu Hitam

The total sum for the proposed disposal of Kuchai Development Bhd’s (KL:KUCHAI) assets and liabilities to Sungei Bagan Rubber Company (KL:SBAGAN) has been revised lower following the exclusion of an agricultural land parcel in Semenyih, Selangor.

Kuchai Development-Sg Bagan deal revised downwards to RM267.78 mil on Semenyih land exclusion 

Malaysians lost an estimated US$12.8 billion (RM53.34 billion) to scams over the past year, representing about 3% of the country's gross domestic product, according to the State of Scam Report 2024.

Malaysians lost US$12.8b to scams over the past year, survey reveals

(Oct 3): A leading economist in China said the country has room to ramp up fiscal support for the economy by issuing as much as 10 trillion yuan (US$1.4 trillion, or RM6.01 trillion) in special debt, reflecting rising expectations for Beijing to expand public spending as part of its stimulus package.

China ready for US$1.4 tril fiscal bazooka, top economist says

SINGAPORE (Oct 3): Duty-free retailing group Duty Free International Ltd has announced its compulsory land acquisition of several land lots in Malaysia, according to a Thursday release.

Duty Free International acquires land lots under compulsory acquisition in Kedah

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to the People’s Republic of Bangladesh on Friday, following an invitation from Chief Advisor of the Interim Government, Dr Muhammad Yunus.

Anwar to undertake official visit to Bangladesh on Friday

Technology company Techna-X Bhd (KL:TECHNAX) has called off its plans to develop an 85-acre microalgae farm and produce algae biofuel following the mutual termination of a tripartite agreement.

Techna-X’s microalgae biofuel project scrapped

GOPENG (Oct 3): The state government, through the Perak Menteri Besar Incorporated (MB Inc), has established a mineral analysis lab — the Terra Mineral Lab (TML) Sdn Bhd, and the Centre of Excellence (COE) for Mineral Research at Persiaran Teknologi Gopeng here, since September 2024.

Perak sets up Malaysia’s first mineral analysis lab

Malaysia and Pakistan have reaffirmed their commitment to strengthening the mutually beneficial diplomatic relations that have been established between the two countries since Malaysia gained independence in 1957.

Malaysia, Pakistan reaffirm commitment to strengthen bilateral ties

Varia Bhd (KL:VARIA), formerly known as Stella Holdings Bhd, has appointed Datuk Seri Mohd Nizom Sairi, the former chief executive officer and director general of the Inland Revenue Board (LHDN), as its new independent and non-executive chairman.

Varia appoints former LHDN chief Nizom Sairi as non-executive chairman

KUALA LUMPUR (Oct 3): The Sessions Court on Thursday dismissed former prime minister Tan Sri Muhyiddin Yassin’s application to get his international passport returned to him for him to have a vacation and to celebrate his 52nd wedding anniversary with his family in Uzbekistan and Doha, Qatar. He was scheduled to leave the country on Friday, Oct 4, and return on Oct 12.

Bursa Malaysia raised caution over unusual market activity in Pertama Digital Bhd (KL:PERTAMA) as the stock took a steeper dive and extended its loss into the seventh straight day.

Bursa flags unusual market activity in Pertama Digital amid steeper dive

Malaysia may miss its own budget target next year as CGS International forecasts slower growth in public revenue and higher operating expenditures. CGS anticipates revenue collection to inch up by 1.1% year-on-year to RM314 billion in 2025 compared with the forecast of RM310 billion in 2024.

Putrajaya may miss budget target in 2025 as revenue growth slows and spending rises — CGS

Hong Leong Investment Bank Bhd (HLIB) has maintained its “overweight” stance on the construction sector as it bet that the construction contracts awarded in 2024 could exceed over RM40 billion, with the potential to surpass RM50 billion, marking the highest level since 2016.

Infrastructure contracts seen topping RM50b for first time since 2016 — HLIB 

Former prime minister Datuk Seri Najib Razak will know if he has to enter his defence or will be acquitted&nbsp;in the 1Malaysia Development Bhd (1MDB)-Tanore trial by month-end.

Enter defence or be acquitted? Najib to know fate in 1MDB-Tanore trial on Oct 30

Rice prices tumbled the most in more than 16 years in Asia as concerns over supply eased after India relaxed some export restrictions.

Rice plunges the most in 16 years after India eases export curbs

A Singapore court on Thursday sentenced a former minister to 12 months in prison for obstructing justice and receiving more than US$300,000 (RM1.25 million) worth of gifts, in the first jailing of an ex-cabinet member in a city-state famous for its clean governance.

Singapore's disgraced former transport minister jailed for 12 months in landmark case

Levi Strauss said on Wednesday it was considering a sale of its underperforming Dockers brand and forecast fourth-quarter revenue below expectations, sending its shares down 10% in extended trading.

Levi Strauss considers possible sale of Dockers brand, shares tank 10%

The Sarawak government is considering consolidating its state assets, businesses and investment arms, which include the likes of Petroleum Sarawak Bhd, Sarawak Energy Bhd, and newly set-up RM8 billion Sarawak Sovereign Wealth and Future Fund (SSWFF), under one entity.

Sarawak mulls consolidating investment arms, assets, businesses under one entity, says Abang Jo

Malaysia’s central bank said on Thursday domestic financial institutions, including insurers, remained supportive of economic growth amid resilient businesses and households while the ringgit strengthens.

Malaysia's financial institutions supportive of economic growth as households, businesses stay resilient — BNM

As global investors such as Thrive Capital and Tiger Global invest US$6.6 billion (RM27.5 billion) in OpenAI, the ChatGPT-maker sought a commitment beyond just capital — they also wanted investors to refrain from funding five companies they perceive as close competitors, sources told Reuters.

OpenAI asks investors to avoid five AI startups including Sutskever's SSI — Reuters 

Maybank Investment Bank Bhd (Maybank IB) has upgraded its rating for the domestic real estate investment trust (REIT) sector to “positive”, as it is expected to see better earnings growth on the back of sustained occupancy and rental rates, coupled with new asset injections.

Maybank IB positive on REIT sector on steady occupancy, asset injections

KUALA LUMPUR (Oct 3): A total of 95 political appointments to federal statutory bodies (FSBs) and government-linked companies (GLCs) have been made under the unity government, led by Prime Minister Datuk Seri Anwar Ibrahim, according to a think tank.

Political appointments still the norm under unity govt, albeit reduced — IDEAS

Market watchers are saying that Warren Buffett may be looking to buy Japanese financial firms and shipping companies as Berkshire Hathaway Inc’s return to the yen bond markets fuels speculation he’s raising money to build stakes in value stocks.

Buffett targeting Japanese banks, insurer shares — analysts

Datuk Habibul Rahman Kadir Shah, a businessman and former adviser to former prime minister Datuk Seri Najib Razak, has settled his defamation suit against Muar Member of Parliament Syed Saddiq Syed Abdul Rahman, following an open apology made by Syed Saddiq at the Sessions Court on Thursday.

Donald Trump should stand trial for his “private crimes” in trying to overturn the 2020 election, US prosecutors argued in a newly unsealed court filing that sheds fresh light on his interactions with former vice president Mike Pence.

Trump said ‘so what’ when told of Pence peril on Jan 6, US says

KUALA LUMPUR (Oct 3): Velesto Energy Bhd (KL:VELESTO) said it has completed its mandatory five yearly special periodical survey (SPS) for its Naga 6 back-up rig on schedule.&nbsp;

Velesto completes periodical works on Naga 6 rig on schedule

Long lines of container ships queued up outside major US ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts.

Ship queue grows at US ports as dockworker strike enters third day

Asian emerging market currencies fell on Thursday, with Malaysian ringgit and Indonesia's rupiah leading losses, after escalating tensions between Iran and Israel boosted safe-haven demand for the US dollar.

Malaysian ringgit, Indonesian rupiah drag Asia FX lower on Mideast tensions

Analysts have deemed Sunway Bhd’s (KL:SUNWAY) acquisition of a 17.58-acre freehold land in Taman Taynton, Kuala Lumpur, for RM320 million as fair, citing attractive pricing and strong development potential.

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