KUALA LUMPUR (Nov 21) : The National Union of Journalists Malaysia (NUJ) refutes claims by senior lawyer Tan Sri Muhammad Shafee Abdullah that the media unfairly covered the SRC International Sdn Bhd trial, involving former prime minister Datuk Seri Najib Razak.

NUJ defends media’s fair coverage of SRC trial, urges Shafee not to ‘drag’ media into case

The Court of Appeal (COA) has fixed Feb 28, 2025, to deliver its decision on the Malaysia Competition Commission’s (MyCC) appeal against the High Court's decision to quash MyCC’s proposed decision to impose a fine of RM86.77 million on Grab Inc, for allegedly abusing its dominant position to restrict its drivers from promoting other e-hailing platforms.

COA fixes Feb 28 to deliver decision on MyCC’s appeal against Grab

The High Court on Tuesday asked lawyers for former prime minister Tun Dr Mahathir Mohamad and (current) Prime Minister Datuk Seri Anwar Ibrahim to find common trial dates and then to inform the court of these dates by Jan 6 next year, to facilitate an early hearing for Mahathir’s defamation suit against Anwar.

Court may fix trial dates for Mahathir’s defamation suit against Anwar in January

Newly confirmed High Court judge Leong Wai Hong has recused himself from hearing 1Malaysia Development Bhd (1MDB) and 10 other companies' US$346 million (RM1.63 billion) suit against Datin Seri Rosmah Mansor and Singaporean Shabnam Naraindas Daswani.

Rosmah succeeds in recusing judge from hearing 1MDB suit against her and Singaporean

A three-member Court of Appeal bench had reserve its judgment in giving a decision over the appeal by Malaysia Competition Commission (MyCC) over a High Court’s decision last year that quashes its “proposed decision” on imposing a propose fine of RM86.77 million against Grab Holdings Inc, together with its subsidiaries GrabCar Sdn Bhd and MyTeksi Sdn Bhd.

Appellate court reserves judgment in MyCC's appeal against Grab on quashing RM86.77 mil proposed decision

Prime Minister Datuk Seri Anwar Ibrahim has appointed former attorney general Tan Sri Idrus Harun, former Federal Court judge Tan Sri Zainun Ali, former Sarawak AG Datuk Seri Talat Mahmood Abdul Rashid and Universiti Teknologi Mara law lecturer Dr Hartini Saripan as members of the Judicial Appointments Commission (JAC).

Appointment of former AG Idrus Harun, three others to Judicial Appointments Commission confirmed

KUALA LUMPUR (Nov 18): Opposition political party Parti Pribumi Bersatu Malaysia (Bersatu), through its two office bearers, has filed an originating summons against five Members of Parliament (MPs) to vacate their seats. The five MPs were elected under the party’s logo in 2022, but later became independents who are close to Prime Minister Datuk Seri Anwar Ibrahim.

Bersatu files suit against five govt-friendly MPs to vacate their seats

Lim Guan Eng’s undersea tunnel graft trial scheduled on Friday has been postponed as key witness Datuk Zarul Ahmad Mohd Zulkifli was down with fever and placed on medical leave.

Guan Eng's Penang undersea tunnel graft trial postponed as key witness is unwell

COME Dec 2, Datuk Seri Najib Razak will have the opportunity to explain his actions as he elected to testify under oath from the witness stand after the High Court ruled last week that there is a prima facie case against the former prime minister on four abuse of power and 21 money laundering cha...

Najib to explain actions after judge finds prima facie case on all charges

Newly minted Attorney General Datuk Mohd Dusuki Mokhtar said he would review the ongoing prosecution of former finance minister Tun Daim Zainuddin following Daim’s sudden death on Wednesday morning.

AG: I will review Daim’s prosecution after getting the death certificate

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Sitting on 6.5 acres of land, the five-star Putrajaya Marriott Hotel is managed by IOI Properties and comprises 487 guest rooms, including 35 exclusive suites. The renovations took place from Feb 2023 till Nov 2024 and were carried out in phases. The massive undertaking focused on the refitting and renewal of its guest rooms, lobby, restaurants and private villa.

IOI Properties relaunches Putrajaya Marriott Hotel after RM100m renovation

Sime Darby Property Bhd (KL:SIMEPROP) is working urgently with authorities to help resolve the recurring flood incidents in Bandar Bukit Raja, said managing director Datuk Seri Azmir Merican.

Tackling floods in Bandar Bukit Raja a top priority, says Sime Darby Property

KUALA LUMPUR (Nov 21): Car upholstery maker Pecca Group Bhd (KL:PECCA) is negotiating to expand its replacement equipment manufacturing business to more foreign markets, including Australia, the Middle East, and Europe.

Pecca seeks international expansion, eyes orders from Malaysia’s first EV

KUALA LUMPUR (Nov 21): theedgemalaysia.com highlighted two stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia’s afternoon close on Thursday.

Stocks with momentum on Nov 21, 2024: Silver Ridge, RCE Capital, PLB Engineering, Vinvest Capital, Infoline Tec and Oriental Holdings

KUALA LUMPUR (Nov 21): E-services provider MyEG Services Bhd’s (KL:MYEG) earnings are expected to continue to be boosted by contributions from its Zetrix-related applications, prompting an earnings upgrade from at least one analyst.

Zetrix-related services to continue to boost MyEG’s earnings — analysts

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

India's Adani Group sees US$30b in value wiped off after US indictments 

PAC Chairperson Datuk Mas Ermieyati Shamsudin said the committee will summon the central committee board of the Foreign Workers Centralized Management System (FWCMS), including Attorney-General Datuk Dusuki Mokhtar, to explain the contract extension on Dec 10.

PAC to call Attorney General, Chief Secretary and ministries' secretaries-general over Bestinet contract extension

KYIV (Nov 20): The United States said it had reopened its embassy in Kyiv late on Wednesday, after it had shut for the day due to what it called the threat of a significant air attack, a day after Ukraine used American missiles to hit a target inside Russia.

US reopens Kyiv embassy after Ukraine’s firing of US-made missiles into Russia prompted potential strike threat

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about US President-elect Donald Trump's policies.

Asian stocks stutter as Nvidia's forecast disappoints

(Nov 21):&nbsp;Dyson Ltd&nbsp;is dialling back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.

Dyson dials back Malaysian hairdryer ops, redeploys staff in Johor — Bloomberg

Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead following a massive paper loss that sent the company into the red for the first time ever and prompted analysts to cut their forecasts.

Petronas Chemicals' outlook gloomy, analysts warn amid mounting joint venture losses

Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about US President-elect Donald Trump's policies.

Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in a US$265 million (RM1.2 billion) bribery scheme, according to US prosecutors.

Indian billionaire Adani charged in US with bribery; Adani Group shares tumble

KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.

BNM reschedules govt bond auction, scraps one issue in unusual move

KUALA LUMPUR (Nov 21): Shares of RCE Capital Bhd (KL:RCECAP) fell on Thursday after the company, which mainly provides financing to civil servants, reported weaker than expected quarterly results.

RCE Capital shares fall on Thursday after weaker than expected results

Property prices in Asia’s major markets are expected to rise over the next year with Hong Kong leading the projected gains, according to Bloomberg Intelligence.

Home prices set to rise in Hong Kong, Singapore, Australia in 2025

Starbucks Corp reduced its US retail workforce by 8% in its most recent fiscal year, even as the coffee chain added hundreds of new locations.&nbsp;

Starbucks shrank retail staff 8% despite hundreds of new stores

Nvidia forecast its slowest revenue growth in seven quarters on Wednesday, failing to meet lofty expectations of some investors who have made it the world's most valuable firm.

Nvidia's AI chip demand still booming but slowing sales growth worries investors

The Biden administration told Congress it plans to cancel US$4.65 billion (RM20.8 billion) in debt owed by Ukraine, according to a letter obtained by Bloomberg News, the latest in a series of moves meant to bolster support for Kyiv before President-elect Donald Trump takes office.

Biden administration seeks to cancel US$4.6b of Ukraine’s debt

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.

Starbucks said to consider selling stake in Chinese business

PARAMARIBO (Nov 20): Suriname's state-run oil company Staatsolie said on Wednesday that US oil giant ExxonMobil has withdrawn from its offshore block 52, and block operator Petronas Suriname E&amp;P will take over its 50% stake.

Suriname’s Staatsolie says ExxonMobil has withdrawn from offshore block, Petronas’ unit to take over 50% stake

Northern Solar Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

All in all, the listing would offer investors up to a 26% stake in the company.

Northern Solar Holdings signs underwriting agreement with M&A Securities

KUALA LUMPUR (Nov 21) : The National Union of Journalists Malaysia (NUJ) refutes claims by senior lawyer Tan Sri Muhammad Shafee Abdullah that the media unfairly covered the SRC International Sdn Bhd trial, involving former prime minister Datuk Seri Najib Razak.

The CEO of Indian food delivery giant Zomato has stoked a public debate by advertising a chief of staff job with an unusual twist: there will be no salary initially and the position instead comes with a two million rupee (US$23,700 or RM106,034) "fee".

Want to be chief of staff at India's Zomato? CEO says forget salary, pay US$23,700 fee 

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Sime Darby Property seeks more assets generating recurring income

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

Bestinet contract extension for foreign worker recruitment system could cost govt minimum of RM3.2b, says PAC

Bitcoin hit US$95,000 (RM425,030) for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.

Bitcoin hits record US$97,000 as crypto seeks direct line to Trump

Big tech edged lower in afterhours trading following a disappointing revenue forecast from Nvidia Corp.

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