KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) coughed up an extra US$125 million for PetroSaudi International Ltd (PSI) after its management was told that Prince Turki Abdullah had “complained to daddy” King Abdullah over the troubled state fund’s reduced investment.

Datuk Shahrol Azra...

‘1MDB coughed up extra US$125m for PSI after Jho Low said Prince Turki complained to daddy’

1Malaysia Development Bhd (1MDB) coughed up an extra US$125 million for PetroSaudi International Ltd (PSI) after its management was told that Price Turki Abdullah had "complained to daddy" King Abdullah over the troubled state fund's reduced investment.

Datuk Shahrol Azral Ibrahim Halmi, the former CEO of 1MDB and its precursor the Terengganu Investment Authority (TIA), said the investment was meant to be used as an injection of capital and PSI had initially sought US$750 million.

1MDB coughed up extra US$125m for PSI after Jho Low said Prince Turki 'complained to daddy' King Abdullah

Quantum was set by the former PM and rubber-stamped by the board of directors — ex-CEO

‘Najib paid himself RM120,000 per year for 1MDB role’

Former premier Datuk Seri Najib Razak paid himself RM216,000 per year as allowances for being the chairman and a member of the board of advisers (BOA) of 1Malaysia Development Bhd (1MDB), the High Court was told today.

This quantum, according to former 1MDB CEO Datuk Shahrol Azral Ibrahim Halmi, was decided by Najib himself following a 1MDB director's circular resolution dated June 6, 2010.

Najib paid himself RM120,000 per year to sit on 1MDB's board of advisers

KUALA LUMPUR: The criminal breach of trust and graft trial involving former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad in the High Court here will proceed as scheduled, beginning Oct 7.

This was after High Court Judge Mohd Nazlan Mohd Ghazali dismis...

High Court dismisses prosecution’s bid to delay Isa’s graft trial

KUALA LUMPUR: The trial of Riza Shahriz Abdul Aziz, stepson of former prime minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.17 million (RM1.18 billion) allegedly misappropriated from 1Malaysia Development Bhd (1MDB) will remain in the Sessions Court.

...

Riza Aziz fails in bid to transfer case to High Court

The criminal breach of trust and graft trial involving former Federal Land Development Authority (Felda) chairman Tan Sri Mohd Isa Abdul Samad at the High Court here will proceed as scheduled beginning Oct 7.

High Court dismisses application to delay Isa Samad's graft trial

The trial involving Riza Shahriz Abdul Aziz, the stepson of former Prime Minister Datuk Seri Najib Razak, for five money laundering charges involving US$248.17 million (RM1.18 billion) allegedly misappropriated from 1Malaysia Development Bhd (1MDB) will remain at the Sessions Court.

Riza's application to transfer his case involving the money laundering charges to the High Court was dismissed by Justice Mohd Nazlan Mohd Ghazali, who ruled that the Sessions Court is more than competent to handle Riza's case.

Riza Aziz fails in bid to transfer 1MDB money laundering case to High Court

The prosecution aims to show that former Federal Territories (FT) Minister Datuk Seri Tengku Adnan Tengku Mansor had received RM1 million as an inducement to assist a company to secure approval from Kuala Lumpur City Hall (DBKL) to increase the plot ratio for a development at Jalan Semarak here.

Deputy public prosecutor Julia Ibrahim, who is leading the prosecution team, said in her opening statement on the first day of Tengku Adnan's graft trial that evidence will prove he had assisted in securing the approval of an application by Nucleus Properties Sdn Bhd (now known as Paragon City Development Sdn Bhd), after several applications and appeals had been rejected by the Urban Development Planning Department of DBKL.

Prosecution in Ku Nan's trial aims to prove former FT minister got RM1m to help firm get higher plot ratio

KUALA LUMPUR: Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor (pic) has filed an application requesting High Court Justice Mohd Nazlan Mohd Ghazali to recuse himself from hearing the former’s RM1 million graft case which was scheduled to start yesterday.

This f...

Ku Nan wants judge to recuse himself from RM1m graft case

Behind Singapore’s success may lie a factor with little to cheer — its unhappiness, according to a former top politician in the city-state.

Singapore’s success may be tied to unhappiness, former politician says

KUALA LUMPUR (Sept 24): Perikatan Nasional (PN) has been ordered to immediately suspend all activities following a complaint by one of its component parties against the main opposition coalition.

Perikatan Nasional faces suspension as internal tensions escalate at Malaysia’s main opposition coalition

(Sept 24): Canadian Prime Minister Mark Carney said he had looked at “extreme tail risk” when asked by the New York Times about whether he’d taken seriously the risk of US military action against his country.

Carney tells NYT he looked at ‘extreme tail risk’ of US invasion

KUALA LUMPUR (Sept 24): Midstream oil and gas players are expected to continue enjoying earnings tailwinds from firm crude trade flows and tight vessel supply after their second-quarter results beat expectations on stronger operating performance, said an analyst.

Midstream O&G players set to ride firm crude flows, tanker rates and storage demand — RHB IB

The Sarawak government and national oil company Petroliam Nasional Bhd (PETRONAS) want their petitions concerning state oil rights to be heard separately.

Sarawak, PETRONAS seek separate hearings on oil and gas petitions; January tentatively set

MENLO PARK, California (Sept 23): Meta CEO Mark Zuckerberg on Wednesday unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.

The AI device...

Meta launches AI gadget Charm as race for post-smartphone hardware heats up

WASHINGTON (Sept 23): US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit that will test relations between the superpowers as tensions simmer over trade, technology, Taiwan and Iran.

US says China trade truce extended as Trump welcomes Xi

TOKYO (Sept 24): Debt markets were on edge on Thursday, as Japanese bonds followed Treasuries lower, while Asian equities were mixed as investors weighed simmering Middle East tensions and prospects for talks between the United States and China.

Bonds shaky, oil eases off highs amid trade, peace talks

Datuk Seri Hamzah Zainudin, the long-time political operator who helped two Malaysian prime ministers to power, could again have a hand in shaping who governs as he pushes the nation’s two biggest parties towards an alliance.

Malaysia opposition chief pushes parties for bloc against Anwar

NEW YORK/CARACAS (Sept 23): Venezuela's interim President Delcy Rodriguez told the UN General Assembly on Wednesday that the country would hold elections as part of a transition to "full democracy," but did not give a specific date for the vote.

Venezuela's Rodriguez promises elections in transition to 'full democracy'

Prime Minister Datuk Seri Anwar Ibrahim held several meetings with senior management from five Chinese industry giants, with AgiBot Innovation pledging a potential investment of RM1 billion by 2035, alongside the creation of 5,000 job opportunities.

China’s AgiBot commits to RM1b potential investment, creation of 5,000 jobs in Malaysia — Anwar

Zetrix AI Bhd (KL:ZETRIX) on Wednesday reported further disposals of shares in the company by managing director Wong Thean Soon, bringing down his combined direct and indirect stakes to 10.97%.

TS Wong continues to sell shares in Zetrix AI, stake drops to 10.97%

Nestlé (Malaysia) Bhd paused its downward slide on Wednesday, following a 22% year-to-date drop that market observers said has run ahead of the company's underlying fundamentals.

Nestlé Malaysia steadies after 22% slide as analysts see worst priced in

AirAsia Group Bhd’s (KL:AAGB) Tan Sri Tony Fernandes is fed up with private credit and the exorbitant interest rate they charge.

AirAsia’s hunt for cheaper debt won’t be easy with US$100 oil

Datuk Seri Hamzah Zainudin, the long-time political operator who helped two Malaysian prime ministers to power, could again have a hand in shaping who governs as he pushes the nation’s two biggest parties towards an alliance.

WASHINGTON (Sept 23): US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit that will test relations between the superpowers as tensions simmer over trade, technology, Taiwan and Iran.

Cutting carbon is particularly difficult for a chemical company because many of its products rely on fossil-based raw materials while lower-carbon alternatives often cost far more than buyers are prepared to pay.

That leaves companies with a few broad options, such as investing in activ...

Industry: Petrochemical companies decarbonisation journey still challenging

There’s little prospect of data centres proliferating in emerging markets, where the notion of sharing precious energy resources with artificial intelligence (AI) would be out of place, according to World Bank Group president Ajay Banga.

Data centres not for emerging markets — World Bank president

TOKYO (Sept 24): Debt markets were on edge on Thursday, as Japanese bonds followed Treasuries lower, while Asian equities were mixed as investors weighed simmering Middle East tensions and prospects for talks between the United States and China.

(Sept 24): Oil prices edged lower on Thursday, after climbing 4% in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so.

Oil prices edge lower as Iran says it is open to diplomacy to end the war

The US Treasury said it will purchase up to US$6 billion (RM24.48 billion) of longer-dated government debt on Thursday, in line with the first such operation under Secretary Scott Bessent’s expanded programme to stem the recent rise in borrowing costs.

US Treasury to buy back up to US$6 bil in longer-dated govt debt

The Sarawak government and national oil company Petroliam Nasional Bhd (PETRONAS) want their petitions concerning state oil rights to be heard separately.

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Sept 24, 2026 

KUALA LUMPUR (Sept 24): Perikatan Nasional (PN) has been ordered to immediately suspend all activities following a complaint by one of its component parties against the main opposition coalition.

KUALA LUMPUR (Sept 24): Midstream oil and gas players are expected to continue enjoying earnings tailwinds from firm crude trade flows and tight vessel supply after their second-quarter results beat expectations on stronger operating performance, said an analyst.&nbsp;

MENLO PARK, California (Sept 23): Meta&nbsp;CEO Mark Zuckerberg on Wednesday unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.

The AI device...

The US might consider leaving the International Energy Agency (IEA)&nbsp;if there is no alignment on climate issues, US Energy Secretary Chris Wright said on Wednesday.

US to either reform IEA on climate issues or leave group, energy secretary says

SYDNEY (Sept 23): Australia said on Wednesday that an OpenAI agent breached a government health data portal in June, gaining unauthorised access to files, in what could be the first known instance of an AI agent hacking a government website.

Australia says OpenAI agent hacked into government website

Stocks joined bonds lower as a rally in oil prices stoked worries about inflationary pressures, which were further reinforced by data showing jump in US business activity at the fastest pace since 2021.

US stocks fall as inflation jitters boost bond yields

The 30% Club has done something important: it put a number on the table. But I want to challenge the number itself. If women are competent, the right target is not 30%. It is 100%. Boardrooms are not Spartan battlegrounds where gender earns entry. They are environments that reward critical thinki...

Paw Ai Chin

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Paw Ai Chin

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌