Sapura Holdings (SHSB) director Datuk Shahriman Shamsuddin told the High Court here on Friday that in his capacity as director of Sapura Resources Berhad (KL:SAPRES) (SRB), he had ignored SHSB’s offer for SRB to carry out a rights issue that SHSB claimed would have injected RM40 million into the company for the shortfall faced by one of its main projects, the Permata Sapura project — a 52-storey skyscraper in KL known as Project Apex.

Shahriman agrees he ignored calls for rights issue fundraising to the tune of RM40m for Sapura Resources

Shipping company Maritime Network Sdn Bhd has filed an application in the High Court here to compel RHB Bank Bhd to disclose its internal guidelines and due diligence procedures governing foreign exchange (forex) transactions.

Shipping firm seeks disclosure of RHB's internal forex rules over returned fund transfers

Sapura Holdings Sdn Bhd director Datuk Shahriman Shamsuddin testified on Thursday that he had refrained from speaking up against his brother, chief executive officer Tan Sri Shahril Shamsuddin, during board meetings due to a perceived "conflict" of interest arising from their familial relationship and his own substantial shareholding in the company.

Shahriman cites conflict for not opposing brother Shahril at Sapura Holdings' board meetings

A lawyer for Sapura Holdings chief executive officer Tan Sri Shahril Shamsuddin argued that the conflict between Shahril and his brother Datuk Shahriman Shamsuddin, who is also a director of the company, was simply a disagreement over the direction of a skyscraper project named Permata Sapura, and not an “irreparable breakdown in trust” as claimed by Shahriman in his legal petition.

Sapura family feud: Shahriman disagrees conflict with Shahril a mere disagreement

The High Court heard on Tuesday that Sapura Resources Bhd (SRB) (KL:SAPRES) had averted a payment default after Sapura Holdings Sdn Bhd injected RM40 million into SRB just a day before the deadline for payment.

Sapura Resources averted payment default thanks to last ditch injection by Sapura Holdings, court told

The Attorney General’s Chambers (AGC) said it will initiate contempt of court proceedings against lawyer Tan Sri Shafee Abdullah over his remark describing court proceedings in the royal addendum matter to a “Nazi-Germany kind of hearing”.

AGC to initiate contempt proceedings against Shafee over 'Nazi-Germany hearing' remark

Lawyer Tan Sri Muhammad Shafee Abdullah told the press on Thursday that he had sent at least seven letters to various institutions and individuals to confirm the alleged existence of a purported addendum concerning former prime minister Datuk Seri Najib Abdul Razak’s royal pardon.

Shafee claims he sent seven letters to ministries, individuals in govt seeking confirmation of addendum 

The High Court has set June 3 to hear Prime Minister Datuk Seri Anwar Ibrahim’s bid to stay (pause) a civil lawsuit filed by Muhammed Yusoff Rawther, who has accused him of sexual assault, while Anwar seeks immunity from the Federal Court for this civil suit.

High Court sets June 3 for Anwar’s application to ask Federal Court if he is immune from civil suits as sitting PM

KUALA LUMPUR (May 27): Prime Minister Datuk Seri Anwar Ibrahim is asking the High Court to pause (or stay) a civil lawsuit filed by Muhammed Yusoff Rawther, who has accused him of sexual assault.

Anwar seeking a stay on sexual assault suit by Yusoff Rawther, pending questions to Federal Court

Datuk Shahriman Shamsuddin, director of Sapura Holdings Sdn Bhd (SHSB), told the High Court that he had objected to a RM192 million injection through Sapura Resources Bhd (KL:SAPRES) to build Permata Square, a 52-storey tower in Kuala Lumpur City Centre — despite board meeting minutes showing no such objections.

Shahriman disagrees that he did not object to Sapura Resources board decision on injecting RM192m into Permata Square

Israel and Iran launched fresh attacks on each other overnight into Sunday, stoking fears of a wider conflict after Israel expanded its surprise campaign against its main rival with a strike on the world's biggest gas field.

Israel and Iran strike at each other in new wave of attacks

Amazon will invest A$20 billion (US$12.97 billion or RM55 billion) from 2025 to 2029 to expand, operate and maintain its data centre infrastructure in Australia, bolstering the nation's artificial intelligence capabilities, it said in a blog post on Saturday.

Amazon to invest US$13b in Australia's data centre infrastructure over five years

Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of a broad Middle East war to US-wide protests against US President Donald Trump that threatened more domestic chaos.

Investors on edge over Israel-Iran conflict, anti-Trump protests

A manhunt was under way Saturday for a suspect who shot two Democratic Minnesota lawmakers and their spouses and carried a manifesto listing other politicians and abortion providers in the state.

Manhunt on for suspected killer of Democrats in Minnesota

China’s biotechnology stocks have shaken off a four-year slump to be among the hottest performers in Asia this year and funds are tipping further gains.

China’s biotech moment ignites 60% stock rally that beats AI

Boeing Co predicted airlines will need 43,600 new aircraft over the next 20 years, with markets like China and Southeast Asia leading the push as greater prosperity gives more people the means to travel.

Boeing sees need for 44,000 new jets; cautions on slow output

Multiple central banks are set to keep interest rates frozen in the coming week while continuing to gauge the impact of trade disruptions instigated by US President Donald Trump.

Global rate limbo reigns after 150 days of Trump

Taiwan has blacklisted Huawei Technologies Co and Semiconductor Manufacturing International Corp, dealing another major blow to the two companies spearheading China’s efforts to develop cutting-edge AI chip technologies.

Taiwan imposes technology export controls on Huawei, SMIC

While its 2024 collection celebrated the majestic beauty and wildness of a menagerie of creatures amid Habsburg opulence, Cartier’s high jewellery showcase this year took a cool, clean approach, focusing instead on the concept of balance from a distinctively Scandinavian perspective.

A midsommar night’s dream

In the June 16 cover story of City & Country, KIP Real Estate Investment Trust (KL:KIPREIT) CEO Valerie Ong Pui Shan outlines the trust’s ambitious roadmap toward RM2 billion in assets under management (AUM) by 2027.

Taking KIP REIT to greater heights 

In the June 16 cover story of City &amp; Country, KIP Real Estate Investment Trust (KL:KIPREIT) CEO Valerie Ong Pui Shan outlines the trust’s ambitious roadmap toward RM2 billion in assets under management (AUM) by 2027.