Soon-to-retire Chief Justice Tun Tengku Maimun Tuan Mat, mindful of three other top judges in the country who are also close to retirement, urged incoming judges to uphold their oaths of office and adhere to stare decisis, a Latin term meaning 'to stand by things decided'. It refers to the doctrine of precedent in justice, where courts follow previous rulings in similar cases to ensure consistency in legal decisions.

Outgoing chief justice reminds new judges to strictly adhere to doctrine of precedent

Former prime minister Datuk Seri Najib Razak has disputed the claim that 1Malaysia Development Bhd (1MDB), a company which fell under Ministry of Finance (MOF), had practised a "top-down approach".

1MDB-Tanore: Najib disputes witnesses’ claim of 'top-down' approach in 1MDB

Former prime minister Datuk Seri Najib Razak has once again alluded to the fabrication of his signature in 1Malaysia Development Bhd (1MDB)-related documents implicating him in the multibillion-dollar scandal.

1MDB-Tanore: Najib denies signature in documents, says there's no BOA meeting with Shahrol

KUALA LUMPUR (Dec 4): The recent Swiss court decision against PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal clearly shows that former prime minister Datuk Seri Najib Razak was not implicated in the misappropriation of funds, the court heard on Wednesday.

1MDB-Tanore: Najib cites Swiss judgement against PSI execs, says he is not implicated in fund misappropriation

Former prime minister Datuk Seri Najib Razak said he had no knowledge of the central bank's "remarkably swift approval" of the US$1 billion that was transferred out of the country in 2009.

Testifying in his own defence at the 1MDB-Tanore trial — so named as the trial involves 1Malaysia Development Bhd's (1MDB) dealings with Tanore Finance Inc, a company allegedly used to channel funds from 1MDB to Najib — Najib said it would have been reasonable for Bank Negara Malaysia (BNM) to raise concerns over such a sizeable remittance, but noted this was not done.

Najib says BNM's approval for US$1 bil remittance in 2009 was 'remarkably swift'

Datuk Seri Najib Razak said he only learnt of a bond flip involving the first debt issued by 1Malaysia Development Bhd (1MDB) when it was known as the Terengganu Investment Authority (TIA), and how the proceeds of that flip went to Low Taek Jho (Jho Low) during the course of the 1MDB-Tanore trial.

1MDB-Tanore: Najib says he only learnt details of 2009 bond flip during trial

Former prime minister Datuk Seri Najib Razak maintained that he had not lent any "weight nor influence" in the federalisation of the Terengganu Investment Authority (TIA), which eventually became 1Malaysia Development Bhd (1MDB).

1MDB-Tanore: Najib reiterates that he never inserted influence in TIA’s federalisation

Former prime minister Datuk Seri Najib Razak has maintained that funds at the heart of the 25 charges he faces in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial were donations from the Middle East.

1MDB-Tanore: Najib maintains belief that funds were donations

Federal Court judge Datuk Seri Hasnah Mohammed Hashim has been appointed the new Chief Judge of Malaya (CJM), the third-highest position in the judicial hierarchy, confirming a report by The Edge on Monday about her new appointment.

Hasnah Hashim is new Chief Judge of Malaya while former AG Terrirudin is made Fed Court judge

KUALA LUMPUR (OCT 30): The origin of the letters that Datuk Seri Najib Razak claimed were proof that the monies that made their way into his private accounts were donations from Arab royalties is 'questionable', says the trial judge who on Wednesday ordered that Najib enter his defence in the 1MD...

Origin of Najib's Arab donation letters 'questionable', says 1MDB-Tanore trial judge

SAN FRANCISCO (Jan 14): A half-dozen trade groups from the semiconductor and manufacturing industries sent a private letter to US President Joe Biden, complaining that new export controls expected this week were rushed through without consulting them.

Chip industry groups slam expected rules in private letter to Biden

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection accusations related to his Dec 3 martial law declaration, investigators said.

South Korean investigators arrest impeached President Yoon

South Korea's jobless rate jumped to the highest in 3½ years in December, as political turmoil stoked economic uncertainty and dampened sentiment, data showed on Wednesday, a day ahead of the central bank's first monetary policy meeting of the year.

South Korea jobless rate hits 3½-year high amid political uncertainty

China’s quest to feed itself has taken it as far as Kenya’s macadamia nut groves and Bolivia’s cattle ranches, as part of a push in recent years to diversify food sources away from traditional Western suppliers.

China is scouring the globe in search of new food suppliers

MORNING CALL: 15/1/25

WASHINGTON/HAVANA (Jan 14): The Biden administration said on Tuesday that it would remove Cuba from its terrorism blacklist, while Cuba said separately that it would release upward of 500 prisoners from its jails, dual announcements poised to reshape US-Cuba relations just days before Donald Trump takes office.

Biden looks to relax Cuba sanctions in final days before Trump

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the US Energy Information Administration (EIA) said on Tuesday in its Short-Term Energy Outlook report.

EIA expects oil prices to be under pressure from oversupply in 2025, 2026

MEXICO CITY (Jan 14): Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.

Intel to spin off its venture capital arm

DOHA/CAIRO/JERUSALEM (Jan 15): Negotiators were near to hammering out the final details of a ceasefire in Gaza on Wednesday after marathon talks in Qatar, and the US and Egyptian leaders promised to stay in close contact about a deal over the coming hours.

Gaza ceasefire appears close as US, Egyptian leaders put focus on 'coming hours'

NEW YORK (Jan 14): Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world's richest person of waiting too long to disclose in 2022 that he had amassed a large stake in Twitter, the social media company he later bought.

US SEC sues Elon Musk over late disclosure of Twitter stake

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Yinson, Mah Sing, YTL Power, Atlan, Sunway, Kawan Food, Theta Edge, South Malaysia Industries

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Salaries in Malaysia projected to increase by 5% in 2025 — Mercer

South Korean authorities arrested impeached President Yoon Suk Yeol on Wednesday over insurrection accusations related to his Dec 3 martial law declaration, investigators said.

Loft Orbital raised US$170 million (RM765.89 million) in a funding round that will help the space infrastructure startup increase launch frequency and compete for contracts against aerospace juggernauts like Northrop Grumman and Lockheed Martin Corp.

Space firm Loft Orbital raises US$170 mil to scale up launches

(Jan 15):&nbsp;Asian stocks were poised for a steady open following a tepid US session, as traders await key inflation data that may shed light on the path of US Federal Reserve rates over the coming months.

Asian traders tread with caution ahead of US CPI data

(Jan 15): At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the next two weeks, in one of the busiest stretches ever for such hearings.

Distressed Chinese companies face flurry of court hearings

Meta Platforms Inc is cutting roughly 5% of its staff through performance-based eliminations and plans to hire new people to fill their roles this year, according to an internal memo sent to all employees.

Meta to slash roughly 5% of staff, targetting lowest performers

Malaysia must embark on a digital transformation within its economic and financial sectors, prioritising areas such as blockchain and cryptocurrency to remain at the forefront of the digital age, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia must embrace digital transformation to stay ahead, says Anwar

Malaysia’s unique position has helped the country to chart economic policies which are comprehensive and sustainable, said Prime Minister Datuk Seri Anwar Ibrahim.

He said Malaysia is fortunate as it is politically stable despite being multi-cultural, multi religious, multi-racial, and it is probably among the most peaceful country in the region and is also among the fastest growing economies in the world.

Malaysia’s unique position helps to chart economic policies which are comprehensive, sustainable

Country Garden Holdings Co suffered another record loss in 2023 as one of China’s largest developers continues its lengthy restructuring process after defaulting on its debt.

Country Garden posts another record loss on China housing slump

Capital One Financial Corp misled customers when it rolled out a new savings account with a higher interest rate it didn’t also give to existing savings accounts, the Consumer Financial Protection Bureau said Tuesday in a lawsuit against the bank.

Capital One accused of misleading customers on savings rates

The Malaysian Anti-Corruption Commission (MACC) and the Federal Bureau of Investigation (FBI) will increase cooperation to address the challenges in combatting corruption crimes at regional and international levels.

MACC, FBI enhance cooperation to combat corruption

Russia’s seaborne crude exports were stable ahead of the toughest sanctions yet imposed on its oil sector in response to Moscow’s 2022 invasion of Ukraine.

But flows could be hit in the coming weeks after the US took measures on Friday against two of the country’s top exporters and about 160 oil tankers, as well as key traders, insurers and a Chinese company that facilitated the unloading of a cargo from a previously sanctioned ship.

Russian crude shipments hold steady before sanctions hit

Nato countries will deploy frigates, patrol aircraft and naval drones in the Baltic Sea to help protect critical infrastructure and reserve the right to take action against ships suspected of posing a security threat, alliance members said on Tuesday.

Nato to deploy ships, aircraft in Baltic Sea after cable breaches

French Prime Minister Francois Bayrou on Tuesday opened the door to renegotiating a disputed pension reform in a bid to win over left-wing lawmakers he needs to pass the 2025 budget.

Bayrou's concession underlined the scale of France's political turmoil as he prepared to spend his first weeks in office reworking the hard-won 2023 pension reform under pressure from the left, which threatens to topple his government otherwise.

French PM opens door to renegotiating Macron's pension reform

MEXICO CITY (Jan 14): Chipmaker Intel Corp said on Tuesday that it will separate its venture capital and investment arm, Intel Capital, into a standalone company, to focus on enhancing efficiency across the business.

NEW YORK (Jan 14): Elon Musk was sued on Tuesday by the US Securities and Exchange Commission (SEC), which accused the world's richest person of waiting too long to disclose in 2022 that he had amassed a large stake in Twitter, the social media company he later bought.

The cost of road repairs due to floods following the Northeast Monsoon (MTL) has reached RM101.57 million, said Works Minister Datuk Seri Alexander Nanta Linggi.

He said it involved road repair costs in the states of Peninsular Malaysia totalling RM45.37 million covering periodic repairs of pavement, periodic non-pavement, bridges and traffic lights as well as street lights.

Cost of road repairs due to floods exceeded RM100 mil — Nanta

Chancellor of the Exchequer Rachel Reeves said the UK will meet its fiscal rules “at all times”, as she faced ongoing pressure to explain how she’ll stabilise Britain’s public finances following a recent spike in borrowing costs.

Rachel Reeves says UK will meet fiscal rules ‘at all times’

DOHA/CAIRO/JERUSALEM (Jan 15): Negotiators were near to hammering out the final details of a ceasefire in Gaza on Wednesday after marathon talks in Qatar, and the US and Egyptian leaders promised to stay in close contact about a deal over the coming hours.

Timothy Achariam & Hafiz Yatim

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