In explaining why he had taken instructions from Low Taek Jho or Jho Low during his tenure as chief financial officer of 1Malaysia Development Bhd, Azmi Tahir told the High Court that the fugitive financier was not merely a man he had met "off the road somewhere".

Ex-1MDB CFO believed Jho Low as he did not meet the latter 'off the road somewhere'

National Feedlot Corp Sdn Bhd (NFCorp), its chairman Datuk Seri Dr Mohamad Salleh Ismail and nine others are in talks with the Malaysian government to reach a settlement in the RM250 million lawsuit initiated by the government against them.

NFCorp, 10 others in settlement talks with govt on RM250m lawsuit

Muar Member of Parliament (MP) Syed Saddiq Syed Abdul Rahman, who is facing a total of four charges involving criminal breach of trust (CBT), misappropriation of funds and money laundering of more than RM1 million, will have his case heard from June 7.

Syed Saddiq's criminal trial to begin in KL High Court on June 7

Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core US inflation kept potential rate cuts by the Federal Reserve on the table, while the yen rose to a one-month high on rate hike bets.

Stocks rise with US rate cuts back in view; yen at one-month high

Eastern & Oriental Bhd (KL:E&O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.

E&O unveils RM700m Maris waterfront development in Penang

KUALA LUMPUR (Jan 16): The High Court on Thursday approved a pension increase for retirees, based on their final salary per the 2016 Public Services Department circular, effective January 2022.

High Court rules in favour of pensioners

OTTAWA (Jan 15): Canada could impose countermeasures on up to C$150 billion (US$105 billion, or RM471.8 billion) worth of US imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday.

Canada could impose tariffs on US$105b worth of US imports — Reuters

CBH Engineering Holding Bhd (KL:CBHB) rose 18% on Thursday in Bursa Malaysia’s ACE Market trading debut, following robust demand during the engineering services firm’s initial public offering (IPO).

CBH Engineering rises 18% in ACE Market trading debut

DOHA/CAIRO/JERUSALEM (Jan 15): Hamas and Israel reached a deal for a ceasefire in Gaza that mediators said would take effect on Sunday, and include a release of hostages held there during 15 months of bloodshed that devastated the Palestinian enclave and inflamed the Middle East.

Israel, Hamas reach ceasefire deal to end 15 months of war in Gaza

WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US restricted trade list on Wednesday, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.

US blacklists Chinese AI developer and co that ordered TSMC chip found in Huawei processor

SEOUL (Jan 16): South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year, while supporting the won which weakened to a 15-year low versus the US dollar in recent weeks.

Bank of Korea unexpectedly holds policy rate amid won slide

MORNING CALL: 16/1/25

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.

Short seller Nate Anderson says he’s disbanding Hindenburg

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

MAHB, Southern Score Builders, SC Estate Builder, KJTS, Sunview, Poh Kong, VS Industry, AZRB, Rexit

A husband and wife, who own a travel agency, were arrested in Kuala Lumpur at 7pm on Wednesday in connection with allegations of failing to fly out a group of umrah pilgrims on Tuesday.

Selangor police chief Datuk Hussein Omar Khan said the Commercial Crime Investigation Department (CCID) of the Selangor police contingent headquarters (IPK) also seized several computers, passports and related documents.

Failure to fly out umrah pilgrims: Couple who owns travel agency arrested

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday met his UK counterpart, Sir Keir Starmer, and discussed about elevating the relations between both countries to strategic partnership covering all spheres.

“The focus and the fundamentals is of course economics, but also defence and education,” he told reporters after meeting Starmer at No 10, Downing Street, on Wednesday.

Malaysia, UK discuss elevating relations to strategic partnership

CBH Engineering Holding Bhd (KL:CBHB) rose 18% on Thursday in Bursa Malaysia’s ACE Market trading debut, following robust demand during the engineering services firm’s initial public offering (IPO).

Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core US inflation kept potential rate cuts by the Federal Reserve on the table, while the yen rose to a one-month high on rate hike bets.

KUALA LUMPUR (Jan 16): The High Court on Thursday approved a pension increase for retirees, based on their final salary per the 2016 Public Services Department circular, effective January 2022.

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.&nbsp;

Four locals, including a woman, have been arrested for their alleged involvement in a syndicate selling non-existent vehicle registration numbers in several states.

Perak acting police chief DCP Zulkafli Sariaat confirmed that the arrests of individuals aged between 27 and 52 were made during separate raids from Jan 10 to 14. The operation followed a report made on Jan 8 by a 22-year-old victim who claimed to have been scammed by the syndicate.

Four arrested for selling fake vehicle registration numbers

Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&amp;P 500 up about 2% in its biggest gain since the&nbsp;aftermath of the US election.

Wall Street has best CPI day since at least 2023

WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US restricted trade list on Wednesday, including Zhipu&nbsp;AI, a&nbsp;developer&nbsp;of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.

US health officials banned the artificial food colouring Red No 3, which has been linked to cancer and is currently in scores of products from candy to cold medicine. 
&nbsp; 
The dye will no longer be allowed in US food or ingested drugs starting Jan 15, 2027, according to a Food and Drug Administration (FDA) document posted online.&nbsp;

US bans cancer-linked Red Dye No 3 in cereal and other foods

DOHA/CAIRO/JERUSALEM (Jan 15): Hamas and Israel reached a deal for a&nbsp;ceasefire in&nbsp;Gaza&nbsp;that mediators said would take effect on Sunday, and include a release of hostages held there during 15 months of bloodshed that devastated the Palestinian enclave and inflamed the Middle East.

Polish Prime Minister Donald Tusk accused Russia of planning to carry out “acts of air terror” against airlines worldwide as he urged European partners to join forces in countering Moscow’s alleged sabotage attempts.

Poland’s Tusk says Russia planned terror acts against airlines

A Harmony Parade to celebrate the ethnic diversity and unity of society in this country will be held on Feb 15-16, said National Unity Minister Datuk Aaron Ago Dagang on Wednesday.

He said the parade would be held at night at Dataran Merdeka in conjunction with Federal Territories Day and the World Interfaith Harmony Week (annually held in first week of February).

Harmony Parade to celebrate Malaysia united in diversity next month — Aaron

Wells Fargo &amp; Co’s expenses dropped 12% in the fourth quarter (4Q) as chief executive officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank. The company’s shares rose.

Wells Fargo shares rise as bank’s cost-cutting efforts take hold

Goldman Sachs' credit-card partnership with Apple may end before its contract runs out in 2030, Goldman CEO David Solomon said on Wednesday.

"We have a contract with Apple to run that partnership until 2030, although there's some possibility that it won't continue until that time frame," Solomon told analysts on an earnings call.

Goldman Sachs CEO says Apple card partnership may end before 2030

Slovak Prime Minister Robert Fico looks set to survive an upcoming no-confidence vote after rebel lawmakers in one ruling coalition party said they would not support the motion.

Opposition parties said on Tuesday they were initiating a no-confidence vote against Fico's leftist-nationalist government, accusing him of dragging the country's foreign policy closer to Russia while doing little to fix problems at home.

Slovakia's Fico set to survive no-confidence vote as coalition rebels backing him

Donald Trump's choice for attorney general, Pam Bondi, vowed on Wednesday not to use the US Justice Department to target people based on their politics, seeking to allay concerns the president-elect will use law enforcement to go after his opponents.

"There will never be an enemies list within the Department of Justice," Bondi told the Senate Judiciary Committee.

Trump's AG nominee Pam Bondi vows not to have 'enemies list' for Justice Department

Eastern &amp; Oriental Bhd (KL:E&amp;O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.

Timothy Achariam & Shazni Ong

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