Lawyer Tan Sri Muhammad Shafee Abdullah on Tuesday claimed the media had failed to do its job during its reporting of former prime minister Datuk Seri Najib Razak's SRC International Sdn Bhd trial — for which Najib was found guilty of abuse of power, criminal breach of trust, and money laundering involving RM42 million of SRC's money — and alleged that the press had left out certain facts of the case.

Shafee claims media failed to do its duty in Najib's SRC trial

KUALA LUMPUR (Nov 20): SRC International Sdn Bhd has settled a suit against Parti Bumiputera Perkasa Malaysia president Datuk Ibrahim Ali, while the company and Umno continue to negotiate towards a settlement.

SRC settles suit with Ibrahim Ali, inches towards settlement with Umno

Lawyer for former prime minister Datuk Seri Najib Razak, Tan Sri Muhammad Shafee Abdullah, said he has a suspicion fugitive Low Taek Jho, or Jho Low, is currently residing in Myanmar under the protection of the military junta there.

Najib’s lawyer believes Jho Low is in Myanmar

KUALA LUMPUR (Nov 19): The widow of Tun Daim Zainuddin on Tuesday insisted that the criminal charge against him go for a full trial, confident that he will be exonerated.

Daim’s widow wants trial against her husband to proceed to clear his name

Umno has informed the High Court that it is seeking an out-of-court settlement in the RM16 million civil suit against them by SRC International and its two subsidiaries.

Umno looking to settle SRC’s RM16m lawsuit

Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.

High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

In a landmark decision, the High Court on Thursday ruled that developers who deliver vacant possession of a property without allowing the owners to occupy it is against public policy and goes against the purpose of the vacant possession.

Delivery of vacant possession without occupancy rights is against public policy, court rules

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

The Federal Court here has granted leave for 58 buyers of Empire City Damansara to proceed with their appeal in the same court against the project's developer, Cosmopolitan Avenue Sdn Bhd, for various issues, including late delivery and not having a proper certificate of compliance and completion.

Empire City buyers get leave to appeal against developer Cosmopolitan Avenue

IN a surprising move last week, former prime minister Datuk Seri Najib Razak expressed regret that the multi-billion dollar scandal 1Malaysia Development Bhd had occured under his watch.  His “unequivocal apology to all Malaysians for his oversight” comes ahead of  an impending decision...

1MDB-Tanore Trial: Najib to know on Wednesday whether he needs to enter defence or is acquitted 

Some global banks are considering temporarily halting fresh credit to India's Adani Group but staying put with existing loans following US prosecutors' indictment of its billionaire founder Gautam Adani for fraud, sources said.

Global banks weigh halting fresh credit to India's Adani after US indictment — Reuters

BENGALURU (Nov 22): S&P Global Ratings lowered its outlook on three Adani Group entities to "negative" from "stable" on Friday, citing risks to funding access following a US indictment of the conglomerate's billionaire founder Gautam Adani on bribery charges.

S&P lowers outlook on three Adani units after US indictment of founder

Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.

Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.

We have no information on Jho Low's whereabouts, says IGP

Japan is set to kick off discussions on raising the basic tax-free income allowance in effective permanent tax cuts worth up to US$51 billion (RM227.86 billion), a step that could also help ease constraints on part-time workers amid intensifying labour shortages.

Japan considering raising income tax threshold in fresh economic stimulus

GEORGE TOWN (Nov 22): Frequent water supply disruptions, high industrial land prices and talent shortages are among challenges faced by the Penang government in its effort to position the state as the Silicon Valley of the East.

Chow: Water supply disruptions, land prices among challenges in Penang’s Silicon Valley ambitions

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

Thailand’s Constitutional Court dismissed a complaint against former premier Thaksin Shinawatra and his-family backed ruling party, a major reprieve for his daughter’s less than three-month old government.

Thai court rejects case against Thaksin in reprieve for PM 

KUALA LUMPUR (Nov 22): This week’s Dewan Rakyat sitting saw nine ministries complete the winding-up of the Supply Bill 2025 debate at the committee stage.

Dewan Rakyat: Nine ministries completed winding-up debate on Supply Bill 2025 at committee stage this week

Oil prices extended gains on Friday, heading for a weekly uptick of more than 4%, as the Ukraine war intensified with Russian President Vladimir Putin warning of a global conflict.

Oil heads for weekly gains on anxiety over intensifying Ukraine war

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;

Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.

DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

Affin Bank Bhd (KL:AFFIN) said on Friday its net profit surged in the third quarter thanks to an increase in both interest and non-interest income, as well as impairment writeback and foreign exchange gains.

Affin Bank 3Q net profit surges on higher interest income; writeback, forex gain also provide boost

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.

China’s richest man berates PDD, ByteDance for months of misery

Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.

Gold surges and euro sags as broader war risks rise 

CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.

CapitaLand warns of China losses as Singapore property investor cuts exposure

Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.

Good opportunity to accumulate Dayang shares — CGS

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

Trump picks Pam Bondi for US attorney general after Gaetz withdraws

TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday.

Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;

Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.

Inflation in Malaysia picks up slightly in October, official data shows

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.

Penang welcomes HK Express’ inaugural flight from Hong Kong

The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;

Nvidia says new chip remains on track, helping soothe investors

KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.

Timothy Achariam

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