The defence in Datuk Seri Najib Razak’s second SRC International Sdn Bhd case on Friday applied for the former prime minister to be given a discharge not amounting to acquittal in the ongoing money-laundering case, as the attorney general had not made a decision over the representation letter submitted in July.

Defence applies to discharge Najib in second SRC case

Former 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy has filed an application seeking the court’s permission to amend his defence to 1MDB’s US$6.59 billion (RM30.83 billion) lawsuit against him over the losses it suffered in its investment in 1MDB-Petrosaudi Ltd and its dealings with International Petroleum Investment Company (IPIC), as well as to file a counterclaim over the termination of his contract extension.

Arul Kanda seeks to amend defence and file counterclaim to 1MDB's US$6.59 bil suit against him

1Malaysia Development Bhd (1MDB) critic Datuk Seri Khairuddin Abu Hassan's appeal against the government in relation to his alleged wrongful detention and the respondents' appeal have been postponed, as it is deemed a public interest matter.

1MDB critic Khairuddin's unlawful detention appeal postponed, to be heard in open court as public interest matter

The Court of Appeal has dismissed Datuk Seri Najib Razak’s appeal to attend the hearing of his application to set aside the US$681 million (RM3.1 billion) Mareva injunction (freezing order) imposed on him by 1Malaysia Development Bhd and its four subsidiaries, as the matter is considered academic.

COA dismisses Najib's appeal over attendance in Mareva injunction hearing

The testimony of 1Malaysia Development Bhd's former legal counsel Jasmine Loo Ai Suan will either put a nail in former prime minister Datuk Seri Najib Abdul Razak’s coffin or help acquit him of his 21 money laundering charges, his lawyer Tan Sri Shafee Abdullah told the High Court here on Thursday.

1MDB-Tanore: Witness agrees with Shafee that Jasmine Loo’s testimony will 'nail Najib’s coffin' or acquit him

Investigating officer (IO) Foo Wei Min, testiying in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, stated that former prime minister Datuk Seri Najib Razak did not respond to questions regarding five transactions purportedly conducted with 1MDB funds.

Foo: Najib said he will answer questions on alleged 1MDB transactions in court, not during probes

KUALA LUMPUR (Nov 9): The High Court has fixed Jan 17, 2024, to hear lawyer Rosli Dahlan’s application to strike out the Malaysian Anti Corruption Commission (MACC)’s application to obtain documents pertaining to 1Malaysia Development Bhd (1MDB)’s settlement with Goldman Sachs Group and local financial institution AmBank.

Lawyer’s application to strike out MACC’s demand of 1MDB documents fixed for Jan 17, 2024

It was revealed at the High Court on Thursday that former prime minister Datuk Seri Najib Razak spent RM80,000 from his personal AmBank account ending “9694” codenamed “AmPrivate Banking-MR” for leukaemia supplements to help prevent him from getting the cancer which afflicted his late father Tun Abdul Razak Hussein.

1MDB-Tanore trial: Najib used RM80,000 from own account for anti-cancer supplements to not burden govt, court told

KUALA LUMPUR (Nov 9): Goldman Sachs Group has applied to the High Court (criminal) here to be made a party in the Malaysian Anti-Corruption Commission (MACC)’s proceedings against law firm Messrs Chethan Jethwani & Co to obtain documents pertaining to 1Malaysia Development Bhd’s (1MDB) settlement against the US-based financial institution.

Goldman Sachs applies to intervene in MACC’s motion against law firm Chethan Jethwani to obtain 1MDB-related docs

Lawyer Rosli Dahlan has applied to strike out the Malaysian Anti-Corruption Commission’s (MACC) application to obtain documents from him that are allegedly related to the settlement of the 1Malaysia Development Bhd (1MDB) corruption and money laundering case between the Malaysian government and Goldman Sachs.

1MDB settlement: Rosli Dahlan applies to strike out MACC's application to obtain documents

IPOH (Nov 8): Former Goldman Sachs Group banker Roger Ng has cooperated well with police in their investigation into the recovery of 1Malaysia Development Bhd(1MDB) assets at home and abroad, said Deputy Inspector-General of Police Datuk Seri Ayob Khan Mydin Pitchay.

Roger Ng cooperating with police in 1MDB case, says Ayob Khan

Former prime minister Datuk Seri Najib Razak told Investigating Officer (IO) Foo Wei Min that he opened an initial account with AmBank in order to receive donations from the Middle East.

1MDB-Tanore trial: Najib told money laundering investigator his account was for receiving Saudi donations

KUALA LUMPUR (Nov 7): The defence in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial has contended that the monies in former prime minister Datuk Seri Najib Razak's account were not used on lavish purchases for himself but rather for political and welfare purposes.

Lead defence...

1MDB-Tanore: Defence claims monies in Najib's account were used for political, welfare purposes

Lawyer Rosli Dahlan has filed an application at the High Court here to strike out the Malaysian Anti-Corruption Commission's (MACC) application to retrieve documents relating to the Goldman Sachs settlement with 1Malaysia Development Bhd (1MDB).

Lawyer applies to strike out MACC's bid to retrieve 1MDB-linked docs

Country Heights Holdings Bhd has appointed its deputy managing director Dr Ricky Yip Chun Mun as the new acting MD effective Friday (Dec 1).

The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property developer said in a statement.

Country Heights promotes deputy MD to acting MD

Bintai Kinden Corporation Bhd has proposed to undertake a private placement of up to 281.54 million shares, or 30% of its issued share capital, to third-party investors who have yet to be identified.

Bintai Kinden proposes private placement to raise RM19.71m for working capital 

DUBAI (Dec 1): Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah said addressing emissions from the energy and industrial sectors is the focus of Malaysia’s climate action, as they account for the majority of Malaysia’s total carbon emissions.

The King, in his...

COP28: Malaysia focused on tackling emissions from energy, industrial sectors — Agong

INV New Material Technology (M) Sdn Bhd, a subsidiary of China's Shenzhen Senior Technology Material Co Ltd, has marked a significant milestone with the launch of its inaugural plant in Malaysia with an initial investment of RM3.2 billion for its first phase.

INV inaugurates RM3.2 bil Phase 1 lithium battery separator project in Penang

Bursa Malaysia Securities Bhd has reprimanded Sarawak Consolidated Industries Bhd (SCIB) and two of its former directors, Datuk Mohd Abdul Karim Abdullah and Rosland Othman, for failing to submit the group’s 2021 annual report within the approved timeline.

Bursa reprimands SCIB, fines Abdul Karim and one other RM27,000 each for late submission of annual report

Construction and engineering contractor Crest Builder Holdings Bhd has acquired the remaining 49% equity interest in its indirect subsidiary Unitapah Sdn Bhd for RM43.61 million, cash.

Unitapah holds a 23-year concession to develop and maintain Universiti Teknologi MARA’s (UiTM) campus in Tapah, Perak.

Crest Builder buys remaining 49% stake in company holding UiTM's campus maintenance concession for RM43.6m cash

Bitcoin soared to its highest price so far this year, as investors took on more risk ahead of comments from Federal Reserve chair Jerome Powell which could give guidance on whether the US is closer to lowering interest rates.

Bitcoin rally pushes largest token to 18-month high

Brazil is expected to join the Opec+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the chief executive of state-run oil firm Petrobras told Reuters.

Brazil to join Opec+ but won't cap oil output, Petrobras CEO says

Oil prices were broadly steady on Friday following a 2% drop on Thursday, with the market seemingly unconvinced that the latest round of production cuts by the Opec+ coalition will be able to lift prices out of their recent slump.

Oil prices stabilise after slump on underwhelming Opec+ cuts

Digital Nasional Bhd (DNB) is to be 70%-owned by five local mobile network operators (MNOs), while the remaining 30% will be retained by Putrajaya, accompanied by a golden share, according to Communications and Digital Minister Fahmi Fadzil.

Five telcos to collectively own 70% stake in DNB; Putrajaya to retain 30% plus golden share

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

After ditching the airasia Superapp name and rebranding as Move in September, Capital A Bhd’s digital arm wants to become an established and widely recognised online travel agency in Southeast Asia.&nbsp;

Move CEO wants travel brand recognition in post-AirAsia era

Prime Minister Datuk Seri Anwar Ibrahim on Friday registered with the National Digital Identity or Digital ID, making him the first person in the country to have&nbsp;the Digital ID facility.

Anwar first to have Digital ID in Malaysia

A client of Malaysia’s biggest bank recently discovered that her bank balance had mysteriously increased to more than US$86 million (RM404 million).

Woman discovers over RM404m mistakenly deposited in Maybank account

Petroliam Nasional Bhd (Petronas) and its petroleum arrangement contractors have recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over one billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023.

Petronas finds over 1 bil barrels of oil equivalent exploration discoveries in 2023

Banking and financial services stocks were among the top gainers in early morning trade on Friday, after they concluded the latest earnings reporting season with mostly encouraging&nbsp;results.

Banking stocks among top gainers in early trade

Digital Nasional Bhd (DNB) is to be 70%-owned by five local mobile network operators (MNOs), while the remaining 30% will be retained by Putrajaya, accompanied by a golden share, according to Communications and Digital Minister Fahmi Fadzil.

BEIJING (Dec 1): Malaysia&nbsp;has invited China’s President Xi Jingping to visit, its ambassador to Beijing said on Friday, as the Southeast Asian country also seeks to boost the number of Chinese tourists to five million a year, to fuel economic growth.

Malaysia invites China’s Xi to visit, ramps up tourism target

The defence in Datuk Seri Najib Razak’s second SRC International Sdn Bhd case on Friday applied for the former prime minister to be given a discharge not amounting to acquittal in the ongoing money-laundering case, as the attorney general had not made a decision over the representation letter submitted in July.

Prime Minister Datuk Seri Anwar Ibrahim on Friday stressed that the people's concerns&nbsp;over the implementation of the National Digital Identity or&nbsp;Digital ID, such as personal and banking records being leaked and chips implanted into the bodies of individuals, are completely unfounded.

Digital ID concerns such as personal data leaks and chip implants unfounded, says Anwar

Apex Healthcare Bhd has proposed to acquire industrial land in Melaka for RM66.5 million, its Bursa Malaysia filing showed on Friday.

The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.

Apex Healthcare to acquire industrial land in Melaka for RM66.5 mil

November saw further moderation in the Malaysian manufacturing sector, as demand conditions remained subdued. That said, there were some tentative signs of improvement, resulting in less pronounced slowdowns in new orders, output and employment, while business confidence reached a seven-month high.

M'sian manufacturing PMI at seven-month high amid softer moderation in new orders

Global commercial real estate and investment management company JLL has announced the retirement of JLL Property Services (Malaysia) chairperson YY Lau, and a new strategic partnership with Appraisal Malaysia, a domestic real estate firm with over 50 years of valuations, consultancy and advisory services expertise, according to a press release issued on Friday.

JLL announces retirement of country head YY Lau, new partnership with Appraisal Malaysia

Hong Leong Investment Bank (HLIB) has maintained its “buy” call on IHH Healthcare Bhd, with a target price of RM7.62, as it continued to favour IHH for its resilience in a defensive sector and positioning to benefit from global megatrends, such as an ageing population.

IHH Healthcare poised to benefit from megatrends such as ageing population, says HLIB

KUALA LUMPUR (Nov 30): Analysts are expecting wider losses for Capital A Bhd for the financial year ending Dec&nbsp;31, 2023 (FY2023), after its recent nine-month results missed consensus, in line with lower-than-expected rebound in air travel.

Analysts expect wider losses for FY2023 after Capital A’s 9M earnings missed expectations

KUALA LUMPUR (Dec 1): Bursa Malaysia ended the morning session flat&nbsp;on Friday, as buying interest in selected heavyweight stocks&nbsp;was offset by selling in the mid- and lower liners, while worries over China’s economy further dampened sentiment,&nbsp;a dealer said.&nbsp;

Bursa Malaysia flat at midday break as China worries weigh on sentiment

(Dec 1): President Vladimir Putin has ordered the transfer of all the rights to managing St&nbsp;Petersburg’s Pulkovo airport from foreign shareholders that include Germany’s Fraport AG and the Qatari wealth fund by shifting their stakes into a new Russian entity.

Under a decree publish...

Putin seizes rights to St Petersburg Airport from foreign investors

Bursa Malaysia Bhd on Friday launched the IR4U programme, a comprehensive programme to support and enhance the standards and capabilities of investor relations (IR) practices&nbsp;to raise the visibility and investability of Malaysian&nbsp;listed companies.

Bursa launches IR4U programme to support, enhance investor relations practices

Alibaba Group Holding Ltd received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.

Morgan Stanley cut its rating on Alibaba’s American depositary receipts to equal-weight from overweight, lowering its price target to US$90 (RM420.93) from US$110.

Alibaba gets rare Wall Street downgrade as rival gains traction

A media statement by Dr&nbsp;Ong Kian Ming, a former deputy international trade and industry minister, on Dec 1, 2023.

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