Former prime minister Datuk Seri Najib Razak's legal team has called on the government and Attorney General’s Chambers (AGC) to outline the steps being taken to extradite former Goldman Sachs banker Tim Leissner in connection with the 1Malaysia Development Bhd (1MDB) scandal.

Najib's lawyers urge AGC, govt to disclose steps taken to extradite ex-Goldman banker Tim Leissner over 1MDB

Malaysian authorities are seeking to extradite former Goldman Sachs executive Tim Leissner, who was involved in the 1MDB scandal, from the US, the Wall Street Journal (WSJ) reported.

Malaysia wants to extradite ex-Goldman Sachs banker Tim Leissner from US — report

Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Irwan Serigar Abdullah told the High Court on Tuesday that the company filed a US$6.59 billion lawsuit against him to sensationalise their case with false allegations of his alignment with former prime minister Datuk Seri Najib Abdul Razak.

Mohd Irwan claims 1MDB sued him for US$6.59b to sensationalise case against Najib

The defence in Datuk Seri Najib Razak’s 1MDB-Tanore trial closed its case on Tuesday, bringing the seven-year saga closer to a verdict, after twists and setbacks, including the death of the lead prosecutor.

Defence closes case in Najib's 1MDB-Tanore trial, bringing seven-year saga closer to verdict

Attorney General Datuk Mohd Dusuki Mokhtar has yet to decide on a representation from former prime minister Datuk Seri Najib Razak over another set of money laundering charges involving SRC International Sdn Bhd.

AG still undecided on representation from Najib on second SRC case, court grants another one month

A handwriting expert told the High Court that there were differences and similarities in Datuk Seri Najib Razak’s signatures on 1Malaysia Development Bhd (1MDB) documents, but couldn’t verify them as she only received photocopies for analysis.

1MDB-Tanore trial: Expert can’t confirm Najib’s signatures, calls for original documents

A former director of 1Malaysia Development Bhd (1MDB) testified on Tuesday that the state fund's board had relied on signed-off audits from audit firms KPMG and Deloitte, which assured them that 1MDB’s investments were legitimate despite news reports from The Edge and others stating that US$700 million from the fund had been siphoned into a company owned by fugitive Low Taek Jho (Jho Low).

Ashvin Valiram: 1MDB board relied on auditors, ignored news exposés on fund's financial health

The Federal Court on Monday gave permission to hear Attorney General (AG) Datuk Mohd Dusuki Mokhtar’s challenge against a Court of Appeal decision that allowed Datuk Seri Najib Razak’s appeal for a judicial review of the alleged house arrest addendum to be heard.

AG gets nod from Federal Court to challenge Najib’s house arrest bid 

The High Court has temporarily halted all proceedings related to Datuk Seri Najib Razak’s royal addendum application.

Court pauses all proceedings on Najib’s royal addendum

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa said that he first met fugitive Low Taek Jho (Jho Low) almost 20 years ago, just as the Terengganu Investment Authority (TIA) was about to set up.

1MDB-Tanore: Ex-Goldman banker Roger Ng says knew Jho Low around 2008/2009

PUTRAJAYA (April 23): Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa is expected to take the stand on Thursday, in the ongoing 1Malaysia Development Bhd (1MDB)-Tanore criminal trial of former prime minister Datuk Seri Najib Razak.

Ex-Goldman banker Roger Ng expected to take the stand in Najib’s trial tomorrow

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa can testify as a defence witness in the ongoing 1Malaysia Development Bhd (1MDB)-Tanore criminal trial of former prime minister Datuk Seri Najib Razak.

Ex-Goldman banker Roger Ng can testify as Najib's defence witness, court rules

Wong & Partners, the legal firm which had advised 1Malaysia Development Bhd (1MDB), did not play a role in the controversial transfer of the US$1 billion meant for a joint venture with PetroSaudi International Ltd (PSI), but which was then misappropriated, the court heard on Tuesday.

1MDB legal adviser Wong & Partners played no role in controversial US$1b remittance, court told

PUTRAJAYA (April 21): It was not for Bank Negara Malaysia (BNM) to make determinations regarding 1Malaysia Development Bhd (1MDB)’s controversial decision to split a US$1 billion remittance meant for a joint venture (JV) with PetroSaudi International Ltd (PSI), as it was the company’s business decision, the court heard on Monday.

1MDB-Tanore: BNM told Deutsche Bank that split in US$1b remittance was 1MDB’s ‘business decision’ — witness

The European Union (EU) is working on a new sanctions package that will target the Russian financial sector in the latest effort by Ukraine’s allies to place pressure on President Vladimir Putin to negotiate a peace deal to end the war.

EU prepares sanctions on third-party banks supporting Russia

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that made the headlines on Friday:

Maxis Bhd’s (KL:MAXIS) net profit rose 5% to RM371.1 million for the first quarter ended March 31, 2025 (1QFY2025) from RM353 million a year before, thanks most...

Maxis, PIE Industrial, Mi Technovation, CSC Steel, Avillion, MRCB, Hextar Capital, TNB, Magma, Pekat, EG Industries, Samaiden, BTM Resources, Gamuda

New Jersey Transit locomotive engineers started striking early on Friday, triggering a shutdown of the agency’s rail service and disrupting travel for hundreds of thousands of commuters.

NJ Transit train engineers strike, disrupting travel to New York City

Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sing has called for stronger support and investment in Malaysia’s nursing workforce, describing nurses as the “architects of the future healthcare landscape".

Nurses the architects of Malaysia’s future healthcare landscape, says Tiong

Prime Minister Datuk Seri Anwar Ibrahim has called on Islamic nations to strengthen cooperation with their neighbouring countries, taking inspiration from the Asean model.

Anwar urges Muslim nations to embrace Asean-style cooperation 

(May 16): The world’s biggest sugar trader slashed its forecast for a global surplus in the coming season, cautioning that the market was underestimating risks from weather and transportation in top grower Brazil.

Worldwide output in 2025-26 is now expected to outstrip demand by just 40...

World’s top sugar trader slashes estimate for global surplus

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a US-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations.

Wall Street flat; set for strong weekly gains on trade optimism

US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs.

US consumer sentiment falls close to record low on inflation

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has proposed that permanent appointees under the new Public Service Remuneration System (SSPA) be given monthly basis or lump sum options for their retirement payments, subject to conditions and eligibility.

Cuepacs proposes flexible retirement payout options under new SSPA

US housing starts increased in April as a pickup in multifamily home construction more than offset a decline in single-family dwellings caused by elevated inventory.

US housing starts increase in April on pickup in construction of multifamily home 

Avillion Bhd (KL:AVI) plans to raise RM11.5 million through a private placement of 283 million new shares to refurbish one of its main hotels, Avillion Port Dickson. This plan requires shareholders’ approval.

Avillion, owned by late Daim’s son, plans RM11.5m placement to upgrade Port Dickson hotel

Bursa Malaysia Bhd (KL:BURSA), the operator of the country's bourse, said its chief financial officer (CFO) Rosidah Baharom will step down from the role, effective May 17.

Bursa Malaysia CFO Rosidah Baharom to step down after 11 years

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that made the headlines on Friday:

Maxis Bhd’s (KL:MAXIS) net profit rose 5% to RM371.1 million for the first quarter ended March 31, 2025 (1QFY2025) from RM353 million a year before, thanks most...

CSC Steel Holdings Bhd (KL:CSCSTEL) posted a 44.2% year-on-year jump in its first quarter net profit, despite weaker revenue, thanks to lower raw material costs.

CSC Steel flags challenging outlook after 44% profit jump on lower raw material costs in 1Q

Tropicana Corp Bhd (KL:TROP) has appointed renowned architecture, engineering and urban planning firm Skidmore, Owings &amp; Merrill (SOM) to lead the transformation of its 163-acre Lido Waterfront Boulevard masterplan in Johor.

Tropicana appoints architecture firm Skidmore, Owings & Merrill to design Lido Waterfront Boulevard in Johor

Emerging-market stocks are “the next bull market” as they benefit from a weaker dollar and an economic recovery in China, according to Bank of America Corp’s Michael Hartnett.

BofA’s Hartnett says EM stocks will outperform everything else

Samaiden Group Bhd (KL:SAMAIDEN) announced the mutual termination of its letter of award (LOA) from BTM Resources Bhd (KL:BTM) for the construction of a 10-megawatt (MW) biomass power plant.

Samaiden, BTM Resources mutually call off 10MW biomass power plant project

Oasis Home Holding Bhd is the latest initial public offering (IPO) to have received lukewarm investor interest, with an oversubscription rate of 0.55 times.

Oasis Home’s ACE Market IPO shares oversubscribed by 0.55 times

The Korea National Oil Corporation (KNOC) — South Korea's state-owned oil and gas company — will join 3D Energi Ltd and ConocoPhillips Australia's joint venture in Australia to hunt for new gas resources in the Otway Basin. 3D Energi is a 9.34%-owned associate of Hibiscus Petroleum Bhd (KL:HIBISCS).

South Korea's KNOC joins Hibiscus associate 3D Energi and ConocoPhillip in Australia gas hunt

Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sing has called for stronger support and investment in Malaysia’s nursing workforce, describing nurses as the “architects of the future healthcare landscape".

While Bank Negara Malaysia (BNM) has not cut the gross domestic product (GDP) growth forecasts, most economists see the domestic economic expansion slowing down to the 4% level.

Economists see 2025 GDP growth decelerating to 4% on trade tensions, slower exports

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a US-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations.

US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs.

Can politicians do whatever they want to the Federal Constitution? Does it have an ‘essence’ which cannot be destroyed through amendment?

Opinion: A Malaysian doctrine

The Enforcement Agency Integrity Commission (EAIC) has uncovered misconduct in the handling of investigation files by an officer from the Department of Fisheries Malaysia (DOF) at the Port Klang District Fisheries office, Resource Protection Branch.

EAIC uncovers misconduct by DOF, MMEA officers, recommends disciplinary action

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has proposed that permanent appointees under the new Public Service Remuneration System (SSPA) be given monthly basis or lump sum options for their retirement payments, subject to conditions and eligibility.

A batch of US retail earnings reports in the coming week is set to shed more light on the economic fallout from the shifting tariff backdrop and test the stock market's sharp rebound.

Retailers set to give tariff view as US stock market roars back

The European Union (EU) is working on a new sanctions package that will target the Russian financial sector in the latest effort by Ukraine’s allies to place pressure on President Vladimir Putin to negotiate a peace deal to end the war.

(May 16): The world’s biggest sugar trader slashed its forecast for a global surplus in the coming season, cautioning that the market was underestimating risks from weather and transportation in top grower Brazil.

Worldwide output in 2025-26 is now expected to outstrip demand by just 40...

In a week that saw an epic rally in US stocks and recession calls cast aside, currency traders are just as bearish as ever on the American dollar. &nbsp;

Strategists at JPMorgan Chase &amp; Co&nbsp;and Deutsche Bank AG say the currency will keep weakening, and sentiment among options traders is the most negative in five years. The dollar index is still close to its April lows, evidence that investors are wary of returning despite the easing of China trade tensions that lifted other markets. &nbsp;

1MDB Watch

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1MDB Watch

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