The 1Malaysia Development Bhd (1MDB)-Tanore trial has been postponed yet again, as former prime minister Datuk Seri Najib Razak is still nursing an acute knee inflammation in a hospital.

1MDB-Tanore trial postponed once again as Najib still unfit for court

Financial fraud investigator Richard Templeman told the court here on Wednesday that former 1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy had nothing to do with transactions the company undertook prior to 2015.

1MDB investigator says Arul Kanda had nothing to do with 1MDB deals prior to 2015

A financial fraud investigator admitted on Tuesday that his conclusions after investigating 1Malaysia Development Bhd’s (1MDB) fraudulent transactions did not tally with the findings of the Public Accounts Committee (PAC) report from eight years ago.

Financial fraud investigator concedes he had not read PAC report when probing 1MDB

The Federal Court has denied leave for Sarawak Report editor Clare Rewcastle-Brown to appeal the verdict against her in Terengganu Sultanah Nur Zahirah's defamation action involving a book about the multibillion-dollar 1Malaysia Development Bhd (1MDB) scandal.

S'wak Report editor denied leave to appeal, must pay Terengganu Sultanah RM300k for defamation in 1MDB book

The 1Malaysia Development Bhd (1MDB)-Tanore proceedings have been postponed for two days, as former prime minister Datuk Seri Najib Razak has been hospitalised due to acute knee inflammation.

1MDB-Tanore trial vacated as Najib hospitalised over knee condition

Datin Seri Rosmah Mansor on Monday failed in her bid to have High Court judge Adlin Abdul Majid recuse herself from presiding over the US$346 million civil suit filed by 1Malaysia Development Bhd (1MDB) against her.

Rosmah fails in bid to recuse judge from hearing 1MDB's RM346m suit against her  

1 Malaysia Development Bhd (1MDB) wants the High Court here to determine if its former CEO Arul Kanda Kandasamy and former board chairman Tan Sri Mohd Irwan Serigar Abdullah had taken actions or been the cause of 1MDB suffering losses of billions of dollars.

1MDB wants court to determine if Arul Kanda and Irwan's actions caused 1MDB to suffer billions in losses  

KUALA LUMPUR (Sept 9): American media personality Kim Kardashian and singer-songwriter Pharell Williams were among those who received 1Malaysia Development Bhd (1MDB) funds from fugitive businessman Low Taek Jho (Jho Low) amounting to US$2.43 million, the High Court here was told on Monday.

Kim Kardashian and Pharell received US$2.43m in 1MDB funds from Jho Low, court told

Former 1Malaysia Development Bhd (1MDB) board member Tan Sri Mohd Irwan Serigar Abdullah has failed in his bid to bring in six individuals as third parties in the US$6.59 billion (RM28.56 billion) lawsuit filed by the state-owned fund against him.

Irwan fails in attempt to bring in third parties in 1MDB's civil suit against him

Former prime minister Datuk Seri Najib Razak's lead counsel on Monday said his team will write to the Swiss courts to get the English version of the judgement in the conviction of two PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal.

Defence seeking English version of PetroSaudi case judgement, says Najib's lawyer

Fugitive Low Taek Jho (Jho Low) was not acting on behalf of Datuk Seri Najib Razak in 1Malaysia Development Bhd (1MDB) affairs, the High Court heard on Monday.

Najib not represented by Jho Low, Shafee tells 1MDB-Tanore hearing

Former PetroSaudi International executive and 1Malaysia Development Bhd (1MDB) whistleblower Xavier Justo said on Thursday that "justice has been served", following the conviction of two of his former colleagues for the embezzlement of 1MDB funds.

Wrongly incarcerated in Thai prison, 1MDB whistleblower Justo says justice has finally prevailed

A second executive convicted in Switzerland for his involvement in a US$1.8 billion (RM7.8 billion) fraud against Malaysian sovereign wealth fund 1MDB will appeal against the judgement, his lawyers said.

Patrick Mahony to appeal against conviction in 1MDB fraud case

The High Court of Singapore has dismissed an application by BSI Bank Ltd to strike out the US$394 million (RM1.71 billion) claim brought against the bank by 1Malaysia Development Bhd (1MDB) and its subsidiary Brazen Sky Ltd.

Singapore court bins BSI Bank's bid to strike out 1MDB’s US$394m claim

China is poised to cut interest rates on more than US$5 trillion (RM21.7 trillion) of outstanding mortgages as early as this month, according to people familiar with the matter, as it accelerates a move to reduce the borrowing costs for millions of families to spur consumption.

China to cut rates on US$5 tril mortgages as soon as September — Bloomberg

Japan’s ruling party leadership race kicked off on Thursday with the weakened grip of party elders enabling a record number of candidates to enter a wide-open contest to steer the nation through a critical period of transition.

Japan’s leadership race is wide open as party elders retreat

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said.

World oil demand growth is slowest since pandemic as China cools, IEA says

KUALA LUMPUR (Sept 12): Invest Selangor Bhd said its highly anticipated fourth edition of the Selangor Aviation Show (SAS 2024), which was launched on Thursday, is expected to welcome some 25,000 visitors from over 45 countries.

Selangor Aviation Show 2024 set to welcome 25,000 visitors, says Invest Selangor

India wants oil producers group Opec and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.

India wants Opec+ to raise oil output, oil secretary says

India's palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday.

India's palm oil imports plunge as buyers shift to soyoil

BlackRock Inc and Partners Group Holding AG are teaming up to offer retail investors access to a variety of private markets through a single portfolio, tapping into rising demand for alternative investments.

BlackRock, Partners Group to offer retail investors ‘one-stop’ access

Standard Chartered has created a new banking team in its corporate and investment banking division, as a reorganisation of the unit aimed at boosting cross-border business continues, according to an internal memo seen by Reuters on Thursday.

StanChart creates new banking team as it bids for big cross-border deals

NEXTDC Ltd, an Australian data-centre operator, is seeking a A$2.9 billion (US$1.9 billion or RM8.38 billion) syndicated loan from banks to expand its operations in Asia.

NEXTDC seeks US$1.9 loan to expand data centres in Asia, including Malaysia

South Korea’s top financial regulator said it plans to lift the ban on short selling at the end of March, and will ensure that necessary rule revisions are in place by then.

South Korea aims to end short-selling ban on all stocks in March

Concorde Hotel Kuala Lumpur "is not for sale" by its owners and shareholders, said Tan Sri Sallehuddin Mohamed, chairman of its owner Ampang Hotel Sdn Bhd.

In a statement, Sallehuddin said the shareholders "are satisfied with our progress and the direction we are taking" for the hotel.

Concorde Hotel KL not for sale, says owner

Southeast Asian equities have cemented their position as a favourite play of money managers positioning for the US Federal Reserve’s (Fed) policy pivot.

Four of the five best-performing Asian equity benchmarks this month are from the region, with Thailand leading the pack. The buying frenzy has put foreign inflows on track for a fifth consecutive week while the MSCI Asean Index is now trading near its highest level since April 2022.

Global funds rush into Malaysian, Southeast Asian stocks as Fed pivot play

A former aide to Prime Minister Datuk Seri Anwar Ibrahim was charged with drug trafficking at the Magistrate's Court in Kuala Lumpur on Thursday.

Muhammed Yusoff Rawther, who has an ongoing sexual assault suit against Anwar, was charged with one count of trafficking 305 grammes of cannabis at the Kuala Lumpur Police Contingent Headquarters' surau last Friday.

Anwar's former aide, who is suing PM for sexual assault, charged with drug trafficking

Sales of Mazda and Kia vehicles are expected to pick up in the months ahead as analysts shrugged off Bermaz Auto Bhd’s (KL:BAUTO) weaker-than-expected quarter.

Volume-heavy Mazda cars, 10% dividend yield set to prop up Bermaz Auto after weak quarter

China is turning up the heat on its army of 8,700 investment bankers.&nbsp;

After being forced to take big&nbsp;pay cuts&nbsp;and adhere to other belt-tightening measures under President Xi Jinping’s years-long common prosperity campaign, the country’s dealmakers are now in the crosshairs of the nation’s top graft buster.&nbsp;

China detains investment bankers, takes passports in corruption sweep

Any decision&nbsp;on the proposal to make&nbsp;halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the&nbsp;issue should not be turned into polemics, as it is still in the proposal phase and had yet to become&nbsp;a permanent policy.

Conference of Rulers to have final say on mandatory halal certification, says Zahid

Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).

Refocus on property stocks with strong fundamentals amid Johor-Singapore SEZ excitement — Maybank IB

In the second quarter of 2024 (2Q2024), Malaysia's retail sales decelerated to 0.6%, falling short of market expectations, according to Retail Group Malaysia (RGM).

In June, members of the Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) projected a growth rate of 1.7%, making the actual result 65% below the estimate.

Malaysian retailers point to 2Q growth slowdown amid rising prices, weak sentiment

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

High Court grants stay over registration of Semantan Estate

A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session that had Wall Street traders digesting faster-than-anticipated inflation data.

Stocks wipe out CPI-fuelled slide as Big Tech jumps

Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

Selection still open for KL-Singapore high-speed rail technology provider — MyHSR CEO

Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after US&nbsp;core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve (Fed) next week.

Asian shares up on Wall St tech boost; dollar extends gains on yen

First-half earnings in Asia showed how the ripple effects of the Red Sea crisis will continue to be costly for companies that make goods for export, while those that transport their wares benefit from higher freight rates.

Red Sea crisis produces winners and losers in Asia as freight rates spike

Chinese hotpot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending.&nbsp;

Chinese hotpot chain plans US expansion to escape slump at home

KUALA LUMPUR (Sept 12): BIMB Securities has maintained its “underweight” call on the rubber glove sector, citing challenges from strict European Union Deforestation Regulation (EUDR) and persistent overcapacity in the industry.

BIMB Securities flags challenges in rubber glove sector amid EU deforestation rules

China has strongly advised its carmakers to make sure advanced electric vehicle (EV) technology stays in the country, people familiar with the matter said, even as they build factories around the world to escape punitive tariffs on Chinese exports.

Chinese carmakers advised to keep key EV technology at home — Bloomberg

Grand Venture Technology (GVT) has confirmed that it is in discussions for a potential secondary listing of its shares on the Main Market of Bursa Malaysia.

Grand Venture Technology confirms plans for secondary listing on Bursa

The 1Malaysia Development Bhd (1MDB)-Tanore trial has been postponed yet again, as former prime minister Datuk Seri Najib Razak is still nursing an acute knee inflammation in a hospital.

IOI Properties Group Bhd (KL:IOIPG) is going to launch its IOI Industrial Park at Banting, Selangor by the second quarter of next year and is planning another one in Melaka that is expected to be launched two quarters later.

IOI Properties plans more industrial parks as it eyes 20% revenue contribution from the segment

WTEC Group Bhd, a foam and fabric products maker, filed for an initial public offering (IPO) on the ACE Market to raise funds for acquisition of a new, larger factory in Selangor.

1MDB Watch

‌
‌

1MDB Watch

‌‌

‌
‌