<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 6): IJM Corporation Bhd's (KL:<a href="/askedge/klse/3336" class="ce-stock" target="_blank">IJM</a>) chairman has been released on Friday after being detained to assist investigations by the Malaysian Anti-Corruption Commission (MACC), according to&nbsp;chief commissioner Tan Sri Azam Baki.</p></div>

<div class=newsTextDataWrapInner><p>He was released within 24 hours due to his health condition, Azam told <em>The Edge</em> in a text message when asked if the anti-graft agency had detained IJM's chairman.&nbsp;By convention, suspects are not identified by authorities until they are formally charged.</p></div>

<div class=newsTextDataWrapInner><p>“The investigation is still ongoing, and I am unable to comment on whether he will be charged at this stage,” said Azam.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The MACC had previously disclosed it is investigating allegations of money laundering involving IJM. The construction and infrastructure firm has rejected the allegations, describing the claims as unfounded.</p></div>

<div class=newsTextDataWrapInner><p>In January, investigators from the MACC visited IJM’s office, alongside officers from the Inland Revenue Board to obtain documents.</p></div>

<div class=newsTextDataWrapInner><p>The company said that its chairman Tan Sri Krishnan Tan has met and cooperated fully with MACC officers, while other personnel who have been requested to provide information are also assisting the authorities.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/792118" target="_blank">EPF lifts stake in IJM to 20.4%</a>&nbsp;</em></p></div>


IJM Corporation Bhd's (KL:IJM) chairman has been released on Friday after being detained to assist investigations by the Malaysian Anti-Corruption Commission (MACC), according to chief commissioner Tan Sri Azam Baki.

IJM Corp chairman released after questioning, says MACC chief

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Prime Minister Datuk Seri Anwar Ibrahim stressed that he would not interfere in matters concerning the position of the Yang di-Pertuan Besar of Negeri Sembilan, and that any dispute involving the royal institution should be resolved in accordance with the Constitution and the law.

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The government is actively reviewing processes and systems to fully transition business applications online so that entrepreneurs no longer need to spend unnecessary time chasing officers for status updates.

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CAIRO (Sept 26): Yemen's Saudi-led coalition said early on Saturday it had intercepted two ballistic missiles and two drones launched by the Iran-backed Houthis towards the kingdom.

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President Donald Trump’s lavish welcome of leader Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese president is pushing to lock in more favourable terms on Taiwan and trade while he still can.

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US President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz and halt regional fighting within seven days, and told aides he expects to resume bombing after November congressional elections, The Wall Street Journal reported on Friday, citing unnamed US officials.

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US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.

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Chipmaker SK Hynix's Solidigm is considering an initial public offering (IPO) as early as next year that could value the US subsidiary at up to US$150 billion (RM611 billion), according to three people familiar with the matter.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


Vantris, Insas, Inari Amertron, Teck Guan, Willowglen, TSH Resources, Yinson, MISC, Favelle Favco, Kinergy, Kawan Renergy, EWI Capital, Taghill 

<p>Insas Bhd (KL:INSAS) is planning to dispose of its entire remaining 5.65% stake in Inari Amertron Bhd (KL:INARI), valued at roughly RM580 million, to raise cash for working capital and repay credit facilities.</p>


Insas plans to sell entire remaining 5.65% stake in Inari Amertron worth RM580 mil

<p>Manchester City have been found guilty of all but one of the 115 alleged breaches of the Premier League's financial rules, <i>The Athletic</i> and <i>The Times</i> reported on Friday.</p>


Man City found guilty on all but one of 115 charges, reports say

<p>US President Donald Trump has rejected Iran's proposal to reopen the Strait of Hormuz and halt regional fighting within seven days, and told aides he expects to resume bombing after November congressional elections, <em>The Wall Street Journal </em>reported on Friday, citing unnamed US officials.</p>


<p>Wall Street's main indices inched higher on Friday as AI optimism buoyed sentiment despite elevated oil prices and rising Treasury yields, while investors watched efforts to secure a deal to end the Middle East conflict.</p>


Wall Street edges up as AI enthusiasm eases worries over higher oil prices, yields

<p>Prime Minister Datuk Seri Anwar Ibrahim heads into the Budget 2027 announcement on Oct 9 facing narrowing fiscal room, as higher fuel subsidies, a growing debt-servicing burden and the possibility of an early general election complicate the government’s efforts to keep fiscal consolidation on track.</p>


Double cover: Budget 2027’s narrowing fiscal space + Credit under watch

<p>President Donald Trump’s lavish welcome of leader Xi Jinping this week marked a high point for stability in a US-China relationship that’s seen a lot of lows. Now, the Chinese president&nbsp;is pushing to lock in more favourable terms on Taiwan and trade while he still can.</p>


<p>US consumer sentiment fell in September to a four-month low amid deepening worries about rising prices and the outlook for the economy.<br />
&nbsp;</p>


US consumer sentiment falls on concerns about prices, economy

<p>US Treasury yields stabilised on Friday with benchmark 10-year note yields edging lower on the day as oil prices dropped, after they earlier set fresh multi-decade highs, with traders pricing in further Federal Reserve (Fed) interest rate hikes.</p>


<p>Chipmaker SK Hynix's Solidigm is considering an initial public offering (IPO) as early as next year that could value the US subsidiary at up to US$150 billion (RM611&nbsp;billion), according to three people familiar with the matter.</p>


<p>Joe Baratta, the billionaire Blackstone Inc executive and long-time face of its signature buyout fund, is leaving the alternative asset manager by year end after 28 years.</p>


Blackstone’s PE chief Joe Baratta leaving firm

<p>US President Donald Trump will host an event with tech and AI leaders on Tuesday to launch a new government website, as his administration faces pressure to adopt new guardrails for the use of artificial intelligence (AI).</p>


Tech, AI leaders to join Trump for launch of govt website

<p>OpenAI’s artificial intelligence (AI) models accessed publicly available information from US government websites, including those of the Census Bureau and the Securities and Exchange Commission (SEC).</p>


OpenAI’s models accessed public US census, SEC data

<p>Alabama said on Friday it had reached a settlement with TikTok and its Chinese parent company, ByteDance, that requires the social media platform to impose new usage limits and enhanced age-verification measures for users in the state, resolving claims that the platform endangered children and misled consumers about its safety.</p>


<p>The government is actively reviewing processes and systems to fully transition business applications online so that entrepreneurs no longer need to spend unnecessary time chasing officers for status updates.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim stressed that he would not interfere in matters concerning the position of the Yang di-Pertuan Besar of Negeri Sembilan, and that any dispute involving the royal institution should be resolved in accordance with the Constitution and the law.</p>


<p><em><strong>More to come</strong></em></p>
...

<p>(Sept 26): The White House is refusing to allow CNN to travel on Air Force One to cover US President Donald Trump’s trip to Tennessee Saturday, the network reported.</p>

<p>A White House schedule of the president’s public itinerary for Saturday, released late Friday, lists no major US televisi...

<p>CAIRO (Sept 26): Yemen's Saudi-led coalition said early on Saturday it had intercepted two ballistic missiles and two drones launched by the Iran-backed Houthis towards the kingdom.</p>

<p>The coalition said in posts on X that the missiles were headed towards Khamis Mushait and the drones towa...