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Sun, 15 Sep 2019, 9:42 PM
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Topic: The Edge Markets

The Edge Markets:
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1MDB-Tanore trial postponed as Najib claims to be sick
KUALA LUMPUR (Sept 11): Datuk Seri Najib Razak's trial on the alleged embezzlement of funds in 1Malaysia Development Bhd (1MDB-Tanore trial) has been postponed today as the former prime minister has c...
The Edge Markets:
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1MDB-Tanore Trial Day 6: Defence to continue cross-examination of Najib’s...
KUALA LUMPUR (Sept 10): Datuk Amhari Efendi Nazaruddin (left), the eighth prosecution witness in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial will continue to be cross-examined by the def...
Malay Mail:
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Najib’s stepson bids to shift RM1.2b case to High Court
KUALA LUMPUR, Aug 27 — Lawyers for Riza Shahriz Abdul Aziz have applied to transfer his five charges of laundering US$248 million (RM1.2 billion at current rates) in alleged 1MDB funds to the High C...
The Edge Markets:
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Day 57 of Najib's SRC trial: Prosecution expected to wrap its case
KUALA LUMPUR (August 27) - The prosecution is expected to wrap its case in the Datuk Seri Najib Razak SRC International Sdn Bhd trial at the High Court with the defence expected to end the cross-exami...
Malaysiakini:
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Plus acquisition: Maju's offer 'appears attractive'
The Works Ministry said Maju Holding Bhd's offer to acquire Plus Malaysia Bhd "appeared attractive" and involved significant reduction in toll rates.
The Edge Markets:
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Day 56 of Najib's SRC trial: Defence expected to wrap up cross-examination of...
KUALA LUMPUR (Aug 23): The defence in former premier Datuk Seri Najib Razak's SRC International Sdn Bhd trial intends to conclude its cross-examination of Malaysian Anti-Corruption Commission (MACC) i...
The Edge Markets:
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Day 55 of Najib's SRC trial: Defence expected to continue cross-examining MACC'...
KUALA LUMPUR (August 22) - The defence in Datuk Seri Najib Razak SRC International Sdn Bhd trial will continue to cross-examine Malaysian Anti Corruption Commission investigating officer Rosli Hussain...
The Edge Markets:
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Day 53 of Najib's SRC trial: Prosecution expected to wrap up examination-in-...
KUALA LUMPUR (Aug 14): The prosecution in the Datuk Seri Najib Razak SRC International Sdn Bhd case is expected to complete the examination-in-chief of Malaysian Anti-Corruption Commission investigati...
The Edge Markets:
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Day 51 of Najib’s SRC trial: The prosecution’s final witness to take stand?
KUALA LUMPUR (Aug 9): The prosecution in Datuk Seri Najib Razak's criminal breach of trust, abuse of power and money laundering case involving RM42 million from SRC International Sdn Bhd funds at the ...
SoyaCincau.com:
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AirAsia may face fines for charging processing fees for card and online banking transactions
According to a report by The Edge Markets, low-cost carrier AirAsia could still face fines for charging passengers additional processing fee for card and online banking transactions.
The Edge Markets:
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Day 47 of Najib's SRC trial: Joanna Yu to continue testifying for seventh day
KUALA LUMPUR (Aug 5): The trial of Datuk Seri Najib Razak involving the alleged siphoning of RM42 million from SRC International Sdn Bhd into his account enters its 47th day today, with the defence to...
The Borneo Post:
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Taxman sues Ku Nan for RM57mil in unpaid taxes since 2012, says report
Tengku Adnan Tengku Mansor KUCHING: Datuk Seri Tengku Adnan Tengku Mansor, the former Umno secretary-general, is being sued by the government through the Inland Revenue Board (IRB) for RM57.17 millio...
Malay Mail:
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Report: Taxman sues Ku Nan for RM57m
KUALA LUMPUR, Aug 2 — The Inland Revenue Board has filed a lawsuit against Umno's Datuk Seri Tengku Adnan Tengku Mansor over RM57.17 million in unpaid taxes from 2012 until 2017.
Malay Mail:
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As Singapore’s exports dive, economists see Malaysia escaping trade war slump
KUALA LUMPUR, July 29 — The Malaysian economy’s lower exposure to global trade means it will avoid the brunt of the fallout from the US-China trade war unlike Singapore, according to observers.
The Edge Markets:
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Leaders must stop fighting, work for nation: Analyst
KUALA LUMPUR (July 27): Voters who put Pakatan Harapan into power in the last general election would want its leaders to stop bickering and focus instead on setting the nation on the right track, says...
The Borneo Post:
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Sarawak can settle loans if PH keeps promise of 20 per cent oil royalty, says former minister on repair of dilapidated schools
KUCHING: Finance Minister Lim Guan Eng has been blasted by a former federal minister today over his insistence that Sarawak pays back its loans to Putrajaya before it releases RM350 million to repair ...
The Star:
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Rahman Dahlan bashes LGE: 20% oil royalties would cover all Sarawak debts
KOTA KINABALU: Finance Minister Lim Guan Eng should first keep the Pakatan Harapan election promise of giving 20% oil royalties to the eastern states of Malaysia before asking Sarawak to repay its loans, says an Umno supreme council member.
Malaysiakini:
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Syed Mokhtar enlarges stake in Utusan Group
A company linked to Syed Mokhtar Al-Bukhary (photo, above) has moved past Umno as the second-largest shareholder in Utusan Melayu (Malaysia) Bhd.
Malaysiakini:
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Syed Mokhtar enlarges stake in Utusan Group
A company linked to Syed Mokhtar Al-Bukhary (photo, above) has moved past Umno as the second-largest shareholder in Utusan Melayu (Malaysia) Bhd.
The Edge Markets:
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Day 42 of Najib's SRC trial: Cross-examination of ex-AmBank relationship...
KUALA LUMPUR (July 23): High Court judge Justice Mohd Nazlan Mohd Ghazali is expected to receive a submission on whether there is sub judice on Datuk Seri Najib Razak's mid-July Facebook posting rega...
The Edge Markets:
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Day 40 of Najib's SRC trial: Ambank relationship manager Joanna Yu expected to...
KUALA LUMPUR (July 18): Former AmBank managing director (MD) Cheah Tek Kuang, the prosecution’s 50th witness, will continue to be cross examined by the defence in Datuk Seri Najib Razak’s SRC Inte...
The Edge Markets:
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Day 39 of Najib's SRC trial: Defence continues to examine Ex-YR1M CEO Ung Su...
KUALA LUMPUR (July 17): Former Yayasan Rakyat 1Malaysia (YR1M) chief executive officer Ung Su Ling will continue to be cross examined by the defence this morning in the SRC International Sdn Bhd trial...
The Edge Markets:
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Day 39 of Najib's SRC trial: Defence continues to examine Ex-YR1 CEO Ung Su Ling
KUALA LUMPUR (July 17): Former Yayasan Rakyat 1Malaysia (YR1M) chief executive officer Ung Su Ling will continue to be cross examined by the defence this morning in the SRC International Sdn Bhd trial...
Malaysiakini:
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Plus highway deal: Cabinet members on opposite lanes?
Maju Holdings Sdn Bhd's revived bid to take over Plus Malaysia Bhd – the biggest highway operator in the country – appears to be causing some friction in Putrajaya.
EdgeProp.my:
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Nooryana Najwa Najib: He is not a criminal, he's my brother
KUALA LUMPUR (July 5): Nooryana Najwa Najib has stated in an Instagram posting today that her stepbrother, Riza Aziz, “is not a criminal”.
Malay Mail:
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DRB-Hicom denies buying over Umno’s stake in Media Prima
KUALA LUMPUR, July 3 — Conglomerate DRB-Hicom Bhd has denied today media reports claiming that it bought over 11 per cent of shares in media company Media Prima Bhd.
Malay Mail:
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DRB-Hicom denies buying over Umno’s stake in Media Prima
KUALA LUMPUR, July 3 — Conglomerate DRB-Hicom Bhd has denied today a media report claiming that it bought over 11 per cent of shares in media company Media Prima Bhd, and another 8 per cent from Umn...
Malay Mail:
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Syed Mokhtar’s DRB-Hicom buys up Umno’s stake in Media Prima
KUALA LUMPUR, July 3 — Tan Sri Syed Mokhtar Shah Syed Nor Albukhary’s DRB-Hicom Bhd has acquired Umno’s 11 per cent holding in Media Prima Bhd, according to unnamed sources.
Malay Mail:
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Resurgence in Syed Mokhtar’s Pos Malaysia shares fuel speculation of postage rate hike
KUALA LUMPUR, July 3 — Pos Malaysia Bhd’s shares have recovered from their lowest point in a decade, feeding belief that the privately-owned national postal service is about to be allowed to raise...
Malaysiakini:
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FGV board in a bind - shareholders throw out directors' fees, perks
Felda Global Ventures Holdings' (FGV) board of directors is in a bind after shareholders approved the reappointment of its members but voted down the payment of their fees and allowances.
SoyaCincau.com:
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11street Malaysia is no more…
… and hey presto! 11Street Malaysia announced today that they will be rebranded as PrestoMall. The e-commerce platform will form part of Presto, a social marketing platform that allows you offers a ...
The Edge Markets:
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Day 27 of Najib's SRC trial: next witness is from the Cabinet?
KUALA LUMPUR (Jun 18): The trial of former prime minister Datuk Seri Najib Razak who is charged with embezzling funds of RM42 million from SRC International Sdn Bhd will enter its 27th day.
The Edge Markets:
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Day 23 of Najib's SRC trial: Ismee's testimony may revolve around director...
KUALA LUMPUR (June 12): All eye will be on the testimony of former SRC International Sdn Bhd chairman Tan Sri Ismee Ismail again, ‬as the former premier Datuk Seri Najib Razak's RM42 million SRC tr...
The Edge Markets:
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Day 22 of Najib's SRC trial: Ismee to carry on with testimony
KUALA LUMPUR (June 11): Former SRC International Sdn Bhd chairperson Tan Sri Ismee Ismail will continue with his testimony during the examination-in-chief by the prosecution, where he is expected to ...
The Edge Markets:
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Day 17 of Najib's SRC trial: Azlida of KWAP to be cross-examined by defence...
KUALA LUMPUR (May 14) - The Datuk Seri Najib Razak RM42 million abuse of power, criminal breach of trust and money laundering SRC International Sdn Bhd trial continues today and tomorrow for this week...
SoyaCincau.com:
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Malaysia’s Communication and Multimedia Minister to issue a statement on Axiata – Telenor Merger
Earlier this week, Axiata Group Berhad and Telenor Group had announced that they are in talks to merge their Asian operations.
Malay Mail:
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Najib will challenge civil forfeiture suits, says lawyer
KUALA LUMPUR, May 8 — Datuk Seri Najib Razak will challenge the two civil forfeiture suits filed by Putrajaya and the police against him and several others, said his lawyer Tan Sri Muhammad Shafee A...
theSun:
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AGC files motion to forfeit items seized from Najib, Rosmah and 16 others
Malay Mail:
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Government moves to forfeit RM711m worth of items seized from Najib, Rosmah
KUALA LUMPUR, May 8 — Putrajaya and the Royal Malaysia Police have initiated legal action to forfeit property, jewellery, luxury goods, vehicles and other valuables seized during raids on Datuk Seri...
The Edge Markets:
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Day 14 of Najib's SRC trial: Najib fails in bid to
KUALA LUMPUR (May 7): Datuk Seri Najib Razak's SRC trial will start a little later today as the former premier will have to travel to the Court of Appeal in Putrajaya to know the outcome of his app...
SoyaCincau.com:
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Axiata and Telenor may merge Asian operations
Axiata Group Berhad and Digi.com have suspended trading today pending a release of a material announcement.
Malay Mail:
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Axiata, DiGi halt share trade ahead of possible merger announcement
KUALA LUMPUR, May 6 — Telecommunications providers Axiata and DiGi both requested Bursa Malaysia to suspend trading of their shares this morning pending a merger announcement.
The Edge Markets:
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Day 12 of Najib's SRC trial: Prosecution to revert on 1MDB court dates
KUALA LUMPUR (May 2): Datuk Seri Najib Razak's SRC International Sdn Bhd trial enters its 12 day today, but the hearing is expected to start late as the former premier must attend another hearing fir...
The Edge Markets:
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Day 10 of Najib's SRC trial: Will it go on?
KUALA LUMPUR (April 29): As Datuk Seri Najib Razak's SRC International Sdn Bhd trial enters its 10th day today, the former premier and the public will know whether High Court judge Justice Mohd Nazla...
The Edge Markets:
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Day 9 of Najib's SRC trial: AmBank Raja Chulan manager continues her testimony
KUALA LUMPUR (April 25): The Datuk Seri Najib Razak trial where he faces charges of criminal breach of trust, abuse of power and money laundering of SRC International Sdn Bhd funds of RM42 million en...
The Edge Markets:
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Day 8 of Najib's SRC trial: Last of cheque recipients, bankers expected to...
KUALA LUMPUR (April 24) : The prosecution in Datuk Seri Najib Razak's RM42 million criminal breach of trust, abuse of power and money laundering trial involving SRC International Sdn Bhd, is expected ...
The Edge Markets:
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Day 7 of Najib's SRC trial: More of Najib's cheques recipients expected to...
KUALA LUMPUR (April 23): It could have been another day for Datuk Seri Najib Razak and Datin Seri Rosmah Mansor at the KL Court Complex today.
The Edge Markets:
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Day 6 of Najib's SRC trial
KUALA LUMPUR (April 22): Datuk Seri Najib Razak's SRC trial enters its sixth day today amidst controversy over the former premier's aide uploading a court video recording on his Facebook account, wh...
The Edge Markets:
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Day 5 of Najib’s SRC Trial
KUALA LUMPUR (April 18) : The Datuk Seri Najib Razak SRC International Sdn Bhd trial enters critical stage today as Bank Negara Malaysia (BNM) investigator Ahmad Farhan Sharifudin is asked to bring th...
Malaysiakini:
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TNB shares take RM2.5b hit after Khazanah's shock stock dump
Tenaga Nasional Berhad (TNB) shares have declined to its lowest level since October 2015 after Khazanah Nasional sold 85 million units at RM12.33 apiece.
Malaysiakini:
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Felda claims 'cheated' in Eagle High stake purchase, lodges report
Felda has lodged a police report alleging it was cheated into purchasing a 37 percent stake in Indonesia's Eagle High Plantations TPK (EHP) for US$505 million (RM2.3 billion), by former prime minister...
The Straits Times:
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Johor to seek legal advice on ship-to-ship transfer hub
JOHOR BARU (THE STAR/ASIA NEWS NETWORK) - Johor will seek legal advice after the federal Pakatan Harapan government announced plans to develop a ship-to-ship (STS) transfer project in the Strait of Jo...
KiniTV:
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Najib fumes over massive tax bill
Former prime minister Najib Abdul Razak today confirmed that he has received an unexpected tax bill and he is unhappy."We will see a review and specific remedy under the (due) process because the basi...
Free Malaysia Today:
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RM2.6 bil donation not taxable, insists Najib
PETALING JAYA: Former prime minister Najib Razak today insisted that the RM2.6 billion political donation he received from Saudi Arabia is not taxable because of certain grey areas in accounting terms...
Malay Mail:
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Najib’s 'tax evasion an act of treason' is self-fulfilling — Ko Chung Sen
APRIL 2 — On 25 November 2013, at the opening of National Economic Empowerment (PENA) Conference, Datuk Seri Najib Razak publicly proclaimed “tax evasion as tantamount to an act of treason that ha...
Malaysiakini:
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Najib once said ‘tax evasion an act of treason’
ADUN SPEAKS | On Nov 25, 2013, at the opening of National Economic Empowerment (PENA) Conference, Najib Abdul Razak publicly proclaimed that “tax evasion was tantamount to an act of treason that bet...
Malaysiakini:
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Foreign political donations not bound by local tax laws, insists Najib
Income, in the form of political donations from foreign countries, is not subject to local tax laws, Najib Abdul Razak has insisted.
Free Malaysia Today:
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Impossible to get fair trial in Malaysia, Jho Low says
PETALING JAYA: Fugitive businessman Low Taek Jho has hit out at the government over reports that it is seeking to freeze bank accounts purportedly linked to him in a bid to recover money said to be fr...
Malaysiakini:
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Gov't looks to freeze Jho Low's father's accounts worth RM48m
The government has filed a civil forfeiture action to freeze seven bank accounts belonging to Jho Low's father Larry Low Hock Peng, said to be worth RM48 million.
The Straits Times:
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Malaysian government moves to freeze 7 bank accounts belonging to 1MDB fugitive Jho Low's father
KUALA LUMPUR - The Malaysian government has sought to freeze seven bank accounts belonging to fugitive financier Low Taek Jho's father, Larry Low Hock Peng, The Edge Markets reported on Thursday (Marc...
e27:
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KL-based Cuscapi acquires tech firm Amplify Me for US$1.6M
Cuscapi Bhd, Point-of–Sale systems company focussing on business management solutions in Malaysia, announced the acquisition of Singapore-based Amplify Me Pte Ltd through its wholly-owned subsidiary...
The Edge Markets:
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Hanipa: Dr M isn’t perfect, but who is?
KUALA LUMPUR (March 25): Responding to criticism of Prime Minister Tun Dr Mahathir Mohamad for his stand on retaining Datuk Ronald Kiandee as Public Accounts Committee (PAC) chairperson, a Deputy Mini...
Star TV:
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Najib: I did not fall asleep in court, just closed my eyes
Pekan MP Datuk Seri Najib Tun Razak was seen sleeping in the Court of Appeal on Monday, according to a report by The Edge Markets.
EdgeProp.my:
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RM600m Balik Pulau township project does not exist, says mayor
GEORGE TOWN (March 7): The Penang Island City Council (MBPP) said today that the proposed RM600 million GDV township development in Balik Pulau does not exist because no planning permission applicatio...
Malaysiakini:
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Putrajaya offered panda bonds, reveals China ambassador
The China Construction Bank is proposing to issue panda bonds for Malaysia to help with the country's finances, revealed China's ambassador to Malaysia Bai Tian.
EdgeProp.my:
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TTDI residents: Why still no action taken against Tengku Adnan over Taman Rimba Kiara?
KUALA LUMPUR (Feb 4): Taman Tun Dr Ismail (TTDI) residents are questioning:  Why is there still no action taken against former FT minister Tengku Adnan Tengku Mansor over his involvement in the plann...
Malaysiakini:
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Details needed on Mesiniaga-Xiddig venture
LETTER | In a news report published on Jan 26, your CEO gave the assurance that the EM–IIG project awarded by the little-known Xiddig Cellular Communications Sdn Bhd was intact and viable.
Malaysiakini:
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Report: Cabinet decides to terminate ECRL project
Putrajaya has decided to terminate the controversial RM81 billion East Coast Rail Link (ECRL) project, according to a news report.
KiniTV:
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Dr Mahathir: I don't know whether CCCC contract terminated
Prime Minister Dr Mahathir Mohamad has said today that he does not know whether the China Communications and Construction Company (CCCC) has been terminated as the contractor for the controversial Eas...
Malaysiakini:
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What did Mahathir say about the UEC?
Prime Minister Dr Mahathir Mohamad's recent interview, which touched on the recognition of the United Examination Certificate (UEC), has sparked uproar in the Chinese community.
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