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News by theedgemarkets.com

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Day 52 of Najib's SRC trial: The prosecution's final week to make its case begins?

13 August, 2019

He also said that Najib was "autocratic" when it came to matters relating to SRC and 1MDB, often telling Ahmad Husni to not be involved, leaving the former minister out of discussions relating to the two companies.

 

 

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Strike three as apex court dismisses Najib's appeal to postpone 1MDB hearing

13 August, 2019

However, the five-member bench led by Chief Justice Datuk Seri Tengku Maimun Tuan Mat ruled that the defence and prosecution would have to take it up with High Court trial judge Justice Collin Lawrence Sequerah on Aug 19 itself whether they want to proceed with the case on that day.

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Singapore likely to fall into technical recession, says AmBank Research

13 August, 2019

"Their complex integration in regional and global supply chains makes them vulnerable to a slowdown in world growth and tariff wars.

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Malaysia 2Q2019 GDP growth to be stronger, says AmBank Research

13 August, 2019

AmBank group chief economist Dr Anthony Dass said Malaysia’s industrial production (IP) rose 3.9% year-on-year (y/y) in June, slightly slower than May’s 4.0% y/y, and below market consensus of 4.1% y/y.

 

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Five witnesses in Najib’s SRC trial have passed away, MACC officer tells High Court

10 August, 2019

They were: private secretary to the former Prime Minister Datuk Seri Azlin Alias, Economic Planning Unit director general Datuk Noriah Ahmad, Umno Penang liaison committee chairman Datuk Seri Zainal Abidin Osman, Kumpulan Wang Persaraan (Diperbadankan) (KWAP) investment chief Ahmad Norhisham, and someone by the name of Izat Izaidi.

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High Court reminds ex-PM that his FB posts border on contempt as prosecution withdraws apology demand

09 August, 2019

Najib posted the two Facebook posts to justify his credit card spending of RM3.3 million at a Swiss jeweller in Rome — which was raised in court in relation to charges against him — by saying he purchased gifts for a senior member of royalty.

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Controlling shareholder Tee family sells RM714m worth of real estate assets to GSB Group

09 August, 2019

The Tee family bought into GSB in May last year, from a group of shareholders. It also controls Kerjaya Prospek Bhd, holding 70.26% stake in the construction company. 

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news

17 former and current Goldman Sachs directors slapped with criminal charges over 1MDB

09 August, 2019

In a statement today, Attorney-General Tommy Thomas said the 17 individuals connected to Goldman Sachs were slapped with criminal charges filed under Sections 367(1) of the Capital Markets and Services Act, 2007 (CMSA). This is in addition to the charges already levied against three Goldman Sachs subsidiaries, under Section 179 of the CMSA. 

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High Court allows joint corruption trial for Ku Nan and Tan Eng Boon

09 August, 2019

It was reported that Tan is accused of giving — and Ku Nan receiving — RM1 million for the approval of Nucleus Properties Sdn Bhd's application (now known as Paragon City Development Sdn Bhd), to increase the plot ratio relating to the development of Lot 228 along Jalan Semarak here.

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Bung Moktar and Zizie's case to remain at Sessions Court

09 August, 2019

If convicted, the duo stand to face a maximum 20 years jail term and a minimum fine of RM10,000 or five times the amount of graft received.

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