News by theedgemarkets.com

Malaysia Airlines clarified that it does not fly over the airspace of Iraq on its flights to and from London, Jeddah and Medina. The airline added that it will be avoiding the Iranian airspace due to recent events and stressed that safety is of utmost importance.

"We are quite satisfied that the recordings were authentic."

Justice Sequerah fixed Feb 18 and 21, March 2-6, 9-13, 19-20, 23-27, 30-31, the whole month of April, May 4, and the whole month of June until October, including Fridays until 12:30pm, with the exception of weekends and public holidays for the 1MDB-Tanore trial.

Jho Low had purportedly transferred some RM80 million to RM90 million into the former premier's accounts, according to appointed prosecutor Datuk V Sithambaram, who was cross-examining Najib this morning during the SRC International Sdn Bhd trial.

He contended that his signatures could have been forged on documents that included SRC’s minutes of meetings and directors’ circular resolutions.

In a filing with Bursa Malaysia, the engineering and management and consultancy firm said the placement would enable it to subscribe Highbase Strategic Sdn Bhd (HSSB)’s redeemable convertible preference shares (RCPS).

Taliworks added that RM626.1 million of the total sale consideration has been paid by Starbright to its wholly-owned unit Sungai Harmoni Sdn Bhd, from the proceeds of the asset-backed medium term notes the SPV had previously issued to purchase the receivables.

Najib said this today at the High Court here during the SRC International Sdn Bhd trial before High Court Judge Mohd Nazlan Mohd Ghazali. Najib is facing seven charges involving the misappropriation of RM42 million from 1Malaysia Development Bhd's former subsidiary SRC.

Meeriam Rosaline Edward is the companion of 82-year-old Samy Vellu, who is former MIC president.

Responding to deputy public prosecutor (DPP) Datuk V Sithambaram's suggestion that the running of SRC was a miserable failure, Najib said "we did not know it was so" at that time.