<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on November 12, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Datuk Seri Najib Razak’s legal team plans to file contempt charges against a politician, journalist and newspaper in relation to comments made on the former premier’s SRC International Sdn Bhd trial.</p></div>

<div class=newsTextDataWrapInner><p>“Remember I said I cannot say their names in open court because I want to take them by surprise? But trust me they are big names,” lead defence counsel Tan Sri Muhammad Shafee Abdullah told reporters after Najib’s SRC trial yesterday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Muhammad Shafee added that he was filing the contempt charges in response to “serious contemptuous remarks” that he was made aware of over the weekend, but did not go into further detail.</p></div>

<div class=newsTextDataWrapInner><p>He said he is asking the court to issue a show-cause letter to the parties subject to the contempt charges.</p></div>

<div class=newsTextDataWrapInner><p>“Once we and the court have received [a response] to the show-cause letter, we will study it. If we find [the response to] the show-cause letter gives good explanation [for the alleged contemptuous remarks], we may not proceed. But if we are not happy we will go for ex parte committal for contempt,” he said.</p></div>


KUALA LUMPUR: Datuk Seri Najib Razak’s legal team plans to file contempt charges against a politician, journalist and newspaper in relation to comments made on the former premier’s SRC International Sdn Bhd trial.

“Remember I said I cannot say their names in open court because I want to...

Najib’s legal team to file contempt charges relating to SRC trial

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China's car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers' caution about spending on big items during a shaky economic recovery.

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KUALA LUMPUR (May 10): Bursa Malaysia Securities Bhd (Bursa Securities) on Friday lifted Awanbiru Technology Bhd (KL:AWANTEC), formerly Prestariang Bhd, from its status as an affected listed issuer, after three years.

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Honda Motor Co forecast another year of record profit on solid demand for hybrids in the US and two wheelers in Asia.

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<p>KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were allegedly obtained through misappropriated funds.</p>


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<p>With signs of a simmering settlement with the government in one of the longest-standing civil land disputes in history dissipating, the Court of Appeal (COA) has fixed Sept 19 to hear the appeal by Semantan Estate (1952) Sdn Bhd in its seven-decade dispute over 263.272 acres of land along Jalan Duta that is currently occupied by public properties.</p>


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<p>SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.</p>


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<p>TA Securities has valued ACE Market-bound Smart Asia Chemical Bhd (SAC) at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 54 sen.</p>


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Kuchai, VSTECS, AHB, Mclean, Kluang, Prtasco, Skywld, Kobay

<p>Shares of Globetronics Technology Bhd [KL:GTRONIC] surged on Friday as analysts project a promising outlook for the group's earnings in the second half of the financial year 2024 (2HFY2024), despite first quarter performance below consensus expectations.&nbsp;</p>


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<p>Tan Sri Azam Baki's contract as chief commissioner of the Malaysian Anti-Corruption Commission has been extended for another year, starting&nbsp;this Sunday (May 12).</p>


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<p>Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.</p>


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<p>Bank Negara Malaysia (BNM) imposed a RM96,250 compound on Habib Jewels Sdn Bhd for non-compliance with the law on anti-money laundering and counter-terror financing.</p>


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<p>KUALA LUMPUR/MUMBAI (May 10): Malaysia’s palm oil stocks increased at the end of April for the first time in six months, as production jumped despite a drop in exports, the industry regulator said on Friday.</p>


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<p>Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) rose as much as 76 sen or 15.29% to a new record high on Friday, following news a privatisation bid for Great Eastern Holdings Ltd, in which it owns a 1% stake.</p>


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<p>Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.</p>


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<p>KUALA LUMPUR (May 10): Bursa Malaysia’s&nbsp;all-time high indicates that measures under the Madani framework are building investor&nbsp;confidence, said Finance Minister II Senator Datuk Seri Amir Hamzah Azizan.&nbsp;</p>


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<p>KUALA LUMPUR (May 10): Property developer Paramount Corp Bhd (KL:PARAMON) said on Friday that it has acquired a 21.54% stake in Eco World International Bhd (KL:EWINT) for RM170.61 million in cash, to accelerate its overseas expansion and diversification plan.</p>


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<p>Phillip Capital has maintained its “buy” rating on Pentamaster Corp Bhd (KL:PENTA) at RM4.44 with a higher target price of RM6.23 (from RM5.65) and said Pentamaster’s first quarter of 2024 (1Q2024) core net profit of RM24 million was in line with its and consensus forecasts.</p>
