KUALA LUMPUR: Datuk Seri Najib Razak was yesterday ordered to leave the court when he turned up to support his wife Datin Seri Rosmah Mansor during a graft hearing after Deputy Public Prosecutor Ahmad Akram Gharib pointed out that he is a potential witness, whose statement has been recorded by th...

Najib asked to leave after prosecution objects to his presence in court

KUALA LUMPUR: The driver for Jepak Holdings Sdn Bhd’s managing director Saidi Abang Samsudin told the High Court yesterday he delivered bags of cash to Datin Seri Rosmah Mansor’s aide Datuk Rizal Mansor in 2016 and 2017.

Shamsul Rizal Sharbini (pic), 42, who is the prosecution’s fourth ...

Jepak MD's driver delivered bags of cash to Rosmah's aide

Former education minister Datuk Seri Mahdzir Khalid today rebuffed Datin Seri Rosmah Mansor's suggestion that he allegedly received a bribe of RM50,000 from Jepak Holdings Sdn Bhd managing director Saidi Abang Samsudin.

Ex-education minister denies receiving RM50,000 bribe from Jepak

Madinah asked to speed up approval of solar hybrid project for 369 schools in S’wak

Education sec-gen second to say Rosmah hurried project

KUALA LUMPUR: Datin Seri Rosmah Mansor’s defence team produced a letter sent by Vignesh Kumar & Associates on behalf of Datuk Seri Mahdzir Khalid to the attorney-general (AG), stating that their client was willing to testify against the “prime mover” of the RM1.25 billion solar hybrid project...

Letter to AG says Mahdzir willing to testify against project’s ‘prime mover’

*story updated* KUALA LUMPUR (Feb 18): Datin Seri Rosmah Mansor's lawyer argued today that the stand taken by former education secretary-general Tan Sri Madinah Mohamad in court on a proposed solar hybrid project was inconsistent with her previous stand.

Ex-education sec-gen has changed her stand on solar project, says lawyer

KUALA LUMPUR: Datin Seri Rosmah Mansor’s lawyer argued yesterday that former education secretary-general Tan Sri Madinah Mohamad’s stand taken in court on a proposed solar hybrid project was inconsistent with her previous stand.

Counsel Datuk Akberdin Abdul Kader said Madinah seemed to ...

Lawyer highlights witness’ inconsistent stand on project

Former education minister Datuk Seri Mahdzir Khalid said Datuk Seri Najib Razak ordered him to issue a letter of acceptance for the RM1.25 billion solar hybrid power project to Jepak Holdings Sdn Bhd despite his ministry's lack of funds to implement the project.

Acceptance letter for RM1.25b solar hybrid project issued despite Education Ministry’s lack of funds

KUALA LUMPUR: A misunderstanding caused the falling out of two representatives, business partners Rayyan Radzwill Abdullah and Saidi Abang Samsudin of Jepak Holdings Sdn Bhd, leading to Rayyan attempting to take control of the solar hybrid project, said a witness.

This was revealed by f...

'Jepak partner threatened to expose Najib, Rosmah’s roles in solar project'

KUALA LUMPUR: Awarding the solar hybrid and diesel generator set project to Jepak Holdings Sdn Bhd through direct negotiations did not follow procedures, and the company’s RM1.25 billion quotation for the project was accepted without any discussions, said a witness.

The Ministry of Fina...

RM1.25b quoted by Jepak for project not negotiated — witness

Cocoa futures hit a new high in New York — topping US$11,000 (RM52,624) a metric tonne — as the pace of processing in chocolate factories holds up even in the face of a global supply crunch and record prices.

Cocoa soars above US$11,000 a tonne as processing pace holds up

The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.

US bank reserve balances see largest drop since 2022 tax season

Netflix on Thursday unexpectedly announced that it will stop reporting subscriber numbers each quarter, a decision seen as a sign that years of customer gains in the streaming wars are coming to an end.

Netflix to stop reporting subscriber tally as streaming wars cool

Federal Reserve policymakers have coalesced around the idea of keeping borrowing costs where they are until perhaps well into the year, given slow and bumpy progress on inflation, and a still-strong US economy.

US Fed policymakers agree there's no urgency to cut rates

Donald Trump said on Thursday the survival of Ukraine is important to the US, a shift in tone days before the Republican-led US House of Representatives is due to vote on a US$61 billion (RM291.8 billion) aid package.

Donald Trump says Ukraine's survival is important to US

The Indonesian government is working with central bank governor Perry Warjiyo to cushion the country’s economy from the rise in the US dollar, according to its finance minister.

Indonesian finance chief aims to shield economy from dollar rise

A trader accused of exploiting Mango Markets rules to steal US$110 million (RM526.2 million) from the exchange was convicted of fraud in the first US trial involving criminal charges tied to cryptocurrency manipulation.

Crypto trader convicted in US$110m Mango Markets fraud

The US on Thursday effectively stopped the United Nations from recognising a Palestinian state by casting a veto in the Security Council to deny the Palestinian Authority full membershipof the world body.

US stops UN from recognising a Palestinian state through membership

NEW YORK (April 19): US stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy.

Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in th...

Wall Street closes lower; gold climbs amid economic, geopolitical crosswinds

Chinese government-linked hackers have burrowed into US critical infrastructure and are waiting "for just the right moment to deal a devastating blow," FBI director Christopher Wray said on Thursday.

FBI says Chinese hackers preparing to attack US infrastructure

KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

KUALA LUMPUR (April 18): AwanBiru Technology Bhd (Awantec) said trading in its shares will be suspended from April 26, after the group failed to submit its regularisation plan to the regulators for approval within the stipulated timeframe.

Awantec faces trading suspension from April 26 after failing to submit regularisation plan

After spending over two years in court due to a suit from Empire Holdings Ltd, MAA Group Bhd, its major shareholder Tunku Datuk Yaacob Khyra and Turiya Bhd have been dropped as parties in the suit over MAA’s purchase of Turiya shares from a Bahrain-based bank. &nbsp;

MAA Group exits legal bout over 2021 Turiya share acquisition under settlement deal

High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and&nbsp;Special Financial Zone&nbsp;(SFZ) in Forest City can spur Johor’s economy to outpace that&nbsp;of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.

Special economic, financial zones can help Johor surpass other states economically, says Anwar

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EVENING 5: Five things you need to know today

Bursa Malaysia Securities Bhd has approved the transfer of UMediC Group Bhd’s listing status from the ACE Market to the Main Market, under the 'health care'&nbsp;sector.

Bursa approves UMediC’s transfer to Main Market

The developer of the&nbsp;Petaling Jaya Dispersal Link (PJD Link) expressway will receive an official letter soon, notifying it of the cancellation of the construction project.

PJD Link developer to get official letter soon on cancellation, says Nanta

Swiss state prosecutors are seeking long prison terms for two men accused of embezzling US$1.8 billion from 1Malaysia Development Bhd (1MDB) — Saudi-Swiss businessman Tarek Obaid and his Swiss-British business partner Patrick Mahony, the AFP reported.

Swiss prosecutors seek long jail terms for duo in US$1.8bil 1MDB fraud — report

FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.

He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.

RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

The allocations that the government has agreed to consider extending to elected representatives from the opposition are subject to terms and conditions, said DAP Parliament chief whip Nga Kor Ming.

Nga: Proposed allocations for opposition reps conditional

KUALA LUMPUR (April 18): 7-Eleven Malaysia Holdings Bhd, known for its extensive network of convenience stores, declared on Thursday an interim dividend of 2.7 sen per share for its financial year ended Dec 31, 2023 (FY2023), after posting a record high net profit.

7-Eleven declares 2.7 sen dividend for FY2023

(April 18):&nbsp;The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player&nbsp;—&nbsp;Pierre Andurand, a hedge-fund manager best known for his bets on oil.&nbsp;

Why the world of chocolate is in crisis

Kimlun Corporation Bhd has bagged a construction contract worth RM150 million for a serviced apartment development project in Johor Bahru.

In a bourse filing on Thursday, Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd received the award as the main contractor for the Aliva Mount Austin residential project from Astaka Development Sdn Bhd, a subsidiary of Singapore-listed Astaka Holdings Limited.

Kimlun bags RM150 mil contract for residential construction project in Johor

The Penang government will wait&nbsp;for&nbsp;recommendations from the&nbsp;undersea tunnel project&nbsp;steering committee before making any decision&nbsp;regarding the implementation of the project, said&nbsp;Chief Minister&nbsp;Chow Kon Yeow.

Undersea tunnel: Penang to wait for steering committee's recommendations, says Chow

More than a year after it diversified into the sand dredging business, timber products manufacturer Auro Holdings Bhd (formerly known as NWP Holdings Bhd) is proposing to venture into the food and beverage (F&amp;B) business.

The proposed diversification is aimed at expanding its revenue stream and reducing its reliance on the wood-based and sand mining industries, said the loss-making company in a bourse filing on Thursday. &nbsp;

Auro forays into F&B business to cut dependence on wood-based and sand mining industries

With 94% of Malaysian companies gearing up for an artificial intelligence (AI) driven future, National Technology and Innovation Sandbox (NTIS) together with NVIDIA has launched an AI pilot sandbox programme.

MOHE estimates 13,000 new AI talents by 2026

Indonesia discouraged its state-owned enterprises from making huge dollar purchases, showing the all-hands-on-deck approach that the nation has taken to support the rupiah.

State-run firms with large import requirements or foreign currency-denominated debt must avoid buying large amounts of US dollars while the rupiah is under pressure, Coordinating Minister for Economic Affairs Airlangga Hartarto said in a briefing on Thursday.

Indonesia tells state firms to refrain from buying dollars

NEW YORK (April 19): US stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy.

Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in th...

While most flights continued to be impacted&nbsp;following the volcanic eruption at Mount Ruang in North Sulawesi, Indonesia,&nbsp;low-cost carrier AirAsia&nbsp;reinstated several flights on Thursday.

AirAsia reinstates several flights on Thursday after Indonesia's volcanic eruption

Datuk Seri Dr Zambry Abdul Kadir, who co-chairs the Kuala Kubu Baharu by-election machinery&nbsp;coordination for the unity coalition, said its candidate would be deemed to represent the unity government rather than&nbsp;any particular party per se.

Hafiz Yatim & Syahirah Syed Jaafar

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