Former finance minister Tun Daim Zainuddin says he will be charged at the Sessions Court next Monday (Jan 29).

This came after the Malaysian Anti-Corruption Commission (MACC) recorded his statement on Friday.

Daim says he will be charged next Monday

The Shah Alam High Court on Friday allowed the winding-up petition by Airpak Express (M) Sdn Bhd on Nationwide Express Holdings Bhd.

Court gives nod to winding up of Nationwide Express

Former solicitor general II Datuk Mohd Yusof Zainal Abiden and Alex Tan Chie Sian from the law firm Wong Kian Kheong & Co are said to not be part of the team representing Toh Puan Na’imah Abdul Khalid and possibly her husband, former finance minister Tun Daim Zainuddin, in court.

Daim, wife drop lawyers handling corruption trial 

The Federal Court on Wednesday said a nine-member bench will deliver its decision on a constitutional challenge mounted by lawyer Nik Elin Zurina Nik Abdul Rashid and her daughter over the legality of 18 of Kelantan's shariah laws, which they claim are contrary to federal laws.

Apex court fixes Feb 9 for decision on lawyer's constitutional challenge of Kelantan's shariah laws

The trial judge in the 1Malaysia Development Bhd case involving former prime minister Datuk Seri Najib Razak has cautioned media to ensure proper perspective in their reporting of MACC investigating officer Nur Aida Arifin's testimony, after Najib’s lead counsel Tan Sri Muhammad Shafee Abdullah again objected to a portal’s report of her testimony.

Judge in 1MDB trial cautions media over proper perspective in reporting

The prosecution in Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor’s sedition case maintained there are no complex or novel legal issues that warrants a transfer from the Sessions Court to the High Court.

Prosecution says Sanusi’s sedition case not complex, does not warrant transfer to High Court

The Federal Court on Wednesday has allowed lawyers representing the late Datuk Seri Salahuddin Ayub and Dewan Rakyat Speaker Tan Sri Johari Abdul Ghani to withdraw their challenges with regards to the emergency proclamation made during Tan Sri Muhyiddin Yassin’s time as prime minister.

Dewan Rakyat Speaker, late Pulai MP drop appeal challenging emergency proclamation; May 15 fixed for next hearing

The Court of Appeal on Tuesday agreed that the Cabinet had no power to grant an extension for the controversial Lynas plant to operate for another six months in 2019, but dismissed the appeal of Save Malaysia, Stop Lynas activist Tan Bun Teet and two other Kuantan residents, ruling that their application to challenge the approval was superseded by events.

Court rules Cabinet had no right to grant Lynas licence extension, but says residents’ appeal overtaken by events 

The Federal Court has fixed Feb 20 to hear the motion for leave to appeal by the Islamic Education Developmental Council (Mappim) and the Coalition of National Writers’ Association (Gapena) over the constitutionality of teaching languages other than Bahasa Malaysia in vernacular schools.

Apex court sets Feb 20 for Malay groups' motion for leave to appeal vernacular school issue

The Court of Appeal on Tuesday deferred in delivering its decision on the appeal by former Felda chairman Tan Sri Mohd Isa Samad scheduled on Jan 31, to March 6.

Decision on Isa Samad’s graft appeal deferred again to March

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week.

Most read this week

Shares of IT services firm Infomina Bhd fell on Friday to its lowest in nearly one year as its latest results disappointed investors even as analysts largely remained bullish.

Infomina shares near one-year low as earnings miss expectations

Bursa Malaysia ended the week mixed on Friday with buying in selected heavyweights and commodity-related stocks amid the negative sentiment on regional markets, said an analyst.

Bursa ends mixed amid weak regional sentiment

Nissan Motor Co said full-year operating profit came in at ¥530 billion (RM16.43 billion) — 15% lower than it forecast as recently as February as sales fell short of expectations.

Sales were 3.44 million units, less than the 3.55 million forecast given on Feb 8, the automaker said on Friday.

Nissan full-year profit misses as sales fall short of estimates

(April 19): ANZ Group Holdings Ltd is in discussions with Australian pension funds about investing in India’s infrastructure assets and its debt market, according to a senior bank official.

ANZ Bank in talks with Australian pension funds on India investments

(April 19):Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.

Distributable earnings increased 1% from a year earlier to $1.27 billion, or 98 cents a share, the world’s biggest alterna...

Blackstone credit and retail lines drive narrow profit beat 

KUALA LUMPUR (April 19): Meta Bright Group Bhd is forming a joint venture company (JVco) with a Bumiputera firm to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright forms JVco with Bumiputera firm for RE projects

(April 19): Moody’s Ratings this week gave private credit investors greater reason for concern about credit quality in the flourishing $1.7 trillion industry.

The ratings company on Monday reduced its outlook for direct lending funds managed respectively by BlackRock Inc., KKR & Co....

Private credit funds get Moody’s warning on problem loans

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.

Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

WASHINGTON (April 18): The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve.

Receding expectations for a near-term interest cut by the U.S....

IMF tells Asian central banks not to follow Fed too closely

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Shares of Sapura Energy Bhd will be suspended from trading pending an announcement, the company said on Friday.

Trading in Sapura Energy suspended pending announcement 

Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

Israel attacks Iran, Reuters reports, as drones shot down over Isfahan 

Shares of Awanbiru Technology Bhd (Awantec) fell as much as 53% on Friday, prompting Bursa Malaysia to suspend the counter’s intraday short selling (IDSS).&nbsp;

Awantec shares plunge 53%, intraday short selling suspended 

PIE Industrial Bhd, whose share price extended its rally to a new all-time high on Thursday on reports that it has secured a new customer, confirmed the matter and said it is expecting the new customer to contribute an additional RM2.5 billion revenue to the group, of which RM1 billion will be recognised as early as next year.

PIE Industrial confirms bagging new client, expects additional RM2.5 bil revenue

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

RHB upgrades Public Bank to ‘buy’, raises target price to RM4.80

The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.

 Sarawak aiming to transform itself into a centre for clean hydrogen energy

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

Apple pulls WhatsApp, Threads from China app store after Beijing order

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

Bursa Malaysia Bhd’s core net profit may have risen 34% in the first quarter, from a year earlier, on higher securities and derivatives trading activity when the exchange operator reports its results, Hong Leong Investment Bank said.

Bursa Malaysia 1Q earnings likely up 34% y-o-y, HLIB projects

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

Malaysia’s March exports down 0.8%, imports surge 12.5%

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

Inari poised to challenge RM3.27 resistance, says RHB Retail Research 

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

Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.

Kenanga sees Main-Market bound Keyfield International cashing in on OSV boom, sets target price at RM1.90

Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.

Sime Darby Property gets commitment for balance 30% of RM1b industrial development fund

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

Hafiz Yatim

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