KUALA LUMPUR (Sept 1): Datin Seri Rosmah Mansor failed on Thursday (Sept 1) in her 11th-hour bid to recuse judge Mohamed Zaini Mazlan from presiding over her graft trial pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak.

Rosmah's 11th-hour bid to recuse trial judge dismissed

A tearful Datin Seri Rosmah Mansor pleaded for compassion during mitigation of her sentencing on Thursday.

"I appeal to you to have some compassion, be human about it. I am a victim. It happened to me now; it can happen to all of you, your children," she said while addressing the court after her conviction.

'I never influenced my husband' as 'victim' Rosmah pleads for compassion

Lead prosecutor Datuk Seri Gopal Sri Ram said he was neither "happy nor unhappy" with the verdict and sentence in Datin Seri Rosmah Mansor’s graft trial pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak.

Speaking to reporters at the Kuala Lumpur Courts Complex lobby after Rosmah's judgement, he said the prosecution was merely doing its job.

Sri Ram: 'We are not happy or unhappy, we are just doing our jobs'

The High Court has dismissed the defence's request for an adjournment to prepare to argue Datin Seri Rosmah Mansor's 11th-hour application to recuse trial judge Mohamed Zaini Mazlan from presiding over her graft trial pertaining to a RM1.25 billion solar hybrid project for 369 rural schools in Sarawak.

Judge dismisses defence's bid for time to prepare for recusal hearing

THE prosecution concluded its submissions in the Federal Court last week with ad-hoc prosecutor Datuk V Sithambaram clearly laying out the case for why the conviction of former prime minister Datuk Seri Najib Razak on seven charges in relation to SRC International Sdn Bhd should stand.

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Najib's SRC Trial: Undeniable facts hamper Najib’s defence, says the prosecution

The prosecution has described the contents of former prime minister Datuk Seri Najib Razak's six affidavits in support of his application to adduce fresh evidence in the SRC International appeal at the Federal Court as hearsay.

Najib's affidavits to support bid to adduce fresh evidence contain only hearsay, says prosecution

The Malaysian Anti-Corruption Commission (MACC) officer who recorded the final statement of the late Ewein Bhd founder Datuk Ewe Swee Kheng agreed with Lim Guan Eng's defence in court that there are contradictions in the statement he recorded by hand with the businessman compared with Ewe's prior statements.

Guan Eng graft trial: MACC officer agrees there are contradictions in late Ewein founder's final statement

Former 1Malaysia Development Bhd (1MDB) chief financial officer (CFO) Azmi Tahir said he does not know why he was not charged with any offence related to the company, despite the fact that some of his subordinates such as his deputy Terence Geh Choh Heng were charged.

Ex-1MDB CFO: I do not know why I was not charged

Datin Seri Rosmah Mansor has testified that she would not need to resort to using an aide to collect a bribe in relation to a development project as her husband was the prime minister at the time.

Rosmah: Why the need to use aide to seek bribe when I have a husband who sleeps with me?

Datin Seri Rosmah Mansor was spirited in her replies to senior Deputy Public Prosecutor (DPP) Datuk Seri Gopal Sri Ram at the High Court on Thursday (Dec 23) as the prosecution tried to impeach her credibility as a witness in the solar hybrid graft trial.

Rosmah tells Sri Ram not to raise his voice at her

Mergers and acquisitions (M&A) activities fell to the lowest in a decade in 2023. According to the “Global M&A Report” published by Bain & Co, the total M&A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.

M&A activities hit a low in 2023, pickup expected this year

(April 24): Goldman Sachs Group Inc. shares rose to a record on Tuesday, eclipsing their previous closing high set more than two years ago.

The investment banking giant reported first-quarter earnings last week that included a massive profit beat, which one analyst heralded as a “near-p...

Goldman Sachs shares rise to notch first record high since 2021

(April 24): Digital payments company Block Inc., formerly known as Square, has finished the development of its Bitcoin mining chip as Chief Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he’s championed since 2021.

The three-nanome...

Jack Dorsey’s block finishes development of Bitcoin mining chip

(April 24): International Business Machines Corp. is in advanced talks to acquire software company HashiCorp Inc., according to people with knowledge of the matter.

IBM and HashiCorp could reach an agreement as soon as Wednesday, said the people, who asked not to be identified discussin...

IBM is in advanced talks to acquire software provider HashiCorp

(April 24): Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begi...

Tesla to accelerate launch of cheaper cars after sales miss

(April 24): This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.

An estimated 150 billion cubic meters of the fuel, enough to power a city the size of Hanoi for decades, was discovered 50 miles (80 kilometers) from Vietnam’s ...

Xi’s armada is winning the battle for energy in South China Sea

SEOUL (April 24): Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, said the country will continue to build overwhelming and the strongest military power to protect its sovereignty and regional peace, the North's KCNA news agency reported on Wednesday.

Kim said a seri...

North Korea leader Kim's sister: we will build overwhelming military power

(April 24): U.S. stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Tesla kicked off the earnings cycle for technology heavyweights after markets c...

Wall Street closes higher as investors digest earnings, megacap outlook

LONDON (April 24): Ruthless Arsenal threw down the gauntlet in the Premier League title race with a 5-0 thrashing of London rivals Chelsea to roar three points clear at the top of the table on Tuesday.

Any remaining doubts about Arsenal's staying power were answered emphatically as Lean...

Arsenal hammer Chelsea to move three points clear at the top

NEW YORK/LONDON (April 24): Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the U.S. megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

Treasury yields dipped after data showed U.S. business activity cooled to ...

Stocks gear up for Big Tech earnings; yen touches multi-year lows

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

Construction and engineering contractor Crest Builder Holdings Bhd said it had secured a condominium project valued at RM486 million in Mont Kiara. &nbsp;

The project, awarded by Kiaramas Development Sdn Bhd, involves the construction of three blocks of condominiums with car park podiums in Jalan Desa Kiara.&nbsp;The contract period is 42 months from May 2, according to Crest Builder in a filing with Bursa Malaysia on Tuesday.

Crest Builder bags RM486m condominium project in Mont Kiara

KUALA LUMPUR (April 23):&nbsp;The Iskandar Regional Development Authority’s (IRDA) target to achieve&nbsp;cumulative investments of RM636 billion by 2030 is among Iskandar Malaysia’s strategies to assist the country in becoming one of the top 30 global economies and the top 12 in global competitiveness.

Iskandar Malaysia’s RM636b investment target to help propel country into world's top 30 economies — PM

Comfort Gloves Bhd said there was a fire at the glove maker’s newly-built three storey warehouse and packing department in Taiping, Perak on Tuesday morning.

“The cause of the fire and the actual extent of the damage are currently still unknown, pending the completion of police investigations into the fire and issuance of their report,” the group said in a bourse filing.

Comfort Gloves reports fire at new Taiping warehouse

While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.

PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

The Malaysian Oil, Gas &amp; Energy Services Council (MOGSC) has called on oil and gas (O&amp;G) stakeholders, especially financial institutions, not to write off O&amp;G services and equipment (OGSE) players in the energy transition agenda, as they still have a role to play.

Don't forget O&G services and equipment players in energy transition agenda, says industry association

Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.

Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%

The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.

Critical point failure could’ve led to fatal Lumut chopper crash, says expert

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EVENING 5: Five things you need to know today

KUALA LUMPUR (April 23): DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.

Earnings per share rose to 1.59 sen from 1.14 sen, according to the healt...

DXN’s 4Q net profit up 43%, seeks to expand market presence in Brazil

The M503-3 Maritime Operations Helicopter (HOM) that was involved in a crash Tuesday morning was used for the first time in the flyby for the 90th Royal Malaysian Navy (TLDM) Anniversary parade.

Downed HOM chopper used for the first time in flyby, says defence minister 

Ramssol Group Bhd, a human capital management (HCM) solutions provider, reported a near doubling of its first quarter profit mainly due to certain projects with higher profit margin and the distributorship of HCM licences.

Ramssol’s 1Q profit doubles as revenue surges on higher sales in Malaysia, Thailand

Sarawak’s strategic alliances with the UK's leading industry partners in the development of compound semiconductors will drive innovation to increase the capability of microchips to power new technologies and applications, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Sarawak eyeing partnership with UK companies to boost semicon capabilities

KUALA LUMPUR (April 23): KIP Real Estate Investment Trust (KIP REIT), a trust which mainly manages retail and industrial properties, said its net property income (NPI) for the third quarter rose 10.1% from a year ago, mainly due to stronger performance from its retail properties.

KIP REIT’s 3Q net property income up 10.1%, to double AUM in three years

Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a serviced apartment project in Country Heights.

Inta Bina bags RM170m serviced apartment job in Country Heights

KOTA KINABALU (April 23): The Kibing Group has successfully exported its inaugural batch of solar glass manufactured in Sabah, totalling 672 tonnes, to Cambodia last Sunday (April 21).&nbsp;

Kibing Group exports 672 tonnes of Sabah’s first batch of solar glass to Cambodia

IPOH (April 23): The post-mortems of 10 victims of the tragedy of two helicopters colliding near the Royal Malaysian Navy (TLDM) base in Lumut, currently being carried out at the Raja Permaisuri Bainun Hospital here, are expected to be completed by Wednesday (April 24) afternoon.

Helicopter tragedy: Victims’ post-mortems expected to be completed on April 24 afternoon

Axis Real Estate Investment Trust (Axis REIT) reported a 39.5% surge in its net trust income for the first quarter ended March 31, 2024 (1QFY2024), attributable to post-development contributions from its Bukit Raja Distribution Centre 2, and new tenancies in its Shah Alam Distribution Centre 3.

Axis REIT sees 40% jump in 1Q net trust income, to distribute 2.3 sen per unit

Wall Street's main indexes rose on Tuesday as some growth and chip shares gained, while stocks like General Motors and Spotify advanced on upbeat earnings updates ahead of quarterly reports from big technology companies.

Wall Street gains on bright earnings, megacaps' support

The FTSE Bursa Malaysia KLCI’s (FBM KLCI) rise to its highest level this year at 1,567.57 points under the administration of the unity government, led by the Prime Minister Datuk Seri Anwar Ibrahim, confirms that the Malaysian economy will continue to strengthen.

Hafiz Yatim & Izzul Ikram

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