PUTRAJAYA (March 26): A merger between JF Apex Securities Bhd — a unit of locally listed Apex Equity Holdings Bhd — and Mercury Securities Sdn Bhd was lawful and had not oppressed the rights of minority shareholders, the Federal Court ruled on Tuesday, denying a challenge by Concrete Parade Sdn Bhd, a minority shareholder of Apex Equity.

Federal Court overturns COA decision and allows Apex Equity’s appeal, rules there was no minority shareholder oppression

A former director and CEO of SRC International Sdn Bhd told the High Court on Monday that he was not aware of SRC International Sdn Bhd’s tie-up with Ihsan Perdana Sdn Bhd (IPSB) in Sept 2014, and only became aware of it in April 2015.

Datuk Mohammed Azhar Osman Khairuddin said he was only aware of the SRC-IHP tie-up after the Malaysian Anti-Corruption Commission (MACC) interviewed him.

SRC former director says not aware of SRC-IPSB tie-up until MACC probe

A former SRC International Sdn Bhd director and chief executive officer on Monday denied ex-prime minister Datuk Seri Najib Razak’s allegation that former directors of the company, including himself, had breached their statutory duties as directors for the purported losses of US$1.18 billion the company is seeking.

Former SRC director denies Najib’s allegation of breach of statutory and fiduciary duties

The High Court (commercial division) earlier this month partially dismissed Kenanga Investors Bhd's suit against Impiana Sdn Bhd and its majority shareholder Datuk Seri Ismail @ Farouk Abdullah for their failure to abide by the Options Agreement 3, which entailed a call option to acquire back Impiana Hotels Bhd (IHB) shares.

High Court partially dismisses Kenanga Investors' claim against Impiana

The Federal Court on Wednesday dismissed an application brought by an individual to reinstate his suit for misfeasance in public office and negligence against the prime minister and the government. The suit was for the government’s action of withdrawing a review of the International Court of Justice’s decision (ICJ) on Pulau Batu Puteh.

Apex court dismisses individual’s challenge over govt's withdrawal of review of ICJ's decision on Pulau Batu Puteh

KUALA LUMPUR (March 18): The High Court here on Monday directed five former directors of SRC International Sdn Bhd to file their defence and other pleadings, in a bid by former prime minister Datuk Seri Najib Razak to make them third parties in a US$1.18 billion civil suit filed by SRC International against the former prime minister.

Five former SRC directors told to file defence in third-party proceedings brought by Najib

The Malaysian Bar, in its annual general meeting on Saturday, agreed to challenge the Pardons Board's decision to reduce the graft sentence handed down to former prime minister Datuk Seri Najib Razak over his conviction in the SRC International Sdn Bhd graft case.

Malaysian Bar to challenge Pardons Board's reduction of Najib's sentence

A former director of Consortium Zenith Construction Sdn Bhd (CZCSB) admitted he had changed an earlier statement that he gave to the Malaysian Anti-Corruption Commission (MACC) after over a year. That statement is regarding allegedly paying RM2 million to former Penang chief minister Lim Guan Eng.

Key witness in undersea tunnel trial admits to changing his statement to MACC after over a year

Two Court of Appeal (COA) judges are expected to rise to the Federal Court level next Monday (March 18) to fill vacant posts.

This follows the retirement of Chief Judge of Malaya Tan Sri Mohamad Zabidin Md Diah earlier this year, and another vacancy at the Federal Court.

Two COA judges to be elevated to Federal Court next Monday, says source

The Court of Appeal has upheld the High Court’s conviction and sentence on pathologist Col (Rtd) Dr R Kunasegaran and five others for the murder of deputy public prosecutor (DPP) Datuk Kevin Morais nine years ago.

Appellate court upholds conviction, sentence against six over Kevin Morais’ murder

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The Nasdaq and the S&P 500 closed sharply lower on Friday and Treasury yields dipped as investors juggled lacklustre earnings, uncertainties surrounding central bank policy and geopolitical strife.

Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents

Oil settled slightly higher on Friday, but posted a weekly decline, after Iran played down a reported Israeli attack on its soil, a sign that an escalation of hostilities in the Middle East might be avoided.

Oil settles slightly higher as Iran plays down reported Israeli attack

KUALA LUMPUR (April 19): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement. The suspension took effect from 2.30pm onwa...

Sapura Energy, PIE Industrial, LSH Capital, YX, Westports, Yinson, Sime Darby Property, MISC, Meta Bright, EG Industries, Hextar, Uzma, Nova MSC and Iconic Worldwide

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that are valued more than S$20,000 or its equivalent in a foreign currency, must submit the necessary declarations electronically with effect from May 13.

Travellers to and from Singapore carrying over S$20,000 must submit online declaration from May 13

Prime Minister Datuk Seri Anwar Ibrahim arrived in Kota Kinabalu on Friday night for a one-day working visit to the state.

Anwar's plane landed at Terminal Two, Kota Kinabalu International Airport at 11.40pm, where he was greeted by Chief Minister Datuk Seri Hajiji Noor.

Anwar arrives in Kota Kinabalu for one-day visit

KUALA LUMPUR (April 19): Ten individuals suspected of being involved in the case related to an&nbsp;Israeli man who was charged with possessing bullets and trafficking&nbsp;guns, were rearrested under the Security Offences (Special Measures) Act 2012 (Sosma).

Israeli man’s case: 10 individuals rearrested under Sosma

The Nasdaq and the S&amp;P 500 ended lower on Friday as Netflix shares weighed, but American Express (AmEx) kept the Dow afloat after quarterly earnings from both companies, while growing pessimism that the Federal Reserve (Fed) would cut interest rates soon also dented sentiment.

Nasdaq, S&P tumble as Netflix, chip stocks drag; AmEx boosts Dow

Israel's apparent strike on Iran after days of vacillation was small and appeared calibrated to dial back risks of a major war, even if the sheer fact it happened at all shattered a taboo of direct attacks that Tehran broke days earlier.

Prime Minister Benjamin Netanyahu's war cabinet had initially approved plans for a strike on Monday night inside Iranian territory to respond forcefully to last Saturday's missile and drones from Iran, but held back at the last-minute, three sources with knowledge of the situation said.

Israel's Iran attack carefully calibrated after internal splits, US pressure

CIMB Thai Bank PCL’s net profit for the first quarter ended March 31, 2024 (1QFY2024) dropped 24.6% year-on-year to 626.1 million baht from 830.1 million baht, as it reported lower operating income and higher expenses. &nbsp;

The group recorded an 8.4% drop in operating income and an 11.8% increase in operating expenses. The effects of these were partially offset by a 36.9% decline in expected credit loss, according to CIMB Thai president and chief executive officer Paul Wong Chee Kin in a statement. CIMB Group Holdings Bhd has a 94.83% interest in CIMB Thai.

CIMB Thai's 1Q earnings drop 24.6% as operating income falls while opex climbs

Fitters Diversified Bhd has landed a subcontract worth RM26.1 million from a unit of IJM Corp Bhd for fire protection services at the compound of a four-storey logistics hub, including its parking and ancillary buildings, in Shah Alam, Selangor.

Fitters Diversified bags RM26.1 mil fire protection services job

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

Parties in the Unity Government have their methods to ensure a win in the Kuala Kubu Baharu by-election next month, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Ahmad Zahid, who is also Barisan Nasional (BN) chairman, said this was discussed at the Unity Government secretariat meeting on Wednesday.

Unity Govt parties have ways to ensure victory in Kuala Kubu Baharu polls — Ahmad Zahid

The Bank of Japan (BOJ) must tread cautiously in raising interest rates, as some indicators of inflation expectations remain short of its 2% target, the International Monetary Fund's Japan mission chief Nada Choueiri said on Friday.

IMF urges Bank of Japan to tread cautiously in raising interest rates

(April 19):&nbsp;Oyo Hotels is in talks to raise up to US$450 million via dollar bonds, a person familiar with the matter said, as the once-high-flying Indian startup seeks to replace an existing high-cost loan amid delays in its stock-market debut.

Softbank-backed Oyo eyes US$450 mil bond sale for refinancing

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

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