The suit filed by 1Malaysia Development Bhd (1MDB) against a landowner to recover over RM6 million in relation to 94.7ha in Air Itam, Penang, has been moved to the Penang High Court.

Lawyer Theomus Foo Chee Wai, who appeared on behalf of the landowner — Tan Jiak Chye, told reporters that the High Court here allowed his client's application to transfer the case to Penang High Court today.

1MDB suit against Air Itam landowner to recover RM6m to be heard at Penang High Court

AFTER five years and multiple suits, the Genting family feud is finally set to end amicably.

Court documents sighted by The Edge confirm that the two key warring factions involved in the family dispute have agreed to a global settlement of all claims and counterclaims against each other...

Newsbreak: Global settlement ends Genting family feud  

The "official receipt" allegedly received by a developer after making a RM2 million "political donation" to former Federal Territories minister Datuk Seri Tengku Adnan Tengku Mansor was not found in Umno's official receipt book, the High Court was told today.

Tengku Adnan trial: No record of RM2m donation in Umno official receipt book — MACC officer

Former Attorney-General (AG) Tan Sri Mohamed Apandi Ali had earlier this month filed a defamation suit against DAP veteran Lim Kit Siang, seeking RM10 million over an article which allegedly accused him of aiding and abetting in the 1Malaysia Development Bhd scandal.

Former AG Apandi Ali files RM10m defamation suit against Lim Kit Siang

Accounting irregularities found but firm not taking action against the then CEO, CFO

Transmile drops civil suit against top executives

Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor would advance anywhere from RM100,000 to RM300,000 monthly to Umno, his former senior private secretary told the High Court today.

Datuk Mohd Rahimi Rejab, 46, testified that Tengku Adnan had on many occasions used his own money to advance funds for the party’s expenses, including the Sungai Besar, Selangor and Kuala Kangsar, Perak by-elections held in June 2016.

Ku Nan sometimes loaned over RM300,000 a month to Umno — former private secretary

KUALA LUMPUR: Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor would advance anywhere from RM100,000 to RM300,000 monthly to Umno, his former senior private secretary told the High Court yesterday.

Datuk Mohd Rahimi Rejab, 46, testified that Tengku Adnan, on man...

‘Ku Nan sometimes loaned over RM300,000 a month to Umno’

KUALA LUMPUR: The defamation suit filed by Deputy Defence Minister Liew Chin Tong over two articles in relation to the communist uniform issue against Jaringan Melayu Malaysia (JMM) president Datuk Azwanddin Hamzah may be settled out of court.

The case was called up for case management ...

Liew’s defamation suit against Azwanddin may be settled out of court

KUALA LUMPUR: A claim filed by the government seeking RM1.69 billion in additional taxes from former premier Datuk Seri Najib Razak for 2011 to 2017, has been set for further case management on July 25, while waiting for Najib to file his memorandum of appearance (MoA) in the High Court.

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Ball in Najib’s court in IRB’s tax suit; case management set for July 25

A claim filed by the government to seek RM1.69 billion in additional taxes from former premier Datuk Seri Najib Razak for the years 2011 to 2017 has been set for further case management on July 25, while waiting for Najib to file his Memorandum of Appearance (MoA) in the High Court.

Ball in Najib's court in IRB's RM1.69b tax suit, case management set for July 25

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

'Crowded' megacap trade in US stocks awaits earnings test

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Tesla's Elon Musk postpones India trip, aims to visit this year

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

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

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 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

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

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.

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.

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

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

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.

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

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.

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

Paw Ai Chin

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