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News by THEEDGEMARKETS.COM

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Najib surprised by MACC's revelation being so close to Kimanis by-election

08 January, 2020

"This (MACC's revelation) has never been done before in the history of our country and the timing seems to coincide with the Kimanis by-election. I will discuss this with my lawyer for now," said Najib.

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news

Malaysia Airlines to avoid Iranian airspace over safety concerns following missile attack

08 January, 2020

Malaysia Airlines clarified that it does not fly over the airspace of Iraq on its flights to and from London, Jeddah and Medina. The airline added that it will be avoiding the Iranian airspace due to recent events and stressed that safety is of utmost importance.

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Latheefa: Phone recordings show abuse of power, fabrication of false evidence

08 January, 2020

"We are quite satisfied that the recordings were authentic."

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news

Judge doesn't want any more postponements as he fixes more dates for 1MDB-Tanore trial

08 January, 2020

Justice Sequerah fixed Feb 18 and 21, March 2-6, 9-13, 19-20, 23-27, 30-31, the whole month of April, May 4, and the whole month of June until October, including Fridays until 12:30pm, with the exception of weekends and public holidays for the 1MDB-Tanore trial.

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Najib admitted to benefitting from money allegedly deposited by Jho Low into his account

08 January, 2020

Jho Low had purportedly transferred some RM80 million to RM90 million into the former premier's accounts, according to appointed prosecutor Datuk V Sithambaram, who was cross-examining Najib this morning during the SRC International Sdn Bhd trial.

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Who dares to forge the PM’s signature?

08 January, 2020

He contended that his signatures could have been forged on documents that included SRC’s minutes of meetings and directors’ circular resolutions.

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GFM Services seeks to raise RM19.75m via private placement

08 January, 2020

In a filing with Bursa Malaysia, the engineering and management and consultancy firm said the placement would enable it to subscribe Highbase Strategic Sdn Bhd (HSSB)’s redeemable convertible preference shares (RCPS).

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news

Taliworks clarifies Selangor water receivables was sold at RM660m

08 January, 2020

Taliworks added that RM626.1 million of the total sale consideration has been paid by Starbright to its wholly-owned unit Sungai Harmoni Sdn Bhd, from the proceeds of the asset-backed medium term notes the SPV had previously issued to purchase the receivables.

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SRC trial: Jho Low, Nik Faisal, Azlin tasked to manage Najib's accounts

07 January, 2020

Najib said this today at the High Court here during the SRC International Sdn Bhd trial before High Court Judge Mohd Nazlan Mohd Ghazali. Najib is facing seven charges involving the misappropriation of RM42 million from 1Malaysia Development Bhd's former subsidiary SRC.

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news

Court to hear application by Samy Vellu's companion to intervene on Feb 18

07 January, 2020

Meeriam Rosaline Edward is the companion of 82-year-old Samy Vellu, who is former MIC president.

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