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News by THEEDGEMARKETS.COM

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BNM affordable home fund has helped 1,100 buyers to date

24 October, 2019

Qaiser said that to date, less than a tenth of the fund has been used to partially subsidise borrowers under the scheme.

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news

1MDB-Tanore trial: Defence seeks MACC documents from whistle-blower Justo

24 October, 2019

Justo provided emails and documents to The Edge and Sarawak Report sometime in February 2015, which helped in the 1MDB exposés that year.

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news

Will charges stick to Najib? It’s 'like tossing a coin,' says defence counsel

24 October, 2019

“There could be some charges dropped ... I can’t imagine which charge (where the High Court) can call (Najib) for defence, because all the charges were poorly (executed),” said Shafee.

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news

SRC trial: Defence challenges admissibility of 70 out of 780 exhibits

24 October, 2019

The defence's argument is basically the authenticity of the documents is being questioned, and the court should not admit them.

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news

Gadang 1Q net profit slips 10% on lower property sales

24 October, 2019

This was despite a 14% rise in revenue to RM147.60 million from RM129.15 million, as it recognised higher work progress at its ongoing construction projects.

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news

Special committee to have public consultations on IPCMC

24 October, 2019

Committee chairman Ramkarpal Singh (PH-Bukit Gelugor) said the first session will be held this Saturday (Oct 26) from 10am to 1pm at the old Sarawak State Assembly building in Petra Jaya, Kuching.

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news

IGB REIT distributable income up 1.3%, declares 2.31 sen distribution

24 October, 2019

The trust, which owns Mid Valley Megamall and Gardens Mall, declared 2.31 sen of income distribution per unit. 

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1MDB-Tanore Trial Day 25: More on 1MDB’s fund diversion to Good Star

24 October, 2019

This follows a two-day break, during which Najib attended the SRC trial where the defence and prosecution made their oral submissions on the seven criminal charges over the embezzlement of RM42 million from 1MDB’s former unit SRC International Sdn Bhd.

 

 

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news

Money laundering charges must fall as CBT charges has not been proven, says defence

23 October, 2019

Lead defence counsel Tan Sri Muhammad Shafee Abdullah argued that while a person can be charged under Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLATFA) without being charged for the predicate offence, that does not mean the prosecution is excused from proving the predicate offence.

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Shafee: Najib didn't file police report on RM42m deposit to avoid interfering with probe

23 October, 2019

This was also why Najib did not issue any statement to the public when he found out about the issue, counsel Tan Sri Muhammad Shafee Abdullah told a press conference after submitting in court at the close of the prosecution case in the SRC trial.

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