The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

KUALA LUMPUR (April 18): Former Umno youth exco Wan Muhammad Azri Wan Deris, better known as Papagomo, submitted a representation to drop the charge against him for allegedly making seditious remarks linking the government to pro-Israel and pro-Western countries last year.

Papagomo submits representation to drop sedition charge

The ongoing Shariah High Court dispute, initiated by Tan Sri Jamaludin Jarjis’ widow Puan Sri Dr Kalsom Ismail for her joint matrimonial asset claim to the late former minister’s RM2.1 billion estate, will go to trial in July before a new judge.

Jamaludin Jarjis asset dispute trial gets new judge, but media barred from covering proceedings

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Malaysian Bar: Legal challenge around Zahid's DNAA not academic

KUALA LUMPUR (April 18): Malaysian civil society group Bersih, or the Coalition for Clean and Fair Elections, has slammed the deputy public prosecutor (DPP)’s office, which falls under the Attorney General’s Chambers (AGC), for not objecting to former prime minister Datuk Seri Najib Razak’s application to bar the media from covering his judicial review application, as he sought to be placed under house arrest for the duration of his jail sentence.

Bersih slams AGC for not objecting to media ban in Najib’s house arrest bid

Federal jurors in New York heard sharply contrasting arguments on whether a trader manipulated the Mango Markets cryptocurrency exchange to steal US$110 million (RM527.1 million) or executed a perfectly legal strategy that was permissible under the rules of the platform.

Crypto trader’s US$110m manipulation case now with jury

Michael Cohen, who once said he would take a bullet for Donald Trump, is now poised to serve as a star prosecution witness in the former US president's criminal trial on charges of covering up hush money paid to a porn star.

Trump's ex-fixer Michael Cohen to be key witness in hush money criminal trial

Michelin is challenging the legality of European Union (EU) antitrust raids on its facilities, as regulators swept across the tyre industry for evidence of a suspected price-fixing cartel.

Michelin challenges EU’s hunt for evidence of 'tyre cartel'

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has affirmed an affidavit that he had sighted the addendum order purportedly issued by the 16th Yang di-Pertuan Agong, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, for former prime minister Datuk Seri Najib Razak’s jail sentence to be commuted to house arrest instead.

Zahid confirms having sighted ex-Agong’s house arrest order for Najib in affidavit

Datuk Seri Najib Razak’s lead counsel Tan Sri Muhammad Shafee Abdullah is asking the government for the reasons why they were concealing the addendum order made by the 16th Yang di-Pertuan Agong, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, with regard to his client’s purported house arrest.

Shafee asks why govt concealed former Agong's addendum order

Despite having doubts on a RM1.8 billion investment that SRC International Sdn Bhd was undertaking, Datuk Shahrol Azral Ibrahim Halmi, who was then a director of SRC, told the High Court here that he signed off on it without doing due diligence because then prime minister Datuk Seri Najib Razak had given his nod.

Shahrol: I signed off on RM1.8b SRC investment without due diligence because Najib already approved the deal

The High Court here on Wednesday has allowed Datuk Seri Najib Razak's application to bar the media from covering his judicial review leave application where he sought to be placed under house arrest for the duration of his jail sentence.

Court bars media from covering Najib's house arrest challenge at Shafee's request

KUALA LUMPUR (April 16): Comfort Gloves Bhd said two subsidiaries of the group have commenced legal action over an additional tax demand totalling RM99.3 million by the Inland Revenue Board (IRB).

Comfort Gloves’ units go to court over RM99 mil additional tax demand

The High Court on Tuesday set a three-day trial in January 2026 for the defamation suit filed by former culture, arts, and tourism minister Tan Sri Abdul Kadir Sheikh Fadzir against businessman Datuk Seri Aliff Syukri Kamaruzaman over defamatory statements involving tens of millions of ringgit in investment debts.

Ex-minister's defamation suit against businessman to be heard in January 2026

US Bancorp reduced the outlook for a key driver of its profit for the year as lenders face pressure to pay more for deposits.

The Minneapolis-based bank said on Wednesday that it now expects net interest income (NII) of US$16.1 billion (RM77.01 billion) to US$16.4 billion this year after previously guiding for NII to total US$16.6 billion or more this year. The trend of customers shifting funds to interest-bearing accounts from those that don’t pay interest hasn’t slowed as quickly as expected, with rates staying elevated, executives said on a conference call with analysts.

US Bancorp shares fall as lending-income guidance trimmed

Scam calls received by Malaysian users have more than doubled in 2023 compared to 2022, according to TrustTech service provider Gogolook.

In a statement on Thursday, Gogolook said its digital anti-fraud tool Whoscall had identified 1.63 million scam calls received by Malaysian users in 2023, representing an increase of 100.92% from over 812,000 calls in 2022.

Scam calls received by Malaysians doubled in 2023 — Whoscall report

KUALA LUMPUR (April 18): IT services firm Systech Bhd said on Thursday that shareholders have approved several proposals, including an acquisition and bonus shares issue.

Systech gets shareholders’ nod for acquisition, bonus shares issue

With the Paris Olympic Games 100 days away, police carried out a large-scale eviction at France's biggest squat in the south of the country's capital. Authorities, including dozens of gendarmes, cleared out the makeshift camp at an abandoned bus company headquarters in Vitry-sur-Seine on Wednesday, said AP.

French police evict hundreds from abandoned Paris warehouse ahead of Olympics — report

JAKARTA (April 18): China and Indonesia have pledged to strengthen economic ties and maintain peace and stability in the region, China's Foreign Minister Wang Yi said on Thursday, after a meeting with his Indonesian counterpart, Retno Marsudi, in Jakarta.

China foreign minister says Beijing and Jakarta want regional peace and stability

When workers are hit by more than one lay-off in a short span, it can leave them questioning not only their career choices, but themselves. 

About a month into his new job as a marketing coordinator this year, Nygel Jones mulled writing a celebratory post on LinkedIn. Having been laid off twice in the past three years, though, he hesitated, fearing he might jinx the new gig. Jones eventually sent the post, which said that “after a year of uncertainty, it’s nice to have a moment of relief”.

Lay-off whiplash scars workers who find new jobs only to lose them

Malaysia needs to restructure the whole ecosystem of technical and vocational education and training (TVET) programmes, so that it can effectively meet the industry’s requirements, said Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai.

Revamp needed for TVET ecosystem to reduce mismatch, says FMM president

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates June 25

(April 17): The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.

US plans to restore tariffs on dominant solar technology, sources say

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in Middle East — Maybank IB

Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.

PIE Industrial extends rally to new all-time high as Kenanga flags new client

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Google fires workers protesting US$1.2b Israeli contract

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

Analysts remain sanguine on IGB REIT’s prospects going forward

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.

Asian stocks mixed as soaring dollar pauses

Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.

Google lays off employees, shifts some roles abroad amid cost cuts

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Court

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