PUTRAJAYA, Aug 16 — Datuk Seri Najib Razak's new legal team today requested the Federal Court to postpone hearing his final appeal against his conviction of misappropriating funds from SRC International Sdn Bhd that would send the former prime minister straight to jail for 12 years and pay a RM210 million fine if upheld. His lead counsel Hisyam Teh Poh Teik asked the five-judge panel led by Chief Justice Tun Tengku Maimun Tuan Mat to delay the hearing by another 'three to four months', arguing that it is not long in comparison to the time frame it took for the case to be heard today, following the Court of Appeal decision last year.

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KUALA LUMPUR (Aug 16): Sultan of Perak, Sultan Nazrin Muizzuddin Shah, has mooted the idea of creating an Asean institution of Islamic finance to facilitate inward foreign investment to finance infrastructure and similar projects in the region. Speaking at the opening ceremony of the 17th Kuala Lumpur Islamic Finance Forum (KLIFF) on Tuesday (Aug 16), His Highness said that such creation would help stimulate trade and boost employment, which is necessary, given large populations of many Asean nations.

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LONDON: The cost of living crisis is forcing people to turn to charities for sanitary products, the latest sign of how households are being squeezed by the economic slowdown. With inflation at levels last seen in the 1980s, charity Bloody Good Period distributed 150% more packs of period products in May and June than a year earlier. Sales of some of supermarket giant Tesco Plc's own-brand sanitary products have soared more than 100% since the summer of 2021 as consumers choose cheaper products to save money.

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Malaysia Airlines to acquire 20 A330neos for widebody fleet renewal KUALA LUMPUR (Aug 15): Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, has selected the Airbus A330neo aircraft as part of the flag carrier's medium-haul fleet renewal programme.Powered by the latest Rolls-Royce Trent 7000 engines, the 20 A330neo planes will join the carrier's fleet of six long range A350-900s and gradually replace its 21 A330ceo aircraft, MAG said in a statement.Malaysia Airlines will operate the A330neo aircraft on its network covering Asia, the Pacific and the Middle East, said MAG, adding that the carrier will configure the A330neo fleet with a premium layout seating 300 passengers in two classes.

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Noor Amy and Paramjit. Noor Amy brings close to 24 years of corporate and SME experience across diverse industries in Malaysia and internationally, while Paramjit has extensive experience spanning over 13 years in regional corporate investment banking, structured finance and private equity. KUALA LUMPUR (Aug 16): Malaysia Venture Capital Management Bhd (MAVCAP) has appointed Noor Amy Ismail as its chief operating officer (COO) and Paramjit Singh Gill as its chief investment officer (CIO), effective Aug 1.

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A sinkhole in Chile has doubled in size, growing large enough to engulf France's Arc de Triomphe and prompting officials to order work to stop at a nearby copper mine. The sinkhole, which emerged on July 30, now stretches 50 meters (160 feet) across and goes down 200 meters (656 feet). Seattle's Space Needle would also comfortably fit in the black pit, as would six Christ the Redeemer statues from Brazil stacked head-to-head, giant arms outstretched. The National Service of Geology and Mining said late on Saturday it is still investigating the gaping hole near the Alcaparrosa mine operated by Canadian company Lundin Mining, about 665 km (413 miles) north of Santiago.

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BANGKOK : The Cabinet on Tuesday (Aug 16) approved an executive decree that would enable the Finance Ministry to guarantee a loan of 150 billion baht to be borrowed by the Oil Fuel Fund. The executive decree was proposed by Energy Minister Supattanapong Punmeechaow, a source from the Cabinet meeting said. The decree enables the Finance Ministry to guarantee a loan for the Oil Fuel Fund with a ceiling of 150 billion baht. The decree states that the Office of the Oil Fuel Fund will be the agency to seek the loan.

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KUALA LUMPUR, Aug 11 — The High Court here today fixed August 30 to decide on Datin Seri Rosmah Mansor's fresh bid to disqualify Datuk Seri Gopal Sri Ram as senior deputy public prosecutor in the RM1.25 billion solar hybrid project case. Judge Datuk Ahmad Kamal Md Shahid set the date after hearing submissions by Rosmah's lawyers, Datuk Akberdin Abdul Kader and Datuk Jagjit Singh, as well as by senior federal counsel Shamsul Bolhassan and Sri Ram, who is representing himself. The judge said he will deliver the decision via email on August 30.

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Food insecurity is the state of insufficient good quality food for people. The typical understanding of food insecurity refers to food scarcity and deprivation due to poverty, climate problems and environmental calamities, or pandemics. Crises about food insecurity have increased during the Covid-19 pandemic. Many people did not have enough food in part due to movement restrictions. The United Nations World Food Programme Report in 2020 said 265 million people faced acute food insecurity as their accessibility to food was restricted during the pandemic.

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- The head of the International Atomic Energy Agency raised grave concern about shelling at a nuclear power plant in Ukraine, as its military said Russian forces had attacked dozens of front-line towns. Since Russia invaded Ukraine on Feb. 24 in what President Vladimir Putin termed a "special military operation", the conflict has settled into a war of attrition fought largely in Ukraine's east and south. But the fighting over the Zaporizhzhia nuclear plant in the south, captured by Russian forces in the opening stage of the war but still run by Ukrainian technicians, has raised the prospect of a wider disaster.

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Any mission undertaken by the U.N.'s nuclear agency to inspect Ukraine's Zaporizhzhia plant cannot pass through the capital Kyiv as it is too dangerous, a senior Russian diplomat was quoted by Russian news agencies as saying on Tuesday. "Imagine what it means to pass through Kyiv -- it means they get to the nuclear plant through the front line," RIA news agency quoted Igor Vishnevetsky, deputy head of the foreign ministry's nuclear proliferation and arms control department as telling journalists.

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

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KUALA LUMPUR (Aug 15): Analysts have raised their earnings forecasts for Heineken Malaysia Bhd, after the brewing company's latest results for the first half ended June 30, 2022 (1HFY22) came in above their expectations.Hong Leong Investment Bank (HLIB) Research said in a note on Monday (Aug 15) that Heineken's 1HFY22 core net profit of RM199.5 million was above the research house's and the market consensus' forecasts of 58% and 63% respectively.Heineken Malaysia's net profit doubled to RM199.5 million in 1HFY22, compared with RM98.

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Genetec set to propel towards 5-month high, says RHB Retail Research KUALA LUMPUR (August 15): RHB Retail Research said Genetec Technology Bhd is set to propel towards the 5-month high after it underwent a breakout above the RM2.50 resistance-turned-support last Friday – forming a 'higher high' bullish pattern. In a trading stocks note today, the research house said that coupled with the 'White Marubozu' bullish candlestick printed during the latest session, the stock is ready to propel towards RM2.

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Top Glove's Lim Wee Chai buys 2.8 million shares as share price dips below 90 sen KUALA LUMPUR (Aug 15): Top Glove Corp Bhd Executive Chairman Tan Sri Dr Lim Wee Chai has bought two blocks of 2.8 million shares in the rubber glove company for RM2.31 million. According to its filing with Bursa Malaysia on Monday (Aug 15), Lim acquired 1.3 million shares last Friday (Aug 12) for 85.592 sen per share, and another 1.5 million shares on Monday for 79.5 sen per share. This increased his direct stake to 27.

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SEOUL - Torrential rains that have slammed South Korea's capital, Seoul, diminished on Wednesday after killing at least nine people and damaging about 2,800 homes and other buildings. More rain was forecast for Wednesday, but less than the heavy downpours on Monday and Tuesday that submerged some streets and buildings, trapping people in flooded apartments and stranding cars. At least five people had been killed in Seoul as of early Wednesday, as well as three in the neighbouring Gyeonggi Province and one in Gangwon Province, according to the Central Disaster and Safety Countermeasures Headquarters.

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China's Internet giants from Tencent Holdings Ltd to ByteDance Ltd have shared details of their prized algorithms with Beijing for the first time, an unprecedented move aimed at curbing data abuse that may end up compromising closely guarded corporate secrets. The Internet watchdog on Aug 12 published a list describing 30 algorithms that firms including Alibaba Group Holding Ltd and Meituan employ to gather data on users, tailor personal recommendations and serve up content. While the public list stopped short of revealing the actual code, it wasn't clear the extent to which Internet firms may have revealed their underlying software to regulators in private.

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YANGON, Aug 13 : Myanmar will hold its seventh tourism exhibition in its commercial city of Yangon in September, in an effort to revitalise its pandemic-hit tourism industry. The travel fair is aimed at stimulating the tourism industry as visas are being reissued in other countries, Naung Naung Han, chair of Myanmar Tourism Entrepreneurs Association (MTEA), told Xinhua on Friday. "After 2019 tourism exhibition, any event hasn't been organized because of Covid-19. Now in 2022, vaccination rate in the country is getting higher," said the MTEA chair, giving the reason of reorganizing the exhibition.

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The airline industry may still be struggling to regain its pre-pandemic lustre. It may not matter that much for shareholders of Cathay Pacific Airways, who are enjoying a 'full recovery' as far as the stock market is concerned. The carrier's stock has steadily climbed 34 per cent this year in Hong Kong to HK$8.52, the highest level since March 2020, recouping about HK$24.5 billion (US$3.1 billion) of market capitalisation it lost since the initial Covid-19 outbreak in Wuhan. Analysts now see another 12 per cent upside over the next year.

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NANCHANG: 'I want to bring high-speed railways, express delivery, lunar exploration projects, the BeiDou Navigation Satellite System, and 5G technology back to my hometown. The Belt and Road Initiative (BRI) connects you and me.'These are the lyrics of a song performed by a band of foreign students from Nanchang Hangkong University, east China's Jiangxi province. The band currently has four main members, all are foreign students from countries and regions along the Belt and Road. They are keyboardist Mnyaga Daniel Rukiko from Tanzania, bassist Abel Jacob Chulu from Zambia, drummer Isaiah Nyasha Chikomo and singer Audrey Tanaka Murungweni from Zimbabwe.

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BANGKOK, Aug 14, 2022 : Authorities in Bangkok have detained a controversial Chinese businessman who is the subject of an international arrest warrant for allegedly running an illegal online casino, Thai police said on Saturday evening (Aug 13). She Zhijiang, 40, has been on the run from Chinese authorities since 2012, according to Chinese media. He has had controversial mega projects and gaming ventures in Cambodia and at Shwe Kokko in Myanmar's Kayin state, as well as a lottery venture in the Philippines, multiple media reports say.

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SAN FRANCISCO: Twitter denied in a court filing that it had deprived its would-be acquirer, billionaire and Tesla CEO Elon Musk, of necessary information or misrepresented details about its business. Musk originally made those charges to justify his attempt to back out of a $44 billion deal to buy the social platform, which he later claimed was infested with much larger numbers of "spam bots" and fake accounts than Twitter had disclosed. That fate of that acquisition, which Musk agreed to without taking the time to examine the details of Twitter's business, now rests with a Delaware court where Twitter sued to force Musk to complete the deal.

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COPENHAGEN - Denmark will send military instructors to Britain to train Ukrainian soldiers and also aims to train Ukrainian officers in Denmark, the Danish defence minister said in an interview with the Jyllands-Posten newspaper published on Wednesday. The interview precedes a conference in Copenhagen on Thursday when British, Danish and Ukrainian defence ministers are expected to discuss long-term support for Ukraine, including military training, mine clearance and weapon supplies. "Within a short time, Denmark is sending 130 military instructors to a British training project," Defence Minister Morten Bodskov told Jyllands-Posten.

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SINGAPORE, Aug 14 : Singapore home sales rebounded last month to the second-highest level this year, as buyers brushed aside interest-rate and global slowdown concerns. Purchases of new private apartments grew to 834 in July, Urban Redevelopment Authority figures showed Monday. It's a 71% jump from the 488 units sold in June. The city-state's property sector has been bolstered by an influx of wealth, especially from China. Its low taxes, relative safety and an expedited pathway to permanent residency for the super-rich have bolstered Singapore's status as a financial center.

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PETALING JAYA: Malaysia recorded 3,045 new Covid-19 cases on Sunday (Aug 16), bringing the total number of infections in the country to 4,735,547 since the pandemic began. The Health Ministry's CovidNow portal also reported that 4,226 patients recovered from Covid-19 on Sunday, the third day in a row where recoveries outpaced new infections. Since the pandemic began, 4,656,031 individuals have recovered from Covid-19 infections in the country, the portal added. A total of 3,040 of Sunday's new Covid-19 cases were local transmissions while there were five imported infections.

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PETALING JAYA: The Attorney General's Chambers (AGC) will make a decision soon on the recommendations of the Malaysian Anti-Corruption Commission (MACC) regarding the procurement of the littoral combat ships (LCS). If the AGC allows the proposed recommendation of MACC, it will lead to the prosecution and trial of those involved in the fiasco. Utusan Malaysia quoted Attorney General Tan Sri Idrus Harun as saying that he hasn't made any decision on the recommendation but will come forward with a decision soon.

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KUALA LUMPUR: To enliven this year's National Day and Malaysia Day celebrations, iconic landmarks, including bridges, at the Federal Government's administrative centre in Putrajaya will be lit up in the colours of the Jalur Gemilang until Sept 16. Putrajaya Corporation's (PPj) Corporate Communications director Norzita Abdul Razak said in a statement that the "Pencahayaan Malam PPj' programme which began on Aug 1 is to brighten up the festive mood of both celebrations. She said the decorative lighting at government and commercial buildings will be from 7pm to midnight daily including weekends and public holidays.

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KUALA LUMPUR: As part of the efforts to enhance defence cooperation between both countries, Malaysia and Indonesia on Tuesday signed a memorandum of understanding (MoU), which outlines five main goals.  Senior Defence Minister Datuk Seri Hishammuddin Hussein and his Indonesian counterpart Prabowo Subianto, after the signing, described the MoU as a "breath of fresh air" for the defence cooperation between the neighbouring countries. Hishammuddin, in a statement, said the MoU would enable the defence cooperation between the two countries to be expanded.

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JAKARTA, Aug. 10 -- Indonesia's Investment Minister Bahlil Lahadalia said Wednesday that China's Taiwan region's tech giant Hon Hai Precision Industry, widely known as Foxconn, had signed a deal with the government and a domestic private company to establish an electric vehicles (EV) industry in the country. "Regarding the investment process, we (Indonesia and Foxconn) are currently doing a feasibility study. We plan to start the ground breaking by the end of this year," Lahadalia said in a virtual talkshow, adding that the MoU for the investment was signed last month.

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ROME - Italy's far-right leader Giorgia Meloni said it would be a "great honour" if she were the first woman to lead the country, with her Brothers of Italy party topping the polls ahead of an election next month. The conservative alliance led by Brothers of Italy includes the rightist League and the more moderate Forza Italia party of former prime minister Silvio Berlusconi. It is currently polling at around 45%. [nL8N2ZG2SU[ The allies have agreed to follow their customary rule that the party with the most votes in the coalition will choose the prime minister if they win the Sept.

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