Tong Kooi Ong

In other news this week: Oracle plans to invest US$6.5 billion building a cloud services centre in Malaysia.

Chairman and owner Tan Sri Tong Kooi Ong said he started the publication with one mission in mind: to provide credible news that empowers readers to make informed business and investment decisions.

The Malaysian Portfolio fell 2.2% last week, amid weaker broader market sentiment. All the stocks in our portfolio ended lower.

The court also ordered British author Michael Backman to pay costs of RM100,000 and upheld a prohibitory injunction.

Court documents revealed that Backman had been served with the sealed copies of the writ.

"I owe my early business success to him more than to anyone else. For this, I am eternally grateful."

This is shaping up to be one of the worst Januaries for the Global Portfolio in recent years.

Shares in Avarga closed 1.5 cents lower or 4.8% down at 29.5 cents on May 7.

As at 12.32pm, shares in Avarga are trading 4.5 cents lower or 12.3% down at 32 cents.

SINGAPORE (Jan 31): The Edge Media Group chairman Tong Kooi Ong has gifted whistle-blower Xavier Andre Justo RM8.2 million (US$2 million) for his help in exposing wrongdoings at 1Malaysia Development Bhd (1MDB).