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FD says goodbye after 13 years

The Edge Financial Daily / The Edge Financial Daily
April 21, 2020 11:54 am +08

This article rst appeared in The Edge Financial Daily, on April 21, 2020.

Dear Readers,
ON April 2, 2007 a US real estate investment trust that specialised in
subprime mortgage, New Century Financial Corp, led for bankruptcy —
an event that was little noticed around the world.

A month later on May 22, The Edge Media Group, which by then had
established itself as publisher of The Edge weekly, launched The Edge
Financial Daily (FD).

Two weeks later on June 7, US investment bank Bear Stearns stopped

redemption from two of its mortgage-linked funds and this was followed
by French banking giant BNP Paribas — triggering a nancial meltdown in
the US and Europe.

We had embarked on an ambitious project just as the global nancial crisis

of 2007-2009 was breaking out!

But we survived and published continuously since — except when FD and

The Edge weekly were suspended in July, 2015 by the home ministry over
our reporting of 1Malaysia Development Bhd. We also survived our
entanglement with the then government.

Sadly, FD is unable to survive the double onslaught of the shift to digital

news and the current lockdown of the economy because of the Covid-19
pandemic.

This will, therefore, be the last issue of FD. But it will not be the last stories
our journalists will write for you.

Besides The Edge weekly, which hits the streets at the weekend, our
website www.theedgemarkets.com will update you on major market-
moving stories during weekdays. So check in every morning and
throughout the day to get the latest news from us.

Ho Kay Tat
Publisher & CEO

Azam Aris
Editor-in-Chief
 
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