The government's suspension of financial newspapers The Edge Financial Daily and The Edge Weekly for three months from July 27 stays.

This follows the High Court in Kuala Lumpur today refusing to grant a permanent stay until the outcome of their judicial review.

Justice Asmabi Mohamad accepted the reasons given by senior federal counsel Alice Loke.

‎The judge ruled there is no irreparable harm in the court not granting a stay as the papers will be ably compensated if the judicial review is later allowed.

She also decided the newspapers would not suffer any credibility issues if its application was disallowed.

“There is no special circumstances by the court to issue a stay. Hence the application for stay is dismissed and costs of this application is within costs,” Justice Asmabi ruled.

The court has fixed Sept 7 to hear the judicial review application The Edge Communications Sdn Bhd has named the Home Minister and the ministry's secretary-general as respondents.

Today's decision was made in chambers.

Counsel Darryl Goon said he will wait for his client's instructions on whether to appeal today's decision.

On Aug 5, Justice Asmabi granted leave to The Edg to initiate the judicial review. However, the judge did not allow a temporary (interim) stay of the minister's suspension order.

Owner, CEO being probed

The financial papers were suspended by the ministry following their reports on the 1MDB affair that were described as 'prejudicial or likely to be prejudicial to public order, security or likely to alarm public opinion or is likely to be prejudicial to public and national interest'.

In its application, the media group wanted an order to quash the suspension, following a letter issued by the ministry on July 23. It also asked that the publications be granted interim stay of the suspension order.

The Edge owner Tong Kooi Ong (photo) and its CEO Ho Kay Tat are also being probed under Section 124B of the Penal Code for alleged activities detrimental to parliamentary democracy.