The Kuala Lumpur High Court yesterday dismissed an application by The Edge Communications for a stay of the three-month suspension order against its two publications.
Senior Federal Counsel Alice Loke Yee Ching, who appeared for the Home Minister, said the publisher failed to convince Judge Asmabi Mohamad that the suspension would harm its credibility.
"There is no irreparable harm that they have shown that they will suffer if stay is not granted," she told reporters yesterday.
She also said the court agreed with the ministry's submission that if the company won subsequently in the suit it had filed against the suspension, it would be vindicated and also be compensated because it claimed damages.
The Home Minister, in a letter dated July 23, notified the company of the suspension of the publishing permits of The Edge Weekly and The Edge Financial Daily due to their articles on troubled state investment firm, 1Malaysia Development Berhad (1MDB), which were deemed to be detrimental to public order, security and national interest.
The Edge had applied for a stay of the suspension order pending the disposal of the substantive judicial review to quash the order.
The publisher said it was disappointed with the court's decision but would not appeal against it.
A statement from the publisher also said no reasons were given by the Home Ministry as to why the articles on 1MDB were deemed prejudicial to public order and national security.
The company said it would now focus on preparing for the Sept 7 hearing of the judicial review of the ministry's decision.