Author: Admin

[SINGAPORE] Malaysia hopes to draw back some of the hundreds of thousands of Malaysians who cross the causeways daily, by tapping them to power the Johor-Singapore Special Economic Zone (JS-SEZ), said panellists on Wednesday (Jun 18).However, Idzham Mohd Hashim, president and chief executive officer of Iskandar Investment (IIB), stressed that this was not about competing with Singapore, but about creating a “symbiotic relationship” that benefits both countries.He was speaking on a panel titled “Johor Focus: Building the Future with JS-SEZ”, alongside Mohd Noorazam Osman, CEO of the Iskandar Regional Development Authority (IRDA) and former mayor of Johor Bahru. The discussion was…

LOS ANGELES — LOS ANGELES (AP) — “Jaws” turns 50 this week, and its legacy of the summer movie blockbuster remains strong.The titles that have packed the most summer moviegoers into theaters since 1975 represent some of the best known films of the last half century, including five “Star Wars” movies, Pixar favorites like “Toy Story 3” and “Finding Nemo,” superheroes galore and both “Top Gun” films. They also include some surprises, and movies both less bombastic and less enduring.Combined, the top-earning summer films between 1975 and 2004 have more than $15 billion through the summer months, a figure not…

U.S. Steel and Nippon Steel announced Wednesday that they have finalized their long-awaited partnership. Under the announced agreement, U.S. Steel will retain its name and headquarters in Pittsburgh. The steel will continue to “mined, melted and made” in the United States, the companies said. The partnership is expected to create more than 100,000 jobs throughout the U.S., and will feature “unprecedented massive investments in steelmaking in the United States,” the companies said in their announcement. A deal between Nippon and U.S. Steel was first proposed in late 2023. Then-President Joe Biden rejected the deal on national security grounds near the end of his time…

Published Wed, Jun 18, 2025 · 10:23 PMBhumjaithai Party on Wednesday (Jun 18) announced its withdrawal from the coalition government, in a major setback for Prime Minister Paetongtarn Shinawatra’s ruling coalition.The party, the second-largest party in the alliance and holder of 69 seats in parliament, said its departure was due to the impact on the country of a leak of a phone call on Wednesday between Paetongtarn and Hun Sen, the influential former premier of Cambodia, with which Thailand is involved in a border dispute. In the phone call, Prime Minister Paetongtarn Shinawatra had blamed her own military for escalating a…

The National Highway Traffic Safety Administration said on Wednesday it had closed an engineering analysis on 2,038,307 Nissan Motor vehicles over issues related to rear suspension control arm failure.The investigation, which covered 2013-2018 Nissan Altima and 2016-2018 Nissan Maxima vehicles, looked into whether the lower control arm of the rear suspension system may separate from the chassis due to corrosion, NHTSA said.”Nissan acknowledges that a crack can develop in affected control arms due to stress loading from normal use and that salts commonly used for roadway snow and ice treatment may result in corrosion that exacerbates the progression of the…

[JAKARTA] The Indonesian authorities’ seizure of 11.8 trillion rupiah (S$928 million) from agri-giant Wilmar Group is not only the country’s largest asset confiscation, but also unprecedented for the company voluntarily handing the amount over in cash – a move legal experts say enables prosecutors to sidestep the complexities of liquidating seized property.The move throws a spotlight on Jakarta’s stepped-up efforts to root out graft in the palm oil sector, following allegations of misconduct during a severe shortage of cooking oil in late 2021 to early 2022, which exposed governance lapses in one of Indonesia’s most vital industries.Harli Siregar, the spokesperson…

[WASHINGTON] Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of power for the Trump administration after the Japanese company’s 18-month struggle to close the purchase.Under the deal terms, Nippon bought 100 per cent of US Steel shares at US$55 per share, as it first laid out in its December 2023 offer for the well-known and struggling steelmaker. The filing also discloses details of a national security agreement inked with the Trump administration, which gives President Donald Trump the authority to name a board member as well as a non-economic…

Washington — The Supreme Court on Wednesday upheld a Tennessee law that restricts access to gender-affirming care for minors experiencing gender dysphoria, clearing the way for the medical treatments for transgender youth to be limited in half of the country.The high court ruled 6-3 in rejecting the challenge from the Biden administration, three families and a physician who had argued that Tennessee’s law violated the Constitution’s guarantee of equal protection under the law. The court concluded that the state’s measure, enacted in 2023, does not run afoul of the 14th Amendment.”Our role is not ‘to judge the wisdom, fairness, or…

[SINGAPORE] Koh Brothers Eco Engineering’s share price spiked 14 per cent to S$0.057 a day after Jun 10, when it said a joint venture involving its subsidiary had bagged a S$999 million contract.The Catalist-listed company last traded at this level back in November 2021.The contract, for the construction of underground tunnels at Changi Airport Terminal 5, was awarded to a joint venture of Koh Brothers Building and Civil Engineering Contractor (KBCE) and Penta-Ocean Construction.The duo, as well as three companies – China Communications Construction Company (Singapore Branch), Obayashi Singapore and Hwa Seng Builder – that were earlier awarded substructure and…

EV maker VinFast signs first dealership in California