Business

SINGAPORE, April 16 (Bernama) — Singapore Prime Minister Lee Hsien Loong will remain in the new Cabinet as a senior minister, local media reported, quoting Deputy Prime Minister Lawrence Wong on Tuesday.

The Straits Times reported that Wong, who is set to assume the role of Singapore’s Prime Minister from Lee on May 15, will announce details of his new Cabinet in a press conference a few days before the swearing-in ceremony.

KUALA LUMPUR, April 17 (Bernama) — The International Monetary Fund (IMF) has revised the outlook for Malaysia’s real gross domestic product (GDP) by a notch to 4.4 per cent this year from its earlier prediction of 4.3 per cent.

Malaysia’s economy expanded by 3.7 per cent in 2023.

In its latest World Economic Outlook (WEO) entitled “Steady but slow, resilience amid divergence”, IMF predicted the GDP growth to remain at 4.4 per cent in 2025.

It projected Malaysia’s current account balance at 2.4 per cent in 2024 and 2.7 per cent in 2025.

TOKYO, Apr 18 (NNN-NHK) – Toyota Motor Corp. said, it is recalling 135,305 units of its Prius hybrid car in Japan, due to a risk of doors opening during driving.

Three cases of complaints related to the rear door handle glitch have been reported so far, while no accident has been confirmed, according to the automaker’s recall filing with Japan’s transport ministry yesterday.

NEW YORK (AP) — Less than a week after a flashy stock market debut, Donald Trump’s social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.

BEIJING, April 1 (Xinhua) -- Chinese President Xi Jinping held talks with President-elect of the Republic of Indonesia and Great Indonesia Movement Party General Chairman Prabowo Subianto, who is on a visit to China, in Beijing on Monday.

Xi congratulated Prabowo on winning the election and asked Prabowo to relay sincere greetings and best wishes to President Joko Widodo.

BEIJING, April 1 (Xinhua) -- It is of symbolic and historical significance that China won the dispute with Australia at the World Trade Organization (WTO) over Australia's anti-dumping measures on steel products imported from China, an expert observed.

KUALA LUMPUR, Mac 30 (NNN-BERNAMA) – Asia-Pacific’s prosperity lies in peaceful co-existence not harmful bloc politics, as championed by some seeking to use the region as part of a confrontational strategy, a Russian official said here, yesterday.

KUALA LUMPUR, April 1 (Bernama) — The United States (US) has full confidence that Malaysia will once again be an effective Association of Southeast Asian Nations (ASEAN) chairman in 2025, as it has been in the past, and is extending its open arms to work closely to ensure a fruitful tenure.

Reflecting on Malaysia’s previous leadership roles in 2006 and 2015, newly-appointed US Ambassador to Malaysia Edgard D Kagan commended the country for its effective chairmanship and professional diplomacy.

KUALA LUMPUR, April 1 (Bernama) — The United States (US) Ambassador to Malaysia Edgard D. Kagan has expressed confidence in the continued investments of American firms in Malaysia, attributing their interest in the country’s market potential and its integration into global trade networks.

He underscored the enduring economic partnership between the US and Malaysia and highlighted the significant investments and job opportunities generated by American companies in the region.

28 March 2024; MEMO: Jordan said an electricity grid inter-connection with Iraq will go into operation on Saturday, Anadolu Agency reports.

The electric line between Jordan’s Risha power station and Iraq’s Rutba station will have a capacity of 13 megawatts, Amjad Rawashdeh, head of the Jordanian National Electric Power Company, told the state news agency, Petra.