<div class=newsTextDataWrapInner><p>SINGAPORE (May 29): China Everbright Water announced Monday that it has secured a contract for the upgrading of the Liaoning Dalian Lvshun Bailanzi Waste Water Treatment Project.</p></div>

<div class=newsTextDataWrapInner><p>Total investment for the Bailanzi upgrading project is an estimated RMB 42 million (S$8.5 million).</p></div>

<div class=newsTextDataWrapInner><p>The upgrading work will see the water discharge upgraded to the National Grade 1A Standard, from the current National Grade 1B Standard.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In addition, Everbright Water says the company will effect a water tariff hike following the completion of the upgrading work and the commencement of the project’s operation.</p></div>

<div class=newsTextDataWrapInner><p>The upgrading work, which is currently underway, is expected to be completed by the end of 2017.</p></div>

<div class=newsTextDataWrapInner><p>“We will seize the opportunity to further strengthen our project management capability, raise the discharge standards of our projects, improve the collection of receivables, and also actively expand our business in the local market,” says An Xuesong, executive director and CEO of Everbright Water.</p></div>

<div class=newsTextDataWrapInner><p>Shares of China Everbright Water closed flat at 47 Singapore cents on Monday.</p></div>


SINGAPORE (May 29): China Everbright Water announced Monday that it has secured a contract for the upgrading of the Liaoning Dalian Lvshun Bailanzi Waste Water Treatment Project.

Total investment for the Bailanzi upgrading project is an estimated RMB 42 million (S$8.5 million).

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China Everbright secures water treatment plant upgrading project worth S$8.5 mil

Malaysia’s economy is poised for steady growth this year, driven by strong domestic demand, robust investment activities and growth in exports and tourism despite potential global uncertainties, according to the Federation of Malaysian Manufacturers (FMM).

Malaysia's economy to remain resilient in 2025 — FMM

Investors in the Johor-Singapore Special Economic Zone (JS-SEZ) are eligible for a suite of incentives, including a special corporate tax rate that takes effect on Jan 1, the Finance Ministry said on Wednesday.

Malaysia announces tax incentives for Johor-Singapore Special Economic Zone

Asian stocks drifted lower on Wednesday, with a robust dollar keeping the yen pinned near six-month lows as traders wagered the Federal Reserve will likely be slow in cutting rates after data showed the US economy and labour market remained stable.

Asian stocks slip, dollar bolstered by US rate outlook

The World Health Organisation (WHO) on Tuesday offered reassurance about HMPV, a respiratory infection that is spreading in China, emphasising that the virus is neither new nor particularly dangerous, reported German news agency dpa.

A WHO spokeswoman said the agency is in contact with the Chinese Centre for Disease Control and Prevention. She said the WHO had been told that various respiratory infections are circulating in China, as is typical in its winter, including 'flu, RSV, Covid-19 and HMPV.

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Donald Trump is threatening to use “economic force” to make Canada the 51st American state. While his comments may be reckless, they are in part due to Canada’s over-reliance on the US market in terms of trade.

The benefits of international trade are undoubtedly positive. It’s well-established that when countries can produce a product or service more cheaply than others, giving them what’s known as a “comparative advantage,” all other nations engaged will gain from that trade.

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Melaka recorded encouraging investments of RM5 billion as of last September, said Chief Minister Datuk Seri Ab Rauf Yusoh.

He said the amount comprised RM0.8 billion in foreign investment and RM4.2 billion from domestic investors.

Melaka records investments worth RM5 bil as of September last year

Swift Energy Technology Bhd (KL:SET) surged 29% in its trading debut on Wednesday, the first listing for 2025, after the industrial services firm’s initial public offering (IPO) grossed RM84.07 million.

Swift Energy surges 29% on ACE Market debut in 2025's first listing

Malaysia and Singapore reaffirmed their commitment to revamp the Joint Ministerial Committee for Iskandar Malaysia (JMCIM) to better support the Johor-Singapore Special Economic Zone (JS-SEZ).

Malaysia, Singapore reaffirm plan to revamp joint ministerial committee after special economic zone agreement

Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.

Samsung's 4Q profit outlook misses estimates by large margin as chip issues drag

US President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he has promoted since winning the Nov 5 election.

Trump will not rule out force to take Panama Canal, Greenland

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Alliance Bank, UUE, Nestcon, Infomina, ITMAX, KUB, CI Holdings, MN Holdings, Coastal Contracts, Sentoria

<p>Investors in the Johor-Singapore Special Economic Zone (JS-SEZ) are eligible for a suite of incentives, including a special corporate tax rate that takes effect on Jan 1, the Finance Ministry said on Wednesday.</p>


<p>Swift Energy Technology Bhd (KL:SET) surged 29% in its trading debut on Wednesday, the first listing for 2025, after the industrial services firm’s initial public offering (IPO) grossed RM84.07 million.</p>


<p>US President-elect Donald Trump refused on Tuesday to rule out using military or economic action to pursue acquisition of the Panama Canal and Greenland, part of a broader expansionist agenda he has promoted since winning the Nov 5 election.</p>


<p>Exxon Mobil Corp said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024.&nbsp;</p>


Exxon predicts US$700 mil hit to profit from lower oil prices

<p>Asian stocks drifted lower on Wednesday, with a robust dollar keeping the yen pinned near six-month lows as traders wagered the Federal Reserve will likely be slow in cutting rates after data showed the US economy and labour market remained stable.</p>


<p>President-elect Donald Trump announced an investment of at least US$20 billion (RM89.96 billion) from Hussain Sajwani, the head of Damac Group, to build new data centres in the US.</p>


Trump, Dubai billionaire unveil US$20 bil for data centres

<p>Malaysia and Singapore reaffirmed their commitment to revamp the Joint Ministerial Committee for Iskandar Malaysia (JMCIM) to better support the Johor-Singapore Special Economic Zone (JS-SEZ).</p>


<p>Stocks got hammered as a selloff in the world’s biggest bond market deepened on speculation the Federal Reserve won’t cut interest rates before July amid inflation risks.</p>

<p>Following a recent rally, equities lost traction on Tuesday as a report on US service providers showed a price gauge hitting the highest since early 2023.</p>


US stocks roiled by bond rout amid inflation jitters

<p>A technology industry group on Tuesday urged President Joe Biden's administration to refrain from issuing a last-minute rule that would control global access to artificial intelligence (AI) chips, warning the restrictions would jeopardise US leadership in AI.</p>


Tech group urges US to halt rule that would limit global access to AI chips

<p>Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.</p>


<p>Singapore&nbsp;passed a new law on Tuesday allowing police to freeze bank accounts of scam victims as a "last resort" measure to prevent further losses.</p>


Singapore empowers police to freeze bank accounts in scam crackdown

<p>(Jan 7): President Joe Biden's outgoing administration announced on Tuesday a ban on medical debt in American consumers' credit reports, making good on a campaign year pledge less than two weeks before leaving office.</p>

<p>Officials said the new regulation, adopted despite objections from th...

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<p>(Jan 8): The bond market selloff that’s lifted long-maturity Treasury yields to the highest levels in months stands to reward buyers at Tuesday’s auction of 10-year notes with the juiciest yield in 17 years.</p>

<p>While the yield on 10-year notes hit as much as 5% in late 2023, the current yi...

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<p>Wall Street's main indices slipped on Tuesday, weighed down by technology stocks after a batch of upbeat economic data stoked uncertainty among investors about the pace of monetary policy easing that the Federal Reserve could pursue this year.</p>


Wall St slips as upbeat data sparks uncertainty on Fed's easing cycle

<p>US&nbsp;job&nbsp;openings&nbsp;unexpectedly increased in&nbsp;November&nbsp;while&nbsp;hiring&nbsp;softened, suggesting the&nbsp;labour&nbsp;market&nbsp;continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates.</p>

<p>The&nbsp;Job&nbsp;Openings&nbsp;and&nbsp;Labor&nbsp;Turnover Survey, or JOLTS report, from the&nbsp;Labor&nbsp;Depart</p>


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<p>Meta Platforms Inc&nbsp;will end third-party fact-checking on its social media platforms in the US, letting users comment on posts’ accuracy with a community notes system it said will promote free expression.&nbsp;</p>


Meta cuts fact-checkers, says content moderation went ‘too far’

<p>Apple Inc shares have had a challenging start to 2025, as investors fret over weakness in the critical Chinese market.</p>

<p>The shares fell for five straight sessions before Monday’s bounce, in the longest losing streak since April.</p>


January will be tough for Apple as it faces China weakness, tariff risks

<p>Finnish police said on Tuesday they had recovered a lost anchor from the seabed as part of an investigation of suspected sabotage against power and internet cables in the Baltic Sea.</p>


Finland recovers anchor in Baltic Sea cables investigation

<p>Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s suspension of Parliament.</p>

<p>Trudeau’s government introduced the change in the 2024 federal budget, increasing the inclusion rate as of June 25 from 50% to two-thirds for all corporations and trusts, and for individuals earning more than C$250,000 (RM778,123), with some exceptions.</p>
