<div class=newsTextDataWrapInner>SINGAPORE (Oct 14): Oei Hong Leong and Oei Hong Leong Art Museum have filed a notice of discontinuance to wholly discontinue the originating summons against Raffles Education at no cost on Oct 12.</div>

<div class=newsTextDataWrapInner>Raffles Education on Oct 14 announced it has consented to the discontinuance and that the notice has been accepted and approved by the High Court.</div>

<div class=newsTextDataWrapInner>Accordingly, the legal proceedings between the parties including Oei’s application for<a href="https://www.theedgesingapore.com/news/company-news/oei-hong-leong-drops-suit-against-raffles-education" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Oei Hong Leong and Oei Hong Leong Art Museum have filed a notice of discontinuance to wholly discontinue the originating summons against Raffles Education at no cost on Oct 12.

Raffles Education on Oct 14 announced it has consented to the discontinuance and that the notice has been accepted and approved by the High Court.

Oei Hong Leong drops suit against Raffles Education

BEIJING (Jan 15): China and Sri Lanka agreed on more investment and economic cooperation on Wednesday as China's President Xi Jinping met recently-elected Sri Lankan President Anura Kumara Dissanayake in Beijing.

The countries signed 15 cooperation documents, including agreements on eco...

China, Sri Lanka agree more investment and economic cooperation

The High Court on Thursday approved a pension increase for retirees, based on their final salary according to the 2016 Public Services Department circular, effective January 2022.

High Court rules in favour of pensioners, govt ordered to pay arrears within three months

BERLIN (Jan 16): Volkswagen's chief financial officer said in comments to investors seen by Reuters on Wednesday that the next step to making its German plants competitive was to improve productivity, increasing the number of cars produced per worker.

CFO Arno Antlitz, spe...

Volkswagen CFO: after cost-cutting deal, productivity must go up

DOHA/CAIRO/JERUSALEM (Jan 16): Israel intensified strikes on Gaza hours after a ceasefire and hostage release deal was announced, residents and authorities in the Palestinian enclave said, and mediators sought to quell fighting ahead of the truce's start on Sunday.

Israel, Hamas ceasefire accord followed by airstrikes on Gaza, residents say

Maintaining the dollar as the world’s reserve asset is "critical" to US economic health and the nation’s future, Scott Bessent, Donald Trump’s nominee for Treasury secretary, will tell a Senate committee, according to prepared remarks.

Trump Treasury pick Bessent to say dollar’s global status is 'critical' to US economy

Former prime minister Tan Sri Muhyiddin Yassin will have all of his Jana Wibawa charges tried in one court instead of two separate courts.

Muhyiddin’s seven Jana Wibawa charges to be heard in one court

WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US restricted trade list on Wednesday, including Zhipu AI, a developer of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.

US blacklists Chinese companies over TSMC chips in Huawei processor

Denmark's Prime Minister Mette Frederiksen said on Wednesday she had spoken on the phone with US President-elect Donald Trump and told him that it is up to Greenland itself to decide on any independence.

Danish PM tells Trump it is up to Greenland to decide on 'independence'

SEOUL (Jan 16): South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year, while supporting the won, which weakened to a 15-year low versus the US dollar in recent weeks.

Bank of Korea unexpectedly holds policy rate amid won slide

US Treasury Secretary Janet Yellen said on Wednesday US President-elect Donald Trump's plan to set up a new government agency to collect tariffs would duplicate an existing agency and was unlikely to save money.

Yellen says Trump's plan for new revenue agency won't save money for taxpayers

The High Court on Thursday approved a pension increase for retirees, based on their final salary according to the 2016 Public Services Department circular, effective January 2022.

A husband and wife, who own a travel agency, were arrested in Kuala Lumpur at 7pm on Wednesday in connection with allegations of failing to fly out a group of umrah pilgrims on Tuesday.

Selangor police chief Datuk Hussein Omar Khan said the Commercial Crime Investigation Department (CCID) of the Selangor police contingent headquarters (IPK) also seized several computers, passports and related documents.

Failure to fly out umrah pilgrims: Couple who owns travel agency arrested

CBH Engineering Holding Bhd (KL:CBHB) rose 18% on Thursday in Bursa Malaysia’s ACE Market trading debut, following robust demand during the engineering services firm’s initial public offering (IPO).

CBH Engineering rises 18% in ACE Market trading debut

WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US&nbsp;restricted trade list on Wednesday, including Zhipu&nbsp;AI, a&nbsp;developer&nbsp;of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.

Asian shares tracked Wall Street higher on Thursday and the dollar was soft as easing core US inflation kept potential rate cuts by the Federal Reserve on the table, while the yen rose to a one-month high on rate hike bets.

Stocks rise with US rate cuts back in view; yen at one-month high

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.&nbsp;

Short seller Nate Anderson says he’s disbanding Hindenburg

Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated YTL Brabazon New Town in Bristol, a development poised to become the most sustainable new town in the UK.

Anwar launches UK’s most sustainable new town in Bristol by YTL

KUALA LUMPUR (Jan 16): Malaysia’s tourism industry upcycle has started ahead of Visit Malaysia Year 2026, and could bolster share prices of related companies in the next two years, said Maybank Investment Bank (Maybank IB).

Malaysia’s tourism upcycle has begun, some related stocks could gain — Maybank IB

Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&amp;P 500 up about 2% in its biggest gain since the&nbsp;aftermath of the US election.

Wall Street has best CPI day since at least 2023

Eastern &amp; Oriental Bhd (KL:E&amp;O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.

E&O unveils RM700m Maris waterfront development in Penang

Former prime minister Tan Sri Muhyiddin Yassin will have all of his Jana Wibawa charges tried in one court instead of two separate courts.

DOHA/CAIRO/JERUSALEM (Jan 16): Israel&nbsp;intensified strikes on Gaza hours after a ceasefire and hostage release deal was announced, residents and authorities in the Palestinian enclave said, and mediators sought to quell fighting ahead of the truce's start on Sunday.

Polish Prime Minister Donald Tusk accused Russia of planning to carry out “acts of air terror” against airlines worldwide as he urged European partners to join forces in countering Moscow’s alleged sabotage attempts.

Poland’s Tusk says Russia planned terror acts against airlines

OTTAWA (Jan 15): Canada&nbsp;could impose countermeasures on up to C$150 billion&nbsp;(US$105 billion, or RM471.8 billion)&nbsp;worth of US imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday.

Canada could impose tariffs on US$105b worth of US imports — Reuters

Donald Trump's choice for attorney general, Pam Bondi, vowed on Wednesday not to use the US Justice Department to target people based on their politics, seeking to allay concerns the president-elect will use law enforcement to go after his opponents.

"There will never be an enemies list within the Department of Justice," Bondi told the Senate Judiciary Committee.

Trump's AG nominee Pam Bondi vows not to have 'enemies list' for Justice Department

Slovak Prime Minister Robert Fico looks set to survive an upcoming no-confidence vote after rebel lawmakers in one ruling coalition party said they would not support the motion.

Opposition parties said on Tuesday they were initiating a no-confidence vote against Fico's leftist-nationalist government, accusing him of dragging the country's foreign policy closer to Russia while doing little to fix problems at home.

Slovakia's Fico set to survive no-confidence vote as coalition rebels backing him

SEOUL (Jan 16): South&nbsp;Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year, while supporting the won, which weakened to a 15-year low versus the US dollar in recent weeks.

LONDON (Jan 15): The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be a critical vehicle to expand and facilitate investment and trade between Malaysia and the United Kingdom (UK).

Anwar: CPTPP a critical vehicle to expand investment, trade between Malaysia and UK

Denmark's Prime Minister Mette Frederiksen said on Wednesday she had spoken on the phone with US President-elect Donald Trump and told him that it is up to Greenland itself to decide on any independence.