<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 25): UOB KayHian is keep its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project.</p></div>

<div class=newsTextDataWrapInner><p>No formal value was provided in the reports but total contract value is estimated at US$1.25 billion (S$1.7 billion).</p></div>

<div class=newsTextDataWrapInner><p>The latest win should bring SembMarine's pipeline of project secured for 2018 to between S$1.2 billion and S$1.9 billion, says UOB... <a href="https://www.theedgesingapore.com/positive-news-sembmarine-if-17-bil-shell-vito-project-win-true" target="_blank">(Click here to read the full story.)</a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (Oct 25): UOB KayHian is keep its ratings for Sembcorp Marine unchanged for now despite reports the yard had won the Shell Vito project.

No formal value was provided in the reports but total contract value is estimated at US$1.25 billion (S$1.7 billion).

The latest w...

Positive news for SembMarine if S$1.7 bil Shell Vito project win is true

Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.

Tougher US sanctions to curb Russian oil supply to China and India 

South Korea's impeached President Yoon Suk Yeol will not attend the first formal hearing of the trial to determine if he is removed from office or reinstated because of concerns about his safety, Yonhap News reported citing his lawyer.

South Korea Yoon's lawyer says president will not attend first impeachment trial hearing — report

Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim will participate in the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland.

WEF confirms Anwar’s participation in 2025 annual meeting

The Biden administration delayed until June an order for Nippon Steel to abandon its US$14.9 billion (RM67 billion) bid for US Steel, the companies said on Saturday, giving them some time to revive the politically contentious deal.

Biden admin delays enforcement of order blocking Nippon Steel, US Steel deal, companies say

Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a letter to the Treasury Department's ethics office.

Trump Treasury pick Bessent to divest assets to avoid conflicts

Apple's board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programmes, according to a proxy filing from the company.

Apple's board recommends shareholders vote against proposal to eliminate diversity programmes

US special counsel Jack Smith, who led the federal cases against Donald Trump on charges of trying to overturn his 2020 election defeat and mishandling of classified documents, has resigned, as the Republican president-elect prepared to return to the White House.

Trump prosecutor Jack Smith resigns from Justice Department

The devastating Palisades Fire pushed to the northeast, prompting new evacuations in the ultra-affluent Southern California neighbourhoods of Brentwood and Bel Air as the threat of more dry winds raised risks after a brief respite.

Los Angeles fire pushes northeast to threaten Bel Air, Brentwood

Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts.

US inflation set to back Fed pause after robust jobs data

Outgoing SEC chair Gary Gensler has a word of caution for the next administration: be careful about messing with the guardrails that protect mom-and-pop traders.

Gensler cautions against weakening guardrails for retail traders

<p>The first issue for 2025 reviews the 2024 Malaysian property market and the market outlook for 2025. Notable increases in transaction volume and value in the first nine months of 2024 were recorded across all segments, particularly in residential and industrial.</p>


Going strong into 2025

<p>Apple's board of directors recommended investors vote against a shareholder proposal to abolish the company's Diversity, Equity, and Inclusion (DEI) programmes, according to a proxy filing from the company.</p>


<p>US special counsel Jack Smith, who led the federal cases against Donald Trump on charges of trying to overturn his 2020 election defeat and mishandling of classified documents, has resigned, as the Republican president-elect prepared to return to the White House.</p>


<p>KUALA LUMPUR (Jan 12): Renowned cosmetics tycoon and newly minted executive chairman of The Body Shop, Mike Jatania, is setting his sights on revitalising the brand’s core values and reinstating its image as the face of sustainable beauty.</p>

<p>Once a trailblazer in ethical cosmetics, the co...

The biz of beauty

<p>Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts.</p>


<p>Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim will participate in the World Economic Forum (WEF) Annual Meeting 2025 in Davos, Switzerland.</p>


<p>Scott Bessent, the investor selected by President-elect Donald Trump to be his Treasury secretary, will divest from his Key Square Group hedge fund and other investments, according to a letter to the Treasury Department's ethics office.</p>


<p>The Biden administration delayed until June an order for Nippon Steel to abandon its US$14.9 billion (RM67 billion) bid for US Steel, the companies said on Saturday, giving them some time to revive the politically contentious deal.</p>


<p>South Korea's impeached President Yoon Suk Yeol will not attend the first formal hearing of the trial to determine if he is removed from office or reinstated because of concerns about his safety, <em>Yonhap News</em> reported citing his lawyer.</p>


<p>Outgoing SEC chair Gary Gensler has a word of caution for the next administration: be careful about messing with the guardrails that protect mom-and-pop traders.</p>


<p>Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new US sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.</p>
