<div class=newsTextDataWrapInner><p>SINGAPORE (May 13): Finance Minister Heng Swee Keat remains under intensive care after suffering a stroke. Deputy Prime Minister Tharman Shanmugaratnam will be covering the duties of the Minister for Finance with immediate effect, says the Prime Minister's Office.</p></div>

<div class=newsTextDataWrapInner><p>The PMO says Heng had a sudden stroke due to an aneurysm, which is a localised weakening of a blood vessel.</p></div>

<div class=newsTextDataWrapInner><p>He underwent neurosurgery to relieve pressure in his brain due to the bleeding and the aneurysm was successfully closed.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Heng had collapsed at a weekly Cabinet meeting on Thursday afternoon.</p></div>


SINGAPORE (May 13): Finance Minister Heng Swee Keat remains under intensive care after suffering a stroke. Deputy Prime Minister Tharman Shanmugaratnam will be covering the duties of the Minister for Finance with immediate effect, says the Prime Minister's Office.

The PMO says Heng had ...

Heng Swee Keat remains in ICU, DPM Tharman to cover as Finance Minister

WASHINGTON (Dec 16): TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan 19, or face a ban.

TikTok turns to US Supreme Court in last-ditch bid to avert ban

SINGAPORE (Dec 17): Singapore’s non-oil domestic exports rose 3.4% in November 2024, from the same month a year earlier, data on Tuesday showed, as shipments of electronics increased, while non-electronics declined.

Singapore’s November exports rise 3.4% y-o-y, stronger than forecast

KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.

Miti extends deferral of 80:20 employment ratio rule for manufacturing sector

MORNING CALL: 17/12/24

Glenfiddich honours the virtues of extended ageing with the limited-edition 31-year-old Grand Château

Finished with a flourish

(Dec 17): Equities in Asia were poised to open lower on Tuesday, ahead of interest-rate decisions by major central banks across the globe due later this week, including the US Federal Reserve.

Asian stocks to slip ahead of key rate decisions

(Dec 17) : Canadian Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates.

Canada runs deeper deficits as finance minister resigns

Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.”

China’s factories seek to Trump-proof business by going global

US stocks broadly ended Monday’s session higher as traders geared up for interest-rate decisions by major central banks across the globe due later this week. 

The S&P 500 rose 0.4% while the Nasdaq 100 gained 1.5% to notch another record high.

US stocks close higher with Fed rate-cut expected

The central bank also proposes to recategorise certain home financing products as personal financing, with a tenure cap of 10 years.

BNM plans to abolish flat rate rule on personal financing products to prevent penalising early repayers

<p>The central bank also proposes to recategorise certain home financing products as personal financing, with a tenure cap of 10 years.</p>


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


Gamuda, Winstar Capital, MClean, DRB-Hicom, Sapura Industrial, NTPM, Crest, M&G, George Kent, Infomina, Perdana Petroleum, Advancecon

<p>The East Coast Rail Line (ECRL) project has achieved 76.06% progress as of November, Malaysia Rail Link (MRL) Sdn Bhd chief executive officer Datuk Seri Darwis Abdul Razak said.</p>

<p>The progress was on track to ensure that the project will be completed in December 2026 for the Kota Bharu to Gombak Integrated Terminal and then to Jalan Kastam in December 2027, he added.</p>


ECRL project reaches 76% completion as of November — MRL

<p>Two Singaporean ministers are taking legal action against Bloomberg over an article published on December 12, which they described as "libellous."</p>

<p>Home Affairs and Law Minister K Shanmugam and Manpower Minister Dr Tan See Leng stated in separate Facebook posts that they will be issuing Letters of Demand concerning the article relating to their property transactions.</p>


Singapore ministers to send letters of demand to Bloomberg over 'libellous article'

<p>Canada's Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible US tariffs, dealing another blow to an already unpopular government.</p>


Canada's finance minister quits, in blow to Trudeau's government

<p>KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.&nbsp;</p>


<p>President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday a US$100 billion (RM445 billion) investment in the US over the next four years in what would be a boost to the US economy.</p>


Trump, SoftBank CEO announce US$100b US investment

<p>Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.”</p>


<p>The ringgit has strengthened by 2.8% against the US dollar as of Nov 22, 2024, according to the Ministry of Finance (MOF).</p>


Ringgit strengthened 2.8% against US dollar as of Nov 2024 — MOF

<p>The implementation of the 15% global minimum tax (GMT) starting next year is expected to have a positive impact on the country’s financial position, according to the Ministry of Finance (MOF).</p>


MOF sees global minimum tax boosting Malaysia’s financial position 

<p>US stocks broadly ended Monday’s session higher as traders geared up for interest-rate decisions by major central banks across the globe due later this week.&nbsp;</p>

<p>The S&amp;P 500 rose 0.4% while the Nasdaq 100 gained 1.5% to notch another record high.</p>


<p>(Dec&nbsp;17) : Canadian Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates.</p>


<p>The S&amp;P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week, as well as several key data releases that will help set the tone for policy next year.</p>


S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data

<p>MicroStrategy shares rose about 3% on Monday as the software company and bitcoin buyer was set to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock.</p>

<p>The US$25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy, which holds US$44 billion worth of the digital currency on its balance sheet, about 2% of the total supply of the world's largest cryptocurrency.</p>


Bitcoin buyer MicroStrategy's Nasdaq 100 entry to support stock rally

<p>America’s surprisingly robust economy has raised expectations that US interest rates will stay high compared to Europe next year.</p>


The US-euro rate gap that triggered Trump’s Fed bashing is set to widen again

<p>The US Energy Department on Monday said it has finalised a US$9.63 billion (RM42.8 billion) loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.</p>


US finalises US$9.63b loan for Ford, SK On joint battery venture

<p>Activity at US service providers is expanding at the fastest pace since October 2021, providing momentum for the economy even as the downturn in manufacturing worsens.</p>


US services activity expands by most in more than three years

<p>(Dec 17):&nbsp;Equities in Asia were poised to open lower on Tuesday, ahead of interest-rate decisions by major central banks across the globe due later this week, including the US Federal Reserve.&nbsp;</p>


<div class="my-caption mx-auto" style="color: #000 !important;border-left: unset;border-right: unset;text-align: center;">Glenfiddich honours the virtues of extended ageing with the limited-edition 31-year-old Grand Château</div>

<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mob...

<p>SINGAPORE (Dec 17): Singapore’s non-oil domestic exports&nbsp;rose 3.4%&nbsp;in November 2024, from the same month a year earlier, data on Tuesday showed, as&nbsp;shipments of electronics increased, while non-electronics declined.</p>
