<div class=newsTextDataWrapInner>SINGAPORE (June 18): Singapore reclaimed the top spot as the world’s most competitive economy in 2024, up from the fourth place a year ago, according to the International Institute for Management Development (IMD) World Competitiveness Ranking on Tuesday.</div>

<div class=newsTextDataWrapInner>This is the first time Singapore has been ranked No 1 since 2020, and has outperformed other economies&nbsp;such as Switzerland and Denmark, said IMD.</div>

<div class=newsTextDataWrapInner>IMD assessed 67 global economies, over survey data and 164 pieces of statistical data between March and May this year<a href="https://www.theedgesingapore.com/news/singapore-economy/singapore-crowned-worlds-most-competitive-economy-2024" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Read also: 
<a href="https://theedgemalaysia.com/node/715786" target="_blank">Malaysia ranks 34th most competitive economy in 2024, down seven places</a></div>

Singapore reclaims the top spot as the world’s most competitive economy in 2024, up from fourth place a year ago, according to the International Institute for Management Development (IMD) World Competitiveness Ranking on Tuesday.

Singapore crowned world's most competitive economy in 2024

US President Joe Biden survived the most critical day of his campaign reset, avoiding major missteps in a pivotal prime-time interview and earning a warm reception at a raucous Wisconsin rally.

Biden clings to campaign, but scepticism among allies persists

Jordan Bardella has helped steer France's far-right National Rally (RN) towards its first real chance of power, the rapidly emerging fresh face of a party that has sought to clean up its image and widen its appeal in recent years.

Le Pen's investment in far-right Bardella pays off ahead of French election

The Melaka government is urging for the construction of the waste-to-energy (WTE) plant at the Sungai Udang Sanitary Landfill to be expedited, as the tender was awarded over two years ago.

Melaka exco urges expedited construction of waste-to-energy plant

The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Malaysia's priority is repatriation of 1MDB assets — home minister

Around 5,700 residents were relocated after waters breached a dike at China's second-largest freshwater lake in the south of the country, while rescue workers rushed to contain further damage from outflows, Chinese state media said on Saturday.

Residents relocated after dam breach at China's second-largest freshwater lake

The Ministry of Plantation and Commodities will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy (WPL) on palm oil in this country is sent to the Ministry of Finance (MOF).

Proposals related to palm oil windfall profit levy to be submitted to MOF before Budget 2025, says Johari Ghani

Polling for the Sungai Bakap state by-election kicked off at 8am on Saturday, and 38.3% of the 39,222 registered ordinary voters had come out to vote as of 1pm, according to the Election Commission (EC).

Sungai Bakap state by-election: 38.3% voter turnout as of 1pm

The government will conduct further review concerning the two foreign worker management systems alleged to have overlapping functions, as revealed by the Public Accounts Committee (PAC) on Wednesday.

Govt to review overlapping functions of foreign worker management systems after PAC findings

Premier Tan Sri Abang Johari Tun Openg has indicated that there will be an official signing ceremony for Sarawak to acquire a major stake in “a bank” — widely understood to be Affin Bank Bhd (KL:AFFIN) — on July 19.

Sarawak premier hints at formalising Affin Bank deal on July 19

The percentage of voter turnout among young people in the Sungai Bakap state election on Saturday morning was encouraging, said Election Commission (EC) chairman Datuk Seri Ramlan Harun.

Encouraging turnout of young voters for Sungai Bakap state by-election, says EC

Bank Negara Malaysia (BNM) clarified on Saturday recent commentaries related to the implementation of co-payment requirements for medical and health insurance and takaful (MHIT) products, saying it aims to promote sustainability and affordability.

Co-payment requirements for medical and health insurance and takaful products to promote sustainability, affordability — BNM

The Public Accounts Committee’s (PAC) inquiry into the affairs of the Human Resource&nbsp;Development Corporation (HRD Corp), particularly its investments and governance structure, has opened a can of worms.

Shenanigans at HRD Corp

Bursa Malaysia’s average daily trading value&nbsp;surged 59% to RM3.27 billion&nbsp;in the first half of the year (1H2024), from RM2.06 billion for the same corresponding period in 2023, showing that trading on the equity market is thriving.

Bursa's 1H average daily trading value up 59% to RM3.27b — CEO

Premier Tan Sri Abang Johari Tun Openg has indicated that there will be an official signing ceremony for Sarawak to acquire a major stake in “a bank” — widely understood to be Affin Bank Bhd (KL:AFFIN) — on July 19.

Global&nbsp;stocks rose while US&nbsp;Treasury yields dipped on Friday after highly anticipated jobs data boosted market expectations of a Federal Reserve (Fed) interest-rate cut.

World stocks rise, US yields dip amid jobs data, UK labour landslide

An eight-day winning streak for Tesla Inc&nbsp;shares sent the world’s most valuable automaker into positive territory for the first time this year.

Tesla shares on track to turn positive for 2024 after US$200b rally

Lawmakers will debate the latest Auditor-General’s (AG) Report 2/2024 when parliament resumes session this week following a one-day break for Awal Muharram on Monday.

The Week Ahead: Attention on AG’s Report debate, Bank Negara’s monetary policy meeting and Johor Plantations’ IPO

Nine polling centres with&nbsp;65 voting streams opened simultaneously at 8am on Saturday for the Sungai&nbsp;Bakap state by-election.

Sungai Bakap state by-election: Nine polling stations open at 8am

Equities in China and India are being touted as potential outperformers in Asia in the second half of the year (2H2024), as investors flock to emerging-market (EM) themes.

Chinese, Indian stocks favoured over Japan in Asia’s 2H

The Ministry of Rural and Regional Development will resolve the RM286.30 million loss of Mara Incorporated Sdn Bhd (Mara Inc) highlighted in the Auditor General's Report and ensure it does not recur, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Zahid: Mara Inc to ensure no recurrence of loss as shown in AG's Report

Much of the reporting last month about the “non-renewal” of a decades-old “petrodollar agreement” between Saudi Arabia and the United States was riddled with inaccuracies and half-truths. Some outlets even went so far as to allege that Saudi Arabia would “stop using the US dollar for oil sales.” ...

The Eclipse of the Petrodollar — The New Global Economy

Polling for the Sungai&nbsp;Bakap&nbsp;state by-election kicked off at 8am on Saturday, and 38.3% of the 39,222 registered ordinary voters had come out to vote as of 1pm, according to the Election Commission (EC).&nbsp;&nbsp;

The percentage of voter turnout among young people in the Sungai Bakap state election on Saturday morning was encouraging, said Election Commission (EC) chairman Datuk Seri Ramlan Harun.&nbsp;

The government will conduct further review concerning the two foreign worker management systems alleged to have overlapping functions, as revealed by the Public Accounts Committee (PAC) on Wednesday.

Iran's president-elect, low-profile moderate Masoud Pezeshkian&nbsp;carries the hopes of millions of Iranians seeking less restrictions on social freedoms and a more pragmatic foreign policy.

Iran's Pezeshkian brings hopes of moderation after routing hard-line rival

The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Türkiye will soon unveil an agreement with BYD Co&nbsp;to construct a US$1 billion (RM4.71 billion) plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.

China’s BYD to build US$1b EV plant in Türkiye, Bloomberg reports

Around 5,700 residents were relocated after&nbsp;waters breached a dike at&nbsp;China's second-largest freshwater&nbsp;lake in the south of the country, while rescue workers rushed to contain further damage from outflows, Chinese state media said on Saturday.

Mikel Merino's header late in extra time sent Spain into the Euro 2024 semi-finals and eliminated hosts Germany after tight a 2-1 win on Friday.&nbsp;

Merino header breaks German hearts, sends Spain into Euro semis

The Ministry of Plantation and Commodities will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy (WPL) on palm oil in this country is sent to the Ministry of Finance (MOF).