<div class=newsTextDataWrapInner>SINGAPORE (July 29): The Monetary Authority of Singapore (MAS)&nbsp;has appointed Chee Hong Tat, Minister for Transport and Second Minister for Finance, as its deputy chairman.</div>

<div class=newsTextDataWrapInner>Chee’s appointment will be from Aug 23, 2024 to May 31, 2027. He was appointed to the central bank’s board on June 1 this year.</div>

<div class=newsTextDataWrapInner>MAS’ chairman, Deputy Prime Minister Gan Kim Yong, was appointed as<a href="https://www.theedgesingapore.com/news/new-appointments/mas-appoints-transport-minister-chee-hong-tat-deputy-chairman" target="_blank">...(click on link for full story on theedgesingapore.com)</a> 
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SINGAPORE (July 29): The Monetary Authority of Singapore (MAS) has appointed Chee Hong Tat, Minister for Transport and Second Minister for Finance, as its deputy chairman.

Singapore’s cenbank appoints Transport Minister Chee Hong Tat as deputy chairman

Data centre operator Princeton Digital Group (PDG) bought land in India, Malaysia and Indonesia and secured power supply for the sites to boost its capacity by nearly 50%, seeking to capitalise on rising demand for artificial intelligence (AI) services.

Warburg-backed Princeton Digital buys land across Asia, including Malaysia, to serve AI demand

Vietnam will remove a requirement for full pre-funding on equity transactions of foreign investors from Nov 2, its finance ministry said, the country's latest effort to boost the chances to be reclassified as an emerging market.

Vietnam removes pre-funding rule for foreigner investors in bid for market upgrade

The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve (Fed) began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.

Stocks and dollar gain as Fed charts 'soft landing' path

Bina Darulaman Bhd (KL:BDB) said the resignation of its external auditor KPMG four months after its reappointment “is part of a routine governance practice” following the extension of its tenure.

KPMG's resignation part of routine governance practice, says Bina Darulaman

Japan has a female candidate among the frontrunners to become prime minister in a vote this month, raising the possibility that a nation known for lagging on diversity may appoint its first woman leader before the US.

Japan may beat the US to install its first female leader

The Hong Kong Monetary Authority (HKMA) cut its base interest rate for the first time since 2020 after the Federal Reserve (Fed) eased policy, in a move that should help loosen borrowing conditions in the financial hub.

Hong Kong cuts rates for first time in four years as Fed eases

Shares of Solar District Cooling Group Bhd (KL:SDCG) surged 32% in ACE Market trading debut on Thursday as investors scrambled for a piece of the building management systems company.

Solar District Cooling surges 32% in ACE Market trading debut

Australia’s latest attempts to solve its housing crisis are stuck in political gridlock as the amount of available rental space in the nation hovers near a record low.

Australia struggles to solve housing crisis as politicians scrap

The United Auto Workers (UAW) union is eyeing multiple US strikes against French-Italian carmaker Stellantis about a year after a national walkout cost the Detroit Three automakers billions of dollars and idled 50,000 workers.

Stellantis faces unprecedented UAW strikes a year after national walkout

Amazon.com is raising the pay of its fulfilment and transportation staff in the US by at least US$1.50 (RM6.39) an hour and handing out free Prime memberships as benefits, it said on Wednesday.

Amazon raises pay of US hourly workers in fulfilment, transport ops

Here is a brief recap of some corporate announcements that made the news on Wednesday.

WCT, Capital A, Press Metal, Eco World International, Scientex Packaging, Barakah Offshore, Kimlun, Pekat, YBS 

The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the US central bank's 2% annual target.

Dollar drops as US Fed cuts rates by half a percentage point

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.

US Fed cuts rates by half a percentage point, cites 'greater confidence' on inflation

US equities will climb through the rest of the year with the Federal Reserve’s (Fed) aggressive interest-rate cut bolstering the chances of a soft landing for the economy, according to a survey of Bloomberg Terminal subscribers.

US stocks will continue to rally after sharp Fed rate cut, investors say

The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve (Fed) began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.

Chin Hin Group Bhd (KL:CHINHIN) managing director Chiau Haw Choon is no longer a substantial shareholder in NCT Alliance Bhd (KL:NCT) after disposing of a 0.62% stake for RM5.8 million.

Chin Hin MD ceases to be substantial shareholder in NCT Alliance after selling 0.62% stake for RM5.8m

Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes.

Boeing furloughs thousands as it hunkers down for extended strike

Precision machining group YBS International Bhd (KL:YBS)&nbsp; is acquiring the entire stake of Allied Technologies Holdings Pte Ltd’s precision manufacturing services units for a total indicative price of US$38 million (RM167.2 million) via cash and share issuance.

YBS inks MOU to acquire stake in precision manufacturing companies for RM167m 

Shares of Solar District Cooling Group Bhd (KL:SDCG) surged 32% in ACE Market trading debut on Thursday as investors scrambled for a piece of the building management systems company.

The US sued the owner and the operator of a Singapore-flagged ship that rammed into a Baltimore bridge in March, the most aggressive action to date in response to a disaster that killed six workers and threw the region’s transportation network into chaos.

US sues ship owner and operator over Baltimore Bridge collapse

Alphabet Inc's YouTube and e-commerce platform Shopee said on Wednesday they were launching an online shopping service in Indonesia and planned to expand it in Southeast Asia as competition picks up with a rival operator owned by TikTok.

YouTube and Shopee partner in Southeast Asia e-commerce tie-up 

Haily Group Bhd (KL:HAILY) said on Wednesday that it has secured a RM75.9 million contract from Mah Sing Group Bhd’s (KL:MAHSING) subsidiary for construction works on a residential development in Johor Bahru.

Haily Group bags RM76 mil housing construction contract from Mah Sing  

Federal Reserve governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the US central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.&nbsp;

Fed Bowman's dissent is first from US Fed governor since 2005

Three suspects in a sodomy case arrested during the recent Op Global will be charged at the Seremban Sessions Court on Thursday.

Inspector-General of Police Tan Sri Razarudin Husain said the suspects would be charged under Sections 14(a) and 14(b) of the Sexual Offences Against Children Act 2017 (Act 792).

Op Global: Three supsects in sodomy case to be charged on Thursday — IGP

The number of flood victims in temporary evacuation centres (PPS) in Kedah and Penang has slightly dropped on Wednesday afternoon, while Perlis has recorded an increase.

Flood victims in Kedah, Penang drop, while numbers rise in Perlis

The second trial of Vietnamese real estate tycoon Truong My Lan on fresh fraud charges is scheduled to begin on Thursday, underscoring the new Communist Party chief’s determination to press ahead with a crackdown on corruption.

Vietnamese tycoon faces second fraud trial after death sentence

Taiwan denounced China on Thursday for suspending tariff exemptions on agricultural imports from the island, saying it was "economic coercion" and not conducive to improving relations.

Taiwan denounces China for ending tariff exemptions on farm goods

The Malaysian Bar is repeating the Human Rights Commission of Malaysia's call for the government to establish a Royal Commission of Inquiry (RCI) to investigate allegations of exploitation and sexual abuse involving 402 children at welfare homes.

Malaysian Bar echoes Suhakam's call for RCI to investigate child abuse allegations at welfare homes

The idea to launch a Home Solar Subscription programme came after Raj Ridvan Singh, founder and CEO of Sols Energy, paid a visit to the US as a Ford Fellow many years ago.

“I got to study at Columbia University in New York and Yale University for about six weeks [in] this fellowship, an...

Energy: Home solar subscription, a game changer for accessibility?

Australia’s latest attempts to solve its housing crisis are stuck in political gridlock as the amount of available rental space in the nation hovers near a record low.