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  • Government delays political salary decision until Middle East situation clarifies

    An independent committee completed its review of the political salary framework from 2012 and submitted recommendations to the government in April. The government has decided to postpone acting on these recommendations until the economic impact of the Middle East conflict becomes clearer. The deferral allows the government to assess broader economic conditions before implementing any […] More

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  • SpaceX proposes $55 billion semiconductor manufacturing facility in Texas

    SpaceX has filed plans to invest $55 billion in a semiconductor manufacturing facility called Terafab in Texas. The project is described as a multi-phase chip fabrication and advanced computing complex. The filing was made public on Wednesday. 🏭 SpaceX proposes $55 billion investment in Terafab semiconductor facility 💻 Project involves multi-phase chip fabrication and advanced […] More

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  • Schneider Electric to establish Southeast Asia training centre in Malaysia

    French energy technology company Schneider Electric plans to open a Southeast Asian training centre in Malaysia in 2024 as part of its regional expansion. The move is driven by increased power demand in the region due to growing artificial intelligence infrastructure and data centre capacity. The centre will support the company’s broader Southeast Asia expansion […] More

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  • Global stock markets rise as oil prices fall amid Iran peace deal reports

    Global stock markets surged on Wednesday following reports that the White House was moving closer to a memorandum to end the war with Iran. Oil prices declined during the same period, while AI-driven trading momentum continued to accelerate. The U.S. was reportedly awaiting Iranian responses on key matters. 📈 Global stock markets increased amid reports […] More

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  • MP proposes prioritising support for new job entrants in AI transition

    Workers’ Party MP Associate Professor Jamus Lim suggested in Parliament that the Government should focus policies on supporting new job entrants rather than addressing job displacement caused by artificial intelligence. He presented this as an alternative approach to job loss reduction or retraining programmes. The statement was made during Parliament proceedings on Wednesday, May 6. […] More

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  • US Military Conducts Strikes on Suspected Drug Trafficking Vessels in Caribbean and Pacific

    The US military conducted two strikes on alleged drug trafficking boats in the Caribbean and eastern Pacific regions, resulting in five deaths. These operations are part of an ongoing campaign against drug trafficking activities. The strikes bring the total death toll from the US anti-drug trafficking campaign to at least 190 people. ⚔️ US military […] More

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  • China criticises Eswatini for hosting Taiwan President Lai Ching-te

    China has strongly condemned Eswatini for hosting Taiwan President Lai Ching-te, accusing the southern African nation of being financially supported by Taiwan. The rebuke highlights ongoing diplomatic competition between China and Taiwan as both seek recognition among developing nations. Both countries have previously accused each other of using financial incentives to gain international support. 🇨🇳 […] More

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  • South Korea’s KOSPI index surpasses 7,000 milestone as Samsung reaches $1 trillion valuation

    South Korea’s benchmark KOSPI index broke through 7,000 for the first time on Wednesday, driven by gains in semiconductor stocks. Samsung Electronics achieved a market capitalisation of $1 trillion, supported by global demand for artificial intelligence hardware. The gains reflect increased investor interest in AI-related technology sectors. 📈 KOSPI index breaks through 7,000 milestone for […] More

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  • Malaysia enforces new import rules for overseas-assembled electric vehicles from July

    Malaysia’s trade ministry has announced new import regulations for fully assembled electric vehicles from overseas manufacturers, effective July 1. The regulations replace a previous tax exemption period that has expired. The new rules will apply to all overseas-assembled electric vehicles entering the country. 🚗 New import regulations for overseas-assembled electric vehicles take effect July 1 […] More

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