(June 13): Train travel between Bangkok and Beijing is inching closer as Thailand prepares to expand its rail network.

The Southeast Asian nation will run a trial service between Bangkok and Laos’ capital of Vientiane between July 13 and 14, according to the State Railway of Thailand. W...

 A 2,000-mile Bangkok to Beijing train trip gets closer with trial run

(June 13): Boeing Co. told the US Justice Department that it disagrees with a government finding that the aircraft maker failed to live up to a compliance agreement put in place following two fatal plane crashes half a decade ago, according to people familiar with the matter.

Boeing iss...

Boeing tells US Justice Department it didn’t violate deal after 737 Max crashes

The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations.

US stocks hit record highs, dollar pares losses after CPI, Fed decision

NEW YORK (June 13): The S&P 500 and Nasdaq posted record closing highs for a third straight day on Wednesday after inflation data came in softer than expected but the indexes ended off the day's highs as the Federal Reserve projected only one interest rate cut this year.

The Fed's M...

S&P 500, Nasdaq post closing record highs after CPI, Fed

(June 13): Chipmaker Broadcom raised its annual revenue forecast on Wednesday and announced a stock split, following a massive rally in the stock, with Wall Street betting heavily on the hardware that supports the generative AI technology.

Shares of the Palo Alto, California-based compa...

Chipmaker Broadcom raises annual revenue forecast, unveils stock split

WASHINGTON (June 13): Healthcare spending in the U.S. is projected to have risen 7.5% in 2023 to $4.8 trillion, federal data showed on Wednesday, outpacing the projected annual gross domestic product growth rate of 6.1%.

Spending on Medicaid and private health insurance drove the growth...

U.S. healthcare spending rises to US$4.8 trillion in 2023, outpacing GDP

Tesla Inc has asked the European Union (EU) to subject its electric vehicles (EVs) to a lower tariff rate than other manufacturers shipping cars into the bloc from China, arguing that it’s benefitted from less substantial state support.

Tesla presses EU for lower tariff on EVs shipped in from China

Airbus SE is closing in on a large single-aisle jet order from Cebu Pacific Air, with the carrier planning to sign up for as many as 150 A320neo aircraft that would more than double the Asian airline’s fleet size.

Cebu Pacific Air set to favour Airbus in deal for as many as 150 jets

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

MAHB, Johor Plantations, BHIC, Malton, YNH, Iqzan, Ecoscience, Petra Energy

Malaysia Airports Holdings Bhd (MAHB) said it was notified on Wednesday that one of the four pre-conditions for the RM10.79 billion proposal to privatise the airports operator has been fulfilled.

MAHB fulfils one of four pre-conditions for privatisation deal

The United Arab Emirates’s (UAE) biggest energy company approved a major liquefied natural gas (LNG) export terminal as it seeks to tap into a growing global market for the fuel.

Abu Dhabi’s Adnoc gives the go-ahead for its biggest LNG export terminal

Inari Amertron Bhd (KL:INARI) soared 11.78% at mid-morning on Wednesday and led the technology-linked stocks on Bursa Malaysia, tracking the overnight rally at Wall Street, with the S&P 500 and Nasdaq registering record closing highs.

Inari climbs to highest in over two years amid Wall Street tech rally

President Joe Biden’s administration is widening sanctions on the sale of semiconductor chips and other goods to Russia, targeting third-party sellers in China and elsewhere as it looks to further choke off Vladimir Putin’s war machine in Ukraine.

US to widen sanctions to curb chip sales to Russia’s war machine

Bus company Coach USA, owner of the Megabus brand and commuter bus lines connecting New York and New Jersey, filed for bankruptcy, saying it was unable to recover from a decline in ridership brought on by the pandemic.

Bus carrier Coach USA goes bankrupt after drop in ridership 

WASHINGTON (June 13): The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December as policymakers sketched out their view of an economy that remains virtually unchanged across its major dimensions for years to come.

Wi...

Fed leaves rates unchanged, sees only one 2024 cut despite inflation progress

NEW YORK (June 13): The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations.

The dolla...

NEW YORK (June 13): Donald Trump's lawyers urged the judge who oversaw his hush money trial to lift a gag order now that he has been convicted, arguing his opponents were using the restrictions on the former U.S. president's speech as a "political sword."

In a court filing earlier this ...

Trump's lawyers say hush money gag order is stifling his campaign

Armed with a wealth of experience as an educator and deeply rooted in Sungai Bakap, Dr Joohari Ariffin, the unity government's candidate for the Sungai Bakap state by-election, has expressed confidence in securing unwavering support from voters.

Joohari confident of strong support in Sungai Bakap polls

Former director of Institut Aminuddin Baki (Northern branch) Dr Joohari Ariffin has been officially announced as the unity government's candidate for the Sungai Bakap state by-election on July 6.

Former educator Joohari is unity govt candidate for Sungai Bakap polls

Tycoon Tan Sri Desmond Lim Siew Choon has trimmed his stake in Malton Bhd (KL:MALTON), a day after the counter charted a new 30-month high.

Desmond Lim trims Malton stake after share price rallied to 30-month high

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

National carmaker Perusahaan Otomobil Nasional Sdn Bhd (Proton) is planning to launch five electric vehicle (EV) models that use the Global Modular Architecture (GMA) platform under its newly launched EV brand, Proton e.MAS.

Proton plans to launch five EV models under e.MAS brand

A lawyer who was detained by the Malaysian Anti-Corruption Commission (MACC) last week has come out to say that the graft buster did not tell him that he was being investigated for embezzlement and abuse of power.

Lawyer detained by MACC refutes its claim that he had served as joint management committee chairman

Malaysia Airports Holdings Bhd (MAHB) said it was notified on Wednesday that one of the four pre-conditions for the RM10.79 billion proposal to privatise the airports operator has been fulfilled.

Property developer YNH Property Bhd (KL:YNHPROP) has appointed UHY as a special independent reviewer to assess certain joint venture (JV) and turnkey contracts entered into by its unit, Kar Sin Bhd.

YNH Property appoints UHY for independent review of JV, turnkey contracts

The S&amp;P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations.

The Malaysia-Singapore Special Economic Zone and the proposed Johor-Singapore Rapid Transit System (RTS) that will be finalised by both countries can have a positive impact on the relationship between the two neighbours that are like brothers.

Economic analyst Dr Oh Ei Sun said Malaysia and Singapore are able to attract investments in the computer and chip industry in addition to having a mature workforce.

Malaysia-Singapore Special Economic Zone able to become global high-tech hub: Analyst

Prime Minister Datuk Seri Anwar Ibrahim has called on investors to participate in the proposed Johor-Singapore Special Economic Zone (JS-SEZ), a move that will further enhance trade and investment linkages between the two neighbouring countries.

Anwar, who is also Finance Minister, said that while JS-SEZ was a collaboration between the state of Johor and Singapore, the idea for such a project originated from the federal government, which has strongly endorsed it.

Malaysia invites investors to participate in Johor-Singapore Special Economic Zone

Iqzan Holding Bhd (KL:IQZAN) has secured a construction project worth approximately RM143 million via its subsidiary, Kacon Construction Sdn Bhd (KCSB).

In a filing with Bursa Malaysia on Wednesday, the company said that the project entails the construction of a 24-storey office building on Jalan Tun HS Lee here.

Iqzan Holding secures project worth RM143 mil

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence (AI) technology.

Apple overtakes Microsoft to return as world's most valuable company

Singapore Prime Minister Lawrence Wong departed for home on Wednesday after concluding a successful two-day working visit to Malaysia.

This also marks the end of his series of introductory visits to Southeast Asian capitals, with visits to Brunei and Malaysia.

Singapore PM departs for home after successful two-day working visit to Malaysia

NEW YORK (June 13): The S&amp;P 500 and Nasdaq posted record closing highs for a third straight day on Wednesday after inflation data came in softer than expected but the indexes ended off the day's highs as the Federal Reserve projected only one interest rate cut this year.

The Fed's M...

US consumer prices were unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve (Fed) to start cutting interest rates before September against the backdrop of a persistently strong labour market.

US consumer prices unchanged in May as inflation pressures abate

The Ministry of Finance (MOF) is open to discuss the quota allocated under the Subsidised Diesel Control System (SKDS) for any express bus operators, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

MOF open to discuss the quota for subsidised diesel — Amir Hamzah

Armed with a wealth of experience as an educator and deeply rooted in Sungai Bakap, Dr Joohari Ariffin, the unity government's candidate for the Sungai Bakap state by-election, has expressed confidence in securing unwavering support from voters.

Former director of Institut Aminuddin Baki (Northern branch) Dr Joohari Ariffin has been officially announced as the unity government's candidate for the Sungai Bakap state by-election on July 6.

The S&amp;P 500 and the Nasdaq jumped to record highs on Wednesday after softer inflation data lifted hopes for a rate cut by the Federal Reserve (Fed), while Apple overtook Microsoft as the world's most valuable company.

Wall Street up on inflation cheer; Apple reclaims title of world's most valuable company

(June 13): Train travel between Bangkok and Beijing is inching closer as Thailand prepares to expand its rail network.

The Southeast Asian nation will run a trial service between Bangkok and Laos’ capital of Vientiane between July 13 and 14, according to the State Railway of Thailand. W...

Databricks Inc, a data software provider listed among the 10 most-valuable closely held companies, is launching a visualisation tool to compete with products from Salesforce Inc and Microsoft Corp.

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