VinFast to soon begin construction of US$500M EV factory in India

China's MOFCOM added PVH and Illumina to its 'unreliable entity' list for violating market principles and discriminating against Chinese companies, amid escalating US-China trade tensions. PVH faces scrutiny for alleged improper conduct in Xinjiang, impacting its presence in China, while Illumina's inclusion reflects broader geopolitical tensions. The move comes as part of China's response to US sanctions, signaling increased scrutiny of US corporations operating in China. Full Article

DOF Subsea, a Norwegian offshore vessel owner, has secured two subsea contracts in the Asia-Pacific region. The first contract involves deploying the dive support vessel Skandi Singapore in Malaysian waters for 30 days in the second quarter, while the second deal includes construction support services in Indonesia for seven weeks in the third quarter. These contracts, valued at approximately $30m, encompass project management, engineering, subsea, and logistics support provided by DOF. Full Article

Singapore's parliament passed the Maintenance of Racial Harmony Bill, imposing controls on "race-based" business groups and clan associations to safeguard racial harmony and curb foreign influence. Designated entities must disclose foreign donations and overseas affiliations, with Minister of Home Affairs K. Shanmugam empowered to issue restraining orders against groups posing a threat to public peace. The legislation is part of Singapore's efforts to combat foreign influence and misinformation, with over 300 entities expected to be...

In the "Add your investment information" section, you can input details such as the investment stage, size, and date. You have the option to indicate your participation in the funding round and join the investment. However, the company currently does not have any funding information available. Full Article

Opposition leader Peter Dutton in Australia is adopting a Trump-like approach by criticizing "woke" issues and emphasizing government efficiency in his campaign against Prime Minister Anthony Albanese. Dutton's messaging seems to be resonating with some voters, as evidenced by a recent poll showing Albanese's approval rating at a low point. Dutton's focus on issues like Indigenous rights and Australia Day appeals to a working-class base feeling ignored by traditional political leadership, in a bid to...

The Institute of Policy Studies (IPS) survey in Singapore revealed an increase in residents wanting more government involvement in handling racial and religious issues, despite near unanimous agreement on the government's success in improving harmony. The survey, conducted on 4,000 residents, showed a rise in the percentage of respondents seeking government intervention in race and religious matters, while also indicating support for maintaining racial diversity in housing estates and culturally sensitive help for different communities....