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5 days ago
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Leidos achieves premier AWS status
In support of advancing secure information sharing across agencies and allied nations, including efforts tied to AUKUS Pillar 2, Leidos (LDOS) recently achieved Trusted Secure Enclave Vetted Partner status from Amazon Web Services (AMZN). This premier designation is awarded to organizations that meet the highest standards for secure enclave design and deployment. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Yahoo
6 days ago
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Elliott Statement on Sumitomo Realty & Development Co., Ltd.
LONDON, Aug. 12, 2025 /PRNewswire/ -- Elliott Investment Management, L.P. and Elliott Advisors (UK) Limited ("Elliott"), which advise funds that together have a more than 3% ownership stake in Sumitomo Realty & Development Co., Ltd. ("Sumitomo Realty" or the "Company"), making Elliott one of the Company's largest shareholders, note last week's announcement from the Company. We believe the Company's "Policy on Utilizing Fixed Assets and Leveraging Strategic Shareholdings" lacks both ambition and urgency. This policy falls short in achieving capital efficiency, enhancing shareholder returns and reducing cross shareholdings. As a result, the Company's valuation continues to suffer. The Company's asset sale target of ¥200 billion represents just a small fraction of Sumitomo Realty's total leasing portfolio and may not be completed until the 2030s. Similarly, the Company's 10-year timeframe to divest ¥400 billion of its portfolio of strategic shareholdings is far too long. Cross shareholdings remain an immediate concern and, in our view, are a key reason for the Company's low shareholder approval at this year's AGM. Sumitomo Realty must expand its ambitions and accelerate the implementation of its envisioned policy. This would unlock capital for higher-return growth projects and increased shareholder returns, helping to address the Company's persistent undervaluation. We will continue to work constructively with Sumitomo Realty's management team and engage with other shareholders to address these issues and raise the Company's corporate value. About ElliottElliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $72.7 billion in assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Investment Management L.P. Media Contacts: LondonAlice BestElliott Advisors (UK) LimitedT: +44 203 009 1715abest@ TokyoBrett WallbuttonAshton ConsultingT: +81 (0) 3 View original content: SOURCE Elliott Investment Management L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-08-2025
- Yahoo
Singapore LTA holds off on approving cross-border e-hailing with Johor
While the idea of hopping into an e-hailing car to cross from Johor to Singapore may sound like a commuter's dream, it's not quite ready to hit the road. However, there have been talks about it. Singapore's Land Transport Authority (LTA) clarified on 3 Aug that although cross-border ride-hailing was floated during recent discussions, there are currently no plans to fully liberalise such services. This came after a bilateral meeting on 1 Aug between Singapore's Acting Transport Minister Jeffrey Siow and Johor Menteri Besar Datuk Onn Hafiz Ghazi, where various proposals to improve cross-border connectivity were explored. Among them was the notion of introducing cross-border e-hailing as a more flexible transport option. In a Facebook post, Datuk Onn Hafiz said the proposed service could reduce congestion, offer commuters more convenience, and create new income streams for local drivers. He added that the concept may also serve as a bridge between the two nations' public transport systems — a nod to both integration and innovation. However, Minister Siow was quick to temper expectations. In his own statement, he acknowledged that while ride-hailing was indeed part of the discussion, no decisions had been made. Instead, he reiterated Singapore's commitment to safeguarding the livelihoods of current drivers and platform workers, and cracking down on unauthorised cross-border services. Currently, cross-border travel by taxi is governed under the Cross-Border Taxi Scheme (CBTS), which allows up to 200 licensed taxis from each side to operate between designated pick-up points — Ban San Street Terminal in Singapore and Larkin Sentral in Johor Bahru. Also on the meeting's agenda: updates on the Rapid Transit System (RTS) Link, which is on track to begin operations in Jan 2027. Officials discussed everything from construction progress to fare structures and synchronising bus schedules. There are even proposals to start cross-border buses earlier than the current 5am roll-out to help untangle the morning gridlock at the Causeway. So while the idea of seamless ride-hailing across borders may still be parked at the curb, the conversation is certainly moving. And in the realm of transport diplomacy, that's a ride worth watching. New KL to JB ETS route delayed again — 2025 launch unlikely, no new date confirmed The post Singapore LTA holds off on approving cross-border e-hailing with Johor appeared first on
