Latest news with #BoeingCompany
Bloomberg
a day ago
- Business
- Bloomberg
Boeing Says New Model to Replace 737 Max Not a Priority: FT
Launching a new aircraft to replace the best-selling Boeing 737 Max isn't an immediate priority, the aircraft manufacturer's Chief Executive Officer Kelly Ortberg told the Financial Times in an interview. The market isn't ready for the model, he said, adding that Boeing is also not currently in a financial position to invest in the development of new planes.
The Sun
2 days ago
- Business
- The Sun
Economic openness vital for regional stability, prosperity
SINGAPORE: Prime Minister Datuk Seri Anwar Ibrahim has underscored the importance of maintaining economic openness in Southeast Asia, saying that it has long served as a foundation for regional prosperity, political stability, and cohesion. Delivering his remarks at the 22nd Shangri-La Dialogue here, Anwar said economic openness is not only a pathway to growth but also a stabilising force in international relations. 'It is a source of equilibrium, both between nations and within them, to address pressing issues such as poverty, social inequities, or even the digital divide. 'Open markets create the kind of mutual exposure between nations that encourages caution, not confrontation,' he said. The prime minister cautioned that disruptions to economic openness could undermine investor confidence and destabilise financial flows. He noted that ASEAN leaders have expressed concern over the growing threat of unilateral actions, retaliatory tariffs, and the risk of global economic fragmentation. The ASEAN leaders' statement on global economic and trade uncertainty also reaffirmed ASEAN's commitment to an open, predictable, and rules-based trading system -- not out of convenience, but because it is 'existential.' Anwar noted that, as open and export-driven economies like Malaysia, any fragmented trade can result in increased costs, lower resilience, and depressed investment. 'Currency volatility and investor flight do not respect borders. And disruptions in energy, food or critical minerals cascade quickly through societies,' he said. The Shangri-La Dialogue, a premier defence and security conference in the Asia-Pacific region, features participation from 47 countries, including 40 ministerial-level delegates, 20 chiefs of defence forces, over 20 senior defence officials, and leading academics from across the region. Earlier, Anwar also met with United States Defence Secretary Pete Hegseth as well as Boeing Global president and Boeing Company senior vice president Brendan Nelson on the sidelines of the dialogue.
Malaysian Reserve
2 days ago
- Business
- Malaysian Reserve
PM Anwar: Economic openness vital for regional stability, prosperity
SINGAPORE — Prime Minister Datuk Seri Anwar Ibrahim has underscored the importance of maintaining economic openness in Southeast Asia, saying that it has long served as a foundation for regional prosperity, political stability, and cohesion. Delivering his remarks at the 22nd Shangri-La Dialogue here, Anwar said economic openness is not only a pathway to growth but also a stabilising force in international relations. 'It is a source of equilibrium, both between nations and within them, to address pressing issues such as poverty, social inequities, or even the digital divide. 'Open markets create the kind of mutual exposure between nations that encourages caution, not confrontation,' he said. The prime minister cautioned that disruptions to economic openness could undermine investor confidence and destabilise financial flows. He noted that ASEAN leaders have expressed concern over the growing threat of unilateral actions, retaliatory tariffs, and the risk of global economic fragmentation. The ASEAN leaders' statement on global economic and trade uncertainty also reaffirmed ASEAN's commitment to an open, predictable, and rules-based trading system — not out of convenience, but because it is 'existential.' Anwar noted that, as open and export-driven economies like Malaysia, any fragmented trade can result in increased costs, lower resilience, and depressed investment. 'Currency volatility and investor flight do not respect borders. And disruptions in energy, food or critical minerals cascade quickly through societies,' he said. The Shangri-La Dialogue, a premier defence and security conference in the Asia-Pacific region, features participation from 47 countries, including 40 ministerial-level delegates, 20 chiefs of defence forces, over 20 senior defence officials, and leading academics from across the region. Earlier, Anwar also met with United States Defence Secretary Pete Hegseth as well as Boeing Global president and Boeing Company senior vice president Brendan Nelson on the sidelines of the dialogue. — BERNAMA
The Star
2 days ago
- Politics
- The Star
Anwar arrives in Singapore for Shangri-La dialogue
SINGAPORE: Datuk Seri Anwar Ibrahim has arrived in Singapore for a one-day working visit to participate in the 22nd Shangri-La Dialogue (SLD), the premier defence and security conference in the Asia-Pacific region. The aircraft carrying the Prime Minister touched down at Singapore's Changi Airport at 11.39am Saturday (May 31). He will proceed to the Shangri-La Hotel on Orange Grove Road, where he is scheduled to deliver a special address at 2:45pm. Prior to that, the Prime Minister is scheduled to receive a courtesy call from US Defence Secretary Pete Hegseth. Anwar will also meet Boeing Global president and Boeing Company senior vice-president Dr Brendan Nelson on the sidelines of the dialogue. Defence Minister Datuk Seri Mohamed Khaled Nordin has been in Singapore since Friday (May 30) to attend the dialogue. The three-day 22nd SLD, which began on Friday, features participation from 47 countries, including 40 ministerial-level delegates, 20 chiefs of defence forces, over 20 senior defence officials, and leading academics from across the region. During his visit, Anwar will also hold a bilateral meeting with his Singaporean counterpart, Prime Minister Lawrence Wong. The two leaders are expected to review the state of Malaysia-Singapore relations and exchange views on regional and global developments of mutual concern. Anwar is also scheduled to pay a courtesy call on Singapore President Tharman Shanmugaratnam at the Istana. - Bernama
Reuters
4 days ago
- Business
- Reuters
US FAA extends Boeing regulatory delegation program by three years
WASHINGTON, May 29 (Reuters) - The U.S. Federal Aviation Administration on Thursday said it would extend by three years a program that allows Boeing to perform some tasks on the agency's behalf. In May 2022, the agency agreed to renew Boeing's Organization Designation Authorization program for three years rather than the five years Boeing had asked for. The FAA said Thursday before the decision to again extend the program that "FAA closely monitored specific criteria and saw improvements in most areas." The agency added it "will continue to closely monitor Boeing's performance throughout its renewal period."
