Latest news with #USD5
The Sun
26-05-2025
- Business
- The Sun
Malaysia, Indonesia to lead establishment of ASEAN Halal Council
KUALA LUMPUR: Malaysia and Indonesia are set to lead the establishment of the ASEAN Halal Council to position the bloc as a global model for the halal industry, built on high standards and integrity, and to emerge as a competitive, inclusive and sustainable global halal hub, said Datuk Seri Dr Ahmad Zahid Hamidi. The Deputy Prime Minister said that with the global halal market projected to reach USD5 trillion (USD1 = RM4.22) by 2030, ASEAN must emerge as a leader in developing a complementary and competitive regional halal ecosystem. Ahmad Zahid, who also chairs the Halal Industry Development Council of Malaysia, said both countries had agreed to jointly spearhead the formation of the ASEAN Halal Council this year. 'This will serve as a strategic platform to systematically align halal policies, standards and regulations among ASEAN countries. We are strongly committed to elevating halal cooperation to a higher level, focusing on strengthening the position of both countries' halal products in regional and global markets. 'This collaboration will also be a testament to the success of Malaysia's 'Halal Diplomacy' in strengthening the national halal brand globally,' he said in a statement following a strategic meeting with Indonesia's head of the Halal Product Assurance Organising Agency (BPJPH), Haikal Hassan Baras, on the sidelines of the 46th ASEAN Summit here today. Ahmad Zahid said Malaysia and Indonesia would intensify joint efforts in halal certification, education, research and halal workforce development. He said Malaysia also fully supports expert exchange programmes, joint training and collaborative research to strengthen the ASEAN halal value chain. Both countries also agreed to expand halal trade by easing market access for halal products and enhancing mutual recognition of halal certification. 'This move will facilitate smoother and more industry-friendly halal trade flows, while supporting the growth of intra-ASEAN trade. It is expected to have a positive impact on halal market demand in ASEAN, which comprises nearly 700 million people,' he said. Ahmad Zahid noted that the meeting was a continuation of his recent official visit to Indonesia, which marked the beginning of deeper collaboration between the two nations in leading the development of the regional halal industry.
Barnama
26-05-2025
- Business
- Barnama
Malaysia, Indonesia To Lead Establishment Of ASEAN Halal Council
KUALA LUMPUR, May 26 (Bernama) -- Malaysia and Indonesia are set to lead the establishment of the ASEAN Halal Council to position the bloc as a global model for the halal industry, built on high standards and integrity, and to emerge as a competitive, inclusive and sustainable global halal hub, said Datuk Seri Dr Ahmad Zahid Hamidi. The Deputy Prime Minister said that with the global halal market projected to reach USD5 trillion (USD1 = RM4.22) by 2030, ASEAN must emerge as a leader in developing a complementary and competitive regional halal ecosystem. Ahmad Zahid, who also chairs the Halal Industry Development Council of Malaysia, said both countries had agreed to jointly spearhead the formation of the ASEAN Halal Council this year. 'This will serve as a strategic platform to systematically align halal policies, standards and regulations among ASEAN countries. We are strongly committed to elevating halal cooperation to a higher level, focusing on strengthening the position of both countries' halal products in regional and global markets. 'This collaboration will also be a testament to the success of Malaysia's 'Halal Diplomacy' in strengthening the national halal brand globally,' he said in a statement following a strategic meeting with Indonesia's head of the Halal Product Assurance Organising Agency (BPJPH), Haikal Hassan Baras, on the sidelines of the 46th ASEAN Summit here today. Ahmad Zahid said Malaysia and Indonesia would intensify joint efforts in halal certification, education, research and halal workforce development. He said Malaysia also fully supports expert exchange programmes, joint training and collaborative research to strengthen the ASEAN halal value chain. Both countries also agreed to expand halal trade by easing market access for halal products and enhancing mutual recognition of halal certification. 'This move will facilitate smoother and more industry-friendly halal trade flows, while supporting the growth of intra-ASEAN trade. It is expected to have a positive impact on halal market demand in ASEAN, which comprises nearly 700 million people,' he said.
Hypebeast
19-05-2025
- Business
- Hypebeast
The World's Top 10 Highest Paid Athletes of 2025
Summary Forbes' annual list of the world's highest-paid athletes for 2025 showcases the titans who have conquered their sports and captivated global audiences, their earnings soaring from record-breaking performances, lucrative endorsements and savvy business ventures. This year's ranking is a testament to the diverse landscape of global sports. Familiar faces continue to dominate, their established legacies attracting massive sponsorship deals and commanding top salaries. The reigning champions of basketball, football (both American and global), and more highlights their on-field or on-court brilliance directly fueling their off-field earnings. Leading the pack isCristiano Ronaldoat $275 million USD, making $225 million USD on-field and $50 million USD off. Coming behind Ronaldo is the greatest shooter in the world,Stephen Currywith $156 million USD ($56 million USD on-field, $100 million USD off-field). The Golden State Warriors guard became the first NBA player to reach 4,000 career 3-pointers back in March. In third is UK'sTyson Furyrepresenting the boxing world with $146 million USD. Others after Fury include NFL's Dak Prescott, Lionel Messi, LeBron James, Juan Soto, Karim Benzema, Shohei Ohtani and Kevin Durant. The top 10 showing span across the NBA, NFL, MLB, Boxing, MLS and more. Notably, the top 10 does not include any women, demonstrating that there is still a lot to be done in pay equality in women's sports. The 2025 list also highlights the growing influence of emerging sports and the power of individual brand building. These athletes have cultivated massive social media followings, launched successful businesses, and strategically partnered with global brands, demonstrating that athletic prowess is just one piece of the financial pie. This list offers a fascinating glimpse into the intersection of sports, celebrity, and big business, showcasing the individuals who have truly hit the jackpot in the world of athletics. 1. Cristiano Ronaldo – $275 Million USD2. Stephen Curry – $156 Million USD3. Tyson Fury – $146 Million USD4. Dak Prescott – $137 Million USD5. Lionel Messi – $137 Million USD6. LeBron James – $133.8 Million USD7. Juan Soto – $114 Million USD8. Karim Benzema – $104 Million USD9. Shohei Ohtani – $102.5 Million USD10. Kevin Durant – $101.4 Million USD
Roya News
13-05-2025
- Business
- Roya News
Trump secures historic $600 billion Saudi investment: White House
The White House announced a USD 600 billion investment commitment from Saudi Arabia during President Donald J. Trump state visit to Riyadh, marking a new era of economic partnership between the two nations. The announcement, detailed in a White House fact sheet titled "President Donald J. Trump Secures Historic USD 600 Billion Investment Commitment in Saudi Arabia," underscores the deepening strategic alliance forged during the Saudi-US Investment Forum at the King Abdulaziz International Conference Center. The deals, described as the largest set of commercial agreements in the history of US-Saudi relations, aim to bolster energy security, defense, technology, and infrastructure while creating high-quality jobs across the United States. Transformative economic partnership The White House highlighted that the agreements, secured in just four months, reflect President Trump's America First Trade and Investment Policy, prioritizing American workers, national security, and economic dominance. 'The deals celebrated today are historic and transformative for both countries and represent a new golden era of partnership,' the White House stated. Key deals include: DataVolt's USD20 Billion Investment: Saudi-based DataVolt will invest USD20 billion in AI data centers and energy infrastructure in the US, advancing technological innovation. Tech Giants' USD80 Billion Commitment: Companies like Google, Oracle, Salesforce, AMD, and Uber pledged USD80 billion to develop cutting-edge technologies in both nations, reinforcing US leadership in AI and digital infrastructure. Infrastructure Exports: US firms Hill International, Jacobs, Parsons, and AECOM secured USD2 billion in contracts for Saudi mega-projects like King Salman International Airport, King Salman Park, The Vault, and Qiddiya City, boosting US service exports. Energy and Aviation Deals: GE Vernova will supply USD14.2 billion in gas turbines and energy solutions, while Boeing secured a USD4.8 billion deal for 737-8 aircraft for Saudi's AviLease. Healthcare Investment: Shamekh IV Solutions, LLC will invest USD5.8 billion, including a Michigan-based IV fluid facility, enhancing US healthcare infrastructure. Sector-Specific Funds: Saudi Arabia committed to a USD5 billion Energy Investment Fund, a USD5 billion Aerospace and Defense Technology Fund, and a USD4 billion Global Sports Fund, channeling capital into US industries. Historic Defense Agreement: The largest defense sales deal in US history, valued at nearly USD142 billion, will provide Saudi Arabia with advanced warfighting equipment, training, and support across air force, missile defense, maritime security, border security, and communications systems. The White House fact sheet emphasized the enduring US-Saudi partnership, with Saudi Arabia as one of America's largest Middle East trading partners. In 2024, bilateral goods trade reached USD 25.9 billion, with a US trade surplus of USD 443 million. Saudi direct investment in the US totaled USD 9.5 billion in 2023, focused on transportation, real estate, and automotive sectors. The Kingdom remains the US's largest Foreign Military Sales partner, with active cases valued at over USD 129 billion. New agreements signed during the visit: Energy Collaboration: The US Department of Energy and Saudi Ministry of Energy agreed to innovate and deploy energy infrastructure, building on their strong relationship. Critical Minerals Partnership: A Memorandum of Cooperation between the US Department of Energy and Saudi Ministry of Industry and Mineral Resources aims to diversify and strengthen critical mineral supply chains. Space Exploration: NASA and the Saudi Space Agency signed an agreement for a Saudi CubeSat to fly on NASA's Artemis II mission, measuring space weather in high Earth orbit. Air Transport Modernization: An updated Air Transport Agreement allows US and Saudi airlines to carry cargo between their countries and third destinations without intermediate stops, enhancing cargo hub operations. Cultural and Conservation Initiatives: The Smithsonian Institution signed agreements with the Royal Commission for AlUla for collaborative research, an exhibition on ancient Dadan artifacts, and a National Zoo exhibit to support the conservation of the endangered Arabian leopard. Trump's Deal-Making Legacy The White House hailed President Trump as the 'dealmaker in chief,' noting that the USD 600 billion package builds on his 2017 success in securing billions in US-Saudi commercial deals. The announcement follows a US-UK trade agreement just one week prior, further showcasing Trump's commitment to fair trade and American prosperity. 'President Trump is delivering on his promise to Make America Great Again by catalyzing investment and negotiating fair trade deals,' the fact sheet stated, emphasizing the creation of jobs and opportunities across both nations.
Sinar Daily
30-04-2025
- Business
- Sinar Daily
O'Reilly takes another swipe at Malaysia, this time with income comparison
His recent remarks made on TikTok stated that Malaysia's household income per capita stands at USD5,731 (RM25,061) per year, while the US records USD42,220 (RM184,628). According to O'Reilly's recent remarks made on TikTok, Malaysia's household income per capita stands at USD5,731 (RM25,061) per year, while the US records USD42,220 (RM184,628). SHAH ALAM - American conservative commentator, Bill O'Reilly, has once again targeted Malaysia by comparing the household income per capita between the country and the United States (US), suggesting that Malaysia is eight times poorer than the United States. O'Reilly's recent remarks made on TikTok stated that Malaysia's household income per capita stands at USD5,731 (RM25,061) per year, while the US records USD42,220 (RM184,628). "That figure makes it an eightfold difference. "Malaysia is angry with me, this is a ridiculous story," he said. Previously, Prime Minister Datuk Seri Anwar Ibrahim had slammed O'Reilly's remarks in which he claimed that Southeast Asia has 'no money,' describing the statement as arrogant and ignorant. Anwar, who also serves as the Finance Minister, said the statement not only demonstrated O'Reilly's ignorance of Southeast Asia's current reality but also reflected a narrow mindset shaped by racism and colonial ideology. O'Reilly, however, admitted to his worldview, stating that he identifies as a coloniser. More Like This
