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Tuesday, 26-8-25 17:40:37

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Obama to nominate McSweeny to U.S. Federal Trade Commission

President Barack Obama plans to nominate Terrell McSweeny, a veteran of Vice President Joe Biden's staff, to be a commissioner on the Federal Trade Commission, the White House said on Friday.

McSweeny, now chief counsel for competition policy at the Justice Department's antitrust division, would fill a Democratic slot on the five-member commission, which enforces antitrust law and laws against deceptive advertising.

The FTC normally has five commissioners, and no more than three can be from the same party.

The current vacancy was created when Edith Ramirez, a law school classmate of Obama and a Democrat, was elevated to the chairmanship after Jon Leibowitz departed in February.

The commission's other Democrat is Julie Brill. Rounding out the group are Republicans Maureen Ohlhausen and Joshua Wright.

The position requires Senate confirmation.

Because of the vacancy, there has been concern about deadlocks leading to inaction. In the case of a 2-2 vote by commissioners, the FTC takes no action.

The commission is in the process of considering several key mergers, including the proposed Office Depot Inc deal to buy rival OfficeMax Inc ; and the television ratings company Nielsen Holdings NV plan to buy Arbitron Inc , which dominates radio ratings.

(TTO)

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Malaysia launches ASEAN startup platform

Malaysia’s Ministry of Science, Technology and Innovation on June 25 officially launched “Startup ASEAN”,

ASEAN steps up terrorism fight in digital age

The Southeast Asia Regional Centre for Counter‑Terrorism (SEARCCT) under Malaysia's Ministry of Foreign Affairs held an international conference in Kuala Lumpur on June 24

Singapore's core inflation falls in May

Singapore’s core inflation and overall inflation are projected to average between 0.5% and 1.5% this year.

Indonesia concludes FTA talks with Eurasian Economic Union

Indonesia and the Eurasian Economic Union (EAEU) have officially concluded negotiations on a free trade agreement (FTA), aiming to sign the deal later this year,

ASEAN education ministers agree on joint statement on student dropout

The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges"

ASEAN reaffirms commitment to advancing green energy agenda

The 43rd ASEAN Senior Officials Meeting on Energy (SOME), held from June 16–18, marked a significant milestone as member states reached consensus on key strategic agendas

Indonesia to start operating first ocean power plant in 2028

The project is planned to be developed in two phases with each phase of 20 MW in East Nusa Tenggara and West Nusa Tenggara.

ASEAN identified as strategic partner of Argentina

In 2023, trade turnover between Argentina and ASEAN exceeded 9 billion USD, with Argentina

Leaders extend congratulations on Russia Day

General Secretary of the Communist Party of Vietnam Central Committee To Lam and State President Luong Cuong on June 12 cabled their messages of congratulations to Russian President Vladimir Putin on the occasion of Russia Day (June 12, 1990).

Indonesia aims to stop corn imports in 2026

President Prabowo noted that in 2024, the country imported around 500,000 tonnes of corn.

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