South Korea central bank sees upside inflation risk with a weaker won

South Korea central bank sees upside inflation risk with a weaker won

[SEOUL] South Korea’s central bank said on Wednesday (Dec 17) that headline inflation in 2026 could exceed earlier forecasts, if the won stays at its current level against the dollar. “If the KRW-USD exchange rate continues to stay at the current high level of around 1,470 won (S$1.28) throughout next year, the consumer-price growth rate…

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Thai central bank cuts policy rate by 25 bps, as expected

Thai central bank cuts policy rate by 25 bps, as expected

The reduction is the fifth since October 2024, with rates down by a total of 125 basis points [BANGKOK] Thailand’s central bank cut its key interest rate on Wednesday (Dec 17), as widely expected, as it looks to support a slowing economy grappling with multiple challenges including political uncertainty, a strengthening baht and US tariffs.…

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Singapore to pilot ‘overhang’ solar power structure, as it nears deployment target

Singapore to pilot ‘overhang’ solar power structure, as it nears deployment target

The Republic is more than halfway to its 2 GWp target, equivalent to the annual electricity needs of about 350,000 households [SINGAPORE] Industrial landlord JTC Corp on Wednesday (Dec 17) launched a tender to develop Singapore’s first “overhang” solar photovoltaic (PV) system – comprising large structures built across the spaces between multi-storey industrial buildings. The…

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Chip-sector linchpin Resonac seeks to tap China’s AI ambitions

Chip-sector linchpin Resonac seeks to tap China’s AI ambitions

Japan is home to a network of little-known companies that dominate in key materials that are indispensable for semiconductor manufacturing [HONG KONG] Semiconductor materials linchpin Resonac Holdings is eyeing solid growth from Beijing’s ambition to build its own chip industry, leaving the door open for further investment in China in the years ahead. Tokyo-based Resonac,…

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LSU, Lane Kiffin could land program-altering transfer QB

LSU, Lane Kiffin could land program-altering transfer QB

The LSU Tigers are entering a new era of football under the leadership of head coach Lane Kiffin. After making the decision to move on from Brian Kelly, LSU quickly zeroed in on Kiffin as its primary target in the coaching search. It took a lot of hard work, but the Tigers were able to…

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Tada commits S$1 million to put brakes on high-commission ride-hailing models

Tada commits S million to put brakes on high-commission ride-hailing models

The initiative aims to reverse falling driver earnings and rising ride-hail prices [SINGAPORE] Ride-hailing platform Tada is challenging rivals such as Grab and Gojek with a new S$1 million pilot initiative to help drivers reject high-commission platforms. The initiative, named Hotpot, seeks to pull drivers away from high-commission platforms that use algorithms which squeeze drivers’…

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Tada commits S$1 million to put brakes on high-commission models

Tada commits S million to put brakes on high-commission ride-hailing models

The initiative aims to reverse falling driver earnings and rising ride-hail prices [SINGAPORE] Ride-hailing platform Tada has set its sights on its rivals like Grab and GoJek with a new S$1 million pilot initiative to help drivers reject high-commission platforms. The initiative, named Hotpot, seeks to pull drivers away from high-commission platforms with algorithms that…

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Bessent sees one or two more Fed chair interviews this week

Bessent sees one or two more Fed chair interviews this week

Trump is slated to interview the central bank governor Chris Waller on Dec 17 for the chair job [WASHINGTON] Treasury Secretary Scott Bessent said there are one or two more interviews this week for the next chair of the US Federal Reserve, with a likely announcement by US President Donald Trump sometime in early January.…

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