Asia
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Singapore has revised its GDP growth forecast for 69 upwards to 4.5-5.5%, benefiting from the AI boom.
Singapore has revised its 69 GDP growth forecast upwards to 4.5-5.5% from the previous 2-4%, following stronger-than-expected global AI investment and a 12.5% manufacturing growth in Q2. -
Taiwan conducts its first trial of reducing mobile internet speeds, practicing for readiness in the event of a communications system attack.
Taiwan simulated slowing down mobile internet for the first time during the 10-day Han Kuang military exercise, in preparation for potential attacks on its communications infrastructure should a conflict arise with China. -
Thousands of Indian youths stormed parliament to protest leaked exam questions and corruption in civil service exams. Police used water cannons to disperse the crowd.
Thousands of Indian youths stormed the parliament to protest leaked exam questions and corruption in civil service exams. Police used water cannons to disperse the crowd, reflecting widespread dissatisfaction with corruption and unemployment. -
Rising interest rates in Japan are shaking the insurance business, causing policy cancellations to surge 40%, exceeding 6 trillion yen.
Meiji Yasuda is monitoring policy cancellations as rising Japanese interest rates attract clients seeking higher-yielding assets, driving a 40% surge in policy cancellation payouts in the first five months, exceeding 6 trillion yen. -
North Korean hackers are upgrading their tactics, using AI to develop more sophisticated cyberattack tools and phishing attacks.
A South Korean cybersecurity company has discovered the Kimsuky hacker group, linked to North Korea, which develops AI to analyze data, create malware, and carry out automated cyberattacks. -
India's foreign exchange reserves surged for the fifth consecutive week, reaching $6.93 billion, nearing a new record high.
India's foreign exchange reserves increased by $1.05 billion in a single week to $6.929 billion, marking a continuous increase. -
Japanese executives signaled that an overly weak yen is not good news, after it hit 164 yen/dollar, pushing up import costs.
Japanese businesses are calling for currency stability after the yen weakened to its lowest level in 40 years. While this has boosted overseas earnings and exports, rising energy, raw material, and food costs are beginning to put pressure on the economy. -
Taiwan is poised to spend a record-breaking $3.41 billion on defense, exceeding 3% of GDP, in response to pressure from China.
Taiwan plans to increase its defense budget by 2570 to a record high of US$3.41 billion, more than 3% of GDP. -
Asia is changing the game to prop up its currencies and avoid burning through reserves after the Thai baht ranked among the top 5 worst performing currencies this year.
Asian currencies are changing the game to prop them up and avoid burning reserves, instead attracting US dollars and foreign capital inflows after the Thai baht ranked among the top 5 worst-performing currencies this year. -
India's foreign exchange reserves surged to $6.93 billion, poised to reach a new record of $7.30 billion in September.
India's foreign exchange reserves have increased for five consecutive weeks, following inflows of $4.08 billion under the RBI (Regional Financial Institution) measures. Analysts expect them to potentially reach $7.30 billion in September.
































