Category: Asia Focus

Singapore’s government will not intervene in Singapore Airlines’ decisions on whether to provide further capital to Air India, Senior Minister K. Shanmugam said on Saturday, stressing that commercial judgments must remain with the carrier’s board and management.

Shanmugam, who is also Coordinating Minister for National Security and Home Affairs Minister, said the government maintains a strict principle of not directing individual investment decisions by Temasek portfolio companies. Singapore Airlines, rather than state investor Temasek, is the shareholder in Air India and

DeepSeek is planning to install at least 160,000 Huawei Ascend 950DT artificial intelligence accelerators at a new data centre in Inner Mongolia, a deployment that could become one of the largest known clusters built around Huawei’s advanced AI processors.

The Hangzhou-based AI developer is expected to use the chips primarily for inference, the process of running trained models and generating responses, rather than for the more computing-intensive task of training frontier systems. DeepSeek continues to rely on Nvidia accelerators for training,

The yen remained on course for its strongest weekly advance in more than a month on Friday, while the dollar gave back much of an initial jump after stronger-than-expected US employment data lifted expectations of a Federal Reserve rate increase this month.

The Japanese currency traded around 155.7 per dollar after a volatile session, having surged sharply earlier in the week as investors increased bets that the Bank of Japan could tighten policy faster than previously anticipated. The move brought the

A Japanese industry consortium has begun full operations at a shared humanoid-robot training facility in Chiba Prefecture, pooling costly equipment, staff and industrial data to accelerate factory and logistics automation.

J-HRTI, short for Japan Humanoid Robot Training & Implementation, opened its Kanto Data Factory in Narashino on August 26 with 35 humanoid robots across about 1,400 square metres. The centre can expand to 40 machines and is designed to generate, label and test the physical data needed to train robots for

China’s data industry expanded to 6.78 trillion yuan in 2025, registering 15.7 per cent annual growth as artificial intelligence drove demand for specialised datasets, software and data-processing services.

Figures unveiled at the 2026 China International Big Data Industry Expo in Guiyang, Guizhou province, showed that data-related software products, including AI application software, and data-resource products involving token services generated a combined 4.99 trillion yuan. The two categories accounted for 73.6 per cent of the industry’s total output, underlining the growing commercial

Forest City Special Financial Zone has clarified that its incentive for qualifying fintech and technology-enabled financial services is a 5% corporate tax rate rather than a blanket tax exemption, drawing a distinction between the Johor-based programme and Malaysia’s separate national digital incentives.

The clarification sets out the eligibility framework for companies considering operations in Pulau 1 of Forest City, where qualifying fintech businesses, Financial Global Business Services operations and foreign-owned payment system operators can apply for the special rate. The incentive

Asian equities traded cautiously on Friday as South Korea’s Kospi fell sharply, with investors cutting exposure to heavyweight technology stocks ahead of Federal Reserve Chair Kevin Warsh’s closely watched Jackson Hole address.

The Kospi closed 1.79% lower at 6,788.88, shedding 123.49 points and snapping a three-session advance. Samsung Electronics dropped 3.38% to 257,000 won, while SK hynix fell 4.45% to 1.653 million won as investors locked in gains following an earlier technology rally fuelled by strong results from Nvidia. Foreign and

Singapore is preparing to provide almost S$70,000, or nearly Dh200,000, in direct financial support for every citizen child as it confronts a record collapse in fertility and mounting pressure from an ageing population.

The new SG Child Support Package will extend government assistance from birth through age 17, replacing a system that concentrates much of its financial help around a child’s early years. Payments under the redesigned framework are scheduled to begin in April 2027.

Prime Minister Lawrence Wong unveiled the package

Alibaba Group Holding’s powerful insiders have stepped in to buy shares after its $10.2 billion equity placement, but their show of confidence has done little to settle investor unease over dilution and the rising cost of the company’s artificial intelligence ambitions.

Founder Jack Ma bought more than HK$600 million worth of Alibaba’s Hong Kong-listed shares over consecutive trading days, while chairman Joe Tsai and chief executive Eddie Wu together purchased more than HK$200 million of stock. The buying helped shares

Alibaba Cloud has opened its third data centre in South Korea, increasing local computing capacity as businesses accelerate investment in artificial intelligence, cloud applications and data-intensive services.

The facility, launched on August 18, expands the company’s Korea region only about 14 months after its second data centre began operating. Alibaba Cloud established its first South Korean data centre in 2022 after entering the market in 2016, reflecting a faster infrastructure build-out as demand for generative AI and enterprise AI agents increases.

The

Standard Chartered has become the first bank to distribute a regulated Hong Kong dollar stablecoin, opening access to Anchorpoint Financial’s HKDAP for eligible institutional clients and partners as Hong Kong pushes tokenised money deeper into mainstream financial services.

The London-headquartered banking group said it will help qualifying customers integrate HKDAP into financial and commercial operations. Planned applications include money-market fund subscriptions, settlements with asset managers, transfers between entities within the bank’s international network and cross-border payments.

The move gives HKDAP a major

Malaysia’s palm oil research agency is advancing a bio-based immersion coolant for data centres as the country searches for ways to curb the heavy water and electricity demands created by its fast-growing artificial intelligence infrastructure.

The Malaysian Palm Oil Board has developed Sawit EcoTherm, a non-conductive dielectric fluid made largely from palm-derived materials that allows servers and other computing components to be immersed directly in coolant. The technology eliminates the need for conventional evaporative cooling towers and is being positioned for

President Donald Trump has ordered a substantial reduction in US military exercises with South Korea, linking the decision to Seoul’s refusal to support Washington’s campaign against Iran and his effort to preserve diplomatic space with North Korean leader Kim Jong Un.

Trump instructed Defence Secretary Pete Hegseth to scale down the annual Ulchi Freedom Shield exercises just hours before the drills were due to begin on Monday. The 11-day exercise, involving about 18,000 South Korean troops, nevertheless started as scheduled as

China’s yuan is facing stronger appreciation pressure after coordinated US-Japan action lifted the yen and rippled through Asian currency markets, complicating Beijing’s efforts to support an economy where export strength contrasts with weak domestic demand.

The yuan has gained about 3.6 per cent against the dollar this year, making it one of Asia’s strongest-performing currencies. The advance has persisted despite falling Chinese government bond yields and a widening yield disadvantage against US Treasuries, conditions that would normally encourage capital to

Nintendo will begin officially selling the Nintendo Switch 2 and original Switch in Indonesia in December, giving the Japanese games company its first direct hardware presence in Southeast Asia’s largest economy while leaving a significant gap in its digital offering.

The December 2026 launch was announced by Nintendo executive officer Juro Takeuchi at a business conference in Jakarta. Distribution will be handled by PT Nusantara Interactive Niaga, part of the Salim Group, with Nintendo’s Singapore operation involved in the market

Taiwan’s cabinet is preparing to raise defence spending by about 16 per cent in 2027, pushing total security-related expenditure above NT$1 trillion for the first time as Taipei accelerates military modernisation amid sustained pressure from Beijing.

The proposed allocation is expected to exceed NT$1.1 trillion, or roughly US$34 billion, when broader defence-related spending is included. The package is due to be unveiled on August 20 and will cover the armed forces as well as expenditure linked to the coast guard,

SK Hynix shares briefly plunged by the daily limit in pre-market trading on Thursday, marking the chipmaker’s second near-30% flash crash on Nextrade within about ten days and intensifying scrutiny of thin liquidity on South Korea’s alternative stock exchange.

Eleven shares changed hands at 1.168 million won each at 8 am Seoul time on August 6, about 30% below the previous Korea Exchange closing price. The stock quickly recovered most of the loss and ended Nextrade’s 50-minute pre-market session down roughly

Chinese optical-component shares fell sharply on Wednesday after reports that Washington is preparing restrictions on data-centre equipment from China, raising fresh concerns over access to the world’s largest artificial intelligence infrastructure market.

Zhongji Innolight dropped about 10% in both Shanghai and Hong Kong, while Eoptolink Technology also lost 10%. Suzhou TFC Optical Communication declined roughly 6%. The CSI 300 Telecommunication Services Index fell as much as 9% during early trading before trimming some losses.

The sell-off followed disclosures that the administration of

Singapore’s government has defended plans to develop housing at Maju Forest and Gillman Barracks while assuring lawmakers that the proposed layouts remain open to changes aimed at protecting greenery, wildlife corridors and heritage buildings.

The debate in Parliament on Tuesday followed public opposition to proposals that could involve clearing about 15 hectares of Maju Forest at Sunset Way and at least 10 hectares of forest around Gillman Barracks. Eighteen parliamentary questions were raised, with lawmakers pressing the government on alternative sites,

Hong Kong is heading towards its wettest July since 1997 after weeks of persistent downpours, tropical cyclone activity and unstable low-pressure systems pushed rainfall far above the long-term average.

Rain measured at the Hong Kong Observatory’s headquarters had already exceeded the normal July total before the final third of the month. Further heavy showers linked to Typhoon Noul and moist south-westerly air lifted the cumulative figure closer to levels last recorded nearly three decades ago.

The territory received 474.7 millimetres of rain

Tokyo’s Nikkei 225 fell sharply on Wednesday as investors cut exposure to semiconductor and artificial intelligence-linked shares, extending a technology sell-off that swept through major Asian markets.

The benchmark closed at 61,434.19, down 930.73 points, or 1.49%, after briefly dropping to 60,448.90. The index moved through a range of almost 2,700 points, having reached a session high of 63,138.04 during early trading.

The intraday slide from the high exceeded 1,700 points, reflecting unusually volatile trading rather than a fall of that size

Singapore’s central bank has warned that any sharp pullback in artificial intelligence investment could weaken global growth, disrupt semiconductor demand and trigger turbulence across financial markets.

The Monetary Authority of Singapore said uncertainty over whether companies can sustain vast spending on data centres, advanced chips and computing infrastructure has become a significant risk to the economic outlook. The warning reflects growing scrutiny of whether revenue generated by AI services can justify the scale of capital committed by technology groups.

MAS Managing Director

Prime Minister Sanae Takaichi’s falling public support is sharpening investor concern that her government may respond with tax cuts and heavier spending, adding pressure on the yen and Japan’s government bond market.

A July poll showed approval for Takaichi’s Cabinet dropping to 57% from 69% in June, as households grew more dissatisfied with rising living costs. Other surveys have also pointed to weakening support, though the level varies considerably among polling organisations.

The decline has placed greater scrutiny on the government’s economic

Chou Tien-chen became the oldest player to win a BWF World Tour Super 1000 title after overcoming France’s Toma Junior Popov in a demanding three-game China Open final in Changzhou.

The 36-year-old from Taiwan secured the men’s singles championship 21-15, 7-21, 21-13 on Sunday, combining controlled aggression with the stamina that has sustained his career among badminton’s leading players for more than a decade.

Chou recovered from a one-sided second game to regain command in the decider. He slowed Popov’s attacking rhythm,