Category: Asia Focus

Singapore’s Temasek plans to open offices in Riyadh and Abu Dhabi in the first half of 2027, establishing its first physical presence in the Middle East as it steps up investment and partnerships across the region.

The Singapore state-owned investment company said on Wednesday that the two offices, subject to statutory approvals, would operate as strategic hubs for Temasek and its portfolio companies. Some portfolio companies are expected to co-locate at the new sites, giving them a base from which to

Singapore households will pay 10.4 per cent less for electricity from October after lower natural gas prices cut generation costs, reversing part of the record increase imposed in the third quarter.

The regulated household tariff will fall to 28.59 Singapore cents per kilowatt-hour before goods and services tax for October to December, from 31.91 cents in the July-September quarter, grid operator SP Group said on Wednesday. The reduction amounts to 3.32 cents per kWh.

Families living in four-room Housing Board flats are

Japan’s two-year government bond auction drew stronger-than-average demand on Wednesday as yields near three-decade highs encouraged investors to buy short-dated sovereign debt despite expectations that the Bank of Japan could tighten monetary policy further.

The sale of about ¥2.8 trillion of two-year Japanese government bonds attracted demand above its 12-month average, improving markedly from the weak August auction. The result suggested that higher yields are beginning to compensate investors for the risk of additional increases in official interest rates.

The two-year

China Securities has established a regional office in the Dubai International Financial Centre, giving the Beijing-headquartered investment bank a regulated base for serving clients, investors and financial institutions across the Middle East.

DIFC confirmed on Monday that the publicly listed securities firm had received a licence from the DIFC Authority and authorisation from the Dubai Financial Services Authority, the independent regulator overseeing financial services conducted in or from the centre.

The office extends China Securities’ international footprint and is intended to support

Singapore’s Temasek has acquired a 9% strategic minority stake in the management company of Milan-based private equity investor FSI, extending a longstanding investment relationship and committing additional capital to the firm’s future funds.

Financial terms of the transaction were not disclosed. The companies said on Monday that the partnership would combine FSI’s access to Italy’s mid-market businesses with Temasek’s sector expertise and international network, with a focus on helping companies expand into new markets.

FSI manages about €5 billion and concentrates on

Global government bond yields ended a turbulent week near multi-decade highs after a sharp sell-off pushed borrowing costs in the United States and Japan to levels unseen since before the global financial crisis.

The US 10-year Treasury yield eased to about 5.16% on Friday after touching 5.2297%, its highest level since 2007. The 30-year yield climbed as high as 5.5319%, a level last recorded in 2004, before retreating as falling oil prices offered bond markets some relief.

Japan experienced an equally striking

Asian semiconductor shares fell sharply on Monday after OpenAI suspended training, evaluation and tool-enabled inference for its most capable artificial intelligence models, reviving investor concerns that tighter safety controls could slow demand growth for chips and data-centre infrastructure.

South Korea's SK Hynix dropped about 4.8 per cent and Samsung Electronics lost roughly 4.6 per cent during the session, putting heavy pressure on the Kospi. The declines spread across major Asian semiconductor markets as investors reassessed expectations for spending linked to increasingly

China has placed another batch of low-Earth-orbit internet satellites into orbit after a Long March-8A rocket lifted off from Hainan, extending the build-out of the country’s state-backed satellite communications network.

The rocket launched at 9.32 pm Beijing time on Wednesday from the Hainan Commercial Space Launch Site in Wenchang and successfully delivered the 26th group of internet satellites into their designated orbit, China Aerospace Science and Technology Corporation said. Independent launch trackers identified the mission as carrying nine communications satellites for

Hong Kong is seeking to raise as much as HK$20 billion through a multi-currency digital green bond sale that could become the world’s largest transaction of its kind.

The government is considering an offering of about HK$15 billion to HK$20 billion across US dollar, Hong Kong dollar, euro and offshore renminbi tranches, according to people familiar with the planned transaction. Pricing could take place as early as Monday, after fixed-income investor meetings arranged this week.

The proposed deal would exceed the

Tencent Holdings has launched Hy Image 3.5 Preview, its latest image-generation model, expanding its push into generative artificial intelligence as competition intensifies with ByteDance and Alibaba Group.

The model supports text-to-image creation, image-to-image generation and multi-round editing, according to Tencent Cloud documentation published alongside the release. It can accept multimodal inputs combining text and reference images, preserve context across successive editing turns and produce images at resolutions of up to 4K.

Tencent said the model improves on Hy Image 3.0 in text

The yen weakened against the dollar on Monday as traders remained alert to possible intervention by Japan after sharp currency swings late last week, while the US currency held firm following a run of interest-rate increases and hawkish signals from major central banks.

The dollar rose about 0.2 per cent against the yen to around 157.20, with trading conditions thinner because Japanese markets were closed for a three-day holiday. The limited liquidity kept attention on whether authorities in Tokyo might act

South Korea’s central bank began a pilot of a 24-hour won settlement network on Monday, advancing preparations to give overseas investors broader access to the country’s currency market from next year.

The Bank of Korea said the Bank of Korea Won International Wire Network started trial operations at 9am local time with KB Kookmin Bank, Woori Bank, Hana Bank and Shinhan Bank participating. Two of the banks completed transactions worth about 1.4 billion won during the initial test, according to the

Asian share markets advanced on Monday as technology stocks rallied on continuing demand for artificial intelligence infrastructure, while crude oil prices fell as traders assessed stronger-than-expected energy flows from the Middle East.

South Korea and Taiwan led the regional gains, reflecting renewed buying in semiconductor companies tied to expanding demand for data centres, memory chips and advanced computing. South Korea’s Kospi rose about 1.4%, while Taiwan’s benchmark gained around 1% and reached a three-month high. MSCI’s broadest index of Asia-Pacific shares

Hong Kong has laid out a five-year programme to strengthen its established economic pillars while building new growth engines, with a gold-led commodity trading ecosystem among the centrepieces of its strategy through 2030.

Chief Executive John Lee’s 2026 Policy Address and the city’s first Five-Year Plan for Economic and Social Development set out measures covering finance, trade, shipping, aviation, innovation and technology, alongside efforts to attract capital, companies and skilled workers. The government said the programme is designed to reinforce Hong

Waymo will launch a fully autonomous ride-hailing service in Singapore in 2028, making the city-state its first Southeast Asian market as the Alphabet-owned company accelerates its international expansion.

The company said an initial fleet of all-electric Jaguar I-PACE vehicles will arrive in Singapore over the coming months, with preparations beginning before a phased testing programme in 2027. Trained autonomous specialists will initially drive the vehicles manually while Waymo maps roads and adapts its self-driving system to local conditions.

The programme will expose

Huawei Technologies has laid out plans to launch two new artificial intelligence processors in 2027, strengthening its push to supply the computing power China needs as US export controls restrict access to Nvidia’s most advanced chips.

Rotating chairman David Wang said at Huawei Connect 2026 in Shanghai on Thursday that the company plans to release the 960DT in the first quarter of 2027 and the Ascend 960PR in the third quarter. The roadmap places Huawei’s next generation of accelerators at the

South Korea will not slow its artificial intelligence drive, Deputy Prime Minister and Science and ICT Minister Bae Kyung-hoon said on Wednesday, arguing that the country must pair rapid development with stronger safeguards rather than curb the technology’s advance.

Bae said South Korea was still trying to close the gap with leading AI powers while creating new markets, making its position different from countries or companies at the technological frontier. “We cannot afford to slow down AI right now,” he wrote

Clinicians from Singapore and South Korea have called for more individualised, evidence-based postnatal care as women enter motherhood later, arguing that recovery plans should reflect each mother's health, delivery experience, family support and preferences.

The call emerged from DeRAMA Singapore's Joint Postnatal Recovery Seminar, held at The Singapore EDITION on August 17. Obstetrician and gynaecologist Dr Ho Ping Ling of Ascensus Health @ Mount Alvernia and Dr Park Jeong-mi, founder and medical director of Garden of Her Women's Clinic in South

Hong Kong has placed a global gold trading hub at the centre of its first five-year economic plan, using the market as an entry point to expand commodity trading and broaden international use of the renminbi.

The 2026-2030 plan, released on Wednesday, calls for an integrated gold ecosystem covering storage, trading, clearing, refining and related financial services, while encouraging more renminbi-denominated commodity products. The government said it would strengthen links with mainland exchanges and attract international investors as it develops the

China has pushed back against calls from leading US technology figures to slow frontier artificial intelligence development, sharpening differences over safety, access to advanced chips and technological competition before President Donald Trump and President Xi Jinping meet in Washington next week.

Foreign Ministry spokesman Guo Jiakun said on Monday that artificial intelligence was a consequential technology for humanity and should be developed openly and inclusively. Asked about calls from Dario Amodei, Sam Altman and Elon Musk for companies to slow

BRICS leaders have placed development priorities of emerging economies at the centre of their New Delhi agenda, endorsing stronger representation for the Global South while advancing cooperation on trade, technology, finance and sustainable growth.

Chinese President Xi Jinping used the 18th BRICS Summit to argue that countries should pursue development paths suited to their own national conditions, a message that overlapped with the summit’s broader emphasis on policy autonomy, inclusive growth and reform of global institutions.

Addressing the first leaders’ session on

China has showcased a fish-shaped autonomous underwater robot in Beijing, demonstrating biomimetic navigation technology that could support inspection, environmental monitoring, search operations and defence-related missions.

The BG-5 Golden Dragon Fish was demonstrated at the 2026 China International Fair for Trade in Services, held at Shougang Park from September 9 to 13. Developed by Boyagongdao Marine Technology Group, the robot is designed to resemble a golden arowana and propel itself through water with a flexible, multi-joint tail rather than a conventional propeller.

The

China’s online retailers have begun offering the iPhone 18 Pro at discounts of up to 900 yuan only two days after pre-orders opened, cutting the effective price of Apple’s new flagship below its official launch level before retail sales begin.

The 256GB iPhone 18 Pro was listed on Pinduoduo at 9,099 yuan on Monday after platform and store incentives, compared with Apple’s official mainland China price of 9,999 yuan. The reduction is being funded through retailer subsidies and coupons rather than

Beijing will ban the possession, storage and operation of recreational drones across the capital from November 15, tightening low-altitude security controls after a light aircraft crashed into the city’s tallest skyscraper in June.

The revised Beijing Unmanned Aircraft Management Regulations, approved by the municipal legislature this month, designate the entire municipality as controlled airspace and prohibit individuals and organisations from keeping drones or key components unless they fall within specified exemptions. Transporting or carrying such equipment into Beijing will also be