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WORLD

Ukraine is promised 1 million drones within a year

Bloomberg News, Published on 16/02/2024

» KYIV - A coalition of allies aims to deliver 1 million drones to Ukraine within a year, as the country struggles to cope with ammunition shortages and a funding fight in Washington.

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WORLD

Philippines won't back down on sea claims

Bloomberg News, Published on 15/02/2024

» MANILA - The Philippines is committed to asserting its claims in the South China Sea even as it aims to manage disputes through peaceful means, its top diplomat said.

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PROPERTY

Singapore home sales off to slowest start since 2009

Bloomberg News, Published on 15/02/2024

» SINGAPORE - Singapore home sales posted the weakest January sales since 2009, adding to signs that the property boom is fading.

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THAILAND

Govt plans policy blitzkrieg to boost birth rate from seven-decade low

Bloomberg News, Published on 14/02/2024

» The government plans to amend laws to make it easier for single parents and members of the 2SLGBTQIA+ community to have children and offer infertility treatment through state hospitals as part of a campaign to reverse a decline in birth rate to a seven-decade low.

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WORLD

North Korea fires barrage of cruise missiles

Bloomberg News, Published on 14/02/2024

» SEOUL - North Korea fired multiple cruise missiles toward waters off its east coast on Wednesday for its fifth such barrage in the past several weeks, ratcheting up security concerns in the region.

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INVESTMENT

Bitcoin surges to $50,000 for first time since 2021

Bloomberg News, Published on 13/02/2024

» BOSTON - Bitcoin hovered around US$50,000 after briefly scaling the closely watched level for the first time in over two years, a remarkable comeback from the crypto scandals and wipeouts that cast doubt on the industry's viability.

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GENERAL

Central bank 'open' to easing if economic weakness drags

Bloomberg News, Published on 09/02/2024

» A top Thai monetary policymaker said the Bank of Thailand (BoT) is willing to lower borrowing costs if it is convinced that the weakness in the economy is persistent and not transitory.

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MOTORING

Tesla sold only one car in Korea in January

Bloomberg News, Published on 07/02/2024

» SEOUL - Tesla Inc sold just one electric vehicle (EV) in South Korea in January as a raft of headwinds, from safety concerns to price and a lack of charging infrastructure, weigh on demand.

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TECH

Singapore builds AI model to 'represent' Southeast Asians

Bloomberg News, Published on 08/02/2024

» SINGAPORE - Like millions worldwide, Southeast Asians have been trying out large language models (LLMs) such as Meta's Llama 2 and Mistral AI - but in their native Bahasa Indonesia or Thai. The result has usually been gibberish in English.

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GENERAL

Singaporeans flock to Malaysia for bargains as dollar hits record high

Bloomberg News, Published on 08/02/2024

» SINGAPORE - Carman Lee is back in Ipoh, her hometown in northwestern Malaysia, after a seven-and-half hour bus ride from Singapore for the upcoming Lunar New Year. The Westin Singapore employee has another reason to celebrate this festive season: an all-time high local dollar that makes everything that much cheaper against the ringgit.