IMF Downgrades Asian Growth Forecasts Amid Trade Chaos
In a world where markets crave clarity, the latest forecast from the International Monetary Fund (IMF) reads more like a warning signal. On Tuesday, the IMF revised its 2025 economic growth projections for Asia’s powerhouse economies — and it wasn’t pretty. China’s GDP is now expected to grow at just
Samsung & LG Challenge India’s E-Waste Recycling Policy in Court
Two of South Korea’s tech titans — Samsung and LG — have taken India’s government to court, challenging a newly implemented e-waste recycling policy they say could severely impact their bottom lines. The companies have filed lawsuits in the Delhi High Court, aiming to overturn new rules that mandate higher
UMC Launches $5 Billion Chip Plant in Singapore
Taiwan’s second-largest chipmaker, United Microelectronics Corp (UMC), has just marked a major milestone by opening a cutting-edge semiconductor plant in Singapore. The new facility, worth a whopping $5 billion, is set to bolster UMC’s global production capacity amid a booming demand for advanced chips. Located in the Pasir Ris Wafer
Renault Takes Full Ownership of Indian JV with Nissan
Renault Group announced on Monday that it will acquire the remaining 51% stake in Renault Nissan Automotive India Private Ltd (RNAIPL), currently held by Nissan Motor Corp, making Renault the sole owner of the company. This move is part of an ongoing restructuring of their partnership. As part of the
Wikipedia Takes India’s Takedown Order to Supreme Court
The Wikimedia Foundation, which runs Wikipedia, has taken its fight for free speech to India’s Supreme Court. It is challenging an order that requires the online encyclopedia to remove a page discussing its legal battle with Indian news agency ANI. Wikimedia argues that complying with the directive would set a
BEAMS Lands in North America Plans to Open New Store
In the latest events, Japanese clothing brand BEAMS plans to expand its operations in North America. BEAMS America, a local subsidiary formed in partnership with Pacific Fashion Works, will manage the online store. With the launch of its webstore, the company is steadily expanding its presence in the North American
Japan’s Companies Worry About Trump’s Policies’ Impact
According to the Reuters survey, 9 out of 10 companies in Japan feel threatened by US President Donald Trump’s policies. Moreover, 73% of the Reuters survey respondents claimed that Trump’s second term in the white house would harm their business environment. Further, 86% of respondents believe Trump’s policy measures will
Synthetic Data: The Key to Unlocking Asia’s AI-Powered Economy
As Asia’s economy continues to surge ahead, the role of artificial intelligence (AI) in driving innovation, efficiency, and economic growth is becoming increasingly evident. However, a critical enabler of this transformation remains underappreciated: synthetic data. This revolutionary approach to generating data holds immense potential to address challenges inherent in traditional
It is Never Just Tech: Drive Maximum Value From Technology
Technology, which was earlier a luxury for businesses, has now become an essential part of their operations. Each year, businesses invest a significant amount in advanced technology to maximise their productivity and efficiency. According to Statista.com, in 2023, the software industry spent approximately 19% of its revenue on new technology,
ConocoPhillips Gets Sole Ownership of KBBC PSC
Petronas has transferred the sole ownership of Kababangan Cluster PSC or KBBC PSC to ConocoPhillips Sabah Gas Ltd., a ConocoPhillips Global subsidiary. Previously, the KBBC PSC was operated by Kebabangan Petroleum Operating Company Sdn Bhd,comprising some of the biggest oil companies in the world, such as Petronas Carigali Sdn Bhd,
