Central banks in Asia are facing a catch-22 in 2025 as the relentless rise in the U.S. dollar has caused Asian currencies like the Japanese yen, South Korean won, Chinese yuan, and Indian rupee to hit multi-year lows. While a weaker currency could boost exports amidst threats of tariffs from President-elect Donald Trump, central banks must consider the impact on imported inflation and avoid speculative bets on prolonged currency weakness. Since Trump’s 2024 election win, the U.S. dollar has appreciated by 5.39%, complicating policymaking for Asian central banks.
Full Article
28 arrested, over S$610,000 seized in police raids on vice-related activities
Eight men and 20 women were arrested in Singapore for suspected involvement in vice-related offences during police raids across multiple locations. Authorities seized assets worth over S$610,000, including cash, luxury cars, and watches, while three men will face charges under the Women’s Charter for facilitating an online vice syndicate. Want More Context? 🔎
Read more