Asia-Pacific stocks had a strong performance in 2024, with major markets like Taiwan’s Taiex and Hong Kong’s Hang Seng Index posting significant gains. Central banks in the region eased monetary policy, while a boom in AI technology boosted tech stocks. Inflation was successfully reduced in Asia, giving room for further monetary easing in 2025, according to Mike Shiao of Invesco, which is expected to support equities.
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Singapore to acquire two Malaysian-owned land plots for Woodlands Checkpoint expansion
The Singapore Land Authority (SLA) announced the acquisition of two land parcels from the Malaysian government to facilitate the redevelopment of Woodlands Checkpoint, aimed at alleviating chronic congestion. The project, which begins in 2025, includes constructing new automated clearance facilities and extending the Bukit Timah Expressway to improve traffic flow. By 2050, daily traveler volume is projected to reach 400,000, necessitating this expansion to enhance efficiency and secure cross-border travel. Full Article
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