News

How stable is Hong Kong’s insurance market?

Hong Kong saw $13.1b (HK$100.5b) in general insurance gross premiums for 2024. 

Renewables to account for 73.3% of Aussie power generation by 2035

However, challenges may delay its 82% RE target by 2030.

Indonesia’s renewable energy capacity to reach 38.1 GW in 2035

Solar and onshore wind will lead the clean power capacity expansion.

Over 70% of companies utilise AI to derisk wind projects

The majority of executives surveyed plan to increase their investment.

Solar projects in India climbs 53.7% in 9M: Mercom

The country’s cumulative solar capacity stood at 125.5GW as of September.

Global renewable energy investment breach $800b in 2024

However, the growth of clean power slowed by 7.3% last year.

Pumped hydro key in PH’s clean energy shift

This technology offers long-duration storage for the country.

Singapore insurers face rising claims with medical costs set to climb

57% of insurers expect further increases in medical cost over the next three years.

HK top priority for Italian companies' Asia expansion: survey

93% believe Hong Kong can effectively support their future Asia expansion plans.

Western Union and TenPay Global launch co-branded store in Singapore

The two are partnering to bring an omni-channel remittance experience.

APAC leads global retail growth with 5% real spending rise

APAC is the most balanced omnichannel region globally, with store-based retail sales projected to grow 20.4%.

Why 4.5 million Australians skip insurance claims over premiums

The most commonly skipped claims were for home and car insurance.

3 in 5 Singaporeans worried they can’t afford vital medical care

There is also uncertainty over where to seek treatment adds to the problem.

Carbon emissions ratio to world GDP slides 1.6% in 2024: Fitch Ratings

It cited carbon emissions from emerging markets, which accounted for 70% of global emissions.

Molecular spectroscopy market to be valued at $6.4b by 2034

Key sectors include pharmaceuticals and biotechnology.

Workforce unreadiness undermines global AI investments

Despite heavy spending, firms face talent gaps, cultural resistance, and stalled AI adoption.