Staff Reporter

AI development to boost energy demand at data centres

The technology will comprise 85% of the energy demand growth until 2026.

Watsons invests $250M for 6,000 new and upgraded stores in Asia

75% of the stores in the region will offer customers upgraded experiences.

Filipinos collectively spent 42 years on digital lending apps in 2023

About 63.4% of the time was spent on platforms offering personal loans.

Life insurance reaches new high in Hong Kong

This marked a 57% year-on-year in annualised new premiums.

Australia, NZ retail banks face tougher headwinds

Both loans and deposits will see increased competition.

Higher EV sales to surface new insurance risk factors: SRI

EV insurance can take the global market size to more than $200b in 2030.

Accelerating clean energy adoption can lower power costs

Solar and wind are the cheapest renewable energy options.

Solar potential underutilised in sunniest markets

Access to financing remains a barrier to increasing solar capacity.

Indonesia's money supply falls 6.9% YoY in April

Thanks to disbursed loans and net claims.

Commitment issues rise amidst climate risks dampen insurance reliability

Typhoon Koinu alone in 2023 led to over $500m in insurance claims.

APAC to see $15b investment in CCS over next decade

Australia, Malaysia and Indonesia are emerging hubs for carbon capture.

Japanese insurers eye profit from hikes in fire and auto insurance

FY24 profit targets exceeded Jefferies’ forecasts.

Hong Kong retail sales drop 14.7% in April

The sharp decline was mainly attributed to the timing of the Easter holidays.

HK insurers’ Q1 premiums mounts $22b in premiums

On a year-on-year basis, it climbed 12.2%.

High costs and delays make SMRs a risky bet for energy transition

The price of a China SMR project was triple its initial projections.