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10/20
12:16
Hanwha Life Insurance is expanding its financial education programs overseas, launching an initiative in Bandung, Indonesia, to help young people navigate growing risks of digital finance. Run in partnership with Save the Children, the program focuses on financial literacy and protection against online scams, illegal lending, and gambling, using a peer-education model.
12:09
Edward S. Robinson, Deputy Managing Director and Chief Economist at the Monetary Authority of Singapore (MAS), stated at the Beijing Financial Street Forum that the AI boom is a race to balance current demand with future supply effects, with unprecedented AI investment and expansion, but limited productivity gains so far. He pointed out that the AI investment and production boom is a major force supporting global demand, especially important for Asian economies, with AI-driven electronics accounting for over 70% of Asia's export growth this year. Robinson cited OECD estimates that AI could boost total factor productivity growth by up to 0.6 percentage points, potentially offsetting the negative impact of structural headwinds such as Asia's aging population.
12:08
Bitcoin Magazine reports that 219 merchants across Arizona, including Pita Cafe and Echo Coffee in Scottsdale, now accept Bitcoin payments. The article highlights the ease of using Lightning wallets for first-time users, who successfully purchased gyros and hot cocoa. One cashier at Pita Cafe was excited to see a Bitcoin transaction for the first time, while another at Echo Coffee was already familiar with the process.
12:04
According to the annual Marsh CFA Institute Global Pension report released on Tuesday, Hong Kong retained its B grade with a score of 71.2, remaining a clear regional leader ahead of Malaysia, mainland China, Taiwan, Japan and South Korea.
12:03
Bank Indonesia is under increasing pressure to raise interest rates on Wednesday, as global index provider MSCI warned it may downgrade the country's stock market from emerging-market to standalone status. This threat has triggered a rout in Indonesian stocks and weakened the rupiah.

Citibank now expects a pre-emptive 50 basis-point increase to 6.25%, while Capital Economics and Permata Bank anticipate a 25 basis-point hike to 6%. The central bank has maintained its benchmark seven-day reverse repurchase rate at 5.75% since June. The rupiah weakened to 18,030 per dollar on Tuesday, nearing its June record low and falling approximately 8% this year. Analysts warn that not delivering a rate hike would risk disappointing investors and fueling further currency depreciation.
12:02
Iranian Foreign Minister Araghchi stated after talks with Russian Foreign Minister Lavrov in Tehran that the two countries have never cooperated as closely as they do now. Araghchi posted on X that the two sides held "timely talks" on regional and global developments, including issues in Lebanon, Palestine, Ukraine, and Yemen, with a focus on "expanding economic and nuclear cooperation."
11:51
Japan's 20-year government bond auction on Tuesday saw record demand, with a bid-to-cover ratio of 5.84, significantly higher than the previous 4.01 and the 12-month average of 3.73, according to Bloomberg Markets. The tail (the difference between the average and lowest accepted prices) was 0.07, lower than last month's 0.15, indicating strong investor interest.
11:42
Chinese AI company DeepSeek updated its V4.1 Flash-1017 model on October 17, and MiniMax also released its M3.1 Flash model (previously codenamed Space Bunny). Both Flash models performed excellently in evaluations. MiniMax M3.1 Flash scored 74 points in the DeepSWE test, while DeepSeek V4.1 Flash-1017 scored 77 points. MiniMax M3.1 Flash also achieved 76.2 points in the financial Agent evaluation BankerToolBench, tying with Claude Opus 5 for first place. MiniMax has halved the input and output prices of its new model compared to the previous generation M3, reduced cache read prices by approximately 75%, and achieved an output speed of 200+ TPS. These advancements indicate that Flash models are transitioning from being alternatives to flagship models to becoming a new competitive arena, challenging the capabilities of flagship models at a lower cost.
11:42
OpenAI CEO Sam Altman last week described three AI safety development paths being discussed in the industry to employees internally: establishing an international regulatory body similar to the International Atomic Energy Agency, merging major AI labs into a single entity, and having one company monopolize hashrate to "melt all competitors' GPUs," The Information reported. Altman stated that OpenAI needs to decide which path to pursue within the next year, emphasizing the desire for humanity to always control technology and avoid excessive concentration of power in the industry. This statement comes as the Trump administration begins to establish its first set of regulatory mechanisms for "superintelligence" developers.
11:40
Nikkei Asia reported that Vietnam's real estate transactions in the third quarter of this year fell to their lowest level since the COVID-19 pandemic, due to soaring home prices and rising borrowing costs. Data from real estate services company Savills shows that the average price of apartments in Hanoi surged by nearly 2.5 times between 2021 and 2025, making homeownership unattainable for many.
11:34
Israeli forces arrested a civilian during an incursion into the northern countryside of Syria’s Quneitra governorate on Monday, according to Syrian state news agency SANA. This followed the detention of two civilians during a similar incursion on Sunday. Syria’s Foreign Ministry condemned these escalating incursions, calling them a violation of Syrian sovereignty and urging international intervention.
11:18
Iran’s Islamic Revolutionary Guard Corps (IRGC) claimed it intercepted and destroyed a US MQ-9 drone over the Strait of Hormuz early on Tuesday, according to state broadcaster IRIB. The IRGC stated its advanced air defense system downed the drone.
11:16
Donald Trump stated that his administration ended the unfair estate tax to protect family farms. Additionally, the administration announced the highest biofuel production targets in history, which are projected to generate $4 billion in new farm income and increase demand for Kansas farmers. He has also granted Kansas a year-round E-15 sales waiver and plans to work with Senator Roger Marshall to make year-round E-15 sales permanent.
11:11
The rise comes as attacks on tankers in the Middle East damped hopes for a recovery in exports from the war-torn region.
11:08
President Donald J. Trump urged voters to defeat Cindy Holscher, calling her the 'Most Radical Candidate ever to run for Kansas Governor.' He stated that Holscher supported raising property taxes, stripping parental rights, and voted for 'Men in Women’s Sports, and Men in Girls’ Locker Rooms.' Trump also claimed Holscher said Jesus was gay and transgender, and that her role model, Gavin Newsom, would lead to 'Homelessness, Corruption, High Crime, and High Costs.'
11:08
Donald Trump posted on Truth Social, expressing support for Kansas Senator Roger Marshall, calling Marshall the only barrier between the people of Kansas and "the communists controlling the United States Senate." Trump noted that Marshall has been endorsed by the National Rifle Association (N.R.A.) and the Kansas Farm Bureau, and will vote for low taxes, reduced regulations, a prosperous Kansas oil and gas industry, and against illegal immigration.
11:07
Donald Trump announced on Truth Social that the Department of Agriculture will launch a new "Harvest Fuel Relief Program," providing $8 billion in support to farmers to offset diesel costs this harvest season. He also mentioned that two weeks prior, he signed an executive order exempting red-dyed diesel from off-road requirements, allowing farmers and truck drivers to refuel with tax-exempt diesel.
11:05
Donald Trump posted on Truth Social, stating that the choice in this election is very simple: either vote for "radical left Democrat communists" who will plunder wealth, raise taxes by $5 trillion, destroy borders, devastate Kansas farms, harm children, and grant amnesty and voting rights to 25 million illegal immigrants; or defeat them and vote for Republicans to achieve more income, higher wages, lower taxes, less crime, a prosperous Kansas economy, and reject amnesty for illegal immigrants.
10:43
Musk posted that X's timeline recommendation algorithm has undergone two important adjustments: first, a new AI/SI ranking model can better predict the time users might spend; second, the retrieval model has been trained to better display posts that users read completely. He pointed out that user active seconds are growing exponentially, reaching new all-time highs almost every day.
10:40
The Singapore dollar consolidated against its U.S. counterpart in the Asian session amid mixed signals.

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