In Singapore, the central bank eased its monetary policy in its Friday meeting, in-line with market watchers’ expectations.
The central government is likely to grant one of the most significant and long-standing policy asks from the maritime industry — infrastructure status to ships as part of the harmonised list of infrastructure sectors — and may consider announcing it in the upcoming Budget, sources aware of the developments said.
Nearer home, Japan’s Nikkei opened 0.33 per cent higher as core inflation rate rose to a 16-month high at 3 per cent year-on-year (Y-o-Y) in December.
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