Bank of Japan: Three indicators of Japan’s core price index trend in February were lower than the previous month.

According to Yonhap News Agency: South Korea and Japan will cooperate to develop satellite navigation systems.

Dubai has set the June 2024 crude oil price spread at the same level as Oman crude oil.

Kazakhstan Energy Minister: The cost of Tengger Oilfield expansion has increased by about 5%.

Research firm Kaiko: An indicator tracking the difference between Bitcoin’s hourly highest and lowest prices shows that the U.S. session is more volatile than the Asian session. The focus of trading has now shifted to the United States.

US Department of Defense: US Defense Secretary Austin will meet with Israeli Defense Minister Galante later today.

Goldman Sachs: As inventories decline, a three-month refining outage of 1 million barrels per day will increase refining margins for distillates (diesel, jet fuel) by $1-1.5 per barrel.

Goldman Sachs: About 900,000 barrels per day of refining capacity are currently offline due to drone attacks on Russian refineries; the duration of the disruption could range from weeks to permanent production losses.

Asian Development Bank: Provides US$100 million in financing to Sri Lanka to promote the development of small and medium-sized enterprises.

Data shows that Thailand’s domestic car sales fell by 26.15% year-on-year in February.

Data shows that Thailand’s automobile production fell by 19.28% year-on-year in February.

The Palestinian Presidential Palace issued a statement on the evening of the 25th local time, welcoming the United Nations Security Council resolution calling for an immediate ceasefire in the Gaza Strip, and called for the immediate implementation of the resolution to protect the lives of innocent people in the Gaza Strip. The statement said that the resolution expresses the consensus of the international community in calling for an end to the war of aggression and extermination against the Palestinian people, and is a step in the right direction. The Security Council must ensure the implementation of this important resolution that has gained international consensus.

Brent crude oil fell back below $86/barrel, down 0.07% on the day.

Thailand’s exports in February reached US$23.4 billion, a year-on-year increase of 3.6%.

Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu: We are considering providing tax arrangements to promote private investment. Although capital markets have been affected by high interest rates, the insurance and wealth sectors have shown strong growth.

Hong Kong Secretary for Financial Services and the Treasury Henry Hui Ching-yu: We are confident that we can achieve the goal of attracting 200 family offices announced by Hong Kong leaders last year.

The Philippines and Japan signed a 250 billion yen loan agreement for road and subway construction.

According to a Reuters survey: the Reserve Bank of India is expected to lower the repo rate by 50 basis points to 6.00% by the end of 2024. The Indian economy will grow by 7.6% in fiscal year 2023-2024 and by 6.6% in 2024-2025.