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1.15381
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Gold
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93.544
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Real-time News
On March 12, the Bank of Korea stated in its semi-annual monetary policy report that the pressure on the won to depreciate will gradually ease this year as supply and demand conditions improve, noting that the current account surplus was larger than expected. Hwang Kun-il, a policy board member of the Bank of Korea, stated that to assess the uncertainty of the escalating conflict in the Middle East and its impact on the domestic economy, monetary policy should remain neutral for the time being, rather than forming expectations of any particular direction. He pointed out that in March, due to the Middle East conflict, uncertainty about the economic outlook increased significantly, and volatility in financial and foreign exchange markets intensified. Bond yield and exchange rate fluctuations were inconsistent with domestic economic fundamentals, and he added that the authorities would actively take market stabilization measures if necessary.March 12th - It was learned today that in response to strong public complaints about the difficulty of identifying food labels and the persistent problems of "ghost deliveries" in online catering, the State Administration for Market Regulation has issued 13 regulations covering multiple areas including production and operation, labeling, centralized catering, and online transactions. The "Measures for the Supervision and Management of Food Labeling" directly addresses the prominent issues of labels being "unreadable, difficult to find, and unclear," mandating that production dates and expiration dates be clearly marked in separate areas with high contrast and significantly larger font sizes, and directly labeling expiration dates without conversion. At the same time, it standardizes the labeling of special foods, strengthens the exclusive "blue hat" and "blue flower" logos and warning statements, and prohibits false advertising such as "specially supplied" or "exclusively supplied," effectively protecting consumers right to know and right to choose, so that the public can buy with confidence and eat with peace of mind.March 12th - It was learned today that the State Council Food Safety Office will accelerate the improvement of the legal and standard system this year, promote the comprehensive revision of the Food Safety Law, and expedite the formulation and revision of food safety-related standards such as pre-prepared vegetables, pesticide and veterinary drug residue testing, and cold chain transportation, ensuring that supervision has clear standards and regulations to follow. It will also improve cross-departmental consultation, joint inspection, and joint enforcement mechanisms, and conduct regular special campaigns targeting key areas and products that have drawn strong public concern, such as school food safety, "ghost food delivery," and the abuse of food additives. Regarding school food safety, it will continue to deepen the construction of "Internet + transparent kitchens," improve the school food procurement mechanism, strengthen regular joint inspections, and strictly prevent unqualified food from entering schools.March 12 - According to sources directly informed by port agents, Oman has evacuated all vessels from its key oil export terminal, Maina al-Fahhar, as a precautionary measure. Fahar, located outside the Strait of Hormuz, is one of the few ports still capable of shipping Middle Eastern crude oil to global markets. However, Iranian attacks in the region have made the surrounding waters unsafe. According to data intelligence firm Kpler, Fahar exports approximately 1 million barrels of Omani crude oil daily. Loading operations continue at Fujairah port in the UAE, also located outside the strait, but some ship owners are avoiding the port due to the risk of attacks. Yanbu port, located on Saudi Arabias Red Sea coast, remains capable of exporting oil.March 12th - Nexperia (China) recently launched a new series of LDOs with 40V input and 120mA/150mA/300mA output current. This series integrates complete input and output protection functions, making it perfectly suited for automotive electronic applications where power is supplied off-board via wiring harnesses, such as body control, BMS, lighting, steering, and powertrain products. Furthermore, Nexperia (China)s full range of automotive-grade off-board protection LDO chips is now in mass production.
