Kopi With YP: Your Minimalist Morning Brief, 16 Mar

Get up to speed and stay smart with the latest business, tech, and local news in under 2 minutes

Business

As expected, the Federal Reserve hiked interest rates. While sovereign bonds, commodities rallied, the dollar dropped.

Economists raised Singapore’s growth forecast to 2.3% after a stronger-than-expected economy in the fourth quarter of 2016.

Tesla Inc. to raise $1.15 billion in stocks for the capital needed for the pre-production of its upcoming Model 3 electric cars.
 

World

Panasonic Corp was referred to the Japan prosecutors for illegal overtime hours that led to the suicide of one worker.

South Korea’s third-largest conglomerate will be questioned as part of the corruption scandal with their former president.
 

Local

NUS tops Asia’s university ranking for second year running.

Car sales may go up in lieu of the new emissions plan as motorists wanting to avoid additional surcharges may rush to buy cars before the scheme kicks in.

It’s a good start. Private home sales tripled in February as demand increases.
 

Tech

WhatsApp will soon revive its text status after receiving backlash for their Snapchat-style status stories.

No longer relying on external routing apps. Uber drivers will be getting an upgrade to their navigation experience.