JUNEASIA BUSINESS OUTLOOK9Adani Group chairman Gautam Adani recently met with Bhutan's Prime Minister Tshering Tobgay and signed a Memorandum of Understanding (MoU) with the country's Druk Green Power Corporation (DGPC) for the development of a 570 MW hydroelectric plant in Chukha province. This collaboration aims to leverage Bhutan's hydroelectric potential and contribute to sustainable energy development in the region.Expressing his admiration for Bhutan's infrastructure initiatives, Adani praised the efforts driven by King Jigme Khesar Namgyel Wangchuck. He highlighted his eagerness to work closely with Bhutan on hydroelectric and other infrastructure projects.. "Honoured to meet His Majesty King Jigme Khesar Namgyel Wangchuck of Bhutan. Inspired by his vision for Bhutan and the ambitious eco-friendly masterplan for Gelephu Mindfulness City, including large computing centers and data facilities," Adani said on X. "Excited to collaborate on these transformative initiatives as also on green energy management for a carbon negative nation!" he added.This strategic partnership underscores the Adani Group's commitment to sustainable development and renewable energy, aligning with Bhutan's vision of leveraging green energy for national progress. Prices are stabilising, creating an environment for rate cuts in South Korea, according to a senior presidential official on Sunday. "(South Korea) is one of the countries with the most stable price levels when compared to other countries globally," Sung Tae-yoon, policy chief for South Korean President Yoon Suk Yeol, told public broadcaster KBS."Therefore, I believe an environment where rates can be lowered is being created," Sung stated.South Korea's consumer inflation fell for the second consecutive month in May to a 10-month low, according to official data released on Tuesday, falling short of market expectations.The consumer price index (CPI) in May was 2.7 percent higher than a year ago, slower than the 2.9 percent increase in April and the 2.8 percent gain predicted by a Reuters survey of economists. It marked the slowest annual increase since July."As exports continue to improve and prices, the criteria for monetary policy, stabilise, monetary policy will also be able to be dealt with flexibly," Sung said on television.South Korea's exports increased for the eighth consecutive month in May, boosted by strong chip sales, though overall shipment growth lagged market expectations, trade data showed earlier. ADANI SIGNS MOU WITH BHUTAN'S DGPC FOR INSTALLING HYDROELECTRIC PLANTSOUTH KOREA'S ECONOMIC SITUATION DEMANDING RATE CUTSNEWSROOM
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