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Tesla warns UK driverless car rules requiring fully autonomous vehicles to drop 'self-driving' branding will cost it billions and deter UK investment.
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Waymo to launch autonomous ride-hailing in Singapore by 2028, its first foray into Southeast Asia
Waymo, the autonomous driving technology company owned by Alphabet, announced on the 18th that it will launch a fully electric autonomous ride-hailing service in Singapore by 2028. This marks the company's first entry into Southeast Asia. An initial fleet of fully electric Jaguar I-PACE vehicles will arrive in Singapore within a few months, and in 2027 trained autonomous driving specialists will carry out manual driving in the initial phase to adapt Waymo's autonomous driving system, Waymo Driver, to local road layouts and monsoon weather patterns, with the launch of public service expected in 2028. The company is working with Singapore's Ministry of Transport and the Land Transport Authority (LTA) to bring the service to the country, and Transport Minister Chee said, "Singapore welcomes Waymo as the latest autonomous vehicle operator." On the 15th, Waymo also announced plans to launch Japan's first fully autonomous commercial taxi service in Tokyo in 2027.
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KTB Wins Role as Clearing House for Common Rail Ticket, Target Price 46 Baht
Phillip Securities stated that KTB will serve as the clearing house for the common rail ticket project, after the Ministry of Transport confirmed that from January 1, 2027 onward, rail commuters will use a common ticket fare system across all rail lines, all colors, and all routes at prices of 17 to 45 baht. The government will bear the cost of compensating passengers for the fare difference on journeys that actually exceed 45 baht, without directly reimbursing operators, and KTB will prepare the back-end system to manage the money and clear refunds of the difference to the public. This is seen as positive sentiment for KTB, but the main revenue expected is the fee for serving as clearing house, which is unlikely to be significantly high relative to previous forecasts. An additional benefit is low-cost liquidity from funds passing through the bank and user data from rail passengers that can be used to cross-sell other financial products. The brokerage maintains its 2026 profit forecast at 48.9 billion baht, up 1.4% year-on-year, and keeps its base price target at 46 baht. It expects a dividend of 2.10 baht per share for 2026, representing a dividend yield of 4.7%, and 2.21 baht per share for 2027, representing a dividend yield of 4.9%. Recommendation: accumulate.
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Japan Automobile Manufacturers Association Announces Plan to Bring Autonomous Driving Systems into Society by 2028
Akio Sato, chairman of the Japan Automobile Manufacturers Association, said at a press conference in Tokyo on the 17th that the association aims to put core autonomous driving systems into practical use in some regions by 2028. He stressed the need for public-private cooperation to achieve this, and said the association will move quickly to build an information control platform that integrates systems for remotely monitoring autonomous vehicles and mechanisms for cars to receive pedestrian information from sensors and cameras on roads. Sato argued that eliminating traffic deaths and improving convenience should go hand in hand, and said the pace of development will be accelerated. The public and private sectors will also consider creating a framework to provide relief for victims and conduct accident investigations when accidents occur.