US Tariffs: Beijing Signals Willingness for Talks
WASHINGTON/BEIJING – U.S. President Donald Trump has announced a sweeping 10 percent tariff hike on all Chinese imports, alongside a 25 percent increase on goods from Canada and Mexico. The move, signed into effect on February 2, is set to … Continue reading US Tariffs: Beijing Signals Willingness for Talks
Global Markets in Turmoil: Effects on Asian economy
TOKYO/WASHINGTON – The global financial landscape has been rocked by a series of unexpected events that have sent shockwaves through stock markets around the world. The United States, long considered a bastion of economic stability, is now grappling with the … Continue reading Global Markets in Turmoil: Effects on Asian economy
Malaysia and Singapore: Flourishing Partnership
SINGAPORE – In the dynamic landscape of Southeast Asia, two nations stand out for their robust economic synergy: Malaysia and Singapore. Since they split in 1965, both countries have embarked on divergent paths to economic development. Singapore, with its strategic … Continue reading Malaysia and Singapore: Flourishing Partnership
Philippines: Sugar ‘crisis’ tests Marcos’ presidency
MANILA – Ferdinand Marcos Jr. is facing his first major test since becoming Philippine president — a major sugar shortage, which is threatening to sour his endeavors to revitalize the agriculture sector. This sugar shortage comes as rising commodity prices … Continue reading Philippines: Sugar ‘crisis’ tests Marcos’ presidency
ASEAN and EU’s new online Customs Transit System
JAKARTA – The private sector in ASEAN now has access to a powerful new online system, the ASEAN Customs Transit System (ACTS), which will reduce intra-ASEAN trading challenges and enable companies to benefit fully from the ASEAN Economic Community (AEC) … Continue reading ASEAN and EU’s new online Customs Transit System
U.S. adds four more Chinese firms to Pentagon blacklist
WASHINGTON – Washington is poised to designate four more Chinese companies as backed by the Chinese military, sources said, curbing their access to U.S. investors as the Trump administration seeks to cement its hawkish China legacy in its waning days. … Continue reading U.S. adds four more Chinese firms to Pentagon blacklist
China to cut tariffs, boost imports
BEIJING – China will continue to cut its tariffs and expand imports of high-quality goods and services, Chinese President Xi Jinping said on Thursday, while vowing to push reforms and promote an innovation-driven growth model. “We will further reduce tariffs … Continue reading China to cut tariffs, boost imports
USA: Decoupling economy from China on agenda
WASHINGTON – With the U.S. election approaching, President Donald Trump again raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the United States would not lose money if the world’s two biggest economies no … Continue reading USA: Decoupling economy from China on agenda
Meet the next-normal consumer
New York – As the world begins its slow pivot from managing the COVID-19 crisis to recovery and the reopening of economies, it’s clear that the lockdown has had a profound impact on how people live. The period of contagion, self-isolation, … Continue reading Meet the next-normal consumer
Hong Kong economy to shrink 6 to 8 per cent
Hong Kong – Hong Kong’s economy is expected to shrink by between 6 and 8 per cent this year – in what would be the first back-to-back annual contractions since record-keeping began 1961 – as the city grapples with a third wave … Continue reading Hong Kong economy to shrink 6 to 8 per cent