Vietnam Cracks Down on Foreign E-Commerce Platforms
HANOI – Vietnam has issued a directive that mandates foreign e-commerce platforms, including popular names like Temu and Shein, to register with the government or face potential bans. The new regulations, announced in late October 2024, are part of a … Continue reading Vietnam Cracks Down on Foreign E-Commerce Platforms
PATA Tourism Monitor 2024: Asia Pacific Tourism Booms
BANGKOK – The Pacific Asia Travel Association (PATA) has released its Annual Tourism Monitor for 2024, revealing remarkable growth in international visitor arrivals across 47 Asia Pacific destinations. With a staggering 522 million arrivals in 2023, this marks a 94.3% … Continue reading PATA Tourism Monitor 2024: Asia Pacific Tourism Booms
German-Indian Rapprochement: New Perspectives in New Delhi
NEW DELHI – Berlin and New Delhi are aiming to deepen their trade relations – a venture that was reaffirmed at the recent meeting between Chancellor Olaf Scholz and Prime Minister Narendra Modi in India’s capital, New Delhi. Despite the … Continue reading German-Indian Rapprochement: New Perspectives in New Delhi
Vietnam: Upskilling Labor for a High-Value Economy
HANOI – In a decisive pivot towards economic modernization, Vietnam stands at a pivotal juncture with its burgeoning relationship with global technology giants. The Southeast Asian nation, traditionally an agrarian economy, is now orchestrating a strategic overhaul aimed at transitioning … Continue reading Vietnam: Upskilling Labor for a High-Value Economy
China’s Economic Growth Slows, Missing Targets
BEIJING – In a revealing sign of the times, China’s economic expansion has continued to decelerate, marking the third quarter as the slowest growth since the previous year. The National Bureau of Statistics reported a 4.6% increase in GDP for … Continue reading China’s Economic Growth Slows, Missing Targets
Indonesia’s Middle Class: Economic Challenges
JAKARTA – Recent data from Indonesia’s Central Statistics Agency (BPS) has highlighted a significant contraction in the country’s middle class, with an estimated 9.5 million people falling out of this socioeconomic bracket since 2019. This decline is attributed to a … Continue reading Indonesia’s Middle Class: Economic Challenges
ASEAN-Japan Summit 2024: Strengthening Ties
VIENTIANE – In a significant move to enhance regional cooperation, the 27th ASEAN-Japan Summit, held on October 10th, in Vientiane, marked a milestone in diplomatic relations between Japan and the Southeast Asian nations. Prime Minister Ishiba Shigeru of Japan, in … Continue reading ASEAN-Japan Summit 2024: Strengthening Ties
Tariff dispute escalates: China and EU in conflict
BEIJING/BRUSSELS – Amidst growing tensions between the European Union and China over the imposition of tariffs on Chinese electric cars, Beijing has now responded with a countermeasure. Starting from October 11, importers of brandy from the EU must deposit “security … Continue reading Tariff dispute escalates: China and EU in conflict
Indian Stock Market Turbulence: Global Uncertainty
NEW DELHI – As the world’s eyes turn to the escalating tensions in the Middle East, the ripple effects are felt across the globe, with financial markets bearing the brunt of the uncertainty. The Indian equity indices, BSE Sensex and … Continue reading Indian Stock Market Turbulence: Global Uncertainty
Japan’s New PM: Shigeru Ishiba’s Vision for Change
TOKYO – As Shigeru Ishiba ascends to become Japan’s Prime Minister on October 1, the world watches with great interest. His victory marks a significant shift from the established economic policies of his predecessors, promising a new direction for Japan’s … Continue reading Japan’s New PM: Shigeru Ishiba’s Vision for Change