At a recent Association of Southeast Asian Nations (ASEAN) conference, Cambodian Prime Minister Hun Sen was filled with foreboding. “The current world environment is hard to predict, the world is breaking apart while nuclear war or World War III could break out because countries are threatening each other,” he warned, speaking in his capacity as […]
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It is clear now that pundits within and outside the Philippines were wrong in their predictions regarding new President Ferdinand “Bongbong” Marcos Jr’s policy toward Beijing in the South China Sea. They had stridently criticized the policy of his predecessor Rodrigo Duterte and predicted that Marcos’ policy would be significantly more favorable to the US, […]
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On July 27, Syrian tanks rolled into the former rebel stronghold of Tafas, in western Syria’s Daraa province. The aggression, ostensibly to root out supporters of Islamic State (ISIS), came just three days after military leaders suggested the operation could be avoided if the people they sought were voluntarily handed over. Yet no matter what the government claims – or […]
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Speaker Nancy Pelosi’s visit to Taiwan has elicited a strong response from China: days of simulated attack on Taiwan with further drills announced, plus a withdrawal from critical ongoing conversations with the US on climate change and the military. This strong reaction was predictable. President Xi had earlier warned President Biden not “to play with […]
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JAKARTA – Public outrage and the direct treatment of President Joko Widodo have led on the arrest of a successful police general falsely accused of ordering the particular murder and future cover-up of his very own aide-de-camp in a dark colored drama that has transfixed Indonesia. The case possesses revealed the existence of groupe, or what personal coordinating minister Mohammad Mahfud MD described as “headquarters […]
The post Cop-on-cop eradicating rocks and roils Indonesia appeared first upon Parts of asia Times .
Along with Samoa fully reopening its borders upon August 1, an additional Pacific country transferred tentatively forward right after two years of edge closures and little or no international tourism. Yet opening up is not as simple as flipping the switch, given the numerous challenges facing Pacific aviation. Rising gas costs, mounting debt, management issues and also a shortage […]
The post How can the ‘blue continent’ remain connected? appeared first upon Asian countries Times .
Geopolitical tensions within the Taiwan Strait have got risen after ALL OF US House Speaker Nancy Pelosi visited Taiwan. It is no surprise that Beijing announced economic retaliations and military drills. The Taiwan Strait, one of the world’ s most important lanes for marine delivery and air cargoes, is now a riskier place because of the on-going live military […]
The posting Economic impact of latest Taiwan Strait crisis appeared first on Asia Times .
In September 2021, China applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This app came four years after the United States pulled out of the nascent agreement for what earlier had been called simply TPP. While China is clearly motivated by a desire to expand industry and facilitate industrial expansion, […]
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July inflation was “only” 8.5% year-on-year vs. 9.1% year-on-year in June, mainly because energy prices fell on the month. In the hope that fading inflation would slow the Federal Reserve’s monetary tightening, the 30-year US Treasury bond yield dropped – for about 10 minutes. Traders decided that the light at the end of the tunnel […]
The post Worst productivity drop ever means more inflation appeared first on Asia Times.
Affordability matters for government debt because the burden is eventually passed onto current and future taxpayers through tax hikes or inflation. Japan’s general government gross debt was 263% of GDP at the end of 2021. Borrowing may seem affordable as long as the average yield is close to zero, but low interest rates are no longer sustainable […]
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