Nestle to close factory, head office in Myanmar

YANGON: Swiss food giant Nestle will halt all production in Myanmar, a spokesperson said Monday (Feb 27), the latest firm to draw back from the country after a military coup two years ago. The Southeast Asian nation has been in turmoil since the military ousted Aung San Suu Kyi’s government,Continue Reading

How realistic is Biden’s semiconductor revival plan?

US Secretary of Commerce Gina Raimondo has made her recommendations for the revitalization of America’s semiconductor industry, a plan that is pivotal to retaining US economic leadership but one that also raises hard questions about government interference in the private sector and potential damage caused to US allies in Europe and East Asia. In a […]Continue Reading

Beijing complains of new ‘illegal’ US sanctions 

Beijing has expressed discontent after the United States put five Chinese companies and their overseas firms on its ‘entity list’ for allegedly providing services and products to the Russian military. The Bureau of Industry and Security (BIS) of the US commerce department over the weekend sanctioned AOOK Technology Ltd, Beijing Ti-Tech Science and Technology Development […]Continue Reading

Ukraine war nudging Cambodia toward the West

Insinuations from US Secretary of State Antony Blinken and top Western officials last week that China might provide weapons to Russia could put Cambodia’s Beijing-friendly Prime Minister Hun Sen in a tight geopolitical spot.  Unlike several neighbors and its close partner Beijing, Hun Sen’s government has seemingly aligned with Western capitals in vehemently denouncing Russia’s […]Continue Reading