On Monday, after the government in Beijing had expressed its displeasure over news that the US had shot a Chinese balloon out of the sky, some in China’s media took a different tack: boasting that the country produces affordable meteorological balloons of a world-class standard. Media said the concerned balloon was made by ChemChina’s Zhuzhou […]Continue Reading
China’s exports to Southeast Asia jumped by 20% in 2022, despite a year-on-year decline in China’s total exports driven by a 19% drop in exports to the US and a 17% drop in exports to the European Union. Southeast Asia’s 700 million people stand at the cusp of an economic transformation comparable to the rise […]Continue Reading
At the end of 2022, there were reports of long queues of employees in Ho Chi Minh City who had been waiting since dawn at several local offices to claim lump sum payments from their social insurance premiums. Many Vietnamese workers view their social insurance premiums as a kind of savings mechanism and are inclined to seek early access […]Continue Reading
More than six months into the Kingdom’s decriminalisation of weed in Thailand, unclear regulation and fluctuating market trends are clouding the landscape pertaining to local business owners
The blog post Decriminalisation casts a haze over Thailand’ s cannabis business appeared 1st on Southeast Asia Globe .
With dwindling resources and manpower, the Lion City’s lion dance troupes have struggled to meet a post-Covid boom meant for traditional lion dances in an increasingly commercialised market
The post Singapore’s lion dancers fight to fulfill Lunar New Year’s roaring demand appeared first on Southeast Asia Globe .
Hong Kong’s government will give away 500,000 free air tickets to international travelers starting next month as part of a free-spending plan to promote Hong Kong tourism after the pandemic and as mainland China reopens from its strict “zero-Covid” policy. Most of the air tickets, bought by the Airport Authority in 2020, will be distributed […]Continue Reading
To anyone wondering how high interest rates will go and when they will start coming down, the Federal Reserve has just provided an answer: “We still don’t know.” That’s the real meaning of the quarter-point interest rate increase the Fed announced Wednesday and the signals it sent in making the announcement. Financial markets read those […]Continue Reading
Telecommunication equipment maker Huawei Technologies will have to source 4G chips elsewhere to make its smartphones as it cannot purchase more processors from the United States. The Biden administration has stopped approving licenses for US companies to ship items to Huawei over national security concerns, Reuters reported. US officials have told Qualcomm Inc and Intel […]Continue Reading
In 2022, the geopolitical tensions caused by the war in Ukraine, slowing growth in the Chinese economy and sharp rises in energy and food prices led to a significantly higher inflationary outlook globally. These factors all added to the risks confronting Vietnam as its economy recovered from its lengthy Covid-19 lockdowns. Communist Party General Secretary Nguyen Phu […]Continue Reading
China will have to pay more to buy coal from Mongolia, which says it will stop shipping its solid fuel to China directly from February and instead sell it through auctions. Mongolia will also use border price, instead of pithead price, to sell its coal starting Wednesday, meaning that the new price will include the transportation […]Continue Reading