SINGAPORE – In the latest salvo in its fight against inflation, Singapore’s central bank tightened monetary policy on Friday (October 14), allowing the national dollar to appreciate to curb domestic cost pressures in a move likely to bolster the currency’s increasingly favored status as it demonstrates resilience against the fast-appreciating US dollar. The Monetary Authority of Singapore (MAS) […]Continue Reading
Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month Significantly, the World Bank’s already dire debt figures do not encompass all of the small Southeast […]Continue Reading
The region has some of the most dangerous roads in the world with higher than average death rates, but delivery apps aren’t doing enough to protect their riders.
The post Southeast Asia’s delivery ‘riders’ brave dangerous roads with limited insurance protection appeared first on Southeast Asia Globe.
In a major escalation of the US-China tech war, China’s memory chip sector is expected to be particularly hard hit by new export restrictions imposed by the United States, according to Chinese analysts and commentators. That bleak assessment comes after Yangtze Memory Technologies Co (YMTC), China’s top memory chipmaker, and 30 other Chinese “entities” were […]Continue Reading
Chinese pundits are divided over Washington’s proposed plan to restructure America’s industrial supply chain by decoupling with China. Chen Feng, a writer for Guancha.cn, or The Observer, writes that US companies will not be able to relocate their high-value production lines from China to nearby countries such as India and Vietnam, which he says lack […]
The post Chinese pundits split over US decoupling prospects appeared first on Asia Times.
The battle of the billionaires has become the stuff of headlines. The world’s richest man, Elon Musk, has gone head-to-head with Australia’s richest man, billionaire Andrew “Twiggy” Forrest. Musk, the founding investor in battery-powered car giant Tesla, has famously mocked hydrogen fuel-cell vehicles as “mind-bogglingly stupid.” Forrest has just placed a very large bet on […]
The post Eco-titans battle and rage for the green power future appeared first on Asia Times.
China’s DJI, the world’s largest drone maker, has been accused by the United States of having ties with the Chinese army after its products were reportedly used by Russian troops to invade Ukraine. On October 4, the United States Department of Defense (DoD) blacklisted 13 Chinese companies, including DJI, BGI Genomics and China State Construction […]
The post US blacklists China’s DJI drones for alleged PLA ties appeared first on Asia Times.
SEOUL – The long, happy times enjoyed by the electronics sector are coming to an end, if a Friday alert published by industry colossus Samsung is any indication. According to an earnings guidance published today, the company anticipates consolidated sales of approximately 76 trillion won ($53.7 billion) and operating profits of 10.8 trillion ($7.6 billion) […]
The post Samsung rings the alarm for electronics sales appeared first on Asia Times.
The US-China strategic rivalry extends to the struggle for control over the digital economy — particularly digital infrastructure and technological innovation. China’s digital economy is among the most vibrant in the world, ranking second globally in 2021 at US$7.1 trillion. And it has become a crucial part of the relations between China and Gulf states including Bahrain, […]
The post US looks on while China takes the Gulf digital appeared first on Asia Times.
A startup set up by a former Huawei executive in Shenzhen has drawn Washington’s attention as it will reportedly supply chips to US-sanctioned Huawei Technologies. Established in June 2021, Shenzhen Pengxin Micro Integrated Circuit Manufacturing Co Ltd will receive its ordered chip-making machines next year and start producing 28 nanometer (nm) chips in 2025, media reports said. […]
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