Asia’s digital economy needs a new fair play rulebook

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Signs indicating the available electronic payment methods in a store in China : Alipay, WeChat pay, Western Union card, and Apple pay. Photo: iStock

Company digitalization accelerated throughout the Covid-19 pandemic. Digitalization provides e-commerce systems with constant marketplace presence and eternal trading hours. E-commerce is expected to grow by 8. 1% from 2020 to 2025 across the Asia Pacific — quicker than in the United States and Europe. Digital sales in the Asia-Pacific region totaled almost US$3 trillion in 2021. The particular McKinsey […]

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Beijing and Washington’s unlikely vaccine cooperation

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Since the United States launched an unprecedented trade war against China in 2018, the US-China relationship has soured at an alarming rate. Not even the signing of the Economic and Trade Agreement, also known as the Phase One Agreement, in 2020 was able to boost optimism about the future of bilateral trade relations. Many tariffs that […]

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Japan’s missing nuclear energy policy

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Signs from an anti-nuclear protest against the Japanese government in Tokyo. Photo: iStock

The urgent global need to meet climate ambitions, growing uncertainty about securing vital energy resources due to the ongoing Russia–Ukraine conflict and the inability of renewable resources to meet exponentially rising energy demand is bringing momentum back to the nuclear energy debate. Some argue that a zero-carbon future will remain an unattainable dream if nuclear energy is […]

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AmCham promotes HK amid rising US-China tensions

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A series of exactly what might normally be seen as typically forgettable chamber of business events has attracted controversy because of the where factor. People are referring to the American Holding chamber of Commerce (AmCham) in Hong Kong, which from next month will host a 10-month-long series of events in which associates will look ahead on what […]

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Big Oil climate scenarios fall short of Paris goals

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Several major oil companies, including BP and Shell, periodically publish scenarios forecasting the future of the energy sector. In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international Paris climate agreement. These scenarios are hugely influential. They are used by companies […]

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Ukraine puts Indonesia on brink of a noodle crisis

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JAKARTA – Despite the involvement of a domestic company in renewed grain shipments, Indonesia has not been – nor is likely to be – the early beneficiary of any wheat from Ukraine or Russia following the reopening of Black Sea ports under a United Nations-brokered deal last month. Instead, Association of Flour Producers (Aptindo) chairman […]

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UK chips industry dying a certain death

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US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm. The EU is also making moves to […]

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China’s laggard chips industry rotten with corruption

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An anti-corruption storm in that kicked up in mid-July has so far led to the arrest of the dozen top Chinese officials and executives of a national expense fund and related companies, prompting a training course shift in Beijing’ s chip-making technique. Zhao Weiguo, previous president of Tsinghua Unigroup, a Chinese technology and semiconductor manufacturer, was used […]

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Nippon Paint developing non-polluting ship coating

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Nippon Color has launched a long-term R& M project aimed at making a new antifouling paint that would eliminate the launch of microplastics through ocean-going ships whilst increasing fuel effectiveness by more than 8%. Antifouling paint prevents barnacles and other marine life from growing within the bottom of ships below the water line, reducing their rate […]

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How can the ‘blue continent’ stay connected?

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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 […]

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