In light of China ending its zero-Covid policy, Macau is seeking to recover its tourism-based economy. Success will depend on the effectiveness of ongoing efforts to contain the spread of Covid-19, international travelers’ willingness to visit the region and the Macau government’s ability to support local economic recovery. n China since December 2022, recent data […]Continue Reading
China, which blocks all western social media on the mainland, mocked the United States government for trying to stop young people from using TikTok, the most downloaded app during the pandemic. The White House issued a 30-days notice to government organizations on Monday to make sure that TikTok, owned by China’s ByteDance Ltd, is removed from all federal […]Continue Reading
About a decade ago, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. This resulted in a 15-point action plan that aimed to curb practices that shielded a large chunk of corporate profits from tax authorities. But, according to our estimates, it hasn’t worked. Instead of reining in […]Continue Reading
It’s nearly a decade since the term “fourth industrial revolution” was coined, yet many people won’t have heard of it, or know what it refers to. Also known as industry 4.0, it’s a way of describing how connecting together different advanced technologies could transform how we make things. An example of this could be putting […]Continue Reading
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
Indonesia has vast potential. Despite numerous setbacks since its independence in 1945 — including the 1997 Asian financial crisis — the country is now the largest Southeast Asian economy and a member of the G20. Traditionally an agrarian economy, Indonesia is transitioning towards more services and manufacturing employment. These efforts have been promoted by strong government […]Continue Reading
In 2021, Australian company Star Scientific signed an agreement with the Philippine government to develop green hydrogen as a fuel source. This agreement joins a long list of similar agreements around the world. But the number of large-scale hydrogen projects that have progressed from agreements into development is rather short. Vastly more investment is pouring into solar […]Continue Reading
SINGAPORE – Malaysian Prime Minister Anwar Ibrahim has unveiled the largest budget in his nation’s history replete with measures aimed at lowering the cost of living through subsidies and direct cash payments, even as his three-month-old administration claims to be trying to narrow the fiscal deficit. The record 388.1 billion ringgit (US$87.5 billion) spending plan […]Continue Reading
China’s Ministry of Finance has reportedly asked state-owned enterprises to stop using the four biggest accounting firms due to data security concerns. Offshore subsidiaries will still be allowed to use the Big Four auditors but their parent companies will have to hire local Chinese or Hong Kong accountants when their current contracts expire, Bloomberg reported […]Continue Reading
As Russia faces Western sanctions, China seeks to deepen Sino-Russian economic tiesby boosting trade and switching to deal-settlement in their own currencies. Chinese media columnists say Russia and China have already strengthenedtheir relations – by giving a green light to a natural gas project called the Far Easternroute. They add that China would also sell more […]Continue Reading