Asia is fresh for the growth from the creator economy, yet content creators find it difficult to turn their occupation into a full-time one particular, says Rohith Murthy.Continue Reading
SINGAPORE: Ms Mildred Ang, who works at Klook Singapore, will sometimes visit a “hideout” in the co-working space where her company relies, for some alone time for you to think about “abstract stuff”. This particular hideout could be a wellness room or a backyard rooftop garden, where she can beContinue Reading
HONG KONG: A Hong Konger who played a harmonica to a crowd outside the British consulate during Queen Elizabeth II’s funeral was arrested for sedition, police and local media said on Tuesday (Sep 20). Crowds of Hong Kongers have queued to pay tribute to Britain’s late monarch this week, someContinue Reading
Myanmar’s ruling junta on Tuesday (Sep 20) warned the public against showing moral support for a “terrorist” resistance movement, threatening jail terms of up to 10 years just for liking or sharing its content on social media. Myanmar has been plagued by violence since the military seized power early lastContinue Reading
The UN says the government helicopter attacks on a rebel area killed at least eleven children.Continue Reading
TOKYO — Punchbowls everywhere are becoming endangered species as central bankers scramble to yank them away with increasing urgency. Nowhere more so than here in Asia.
This metaphor is courtesy of William McChesney Martin, the US Federal Reserve’s longest-serving chairman who held the position from 1951 to 1970. He famously said a monetary authority’s role is that of a “chaperone who has ordered the punchbowl removed just when the party was really warming up.”
Since the 2008 Lehman Brothers crisis, the catchphrase markets most associate with central banks is “whatever it takes.” Mario Draghi, then-president of the European Central Bank, famously uttered these words in July 2012 amid debt-market turmoil on the continent. A year later, Bank of Japan Governor Haruhiko Kuroda would embrace a similar mantra.
Today, officials are racing to do what they can to tame inflation and keep up with current US Federal Reserve Governor Jerome Powell’s tightening cycle.
The post Race to hike rates guarantees global recession appeared first on Asia Times.
The influx has overwhelmed the country’s already weak health system. The provincial government has said that some 1,200 medical facilities were still marooned. “We’re overwhelmed,” said Moinuddin Siddique, director at the Abdullah Shah Institute of Health Sciences at Sehwan city, which is surrounded by the flood waters, told Reuters. MalariaContinue Reading
SEOUL – Will they? Or won’t they? There are conflicting reports on whether Japanese Prime Minster Fumio Kishida and South Korean President Yoon Suk-yeol will summit on the sidelines of the 77th UN General Assembly held in New York this week. The two early-in-their-term leaders – Kishida took power in October 2021, Yoon in May […]
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Mr Chow said the state government had previously stated that it might hold its polls if GE15 was called towards the end of 2022. However, the state had not considered the monsoon at that time, he said, according to New Straits Times. “At that time, we said that we mightContinue Reading
President Joe Biden has – not for the first time – suggested that the US would intervene “militarily” should China attempt an invasion of Taiwan._ In an interview with CBS’s “60 Minutes” on September 18, 2022, Biden vowed to protect the island in the face of any attack. Pressed if that meant the US getting […]
The post US stance on Taiwan hardening amid China’s threats appeared first on Asia Times.