After the announcement of US tariffs, which are a major challenge for both economies and for businesses like Samsung Electronics, which have significant investments in Vietnam, South Korea and Vietnam announced on Wednesday ( Apr 16 ) they agreed to work together. The two nations are attempting to increase bilateralContinue Reading
On Wednesday morning, the local theater area paid tribute to Goh not just for his create but also for his personality.
Ivan Heng, the creator of the Wild Rice theater company, claimed Goh started creating outfits for the film in 2000. Emily Gan’s gown for Emily Of Emerald Hill’s Singapore premiere was his first development.
Heng wrote on Facebook,” That was the generation that launched Wild Rice, and Laichan’s French ribbons and tafetta development was a showstopper.”
He was “hooked,” he declared. He once said,” Theatre gives me a spot to journey.” And dreamed with type, humour, and soul, as he did.
Goh continued to collaborate with Wild Rice on more than 10 performances for more than 20 years, and he also directed pieces for the Singapore Theatre Theatre, Drama Box, Checkpoint Theatre, and Toy Factory, among different theater businesses.
He always had a profound sense of empathy when creating clothing, taking into account who the characters were, the circumstances in which they lived, and how the clothes could represent their feelings. He was aware of the right stitch, the right cut, and how a fabric may reflect the light. And he had a talent for working with a narrow palette, always intentional, often tasteful, often finding poetry in restraint,” Heng wrote.  ,
Janice Koh, an artist and former Nominated Member of Parliament, said:” We’ve lost a historical gold and lovely companion of the artistic community.
Neo Swee Lin, a local theater former who also worked on Phua Chu Kang, said:” We have lost a kind, gentle giant in his area.
Heng said his late companion had “bounce up with ideas for new models, textiles, and weaves” after each care or operation, but few people knew how poor Goh was.
” Often dreaming,” Often creating. Usually a deeply proud Singaporean, with a smile on my face.
Goh’s funeral may be held at Woodlands Memorial, Maxwell Hall Level 7, on April 18 from 2pm, according to The Islands Times. On April 19 at 2 p.m., the death may be held in Mandai Crematorium Service Hall 1. His home has requested that visitors don Laichan or White works.
BBCThe US has “dropped the game” on chip production over the years, allowing China and various Eastern hubs to heat away. Gina Raimondo, the US Commerce Secretary at the time, said this in a 2021 meeting with me.
Four years later, chips are still a hot topic in the US-China race for tech dominance, and US President Donald Trump wants to reinvigorate a very complicated and sensitive manufacturing process that has taken another regions decades to great.
He says his tax plan will conquer the US business and bring work home, but it is also the event that some of the biggest companies have long struggled with a lack of skilled workers and poor-quality make in their American factories.
What did Trump change, then? And is it even possible for the US to make them on a level, given that Taiwan and different parts of Asia are the masters of producing high-precision cards?
Electronics are essential to the power of everything from military planes to electric vehicles to washing machines to smartphones. These small silicon wafers, or cards, were originally created in the United States, but Asia is where the most sophisticated chips are being produced on a massive scale.
Making them is expensive and functionally difficult. For instance, an iPhone may have bits made in the US, made in Taiwan, Japan, or South Korea, and used as natural materials, such as rare rocks, which are primarily mined in China. Second, they might be sent to Vietnam for packing, next to China for legislature and screening, before being shipped to the US for shipment.
Getty ImagesIt is a profoundly integrated ecosystem that has evolved over the years.
Trump has praised and threatened to impose levies on the chip industry. He has told industry leader, Taiwan Semiconductor Manufacturing Company ( TSMC), it would have to pay a tax of 100 % if it did not build factories in the US.
They need to be able to prepare for higher fees and expense calling in the long term, properly beyond Trump’s presidency, given such a complex habitat and fierce competitors. The regular revisions to plans aren’t helping. So much, some have shown a commitment to invest in the US.
The substantial subsidies that China, Taiwan, Japan, and South Korea have given to private businesses producing chips are a major factor in their success.
The US Chips and Science Act, passed into law in 2022 under President Joe Biden’s plan to re-orient the production of cards and extend supply chains, by distributing offers, tax credits, and incentives to encourage local production, was mostly driven by this idea.
Getty ImagesSome companies like the world’s largest chipmaker TSMC and the world’s largest smartphone maker Samsung have become major beneficiaries of the legislation, with TSMC receiving$ 6.6 billion in grants and loans for plants in Arizona, and Samsung receiving an estimated$ 6 billion for a facility in Taylor, Texas.
Trump and TSMC made a further$ 100 billion investment in the US, in addition to the$ 65 billion pledged for three plants. TSMC also benefits from diversifying chip production, with China repeatedly threatening to overthrow its island.
But both TSMC and Samsung have faced challenges with their investments, including surging costs, difficulty recruiting skilled labour, construction delays and resistance from local unions.
This is not just a factory where boxes are made, according to Marc Einstein, research director at Counterpoint, a market intelligence firm. ” The factories that make chips are such high-tech sterile environments that they take years to build.”
And despite the US investment, TSMC has said that most of its manufacturing will remain in Taiwan, especially its most advanced computer chips.
High-quality chips are produced today at TSMC’s plants in Arizona. But Chris Miller, author of Chip War: The Fight for the World’s Most Critical Technology, argues that” they’re a generation behind the cutting edge in Taiwan”.
According to him,” the scale question depends on how much investment is made in the US versus Taiwan.” Taiwan currently has much more capacity.
The reality is, it took decades for Taiwan to build up that capacity, and despite the threat of China spending billions to steal Taiwan’s prowess in the industry, it continues to thrive.
Getty ImagesThe “foundry model,” in which chip makers took US designs and produced chips for other companies, was pioneered by TSMC.
With the best engineers, highly qualified labor, and knowledge sharing, TSMC was able to compete with US and Japanese giants while riding on the wave of Silicon Valley start-ups like Apple, Qualcomm, and Intel.
” Could the US make chips and create jobs”? asks Mr. Einstein. ” Yes, but will they reduce the size of the chips by a nanometer?” Probably not”.
Trump’s immigration policy, for example, may have a role in limiting the arrival of skilled workers from China and India.
According to Mr. Einstein,” Even Elon Musk has had an immigration problem with Tesla engineers,” referring to Musk’s support for the US’s H-1B visa program, which brings skilled workers to the US.
” That’s a bottleneck and there’s nothing they can do, unless they change their stance on immigration entirely. You can’t just magicalize PhDs out of thin air.
Even so, Trump has doubled down on tariffs, ordering a national security trade investigation into the semiconductor sector.
According to Mr. Einstein, “it’s a big wrench in the machine.” For instance,” Japan’s business plan did not include tariffs in its plan of action,” citing the fact that it relied on semiconductors to revitalize its economy.
The longer-term impact on the industry, according to Mr Miller, is likely to be a renewed focus on domestic manufacturing in many of the world’s key economies: China, Europe, the US.
Some businesses might be looking for new markets. In response to export controls and tariffs, Chinese technology giant Huawei, for example, expanded into Europe and emerging markets, including Thailand, the UAE, Saudi Arabia, Malaysia, and many African nations, even though the margins in developing nations are small.
” China ultimately will want to win – it has to innovate and invest in R&, D. Look at what it did with Deepseek”, says Mr Einstein, referring to the China-built AI chatbot.
Everyone will go to them if they make better chips, they say. They can do this right away for cost-effectiveness, and looking forward, they can do it because of the ultra-high-tech fabrication.
In the meantime, new manufacturing hubs may emerge. According to experts who claim there is a greater chance of India joining the chip supply chain because it is geographically closer, labor is cheap, and education is good, India has a lot of promise.
India has indicated its willingness to work with chips, but it also faces challenges related to land acquisition and water, since chip production requires a lot of water of the highest caliber.
Chip manufacturers are not entirely free from tariffs. Due to his reliance on and increasing demand for chips from major US companies like Microsoft, Apple, and Cisco, Trump may have to retaliate.
Some insiders believe intense lobbying by Apple CEO Tim Cook secured the exemptions to smartphone, laptop and electronic tariffs, and Trump reportedly lifted a ban on the chips Nvidia can sell to China as a result of lobbying.
Trump responded to a question about Apple products in particular on Monday in the Oval Office, saying,” I’m a very flexible person,” adding that” there may be things coming up, I speak to Tim Cook, I helped Tim Cook recently.
Getty ImagesEinstein believes that Trump’s ultimate goal is to make a deal, because he and his administration are aware that they can’t just build bigger buildings when it comes to chips.
” I think what the Trump administration is trying to do is what it has done with TikTok’s owner Bytedance. He claims that unless you give Oracle or another US company a stake, I won’t let you run in the US any longer.
” I believe they’re trying to fandangle something similar here- TSMC isn’t going anywhere, let’s just force them to make a deal with Intel and take a piece of the pie,” he said.
But the blueprint of the Asia semiconductor ecosystem has a valuable lesson: no one country can operate a chip industry on its own, and if you want to make advanced semiconductors, efficiently and at scale – it will take time.
Trump is attempting to establish a chip industry through isolation and protectionism, but the key to its development in Asia was collaboration, which is the opposite.
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Malaysia’s officials and officers may continue to convince traders and investors that the country is still committed to opened trade and investment. The government has established a National Geoeconomic Command Centre and a Taskforce for the Ministry of Investment, Trade and Industry to follow improvements in conversation with partners.
The ASEAN Economic Ministers ‘ immediate meeting on April 10 showed that they have collectively opposed punitive levies. Malaysia may further facilitate the smoothing of supply chain adjustments and lessen investor concerns by using its chairmanship to build ASEAN unity.
The Trump administration is more interested in upending the world’s trading program and seeing nations capitulate, as Vietnam’s unsuccessful attempts to offer tax concessions demonstrate. Malaysia and ASEAN nations should also prioritize negotiating with the US, either individually or collectively, and focus their official resources on fostering socially beneficial partnerships and keeping track of sector-specific improvements.
It is important to keep in mind that significant economic shocks frequently cause more harm to less fortunate people, smaller businesses, and poorer nations. Smaller firms suffered the biggest losses from Brexit, while the wealthier nations and citizens recovered more quickly from the COVID-19 crisis.
Places like Malaysia has intensify efforts to reduce risk because the US appears to be trying to do so.  ,
Dr. Stewart Nixon serves as IDEAS ( The Institute for Democracy and Economic Affairs ) Malaysia’s Deputy Director of Research.
Cambodia’s first project bond, guaranteed by the Credit Guarantee and Investment Facility ( CGIF), a trust fund of the Asian Development Bank ( ADB), has been issued by power firm SchneiTec Dynamic ( SchneiTec).
Plaza Media Limited All rights reserved
China editor
” Trump is a mad man,” says Lionel Xu, who is surrounded by his agency’s mosquito repellent products, many of which were once bestsellers in American Walmart businesses.
If President Donald Trump doesn’t lift his 145 % taxes on all Chinese items bound for the US, those items are currently stored in boxes in a Chinese inventory and will be there.
He continues,” This is so difficult for us.”
His business Sorbo Technology sells approximately half of its goods to Americans.
By Chinese requirements, it is a small business with about 400 employees in Zhejiang province. They are not the only ones who are affected by this financial war.
” We are concerned. What if Trump doesn’t make a change of heart? That will be hazardous for our factory, according to Mr. Xu.
Amy is assisting in the Guangdong Sailing Trade Company’s hall in selling ice cream makers. Walmart, one of her main customers, is likewise based in the US.
” We have already stopped generation,” she claims. ” All the products are in the storehouse,” the statement reads.
The sprawling Canton Fair in Guangzhou, the trading gateway of China, had the same tale at almost every hall.
When Mr. Xu speaks with the BBC, he is getting ready to serve some Asian customers with breakfast. They are hoping to lower the price because they are looking for one.
He refers to the taxes as” we will see.” He thinks Trump did back down.
” Maybe it will improve in one or two weeks. Mr. Xu adds with his hands crossed as possible.
Xiqing Wang / BBCAfter world stock markets fell and a sell-off in the US bond market, President Trump briefly halted the vast majority of tariffs last year.
However, he continued to levy transfer taxes on Chinese products when they were being shipped to the US. Beijing reacted by imposing its unique 125 % taxes on American goods.
More than 30 000 companies who have displayed their products at the annual fair in show rooms the size of 200 sports pitches have been perplexed by this.
From washing machines to fall dryers, electric razors to juicers and crepe makers, companies displayed everything in the homewares part. Clients from all over the world visit the stores to try them out for themselves and close deals.
However, the cost of a food blender or vacuum cleaner from China is currently very great for the majority of American businesses to pass it on to their clients.
China’s imports are accumulating on factory floors in the country’s two largest economy, creating an impasse.
Kitchens and living rooms across America will probably experience the effects of this business warfare, where consumers will now be forced to pay higher prices for these items.
China has continued to be stubborn and has pledged to fight this trade dispute “until the end.”
It’s a voice that some people use at the good also. Hy Vian, who wanted to purchase some energy furnaces for his business, resisted the effects of taxes.
” Let them delay if they don’t want us to trade.” We currently have a local market in China, and we will place orders for the best goods in China first.
Xiqing Wang / BBCChina does include a 1.4 billion people, which is theoretically a robust domestic market.
Chinese politicians have also been attempting to encourage consumers to invest in an effort to encourage further progress in a slow economy.
But it isn’t working. Many of the middle classes in the nation have spent their money on house purchases, only to see property prices decline over the past four years. They now want to keep money rather than use it.
China may be better positioned than additional nations to weather the storm, but its economy is also primarily dependent on exports. Export accounted for roughly half of the country’s economic growth next year.
China continues to be the world’s manufacturer, with Goldman Sachs estimating that between 10 and 20 million Chinese people may be focusing solely on US-bound imports.
Xiqing Wang / BBCSome of its employees are currently experiencing the suffering.
There are labyrinths of sessions in Guangdong making clothing, shoes, and bags close to the Canton Fair. Shein and Temu are the two companies ‘ production centers in this area.
Workers will work for 14 hours a day in some factories located on different floors in each tower.
A dozen workers were squatting down to chat and smoke on a road close to some foot companies.
One who was afraid to name his name says,” Things are not going well. His colleague reprimands him to cease speaking. In China, discussing financial issues can be difficult.
” We’ve had issues since the Covid crisis, and now there’s a business conflict. I used to be paid 300-400 yuan ($ 40-54 ) a day, and now I will be lucky if I get 100 yuan a day”.
Xiqing Wang / BBCThe employee claims that these days it’s challenging to find job. Other shoe manufacturers on the street even stated that they only had enough money to live a simple lifestyle.
While some people in China take pride in their goods, others are hurt by the rise in tariffs and know how the issue will stop.
China is dealing with the loss of a trading partner that annually purchases more than$ 400 billion ( £302 billion ) worth of goods, but economists are also concerned that the US could experience a recession.
President Trump, a renowned brinkman, is just one more factor in the confusion. He has continued to push Beijing, but it has refused to step down.
However, it has stated that it will not increase the country’s current 125 % tax rate on US products. They may also engage in various retaliation, but it gives the two parties some breathing room after a week-long economic war.
Washington and Beijing apparently have little in common, and neither part seems eager to approach the table for a deal any time soon.
Some businesses are attempting to find new areas at the Canton Fair in the interim.
Amy hopes that the course of her ice cream makers will change.
” We intend to introduce the new European industry. She goes on to mention Russia as well as Saudi Arabia.
Some people think there is still money to be made in China. Mei Kunyan, 40, claims to make around 10,000 rmb per month at his foot company, which sells to Chinese clients. Many of the world’s leading boot manufacturers have relocated to Vietnam, where labor is less expensive.
The Americas are very challenging, according to Mr. Mei, who has also realized something that other businesses are now discovering.
The Ministry of Manpower said on Tuesday ( Apr 15 ) that employees should be given a day off or a salary in lieu since Polling Day falls on a Saturday.
On May 3, voters in Singapore may vote in the government’s 14th General Election. The consumer has designated Sunday, November 14 as a holiday.
The government wants to inform businesses that Polling Day should be treated similarly to any other common holiday, MOM said.
MOM claimed that all people who are covered by the Employment Act are entitled to paid open festivals.
” The employee is entitled to a day off or pay in lieu of a day off if Polling Day is their non-working time. An employee is entitled to an additional week pay for the day’s work, or to receive a day off, the statement continued.
Additionally, according to the government, businesses have the option of providing time off in lieu for some groups of employees based on a jointly agreed number of hours.  ,
These include those who work for more than S$ 4, 500 per quarter or those who don’t work for more than S$ 2, 600 per month. Additionally, all managers and executives are included.
The Malaysian Digital Economy Corporation ( MDEC ) has announced a number of incentive programs designed to advance industry development and increase the industry’s international competitiveness as a result of Malaysia’s maturing digital creative  and industry emerging as a key driver  of economic growth.
The modern creative  industry is viewed by Anuar Fariz Fadzil, CEO of MDEC, as a strategic economic sector with strong potential to continue to generate high-quality jobs, support local intellectual property, and generate export revenue.
Through these financial incentive programs, we aim to strengthen Malaysia’s full value chain, from skill enhancement to market access, while positioning it as a , a nationally competitive hub for digital content creation, he said.
The modern creative industry, he continued, “attracts professionals who are seriously committed to their craft” and is frequently driven by passion and imagination.  ,
The programs at MDEC aim to support talent to develop economically sustainable articles for local and global audiences while building on their strengths, exploring novel concepts, and utilizing their passions.
Malaysia’s digital content market has grown significantly over the past decade, posting US$ 19.78 billion ( RM87.25 billion ) in revenue and US$ 2.68 billion ( RM11.18 billion ) in export sales, while creating employment for some 11, 154 Malaysians since 2011.
Anuar was speaking at the Digital Creative Industry Engagement Session 2025, where MDEC and the CDC formally launched new financing efforts to support local studios and online content creators in vital industries like games, animation, and the universe. They include:
• The Digital Games Testbed Programme ( DGTP ) provided RM3.5 million in funding to at least five Malaysian game development companies, each eligible for up to RM700, 000. Start to Malaysian-owned game studios with a proven track record and a clear Internet growth strategy, DGTP encourages fresh game genres, strengthens local studios, and encourages international partnerships to place Malaysia as a , competitive game development hub. ]RM1 = US$ 0.227]
• The Animation Shorts Challenge initiative, a competition-based initiative designed to promote high-quality, digital content in Malaysia. The  program assists local creators in creating impactful animated shorts through structured competition and industry mentorship.
films with strong Intellectual Property ( IP ) potential are frequently referred to as shorts. The initiative aims to strengthen skills, creativity, and global market readiness by bridging local talent with industry leaders. RM1.2 million will be used to support the development of 12 new animation shorts and IPs, and support 12 trained participants.
• The Business in Metaverse Programme aims to assist Malaysian businesses in utilizing metaverse technologies for brand engagement and immersive commerce. This program will support 200 businesses, each eligible for up to RM5,000, in implementing metaverse-based marketing strategies with a total funding of RM1 million. Businesses can increase customer engagement and brand visibility in , the evolving metaverse landscape, by integrating digital tools like , virtual storefronts, gamified marketing strategies, and branded digital assets.  ,
Anuar reaffirmed MDEC’s commitment to advance all aspects of the digital economy, including fostering local innovation, supporting local industry players, and creating a , resilient digital ecosystem while promoting jobs and opportunities.  ,
The newly announced incentives are intended to promote sustainable industry growth,  , attracting international investment, and positioning Malaysia as a major player in the already global digital creative landscape, he said.
Visit https ://mdec.my / for more information on these initiatives, including application details and deadlines, and  .
As Beijing’s trade dispute between the United States and China gets worse, a report from on Tuesday ( Apr 15 ) revealed that China has instructed its airlines to stop taking deliveries of jets from the American aviation giant Boeing. The two biggest markets have been engaged in a tit-for-tatContinue Reading
The fear that Trump’s actions, including deportations, saw destruction of national agencies by people barely in their teens, are being heard in the press regularly, which raises the alarm even louder.
The naive shriekers Bill Ackman, Larry Fink, Larry Summers, and numerous others are unaware that there is no risk because Trump’s strategy was always put forth in public before the election, which he has not publicly disclosed.
We now know this from a 64-minute “infomercial” produced by stock producer Butler Stansberry on April 1 in a staged interview with renowned Trump inside and investment advisor Brad Thomas.  ,
His most powerful conclusion:” The left-wing advertising have the most appropriate read on his ideas… Trump does want to destroy the economy, they’re actually correct” ( minute 14: 30 of the video stream ).
Thomas describes himself as a “dyed in the sheep Trump nationalist” and a dependable consultant who has been strongly linked to Trump’s real estate interests for many years. At Mar-a-Lago, he and Trump discussed the destruction strategy.
Trump’s acknowledgment that fixing America’s utterly untenable finances may result in massive losses regardless of who is in charge is at the heart of the plan he reveals. Trump and his near personal advisers came to two conclusions.
First, it is preferable to carry out” a controlled destruction of the financial markets” similar to a managed forest burn to “get rid of dead lumber” than to allow a careless collapse as in previous recessions. Next, it is preferable to front-run the unavoidable fall so that he can bear all the consequences.  ,
This is a repeat of Ronald Reagan’s effective campaign to reclaim his victory in the election year’s first. Similar to this strategy, this one ensures that” Trump’s son J D Vance ascends to the throne in 2028.”
Only by identifying three distinct groups of Trump supporters:  , can one understand the current controversies in the economic hit?
* The person at the heart of the business who was aware of the program.
* The opportunistic traders and financiers who backed Trump predicted a smooth economic recovery that would sustain the economy.
* Those associates of the electorate who voted for Donald Trump out of frustration over woke philosophy and immigration.
The inner core knew the strategy and moved their assets, probably shorting the areas that were currently in need of destruction.  ,
The other two are merely fools. No one wants to believe that their person, who they put their faith in, would do this, as Thomas Thomas asserts. It appears to be a travesty of every promise he made on the campaign road, but Trump” don’t say it before the election because no one would have voted for him if he hadn’t.”
They may suffer severe financial loss. This sweeping discovery explains the increasingly contentious disagreements between Trump’s camp members over the past few weeks.
Looking back to earlier overbuilding of railway in the 19th centuries and fiber optics in the 20th, which, after their accidents, led to solid economic growth, one may say the plan draws inspiration from the Schumpeterian concept of creative destruction.  ,
There is no official record of this, according to Stansberry, but those in the inner circle, like Brad, are aware of what is about to happen. Thomas contends that “what’s on the other side of this economic reset is, in my opinion, the greatest period of wealth creation that America has ever seen.”
The extended sales pitch provides a lot of insightful analysis, noting in particular that Biden’s “booming economy” was solely fueled by skyrocketing debt. Real wages were actually declining. ( The claim that wages were increasing was based on nominal wages. )
The inner core accepts with utmost certainty that the planned actions could “decimate millions of investors,” but that” there is no other option, because America is on the precipice.” Tens of millions of people will experience financial chaos.
Some of the most profitable companies of today will be” crushed,” while a select few will make millions following a reset. What will occur on the other side of this crisis will result in greater wealth than anyone could have imagined ( should infomercial watchers adhere to the presentation’s instructions )?
There will be two ways for this to occur:
* recommending investments in businesses that Stansberry advises are poised to rise in the new policy environment of deregulation, degreening, and redirected federal financial flows.
* Interest rates will decline as a result of the market crash, easing the purchase of the assets that were impacted by the crash by those with cash and credit. Trump will be able to force the Fed’s hand ( to lower interest rates ) by crashing the economy right now.  ,
The presenters ‘ advice to avoid making up their minds about what is about to happen and to:
* Sell all assets immediately in case of panic because you are not comfortable holding them. Stansberry mentions Boeing and  , Apple, while Thomas specifically mentions overpriced AI and technology. Get cash right away!
* Purchase the six organizations Stansberry suggests buying from ( the infomercial’s pitch ):” Trump’s secret companies,” which are Trump’s friends who made money for him and are now about to collect.
*” The big money will be made in the under-resourced businesses that Trump’s inner circle and his powerful supporters, people he won’t let suffer during the coming reset, will support”
A” controlled demolition” or” controlled burn” is only typically carried out after establishing barriers or firebreaks and ensuring that no one is in danger of harm’s way.  ,
People who might be affected by the market crash that is currently being engineered may want to pay close attention to how carefully planned and meticulously executed Trump’s plan is. In any case, it is Irving Kristol’s famous insight about contemporary America:
There is nothing wrong with this nation, which couldn’t be resolved by a protracted, painful depression.
After co-authoring a a classic study of warfare, Jeffrey Race spent 50 years researching and teaching economics, political science, and technology transfer in Asia. He currently oversees a Boston-based electronics design firm.  ,
