SEOUL: South Korea’s central bank said the lagged effects of its aggressive streak of monetary tightening would have a bigger negative impact on economic growth this year than in 2022. The Bank of Korea (BOK) estimated that its 300 basis points of rate increases in the current tightening cycle wouldContinue Reading
Ten years ago, when China’s leader first took power, Xi Jinping pledged to let market forces play a “decisive” role in economic policy and financial regulation. At the time, and since, foreign investors assumed that meant the government would set the private sector free. Yet a decade on, Xi is now making an argument few […]Continue Reading
Japan is mulling the use of drones for aerial interception missions as the cost of scrambling manned fighter aircraft becomes increasingly unsustainable amid intensified Chinese air incursions. This month, Nikkei reported that the Japan Self-Defense Forces (JSDF) are considering using drones instead of manned aircraft to intercept foreign aircraft that intrude into Japan’s airspace. The […]Continue Reading
Thousands of people assembled at the Lincoln Memorial in Washington, DC, on February 19 to protest against the US proxy war using Ukrainians as cannon fodder to bring down Russia. It took as its name “Rage against the War Machine,” and it sought to bring together people of all political persuasions in opposing the war. “Everyone in; […]Continue Reading
LONDON and SINGAPORE – Prime Minister Anwar Ibrahim’s three-month-old administration won a key legal victory last week when Abu Dhabi’s International Petroleum Investment Co (IPIC) and its Aabar Investments PJS unit agreed to pay US$1.8 billion to settle a legal dispute linked to the sprawling 1Malaysia Development Berhad, or 1MDB, scandal. The two sides had been […]Continue Reading
COLOMBO: Sri Lanka’s president said on Tuesday (Mar 7) that China had agreed to restructure its loans to the bankrupt island nation, clearing the final obstacle to a long-awaited International Monetary Fund (IMF) bailout. An unprecedented economic crisis has seen Sri Lanka’s 22 million people suffer acute food, fuel andContinue Reading
Increasingly unreliable weather patterns are pushing farmers into the city in search of better livelihoods. Now is the time to adapt, writes Thong Sariputta
The post In Cambodia, climate change is already driving migration appeared first on Southeast Asia Globe.
There has been a certain buzz around the baht, but the attention could be short lived if the Thai government fails to navigate deeper structural problems, says a researcher.Continue Reading
Russian Foreign Minister Sergei Lavrov made headlines over the weekend when his claim the Ukraine war was “launched against” Russia provoked laughter from the audience during a forum in India. But I was in the room and can report he also received applause and indifference. Understanding why can help explain the differences in views on […]Continue Reading
BEIJING: China is confident of achieving its 2023 economic growth target as the economy picks up, the vice head of the state economic planner said on Monday (Mar 6), after China set a modest growth target of around 5 per cent for this year. Domestic stock indexes opened subdued onContinue Reading