China’s economic aspirations have evolved rapidly. What has remained constant for centuries is a determination to return to the domestic wealth and international power that most Chinese view as the only acceptable norm for a civilization that long led the global economy. Under Deng Xiaoping and Jiang Zemin (1978– 2003), the leadership’s model of how […]Continue Reading
Before putting money in a digital wallet, do you check if the provider is licensed by the Monetary Authority of Singapore? Or read through its terms and conditions? CNA asks lawyers whether you should be doing these things.Continue Reading
SINGAPORE: Over about four years, a married man targeted five women into sending him sexually explicit pictures and videos by posing as a pimp from a prostitution ring or the boss of a lingerie business. One victim, who told him she was in debt and needed money, wound up doingContinue Reading
SINGAPORE (Reuters) – Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry. Read full storyContinue Reading
Trading in cryptocurrencies is “highly risky and not suitable for the general public”, the Monetary Authority of Singapore reiterated.Continue Reading
Almost five years to the day that he inaugurated a “new era of socialism with Chinese characteristics”, General Secretary Xi Jinping returned to the Great Hall of the People to renew his ‘common prosperity’-based agenda of modernization and national rejuvenation. In his report to the 20th National Party Congress, Xi acknowledged the darkening geopolitical clouds on the horizon — the “black swans”, unpredictable dangerous […]Continue Reading
While European energy prices have eased slightly in recent months, stress continues to build across a continent that has long been dependent on access to cheap Russian energy. Protests related to high energy costs have been held from Belgium to the Czech Republic. Fuel shortages have led to long queues to buy gasoline at fuel stations in France. The Don’t Pay […]Continue Reading
Southeast Asia’s second-largest and once one of its most dynamic economies is struggling under the weight of an aging population, a deteriorating education system and low-yield rice farming. Thailand looks trapped as a middle-income country, unable to get rich, and stuck between a younger, dynamic Vietnam and a larger Indonesia. Getting out of its economic […]Continue Reading
Sri Lanka’s fiscal situation has been facing turmoil since the global financial crisis of 2008 as well as the 26-year-long civil war that ended in 2009, draining the country of valuable resources over the years. The present economic breakdown is a result of various political missteps, which cascaded into the collapse of the political administration […]Continue Reading
“NO WORK LEFT” Many of the flood-displaced in southern Sindh province have sought shelter in urban centres, including tens of thousands recorded at relief camps and many more in the homes of relatives or rental properties. With homes and livelihoods washed away, some are expected to abandon their rural lives,Continue Reading