In late February, US President Joe Biden announced that the United States had placed the nomination of Ajay Banga to be the next head of the World Bank, established in 1944. There will be no other official candidates for this job since, by convention, the US nominee is automatically selected for the post. This has been the […]Continue Reading
The Pheu Thai Party insisted yesterday its policy to give away 10,000 baht to everyone aged 16 and older can be implemented as soon as Jan 1 next year to replace the current state welfare card if it becomes the new government.Continue Reading
The Fourth Army is prohibiting political parties from campaigning at restricted areas inside conscription venues, said its commander, Lt Gen Santi Sakultanak.Continue Reading
TOKYO — Since 2013, Governor Haruhiko Kuroda has been morphing the Bank of Japan into the world’s biggest hedge fund – and, all in all, it’s not going well. On Saturday (April 8), Kuroda will leave BOJ headquarters, handing successor Kazuo Ueda the worst job in international finance. As Ueda gets to work, all eyes […]Continue Reading
Unlike past governors who traditionally hailed from the central bank or the powerful Finance Ministry, Mr Ueda is an academic by training.Continue Reading
As China draws down dollar holdings and the yuan trumps the US greenback in Russia, more and more economists are asking if an inflection point has been reached. Count Nobel laureate Paul Krugman firmly in the “no” camp. “The dollar’s dominance isn’t under threat,” the New York Times columnist argues. Others aren’t so sanguine as […]Continue Reading
Pakistan is on the edge of defaulting on its financial obligations. In 2022, climate change led to severe floods in the country and Russia’s invasion of Ukraine affected food and energy supply chains. Both events exacerbated Pakistan’s economic difficulties. But volatile politics have hamstrung any coherent government response. Pakistan is simultaneously trying to cope with […]Continue Reading
SINGAPORE – Malaysian Prime Minister Anwar Ibrahim has cast his recent maiden state visit to China as a major foreign policy win, securing a record 170 billion ringgit (US$38.6 billion) worth of investment commitments from Beijing all the while asserting his country is non-aligned in the escalating New Cold War pitting Washington versus Beijing. The […]Continue Reading
China has developed an all-in-one train ticketing system that can unite the widely different ticket-selling platforms in more than 140 countries on a smartphone app, according to the top national rail science academy. The system has been tailor-made for member countries of China’s Belt and Road Initiative – the world’s largest infrastructure investment campaignContinue Reading
In the Xi Jinping era, China has struggled to balance how its economic ambitions play beyond its borders. What may look like savvy reform plans in Beijing can easily get lost in translation abroad. Case in point: Communist Party leader Xi is assuming even greater control over China Inc even as insiders argue new Premier […]Continue Reading