TikTok chief executive officer Shou Zi Chew testified before the US House of Representatives Energy and Commerce Committee on March 23 amid a chorus of calls from members of Congress for the federal government to ban the Chinese-owned video social-media applicationt and reports that President Joe Biden’s administration is pushing for the company’s sale. The […]Continue Reading
The Pheu Thai Party has vowed to take charge of all ministries that handle economic affairs to carry out its campaign policies if it is elected to lead the government after the next election.Continue Reading
Lead strategic growth initiatives, including expansion of 5G & digital infra
Leading Axiata to exciting & transformational journey of Telco to TechCo Axiata Group Bhd, one of Asia’s leading telecommunications groups, announced on Fri the appointment of Vivek Sood (pix below] as its new Group CEO and Managing Director, effective 24 March…Continue Reading
SINGAPORE: It started out as strictly business: a huge private contract for one of the world’s most advanced undersea fibre-optic cables. It became a trophy in a growing proxy war between the United States and China over technologies that could determine who achieves economic and military dominance for decades toContinue Reading
China’s food imports have increased significantly since the nation joined the World Trade Organization (WTO) in 2001. Annual imports and net imports of food reached US$160 and $93 billion, respectively, between 2019–2021. But as rural incomes rise and China’s population falls the gap for trade to fill between domestic food production and consumption in the […]Continue Reading
By all accounts, Vietnam’s poverty reduction is a staggering achievement. Extreme poverty fell from 49% in 1992 to about 4% in 2021, and according to the new multidimensional poverty (MDP) index, multidimensional poverty is now close to 9%. Vietnam was the first country in the Asia-Pacific region to adopt MDP measures, using them since 2015 […]Continue Reading
TOKYO – If you’re wondering why Japan continues to make it easy for China’s economy to race ahead, look no further than events at Toyota Motor. In decades past, Japan’s most celebrated name disrupted the US and Europe with innovation and productivity methods the West struggled to match. Now, a similar disruption is happening to Toyota. The electric […]Continue Reading
Federal Reserve policymakers have targeted a “soft landing” for the US economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the US into recession. But the Fed’s decision to raise rates by a quarter point on March 22, […]Continue Reading
HONG KONG: Hong Kong needs to watch carefully for any further “spillover” from US regional banks, although the city has very little exposure to the situation in European and US financial institutions, the Hong Kong Monetary Authority said on Friday (Mar 24). The failure of two US banks and aContinue Reading
SHANGHAI: More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing’s crackdown on major tech companies hurt the super wealthy, a ranking of the world’s wealthiest showed. China lost 229 billionaires from the Hurun Global Rich List 2023, accountingContinue Reading