Marcos Jr’s economic boomlet could be short-lived

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MANILA – President Ferdinand Marcos Jr trumpeted the particular Philippines’ fastest economic growth rate within recent memory in the World Economic Discussion board in Davos within a bid to stoke new investor interest in his country. Based on the latest data launched by the Philippine Stats Authority (PSA), the Southeast Asia nation’s gross domestic item (GDP) expanded […]#@@#@!!Continue Reading

Russia oil price cap accelerates de-dollarization

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The oil “price cap” of US$60 per barrel for Russian oil is a controversial move by the European Union and G7. The price cap prohibits Western insurers and shipping companies, which account for more than 90% of the marine insurance industry, from servicing vessels that carry Russian oil above $60 per barrel. The intention is lofty — […]Continue Reading

Jerome Powell’s China problem is just beginning

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TOKYO – Investors betting that the US Federal Reserve is throttling back on interest rate hikes aren’t paying attention to events in China. The jump in oil and other key commodity prices already points to a China reopening trade that’s likely only just beginning. In the last month, Xi Jinping’s economy swung suddenly from “zero-Covid” […]Continue Reading

Luno Malaysia Assures Customers Operations Remain Unaffected Following Parent Company Layoffs

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Layoffs has not affected ops in Malaysia, Singapore, and Indonesia “Important to reiterate to everyone that customer funds are safe” Digital asset exchange Luno’s recent announcement of the layoffs for roughly a third of their staff globally is the result of “an incredibly tough year”, but will not affect operations in the…Continue Reading

CEO says US chip ban won’t hurt ASML China revenue

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Despite Western media reports that the Netherlands would follow the US guidelines on technology exports to China, ASML’s chief executive Peter Wennink said Wednesday that the company would probably maintain its level of exports to mainland China this year. ASML’s sales of chipmaking equipment to China rose from about US$700 million in 2016 to US$2.8 […]Continue Reading

Indonesia pushing for OPEC-style nickel cartel

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Indonesian Minister of Investment Bahlil Lahadalia suggested that Indonesia is looking into forming an OPEC-style cartel for nickel and other inputs used in battery production. Nickel is becoming a hot commodity as it is a key input in the manufacture of lithium-ion batteries needed for electric vehicles (EVs) — and Indonesia has the world’s largest nickel ore […]Continue Reading