Govt hails lower prices of goods in markets
2022-11-06
The prices of basic produce and meats have fallen, which shows inflation is slowing, according to Commerce Minister Jurin Laksanawisit.Continue Reading
Learning lessons from dependency on a hostile power
2022-11-05
Many of us who live in liberal democracies used to believe in something we called “engagement” with authoritarian powers such as China and Russia. Germans had a more specific phrase for it: “Wandel durch Handel”, which means change through trade. Russia’s invasion of Ukraine, however, has taught us to replace these phrases with a different […]Continue Reading
New era upside of Meta’s share price collapse
2022-11-05
Facebook may not be the original social media platform but it has stood the test of time – until recently. Meta, the company that owns Facebook, Instagram and WhatsApp, saw its value plummet by around US$80 billion in just one day at the end of October, after its third-quarter profits halved amid the global slowdown. […]Continue Reading
Alibaba Cloud announces final nominees for AsiaStar 10Ã10 campaign to recognize innovation in Southeast Asia
2022-11-05
11 out of 100 awardees are based in Malaysia including Saora Industries
Part of Project AsiaForward initiative to celebrate tech led entities in SEA As part of its Project AsiaForward initiative, Alibaba Cloud has teamed up with tech ecosystem partners to celebrate the diverse achievements of tech-driven entities in Southeast Asia.
Known as…Continue Reading
Country poised to beat tourism target
2022-11-05
Thailand is on course to surpass its target to attract 10 million foreign visitors this year as Malaysians and Indians lead the return of holidaymakers, even as zero-Covid rules keep most Chinese travellers at home.Continue Reading
US pressing Japan to follow its China chip ban
2022-11-04
China has warned Japan of undisclosed consequences if it follows the United States in imposing chip export bans against it, urging Tokyo instead to reject what it sees as Washington’s “bullying behavior.” China’s foreign ministry issued the comments after an unnamed Japanese government insider was quoted by Nikkei as saying that Tokyo had received a […]Continue Reading
Tokyo’s ‘Iron Lady’ is no cause for alarm in Beijing
2022-11-04
TOKYO — Other than trolling China, it’s still a mystery why Japanese Prime Minister Fumio Kishida chose Sanae Takaichi to run the fledgling Ministry of Economic Security. There again, what this one-year-old agency does, exactly, is its own riddle. On the face of it, it should be grabbing global headlines: It has the authority to […]Continue Reading
China stocks eye best week in years on audit, reopening hopes
2022-11-04
Unsubstantiated social media posts flagging an aim to relax COVID-19 rules in March have also driven optimism all week and seemed to get new momentum on Friday from the appearance of Guang Zeng, former chief expert of epidemiology, at a Citi investor conference on the topic of China’s exit fromContinue Reading
Singapore bank OCBC’s Q3 profit surges to record on rates
2022-11-04
Singapore-based OCBC’s net profit increased to S$1.6 billion in July-September versus the S$1.55 billion average estimate from four analysts, according to Refinitiv data. “Net interest income grew on higher net interest margin and loan growth was sustained,” Group Chief Executive Helen Wong said in a statement on Friday. OCBC, whichContinue Reading
Despite soaring US yields, dollar risk favors gold
2022-11-03
The last time the yield of inflation-protected US Treasuries stood at 2 percent – just before the 2008 World Financial Crisis – gold traded at $800. Today the 10-year inflation-protected yield is back at 2%, yet gold trades at more than twice that price. For the past fifteen years, gold has traded in a straight […]Continue Reading