How realistic is Biden’s semiconductor revival plan?

US Secretary of Commerce Gina Raimondo has made her recommendations for the revitalization of America’s semiconductor industry, a plan that is pivotal to retaining US economic leadership but one that also raises hard questions about government interference in the private sector and potential damage caused to US allies in Europe and East Asia. In a […]Continue Reading

Big spender Anwar buying political staying power

SINGAPORE – Malaysian Prime Minister Anwar Ibrahim has unveiled the largest budget in his nation’s history replete with measures aimed at lowering the cost of living through subsidies and direct cash payments, even as his three-month-old administration claims to be trying to narrow the fiscal deficit. The record 388.1 billion ringgit (US$87.5 billion) spending plan […]Continue Reading

FMM: Budget 2023 lacks specific support for manufacturing

Agrees reintroduction of GST not ideal now but urges govt to consider it for 2024
Disappointed National TVET Apprenticeship & National Automation Fund idea not adpted The revised Budget 2023, unveiled recently by Finance Minister Datuk Seri Anwar Ibrahim with the theme “Membangun Malaysia Madani”, is the Unity Government’s first budget which outlines its policies and priorities. 
The…Continue Reading

Without some carrots, sanctions less likely to work

There is a paradox with economic sanctions. They tend to command widespread support within the sanctioning country yet frequently fail to change the behavior of the targeted country. Despite 20 years of sanctions, North Korea can now make a nuclear strike anywhere within the United States. It also supplied infantry rockets and missiles to the […]Continue Reading

Aerodyne Group executes 21st M&A with stake in Italian drone services company, Aiviewgroup

Italian commercial drone market to grow to US$595mil in 2026
Expands Europe presence, after Germany, Austria, Switzerland Aerodyne Group, the world’s leading drone solutions provider, announced its twenty-first global M&A today, entering the Italian market directly through a strategic investment in Aiviewgroup, the top drone service provider in Italy.
This is Aerodyne’s second…Continue Reading

G20 finance chiefs differ on debt, Russia-Ukraine war

Besides the G7 nations, the G20 bloc also includes such countries as Australia, Brazil and Saudi Arabia. A senior G20 source said negotiations over the communique were difficult, with Russia and China blocking proposals by Western countries. The source and several other officials said barring a last-minute surprise, a consensusContinue Reading