HK may finally lift quarantine rules in Nov

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Hong Kong’s government is expected to announce this week a further relaxation of its Covid-19 quarantine rules by November to attract more international travelers and restore the city’s sagging standing as an international business hub, according to local press reports. All incoming travelers to Hong Kong must now stay at designated hotels at their own […]

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Race to hike rates guarantees global recession

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TOKYO — Punchbowls everywhere are becoming endangered species as central bankers scramble to yank them away with increasing urgency. Nowhere more so than here in Asia.

This metaphor is courtesy of William McChesney Martin, the US Federal Reserve’s longest-serving chairman who held the position from 1951 to 1970. He famously said a monetary authority’s role is that of a “chaperone who has ordered the punchbowl removed just when the party was really warming up.”

Since the 2008 Lehman Brothers crisis, the catchphrase markets most associate with central banks is “whatever it takes.” Mario Draghi, then-president of the European Central Bank, famously uttered these words in July 2012 amid debt-market turmoil on the continent. A year later, Bank of Japan Governor Haruhiko Kuroda would embrace a similar mantra.

Today, officials are racing to do what they can to tame inflation and keep up with current US Federal Reserve Governor Jerome Powell’s tightening cycle.

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S Korea seeks neutral ground in US-China chip war

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In: Asia, Technology

TOKYO – Cina and South Korea have agreed to establish a new Collaborative Supply Chain Council to address any disruptions of the extensive and interdependent economic relationship in a timely fashion. In what could be taken as pointed irony, the Dong-A Ilbo documented that “With the particular supply chain change beginning in earnest directed by the […]

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America’s AI edge fading fast to China

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A new statement warns that the ALL OF US may lose the technological edge over China by 2030 if it doesn’t step up on strategic sectors critical to sustaining its advantages. The report, titled “Mid-Decade Challenges to National Competitiveness, ” was launched this month by congressionally-mandated National Security Commission on Artificial Intelligence (NSCAI), a completely independent commission established […]

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Dropee, after passing Endeavor’s Local Selection Panel, aims to reshape SEA’s B2B e-commerce

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In: Technology

Effort in growing more sales by providing robust on-ground activation teamsCan grow into being No . 1 B2B SaaS player, regionally and soon, globally even Unparalleled growth against her peers, after successfully increasing US$7 million for their Series A financing, Lennise Ng, Haslinda Rasip, and Aizat Rahim, co-founders associated with Dropee…Continue Reading

Putin’s war paves way for China’s Eurasia dominance

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What had been suspected for some time has now come out into the open: China has “concerns” about Russia’s invasion of Ukraine. While this is hardly a big surprise, the source and venue of this admission is. Few would have expected Vladimir Putin himself to make such a statement – and perhaps even less so […]

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