TOKYO — When Larry Summers says it’s bad, you know it’s bad. Ex-Treasury Secretary Summers made his bones amid the wreckage of the 1997-98 Asian financial crisis. Summers was a key member of the financial fire brigade tending to — and at times making worse — a blazing meltdown that left big scars. As such, […]
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The European Union is preparing to impose a new tranche of sanctions against Myanmar’s democracy-suspending, coup-installed military regime, but behind the new measures, a debate rages about whether Brussels should revoke the benighted nation’s EU trade privileges. In particular, many European and Myanmar trade unions are calling for Myanmar’s suspension from the Everything But Arms […]
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SINGAPORE: Singapore’s Temasek Holdings said that market valuations had not yet priced in a global economic recession and that the state investor was waiting for further declines before stepping up investments. “Current valuations are not reflecting the risk of downturn we see in the next 12 to 18 months,” Temasek’sContinue Reading
First they came for factory jobs. Then they showed up in service industries. Now, machines are making inroads into the kind of white-collar office work once thought to be the exclusive preserve of humans. Read full storyContinue Reading
KUALA LUMPUR: The FBM KLCI erased losses made earlier in the day to end the morning session slightly higher even as regional markets slumped. Read full storyContinue Reading
Russia’s effort to conscript 300,000 reservists to counter Ukraine’s military advances in Kharkiv has drawn a lot of attention from military and political analysts. But there’s also a potential energy angle. In its call for reservists, Russia’s leadership specifically targeted oil and gas workers for the draft. One might assume that energy workers, who provide […]
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Part 1 of this series concluded that “currency hedging is not just costly and in some countries prohibitively so, preventing companies access to credit and grow, but it brings a misallocation of talents in a floating world.” Historically, countries have not managed exchange-rate gyrations well. Their experiences, Japan being prominent, show how accurate Paul Volcker was […]
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Supporting small farmers and local fishermen is one method of achieving sustainable food production, said former Deputy Agriculture Minister Wiwat Salayakamthon yesterday at the week-long Sustainability Expo 2022.Continue Reading
Phuket will host the Spartan Apac Championship 2022 in November, a gruelling series of races that is expected to attract 5,000 runners and generate 1 billion baht for the local economy.Continue Reading
INCREASE WAIT-OUT PERIOD Private home owners will have a 15-month wait-out period before they can purchase a non-subsidised HDB resale even. This will kick in once they have sold their property. The new principle will also apply to people who sold their personal property prior to posting an application toContinue Reading