China’s Canadian canola probe consolidates a trade war – Asia Times

The worldwide trading system regularly experiences price wars, and China and Canada have long-standing tensions. These price wars are mainly caused by political tensions.

In 2019, for example, China banned American beef exports following the confinement of Huawei’s chief executive officer, Meng Wanzhou. Many viewed it as a political reaction to the gap between Ottawa and Beijing, despite China citing the use of banned nourish additives in French meat as the justification.

China is currently threatening to look into Canada’s possible sunflower exports. Dumping refers to a type of cost bias in global trade, where a product is sold on both domestic and export industry at different rates. In essence, it involves selling a product on a international market for less than its domestic market ordinary value.

Following Canada’s implementation of a 100 % tariff on electric vehicles and a 25 % tariff on China’s steel and aluminum, which became effective on October 1, 2024, this decision was made. It is obvious that China’s action is a strong retribution for the taxes on electric vehicles.

Trade hostilities between nations is seriously stifle global trade. Prior study demonstrated how trade between Canada and the United States, specifically in the agri-food sector, was negatively impacted by Donald Trump’s presidency.

The mere danger of an anti-dumping work may prevent exports, making anti-dumping regulations a form of non-tariff challenge, even when the work is not actually imposed. Although China has just announced a dumping research, the costs of sunflower oil prospects are already being impacted.

Anti-dumping techniques

Both Canada and China must follow the WTO’s rules for their trade policies in order to cooperate with them.

Members of the WTO can take legal action to defend their local markets from dumping under the WTO’s platform. However, such activities may follow the established WTO protocols, including issuing complaints through the firm’s debate settlement mechanism.

The WTO’s Anti-Dumping Partnership outlines how countries can listen to dumping. In this situation, China would need to show that Canada is dumping sunflower, as well as quantifying the volume of the dumping, and that it is harming Chinese sunflower producers.

If China’s analysis uncovers proof of dumping, it has the right to impose anti-dumping jobs. When it is established and demonstrated that dumping has harmed the local business, these duties are imposed.

The danger or imposition of these taxes could severely impede American canola imports to China, which would have serious consequences for French farmers who rely heavily on international markets to sell their goods.

Canada’s sunflower trade to China

Canada exports 90 % of its entire sunflower production, with exports of sunflower seed, fuel and food equivalent to$ 15.8 billion in 2023. China is Canada’s second-largest supplier of rapeseed, after the US, with goods totaling$ 5 billion in 2023.

This indicates that China contributed almost one-third of Canada’s total sunflower trade worth that year. Importantly, the US is the largest marketplace for canola oil and food while China is the largest marketplace for canola seed.

Canola is primarily exported to China in its primary form ( seed ), as opposed to processed products ( oil and meal ). According to the information, sunflower grain exports to China were stable between 2014 and 2018 before a significant decline, which continued until 2023.

This decrease comes at the same time as Canada and China’s political tensions, which suggests that trade issues can have a significant negative impact on diplomatic business. So, signalling the current trade conflict could have devastating effect for sunflower producers, especially as China accounts for about 65 % of Canada’s sunflower seed trade.

Also, Canada’s sunflower imports have shown minimal growth, relying heavily on only four places: the US, China, Mexico and Japan. Together, these countries accounted for 98 % of Canada’s total trade value in 2023.

The US led with imports worth$ 8.6 billion, representing 54 % of Canada’s total exports, followed by China with$ 5 billion ( 32 % ), Mexico with$ 1 billion ( 6 % ), and Japan with$ 883 million ( 5.6 % ).

This heavy emphasis on a couple industry heightens Canada’s vulnerability to business problems. Canola had become weak in the Chinese market if China imposes anti-dumping taxes, and Canada could face losing 30 % of its sunflower import price to different potential customers.

The Canola Council of Canada recognizes China as a significant and valuable source of income for the country’s rapeseed.

What’s the way forward?

Like numerous advanced markets, Canada seeks to protect its domestic industry from the flood of low-cost Chinese items, such as electric vehicles. Canada must be cautious, especially when implementing business plans from bigger nations like the US and the European Union.

In contrast to Canada, a small, open market that is more prone to engaging in a trade war with China, these larger economies have greater leverage in global business conversations.

Additionally, it is crucial that electric automobiles become more affordable for the common French to help Canada move quickly to a natural business and help it meet its weather goal of selling all electric vehicles by 2035.

Canada may look into other measures like safeguards or tax rate quotas for Chinese electric cars in order to lessen trade tensions with China. Those approaches may be mutually helpful and less likely to inspire tit-for-tat retaliation.

Different Canadian industries that rely on Chinese consumers would suffer if China were to impose a expensive tariff on electric cars. Canada needs to be careful in its efforts to protect workers in the auto market from threats to those in the agricultural industry.

Canola producers, in particular, may possibly bear the cost of Canada’s punitive tariff on China. China might target a number of other industries, as well, because it would probably react by retaliating by reducing its own exports.

Given that trade wars with big international market players are becoming more frequent, Canada must work to reduce diplomatic tensions and stop trade wars. New trade disputes, including those with the US during the NAFTA renewal, Saudi Arabia over human rights issues and China following the confinement of a Huawei professional, can drastically destroy Canada’s export competitiveness.

At the University of Guelph, Sylvanus Kwaku Afesorgbor is an associate professor of agri-food industry and coverage.

This content was republished from The Conversation under a Creative Commons license. Read the original content.

Continue Reading

Asia shares slip, China inflation surprisingly soft

Despite US stock futures rising from an early dip and bond yields coming off their lowests, Asian share markets slumped on Monday ( Sep 9 ) after worries about a potential US economic downturn weighed on Wall Street. The Asian giant’s consumer price index ( CPI ) data revealed thatContinue Reading

Hong Kong is trying to lure travellers from elsewhere beyond the mainland. Who else is on its wishlist?

To plug into the educated Middle Eastern industry, the Hong Kong government has been promoting its products to people of the Gulf Cooperation Council, which comprises Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.

By establishing stronger collaborations and attracting more traders and travelers from this crucial place, these initiatives aim to expand Hong Kong’s economy.

Finding trip guides who can talk Arabic or Farsi, as well as other Middle Eastern dialects, is challenging, according to Mr. Lam from HKFTU, but efforts are being made to find more English-speaking guidelines.

While South Asian and Muslim markets are “growing quickly,” mainland visitors continue to be the main group, according to Assoc Prof. Wan. &nbsp,

As such, even as Hong Kong aims to tap other areas, it is very unlikely these efforts may reduce the push to get mainlanders, she noted.

CHASING MICE AND OTHER Businesses

Hong Kong has also been training its sights on rebuilding the key MICE ( meetings, incentives, conferences, and exhibitions ) sector, which was decimated by the pandemic.

The town welcomed 700, 000 MICE guests in the first quarter of 2024, about 80 per share of 2018 rates. Officials anticipate that this year’s number of major activities will increase from 150 to over 210, probably attracting 1.7 million visitors.

MICE travellers are usually bigger spenders, forking out an average of Supplier$ 8, 000 per explore- 20 per share to 30 per cent higher than the average spend of another over visitors, according to HKTB.

Discussions &amp, Exhibitions Hong Kong, a division of HKTB, claims that Hong Kong will variety over 60 MICE activities from September to the end of the year.

More away, the area is set to welcome activities like SIGGRAPH Asia, a computer graphics agreement, in December 2025. It was last held in Hong Kong in 2013. &nbsp,

One of the biggest events taking place in the country in 2026 is the World Cancer Congress and the International Federation of Landscape Architects World Congress.

Beyond chasing MICE, Hong Kong is also looking to tap other businesses. Regulators have been positioning the area as a social hub on the global stage by fostering local skills in music, video, style, and architecture.

Continue Reading

Asian markets can recover and rise further despite volatility: Analysts

The notion” when the US sneezes, the earth catches a cool” is extremely important here, said Mr Chen Jingwei, chief investment strategist of money management system Wrise Private Singapore.

He cited the interconnectedness of the global economy in terms of supply chains and financial businesses, saying that” the synchronized decline in both US and Asian markets shows how global investor sentiment has changed, with a shift toward safer assets like government bonds and investment-grade record.”

Nvidia only, along with expectations of a rate cut in the US, are also considerable forces in the market, said Mr Chen.

The researchers also made a point about how dangerous September has previously been for companies, with Mr. Cheo noting that the month has experienced the biggest stock market adjustments over the years.

This year, owners even have two main events to deal with, besides the US employment report on Friday, Mr Menon added.

He cited the Fed appointment a week later on September 10 and the conversation between Donald Trump and Kamala Harris on September 10 back of a November election.

Prospects IN SECTORS, Marketplaces

Nevertheless, observers claimed that the tech industry still has potential for the long term, even though it may have been hit harder in recent years.

” We maintain a bullish outlook on generative (artificial intelligence ) and Nvidia”, said Mr Chen of Wrise Private. ” Powerful demand from servers and AI remains unchanged, and we continue to view business falls as buying&nbsp, options”.

He even said defense industries like real estate, services, and consumer items appear more tenacious in a lower interest rate environment. &nbsp,

Mr. Cheo of HSBC stated that the company is still supportive of the technology sector but wants to give more of its stock to US commercial companies. &nbsp,

The lender wants to reduce its holdings of consumer voluntary stocks in response to the slowdown in growth and price volatility in the auto and electric vehicle industries.

Broadly, &nbsp, Asia’s financial website benefits from fundamental trends, AI-driven technology and an investment surge fueled by supply chain revamps and natural transformation, he said.

To capitalize on their growth changes and to benefit from corporate leadership transformation victors in some areas, Mr. Cheo continued,” We favor equities in Japan, India, and South Korea.”

Mr. Menon, an OCBC journalist, claimed that India’s young people and its massive economy could see more growth.

Domestic demand is driving the country’s economy, and India had gain as businesses try to diversify their businesses away from China.

” We are also optimistic on the Singapore bourse, where prices are relatively low, and the market offers many offer opportunities for those looking for earnings,” he said, adding that REITs or Etfs are anticipated to perform better as interest rates drop.

Continue Reading

Thai PM Paetongtarn to prioritise tackling B16bn household debt

Thailand's Prime Minister Paetongtarn Shinawatra gestures during a group photo session ahead of a special cabinet meeting at Government House in Bangkok on Saturday. (Reuters photo)
Before a particular case meeting at Government House in Bangkok on Saturday, Thailand’s Prime Minister Paetongtarn Shinawatra poses for a group photo. ( Reuters photo )

Thailand’s new government intends to launch a comprehensive debt restructuring to address the estimated$ 474 billion of home loan, provide small businesses with financial aid, and increase fiscal stimulus to boost growth.

According to a draft policy speech seen by Bloomberg News, the bill remodel may apply to the entire system and will be specifically targeted at easing auto and home loan lenders. On September 12th, Prime Minister Paetongtarn Shinawatra will make the strategies public. &nbsp,

The program will also support the informal market, and will be implemented through state-owned financial organizations, commercial banks and property management businesses.

According to Ms. Paetongtarn, the government is concerned about rising non-performing loans and household debt that is more than 16 trillion baht, or more than 90 % of GDP. The primary minister may claim that the debt is causing disparity between the rich and the poor, with growth concentrated primarily in Bangkok and big cities.

The coalition government led by her Pheu Thai Party and supported by a number of pro-establishment and nationalist organizations will list their interests in the scheme speech. After her father Srettha Thavisin was dismissed by a judge over an ethical violation, the youngest child of the eminent previous head Thaksin Shinawatra’s youngest daughter was elected by congress last fortnight. &nbsp,

Ms Paetongtarn, the third member of the influential Shinawatra clan to lead the country, faces the challenge of boosting a$ 500 billion economy that’s lagged its neighbours with an average 1.9 % growth rate during nearly a decade of military-backed rule. &nbsp,

Thailand’s youngest premier will need to convince foreign investors that she can set up a steady administration, steer clear of conflict with the central bank, and push policies to help revive tourism and support manufacturing growth.

The country’s economic growth rate is anticipated to be no more than 3 % annually, according to Ms. Paetongtarn, which will push public debt close to the legal maximum of 70 % of GDP in 2027. ” So, it is a great challenge that the government had immediately restore the government’s economy to grow clearly again soon”.

While Ms. Paetongtarn’s government plans to carry out the majority of Mr. Srettha’s plan initiatives, it likewise borrows from a road map created by her father Thaksin next month to create a new Thailand. The policy statement makes clear that more economic stimulus is required, but it does n’t go into specifics about the contentious cash handout plan that Mr. Srettha’s administration is working on.

Digital budget

The top will address the legislature by stating that there is a needed to “build confidence and inspire spending, along with alleviating the burden of expenses and increasing opportunities for employment, with a focus given to vulnerable groups and the promotion of the digital wallet project, which will lay the foundation for the modern economy,” as well as” to build confidence and inspire spending, along with alleviating the burden of expenses and increasing opportunities for employment. &nbsp,

After a special cabinet meeting on Saturday, Ms. Paetongtarn stated that her government will continue with the so-called digital wallet program, which guarantees about 50 million adult Thais each a dollar and will follow the law. About 14.5 million people, including 1 million with disabilities, may be covered in the first phase of the programme in September, officials have previously said.

The strategy to help small and medium enterprises, which account for about 35 % of the workforce and GDP, will include debt suspension, access to liquidity and steps to shield them from unfair foreign competition through online platforms, according to the policy blueprint. &nbsp,

The new administration will speed up the process of creating a more democratic constitution that guarantees political stability, guarantees human rights, and upholds the rule of law. &nbsp,

Ms. Paetongtarn is scheduled to state that” Thailand has been dealing with political instability and intense ideological conflicts for a long time, which have had an impact on investor confidence both domestically and internationally and have continued to have an impact on economic growth.” ” Therefore, this government must restore the confidence of both Thais and foreigners by developing politics in a democratic regime to be strong, stable, have the rule of law and transparency”.

Other crucial decisions that the draft includes include:

  • lowering energy and utility costs by changing direct purchase agreement regulations, developing strategic petroleum reserves, and exploring alternative energy sources, particularly those that lie in claims that cross Cambodia and Cambodia.
  • Redesigning the tax system to give income distribution a priority and integrating more than 50 % of the grey economy into the tax system
  • examining the viability of a” step-by-step tax refund system” for low-income people.
  • Promoting tourism by changing the MICE groups and the so-called digital nomads ‘ visa requirements, introducing amusement parks, entertainment complexes, and holding concerts, international sporting events, and introducing new tourism initiatives.
  • accelerating the negotiation of free trade agreements with significant trading partners and preparing to join the Organization for Economic Co-operation and Development ( OECD ) as a member.
  • ensuring that the marriage equality law is effectively implemented
  • promoting the land bridge proposal with the private sector and continuing to invest in large-scale transportation projects, new airports, and
  • focusing on creating a wellness and medical hub, including medical marijuana.
  • modifying laws to make Thailand a financial hub
  • promoting Thailand as a producer of clean energy, creating free electricity trading markets, and granting carbon credits
  • Starting from cutting off the source of production and distribution by cooperating with neighboring countries, we must first and foremost solve the drug problem.

Continue Reading

Thai PM Paetongtarn to prioritise tackling B16tn household debt

Thailand's Prime Minister Paetongtarn Shinawatra gestures during a group photo session ahead of a special cabinet meeting at Government House in Bangkok on Saturday. (Reuters photo)
Before a particular case meeting at Government House in Bangkok on Saturday, Thailand’s Prime Minister Paetongtarn Shinawatra poses for a group photo. ( Reuters photo )

Thailand’s fresh government intends to slash household bill by approximately$ 474 billion, provide small businesses with financial aid, and increase fiscal stimulus to boost growth.

According to a draft policy speech seen by Bloomberg News, the bill remodel may cover the entire system and will be specifically targeted at easing consumers of car and house loans. On September 12th, Prime Minister Paetongtarn Shinawatra is scheduled to make the strategies public in congress. &nbsp,

The program will also support the informal market, and will be implemented through state-owned financial organizations, commercial banks and property management businesses.

According to Ms. Paetongtarn, the government is concerned about rising non-performing funding and household debt that is more than 16 trillion baht, or more than 90 % of the gross domestic product. The prime minister will claim that the rich and the poor are disproportionately impacted by advancement in Bangkok and big places due to the debt.

The coalition government led by her Pheu Thai Party and supported by a number of pro-establishment and nationalist organizations will list their interests in the scheme speech. After her father Srettha Thavisin was dismissed by a judge over an ethical violation, the youngest child of the eminent previous leader Thaksin Shinawatra’s youngest daughter was elected by congress last fortnight. &nbsp,

Ms Paetongtarn, the third member of the influential Shinawatra clan to lead the country, faces the challenge of boosting a$ 500 billion economy that’s lagged its neighbours with an average 1.9 % growth rate during nearly a decade of military-backed rule. &nbsp,

Thailand’s youngest top will need to convince foreign investors that she can set up a steady administration, steer clear of conflicts with the central bank, and support policies designed to stop a slump in manufacturing and support tourism growth.

Ms. Paetongtarn will state that if there are no financial and fiscal measures that support economic expansion, the country’s economic growth rate is anticipated to be no more than 3 % annually. This will result in a rise in public debt close to the legal maximum of 70 % of GDP in 2027. ” So, it is a great challenge that the government had immediately restore the government’s economy to grow clearly again soon”.

The management of Ms. Paetongtarn will continue to implement the majority of Mr. Srettha’s coverage initiatives, but it also uses a blueprint from her father Thaksin’s announcement last month to create a new Thailand. The administration’s controversial cash handout plan is being pursued by Mr. Srettha’s administration, but the policy statement does n’t go into specifics.

Digital pocket

The premier may address the government to urge the government to “build confidence and inspire spending, as well as ease the burden of expenses and increase employment opportunities, with a particular focus on vulnerable groups and the advertising of the digital wallet project, which may lay the foundation for the modern economy.” &nbsp,

Following a particular case meeting on Saturday, Ms. Paetongtarn stated that her government will continue with the alleged digital wallet program, which guarantees 10 000 baht for each of the estimated 50 million adult Thais. About 14.5 million people, including 1 million with disability, may get covered in the first step of the program in September, authorities have recently said.

The strategy to help small and medium enterprises, which account for about 35 % of the workforce and GDP, may include debt suspension, access to cash and measures to shield them from harsh foreign rivals through online channels, according to the plan template. &nbsp,

The new administration will speed up the process of creating a more democratic constitution that guarantees political stability, guarantees human rights, and upholds the rule of law. &nbsp,

According to Ms. Paetongtarn,” Thailand has been dealing with political instability and intense ideological conflicts for a long time, which have had an impact on investor confidence both domestically and internationally, and have continued to have an impact on economic growth.” ” Therefore, this government must restore the confidence of both Thais and foreigners by developing politics in a democratic regime to be strong, stable, have the rule of law and transparency”.

Other crucial decisions that are included in the draft are:

  • lowering energy and utility costs by changing direct purchase agreement regulations, developing strategic petroleum reserves, and exploring alternative energy sources, particularly those that lie in claims that cross Cambodia and Cambodia.
  • reorganizing the tax system to give income distribution more weight and integrating more than 50 % of the grey economy into the tax system
  • examining the viability of a” step-by-step tax refund system” for low-income people.
  • Promoting tourism by reviving the MICE groups’ and the so-called “digital nomads” visa requirements, adding amusement parks, entertainment complexes, and holding concerts, international sporting events, and other important changes.
  • advancing the signing of free trade agreements with significant trading partners and preparing to join the Organization for Economic Co-operation and Development ( OECD ) membership.
  • ensuring that the marriage equality law is effectively implemented
  • promoting the land bridge proposal with the private sector and continuing to invest in large-scale transportation projects, new airports, and
  • focusing on creating a wellness and medical hub, including medical marijuana
  • modifying laws to make Thailand a financial hub
  • promoting Thailand as a producer of clean energy, creating free electricity trading markets, and granting carbon credits
  • Starting with halting the supply and distribution of drugs by cooperating with neighboring nations, we can solve the drug problem decisively and comprehensively.

Continue Reading

Insect-eating advocates face a culinary challenge: taste

Getty Images A salad topped with cricketsGetty Images

The chef urged the man in the buffet line to try the steaming, spicy dish, a palm soup broth stuffed with “textured baseball protein,” saying,” Think of it as bowling bread, like carp bread.

A dish of chilli crickets was served following, a fan-favorite Taiwanese dish that was stir-fried mud crabs covered in a rich, spicy sauce.

It looked like any other meal, except for the key component in every meal: insects.

A girl who had a stiffly scooped stir-fried Asian glass noodles with chopped crickets on her dish and a man who refused to give up the young chef was in the audience.

You may have anticipated the guests to devour the dinner. After all, they were one of more than 600 scientists, businesspeople, and environmentalists from all over the planet who had gathered in Singapore as part of a goal to produce tasty insects. Flies to Feed the World is the conference’s title, which epitomized it.

And yet more people were drawn to the multiply that contained insects next to the meal. It was the typical suffer, some would have argued: wild-caught barramundi infused with lemon and salt, grilled sirloin steak with vegetable jelly, a palm fruit cake.

Some two billion people, about a third of the country’s population, now eat insects as part of their everyday diet, according to the United Nations.

A growing number of bug advocates who support insects as a healthier and environmentally conscious choice may add them, in their opinion. But will saving the planet convince people to try their favorite creepy crawlies?

à la flies

” We have to focus on making them delicious”, said New York-based restaurant Joseph Yoon, who designed the cricket-laced list for the event, along with Singaporean restaurant Nicholas Low. Just beetles were permitted for the occasion.

” The idea that bugs are green, thick with nutrition, you address food security, and so on”, is not enough to make them appealing, let alone appetising, he added.

Only six insects, according to research, could provide a person with normal protein requirements. And raising them required less water and land than raising cattle.

Some places have given mosquito diets a push, if not a press. Singapore recently approved 16 sorts of pests, including crickets, caterpillars, insects and sweet bees, as meals.

It is among a handful of states, inlcuding the European Union, Australia, New Zealand, South Korea and Thailand, that are regulating what is still an eventual edible insects business. Estimates vary from$ 400m to$ 1.4bn ( £303m to £1.06bn ).

Flies to Feed the World Nicholas Low (third from right) and Joseph Yoon (fourth from right) led the team that prepared the cricket buffet for Flies to Feed the World participantsFlies to Feed the World

Provide restaurants like Nicholas Low, who had to find ways to “break down” pests so they could make with them because they were n’t always willing to try them “in their initial form.”

Mr. Low remade the well-known dish for the conference by replacing the typical fishcake with chopped cricket patties.

He claimed that there was also work needed to cover up the pungent smell of the bugs. Because the glories of the original recipe kept people away from the crushed bugs, meals with” strong flavours,” like dish, were excellent.

Insects, according to Mr. Low, gave him little room to test. Often deep-fried for a pleasant crunch, or floor to a fine flour, they were unlike meats, which made for functional cooking, from braises to picnic.

He was unable to imagine cooking with crickets every day:” I’m more likely to cook it as a special dish that is a part of a larger menu.”

Some restaurants have been attempting to do it since Singapore approved cooking with bugs. A seafood restaurant has switched from serving crickets on their satays and squid-inked pastas to sprinkling them on the side of a fish head curry.

Of course, there are others who have shown more interest in the task. For the past ten years, Takeo Cafe in Tokyo has been serving customers with insects.

A generous scoop of ice cream with three tiny grasshoppers perched on it, as well as a cocktail made of silkworm poo, are on the menu.

BBC/Kelly Ng Seasoned crickets from Global Bugs Asia, a Thai-Swedish startup that offers cricket food productsBBC/Kelly Ng

” What’s most important is]the customer’s ] curiosity”, said Saeki Shinjiro, Takeo’s chief sustainability officer.

What about the environment? ” Customers are not concerned so much”, he said.

Just to be on the safe side, Takeo also has a bug-free menu. When creating the menu, we make sure to avoid prejudice against those who do not eat insects. Some clients are merely coming to see their friends, according to Mr. Shinjiro.

” We do not want such people to feel uncomfortable. There is no need to eat insects forcibly”.

Our food and we

It has n’t always been this way, though. In various parts of the world, insects have been a valued food source for centuries.

In Japan grasshoppers, silkworms, and wasps were traditionally eaten in land-locked areas where meat and fish were scarce. Takeo’s manager Michiko Miura said the practice resurfaced during food shortages in World War Two.

In Mexico City, diners can get hundreds of dollars for ant larvae, a dish once regarded by the Aztecs as a delicacy, while crickets and silkworms are popular snacks at night markets in Thailand today.

However, experts who study bugs believe that these culinary traditions have been fading as a result of globalization because people who consume insects now associate the diet with poverty.

There is a “growing sense of shame” in places with a long history of insect consumption, like Asia, Africa and South America, said Joseph Yoon, the New York-based chef.

They are embarrassed about eating insects because that is not the way it is done elsewhere and they now see glimpses of foreign cultures through the internet.

Flies to Feed the World Crickets on toast Flies to Feed the World

Anthropologist Julie Lesnik argued that colonialism had made eating insects more difficult because of her book Edible Insects and Human Evolution. She claimed that Christopher Columbus and expedition members characterized native Americans ‘ consumption of insects as having “bestiality… greater than any beast on the face of the earth.”

Of course, people’s attitudes could change. After all, most people were once unfamiliar with gourmet foods like sushi and lobster.

Sushi started out as a working-class dish found in street stalls. And lobsters, known as the “poor man’s chicken”, were once fed to prisoners and slaves in north-eastern America because of their abundance, said food researcher Keri Matiwck from Singapore’s Nanyang Technological University.

However, more and more people were introduced to the crustacean as transportation networks made it simpler to travel and food storage became more popular. As demand increased, so did its price and status.

Foods once seen as “exotic”, or not even regarded as food, can gradually become mainstream, Dr Matwick said. ” ]But ] cultural beliefs take time to change. It will take a while to get people’s perceptions of insects to change from disgusting to dirty.

Some experts advise parents to raise their children to be more tolerant of unusual food, including insects, because the climate crisis will have a full impact on the future.

Insects may well become the” superfoods” of the future, as coveted as quinoa and berries. Instead of being sought after for the joy that a buttery steak or a hearty bowl of ramen brings, they might be eaten grudginly.

For the time being, Singapore chef Nicholas Low thinks there is nothing compulsioning people to alter their diets, especially in wealthy areas where almost anything is just a click away.

Younger consumers may be willing to taste them out of curiosity, but the novelty will wear off, he said.

” We are spoilt for choice. We like our meat as meat, and our fish as fish”.

Continue Reading

How busy mothers can start investing: ‘I put every ang pow into investments for my kids’

Since she became a mom, she has invested her son’s money– yet before they could count.

She also deposits cash into their expense account each month to cover school expenses and other expenses as they go along.

“]Children ] are very expensive. And you are aware that their costs will only go up over time. You must be able to handle that.

” Cash does not get you pleasure, but it buys you choices. The Singapore everlasting tenant stated that a large portion of my children’s options is the chance to do the higher education of their choosing.

But, Horton noted that people typically invest less than men, an study reflected in international research. She thinks there’s a cause for this, perhaps because of the passage of time. &nbsp,

There is considerably less time for a working person who is also the primary caregiver of her children. Investing may be far over on their to-do listing,” she said.

There is an option cost associated with this. If we look around the globe, prices is increasing. Items are still getting more expensive, and she claimed that the actual value of your money is declining.

” For many people, it’s improbable for income and revenue to keep up with]inflation]. One way to avoid inflation is to invest in assets that will generate returns that may hit inflation, she said.

” If you do everything with your income, S$ 10, 000 gets S$ 10, 000 18 years later. If you put it into savings and timed payments, you could potentially turn that into S$ 12, 800, based on historical info. A 28 % return perhaps appear respectable at face value. However, because of inflation over the course of 18 years, the actual price of that money would actually be 50 % less.

According to the annual rates of return for the US and global stock markets, the return would be about 8 % per year if you had put that money in a diversified portfolio. That S$ 10, 000 may have turned into around S$ 40, 000. You would have been carefully better off than cpi”, she explained.

Continue Reading

Parliament approves B3.75tn budget as Paetongtarn takes power

A man applies for the digital wallet scheme on the first day of registration on Aug 1, 2024. The 2025 buget budget outlay includes a provision to partly fund the programme. (Photo: Apichart Jinakul)
On the first day of membership, on August 1, 2024, a person applies for the electronic pocket scheme. A clause is included in the finances for the year 2025 that would allow for the program to be partially funded. ( Photo: Apichart Jinakul )

A 3.75 trillion baht funds for the fiscal year beginning in October has been approved by the House of Representatives, which will help newly-elected prime secretary Paetongtarn Shinawatra to lower state spending and ratchet up a booming economy.

309 legislators voted in favor of the budget bill in its third and final studying late on Thursday in the 500-member House of Representatives. It proposes a 4.2 % increase in federal spending from the revised outlay for the current fiscal year. At the conclusion of a three-day conversation, 155 lawmakers cast a vote against the budget bill. &nbsp,

The Senate will now be given the opportunity to approve the bill, which may take effect once it has been made public in the Royal Gazette. &nbsp,

A clause in the budget includes a provision to partially finance the coalition government’s questionable money handout to rekindle consumption and manufacturing. Southeast Asia’s second-largest economy, which is suppressed by slow exports, weak exports, and a manufacturing sector that is weakened by affordable imports, generally from China, is up for grabs from Ms. Paetongtarn.

The new president has pledged to take measures to raise the nation’s economy from a” issue” and she’s owing to unveil the particulars of her administration’s plans in Parliament next year. The so-called “digital bag” program, which offers 10,000 baht to nearly all adult Thais, will be revised under her state. The program aims to increase economic growth to 5 %, more than twice the average sub-2 % growth rate for nearly a decade under military-backed rule.

Since Ms. Paetongtarn was nominated as the new president on August 15, Thailand’s economic areas have seen the end of months of political unrest. The standard SET Index has soared by about 9 %, signaling the end of the month-long upheaval. The ringgit has increased by approximately 3.7 % over the same time, reaching its highest levels in more than a year as a result of a wider rally in anticipation of US Federal Reserve rate reduces later this month.

The budget proposals include a deficit financing of 866 billion baht, or 4.5 % of gross domestic product, based on projected growth of 2.8%-3.8 % next year. The government projects a range of 1.1 to 2.1 % for headline inflation, with a GDP surplus of 1 % for current accounts.

Continue Reading