PENT-UP NEED President Xi Jinping said this week which he was concerned about a good influx of travellers to rural areas with poor medical systems, and that protecting the elderly : many of whom aren’t fully vaccinated – was a top priority. China reported a huge jump in COVID-19 hospitalisationsContinue Reading
The many unfinished buildings — most owned by Chinese investors — lining the streets of the coastal town of Sihanoukville may be symptomatic of the Cambodian economy entering 2023. Cambodia’s economic rebound in 2022, with GDP growth of 4.8%, has been slower than many had hoped. For 2023, the Ministry of Economy and Finance has pegged […]Continue Reading
Part 1 is here. It is vital for India to identify critical dependencies, with criticality being defined in terms of the essentiality, quantitative utility and multi-sector relevance of the imported items (product categories and subcategories) as well as the singularity, stability, and vulnerability of their import origins vis-à-vis the viability and readiness of domestic and […]Continue Reading
HiSilicon, a fabless semiconductor unit of China’s Huawei Technologies, has used up all its smartphone chipset inventory with no clear source of new supplies as Taiwanese fabs are no longer allowed to produce chips for it under US sanctions. The Shenzhen-based firm has seen its global smartphone chipset market share fall to zero in the […]Continue Reading
The Bank of Japan’s surprise policy tweak sent US government bonds down sharply, but US Treasury Secretary Janet Yellen probably hasn’t seen anything yet. As the BOJ allows the yen to appreciate at long last, Yellen’s team may soon find itself short of buyers for US Treasuries in Asia and beyond. As Japanese government bond […]Continue Reading
Foreign tourist arrivals to the country are on track to exceed the government’s 2022 target by 15%, according to the Tourism Authority of Thailand (TAT).Continue Reading
SINGAPORE – Singapore’s export-reliant bellwether economy is bracing for tough times in 2023 with trade expected to shrink or record no growth amid weakening global demand, tighter liquidity and persistent inflation. Accordingly, many economists foresee a possible technical recession in the first half of next year. Though the Ministry of Trade and Industry (MTI) does […]Continue Reading
Services inflation eased to 3.6 per cent in November from 3.9 per cent the preceding month, mainly on account of a smaller increase in airfares. Electricity and gas inflation fell to 16.7 per cent in November from 19 per cent in October, partly due to the higher base a yearContinue Reading
BANGKOK: Thailand saw 10.9 million arrivals between January and Dec 20 this year, Tourism Authority of Thailand governor, Yuthasak Supasor told an online briefing on Friday (Dec 23). “The top markets were Malaysia, India and Laos,” he said, adding that arrivals could exceed 11.5 million arrivals for the full year.Continue Reading
China will provide its people with domestically-produced Covid booster shots instead of foreign ones, despite the fact that US-made mRNA vaccines have a proven higher protection rate against serious illness and morbidity. The announcement pinpricks earlier speculation that Beijing was preparing to lift its ban on the use of foreign vaccines made by Moderna and […]Continue Reading