Fed’s ‘soft landing’ likely to land in recession

Federal Reserve policymakers have targeted a “soft landing” for the US economy since beginning their effort a year ago to tame runaway inflation by hiking interest rates. That is, they believed they could do so without sending the US into recession. But the Fed’s decision to raise rates by a quarter point on March 22, […]Continue Reading

Eye on China, Hun Sen tightens his military control

As Cambodian Prime Minister Hun Sen’s plan to hand power to his eldest son gathers pace, the long-ruling premier is consolidating his control over a fractious defense ministry that some observers believe was running parallel but separate diplomatic channels to China.    Tea Banh, the defense minister since the 1980s, is believed to have been the […]Continue Reading

Time for China to spend more and save less

The atmospherics surrounding the recent National People’s Congress all came down to one question: when exactly will China become the world’s biggest economy? Communist Party leader Xi Jinping didn’t offer a specific answer. But it’s clear that the new reform team Xi has assembled is accelerating the timeline by prioritizing consumption over investment. There’s not a […]Continue Reading

When leaders get scared

While it may look like the United States is being tough and forceful in Ukraine, the reverse is true. The US is showing incredible weakness, and it is wearing it on its sleeve. Let’s start with Ukraine. The US has gone all out to try and help Ukraine win a victory over the Russians.  The Biden […]Continue Reading

Inspirational role models

To mark this year’s International Women’s Day, a number of extraordinary women from a wide range of fields who have inspired change in their communities through the pursuit of excellence have been named the Bangkok Post’s Women of the Year.Continue Reading

All eyes on PBOC as US banking woes go global

Yi Gang, the governor of the People's Bank of China, has tried to reassure investors. Photo: AFP / Wang Zhao

If Governor Yi Gang’s staff at the People’s Bank of China had been planning a vacation in 2023, it might be time to cancel. The PBOC’s surprise move on March 27 to lower the reserve requirement ratio (RRR) for financial institutions by 25 basis points is the first official acknowledgment that troubles from Silicon Valley […]Continue Reading