BRI vs PGII spoils Asia for infrastructure choice

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Since the launch at the Number of Seven (G7) summit in June 2022, the Partnership for Global Infrastructure plus Investment (PGII) continues to be met with both interest and skepticism. Facilities development has been a perennial bane for building countries, whose capability to face challenges ranging from urbanization to climate change is constrained by limited sources. […]

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Five arrested in Hong Kong over Southeast Asia job scams

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HONG KONG: Five Hong Kongers have been arrested for allegedly setting up job scams in which victims were lured to Southeast Asia and then held against their will, police announced on Sunday (Aug 21). In recent months, victims have reported travelling to countries such as Myanmar, Cambodia, Thailand and Laos onContinue Reading

CHIPS Act lures Taiwan’s GlobalWafers to Texas

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Taiwan’s GlobalWafers is set to build a new semiconductor wafer factory in Texas, leveraging into the subsidies on offer from the new CHIPS Act signed into law by President Joe Biden on August 9.   GlobalWafers is expected to spend about US$2 billion on the facility initially and $5 billion eventually as wafer production, sales […]

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