TPP’s Demise Doesn’t Mean China’s Outright Victory

TPP’s Demise Doesn’t Mean China’s Outright VictoryWith the US-led Trans Pacific Partnership (TPP) now officially in limbo after President Donald Trump backed out, Asian markets are open for China to dominate. That is the analysis that has dominated the world media in depicting the post-TPP scenario. But for one thing, it fails to quantify the so-called domination and the myriad challenges…

Latest Singapore Economic Roadmap Marks Time

Latest Singapore Economic Roadmap Marks TimeAnyone familiar with past economic Singapore plans for facing the future would recall how radical they could be. Then Finance Minister Goh Keng Swee in the early 1960s led with bold industrialisation plans centered on the Jurong area and on the late 1960s decision to allow foreign banks to set up the Asia Currency Unit…

China and the US Contradict Each Other on Trade

China and the US Contradict Each Other on Trade“Pursuing protectionism is like locking oneself in a dark room,” said China’s President Xi Jinping at the World Economic Forum in Davos. “Wind and rain may be kept outside, but so is light and air.” Is China the new global champion of free-trade? Xi’s words of warning were directed at the new American President Donald…

Australia and a US–China Trade War

Australia and a US–China Trade WarIt’s time for Australia to get ready for a trade war between the United States and China. Our security alliance partner looks set to pick a fight with our biggest customer. And all this on the back of the US abandonment of the Trans-Pacific Partnership, a rules-setting trade deal in which Australia was heavily invested.…

Economic Outlook 2017: Thailand

Economic Outlook 2017: ThailandThailand’s economy is poised for modest growth in 2017 as solid domestic spending is expected to offset weaker export growth. Confidence is expected to return as the country puts a long period of mourning its late King Bhumibol Adulyadej behind it and rallies around Vajiralongkorn, his successor. “The Thai economy shows signs of a nascent…

India’s Budget Presented under Shadow of Banknote Ban

India’s Budget Presented under Shadow of Banknote BanArun Jaitley, India’s finance minister, this week presented his annual Budget aimed at bouncing the country’s political and economic focus away from the miseries of prime minister Narendra Modi’s three-month-old bank note ban and at projecting an economy with increased growth and less corruption. The demonetization – or cancellation – of 1,000 rupee and 500…

Economic Outlook 2017: Hong Kong

Economic Outlook 2017: Hong KongSlow economic growth, rising wages and prices, political instability, lower property values, confrontation between the United States and China over trade or security, and Mainland interference in the rule of law are just some of Hong Kong’s concerns going into 2017. “Headwinds remain from weak global growth, local property tightening measures, a more aggressive Fed…

Economic Outlook 2017: Taiwan

Economic Outlook 2017: TaiwanTaiwan’s economy is expected to continue its recovery in 2017 on the back of a pick-up in exports as the global economy improves. However, the upward trend is expected to remain gradual due to an uncertain international and domestic political environment. According to the government’s Directorate-General of Budget, Accounting and Statistics, Taiwan’s economy got back…

Economic Outlook 2017: Philippines

Economic Outlook 2017: PhilippinesA weakening currency was not enough to stop the Philippines posting gross domestic product growth of 7.1%, one of the fastest in the world. The peso fell 5%, hitting a seven-year low in September 2016. However, this has been widely seen as a strength, boosting revenue from overseas workers’ remittances and making the country’s outsourcing…

Trouble in the Air

Trouble in the AirThis winter, the air quality in Delhi plummeted so low – with record levels of the tiniest and the deadliest particles that can enter the lungs and other organs – that even the National Capital Territory’s chief minister, Arvind Kejriwal, was forced to admit that the metropolis had turned into a “toxic gas chamber”. The city’s…