Google was fined 4.3 billion euros (US$5 billion) by the European Union (EU) and ordered to change the way it puts search and web browser apps on Android mobile devices, setting a global record for antitrust penalties.The penalty - the same amount the Netherlands contributes to the EU budget every year - is far higher than any other dished out by the United States (US), Chinese or other antitrust authorities.

Among business leaders in Myanmar, would-be investment from the United States (US) and Europe is known by the wry acronym NATO.“No Action, Talk Only,” Sean Turnell, special economic consultant to Myanmar’s leader Aung San Suu Kyi, said in an interview, underscoring the country’s history of missed opportunities and unfulfilled potential.As Southeast Asia’s fastest-growing economy began the transition from five decades of military rule to democracy with the swearing in of the first popularly-el

In the last few years, for many people and their leaders, globalisation has become a scourge to be purged in favour of greater protectionism and unilateralism. This represents a sharp departure from the recent past, when globalisation was widely regarded as a positive force. What changed, and why?Key components of globalisation include greater cross-border mobility of goods, labour, and capital, each of which promises significant overall benefits for economies.

In March this year, the world was rocked by the Cambridge Analytica scandal. The United Kingdom (UK) based data analytics and political consulting firm that worked on Donald Trump’s 2016 presidential campaign had obtained data from 87 million Facebook users worldwide without proper permission.

“The Association of Southeast Asian Nations (ASEAN) was never an integration project but a sovereignty upholding project,” said Michael Vatikiotis, Regional Director for the Asia Centre for Humanitarian Dialogue at an ASEAN Roundtable held in Singapore last year.The comparison of ASEAN to the European Union (EU) is a thought exercise that many, would have no doubt contemplated for obvious reasons.

From ubiquitous palm oil and rubber estates in Malaysia to long beaches and pristine waters in Indonesia, Southeast Asia is home to a wide array of resources and locations of interest. Italy, a European giant in its own right, is observant of this matter and has realised the tremendous financial potential that the region has to offer.

The negative sentiments stemming from the European Union’s (EU) ban on palm oil is exerting pressure on the crude palm oil (CPO) price. In January 2018, members of the European parliament passed votes to amend a draft law on renewable energy. Although the bill is subject to further debate by the European Council, its call-for-action towards the reduction of palm oil derived biofuels and bioliquids, is adversely affecting the price of CPO.

Sustainable energy development is a challenge when meeting rising energy demands especially in developing economies. However, Vietnam is one ASEAN nation that is up to the task.According to the country’s National Energy Development Plan, energy demand forecasts indicate that by 2035, the total final energy demand will be more than double than levels in 2015.

The European Union (EU) and ASEAN celebrated 40 years of diplomatic relations in 2017, with trade characterising the strongest dimension of their relationship thus far. As ASEAN chair, Singapore this year hosted the sixth ASEAN-EU Business Summit, which coincided with the 24th ASEAN Economic Ministers’ (AEM) Retreat in Singapore from 1-3 March, 2018. At the ASEAN-EU Business Summit, opening remarks were delivered by Donald Kanak, Chairman of the EU-ASEAN Business Council, H.E.

Two Myanmar journalists working for an international newswire who have not been heard from since they were arrested last week should be immediately released, the EU demanded Tuesday.The sudden detention of reporters Wa Lone, 31, and Kyaw Soe Oo, 27, who work for Reuters, has spread fears about diminishing press freedoms in Myanmar, where Aung San Suu Kyi's civilian government is under growing global pressure over human rights abuses.The two men, who have been held incommunicado since Dec