The Overseas Private Investment Corporation (OPIC) is set for a revamp, and it is squarely aimed at countering China’s growing geopolitical influence. While the United States (US) government’s development finance institution seems like America’s answer to China’s Belt and Road Initiative (BRI), as they both serve to improve socio-economic development, there are several key differences.
For the West, the year 2008 marked the beginning of a difficult period of crisis, recession, and uneven recovery. For China, 2008 was also an important turning point, but one followed by a decade of rapid progress that few could have foreseen.
Jakarta commuter Irnawati can spend up to four hours daily in her car, but now she and millions of others may get some relief as the traffic-clogged Southeast Asian city opens its first mass rapid-transit (MRT) system.
Vietnam is going through a transformative period. The economic reforms undertaken by the ruling Communist Party have transformed the country into one of the fastest growing economies in the world.
Earlier this month, the Maharashtra government in India signed a Memorandum of Understanding with British billionaire and Virgin Hyperloop One chairman, Richard Branson to build a hyperloop between Mumbai and Pune.
The recent announcement by Thailand’s Ministry of Tourism & Sports it had welcomed 35 million international tourists on its shores in 2017 is good news for its businesses but has given rise to doubts on Thailand's ability to sustain increasing touri