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.
The drumbeat of warnings about a looming worldwide recession is growing ever louder. According to the latest Brookings-Financial Times TIGER indexes, which track the global economic recovery, growth momentum is declining in virtually all of the world’s major economies.
After generals seized power in Thailand in a 2014 coup, they turned to Beijing to kickstart growth and buff up their vision of an innovative, developed country steered by wise leaders and buoyed by China-backed infrastructure.
Thailand’s Eastern Economic Corridor (EEC) is slated to be an arterial node for trade, investment, and regional transportation, besides also serving as a strategic gateway to the Southeast Asian region.
Southeast Asia’s internet economy is slated to be worth more than US$240 billion by 2025 according to a joint study by Google and Singapore’s Temasek Holdings covering the six most advanced internet economies in the region – Singapore, Malaysia, Indones
Malaysian state-owned private equity firm, Ekuiti Nasional (Ekuinas) has divested the entirety of its 60 percent equity interest in cross-border mobile cash transaction firm Tranglo to the Hong Kong-based TNG Fintech Group for US$27.6 million.
Southeast Asia is a growing region with countries here averaging growth rates of 5.1 percent. This situation has rightly prompted a rise in energy demand within the region.
A selloff in China’s currency deepened after the central bank moved to free up capital for banks and as investors braced for the next round in an escalating trade dispute with the United States (US).
Over the past decade, renewable energy investments in Southeast Asia have been fluctuating substantially, mainly influenced by the completion of large-scale projects and changes in the overall policy landscape.
North Korea continues to stiff Sweden over a bill for 1,000 Volvo sedans shipped back in the 1970s; a Chinese mining company called its four-year venture in the isolated nation a “nightmare”; and an Egyptian telecoms giant doing business there can’t rep