COVID-19 and its collateral damage continue to leave a trail of devastation around the world. Millions of businesses have closed, with many having no realistic prospect of reopening. Millions of people have lost their jobs. Millions are without health care. Some families are suffering from food insecurity for the first time.
Negotiators from the United States (US) and China will discuss today the "phase one" trade deal signed earlier this year – before the coronavirus slammed the world economy and relations between the two economic powers took a turn for the worse.Washington and Beijing's January deal represented a partial truce in their months-long trade war, and obligated Beijing to import an additional US$200 billion in American products over two years, ranging from cars to machinery to oil and
As COVID-19 spread from China to Europe and then the United States (US), pandemic-stricken countries found themselves in a mad scramble for medical supplies – masks, ventilators, protective garments. More often than not, it was to China that they had to turn.By the time the crisis erupted, China had become the world’s largest supplier of key products, accounting for half of all European and US imports of personal protective equipment (PPE).
It was reported recently that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020, expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year.
Since the COVID-19 outbreak, all eyes are on China and its response to containing the spread of the virus. On 31 December, 2019, the Chinese government reported that it was treating dozens of patients infected with a new virus. Just two weeks later, the first death was reported. As of today, more than 114,000 cases have been confirmed, of which 5,800 are classified as serious.
The ASEAN Post recently published an article on whether 2020 will be a good year for Myanmar’s economy. That article noted that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020; expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year.
Blockchain is an online distributed ledger which allows parties to conduct secure (encrypted) transactions on a decentralised platform where time-stamping ensures that every data is easily traceable. It functions on peer-to-peer networking where there is minimal third-party interference.Blockchain is not a concept, but a technical application to log data in a way that it cannot be changed or erased de-centrally.
Anyone who shorted Chinese stocks, went long the yuan and loaded up on the country’s government debt has unexpectedly won big in 2018.Strategists across the board have been blindsided by China’s financial markets this year, where extreme moves mean the nation has hosted both the world’s best and worst performing assets all at once.
Indonesia, home to roughly 6 percent of Facebook Inc.'s users, isn't happy with the social-media giant. Officials there are even threatening to shut the service down after its latest egregious privacy scandal.That sounds like an ominous threat - but it's empty. In Indonesia, as across the developing world, Facebook is no longer just a platform for sharing photos and news.
The visit of the Secretary-General of ASEAN, Dato Lim Jock Hoi to Siem Reap on 4 April is indicative of the bloc’s positive impression towards Cambodia. Dato Lim was full of praise for the country and its leader, Prime Minister Samdech Hun Sen due to the big strides that has been made in terms of socio-economic development. Cambodia is one of the fastest growing member states in ASEAN with an improved quality of life.
The Internet of Things (IoT) comprises “a global network of computers, sensors, and actuators connected through Internet protocols,” according to Cuno Pfister, author of ‘Getting Stared with the Internet of Things’.