United States

ASEAN to gain most from trade war

Alarm bells are ringing across the globe as the United States (US)-China trade war continues to brew, and while the International Monetary Fund (IMF) has warned that a full-blown trade war would weaken the global economy, it may not be all bad news for ASEAN.China is ASEAN’s single largest trading partner, but the US is an important economic and strategic partner as well and its growth and spending power has been critical to driving worldwide trade. With increasing tariffs, goods pro

13 May 2019
0

Trump says China 'broke' trade deal

President Donald Trump declared China’s leaders “broke the deal” he was negotiating with them on trade, ratcheting up his rhetoric ahead of fresh negotiations that were already clouded by imminent tariff increases and China’s threats of retaliation.“They broke the deal!” Trump said at a campaign rally Wednesday night in Panama City Beach, Florida, leading him to raise tariffs. The president noted that top Chinese trade negotiator Liu He was traveling to Washington for further talks.

9 May 2019
0

Vietnam’s travel industry gets a boost

Boosted by the fastest growing middle class in Southeast Asia, Vietnam’s travel industry has seen phenomenal growth which has led to Vietnamese airlines launching direct flights to the United States (US) for the first time.According to the Financial Times, outbound air travel in Vietnam last year grew faster than it ever has and outbound tourism from Vietnam has been growing at an annual rate of 10-15 percent over the past few years according to a Euromonitor report in 2017.

8 May 2019
0

Labour rights abuse on the rise

Labour rights violations in ASEAN are among the negative effects of an increase in production due to the ongoing United States (US)-China trade war which has resulted in a shift of some production from China to this part of the world. While the region is embarking on the Fourth Industrial Revolution, numerous industries in ASEAN still rely on labour-intensive factories.

6 May 2019
0

What happens when oil hits US$100 a barrel?

Surging crude prices are posing another headwind for the world economy after United Sates (US) President Donald Trump’s “zero” pledge on Iran oil sales.Brent crude has risen about 33 percent this year and is close to the highest in six months. While higher prices due to strong demand typically reflects a robust world economy, a shock from constrained supply is a negative.Much will depend on how sustained the spike proves to be.

29 April 2019
0

Moon-Kim diplomacy has failed

North and South Korea Saturday struck different notes as they marked the first anniversary of a summit between their leaders that fuelled a whirlwind of diplomacy which has died down amid a deadlock over Pyongyang's denuclearisation.Kim Jong-un and President Moon Jae-in held their first meeting on 27 April last year in the Demilitarised Zone (DMZ) dividing the peninsula amid a rapid diplomatic thaw, paving the way for a historic summit between Kim and United States (US) President Donald

28 April 2019
0

China's Belt and Road gets a makeover

Chinese President Xi Jinping’s grand Belt and Road Initiative (BRI) is getting a makeover to tone down government rhetoric and tighten oversight, after allegations of corruption and a lack of sustainability dogged some of its highest-profile projects.Beijing is taking a range of steps to exert more control over the program, officials and participants said, including a more muted publicity drive, clearer rules for state-owned-enterprises, restricting use of the BRI brand, and building overseas

23 April 2019
0

Kim sends “personal” message to Trump

North Korea's Kim Jong-un has supervised the test-firing of a new tactical weapon with a "powerful warhead", state media reported Thursday, in the first test of its kind since nuclear negotiations with Washington stalled.The test marks a ratcheting up of tensions weeks after a summit between Kim and United States (US) President Donald Trump collapsed without agreement.It also comes after satellite imagery suggested heightened activity at a nuclear test site.Wednesday's tes

18 April 2019
0

Third Kim-Trump summit a possibility

United States (US) President Donald Trump said Thursday he is considering a potential third nuclear summit with North Korea's leader."We will be discussing that and potential meetings, further meetings with North Korea and Kim Jong-un," Trump said in the Oval Office at the start of talks with South Korean President Moon Jae-in.A third summit would follow on Trump's historic breakthrough last year, when he met Kim in Singapore, and a follow-up this February in Hanoi that en

13 April 2019
0

Why The Pakistan-Terrorist Link Continues

Once again, an attack on India by a Pakistan-based terrorist group has raised the spectre of a major confrontation on the Indian subcontinent and fuelled international pressure for Pakistan to take concrete action against the 22 United Nations (UN)-designated terrorist entities it hosts. But this time, the pressure is compounded by fury over attacks by Pakistan-based terrorists on the country’s other key neighbours, Iran and Afghanistan.

10 March 2019
0

China becoming more aggressive

China’s diplomats aren’t being very diplomatic.In the past few months, its envoy to Canada publicly accused his hosts of “white supremacy,” its ambassador in Sweden labelled the Swedish police “inhumane” and blasted the country’s “so-called freedom of expression,” and its chief emissary in South Africa said President Donald Trump’s policies were making the United States (US) “the enemy of the whole world.”“I don’t think we are witnessing a pattern of misstatements and slips of the tongue,&quo

7 March 2019
0