US

US-China trade talks to resume despite low expectations

As they prepared to return to the negotiating table on Thursday, top Chinese trade officials faced a blitz of aggressive US manoeuvres, with expectations for a grand bargain between both sides approaching zero.President Donald Trump – who has taken the global economy on a white-knuckle ride since launching multi-pronged trade offensives with China and Europe last year – said Wednesday the outcome was down to him."They want to make a deal," he said at the White House.

10 October 2019
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Myanmar joins US-ASEAN drills despite sanctions

Myanmar's navy will join maritime drills with the US in Southeast Asia next week, a spokesman said Wednesday, in a rare show of military cooperation despite Washington slapping sanctions on top army brass over the Rohingya crisis.The inclusion in the drills does not violate US travel bans against Myanmar's commander-in-chief and three senior figures for overseeing a bloody campaign that drove 740,000 Rohingya Muslims into Bangladesh two years ago.But there are growing calls to furth

29 August 2019
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Trump sparks confusion on China tariffs

President Donald Trump doubled down Sunday on his hard line against China after sowing confusion with statements that he might be willing to soften a trade war G7 partners fear threatens the world economy.At the G7 summit in Biarritz, France, Trump announced a major trade deal with Japan and promised more of the same with Britain, once Brexit is done.But the positives were overshadowed by a mix-up over his apparent expression of regret for the latest escalation in the US-China dispute."I

26 August 2019
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US-China power rivalry set for Bangkok staging

The US-China rivalry is set to be sharpened at a Bangkok summit starting Wednesday, where Washington's top diplomat will insist his nation remains a key Asia-Pacific power in the face of Beijing's military machinations in contested seas and airspace.Foreign ministers from 10 Southeast Asian countries are meeting in the Thai capital this week.They will be joined by US Secretary of State Mike Pompeo and his Chinese and Russian counterparts, with old flashpoints in the disputed South C

31 July 2019
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Military’s dignity harmed by US ban, says Myanmar

A US travel ban on Myanmar army chief Min Aung Hlaing over his role in orchestrating a bloody crackdown against Rohingya Muslims harms the dignity of the military, a spokesman said Wednesday, adding critics failed to properly understand the crisis.The sanctions against the army chief and three other top military brass was the strongest censure from a western power since the army launched its offensive against the Rohingya in August 2017 following attacks on police posts.Secretary of State Mik

18 July 2019
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China-fuelled cruise boom sparks environment fears

Cruises are enjoying a boom fuelled in part by hordes of Chinese tourists taking to the high seas, but green groups warn a wave of hulking new liners may cause environmental devastation.Gone are the days when cruising was the preserve of retirees, who would while away the hours lounging in deckchairs, playing bingo or taking part in formal dinner-dances.Modern liners resemble floating, futuristic cities capable of carrying thousands of passengers, where robot bartenders serve drinks and passe

11 July 2019
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Vietnam biggest winner from US-China trade war

Vietnam’s already strong economic outlook received another boost last week after Japanese investment bank Nomura named it the biggest winner from the United States (US) – China trade war, with its economy surging by 7.9 percent as a result of one year’s worth of trade diversions leading up to the first quarter of this year.The standoff has seen gross domestic product (GDP) gains in several other countries, though none of them are anywhere as close to Vietnam’s. Taiwan are the next bi

11 June 2019
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EU could win big in trade war

Neither protagonist in the US-China trade war stands to benefit from their stand-off, the United Nations (UN) said Monday, suggesting others could cash in instead, with the European Union (EU) possibly winning big.In a report, the UN Conference on Trade and Development (UNCTAD) examined the repercussions of the tariff tit-for-tat already under way between the two trade giants, as well as the expected impact of a significant tariff hike scheduled to take effect on 1 March.The report, titled &q

6 February 2019
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US team to visit China in January for trade talks

A United States (US) government delegation will travel to Beijing in the week of 7 January to hold trade talks with Chinese officials, two people familiar with the matter said.Deputy US Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke on the condition of anonymity.

30 December 2018
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Southeast Asia faces growth risks in 2019

Last year, economists predicted Southeast Asia would be blessed with a strong and vibrant 2018. For next year, they’re not quite so optimistic.Moderating economic growth and higher interest rates lie ahead. The Federal Reserve is set to keep everyone on edge as it navigates an even trickier interest-rate path in 2019, while the trade war between the U.S. and China is already hurting exports in the region.

26 December 2018
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Calls to cool down on coal

While delegates from 200 countries come together to ramp up climate action and investors worldwide call for an end to banking on coal as part of the energy mix, the Trump administration followed through with its threat to host a fossil-fuel promotional side event at the United Nations Climate Summit (COP24), currently held in the Polish coal capital of Katowice.Amidst protests and jeering from climate campaigners, only Poland and Australia were represented at the event intended to “showcase w

14 December 2018
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How the trade war affects the ICT industry

As China and the United States (US) engage in a trade war, the ripples of the battle is felt throughout the world. Both the countries are the two largest economies in the world with a combined gross domestic product (GDP) of almost US$32 trillion, a third of the global GDP.

9 November 2018
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