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Tag Archives: Asia Economy

North Korea may choose to follow Vietnam’s economic model

The Southeast Asian nation’s gradual path to development is intrinsically appealing to Kim, Fitch Solutions said in a January report. Vietnam began receiving assistance from the International Monetary Fund and the World Bank in the 1990s after it began enacting reforms. That was followed by significant foreign investment in the …

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Chinese buying interest has surged in recent years

Prachanart Viriyaraks | Getty Images The Wat Saket (Golden Mountain) and Bangkok Grand Palace in Bangkok, Thailand. Chinese investors have continued pouring their money into Thailand’s property sector even as the kingdom barrels toward an uncertain national election. That underscores the Southeast Asian nation’s enduring popularity with the Chinese — …

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An internet split between China and USA

“It’s (China) arguably ahead of U.S. in some areas behind in others, maybe neck and neck. But at the current trajectory, China will probably be ahead of U.S. in five years,” Lee said. “China has more data, more users, more usage per data. And there’s very pro-AI government policies. So …

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Russia, US suspend INF treaty amid new nuclear arms fears

Brendan Smialowski | AFP |Getty Images US President Donald Trump and Russian President Vladimir Putin arrive for a meeting in Helsinki, on July 16, 2018. WASHINGTON — The United States and Russia suspended a crucial nuclear weapons treaty on Saturday, a move that has sparked concerns of a budding arms …

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Sri Lanka seeks $1 billion loan from China amid debt woes

Buddhika Weerasinghe | Getty Images The famous Sri Lankan budget taxi, a three wheeler, drives through traffic in Colombo Sri Lanka is negotiating a $1 billion loan from China to construct a highway linking the capital Colombo to the hilly resort city of Kandy, even as the heavily-indebted South Asian …

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what it means for farmers, elections, Modi, economy

India’s Hindu nationalist-led government poured extra money into support for farmers and a rural jobs program, delivering on Friday its last budget before a general election due by May with the clear aim of winning over votes. Prime Minister Narendra Modi’s ruling alliance is facing discontent over depressed farm incomes …

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Trump denies talking to Roger Stone about WikiLeaks: New York Times

Trump also said he did not help Jared Kushner, his son-in-law and senior advisor, to obtain top-secret government clearance. NBC News reported last week that Kushner’s clearance application was turned down by security specialists amid concerns about foreign influence over him. However, NBC reported, other more powerful authorities overruled those …

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Go-Jek says it has closed the first round of Series F fundraising

Dimas Ardian | Bloomberg | Getty Images A Go-Jek motorcycle taxi driver travels through traffic in Jakarta, Indonesia, on Saturday, Aug. 4, 2018. Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts. Go-Jek’s release did not disclose the amount of …

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Investors watch deficit, agriculture, small businesses

Investors will likely be looking at how much the government will be spending to support farmers, who make up a sizeable portion of India’s workforce. Farmers have been struggling for years due to low crop prices, rising costs, demonetization and widespread droughts. Typically, India has given farmers loan waivers to …

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