SEOUL (Bloomberg): South Korean President Yoon Suk-yeol indicated his new government will take part in a regional economic group Joe Biden is expected to soon unveil, in a show of support for the US president days before he arrives in Seoul for talks. Yoon, who took office on May 10, told parliament Monday (May 16) he wanted to discuss with Biden when they meet later this … [Read more...] about S. Korea President to support Biden’s new economy grouping
Economy
What a Ferdinand Marcos Jr Presidency Will Mean for Foreign Investors in Philippines
Ferdinand Marcos Jr is set to become President of the Philippines and Sara Duterte, the daughter of the current President, Rodrigo Duterte, is set to become Vice President. Foreign investors are expected to resort to a wait-and-see approach since the President-elect has not made his economic policies clear. The Immediate challenges facing Marcos Jr include the Philippines’ high … [Read more...] about What a Ferdinand Marcos Jr Presidency Will Mean for Foreign Investors in Philippines
China April property sales plunge 46.6%, fastest since at least 2010
BEIJING: China's April property sales by value fell at their fastest pace in at least 12 years as COVID-19 lockdowns further cooled demand despite more policy easing steps aimed at reviving a key sector of the world's second-largest economy. In April, property sales by value slumped 46.6% from a year earlier, the fastest pace since at least 2010, and sharply widening from the … [Read more...] about China April property sales plunge 46.6%, fastest since at least 2010
The climate crisis turns up the heat on Malaysia’s food security
LAST December, Malaysia witnessed a phenomenon that is supposed to only happen once in 100 years: some parts of the country received one month’s average rainfall all in just one day, an incident that led to massive floods. We were also told that the nine years spanning 2013-2021 were all listed among the 10 hottest years ever recorded. In recent times, “rare” extreme … [Read more...] about The climate crisis turns up the heat on Malaysia’s food security
Editorial: Material hardship triggers avalanche of opposition
THE current widespread violence in Sri Lanka underscores beyond all doubt the potency of “the agony of the stomach” in the shaping of a country’s politics. The fact that economic hardship in the main led to the countrywide anti-government protests in the first place over the past few months bears this out fully. Material hardship was the trigger to the avalanche of opposition … [Read more...] about Editorial: Material hardship triggers avalanche of opposition