MULTIFACETED FALLOUT The fallout of this trade war is multifaceted. Last week, hundreds of small American business owners who sell goods imported from China told the US authorities that should the next round of tariffs take effect, they would be forced to raise prices, fire workers, or even shut down. As US Correspondent Charissa Yong reports, there is a wide spectrum of goods that could be affected. It ranges from Bibles that are printed in China using specialised machines which US producers are not able to handle, to paint brushes that use imported bristles from a unique breed of hog raised in south-western China. The trade dispute has spilled over to scientific and academic collaboration. As US Bureau Chief Nirmal Ghosh and China Correspondent Danson Cheong report, Chinese students and scholars in American universities and research institutions are beginning to feel the chill from the souring US-China relationship. Chinese students in the US are facing suspicion that they might … [Read more...] about Trump-Xi meeting at G-20: Will it ease US-China trade tensions?
Federated project and trade finance core fund
Philippines secures $202-M loan for Mindanao road project Mary Grace Padin (The Philippine Star) - June 20, 2019 - 12:00am CLARK, Pampanga, Philippines — Philippine and Japanese officials on Tuesday night finalized a $202.04-million (¥21.92-billion) loan for the construction and improvement of roads in Mindanao’s conflict-affected areas, including Marawi City. Finance Secretary Carlos Dominguez, in behalf of the Philippine government, and Japan International Cooperation Agency (JICA) senior vice president Yasushi Tanaka, in behalf of the Japanese government, signed the loan accord for the Road Network Development Project (RNDP) in conflict-affected areas in Mindanao. This took place after the eighth meeting of the Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation held here. Dominguez said the RNDP would cover several road sites in the … [Read more...] about Philippines secures $202-M loan for Mindanao road project
Nattaporn Jatusripitak, spokesman for the deputy prime minister in charge of economic affairs, said “a budget of US$40 million, for this year’s contribution, will be allocated from the central budget and those for the remaining four years will be from the annual budget”. ACMECS is a grouping of five countries – Cambodia, Laos, Myanmar, Thailand and Vietnam. Although ACMECS was born in 2003, there is no financial mechanism to raise capital to finance development projects, which have been normally funded through borrowings and aid from partner countries. “Last year, Thailand chaired ACMECS. We’ve presented the ACMECS master plan built on three pillars: seamless connectivity, synchronised ACMECS economies, and smart and sustainable ACMECS. Then, we’ve discussed about an ACMECS fund aiming to give financial and technical support to projects under the ACMECS master plan,” Nattaporn said. Such support included contract and … [Read more...] about $200m contribution set for ACMECS fund
ROME: Former world number one Roger Federer marked his return to the Italian Open for the first time since 2016 with a 6-4 6-3 second round win over Joao Sousa on Thursday.The Swiss had criticised organisers for doubling ticket prices after he confirmed his participation last weekend but the fans who had made their way into Foro Italico on Thursday have been rewarded with a Federer double bill.With rain having washed out Wednesday's play, Federer along with champion Rafael Nadal and top seed Novak Djokovic all face playing back-to-back matches on Thursday if they want to reach the quarter-finals.The backlog means that fans on the secondary Grandstand Court can also look forward to a blockbuster schedule as Federer will be back for an evening showdown with Croatian Borna Coric.Earlier in the day, Nadal had treated the Grandstand fans to a 6-0 6-1 demolition of Frenchman Jeremy Chardy and the Spaniard will be back on action on the main stage against Georgia's Nikoloz Basilashvili.Women's … [Read more...] about Federer, Nadal and Osaka through to last 16 in Rome
PETALING JAYA: A fund will be set up to support students from B40 group to pursue their tertiary education in Information Technology studies. National applied research and development (R&D) agency Mimos and Unitar International University (UNITAR) have entered into a Memorandum of Agreement (MoA) to collaborate in a Data Scientist Programme to nurture a new generation of data scientists. Under the partnership, Mimos and Unitar will jointly conduct a training programme to inspire and develop young talents in a bid to produce industry-ready professionals in the field of data science. Through this MoA, both parties will work closely in creating a sponsorship fund, into which proceeds raised from the Data Scientist Programme will be used to support students from B40 group to pursue their tertiary education in Information Technology studies. The MoA was exchanged by Mimos Interim President and Chief Executive Officer Emelia Matrahah and UNITAR Chief Executive Officer Puvan Balachandran, … [Read more...] about Mimos and Unitar to create fund for B40 students to pursue IT education