China has officially ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. China’s Parliament has ratified the creation of the $100 billion New Development Bank (NDB), also known as the BRICS Bank, China’s state-run Xinhua news agency reports on Wednesday. The BRICS grouping … Continue reading
By Geethanjali Nataraj Chinese President Xi Jinping proposed the concept of the Maritime Silk Road (MSR) — now a part of the One Belt, One Road initiative — during his visit to Indonesia in October 2013. The MSR is an attempt to promote economic cooperation and connectivity by reviving the ancient maritime Silk Road trading … Continue reading
As Vietnam eyes an upgrade from frontier market status to emerging market status by MSCI, the nation has eased curbs on foreign ownership in an effort to boost inflows to the nation’s stocks, Bloomberg reports on Sunday. Foreign investors can now increase holdings to 100 percent from 49 percent starting in September in “a number” of industries, according … Continue reading
Russian President Vladimir Putin took part in the plenary session of the 19th St Petersburg International Economic Forum on June 19, below is a transcript of his speech courtesy of the Kremlin: President of Russia Vladimir Putin: Good afternoon, ladies and gentlemen, friends, It is a pleasure to welcome you all to this International Economic Forum in St Petersburg, a city which throughout its history has always been … Continue reading
In a move to jumpstart its lagging investment climate, Vietnam is set to ease business regulations by the most in 25 years as it plans on accelerating the sale of its state-owned firms starting on July 1, Bloomberg reports. Starting July 1, the Vietnamese government will reduce the number of areas in which firms are prohibited from operating from … Continue reading
U.S. Defense Secretary Ashton Carter says that China’s land reclamation in the South China Sea is “out of step with international rules” and that the United States opposes “any further militarization” of the disputed lands. The U.S. is “deeply concerned” about the scale of China’s island building and the prospect of further militarization of theses … Continue reading
By Dr. Sukjoon Yoon Recent Western reports confirm that China is militarising disputed reefs and shoals in the South China Sea. China will obtain no military benefit from this but will simply acquire some weak naval bases at the cost of antagonising rival claimants. Even as ASEAN nations are responding warmly to China’s “Maritime Silk Road” … Continue reading
The role of Asian markets in the global economy has grown significantly in recent years, and we expect this trend to continue in the future. Many of these countries have also made fundamental improvements to their economies, and we think these changes are here to stay. By Templeton Emerging Markets Group This year could prove a … Continue reading
By Steve Herman Friday marks one year since Thailand’s then army chief, Prayuth Chan-ocha, staged a bloodless coup — the latest in a long series of military removals of elected governments. Since carrying out the May 22, 2014 coup, the general has retired from the military but is still firmly in charge, with his appointment as … Continue reading
By Mel Gurtov The American people have become used to government trickery in foreign affairs—wars and interventions based on lies and falsified evidence, “national security” used to justify the whittling away of privacy, classification of documents to hide embarrassing disclosures, massaging of budget figures to mask outrageous spending on arms, and demands for new weapons when … Continue reading