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
In Asia, aviation is booming, as carriers have branched out to emerging cities that have previously been untapped and such growth is rapidly growing. In addition to the rapid growth to service to such new emerging cities, the most critical aspect is overlooked. Pilots. In Asia, particularly in China, as growth expands at a break-neck clip, the … 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
By Sam Doo Within the tumultuous geopolitics of the Middle East, Qatar stands as an oasis of relative calm. Thanks to a stable government, vast oil reserves, and favorable investment climate, FDI has been pouring into the country. In 2010, Qatar reached another milestone in announcing itself to the world by securing the right to … Continue reading
By Thitinan Pongsudhirak Thailand’s military-led government has invoked Article 44 of the interim constitution to replace martial law. The controversial article vests complete power and authority with Prime Minister General Prayut Chan-ocha in his capacity as head of the National Council for Peace and Order — Thailand’s junta that has governed through martial law for … Continue reading
By Pepe Escobar, Asia Times As Cold War 2.0 between the U.S. and Russia remains far from being defused, the last thing the world needs is a reincarnation of Bushist hawk Donald “known unknowns” Rumsfeld. Instead, the — predictable — “known known” we get is Pentagon supremo Ash Carter. Neocon Ash threw quite a show … Continue reading
Indonesia’s Energy and Mineral Resources Minister Sudirman Said said that Omani investors may invest up to $7 billion in oil and gas projects in the country, the Jakarta Globe reports. According to the report, the minister says that a number of investors from Oman have expressed interests in developing oil and gas tanks, a refinery, … Continue reading
By David Dollar The notion of a ‘middle-income trap’ has entered the lexicon of policymakers in emerging markets in Asia and elsewhere. Many leaders of countries that have experienced fast growth — such as Chinese Premier Li Keqiang — worry that economic growth will come off the boil as their countries reach middle-income status. Growth … Continue reading
By Mike Whitney US Secretary of Defense Ashton Carter is willing to risk a war with China in order to defend “freedom of navigation” in the South China Sea. Speaking in Honolulu, Hawaii on Wednesday, Carter issued his “most forceful” warning yet, demanding “an immediate and lasting halt to land reclamation” by China in the disputed … 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