Shortly after protestors stormed the Sri Lankan presidential palace, prompting the resignations of President Gotabaya Rajapaksa and Prime Minister Ranil Wickremesinghe, a unity government comprising o…
Economy
Asean nations share bounty of RCEP trade facilitation package
During Thailand’s durian season every year, orders from China for the thorny “king of fruits” always surge, driving up shipments from the world’s top fresh durian exporter. This year, after the Region…
China industries relocate elsewhere
There was talk all around that world’s second largest economy China would relocate its labour-intensive industries like textile to Pakistan to take advantage of reduced production cost. The move would…
Small State, Big Agenda? Nepal in the Gulf Labor Migration Market
Many Asian labor-sending states developed their labor-export policy in the 1970s to exploit labor shortages in the Middle East. As contemporary Gulf states modernized their public and private domestic…
Asean Today – June 2022
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G7 aiming for $600-billion global infrastructure program —Biden
US President Joe Biden announced Sunday a G7 project to rival China’s formidable Belt and Road Initiative by raising some $600 billion for global infrastructure programs in poor countries. ̶…
Malaysia plans record $18bn subsidy spend in inflation fight
Malaysia is expected to spend 77.3 billion ringgit (US$17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minist…
Padma Bridge opens a new horizon for tourism in Bangladesh
Every year during the off-peak season, Nazrul, whose speciality is fresh fried seafood, tends to scale back his operation and wait until the monsoon is over so that he can run his business at full cap…
Billionaire Henry Cheng Ventures Into Web3 With Investment Tokens For London Real Estate
Knight Dragon, a London-based property developer owned by Hong Kong’s Henry Cheng, is offering investors a share in the profits of one of Britain’s largest urban renewal projects by using blockchain t…