Tuesday, December 12 2023 | ASIA TODAY INTERNATIONAL - Reporting the Business that Matters in Asia
TAIPEI -- In an address marking the 112th Double Tenth National Day of the Republic of China, Taiwan's President, Tsai Ing-wan, has reiterated her belief that "peace is the only option across the Taiwan Strait". "Maintaining the status quo, as the largest common denominator for all sides, is the critical key to ensuring peace," she said.
A new report by Allianz Commercial highlights growth opportunities, tech innovations, risk trends and loss patterns for the offshore wind industry as the sector prepares for global growth . . .
HANOI - The Vietnamese Government on September 18 issued a Decree amending and supplementing Decree No. 152 on foreign employees working in Vietnam and the recruitment and management of Vietnamese employees working for foreign individuals and organizations in Vietnam. The new Decree takes immediate effect.
SOME DEGREE of structural deceleration seems unavoidable for Hong Kong and the Greater Bay Area (GBA), given the evolution of the economy in the Mainland, according to the global financial group Nataxis in a new report. "All in all, the Hong Kong economy is navigating complicated waters." Natixis says.
TOKYO -- Potential termination of the negative interest rate policy by the Bank of Japan (BoJ) has suddenly emerged on investors' radar screens, with BoJ Governor Ueda saying in a recent interview with the Yomiuri newspaper that the possibility of having enough evidence of a sustainable wage increase by the end of this year is not zero.
When such condition is met, the Governor said, the end of the negative rate policy becomes an option.
TAIPEI -- Today, saying "I am Taiwanese" is a statement of honour and an expression of pride, President Tsai Ing-wen has said in her Double Tenth National Day address to the nation.
She directly addressed the differences existing between what she calls "the two sides of the strait", differences, she said, which stemmed from historical factors "as well as from our divergent experiences in democratic development".
"I want to make clear to the Beijing authorities that armed confrontation is absolutely not an option for our two sides," she said.
HONG KONG - The global insurance group, Prudential plc, and Google Cloud today announced a strategic partnership to enhance health and financial inclusion for communities across Asia and Africa.
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SHANGHAI -- The Chinese economy has experienced a bumpy recovery since the Shanghai COVID lockdown was lifted. Main indicators dropped again in July after a temporary bounce-back in May.
SINGAPORE --U.S. dollar strength has skyrocketed in 2022, posing problems for both advanced and emerging economies, yet there are no easy options for correcting its trajectory, says S&P Global Ratings in a report published today.
HONG KONG -- China's zero-COVID restrictions may slash more than two percentage points off national growth in 2022, according to a report by Natixis.
TAIPEI - With China continuing to conduct military exercises around Taiwan, Taiwan's Foreign Minister, Joseph Wu, is leading a push for Taiwan to be given a voice at the 77th General Assembly meeting of the United Nations in New York, starting next week (September 13).
SYDNEY -- Vietnam Airlines has increased its flight frequencies out of Sydney and Melbourne to meet increasing post-COVID travel demand.
Improved connections for onwards journeys from Vietnam to Europe will also be offered as the airline increases frequencies into Europe for the Northern summer.
GENEVA - Taiwan's Minister for Health and Welfare, Dr Shih-Chung Chen, has detailed Taiwan's successful strategy to contain the COVID-19 pandemic as he leads efforts to win observer status for Taiwan at the 75th annual meeting of the World Health Assembly (WHA) in Geneva.
NEW DELHI --At 7.8% y/y, April CPI inflation in India soared to its highest since mid-2014 -- with price pressures strengthening across food, fuel, and core items.
WASHINGTON -- U.S. President Joe Biden on Friday (May 13) signed a Bill into law to help Taiwan regain observer status at the World Health Assembly (WHA).
HONG KONG - The global financial services group, Natixis, is predicting just 1% growth for Hong Kong in calendar 2022. With surging COVID cases, Hong Kong's economy fell 4% YoY in Q1 2022, with pressure mounting across consumption, investment and foreign trade as COVID cases held up.