By Biman Mukherji India has signalled its growing maritime and shipbuilding ambitions in the Indo-Pacific with the country’s biggest warship builder, state-run Mazagon Dock, set to acquire a controlling stake in Sri Lanka’s Colombo Dockyard. Mazagon Dock Shipbuilders said last week it would buy a 51 per cent stake in Colombo Dockyard for US$52.96 million. […]
Read MoreBy Sylvia Ma Issuing a stablecoin pegged to the offshore yuan in Hong Kong may be more feasible than in mainland China due to the latter’s capital controls, a central bank adviser has said. The comments from Huang Yiping, also dean of Peking University’s National School of Development, came as worries arise in Beijing’s policy […]
Read MoreUS President Donald Trump said on Wednesday that the United States has struck a trade deal with Vietnam, after months of negotiations, that imposes a 20% tariff rate on many imports from the Southeast Asian country. The rate is lower than an initial 46% levy Trump announced in April on goods from Vietnam, largely as […]
Read MoreLiquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have filed legal proceedings against Standard Chartered Bank in Singapore over the bank’s alleged role in enabling fraud that led to over $2.7 billion in financial losses. The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development […]
Read MoreFactory activity in many Asian economies shrank in June as US tariff uncertainty kept demand low, but signs of modest relief for manufacturers raise the stakes in trade talks with Washington amid the region’s gloomy economic recovery prospects. The underlying softness in private surveys released on Tuesday highlights the challenges facing policymakers as they try […]
Read MoreThai Finance Minister Pichai Chunhavajira said on Monday that he will travel to the United States later in the day for trade talks to be held over the next two days. He said on a local news programme that he hoped US tariffs levied on Thailand will not be higher than those imposed on other […]
Read MoreAsian stock markets opened the week with mixed performances after US shares closed at an all-time high, recovering from the impacts of President Donald Trump’s trade policies. Market sentiment improved after Canada scrapped its plan to impose a tax on US technology firms, prompting Trump to resume trade talks. US stock futures edged higher following […]
Read MoreUS President Donald Trump has said he will “get the conflict solved with North Korea”, amid trade negotiations with South Korea that look set to go right down to the wire. At an Oval Office event on Friday where he highlighted his professed efforts to resolve global conflicts, Trump was asked whether he had written […]
Read MoreBy Orange Wangin Beijing China has partially lifted its two-year ban on Japanese seafood imports in the latest step by Beijing to remove a diplomatic roadblock that has strained ties between the two neighbours. According to a Chinese customs notice issued on Sunday, shipments of seafood originating from “certain regions” of Japan would resume “conditionally” […]
Read MoreWashington, June 28, 2025: Bangladesh has continued its consultations with the United States on finalising the Agreement on Reciprocal Tariff. The latest round of discussions took place on Thursday, where the Bangladesh side was led by National Security Advisor Dr. Khalilur Rahman and the US side by US Assistant Trade Representative Brendan Lynch. “We made […]
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