economy

Mongolia to Strengthen Tourism and Creative Industry Ties With South Korea

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Mongolia to Strengthen Tourism and Creative Industry Ties With South Korea

Mongolian Prime Minister Oyun-Erdene Luvsannamsrai’s latest visit to South Korea at the beginning of April shed light on Ulaanbaatar and Seoul’s growing economic and cultural cooperation. Oyun-Erdene’s visit envisaged several economic initiatives Seoul could participate in, ranging from collaboration between large corporations to increasing tourism and promoting the Korean creative industry to enter Mongolia. Mongolia … Read more

Behind the EU’s New Probe Into China’s Green Tech Subsidies

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How the EU’s Security Approach Affects China-Europe Relations

Last October saw the launch of a European Union probe designed to determine whether Chinese-made electric vehicles (EVs) benefitted unfairly from state subsidies. Many saw this as the culmination of European Commission efforts under President Ursula von der Leyen to pursue EU autonomy in green technologies vis-à-vis China.  However, with barely two months left until … Read more

Vietnamese Court Sentences Property Tycoon to Death in Giant Fraud Case

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Vietnamese Court Sentences Property Tycoon to Death in Giant Fraud Case

The Vietnamese businesswoman Truong My Lan was sentenced to death yesterday by a court in Ho Chi Minh City, bringing to an expected end one of the country’s largest-ever corruption cases. The wealthy 68-year-old, who headed real estate company Van Thinh Phat (VTP), is accused of using “thousands of ghost companies” to embezzle 304 trillion … Read more

LEAP: A Catalyst for the Pakistan-Saudi Arabia IT Partnership 

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Adjusting Pakistan’s Tech Sector Priorities 

In recent years, states have strived to harness digital innovation’s potential, transforming the global information technology (IT) landscape. One notable example is the strengthening IT cooperation between Pakistan and Saudi Arabia. This has been spearheaded by the LEAP technology conferences held in Riyadh, which are dubbed the “Digital Davos” as they are attended by hundreds … Read more

India’s Long Road to Net-Zero

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India’s Long Road to Net-Zero

India’s commitment to climate change remains ambitious. It has claimed to be taking significant steps toward meeting a pledge made at the COP26 Climate Conference in Glasgow in 2021 that it would achieve net-zero carbon emissions by 2070, 20 years behind the goals set by the United States and the European Union and 10 years … Read more

Indonesia’s Scorpene Submarine Deal With France, Explained

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Indonesia’s Scorpene Submarine Deal With France, Explained

France’s Naval Group recently announced that Indonesia had signed a contract to purchase two Scorpene submarines, which a lithium-ion battery system will power in a deal valued at around $2 billion. The most interesting part to me is that both submarines will be built in Indonesia by state-owned shipbuilder PT PAL at its facility in … Read more

Yellen Calls for Level Playing Field for US Workers and Firms During China Visit

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Yellen Calls for Level Playing Field for US Workers and Firms During China Visit

U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers. Starting a five-day visit in one of China’s major industrial and export hubs, she raised what the U.S. considers to be … Read more

How Will the Prabowo Administration Approach Indonesian Energy Policy?

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How Will the Prabowo Administration Approach Indonesian Energy Policy?

Indonesia’s energy sector stands at the cusp of potentially transformative change with Prabowo Subianto’s assumption of the presidency in October. While the energy policy of the incoming administration has yet to be articulated in detail, an analysis of Prabowo’s campaign promises and political trajectories offers insights into what this crucial sector might look like under … Read more

The Broadening Strategy of U.S. Technological Restrictions on China

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China, US Break Diplomatic Deadlock

In 2021, the Biden administration adjusted the United States’ strategy of technological restrictions on China, from Trump’s decoupling to a “small yard, high fence” approach that emphasized decoupling from China in the realm of cutting-edge technologies. However, looking back over the past three years, the scope of U.S. technological restrictions on China has expanded from … Read more