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Iran, Sudan, Venezuela, Syria - nations shunned by America as nuclear threats, insurgent havens or human rights violators are increasingly being wooed by China and India in a race for oil and influence that is challenging Washington on the energy and security fronts.
KUALA LUMPUR: On the morning of Feb. 26, executives from a Washington consultancy presented a strategy paper to some of the most powerful officials in the Malaysian palm oil industry.
Malaysia, Thailand and others compete to attract Chinese investors hit by China-US trade war.
OUTSIDE China, Thailand has the largest number of patients infected by the novel coronavirus. Unfortunately, the export-reliant US$500bil economy, South-East Asia’s second-largest, was sickly even before the outbreak of the pneumonia-like illness. That reflects simultaneous blows from the Sino-US trade war, the worst drought in decades and a stubbornly strong currency. Add in Beijing’s newly imposed restrictions on Chinese travellers, who account for the lion’s share of arrivals, plus the knock-on effect on other tourists, and a recession begins to look imminent.
GLOBAL growth is expected to moderate in 2019 with risks skewed to the downside as investors attuned to the US-China trade war, uncertainty on China’s growth, the US Fed rate hike aggressiveness, global monetary policy tightening with central banks taking a step back from their long-standing market support from the very low interest rates for nearly a decade and emerging market debt noises.
The United States is scheduled to sign an agreement this week with Asean to allow more trade access to Southeast Asia while ensuring that U.S. intellectual property is better guarded in this region, according to a draft text.
KONEMOE, Myanmar: Htay Aung was riding pillion on a motorbike last Christmas morning, wending through the cool hills of eastern Myanmar, when Air Bagan Flight 11 came down on top of him.