With domestic profits narrowing and production capacity expanding, China’s firms are continuing to widen their overseas footprints in search of new, more lucrative markets. In this series, we examine China Inc.’s next phase of “going global” and the complex, challenging international environment its companies have chosen to enter. A subtle shift is taking place among Chinese businesses as they adopt a “China plus one” outlook and redirect domestic investments to neighbouring economies – a...
Read full articleTwo Singaporean men lost their positions in the armed forces after they were convicted of having sex with a 15-year-old boy. Former army captain Chaw Chia Jun, 41, was sentenced to 17 months’ jail on Tuesday, while his co-accused Owen Toh Wei Song, a former navy cook, was jailed for 12 months on September 22, according to CNA. Singapore’s Ministry of Defence has confirmed that both were suspended after their arrest in 2024 and were no longer in the military. “The Singapore Armed Forces holds its...
A country need not run out of money to find itself in a debt crisis. It only has to run short of US dollars to pay for its energy. At the recent International Monetary Fund-World Bank annual meetings in Bangkok, the IMF, which expects global economic growth of 3.1 per cent this year and 3.4 per cent the next, cautioned that energy-importing and lower-income economies face a harder road, even as those riding the artificial intelligence boom fare relatively well. According to the World Bank’s...
PARLIAMENT | M'sian youth possess the boldness to challenge matters that warrant scrutiny – Suhaizan.
Coalition chair says ROS' timing ahead of Malacca polls is 'unnatural'.
Sydney's A$5.6 billion (US$3.9 billion) second airport will take its first passengers on Oct. 25 with half a dozen or fewer scheduled flights a day for the next 12 months, Bloomberg reported, citing aviation data company Cirium.
Calls to boycott a Malaysian Chinese-owned coffee-shop chain over its omission of Malay text from its menu have reignited arguments over race and national identity, as political parties jostle to court the country’s majority ethnic group ahead of the next general election. The Oriental Kopi boycott marks the latest saga fuelling ethnic grievances that politicians have been seen to capitalise on by portraying themselves as defenders of Malay identity. It comes ahead of the November 14 election in...
The nipa palm leaf-shaped pedestrian bridge crossing the Saigon River in downtown Ho Chi Minh City has reached about 90% completion and is expected to open to the public for the upcoming Lunar New Year, or Tet.
Universiti Malaya student Ummi Umairah Bakhit, who went viral recently for questioning the donation of money to former Malaysian prime minister Najib Razak, has spoken out against what she described as cyberbullying, political obsession and emotional loyalty. The youth stood by her criticism of donating money to the former prime minister, saying she would not apologise for raising the issue. In a social media post, Ummi Umairah said the response to a question she raised at the International...
PN sec-gen explains why Bersatu excluded from July 16 supreme council meeting.
The lawyers are being investigated for allegedly pressuring a hospital to release photographs of the deceased.
Malaysia’s government will publicly release the findings of a special task force on corporate malfeasance in three months, Prime Minister Anwar Ibrahim said on Tuesday, as his administration seeks to appease public anger over its perceived failure to clamp down on corruption. Anwar is facing a reckoning in the final stretch of his term after his ruling Pakatan Harapan coalition was handed bruising defeats in three state elections over the past year. Former supporters have accused the coalition...
Singapore will issue preventive notices to three more Indonesian companies to tackle and prevent forest fires in Kalimantan Province that may have sent smoke across the border, the National Environment Agency said Monday.