A GLOBAL Information Technology Agreement (ITA) is being blocked by demands from Taiwan and South Korea that additional products be added to an exemption list. But there has been a breakthrough in the bid for a worldwide Trade Facilitation Agreement (TFA) following talks between the US and India, who have agreed on WTO provisions for food security – an issue that has troubled India . . .
Accidental President removes the stigma
Doris Dumlao, ATI Correspondent
CHINA’s anti-corruption campaign has slashed spending in sectors of its domestic economy, but it is impacting on global business, too, including travel, casino takings and the luxury goods sector.
WHILE the Mainland remains a strong source of FDI for Hong Kong, an emerging source is the start-up entrepreneur with global ambitions, wanting to use Hong Kong as a base for regional and world markets . . .
SINCE 2009, when the Government finally defeated LTTE terrorists, Sri Lanka’s GDP has increased by more than 50 per cent to US$67 billion (2013), with per capita GDP up from US$2,057 to US$3,280 in the same period. Australia has become the ninth-largest source of FDI . . .
CHINA wants the South China Sea to become a main source of oil and gas into the future as it targets a doubling of production to one million barrels per day oil equivalent by 2020, much of it from deep sea areas also claimed by a number of ASEAN countries who have their own energy security ambiti
CHINA’s relations with its neighbours have got worse under President Xi Jin-Ping, in part because he is beset by a host of internal problems, but China is shooting itself in the foot in the South China Sea, says former American career diplomat, Christopher Hill . . .
WASHINGTON — The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees to help investors protect foreign direct investments against political and non-commercial risks in developing countries. MIGA is a member of the World Bank Group and is headquartered in Washington. It was established in 1988 as an investment insurance facility to encourage confident investment in developing countries.
Here, Petal Jean Hackett, an Economist in the Economics and Sustainability Group of MIGA, responds to a series of questions from ATI on current investor sentiment. She says recent surveys suggest that macro-economic conditions and political risk are today the major concerns of investors, outstripping such issues as market risk and access to finance. Investors polled in a MIGA-EIU Investor Survey, she says, identify a number of risk mitigation techniques,
including investing gradually to develop familiarity with the local environment, forming joint ventures, and engaging with host country governments . . .
THE THIRD ARROW of Abenomics means moving ahead with reforms to generate future demand, says noted economist Robert Feldman. The other two arrows involve stimulus and monetary policy, and they have led to Japanese companies making more money today than they did in the ‘bubble’ years of the 1980s . . .
THE military has successfully unravelled Thaksin’s support base, but in doing so has destroyed Thailand’s pro-democracy movement, says political analyst, Pavan Chachavalpong . . .
THE attention deficit of a multi-tasking United States, China’s growing assertiveness and the amoebic spread of militant Islamism are the over-arching risk issues facing governments and business today, says Simon Tay, Chair of the leading ASEAN think-tank, the Singapore Institute of International Affairs . . .
CHINA has given priority to innovation and is on a journey from Made in China to Create in China, says Francis Gurry, Director-General of the World Intellectual Property Organisation (WIPO). Creative output, he says, is a key as educators prepare people for jobs five years into the future which cannot even be defined today . . .
REALITY bites. Singapore is running out of land, population growth is continuing. The nearby option – for both workers and retirees – is Malaysia’s emerging Iskandar development, just across the Straits of Johor, where lower housing and schooling fees beckon . . .
WITH India’s new Prime Minister, Narendra Modi, killing off a new trade deal reached in Bali in December, a group of nations may push ahead on their own in what would see further fragmentation of the multilateral trade system . . .
ATI Magazine August/September 2014 issue
THE Bank Payment Obligation (BPO) is likely to revolutionise the way trade finance is conducted, with exponential growth in BPO transactions likely as more global and regional banks adopt the product . . .