Rubric Economy

Economy
by Vladimir Rozanskij

Despite the negative effects of the conflict in Ukraine, the World Bank forecasts a substantial increase in Astana's GDP over the next two years thanks to the expansion of production capacities in oil extraction. There is also optimism about the containment of inflation.

| 01/03/2024
| KAZAKHSTAN
by John Ai

In large enterprises, units linked to the Chinese armed forces are again being formed. Private companies are also following the example of public ones. A way to manage potential unrest in the context of the economic slowdown and to strengthen the Communist Party's control over companies.

| 29/02/2024
| RED LANTERNS
by Steve Suwannarat

Prime Minister Anwar Ibrahim wants to eradicate extreme poverty in the capital. But the poverty threshold is set very low. The ringgit’s decline has made matters worse. Charities, healthcare entities, and government agencies agree that economic conditions are getting worse for households.

 

| 28/02/2024
| MALAYSIA

Opened in 2016, the project that symbolised Indian-Afghan cooperation suffered following the Taliban takeover. The Indian visit signals new humanitarian cooperation between Kabul and New Delhi.

| 27/02/2024
| INDIA – AFGHANISTAN

Despite the fact that Japan's public debt exceeds the size of the real economy by 2.5 times, the government has allocated a record budget for the current fiscal year, with unrealistic targets for public spending. All this while Premier Kishida's party is going through a political crisis stemming from the Liberal Democratic Party's irregular funds scandal,

| 27/02/2024
| JAPAN
by Vladimir Rozanskij

A new Ilo report puts the spotlight back on the plight of boys and girls under the age of 15 who are forced to work in the fields in freezing temperatures in the winter and extremely hot in the summer, exposed to the risks associated with the massive use of chemicals. Practices in force since the days of Soviet planned eocnomy.

| 27/02/2024
| TURKMENISTAN

Record sales figures in 2023 with doubled profits in China for the largest local coffeehouse chain. But in the current difficult environment for the Chinese economy, the much lower price of its products also counts.

| 24/02/2024
| CHINA
by Steve Suwannarat

Over the past decade, more than 110,000 Thais have left for Sweden and Finland, attracted by the promise of high wages and good working conditions only to find themselves often exploited and trapped by debt to middlemen instead. A scourge on which the Bangkok government does not intervene so as not to lose job opportunities and European tourists.

| 24/02/2024
| THAILAND - EUROPE
by Alessandra Tamponi

They are protesting over the increase in the number of students admitted to university faculties, a measure that has been talked about for some time in a country that has one of the lowest rates of doctors in relation to its population. But health workers claim that other deficiencies such as overcrowding in hospitals are not being addressed. Preceptions were ordered while the police investigated the protesters.

| 20/02/2024
| SOUTH KOREA
by Vladimir Rozanskij

The balance of trade between the two countries has increased by 10% in the past year, exceeding USD 1 billion. Tajiks import machinery and equipment of all kinds from China and export raw materials. There are currently 580 companies with Chinese capital working in the country. But the other side of the coin is the 60% of foreign debt now in Beijing's hands.

| 20/02/2024
| CHINA - TAJIKISTAN

Prime Minister Anwar Ibrahim's plan is to get civil servants to pay into a non-government pension fund, an unpopular move with political risks among voters. Malaysia is not the only country in Southeast Asia facing hard decisions over retirement policies; few governments in the region are ready to deal with an ageing population.

| 19/02/2024
| MALAYSIA

Three years after massive protests to halt Modi's market liberalisations, Indian farmers are back in the capital to protest at the government's “broken promises”, demanding once again guaranteed minimum prices and loan waivers for small farmers who risk going out of business.

| 16/02/2024
| INDIAN MANDALA

In the last few hours, pro-Iranian militiamen have hit a British boat while it was sailing in the Gulf of Aden. A heavy obstacle in the routes between East and West. Hence the acceleration of the 'alternative' project to the Chinese Silk Road, advocated by India and the United States. The protests of the Muslim world.

| 16/02/2024
| ISRAEL - GULF
by Vladimir Rozanskij

An article by the 'Foundation for Science and Politics' in Germany identifies Astana as a major frontier country in today's world. It highlights its ambition for its own 'strategic autonomy' in the delicate game of geopolitical balances. Favoured also by the new space opened up for its economy by the sanctions against Russia.

| 16/02/2024
| CENTRAL ASIA

The Middle East’s largest Hindu place of worship is in a country that is home to 3.6 million Indian workers. Its ruler, Mohammad bin Zayed, wants to make it a crossroads for interfaith dialogue. During his visit to the Gulf country, Modi also said laid the foundation stone of Bharat Mart, a huge "Indian market" in Dubai, hosting logistics services for exports from India to Europe and Africa.

| 14/02/2024
| INDIA – UNITED ARAB EMIRATES
by Arundathie Abeysinghe

The 18% increase brings families to their knees, costs have become 'unsustainable and unaffordable'. Stationery imports also down, historic bookshops lay off staff. Book lists are halved, parents looking for discounts and forced to cut back on school supplies. The price of paper has risen by 300%.

| 14/02/2024
| SRI LANKA

More than 500 Nepali savings cooperatives are in dire straits with US$ 490 million in depositors’ money at risk. The lack of controls and the use of money by promoters to obtain bank loans are blamed. The prime minister promises to intervene, but victims accuse politicians of complicity.

| 13/02/2024
| NEPAL
by Melani Manel Perera

In January, Sri Lanka reported highest arrivals since 2019 after it scrapped visas for Chinese, Russians, Japanese, and Indian visitors. The sector is crucial to for the country to recover from its current economic crisis, with the government seeking to attract 2.3 million tourists in 2024.

| 12/02/2024
| SRI LANKA
by Angeline Tan

Philip Chan, 59, is the first to come under the Foreign Interference (Countermeasures) Act, adopted in 2022 to deal with growing pressure from the People's Republic of China (PRC). A real estate developer linked to a Shenzhen-based group, Chan attended the Chinese People's Political Consultative Conference in Beijing last year.

| 08/02/2024
| RED LANTERNS
by Vladimir Rozanskij

Brussels has promised the Central Asian partners to mobilise substantial resources for state and private investments of up to EUR 10 billion by 2027. The largest part will go towards the creation of the Transcaspian multimodal corridor, which will be the main alternative to the northern route through Russia and Belarus. Moscow's reactions.

| 05/02/2024
| CENTRAL ASIA

Archbishop Paglia made the announcement in Bengaluru at the Plenary Assembly of the Conference of Catholic Bishops of India (Latin rite). Meanwhile, Tsai Ing-wen, the outgoing president of Taiwan (a leading semiconductor manufacturer) wrote to Pope Francis, saying that her country is “working intelligently to develop AI technology” while “always keep[ing] humanity foremost in mind.”

| 03/02/2024
| ASIA
by Melani Manel Perera

The former Health Minister Keheliya Rambukwella was questioned for 10 hours and remanded into custody in connection with fake papers involving a batch of vials that failed quality tests. The scam cost US$ 415,000 to a country whose health care is on the verge of collapse.

| 03/02/2024
| SRI LANKA
by Vladimir Rozanskij

Turkmenistan wants to make up for the shortage of school books by switching to online libraries. But this contrasts with the very poor quality of the online network, which is also due to the tight police control to prevent the dissemination of undesirable material.

| 02/02/2024
| TURKMENISTAN
by Vladimir Rozanskij

The government in Biškek has launched a crackdown on cooperatives, a Soviet legacy that is still very active in the construction industry but until now with few guarantees for members. A new law requires transparency and the registration of money transfers on a special site. Meanwhile, investigations are proceeding into fraudulent cases that have led to losses worth millions of euros.

| 26/01/2024
| KYRGYZSTAN
by Steve Suwannarat

The two countries now rank 7th and 10th in Asia in terms of GDP, but while Vietnam is experiencing rapid growth across all sectors, several reports highlight Thailand’s woes because of overreliance on existing strengths amid new challenges, experts say.

| 23/01/2024
| THAILAND – VIETNAM

Japanese law would provide for foreign female interns to have a pregnancy while receiving the necessary subsidies from the company, and then resume the internship. But according to Jiho Yoshimizu, representative of the nonprofit organization that carried out the investigation uncovering the abuses, "their human and reproductive rights are in fact violated by the current Japanese labor system."

| 22/01/2024
| JAPAN - VIETNAM
by Sumon Corraya

For the World Economic Forum, energy shortages are the top risk among five that threaten the country's economy. Gas shortages make cooking harder, leading to greater distress in people. Manufacturing is also affected. Without quick action, production could see a major drop.

| 20/01/2024
| BANGLADESH
by Vladimir Rozanskij

A delegation of MPs from the ruling party visiting the People's Republic of China after the signing of the strategic partnership agreement. The opposition is accusing: they are looking for a shore outside the West, to weaken the European integration process.

| 18/01/2024
| GEORGIA - CHINA

The National Bureau of Statistics has resumed publishing data after suspending their release in the summer. The drop from 21.3 to 14.9 per cent is linked only to the removal of job-seeking students from the total. Meanwhile, last year’s 5.2 per cent growth in GDP trumpeted by Premier Li Qiang does not convince the markets.

| 17/01/2024
| CHINA

Cambodia is one of the few Southeast Asian countries without a consumer protection association. David Hutt, researcher at the Central European Institute of Asian Studies, "The authoritarian political system, which isn’t about to open up, has denied space for ordinary people to express themselves as citizens. The next best thing would be to empower them as consumers."

| 17/01/2024
| CAMBODIA
Editor's choices
 
by Dario Salvi
The 2024 Niwano Peace Prize, the “Nobel Prize for Religions" was given to a Sufi Muslim, who teaches at the American University in Washington, for his "holistic contribution to the cause of peace”. After the Hamas attack sparked Israel's ...
| 27/02/2024
| GATEWAY TO THE EAST
 
An image of Christ on the cross painted in Stanley Prison by the Catholic businessman on trial under the National Security Act is on display at the Catholic University of Washington. Meanwhile Agnes Chow from Canada recounts her imprisonment in Hong ...
| 27/02/2024
| HONG KONG - UNITED STATES
 
by Santosh Digal
The archbishop of Goa was elected today in Bangkok by the heads of the continent's Bishops' Conferences. Next January he will become the third Indian to head the collegial body, taking over from Card Bo, Archbishop of Yangon, who led the organisation ...
| 22/02/2024
| ASIA
 
by Dario Salvi
The Italian Marco Rodari, known as 'Claun il Pimpa', talks about his bond with the artists of the Strip, a movement that he himself helped to create. Gifting a smile to a child can mean the difference between anger in the moment and hatred in ...
| 21/02/2024
| GAZA - ITALY
 
by Mathias Hariyadi
While it will take days before final results are in, the former general is projected to win around 60 per cent of votes. “Indonesians want harmony among their leaders,” he told his supporters.
| 14/02/2024
| INDONESIA
 
by Gianni Criveller 柯毅霖
The three recent appointments of bishops indicate a willingness not to break. But the Agreement with the Vatican is never even mentioned by the People's Republic of China. While a "five-year plan" for Catholics has just come into force that cites ...
| 12/02/2024
| CHINA - VATICAN
 
Founded by PIME missionaries, it is the destination of pilgrimages of hundreds of thousands of faithful. Bishop Raja Rao: "Mary is blessed here even by non-Christians". PIME Superior General Fr. Brambillasca: "Let it be a place where missionary vocations ...
| 11/02/2024
| ECCLESIA IN ASIA
 
Despite being in prison and excluded from voting, the populist former prime minister overshadowed the election campaign, whose outcome will be decided next Thursday. The UN Human Rights Office is “disturbed” about "harassment, arrests and ...
| 06/02/2024
| PAKISTAN
“L’Asia: ecco il nostro comune compito per il terzo millennio!” - Giovanni Paolo II, da “Alzatevi, andiamo”