Rubric Economy

Economy
by Joseph Masilamany

The declaration adopted at the ASEAN summit, proposed by current chair Anwar Ibrahim, outlines a series of goals for 2045 aimed at strengthening the role of the regional organisation. A renewed appeal was made to Myanmar to extend the ceasefire and open up space for genuine dialogue. A meeting has been requested with Donald Trump over tariffs. At the same time, trilateral cooperation with China and the Gulf countries is gaining momentum.

| 27/05/2025
| MALAYSIA - ASEAN

In the race with Washington for dominance in this crucial sector, Beijing has now introduced new educational guidelines aimed at equipping students with the ability to design algorithms by the time they reach secondary school. Rather than solely focusing on developing the most advanced technologies, China aims to win this global competition by cultivating a society that can fully harness the potential of these tools.

| 27/05/2025
| CHINA
by Vladimir Rozanskij

Several of the country’s major business groups have formed a network to promote the idea that collaboration is more productive than competition, and they are now working together to find common paths to strengthen the national economy. Their efforts begin with social projects such as supporting low-income families, schools, and student hostels.

| 23/05/2025
| TAJIKISTAN
by Lisa Bongiovanni

Taku Etō resigned after saying that he personally had too much rice in a country where the price of the staple food has been steadily rising for several months, caused by greater consumption sparked by a tourism boom, and by regulated output. Rice is now a pawn in tariff negotiations with Washington.

| 21/05/2025
| JAPAN
by Vladimir Rozanskij

The government in Tbilisi is proudly touting Georgia’s buoyant GDP figures, claiming that the economy has tripled in recent years thanks to its own policies. However, the real driving force behind this surge has been the indirect effects of the war in Ukraine. Around 100,000 Russians have fled to Georgia to escape Putin’s mobilisation, and the boom in less visible sectors of the economy—such as trade triangulation to bypass sanctions against Moscow and surrogacy clinics—has fuelled further growth.

| 21/05/2025
| GEORGIA
by Vladimir Rozanskij

The 16th edition of the Kazan Forum, a platform for cooperation between Moscow and the countries of the Organisation of Islamic Cooperation (OIC), was held in the capital of the Russian republic of Tatarstan. Topics discussed included digital financial systems to promote the use of national currencies in Islamic banking, and the use of technology to spread Islamic culture.

| 19/05/2025
| RUSSIA

Chinese concerns over its army of subcontractors in the garment industry working for big brands is behind the first truce in the Sino-American trade war. The China Labour Bulletin reports protests and closures in April. Local authorities are trying to limit the damage with informal mediation, hoping for a recovery. Facts contradict statements by Western brands about “responsible exits”.

| 15/05/2025
| RED LANTERNS
by Vladimir Rozanskij

The breakdown in relations with Europe was portrayed by Russian propaganda as a bright new horizon for the Eurasian space. But sanctions have enabled Kazakhstan, Kyrgyzstan and Uzbekistan to grow in their role as intermediaries in trade with third countries. And today, many migrants are looking more to the West than to Moscow.

 

| 15/05/2025
| RUSSIA - CENTRAL ASIA
by Vladimir Rozanskij

The region holds vast reserves of these minerals, now highly sought after by the high-tech industry. Kazakhstan speaks of “unparalleled deposits”. The European Union is working to foster suitable partnerships as a possible alternative to China for supplies. However, these efforts are hindered by underdeveloped technological infrastructure, which slows down the region’s real prospects for growth.

| 14/05/2025
| CENTRAL ASIA
by Dario Salvi

The US president is in Saudi Arabia, the first stop on a regional trip that includes the United Arab Emirates and Qatar (but not Israel). His agenda is centred on business and billion-dollar deals (including weapons), relegating other issues to the margins. Economics and Saudi money overshadow human rights issues and environmental concerns linked to the Red Sea megaproject.

| 13/05/2025
| GATEWAY TO THE EAST

The agreement reached in Geneva calls for a 90-day pause to record duties and counter-tariffs that took effect on 2 April, unsustainable for both economies. Now the real negotiations can begin, which, however, must deal with political “red lines”.

| 12/05/2025
| CHINA – UNITED STATES
by Mathias Hariyadi

Meeting with Bill Gates, President Prabowo Subianto expressed gratitude for the aid, which the foundation began to give in 2009. The Indonesia leader also pledged to award the US philanthropist Indonesia’s highest national honour. In addition to health, the money has been used in agriculture and technology. Indonesia's PT Bio Farma produces up to two billion doses of vaccine every year, distributed in over 40 countries benefitting more than 900 million people.

| 08/05/2025
| INDONESIA
by Lisa Bongiovanni

In the era of tariffs, stimulating domestic demand is vital for Beijing. But consumption is growing slowly—and it is no longer the megacities driving it, but smaller cities, where wages and confidence in the economy are rising. These shifts may also bring about broader social changes.

| 08/05/2025
| RED LANTERNS
by Vladimir Rozanskij

According to expert Aleksey Ižak of the Institute for Strategic Research, the 50% split of royalties provided for in the agreement reached after the meeting between Trump and Zelensky seems fairly equitable for Ukraine's needs, even if the funds accumulated in the operations are unlikely to be sufficient to cover the full cost of rebuilding the country.

| 05/05/2025
| UKRAINE - UNITED STATES
by Steve Suwannarat

Singapore’s unicameral legislature is set for renewal. A divided electorate could decree the end of the hegemony of the People’s Action Party. Fears of instability are likely to affect the economy, while negotiations with the United States on tariffs are underway. In a country with an aging population, immigration remains an unresolved issue.

| 02/05/2025
| SINGAPORE
by Fr Giorgio Licini *

It was supposed to be a land of promises for those who had always lived from subsistence farming. Thanks to the employment brought by the mine, they had access to modern education and healthcare. But the end of the licence and a vicious cycle of tribal struggles have sown death and desolation. The government of Papua New Guinea has recently negotiated the mine’s reopening. But with many unknowns about the future.

| 01/05/2025
| PAPUA NEW GUINEA

According to the SIPRI report, global military spending hit a new high in 2024, at US$ 2.7 trillion. China accounts for half of all military expenditures in Asia, with spending rising in the Far East Asia, especially by Japan. In the Middle East, Israel is investing 8.8 per cent of GDP in the military, the second-highest percentage in the world.

| 28/04/2025
| ASIA
by Steve Suwannarat

Despite the average age is still around 31, seniors over 65 are already 8.1 per cent of the more than 35 million Malaysians. Their share is bound to grow rapidly due to the combined effect of longer life expectancy and ageing in a society where care for the elderly is still almost entirely delegated to families.

| 28/04/2025
| MALAYSIA
by Vladimir Rozanskij

Through tax breaks and the commissioning of new small hydroelectric power plants, the government in Bishkek is resolutely pursuing a path of ecological transition. This will bring significant benefits for businesses, but doubts remain about the impact on the behaviour of individual citizens.

| 28/04/2025
| KYRGYZSTAN
by Lisa Bongiovanni

Between 2000 and 2020, the region recorded an urban population growth rate of around 2.3% per year - one of the highest globally. By 2050, more than half of the Pacific's population will live in urban areas.

| 25/04/2025
| OCEANIA
by Vladimir Rozanskij

According to documents, hundreds of Uzbek farmers have handed over their property “voluntarily”, but many claim that this happened “under pressure from the internal affairs and prosecution authorities”. There are currently over 3,500 Chinese companies operating throughout the country.

| 23/04/2025
| UZBEKISTAN - CHINA
by Lisa Bongiovanni

The ESCAP summit on sustainable development is currently underway in Bangkok, focusing on those urban peripheries so dear to Pope Francis. The complaint: the Asia-Pacific region has the largest housing deficit in the world, and the development and enrichment of urban centres is not solving the problem. Meanwhile, climate change risks worsening the situation.

| 22/04/2025
| ASIA
by Arundathie Abeysinghe

Despite officially banning palm oil cultivation in 2021 due to its environmental impact, large companies involved in this market continue their activities in the country, where consumption of this ingredient remains high. The measure ultimately discourages the introduction of new plant varieties that could represent a solution to the problem, as they have a more limited impact on water resources.

| 19/04/2025
| SRI LANKA
by Vladimir Rozanskij

As part of the conversion to a war economy over the past three years, the Russian Attorney General's Office has confiscated 411 large companies from private individuals, with assets exceeding 30 billion dollars. Among the main managers of these operations are the two oligarch brothers closest to President Vladimir Putin, Arkady and Boris Rotenberg.

| 15/04/2025
| RUSSIA

President Subianto's announcement came during his visit to the Turkish capital yesterday. Turkey’s first fighter jet is set to replace the F-16s. The Indonesian government also plans to participate in submarine development with Turkey. In February, in West Java, the two leaders signed several agreements on trade and defence.

| 11/04/2025
| INDONESIA – TURKEY
by Giorgio Licini *

After a public consultation that ended on 4 April, the government is preparing to approve the new mining law that replaces the 1992 regulations. The risks of offshore mining and the call for a permanent moratorium. The church organisation also calls for specific regulations to prevent the ‘manipulation’ of remote and poorly educated communities. The controversial issue of land ownership.

 

| 10/04/2025
| OCEANIA

The sector is growing rapidly in the country. Most of the patients come from Indonesia, but Kuala Lumpur aims to become a global medical hub challenging Thailand in Southeast Asia. To do so, it aims to optimise services, streamline immigration and invest in international partnerships.

| 10/04/2025
| MALAYSIA
by Arundathie Abeysinghe

According to the Joint Apparel Association Forum, the 44% tariffs imposed by the White House risk causing a serious setback. Textiles make up 64% of Sri Lanka's exports for 1.8 billion dollars in 2023, with possible losses of up to 300 million dollars. Far-reaching impacts also for rubber and other sectors.

| 09/04/2025
| SRI LANKA

The strategic infrastructure in the south-west had a makeover thanks to Chinese support. For Prime Minister Hun Manet, the country will not allow foreign military bases on its territory, but is open to Chinese aid. Chinese President Xi Jinping is expected to visit the country to promote China as the only reliable partner for the region, taking advantage of US disengagement and Trump's tariffs.

| 08/04/2025
| CAMBODIA – CHINA

The Hang Seng index is down by 13.22 per cent, its sharpest drop since 1997, in the wake of the trade war triggered by tariffs. Recession fears are also sinking Singaporean real estate companies. Massive interventions by a Chinese sovereign wealth fund contains losses on the Shanghai stock exchange.

| 07/04/2025
| ASIA
Editor's choices
 
Party leaders urge supporters to refrain from celebrations and pray "for the future of Bangladesh”. Jamaat-e-Islami acknowledges defeat but is "not satisfied" with the electoral process. India, Pakistan, and the United States have reacted. The ...
| 13/02/2026
| BANGLADESH
 
by Dario Salvi
The cardinal who recently left his post in Damascus reflects with AsiaNews on his long service in the country amid the suffering of children and the faces of friends who have disappeared. A nation ‘destroyed and humiliated’ that must find ...
| 13/02/2026
| VATICAN - SYRIA
 
After five years, the landmark trial under the national security law ended. The founder of Apple Daily was charged with conspiracy and sedition. Chief Executive Lee praised the “severe” sentence that brings “relief to all”. Cardinal ...
| 09/02/2026
| HONG KONG – CHINA
 
by Steve Suwannarat
Defying predictions, the Bhumjaithai Party is leading in the seat count by a wide margin. Outgoing Prime Minister Anutin Charnvirakul, a populist businessman who got a boost by the conflict with Cambodia, also won in Pheu Thai strongholds. The reformist ...
| 09/02/2026
| THAILAND
 
With yesterday's landslide victory, Prime Minister Sanae Takaichi will be able to advance her electoral platform, potentially opening the door to constitutional reform. The prime minister has also proposed cutting consumption taxes and boosting the ...
| 09/02/2026
| JAPAN
 
by Giuseppe Caffulli
The entire area of the ancient city of Samaria north of Nablus has been expropriated and separated from the nearby Palestinian village in the name of promoting only the Jewish period of its history. Meanwhile, the Knesset is discussing the establishment ...
| 09/02/2026
| PALESTINE - ISRAEL
 
The People's Party, heir to Move Forward in the progressive camp, leads the polls for tomorrow's vote in Thailand. But it is taking a more moderate line towards the monarchy and the elite to avoid facing dissolution, as happened to its predec...
| 07/02/2026
| THAILAND
 
by Andrea Ferrario
Despite the tariff war in 2025, China broke through the trillion mark in its trade surplus, 45% of which is now generated in Southeast Asia, Africa and Latin America. However, this wealth is not driving domestic consumption, because the fall in producer ...
| 06/02/2026
| CHINA
“L’Asia: ecco il nostro comune compito per il terzo millennio!” - Giovanni Paolo II, da “Alzatevi, andiamo”