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.
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.
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.
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.
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.
The latest figures released by the Israel Innovation Authority (IIA) show a grim picture for 2024. Since the Gaza War started, more than 8,000 high-tech workers have relocated abroad. IAA boss calls for "immediate attention" for the sector. Meanwhile, Prime Minister Netanyahu goes to Washington to meet Trump to discuss tariffs and hostages in Gaza.
Work has officially begun on the construction of a 120-megawatt power plant in the Trincomalee area. India and Sri Lanka have also announced the creation of the Colombo Security Conclave, a security cooperation forum that also includes Bangladesh, the Maldives and Mauritius.
After much hesitation and meetings at the level of individual countries, now in Samarkand the European Union has openly declared its intention to ‘raise relations to the level of strategic partnership’ with the region as a whole. But local leaders, who aim to ‘diversify’ their foreign policy, are waiting to see how many resources Brussels will really put on the table.
China has announced its countermove against US-made goods and new restrictions on the export of rare earths. Meanwhile, 50 years after the end of the Vietnam War, Hanoi deems 46 per cent tariffs imposed by the White House as “unfair”, but it is open to mediation and does not plan to retaliate. In the meantime, however, Tô Lâm could go to Moscow in May for the Victory Parade.
With the border agreement, after four years of deadlock, air links have been re-established and trade routes re-opened. The agreement could usher in a period of strong economic growth, especially for Tajikistan, the most underdeveloped country in all of Central Asia.
Senior officials from the Ministry of Energy met with Monsignor Kleden to discuss development projects. The prelate confirmed the Church's opposition, to protect the population and the territory. In the area, 80% of the inhabitants are farmers. Behind Jakarta's pressure are the interests of multinationals.
As the tariffs imposed by US President Trump heat up the trade war, the three countries are looking for new ways of working together. The summit got underway today until tomorrow in Seoul. The South Koreans and Japanese are concerned about tariffs on cars. Meanwhile, Beijing announces countermeasures if Washington continues the trade war.
In Oceania too, dependence on creditors has grown, a problem at the centre of Pope Francis' appeal for the Jubilee 2025. With clear political will, the serious situations in other countries could still be avoided, but there is still little awareness. On 24 May, a global 24-hour “Relay for Peace” will start from Samoa to raise awareness.
A move to increase tax revenues, but risks undermining domestic production that had experienced a period of strong expansion. The association that brings together operators expresses great ‘concern’. For experts, a tax regime ‘that incentivises locally assembled vehicles’ is preferable.
To reach an upper-medium level of development this decade, greater investments in energy are needed. For supporters, nuclear plants would guarantee stable and "clean" energy, and improve the environment at a critical juncture for traditional renewables. Moscow and Beijing would partner in infrastructure development.
The sector drives the Bangladeshi economy with 85% of total exports and a related industry worth 47 billion dollars. However, many workers are demanding payment of numerous months of arrears and bonuses linked to the festival celebrating the end of Ramadan. The empty promises of company management, with the police repressing the demonstrations.
Debit cards and various kinds of talony, the ‘coupons’ for the lean years as in Gorbachev's perestroika, are becoming increasingly widespread and widespread in today's Russia. But with a thousand roubles charged per month, it's not much to cope with the economic crisis. And there are those who are once again calling for the prices of basic necessities to be regulated from above in the typically Soviet way.
The US retail giant has reportedly asked Chinese companies to cut prices to compensate for the Trump tariffs. Chinese suppliers complain that they are already working with very narrow profit margins to compete. China’s Ministry of Commerce warns the US company that its interests in the Chinese domestic market are also at stake.
Two Chinese universities are experimenting with a new device that replaces silicon wafers by adopting a revolutionary ternary system. Tests show a significant reduction in energy consumption for the calculations required by artificial intelligence. The stated goal is to make it the reference technology within 10-15 years.
In the country devastated by more than 10 years of war, there are very young children, even 13-year-olds, driving taxis or public transport. The hope of earning even small amounts of money to support impoverished families. UN: the crisis triggered by the conflict ‘has disproportionately and devastatingly affected women and girls’.
To keep growth at 5 per cent, Premier Li Qiang told the National People's Congress that the government would issue new treasury bonds to support consumer goods trade-in programmes. The deficit-to-GDP ratio rises to 4 per cent. In 2025, spending in education and scientific research will rise while defence spending is set to grow by 7.2 per cent. China’s response to Trump's new tariffs is for now limited to US agricultural products.
The island of Java is the most affected, where there has been a significant impact on the production sector. Among the companies in crisis is the clothing giant PT Sritex, with about 11 thousand layoffs in various departments and the non-payment of compensation since last August. The government is promising action but the 5% growth target for the first quarter of 2025 could be missed.
The international sanctions against Russia and Iran have allowed Azerbaijan to exploit its central position, and not only in geographical terms. The bet is on a large north-south transport corridor that would open the doors of the Indian Ocean to Moscow, from where it could circumvent any form of pressure.
Just one month after the launch of the new ‘made in China’ artificial intelligence prototype, municipalities and government officials are competing to adopt it in their offices. It is considered an important step forward in the realisation of so-called ‘smart cities’.
The state-owned oil giant is involved, with billions in losses. The Attorney General's Office has revealed a fraud related to the blending of fuels. Thousands of vehicles may have suffered serious damage. The malfeasance stems from serious lack in transparency and heavy political meddling.
In a letter released by the Catholic charity, 124 faith leaders call on the finance ministers of the richest countries in the world to take concrete steps to end the scandal of poor countries spending more on debt repayment than on health and education. The goal is to set up a UN Debt Convention and a public global debt registry.
The company Yandex has increased the percentages for taxi drivers, and has stifled all the other players in the market for the transport of people and goods (including Uber) in Kyrgyzstan, Kazakhstan and Uzbekistan. The measures launched by the local antitrust agencies have been ineffective.
The Tajiks consider themselves the main heirs of the trade routes of centuries ago, of the ‘first Eurasian globalisation’ in history. But today, according to the political scientist Abdugani Mamadazimov, they are forced to play catch-up with their neighbours while the whole world looks to Central Asia as a crucial area of connections between East and West.
The Chinese president met today with the heads of leading digital companies. State TV showed Xi greeting Alibaba’s co-founder, the business giant forced to keep a low profile since 2020. The move comes as China’s economy struggles. “It is time for private enterprises and private entrepreneurs to show their talents,” Xi told his audience.
Southeast Asia expert Bridget Welsh analyses Kuala Lumpur's first steps at the helm of the bloc: the leadership will be successful if it puts ‘the interests of those who live in the region above those of its leaders’. ‘Calling for “inclusive elections” in Myanmar contradicts the real situation on the ground’.
