The Islamic Development Bank (IDB) is planning to partner with the Asian Infrastructure Investment Bank (AIIB) to “co-finance many projects,” the IDB’s President, Bandar Hajjar, has told the Financial Times. Captialised at US$150bn, the IDB is the largest development organisation in the Muslim world, and funds infrastructure projects across Asia and Africa. Many of the... View Article

Singapore’s 2018 Budget, unveiled in Parliament by Minister for Finance Heng Swee Keat yesterday, aims to prepare for major shifts in the next decade. In his speech, the Minister said that the Budget was meant to be “a strategic and integrated plan to position Singapore for the future, to prepare for three major shifts in... View Article

India is set to become a ‘regional oil storage and trading hub,’ following Prime Minister Narendra Modi’s visit to the United Arab Emirates earlier this week. The major visit saw the conclusion of a deal between the Abu Dhabi National Oil Company and the state-run Indian Strategic Petroleum Storage Ltd, which will see 5,860,000 million... View Article

There are three “promising areas of mutually beneficial collaboration” between India and the Association of Southeast Asian Nations (ASEAN), the Prime Minister of Singapore, Lee Hsien Loong, said last week. Speaking at a summit in New Delhi, which included the leaders of all 10 ASEAN members, Prime Minister Lee outlined the key mutual opportunities for... View Article

President Trump made several swipes at China today, without actually naming it, in a speech to the World Economic Forum in Davos. Delegates queued for over an hour to hear the President speak in a packed auditorium, according to Bloomberg coverage. Trump dedicated the first half of his speech to the US’s economic performance during... View Article

The ongoing rift between the US and China over global trade took another turn on Wednesday when US Commerce Secretary Wilbur Ross hit out at Beijing’s ‘protectionist behaviour’. Earlier this week, China said the US posed an ‘unprecedented challenge to the multilateral trade system.’ But Mr Ross, speaking at the World Economic Forum in Davos, asserted... View Article

A version of the Trans Pacific Partnership (TPP) – without the US – is to be signed in March in what represents a diplomatic coup for Japan, which has worked hard to revive the project. The future of the TPP seemed doomed last year when President Trump announced the US withdrawal from the deal. But... View Article

New US import tariffs on solar panels and washing machines announced this week have been condemned by key Asian exporters including China and South Korea. The tariffs, which US President Trump pursued as part of his ‘America First’ policy, include rises in duties by as much as 50 per cent in some instances, according to... View Article

The City of London Corporation has today announced a year-long initiative asking businesses in the UK and abroad to help shape its work across Asia over the next ten years. The Asia Next Decade campaign sees the launch of a new website where industry partners can go to submit their views on Asia via an... View Article

The Chinese Foreign Ministry has said the US poses an ‘unprecedented challenge to the multilateral trade system’ in remarks that will do little to ease tensions between the world’s two largest economies. Foreign Ministry spokesperson Hua Chunying made the comments in response to US criticism of the World Trade Organization’s (WTO) decision to admit China... View Article