Changes to China’s constitution enabling President Xi Jinping to stay on indefinitely were approved yesterday (Sunday), prompting fears of a return to ‘one-man rule’, the Financial Times reports. Delegates in China’s parliament voted 99.79 per cent in favour of abolishing presidential term limits, introduced in 1982 to prevent a return to personal rule and the... View Article

Singapore is to open a new ‘cyber-security start-up incubation hub’ next month in an effort to boost entrepreneurship and improve its cyber-security credentials. The hub, dubbed the ‘Innovation Cybersecurity Ecosystem @Block71’, aims to host 40 start-ups over the next two years, the Straits Times reports. The enterprises will be focused on developing cyber-security products and... View Article

New steel and aluminium tariffs announced by US President Donald Trump this week have attracted condemnation from key exporters, and sparked fears of a sharp stock market sell-off in the US and Asia. The duties of 25% on steel and 10% on aluminium, announced on Thursday, will be implemented broadly without targeting specific countries. According... View Article

The Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, will visit the UK on 7 March to begin a three-week global tour aimed at strengthening ties and encouraging international investment. The visit is part of the ‘Vision 2030’ plan, which promotes social and economic reform to help open up the Saudi economy and catalyse... View Article

The US is discussing the prospect of rejoining the Trans-Pacific Partnership, Treasury Secretary Steve Mnuchin has revealed. “I’ve met with several of my counterparties and other people, and we’ve begun to have very high-level conversations about TPP,” he said, adding that a possible renegotiation is “on the table,” the Straits Times reports. The comments followed... View Article

Indonesia is to transform 335 hectares of land in Bantul and 50 hectares in Kulon Progo, Yogyakarta, into “the Silicon Valley of Indonesia,” according to a regional official. Budi Wibowo, Yogyakarta’s regional secretary for development affairs, said the two areas will host industrial estates focusing on creative industries including fashion, animation and games, The Jakarta... View Article

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