Following a record high in 2015, combined Foreign Direct Investment (FDI) flows to developing Asia contracted by 15 per cent to $US443 billion in 2016, a first decline since 2013, according to the latest World Investment Report by the United Nations Conference on Trade and Development (UNCTAD). In 2016, global FDI flows fell by about... View Article

Nick Clegg was one of the most prominent pro-European voices ahead of the 2016 referendum on the UK’s membership of the European Union (EU), and has since continued to be a regular commentator on the Brexit process. He has called for greater clarity on what Britain seeks to achieve from the exit negotiations, and ultimately on its... View Article

India today celebrates its 70th year of independence since the end of the British Raj, and it also marks the creation of Pakistan on 14 August 1947. Indian PM Modi will speak at light festivals and flag parades in Delhi, and Pakistan PM Shahid Khaqan Abbasi will preside over military air shows in Islamabad this... View Article

Iran’s President Hassan Rouhani has named two women as Vice Presidents after criticism that his proposed cabinet included no women. Dr Laaya Joneidi has been appointed as Vice President for Legal Affairs, and Dr Masoumeh Ebtekar has been appointed as Vice President for Woman and Family Affairs. Dr Shahindokht Molaverdi has been appointed as Rouhani’s... View Article

Ma Jun, the chief economist at the People’s Bank of China (PBOC), has left the bank, according to people close to the matter, reports Reuters. Ma joined the PBOC’s research department from Deutsche Bank in 2014, and pioneered green finance in China as well as commenting on monetary policies such as RMB devaluation. Generally regarded... View Article

“Engaging with Asia and in Asia is a strategic priority for the EU, whatever other powers may do. Our level of engagement does not depend on the engagement of others, and it is clearly there to stay.”  So said Federica Mogherini, High Representative of the European Union for Foreign Affairs and Security Policy, in an... View Article

Vietnam forecasts record foreign direct investment (FDI), according to Deputy Minister of Planning and Investment Dang Huy Dong. Disbursed FDI will exceed US$16 billion this year, and pledged foreign investment will increase up to US$28 billion. “We aim to draw more FDI into areas including export-oriented, energy and high-technology by building a more business-friendly environment,”... View Article

The 50th ASEAN Foreign Ministers’ Meeting is taking place in Manila this week. In addition to all 10 ASEAN Foreign Ministers, others from outside the region are also in attendance. It is the US Secretary of State, Rex Tillerson’s first visit to Manila. North Korea’s Foreign Minister, Ri Yong-ho, will also be present. One urgent... View Article

Iraq is back in the debt markets with its first unsupported bond in more than a decade. The country is offering US$1 billion of bonds due in 2023 sold at 6.75 per cent, Bloomberg reports. In January this year, Iraq announced the sale of US$1 billion in bonds guaranteed by the United States. The recent... View Article

“The importance that Hong Kong attaches to the ASEAN region and co-operation between Hong Kong and ASEAN can be reflected in my decision to make the ASEAN region the destination of my first official overseas visit in my capacity as the Chief Executive,” said Hong Kong Chief Executive Carrie Lam at the Hong Kong Summit... View Article