The Asian Infrastructure Investment Bank (AIIB) began approving projects in 2016 and since then has approved a total of 16 projects across Asia, equating to a sum of $US2499 million in loans. Most projects have a focus on energy and transport. Azerbaijan currently stands at the highest receiver of AIIB loans, followed by Indonesia and... View Article

Japan’s Chief Cabinet Secretary Yoshihide Suga said at a press conference in Tokyo on Monday that he welcomes Taiwan’s move to join the Trans-Pacific Partnership (TPP), after Taiwan Premier Lin Chuan told Japanese press that the country wished to join the TPP. Commentators at the Peterson Institute for International Economics, however, point to the need for... View Article

More than two million Mongolians are electing a new president today, having the choice of three candidates: Miyeegombyn Enkhbold of the Mongolian People’s Party, Khaltmaa Battulga of the Democratic Party, and Sainkhuugiin Ganbaatar of the Mongolian People’s Revolutionary Party. The race has so far been led by Miyegombo Enkhbold of the ruling Mongolian People’s Party,... View Article

The European Union (EU) and Malaysia will resume their Free-Trade Agreement (FTA) talks within the year, according to EU Ambassador and Head of Delegation to Malaysia, Maria Castillo-Fernandez. “Once it resumes, we can complete it in a very reasonable timeframe” she concluded. Negotiations began in 2010 but were put on hold soon after. “Bilateral trade... View Article

The £18billion nuclear power station project at Hinkley Point C in Berkshire, in which the China General Nuclear Power Corporation has 33 per cent  stake, ‘has locked consumers into a risky and expensive project with uncertain strategic and economic benefits’ according to a National Audit Office Report released today. The report found that the Department... View Article

A senior ministerial team from Indonesia returned to Beijing last week to follow up on the Belt and Road initiatives agreed by Xi and Jokowi at the New Silk Road Summit in May. The visit was led by Indonesian Maritime Coordinating Minister, Luhut Panjaitan. Competition is looming in the region as Luhut suggested that Indonesia... View Article

The Central People’s Government of China has approved Chief Executive-elect Carrie Lam’s principal official nominations for the Hong Kong Special Administrative Region’s fifth-term Government. The new administration will assume office on 1 July. Out of the 21 officials, six are incumbent ministers, four are incumbent deputy ministers who will be promoted to lead their own... View Article

Despite the current slowdown, China’s economy is still stable in the near and medium term, said Hu Shuli, editor-in-chief of Caixin Media. Speaking at the University of Oxford’s Blavatnik School of Government, Hu Shuli, who briefed Asia House corporate members last week, said that the long-term growth for China relies on embracing market economy. After... View Article

The Department for International Trade has announced that Crawford Falconer will be the UK’s Chief Negotiator on trade deals with the rest of the world and Second Permanent Secretary at the department. Falconer is both a British and New Zealand citizen and has had a long career with New Zealand’s Foreign Office, specialising in trade.... View Article

An online public dispute flared up last week in Singapore’s ruling family. The current Prime Minister’s siblings took to Facebook to say that they had lost confidence in him. PM Lee Hsien Loong is the son of the former Prime Minister Lee Kuan Yew who is credited with transforming a resource-poor but strategically located postcolonial... View Article