The ground breaking ceremony for what aims to be London’s third financial and business district at the Royal Albert Dock will be held on Wednesday 28 June – a significant milestone in the development of the ambitious new project. Sadiq Khan, Mayor of London, will be the keynote speaker at an event to mark the... View Article

The Philippines will get a new Central Bank Governor next month. President Duterte has appointed Nestor Espenilla, currently the Central Bank’s Deputy Governor for supervision and examination, to replace Amando Tetangco, who will retire. Tetangco has been governor for almost 12 years. The choice of an insider to replace him ‘ensures the continuity of policy... View Article

Asian media morning editions ran with UK election exit polls on predictions for a hung parliament. ‘Britons elect hung parliament in general election’ ran the China Daily International edition, quoting early edition UK newspaper headlines that pointed to no overall majority for the ruling Conservative Party. Singapore’s Straits Times lead with UK Prime Minister Theresa... View Article

The Organisation for Economic Co-operation and Development (OECD) has said that it expects the UK economy to slow in 2017 and 2018 due to uncertainties about the outcome of the Brexit negotiations. The projection, unveiled in the OECD’s latest Global Economic Outlook, is based on the assumption that there will be no trade deal between... View Article

Asian nations have pledged to clean up plastic pollution. China, Thailand, Indonesia and the Philippines have told a UN oceans summit in New York that they would work to keep plastics out of the sea. It’s estimated that between five and 13 tonnes of plastic is deposited in the sea annually, with 75 per cent... View Article

Vietnam’s Prime Minister Nguyen Xuan Phuc said that “history shows that whether we support or oppose globalisation, it remains an inevitable trend.” Prime Minister Nguyen, speaking after his visit to the US, was the first leader from an ASEAN member state to meet President Trump, who withdrew the US from the Trans-Pacific Partnership (TPP) of... View Article

Kishore Mahbubani, who spoke at Asia House last year, says that globalisation has not failed. In an interview with The WorldPost, Professor Mahbubani, of the Lee Kuan Yew School at the National University of Singapore, said that Western elites did not share the fruits of globalisation with the broader population and left them unprepared for... View Article

A region-to-region Free Trade Agreement (FTA) is the ultimate goal for both the European Union (EU) as well as the Association of Southeast Asian Nations (ASEAN). Negotiations for an EU-ASEAN FTA were launched in 2007 and paused in 2009 to give way to bilateral FTA negotiations. After the conclusion of FTAs with Singapore and Vietnam,... View Article

Prime Minister Shinzo Abe has indicated that Japan is interested in cooperating with China on their ambitious Belt and Road Initiative (BRI). Abe was speaking today at a dinner which was part of Nikkei’s Future of Asia conference in Tokyo.  His comments follow the visit to Tokyo last week of Chinese State Councillor Yang Jiechi,... View Article

The Government of Thailand has approved a $US2.9 billion (100 billion baht) infrastructure fund to finance transportation and power projects in the Kingdom, reports the Infrastructure Journal. The Thailand Future Fund, which has finally launched after being delayed by the military government, aims to raise an initial $US1.2 billion in Q3, said Ekniti Nitithanprapas, director-general of the... View Article