Business

<strong>Xi’s Policies Driving Rich Businessmen To Flee China</strong>
Business, China

Xi’s Policies Driving Rich Businessmen To Flee China

Chinese leader Xi Jinping's crackdown on industries such as technology, real estate and education, and his push for "common prosperity" over the past two years, have terrified China's wealthy community. Especially since Xi Jinping won his third term at the 20th National Congress of the Communist Party in October last year, rich people's worries about their future in China have worsened. Bloomberg News reported on January 25 that there is a massive surge in Chinese seeking to immigrate to North American countries. Wealthy Chinese are desperate to move as soon as possible. It reported that China faced about $150 billion in annual capital flight and would face a large outflow of funds in 2023, which might put pressure on its currency, yuan and the current account. A large number o...
China’s Push to its Digital and Security Companies in Gulf
Business, China

China’s Push to its Digital and Security Companies in Gulf

markets and strategic hubs. However, the same threats that the West alleged to have faced with Chinese companies cannot be ruled out in the Gulf, even as Beijing is putting an all-out effort to promote its digital and security companies to supply intelligence monitoring networks to Middle East countries. While most of the western countries are banning Chinese surveillance products fearing surveillance and other security hassles, China has increased its engagement to secure contracts in Saudi Arabia, Qatar and others. Qatar’s Ministry of Interior’s (MoI) Internal Security System Department which relied on Swedish technology for its CCTV surveillance systems, is now offering its market to Chinese companies. Hikvision and Dahua are the two prominent Chinese CCTV/video surveillance compani
<strong>CHINA’S BRI PUSH IN 2023 TO FURTHER EXPAND ITS SOFT INFLUENCE</strong>
Business, China

CHINA’S BRI PUSH IN 2023 TO FURTHER EXPAND ITS SOFT INFLUENCE

While China hides the truth about the near-stoppage of its most prestigious BRI project related to the economic corridor between the two countries in Pakistan, the communist country is using the new year to tom tom its success elsewhere. China embarked on the BRI project with Pakistan a few years ago but Pakistan realised neither its citizens nor its infrastructure were in reality profiting from it, other than provide China a land and rail facility to move its goods to Europe through Pakistan. During the period Imran Khan was Prime Minister, he saw through the game. Many projects were suspended as local Pakistanis started protesting, angered at the easy prosperity of Chinese nationals living in their country working on the projects while local Pakistanis hardly got any jobs or other...
Singapore greens the investment landscape
Business, Singapore, World

Singapore greens the investment landscape

Singapore greens the investment landscape In recent years, Singapore has been pushing greener standards in the investment and finance market, as well as the larger economy. (Photo: Joel Chong) 'Overall, it's a good thing to have," said Khoo De Wan. He was speaking of Singapore's Environmental, Social and Governance standards, or ESG, which listed companies in the nation must abide by. The local resident and investor added, "It may help to bring in more business, but by itself it's not enough to make a company an investable company. That's my thinking." "Sad to say, the end goal [of investing] is monetary or financial, rather than environmental," said Mr Khoo. Thinking like Mr Khoo's are what the Singapore Exchange (SGX) has been seeking to shift over the past six years or so. This is p...
Trying times ahead for Thai leadership
Business, China, Conflict, Politics, World

Trying times ahead for Thai leadership

Trying times ahead for Thai leadership Prime Minister Prayut Chan-O-Cha, centre, is surrounded by a crowd while attending a groundbreaking ceremony for a monument honouring the late King Bhumibol Adulyadej the Great at a memorial park in Bangkok on Dec 5. AFP In the Year of the Tiger, three prominent issues will determine Thailand's future and its position in the region and among the international community. These three are the leadership crisis and political developments on the homefront, Thailand's perceived regional role, and its pro-active engagement with great powers. For more than a decade, domestic factors have dragged the country down. Day-to-day political meddling and brinksmanship by leaders continue without any real prospect for tangible reform or progress in sight. Interna...
Executives envision 2022 outlook
Business, China, Opinion, World

Executives envision 2022 outlook

Executives envision 2022 outlook While 2021 was full of unexpected challenges from the pandemic, the Bangkok Post has turned an eye towards what 2022 might have in store for Thailand's business sphere. Our team of business reporters spoke with influential industry leaders across the economy, including banking, aviation, telecommunications, agriculture, hospitality, energy, online retailing and property. Some of the highlights are the interview with the chief executive of Thailand's largest private company Charoen Pokphand, and a discussion with tech visionary Jirayut Srupsrisopa, whose fintech company became the first of its kind to reach "unicorn" status in Thailand. Read more about interesting business trends and outlooks that top executives in Thailand anticipate in the new year. S...
Slovenia’s move on Taiwan leaves China fuming, Slovenia, EU keep eye on Beijing?
Business, China, Conflict

Slovenia’s move on Taiwan leaves China fuming, Slovenia, EU keep eye on Beijing?

The entire world is closely watching how two tiny members of the EuropeanUnion have shown courage to stand against China and its aggressive politicaland economic moves. First was Lithuania and it is Slovenia now. The CentralEuropean country has openly disclosed its plan to establish a representativeoffice in Taiwan. Lithuania and Slovenia are members of NATO and plan to setup their own representative offices in Taiwan, a close US ally. Their move hasleft China shocked and fuming.Ahead of winter Olympic games Slovenia’s Prime Minister Janez Jansadisclosed his plans to establish a representative office in Taiwan. TheSlovenian prime minister stated that he had visited Taiwan four or five times,and that Taiwanese should have the right to determine their future. Taiwan isa democratic country t
GEC chooses Liverpool as its only Canadian call centre
Business, World

GEC chooses Liverpool as its only Canadian call centre

Global Empire Corporation (GEC) is making Liverpool the site of its only call centre in Canada. “We have about 3,000 employees internationally and it’s about time we give opportunities to our fellow Canadians,” GEC’s founder and president, Moe Nashman, told LighthouseNOW. Nashman, who resides in Edmonton where the company is headquartered, said when it came to selecting a site for a call centre in Canada, Nova Scotia stood out, “and the people of Liverpool stood out even more.” Nashman was in Liverpool Dec. 22 to sign a five-year lease agreement with the Region of Queens Municipality (RQM), which owns the Liverpool Business Centre located at 54 Harley Umphrey Drive, where GEC intends to locate. A small portion of the building is currently the home of the accounting firm, Belliveau Vein
Indigenous tourism officials now predicting quicker recovery from pandemic
Business, World

Indigenous tourism officials now predicting quicker recovery from pandemic

A lengthy recovery from the pandemic, lasting perhaps as long as a decade, is no longer being predicted for the Indigenous tourism industry in Canada. Keith Henry, the president and CEO of the Indigenous Tourism Association of Canada (ITAC), had said this past September that research had indicated it would take until 2028 for the tourism industry to fully rebound across the country. At the time Henry said it could actually be 2030 before the Indigenous tourism sector fully recovers to pre-pandemic levels, since it was being disproportionately impacted compared to other tourism businesses across the country. Earlier this week, however, Henry was in much better spirits. That’s because on Monday, Jan. 10, ITAC released its 2022-25 strategic plan titled Building Back Better. Provided they
US on alert for supply chain disruptions caused by Omicron in China: Biden officials
Business, China, World

US on alert for supply chain disruptions caused by Omicron in China: Biden officials

WASHINGTON (BLOOMBERG) - The Biden administration is monitoring real-time data obtained from businesses operating in China to determine whether outbreaks of the Omicron variant of the coronavirus pose a risk to US supply chains, an administration official said. It is too early to tell whether there will be any impact on the American economy from the variant's spread in China or from aggressive efforts by officials there to stamp it out, the official said. The official asked not to be identified discussing the administration's efforts because the data is not public. President Joe Biden and his team have been accused by political opponents of being caught flat-footed both by pandemic-related supply chain disruptions that have driven inflation to four-decade highs and by the arrival of the...