Business – Page 4 – The Singapore Post

Pakistan: Poor investment climate impacting telecom industry

6Jan

By Stuart WhiteNo Comments

Pakistan: Poor investment climate impacting telecom industry

Despite ruling Pakistan Tehreek-e-Insaaf (PTI) government’s efforts to increase foreign investments, the incoming Foreign Direct Investment (FDI) has been decreasing. According to a report by the State Bank of Pakistan (SBP), FDI inflow to Pakistan decreased by 30% to USD 1.39 billion during July-March (FY 2020-21) against USD 2.15 billion for the same period in the previous year. The drop is an indication of the country’s deteriorating business climate for investments including for telecommunication sector. However, the Pak government blamed the overall weak global trends for the tepid FDI inflows. Depreciating Pakistan’s currency PKR (Pakistan Rupee) and continuing high inflation rate are viewed as the immediate factors affecting returns for foreign investors. The value of PKR

28Dec

By News DeskNo Comments

Asia, Business, China, Conflict, Singapore, World

Chinese spies in Taiwan’s military

TAIPEI: Hong Kong business man, Xie Xizhang is accused of espionage in Taiwan for China. For more than 20 years he has been doing this. On one trip in 2006, Xie met a senior retired Taiwanese navy officer, Chang Pei-ning, over a meal, according to official documents accusing the pair of espionage. Chang would become one of Xie's agents, the documents allege, helping him penetrate Taiwan's active military leadership as part of a long-running Chinese operation to build a spy ring among serving and retired military officers. The Taiwanese officers and their families were allegedly lured by Xie's offers of all-expenses-paid trips abroad, thousands of dollars in cash payments, and gifts such as silk scarves and belts for their wives. In June 2019, counter-espionage officers moved ...

China watches rooting out of democracy from Hong Kong

28Dec

By News DeskNo Comments

Business, China, World

China watches rooting out of democracy from Hong Kong

Taiwan must watch warily as China uproots democracy, inch by inch, from Hong Kong, extending its grip over the autonomous region. The removal of statues representing democracy and individual freedom from three universities is the latest step in this direction. It began on December 23 in one of the island’s oldest universities, Hong Kong University, that houses one of the last remaining memorials to the victims of the bloody Chinese crackdown on protesters in Tiananmen Square in June 1989. The 26-foot-high Pillar of Shame by the Danish sculptor Jens Galschiøt was quietly removed from the campus. The statue shows 50 piled up bodies “with anguish-ridden faces”. It was erected within the Haking Wong Building inside university in 1997. The following day, Christmas Eve, when most stude

Grim days ahead for Chinese economy as growth rate to slump below 5 percent

20Dec

By News DeskNo Comments

Asia, Business, China

Grim days ahead for Chinese economy as growth rate to slump below 5 percent

China’s economy has received a big blow following the property crisis, industrial slump, weak consumption besides the fallout from Covid-19-led lockdowns. Now, now the outbreak of the Omicron variant of coronavirus besides and possible blacklisting of Chinese companies by the US spell further trouble for China. The GDP growth in 2022 is predicted to slump below 5 percent, taking China's economic growth rate to the 1990s level. Think tank China Finance 40 Forum, which has the deputy governor of People's Bank of China (PBOC) as a member, has expressed concerns over growth rate remaining below 5 percent in case domestic demand fails to improve. Global financial services group Nomura has cut economic growth for China in 2022 sharply-- 2.9 percent in the first quarter and 3.8 percent

Chinese fake experts uncovered by Facebook

12Dec

By Stuart WhiteNo Comments

Asia, Business, China, World

Chinese fake experts uncovered by Facebook

Meta Platforms, the company that owns Facebook, has deactivated over 500 accounts tied to a Chinese-based internet misinformation network. The accounts pushed the allegations of a fictitious Swiss scientist named "Wilson Edwards," who claimed the US was interfering with the search for Covid-19's origins. Chinese official media channels prominently covered Edwards' remarks. The Swiss embassy, on the other hand, stated that this individual was very unlikely to exist. The social media effort, which was aimed at English-speaking audiences in the United States and the United Kingdom, as well as Chinese-speaking audiences in Taiwan, Hong Kong, and Tibet, was "mostly ineffective," according to Meta's analysis. In July, a Facebook and Twitter account posing as a Swiss biologist called Wi...

Increase in COVID-19 cases disrupts the North Korea-China rail freight project

13Nov

By News DeskNo Comments

Asia, Business, China

Increase in COVID-19 cases disrupts the North Korea-China rail freight project

COVID-19 cases have surged in the border areas on North Korea and China because of which the rail freight connection has been disrupted. The move was taken just eight days after the two countries lifted an almost two-year-long trade cut-off. At the beginning of the coronavirus pandemic in Jan. 2020, Beijing and Pyongyang sealed off the 880-mile Sino-Korean border and suspended trade to prevent the virus from crossing the border into North Korea, reports Radio Free Asia. The move killed off much of North Korea’s nascent market economy that relied on the purchase and sale of Chinese imports, and the lack of imported food, fertilizer and equipment led to skyrocketing food prices, the news portal reported. The rail freight resumed between the two countries on Nov 1. The start o

Uyghur doctoral student arrested from Chinese University

30Oct

By Spost_adminNo Comments

Asia, Business, China, World

Uyghur doctoral student arrested from Chinese University

China is not stopping its atrocities on Uyghur people. China has arrested a doctoral student who is a student in Xinjiang region and has earned academic achievements. Abduqadirjan Rozi, a 35-year-old graduate management student at Sun Yat-sen University, won the 2015 National College Student English Competition in China and in 2018 was named the university’s student of the year and the 'Model Person of the Powerful New Generation', Radio Free Asia reported. He holds an advanced certificate in English from Cambridge International Business English and served as a judge for the Xinjiang division of the annual “21st Century Coca-Cola Cup” National English-Speaking competition, the news portal reported. He, however, disappeared from social media and then from his community in Ap

Shipping disrupted because of congestion on China-Mongolia port

29Oct

By News DeskNo Comments

Business, China, Opinion

Shipping disrupted because of congestion on China-Mongolia port

New Delhi: The working of the major shipping ports on the border of China and Magnolia are disrupted because of massive congestion. Mongolia mostly depends on its ports situated on the China-Mongolia border, particularly the Tianjin and Dalian ports as well as the Erenhort land port for conducting its national trade. Mongolia, which is bordered and landlocked by both China and Russia, relies exclusively on there Chinese ports for access to economic trade and supply with other countries. The extended and prolonged congestion, especially at the Tianjin port, has created a multitude of issues for Mongolia as currently 4,378 shipping containers are congested at Tianjin which further require expenditure in the form of container rental payments and storage fees, increasing costs for Mongo...

US visa rejection due to spying of technology

24Oct

By Spost_adminNo Comments

Business, China, World

US visa rejection due to spying of technology

Pushkar Sinha The US government has rejected the visas of over 500 Chinese students by enforcing a policy set up by the Donald Trump administration. This is another solid action taken by USA against China. The policy has been put in place to prevent Chinese students from stealing American technology and giving it to the Chinese military. Chinese spying had become rampant in the US in the past few years. Even those students, who were already enrolled in US universities, have found their visas have been taken away. Many Chinese students were hoping to go back to universities in America after attending classes at home in China. Students from various disciplines have been targeted out, especially STEM fields where Chinese spying is extensive. Hence, even those students who were enrol...

First all-civilian crew launched into Earth orbit aboard SpaceX Dragon

15Oct

By Desk TeamNo Comments

Business, World

First all-civilian crew launched into Earth orbit aboard SpaceX Dragon

First all-civilian crew launched into Earth orbit aboard SpaceX Dragon The Inspiration 4 civilian crew aboard a Crew Dragon capsule and SpaceX Falcon 9 rocket launches from Pad 39A at the Kennedy Space Center in Cape Canaveral, Florida.(Photo: Reuters) CAPE CANAVERAL, Florida: A SpaceX rocket ship blasted off from Florida on Wednesday carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to join him in the first all-civilian crew ever launched into Earth orbit. The quartet of amateur astronauts, led by the American founder and chief executive of financial services firm Shift4 Payments Inc, Jared Isaacman, lifted off just before sunset from the Kennedy Space Center in Cape Canaveral, and the spacecraft roared into the darkened skies. A SpaceX webca...

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