BY 2035, says Brett King, robots will outnumber humans. And today’s robot is different. Rather than being programmed, it operates on artificial intelligence.
The move by a new U.S. President to rewrite the punitive Dodd Frank legislation is needed, says former IIF Managing Director, Charles Dallara. Compliance costs for financial institutions are, in many cases, “virtually unmanageable” . . .
On the issue of trade with China, President Trump will need to be careful – and so will the Chinese stewardship, says Charles Dallara . . .
TRADE is one big area that could cause great damage to both the U.S. and global economies if not well-managed by the new U.S. Adminisration, says Charles Dallara.
Pointing to what has already transpired, such as the axing of the U.S.-led Trans Pacific Partnership (TPP), Dallara believes Trump may yet revise some of his earlier ideas on trade agreements.
“President Trump needs to be especially careful,” he warns.
BREAKING the ice. U.S. President Donald Trump describes his first phone call with China’s President Xi as a “very, very good conversation”, and that they are in the process of ‘getting along very well” . . .
HONG KONG – Hong Kong and Shenzhen are to jointly develop a 97-acre site at Lok Ma Chau, on the Hong Kong-China border, into an innovation and technology park focussing on robotics, biopharmaceuticals, smart cities and fintech.
POLITICAL risks in emerging countries are higher than ever, driven by social discontent and heightened security concerns, says credit insurer Coface, in as assessment of the outlook for 2017 . . .
THE Chinese Government implemented new restrictions on outbound investments and further tightened capital outflow from China at the end of 2016 and seems likely to formalise these . .
FROM self-drive cars to fintech and so much in-between, including biomed, data storage and robotics, Singapore has set the pace in the testing and commercialising of new technologies . . .
VICTOR FUNG, one of Asia's best-known internationalists, says the economy has stopped responding to monetary stimulus, and that it is time to go back to fundamentals to stimulate manufacturing and cross-border trade. Expanded aggregate demand has to come from the developing economies . . .
THE CHALLENGE is for India to meet massive unmet needs for basic services – water, sanitation, energy, healthcare — and to address the red tape that makes it hard to do business . . .
AMONG professional economists, Pippa Malmgren is a visionary outlier. Her stated tactic is to shift the language of economics from maths to plain English, because she says, people are afraid of economics . . .
THE prospect of exponential growth in e-commerce in Indonesia has seen a huge influx of capital from private equity groups and large
established companies . . .
IN today’s market, big data can forecast probable demand before orders come in, and traders can make smaller and smaller runs to serve niche markets – in retail parlance, the ‘long tail’. The supply chain has become more complex and nuanced, and local 3D manufacturing will come into its own as individual markets become smaller . . .
CHINA is rolling out a US$630 billion infrastructure budget over three years. Japan has just committed US$61 billion to tourism infrastructure. The Philippines, Indonesia, Thailand and Singapore and Vietnam are committing to mega-projects. India is to lift infrastructure spending by 23%. In the US, both Presidential candidates are pledging hundreds of billions of dollars to infrastructure. Old-fashioned pump-priming is seen as the new economic panacea . . .
WHERE NOW for Hong Kong? China is willing to help when it comes to Hong Kong’s economy, but there is a direct link, says business, between economic growth and basic rights, freedoms and rule of law. Take these away and Hong Kong becomes just another Chinese city . . .