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April 14, 2021

Asia Economy

Maldives to offer holidaymakers vaccines on arrival in a push to revive tourism

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CNBC – For more and to sign up click here Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister. The “3V” strategy, which encourages tourists to “visit, vaccinate, and vacation,” will......

Grab’s not yet profitable, but investors may give it ‘leeway’ to invest in new growth areas, analysts say

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CNBC – For more and to sign up click here SINGAPORE — Investors will be keeping a close eye on when Grab will turn profitable after its record-breaking SPAC listing, according to Tom White, senior research analyst at D.A. Davidson. “There’s obviously a growing scrutiny from investors about a path......

International travel is getting easier — except for the unvaccinated

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CNBC – For more and to sign up click here Traveling abroad is getting less complicated for vaccinated travelers.   A growing list of countries is reducing or eliminating quarantine and Covid-19 testing requirements for those who have been fully vaccinated, while keeping restrictions in place for those who haven’t.......

Singapore’s economy grew 0.2% on-year in the first quarter of 2021, beating expectations

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CNBC – For more and to sign up click here A man with a mask on taking a walk at Marina Bay Sands in Singapore’s central business district seen in the background on April 1, 2020. Suhaimi Abdullah | Getty Images SINGAPORE — Singapore’s economy unexpectedly grew 0.2% in the......

Tough road ahead for U.S. firms trying to cut reliance on Taiwan chipmakers

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CNBC – For more and to sign up click here Taiwanese chipmakers are ahead of their international rivals and it will be tough for U.S. tech companies to reduce their reliance on Taiwan, said Sebastian Hou from CLSA. Tech firms like Apple, Amazon, Google as well as Qualcomm, NVIDIA and......

Exports shielded China’s economy in 2020, but they won’t drive as much growth this year

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CNBC – For more and to sign up click here Containers and trucks at the port of Qingdao, China on February 14, 2019. Reuters BEIJING — China’s economy was buoyed by strong exports last year, but that boost is waning. The country’s customs agency said Tuesday that in dollar terms,......

China says exports jumped 30.6% in March from a year ago, missing expectations

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CNBC – For more and to sign up click here A Chinese flag flies on a vessel moving past shipping containers being unloaded at a Tianjin Port Group Co. dock in Tianjin, China. Nelson Ching | Bloomberg | Getty Images China on Tuesday said its exports for March jumped 30.6%......

Biden meets today with executives on chip shortage as U.S. auto industry feels the pain

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CNBC – For more and to sign up click here General Motors employees work on the assembly line at Fairfax Assembly & Stamping Plant in Kansas City, Kansas. Jim Barcus for General Motors Clarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his......

India overtakes Brazil to become the second-worst hit country as Covid cases soar

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CNBC – For more and to sign up click here A beneficiary receives a dose of Covid-19 vaccine, at HB Kanwatia Hospital in Jaipur, Rajasthan, India, on April 11, 2021. Vishal Bhatnagar | NurPhoto | Getty Images India overtook Brazil as the second worst-infected country behind the United States after......

Middle East investor seeks U.S. opportunities as Biden pushes infrastructure plan

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CNBC – For more and to sign up click here Cranes for unloading shipping containers stand at the Port of Los Angeles in San Pedro, California. Patrick T. Fallon | Bloomberg | Getty Images Investcorp, a Bahrain-based investment company, is looking for opportunities to invest in U.S. roads and ports......

How Asia came to dominate chipmaking and what the U.S. wants to do about it

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CNBC – For more and to sign up click here A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images GUANGZHOU, China — If you talk about chipmaking, two companies usually spring to mind — Taiwan’s TSMC and South......

China slaps Alibaba with $2.8 billion fine in anti-monopoly probe

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CNBC – For more and to sign up click here Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images Chinese regulators hit Alibaba with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech......

Britain’s Prince Philip dies at age 99

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CNBC – For more and to sign up click here Prince Philip, Duke of Edinburgh, in 2015. Matt Dunham | WPA Pool | Getty Images LONDON — Prince Philip, the Greece-born royal who as the husband of Queen Elizabeth II was the longest-serving consort to a British sovereign, died Friday.......

Singapore’s leadership succession is in disarray. Here’s who could be the next prime minister

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CNBC – For more and to sign up click here SINGAPORE — Singapore’s carefully planned leadership succession has been thrown into disarray. Political observers say it’s now not clear who would become the Asian financial hub’s next prime minister.   Deputy Prime Minister Heng Swee Keat shocked the nation late......

Fake news on social media is hampering vaccine efforts in Papua New Guinea

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CNBC – For more and to sign up click here A health worker prepares to do tests for Covid-19 coronavirus outside a makeshift clinic in a sports stadium in Port Moresby on April 1, 2021. Gorethy Kenneth | AFP | Getty Images Misinformation on social media is hindering Papua New......

Ahead of the Olympics, Japan’s vaccine minister says he fears a virus uptick in Tokyo

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CNBC – For more and to sign up click here Japan is working closely with the International Olympic Committee to prepare for the Games and despite concerns about Covid-19 cases flaring, there are no plans to postpone, said Japan’s minister in charge of vaccinations. “Unless they decide otherwise, we just......

Hong Kong people are ‘distressed’ and ‘disillusioned,’ says pro-democracy ex-lawmaker

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CNBC – For more and to sign up click here A former pro-democracy lawmaker in Hong Kong says people there have become “distressed” and “disillusioned” as some fear the city has lost important freedoms. Widespread pro-democracy protests that rocked Hong Kong in 2019 have largely subsided, in part due to......

This analyst says Tesla’s stock is worth $150 — which would be a 78% discount

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CNBC – For more and to sign up click here A Tesla logo is pictured during the Brussels Motor Show on January 9, 2020 in Brussels . Kenzo Tribouillard | AFP | Getty Images Tesla’s stock is overvalued and worth only $150, according to Craig Irwin, senior research analyst at......

Kevin O’Leary calls for ‘extremely aggressive’ steps to level the playing field with China

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CNBC – For more and to sign up click here Kevin O’Leary Scott Mlyn | CNBC Acknowledging that he’s a “bit of a hawk” toward China, Kevin O’Leary on Monday called for “extremely aggressive” steps to level the economic playing field between the United States and China. The chairman of......

China’s ‘laissez-faire’ approach toward Myanmar’s coup puts its own interests at risk, says analyst

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CNBC – For more and to sign up click here Anti-coup protesters hold placards as they protest against the military coup Saturday, February 20, 2021, in Yangon, Myanmar. Anadolu Agency | Getty Images China’s “laissez-faire” approach toward Myanmar’s military coup could hurt the Asian giant’s strategic and economic interests in......

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