By Alfred Romann China’s auto market offers a great case study for much of what is happening with China’s economy. Like much of China’s broader economy, the market is slowing. Sales have been dropping steadily for the last few months. In fact, total vehicle sales fell 10.1 percent year-on-year in October and 0.9 percent month-on-month.
By Alfred Romann Cryptocurrencies continue to fuel debate among regulators and users. The total value market capitalization of cryptocurrencies as of Oct. 28 was almost US$210 billion. Take out Bitcoin, the grandmother of crypto, and that drops to US$97 billion. The current market cap of cryptocurrencies is down to about a third of the peaks hit in January.
By Chermaine Lee Imagine this: if your beloved one was diagnosed of a fatal cancer, dealing with heartbreaks aside, you had to start borrowing money for the treatment. Taking a few more part-time jobs was barely enough to pay for the expensive drugs, not to mention the ever-growing debts.
By Alfred Romann The backlash against global trade and the resurgence of protectionism is increasingly evident, mostly out of the U.S. This push flies in the face of decades of increasingly fluent globalization.
Looking to the future This year’s BOAO Forum for Asia (BFA) has a theme of Asia’s New Future: New Dynamics, New Vision. This time, the 17th annual gathering of leaders and industry professionals in Asia covers areas such as inclusive finance, disruptions of traditional business and economic models, new banking practices, regional cooperation and growing
Australia’s life science sector outperforms in research… falls short on commercialisation. It is no surprise that the life science sector including pharmaceutical, medical devices etc. is one of the hottest investment destinations. Last month, Australian investment company Brandon Capital closed the largest life science fund to date in Australia after raising A$200 million (US$155 million). The fund is set
While many see Hong Kong as ideally positioned to become a global hub for digital currencies and internet finance, the road forward seems far from clear. There’s no doubt Hong Kong is one of the world’s financial centres. But when it comes to crypto currencies, will Hong Kong still be in a leading position? Bitcoin,
A long-awaited set of guidelines for a billion-dollar market. After years of waiting, Chinese biosimilar makers will soon have a set of guidelines to follow. This post on Thomson Reuters Life Sciences Connect news blog (HERE) outlines the industry’s reaction to the draft biosimilar guidelines.
Looking ahead, inflation is, however, expected to remain above its long-run average. — Bank Negara Malaysia Malaysia’s central bank welcomed Ramadan fasts and celebrations through July and August by raising the country’s interest rate for the first time in three years. As many economists expected, Bank Negara Malaysia (BNM) announced after a routine meeting at