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Pacific Money
The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.
The Importance of the EU-Philippines Trade Deal
By Sophia Ordoña and Jonas Nitschke
The renewed interest from the EU underscores a positive shift under the new administration of President Ferdinand Marcos Jr.
Myanmar Economy to Shrink Further in 2025, World Bank Says
By Sebastian Strangio
Myanmar’s GDP is expected to contract by 1 percent in the fiscal year ending March 2025, a downward revision from the previous projection of modest growth.
The Taxman Cometh in Southeast Asia
By James Guild
In the aftermath of the COVID-19 pandemic, many governments in the region are attempting to get deficits and public debt levels back under control.
Asia-Pacific Leads World in Crypto Adoption Amid Bitcoin’s $100,000 Rally
By Dmytro Spilka
Bitcoin’s surge helped uncover Asia’s sky-high enthusiasm for crypto adoption and development.
Vietnam-UAE’s CEPA: A Strategic Gateway Between ASEAN and the Gulf
By Rich McClellan and Alex George
The new economic partnership agreement continues a trend of marked outreach from the UAE to Southeast Asia.
German Carmakers Are Placing a Risky Bet on China
By Alexander Brown and Andreas Mischer
Volkswagen, BMW, and Mercedes-Benz have announced further investments in a market that has changed rapidly to their disadvantage.
BRICS Currency May Not Upstage the US Dollar Anytime Soon
By Tridivesh Singh Maini
BRICS states’ de-dollarization efforts are unlikely to beat the greenback’s continuing preference globally.
Vietnam Signs Agreement with Nvidia to Establish AI Research and Data Centers
By Sebastian Strangio
Last year, Nvidia CEO Jensen Huang said that he wanted to make Vietnam the AI chipmaker's "second home."
Apple Plans to Invest $1 Billion in Indonesian Manufacturing Plant, Minister Says
By Sebastian Strangio
The investment, which has not yet been made official, would help Apple fulfill local content rules that have prevented it from selling its latest iPhone in the country.
The End of Japan’s Hydrogen Rush in Australia?
By Daisuke Akimoto
Facing bureaucratic hurdles and questionable profits, some major Japanese companies are withdrawing from their hydrogen partnerships in Australia.
What’s the Deal with COP29?
By James Guild
The annual Conference of the Parties offers nations and funders to make splashy climate announcements. Translating these into concrete action is another matter.
US Announces Fresh Round of Duties on Solar Imports From Southeast Asia
By Sebastian Strangio
The Commerce Department says that Chinese firms based in Vietnam, Cambodia, Thailand, and Malaysia are flooding the U.S. market with artificially cheap solar panels.
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