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  • News & article

    Year of Turbulence

    Asia focus, Published on 27/12/2021

    » Pandemic drags on recovery: In the early stages of the Covid-19 pandemic in 2020, many Asian countries had enviable success, avoiding large-scale outbreaks and mass deaths. But the arrival of the more transmissible Delta variant this year and sluggish vaccine rollouts compounded by low availability sent cases surging. Combined with poor monitoring and easy movement among countries, often unofficially, Southeast Asia became a virus hotspot. The ballooning health crisis collided with churning political discontent in the case of Myanmar, Thailand and Malaysia. Economically, the new wave of infections, and attendant restrictions imposed to curb the spread, stalled recoveries. After nearly two years of strict border controls, many countries started to loosen up and live with Covid. But the rise of the Omicron variant now threatens to scuttle those tentative reopening plans and usher in a third year of economic anxiety.

  • News & article

    Syria and Trump-Xi talks keep investors on sidelines

    Business, Published on 10/04/2017

    » Recap: Markets were rattled late last week after US cruise missiles struck a Syrian air base, while global investors moved to the sidelines pending the outcome of talks between US President Donald Trump and Chinese President Xi Jinping. Safe-haven assets such as the yen and gold soared and oil prices also surged. The formal promulgation of the country's 20th constitution, ensuring an election sometime late next year, helped keep the Thai stock market in a rangebound trade.

  • News & article

    Equity rally pauses as investors contemplate Fed

    Business, Published on 06/03/2017

    » Recap: Equity markets jumped last week in the US and are up 10% since the presidential election in November, as consumer confidence hit a 15-year high, further supporting the case for higher interest rates when the US Federal Reserve meets on March 14-15.

  • News & article

    Stocks gyrate as traders ponder life under Trump

    Business, Published on 14/11/2016

    » Recap: Global stock markets yo-yoed last week in response to Donald Trump's surprising US presidential election victory. US equities rose to record highs, led by financials, on expectations of lighter regulation and higher spending. But most markets elsewhere sank on concern that Mr Trump's stance against free trade and immigration could curb economic growth and increase geopolitical uncertainty. They also fear his spending plans will push up inflation, possibly triggering more aggressive rate increases by the Federal Reserve and prompting capital outflows from emerging markets.

  • News & article

    Myanmar immigration and personal income tax updates

    Business, Published on 01/03/2016

    » Political and economic reforms continue to take place in Myanmar, with more sanctions imposed during the former era of junta rule being lifted at an accelerated rate. This trend has been strengthened by the recent general election in which Aung San Suu Kyi's National League for Democracy won a landslide victory over the military-aligned Union Solidarity and Development Party.

  • News & article

    Gates Questions Musk's Goals for Twitter, Approach to Misinformation

    Business, Published on 06/05/2022

    » Bill Gates said that he isn't sure of Elon Musk's motives in buying Twitter Inc. and that social media must play a role in curbing the spread of misinformation.

  • News & article

    Myanmar personal income tax: What we've learned in the past 12 months

    Business, Published on 01/09/2015

    » Myanmar is a country in transition, with numerous political and economic reforms undertaken over the past five years. Although many new laws and regulations have been introduced, many more changes are expected, especially after the election scheduled for November.

  • News & article

    Facebook 'chooses profit over safety'

    Business, Published on 05/10/2021

    » The whistleblower who shared a trove of Facebook documents alleging the social media giant knew its products were fueling hate and harming children's mental health revealed her identity on Sunday in a televised interview, and accused the company of choosing "profit over safety."

  • News & article

    Pandemic Year 3: Old and new risks lie ahead

    Asia focus, Published on 23/11/2021

    » At the start of 2021, UOB's outlook for the regional economic recovery from the Covid-19 pandemic hinged on three things -- the wide availability of vaccines, aggressive fiscal stimulus and accommodative monetary policies.

  • News & article

    Hundreds of Companies, CEOs Band Together on Voting Access

    Business, Published on 16/04/2021

    » Hundreds of business leaders and companies, including Amazon.com Inc. and Netflix Inc., signed a new statement to "defend the right to vote and oppose any discriminatory legislation," the latest corporate response to a wave of Republican-led voting bills being advanced in dozens of states.

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