Thursday, September 21, 2017

Asia marks unhappy anniversary of financial crisis

This month marks the 20th anniversary of the Asian financial crisis – or, more precisely, of the event that triggered the crisis: the devaluation of Thailand’s baht. While such anniversaries are not exactly cause for celebration, they at least afford an opportunity to look back and examine what has changed – and, no less important, what hasn’t.

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When Trump met Putin, and how the Russian won the day

It was the meeting we’ve all been waiting for. US President Donald Trump and Russian President Vladimir Putin met on Friday during the G20 meeting in Hamburg, Germany.

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Why build financially inclusive economies?

The theme of last week’s G20 summit in Hamburg, Germany, was “shaping an interconnected world,” and when leaders got down to business, many of the highest-profile topics – climate change, counter-terrorism, trade – took center stage.

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The next phase of Middle East conflict

With the battles of Mosul and Raqqa dislodging the Islamic State (ISIS) from its strongholds in Syria and Iraq, and the Syrian civil war becoming a war of attrition, the Middle East’s most acute conflicts are evolving fast. But that doesn’t mean they will soon be resolved.

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Punish corruption, not migrants

What does it take to effectively regulate migrant labour? A tougher law? The Labour Ministry believes so. So does the military government. Hence the draconian decree on migrant labour management – and the subsequent red faces all around.

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Three major challenges AIIB must overcome

Moody's Investors Service gave the Asian Infrastructure Investment Bank its highest possible rating of Aaa, with a stable outlook, on June 29, because of “the strength of AIIB’s governance frameworks, including its policies on risk management, capital adequacy and liquidity”.

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Somali pirates are back, only a strong state can put an end to their activities

The Gulf of Aden has been vulnerable to piracy since 2008 when pirates escalated hijack and ransom attempts on merchant ships. Ransom demands skyrocketed to millions of dollars.

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After ISIS killings in Pakistan, China blames the victims

When two young Chinese nationals were abducted in broad daylight and brutally killed earlier in June in Pakistan, the Islamic State claimed responsibility.

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20 years after the Asian financial crisis: What have we learned?

This month marks 20 years since the Asian Financial Crisis. It’s appropriate to consider at this juncture why the crisis happened, and what we have learned about how countries can safeguard their economies from future shocks and deliver sustainable and inclusive growth.

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Ban heavy fuel oil in the Arctic

Thirty-five years ago, as part of a global expedition, Charles Burton and I traveled across the Arctic Ocean via the North Pole, camping for three months on a fast-moving ice floe. It was, for us, a journey that defined our lives, and formed one leg of an enduring world record.

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