ASEAN, comprising Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam, has become an increasingly vital partner for Korea in recent years.
Over the past 15 years, Europe’s trade frameworks have faltered, integration has stalled, and a number of its core political and economic ideas have failed under real-world pressure.
Even as Taiwan is described as potentially the most dangerous flashpoint in Asia, it is actually the fulcrum upon which the future of the Indo-Pacific — and by extension the global balance of power — may pivot.
The oil market has entered choppy waters once again. Crude prices fell by a dramatic 18% in April y/y – the sharpest monthly drop since November 2021 – partly due to a global slowdown, but more due to a power struggle within OPEC+.
Meeting on the sidelines of the recent Asian Development Bank’s annual gathering in Milan, Italy, the officials reiterated their support for a rules-based, free and fair multilateral trading system.
The US intimidates certain countries. But America is just a paper tiger. Don’t believe its bluff. One poke and it’ll burst!
Maintaining a complex balance between profit, geopolitical alignment and risk management, the presence of Asian nations in Russia reveals a divergence between Western corporate exodus and Eastern mercantile strategy.
President Xi made no mention of long-standing territorial issues with China’s closest neighbours including Japan, South Korea and the self-governing country long claimed as an integral part of China by Beijing: Taiwan.
When the US administration under President Donald Trump announced sweeping import tariffs on ASEAN nations, it triggered an immediate ripple across Southeast Asia’s export-dependent economies.