Brexit

Veteran diplomat talks about trade war, complexity, Asean and more

SINGAPORE (Aug 16): Retired diplomat Bilahari Kausikan gave a wide-ranging talk on Indo-Pacific concept on Friday morning at the Iseas-Yusof Ishak Institute. The veteran diplomat, known for his candid remarks including calling violent Hong Kong protestors “morons”, gave his views on fatalism, Asean, the trade war and more. Here are some of his remarks.

On an increasingly complex world, binary thoughts, and fatalism...

China's changing trade and market opportunities

(Aug 5): China’s economic growth slowed to 6.2% in the second quarter, making it the weakest pace in 27 years. The weakness has been exacerbated by trade and tariff wars, but it also reflects a long-term underlying economic slowdown. Inevitably, growth will slow further as economic development continues, so the challenge is to constantly examine the drivers and quality of growth. 

Global investor risk appetite wanes amid supply chain disruption, Brexit uncertainties: State Street

SINGAPORE (Aug 1): Investors across North America, Europe and Asia Pacific are showing a waning appetite for risk, according to State Street Corporation’s Investor Confidence Index (ICI) for July.

Global ICI fell 2.4 points to 84.9 in July, compared to June’s revised reading of 87.3.

The index measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.

China’s changing trade and market opportunities

(Aug 5): China’s economic growth slowed to 6.2% in the second quarter, making it the weakest pace in 27 years. The weakness has been exacerbated by trade and tariff wars, but it also reflects a long-term underlying economic slowdown. Inevitably, growth will slow further as economic development continues, so the challenge is to constantly examine the drivers and quality of growth. 

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Singapore among 5 countries to be stripped of some EU market access rights this week: FT

SINGAPORE (July 29): The European Commission will strip Singapore and four other countries of some market access rights this week, according to a Financial Times report citing a document.

The European Commission will deem that Singapore, Canada, Brazil, Argentina and Australia no longer regulate credit rating agencies as rigorously as the European Union – thereby removing a status that makes it possible for European banks to rely on those rating.

99-day Brexit countdown begins

SINGAPORE (July 29): New UK Prime Minister Boris Johnson has overhauled the Cabinet on the same day he officially took over from predecessor Theresa May. Fifteen of May’s senior ministers were fired or resigned. Those who have left include Jeremy Hunt, who was until Tuesday the foreign secretary, and who was running against Johnson to be the leader of the Conservative Party.

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The crisis of Anglo-American democracy

NEW YORK (July 26): How did the world’s two most venerable and influential democracies – the United Kingdom and the United States – end up with Donald Trump and Boris Johnson at the helm? Trump is not wrong to call Johnson the “Britain Trump” (sic). Nor is this merely a matter of similar personalities or styles: it is also a reflection of glaring flaws in the political institutions that enabled such men to win power.

All eyes on Boris Johnson's Halloween deadline for Brexit

SINGAPORE (July 24): Boris Johnson has won the race to be the next British prime minister. But with the incoming prime minister having just 100 days to negotiate a new Brexit deal with the European Union before the end of October, Johnson now faces a race against time.

Even as potential horrors loom with the Halloween deadline, all eyes will now be on how Johnson behaves his first few weeks in office.

Observers say Brexit negotiations could hinge on whether Johnson sticks to his hitherto hardline stance on Brexit or adopts a softer approach.

Boris Johnson wins race to be next British prime minister

(July 23): Boris Johnson, the public face of the Brexit campaign, won the contest to succeed Theresa May as British prime minister, taking over a country in crisis and a government on the brink of breaking apart.

After a six-week leadership race, which he led from the start, 55-year-old Johnson defeated his rival Foreign Secretary Jeremy Hunt by a landslide in a ballot of the Conservative Party’s roughly 160,000 members.

Temasek portfolio value rises as unlisted assets outperform

SINGAPORE (July 9): Temasek Holdings held onto gains in its portfolio amid global trade uncertainties after selling $28 billion of holdings as US equity markets hit record highs and its unlisted assets outperformed.

The Singapore state investor’s net portfolio value rose 1.6% to $313 billion in the 12 months ended March 31. In US dollar terms, the portfolio value fell by 1.7%. One-year total shareholder return for the period was 1.49%, while three-year TSR came in at 8.88% in Singapore dollar terms.

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