Politics

US executive orders a threat to investors
SINGAPORE (May 27): How can you destroy a strong industry competitor in three easy steps? US President Donald Trump’s most recent executive order in relation to Huawei Technologies has shown the process, and investors need to be worried, very worried. This decision affects companies all the way along the supply chain, with adverse investment impact on companies which, at first sight, seem far ...
Is Trump's trade war with China a civilisational conflict?
SINGAPORE (May 20): Late last month, at a security forum in Washington, DC, Kiron Skinner, director of policy planning for the US Department of State, described today’s US-China conflict as “a fight with a really different civilisation and a different ideology, and the United States hasn’t had that before”. As a trial balloon, this apparent attempt to define US President Donald Trump ...
Trump has poor grasp of how the Chinese approach deal-making
SINGAPORE (May 20): The Chinese are not alone in not understanding the vagaries of US President Donald Trump, but they do have a unique appreciation of his contribution to the Chinese economy. On the sidelines of a Belt and Road Initiative conference I spoke at, it was suggested that the two greatest contributors to China’s opening-up were Deng Xiaoping and Trump. It was said only partly in ...
What went on behind the passing of Singapore's new fake news law
SINGAPORE (May 10): After the longest Parliament sitting in Singa­pore to debate legislation, the city state passed a law that gives portfolio ministers — part of the group of political office holders in Singapore — the power to decide what amounts to news that is false and against the public interest, and order that it be either corrected or taken down. The Protection from Online ...
May backs Brexit delay after Parliament vetoes no-deal divorce
LONDON (Mar 14): Britain’s Parliament voted to avoid an economically disastrous no-deal split from the European Union, opening the door to delaying Brexit and radically re-writing the terms of the divorce. The pound climbed to its highest level since June. On another chaotic day in London, Theresa May suffered a major rebellion from her own Conservatives, lost two big votes, saw a minister ...
Trump sees no Xi summit by tariff date, stoking trade worry
WASHINGTON (Feb 8): President Donald Trump said he won’t meet Chinese President Xi Jinping before a March 1 deadline to avert higher US tariffs on Chinese goods, intensifying fears the two won’t strike a deal before the end of a 90-day truce. Trump responded “No” and shook his head Thursday when reporters at the White House asked him if he would meet with Xi this month. Then he added, ...
May wins confidence vote and opens cross-party Brexit talks
LONDON (Jan 17): UK leader Theresa May survived an attempt to oust her government and immediately opened talks with rival political parties in an attempt to break the Brexit deadlock, as time runs out to reach a deal. The prime minister fought off the threat of a national election and won the right to continue running the country when the House of Commons voted 325 to 306 against a motion of ...
May loses Brexit vote in landslide, faces confidence vote
LONDON (Jan 16): Prime Minister Theresa May’s Brexit deal was rejected by Parliament in a humiliating defeat, her plan for leaving the European Union all but dead. She now faces a confidence vote in her government. The House of Commons voted 432- 202 against the divorce she painstakingly brokered with the EU over 18 months. The largest parliamentary loss in over a century not only prompted ...
Trump calls meeting with lawmakers, suggests he's open to a deal
WASHINGTON (Jan 2): President Donald Trump invited the top congressional leaders from both parties to a White House briefing on border security Wednesday and suggested he wants to “make a deal” to end the government shutdown. It’s the first sign of a possible opening for negotiations to break the stalemate that’s had parts of the government shut for 11 days. Congressional aides said ...
US-China trade talks to take place Beijing in early Jan
WASHINGTON (Dec 27): A US government delegation will travel to Beijing in the week of Jan. 7 to hold trade talks with Chinese officials, two people familiar with the matter said. Deputy US Trade Representative Jeffrey Gerrish will lead the Trump administration’s team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke ...