Tourism
After almost 10 years and 3 administrations, the controversial HSR (high speed rail) project linking Kuala Lumpur (KL), the capital of Malaysia, and Singapore is officially cancelled. Both countries had on January 1, 2021 announced that the KL-Singapore HSR project was terminated after Malaysian Prime Minister Muhyiddin Yassin chose to let the agreement lapse on Dec […]
... written on Jan 03 2021Australia was hoping that by signing the China-backed Regional Comprehensive Economic Partnership (RCEP) deal on Sunday, it will automatically fix, or at least improve the country’s strained relations with China. If only it was so easy. It would take more than an insignificant deal like RCEP, of which the direct economic benefits are limited, to […]
... written on Nov 19 2020Australia’s economy, already plunged into recession in September – its first recession in 30 years since 1991 – continues to register bad news. And it has nothing to do with Covid-19 pandemic. Rather, it’s a self-inflicted economic backlash after Canberra deliberately campaigned for an international inquiry into the origins of the Coronavirus in April which […]
... written on Nov 04 2020Crude oil prices dropped below zero for the first time in history on April 20, 2020. Many were scratching their head in disbelief as the U.S. oil prices turned negative. Others were amused as they watched the deepest fall in demand for the “black gold” in 25 years. It’s not everyday you get to watch crude […]
... written on Nov 02 2020Two people were killed and five others injured in a stabbing attack on Saturday night in Quebec City, Canada. Police spokesperson Étienne Doyon said the 5 injured victims were transported to local hospitals with different levels of injury. However, Doyon refused to reveal the motive of the attacks, whether the attacks were random or identify the […]
... written on Nov 01 2020The IMF has painted a gloomier picture for Asia. On Wednesday (Oct 21), the International Monetary Fund revealed Asia’s economic contraction this year will be worse than previously thought. In its latest Regional Economic Outlook report for Asia and Pacific, the IMF predicts the region’s economy to shrink by 2.2%, worse than an earlier 1.6% contraction […]
... written on Oct 22 2020Australia’s economy officially plunged into recession in September after it registered two consecutive quarters of negative growth. Its GDP (gross domestic product) shrank 7% in the April-to-June quarter compared to the previous three months. Not only this is Australia’s first recession in nearly 30 years (since 1991), but also the deepest since the Great Depression […]
... written on Oct 17 2020No one is spared from the notorious Coronavirus. As the world still struggles to contain the pandemic, the ultimate trail of destruction to be left by the virus is unimaginable. The World Bank has a rough idea. According to its economic update on Monday, the international financial institution said that Asia is projected to grow by […]
... written on Sep 29 2020Travelling is one of life’s greatest pleasures. Almost nothing could ever top going to the places that you want and enjoying life there. It can be quite expensive depending on where you are going but it is something that people want to do. For the most part, most would enjoy almost any kind of traveling […]
... written on Aug 08 2020After a short period of celebration, Hong Kong is back to square one. Cinemas are closing their doors again from July 15. Dining at restaurants will be unavailable from 6pm to 5am every day. Mask-wearing is now mandatory on public transport at all times. Group gatherings have been reduced from 50 people to just 4 […]
... written on Jul 22 2020
