Summit set to bolster BRICS cooperation
The summit of the grouping has given rise to high expectations, as it will be the first summit to be hosted in person since the emergence of the Covid-19 pandemic.
Geopolitics
South Korea speaks out with US, Japan vs Chinese aggression
An analyst called Seoul’s move a departure from its passive stand on Indo-Pacific issues, and its intention to be more vocal as a “responsible stakeholder” in the region.
A third of global GDP covered by Korea-US-Japan partnership
As part of the partnership, the three nations agreed to launch pilot programs for early warning systems about supply chain disruptions.
Indonesia, EU trade barbs over biodiesel import duties
The EU is Indonesia's third-largest destination for palm oil products and an important market for its biodiesel, which is made from palm oil.
Asean countries to begin talks on $2.7 trillion digital economy pact by end-2023
Negotiations are expected to be officially launched at the 23rd Asean Economic Community council meeting, and officially acknowledged in September.
Experts call for renewal of sci-tech pact with China
Many scientists have warned that cutting ties with China would risk slowing US research progress, especially in areas such as biotechnology, clean energy and telecommunications.
Korea’s economic recovery falters as China’s deflation looms
Despite efforts to derisk from China’s geopolitical volatility, the nation still remains Korea’s biggest trade partner.
Taiwan may be in breach of WTO rules: Beijing
Products involved in the investigation have expanded to 2,509 items so far, while when the investigation was first launched, the corresponding figure was 2,455.
Indonesia, Singapore debut linked cross-border QR payment system
Indonesia implemented a similar plan with Thailand in August of last year, followed by Malaysia this May.
India may import wheat from Russia at discount
The imports would allow New Delhi to intervene more effectively in the market to drive down wheat prices that stoked inflation to a 15-month high in July.