Trade
Economy, COVID-19 pandemic resurgence, Industry trends
Disruptions in key shipping routes signal unprecedented challenges for global trade
According to The UN Conference on Trade and Development (UNCTAD)’s new report, attacks on Red Sea shipping have severely affected shipping through the Suez Canal,
Global gas demand set for stronger growth in 2024, says new report
Growth in global gas demand is set to pick up this year due to colder winter temperatures and easing prices, with emerging economies leading the
Global coal demand expected to decline in coming years, finds new report
The latest International Energy Agency (IEA) market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a
Filipinos oppose foreign ownership of vital industries
Currently, politicians and their allies are trying to amend the Philippine constitution to allow 100 percent foreign ownership of and
Philippines adopts new 10-year plan to develop maritime industry
Seafarers’ rights advocates are now busy going through the 10-year Maritime Industry Development Plan 2028 (MIDP), which was recently approved
Vietnam, World Economic Forum open Centre for Fourth Industrial Revolution
The World Economic Forum and the People’s Committee of Ho Chi Minh City will establish a Centre for the Fourth
Logistics execs wary of over-reliance on China, recession
According to the 2024 Agility Emerging Markets Logistics Index, global logistics executives, still worried about recession, say they are battling
More economic uncertainty on horizon, say economists
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released January 15, as the global economy continues to
Novel technology set to radically improve global trade, finds new report
The societal, political, commercial and environmental requirements of future trade demand transformative technology solutions. Novel technologies are being deployed for supply chain management, logistics infrastructure
Singapore maritime industry: Cautious optimism for 2024
Chee Hong Tat, Minister for Transport, announced a record year in 2023 for Maritime Singapore at the Singapore Maritime Foundation (SMF) New Year Conversations event
Malaysia oil and gas industry: Guide to offshore vessels, facilities and law
Philip Teoh, the author, would like to thank his colleague Lee Jie Zing for this collaborative article. Since the year 1974, Malaysia has yielded approximately nine billion
2024 logistics outlook: Balancing demand, sustainability, resilience
Optimism on the rise as more think 2024 will be better, says survey
2023 a bad year for Singapore, according to survey
Leading by example: A steady hand in challenging times
Global economic growth slows to 2% in 2024, according to new report
Vietnam warehouse sector sees opportunity amid challenges
Bringing new vision to shape Malaysia’s maritime policies
Israeli-Hamas war presents wider risks to international trade
Hamas militants’ surprise attack of Israel on October 7 killed more than 1,200 people and they took more than 200 hostages back to Gaza. Israel’s
Vietnam sees resurgence in demand for real estate
The real estate market showed signs of recovery at the beginning of the third quarter of 2023. There has been a notable revival in demand
Foreign investors bite bullet, leave China
On August 30, U.S. Commerce Secretary Gina Raimondo cautioned Chinese leaders that U.S. businesses might stop investing in China if Beijing does not “act to
APEC warns of rising trade restrictive measures
Commercial trade in the APEC region recovered to US$4.9 trillion in 2022, albeit lower than the projected value of US$5.4 trillion in 2022 had there
World Bank calls for blue transformation of Pacific maritime transport
A new report from the World Bank has called for a ‘Blue Transformation’ of the Pacific maritime transport sector. This transformation would promote economic growth,
Asian LNG buyers face volatile market until 2026
Price and supply concerns still abound until market rebalance in second half of decade. Asian liquefied natural gas (LNG) buyers are navigating a near-term market
China’s economy is crumbling but Xi still focuses on political control
China’s economic engine seems to be sputtering to a halt, unlike the more optimistic point of view that many mainstream media outlets took at the
Global upheavals in next six months due to geopolitical tensions, say chief risk officers
With the world facing growing economic instability and political tensions, volatility in geo-economic and geopolitical relations between major economies are likely to result in global
Singapore’s maritime industry thrives on digitization, decarbonization, talent
World Bank approves US$18 million to support Marshall Islands’ fisheries sector
Economists divided on global economic recovery, expect rebound in Asia
23 percent of jobs expected to change in next five years, says new report
WTO, World Bank, WEF help developing economies leverage trade to meet climate goals
Philippines probes Chinese cyanide fishing in disputed South China Sea waters
The Philippine government is currently investigating claims made by Filipino fishermen that foreign fishers were using cyanide to fish in
Ship owners face criminal charges for massive Philippine oil spill
On February 28, 2023, the oil tanker M/T Princess Empress, carrying 800,000 liters of industrial fuel oil, sank in Oriental
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