China 

Why soaring pork prices are a touchy problem for China’s leaders

For the Chinese people, eating meat (which usually refers to pork) is not only an essential part of their daily diet, but also a time-honoured symbol of living the good life.Back in the Mao Zedong era of the planned economy, in which almost every daily necessity was strictly rationed, the coupon for the monthly allocation of half or one kilogram of pork was among the most prized for city folks. In some poor areas, having a hearty pork meal was a luxury reserved only for special occasions such… Source link

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Social unrest won’t stop Hong Kong playing a key role in China’s belt and road strategy, say business leaders

Allan Zeman (second left), chairman of Lan Kwai Fong Group, Witman Hung (second right), principal liaison officer for Hong Kong at the Shenzhen Qianhai Authority and Tony Verb (right), co-founder and partner at GreaterBay Venture & Advisors, take part in a panel discussion titled ‘The competition conundrum’, at the South China Morning Post’s China Conference, on Wednesday. Photo: May Tse Source link

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Hong Kong needs a risk-taking culture to foster innovation, tech leaders urge

Hong Kong’s risk-averse attitude must change to foster more successful hi-tech entrepreneurs and start-ups, local industry leaders urged, as the city struggles to build its own innovation and technology ecosystem that could rival those of other major cities in Asia.A risk-taking culture needs to take root in the city, which would help young entrepreneurs expand their horizons and not be afraid to fail, as they sharpen their efforts to develop new businesses in the hi-tech field, according to… Source link

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6 business leaders reveal how companies can grow with – or without – outside funds

When Chilean Arturo Sims moved to Hong Kong, he set a five-year goal to start his own hospitality business that drew on his international experience as a chef in Michelin-starred restaurants.He is now managing director of Vantage Hospitality Consultants, which provides training, operations and guest experience services to hotels and fine dining restaurants.At the beginning, I said ‘I need to run my business in a way that doesn’t have any overhead expenses because I can’t pay salaries right now’… Source link

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Singapore 

Leaders from neighbouring countries join NDP celebrations, Singapore News

The leaders of Brunei, Indonesia and Malaysia yesterday attended the bicentennial edition of the National Day Parade (NDP) at the Padang. Brunei Sultan Hassanal Bolkiah, Indonesian President Joko Widodo and Malaysian Prime Minister Mahathir Mohamad, and their spouses, were seated among Singapore’s leaders in the VIP stand. They were in Singapore at the invitation of Prime Minister Lee Hsien Loong to attend the Parade, the Ministry of Foreign Affairs (MFA) said in a statement yesterday. Before the Parade, the foreign leaders met PM Lee and Mrs Lee at the National…

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With globalisation under threat, G20 leaders must consider three factors to prevent the summit from becoming Groundhog Day

Will the latest G20 meeting in Japan turn out to be just another Groundhog Day with the same old platitudes by the same old elites? To prevent this, leaders must consider three factors during their meetings.First, the potential for and occurrence of deglobalisation, and its echoes in history. There have been several earlier “waves” of globalisation, including a succession of empires, the opening up of sea routes and the famed Silk Road.While Immanuel Wallerstein’s “world systems theory” argues… Source link

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Singapore 

Govt to partner Singaporeans in new ways to design policies together, says Heng Swee Keat in setting out 4G leaders’ plans, Singapore News

SINGAPORE – Deputy Prime Minister Heng Swee Keat has set out how his generation of leaders plans to take Singapore forward, saying the Government will partner Singaporeans in new ways to design and implement policies together. Beyond doing so, the Government will work with Singaporeans to create a shared future where everyone will have a part to play, he said on Saturday (June 15) at a dialogue on building the country’s future together. With Singapore in the midst of a leadership transition, Mr Heng – the leader of the ruling…

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Who controls Huawei? Chinese telecoms leader’s ownership structure explained in more detail

A research paper questioning the independence of Huawei Technologies put the world’s biggest telecommunications network gear maker back on the offensive last week, as it held a press conference to rebut the paper’s central assertion that it may ultimately be controlled by the government.The paper, jointly written by Donald Clarke of George Washington University and Christopher Balding of Fulbright University Vietnam, said that Huawei’s controlling holding company – 99 per cent of which is held… Source link

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Business leaders across Asia like Beijing’s Belt and Road vision. But China’s rising influence is giving some the jitters

Business leaders across Asia recently surveyed by two professional services firms believe China’s growth and infrastructure investments through its “Belt and Road Initiative” mean its dominance in the region will only expand – despite earlier expectations that India would become more influential.But the executives still have concerns about the reach of Chinese companies within their domestic economies and would be less amenable to Chinese investors acquiring local firms in specific sectors,… Source link

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Global 

China leaders vow to reform, not to stimulate, economy as trade deal with US nears

China’s senior communist leaders have congratulated themselves on saving the country’s economy from a hard landing during a trade war with the United States and they have decided to focus on “structural reforms”, instead of stimulus, to move the economy forward.The Politburo, the 25-member ruling body of the country headed by President Xi Jinping, reviewed China’s growth in the first quarter on Friday and concluded that market confidence has returned and economic performance was “better than… Source link

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