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Four reasons quantitative easing is not the solution to the global economy’s problems right now

One of the reasons why financial markets had such an abysmal 2018 was the fear among investors that quantitative easing – the extra cash pumped into the financial system by the world’s leading central banks to cope with the fallout from the global financial crisis – was giving way to quantitative tightening.According to data from Bloomberg, the collective balance sheet of the US Federal Reserve, the European Central Bank (ECB) and the Bank of Japan peaked in March last year and began shrinking… Source link

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Vacancy tax is a short-term solution to Hong Kong’s long-term housing shortage crisis

The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain unsold after 12 months of receiving an occupation permit. According to the Rating and Valuation Department, the preliminary findings in the Hong Kong Property Review 2019 indicate that the vacancy rate of… Source link

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What will we say to our grandchildren, as we dither over the solution to arrest climate change that lays before our eyes?

If temperatures are allowed to rise past 1.5ºC, island countries like ours will be in grave danger, with some facing the grim prospect of being wiped off the map by rising seas. The climate impacts will affect millions of people around the world, in both developed and developing nations.We also now know that it is already too late to keep warming to 1.5ºC by reducing global emissions alone. If we hope to meet the 1.5-degree target and save our countries from devastating impacts, we must find… Source link

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Singapore 

Lee Hsien Loong: 1962 Water Agreement is a “fundamental founding document”; both sides to seek amicable solution, Singapore News

PUTRAJAYA – The water agreement is a “fundamental founding document” for Singapore and Malaysia and both countries have to abide by it, Prime Minister Lee Hsien Loong said on Tuesday (April 9). “It’s a basic term on which the two countries decided to manage our relationships,” he said. “If you look at it from that point of view, to be able to change it is a very high hurdle.” Speaking at a joint press conference with his Malaysian counterpart Mahathir Mohamad at Perdana Putra after their Leaders’ Retreat, Mr Lee…

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The US is ready for this super cheap urban mobility solution, says Chinese electric scooter maker

Niu Technologies, a maker of high-end electric scooters, will expand into the US market this year as the Beijing-based start-up bets its two-wheelers will catch on outside Asia as a way to help ease urban congestion.Chief executive Li Yan said the company was seeking to broaden earnings contributed from different regions of the world, adding that income from international sales “is still a very small part of our portfolio”.“We are selling in 27 countries compared with 17 countries this time… Source link

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Vietnam 

Minister asks for pre-activated SIM solution – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Minister of Information and Communications Nguyễn Mạnh Hùng directed the Việt Nam Telecommunications Authority (VNTA) and network operators to stop the supply of pre-activated SIM cards.— Photo ictnews.vn HÀ NỘI — Minister of Information and Communications Nguyễn Mạnh Hùng directed the Việt Nam Telecommunications Authority (VNTA) and network operators to stop the supply of pre-activated SIM cards. A solution is needed to stop the sale of pre-activated SIM cards this month, he said at a meeting this…

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China 

US-China trade war ‘truce’ should be used to find long-term solution to disputes, experts say

Establishing a framework for future trade relations is more important than China simply promising to buy more US goods, according to a former senior Chinese official, but US business leaders said Beijing would not be allowed to drag its feet in coming up with a deal to please Washington. At their meeting in Buenos Aires over the weekend, officials from the two countries agreed to a 90-day “truce” in their trade war. While the agreement includes a ban on any additional tariffs being imposed in the period, the White House…

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