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Huawei is said to win another 90 days reprieve to buy from American suppliers

The US Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from US companies so that it can service existing customers, two sources familiar with the situation said.The “temporary general license” will be extended for Huawei for 90 days, the sources said.Commerce initially allowed Huawei to purchase some American-made goods in May soon after blacklisting the company in a move aimed at minimising disruption for its… Source link

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China should ‘try to win over other countries with favourable policies’ amid trade war with US

Beijing should make efforts to win over other countries amid its protracted dispute with Washington, including by offering favourable trade policies, according to Chinese economists and former officials.Speaking at a forum in Yichun, Heilongjiang province on Saturday, Huang Yiping, an economics professor at Peking University, said Beijing should not allow US President Donald Trump’s trade war to “disrupt our progress”.“The experience gained from the last few decades tells us that China rose… Source link

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How China can win a ‘trade war’ between Japan and South Korea

An escalating “trade war” between Japan and South Korea could be good news for China, both economically and diplomatically, observers say.With Tokyo’s export restrictions on South Korean firms likely to prove mutually destructive, Chinese manufacturers could gain a competitive edge, according to analysts, while the souring of relations between two key US allies is likely to leave Beijing’s diplomats rubbing their hands.On Tuesday Tokyo vowed to stand behind its decision to restrict exports… Source link

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Singapore 

Win $1,888 and a chance to meet F1 driver Kimi Raikkonen when you head to Beerfest Asia 2019 – Here’s how, Lifestyle, Singapore News

Things are about to get heated trackside at the Marina Bay Street Circuit, with the Singapore Grand Prix rolling around again this September. But an exclusive encounter with well-known ‘Iceman’ Kimi Raikkonen may just be the thing to cool you off – that and winning $1,888 in cold hard cash. EuroAutomobile, the official distributor of Alfa Romeo cars in Singapore, is partnering Beerfest Asia in giving three lucky winners access to the Alfa Romeo Racing F1 Paddock this season. The Alfa Romeo Racing Paddock Passes are not available for public purchase, and…

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Donald Trump’s tariffs are big, fat American snake oil meant to win re-election, not solve real problems

It has become clear that tariffs are the “snake oil” of salesman Donald Trump and his US administration. I am reminded of the endearingly eccentric father-in-law in the 2012 film My Big Fat Greek Wedding, who spent much of his time dispensing a spray of glass cleaner as a cure-all for every minor medical complaint. Except that the US president’s obsession with tariff snake oil is anything but endearing. Trump is now unsatisfied with a big, fat ugly trade war with China that looks set to… Source link

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Singapore 

Singtel says it has ‘right ingredients’ to win a 5G licence in Singapore, Digital, Singapore News

SINGAPORE – Telco giant Singtel wants Singapore’s telecoms regulator to give out the two 5G mobile network licences for free, a move that would reduce significantly the investments needed to build the new 5G service. But should the Infocomm Media Development Authority (IMDA) decide to assign the 5G airwaves to two winning proposals, Singtel has “all the right ingredients” to win the rights to operate the network, its Singapore consumer chief Yuen Kuan Moon said on Tuesday (June 4). The two nationwide networks could roll out as early as next…

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Casino operators that play cards right will win from Beijing’s push to make Macau a family-friendly destination

Macau’s casino operators have pledged billions of dollars to develop non-gaming attractions in a bid to secure new licences, but analysts predict only the more efficient like Sands China and Galaxy will be able to curb losses and emerge winners.The spending frenzy comes as Beijing pushes to rebrand Macau as a family-friendly destination. Operators are ploughing US$10 billion into mostly non-gaming, which has traditionally been hard to monetise, before their licences expire in 2022 amid warnings… Source link

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Global 

US-China trade war energy deal may not be the easy win it appears to be

In the second in a series on the trade war, Eric Ng and Amanda Lee look at why China’s need for energy security makes a deal with the US on energy more complicated than it may seem.On paper, a healthy energy trading relationship between China and the United States would be mutually beneficial. China is the world’s largest energy importer, while the US is, over the next year, poised to become a net exporter.These simple facts have led many to suggest that a deal on energy trade would be low……

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China 

US destinations scramble to win back Chinese tourists

The number of Chinese visitors to the US has fallen for the first time in 15 years, after more than a decade of rapid growth, but friction between the two countries is just one reason for the slowdown, according to travel industry insiders.Travel from China to the US fell 5.7 per cent in 2018 to 2.9 million visitors, according to the National Travel and Tourism Office, which collects data from US Customs forms. It was the first time since 2003 that Chinese travel to the US slipped from the… Source…

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Huawei will commit to ‘no-spy agreements’ to win government contracts, chairman says

Huawei Technologies offices in Reading, England. On Tuesday, the company’s chairman, Liang Hua, told a conference in London that the Chinese telecommunications giant was prepared to include pledges in its government contracts not to facilitate “back door” espionage by Beijing. Photo: Reuters Source link

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