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The curious case of the intercepted rice shipment onboard MV Tay Son

ON Sept. 14, 2026, the Vietnamese vessel MV Tay Son 2 arrived in Davao carrying 312,000 bags of rice in 25-kilogram sacks, worth an estimated P424 million. Before the Bureau of Customs (BOC) could inspect its cargo, the vessel departed without permission. The Philippine Navy pursued and escorted it back. The captain…

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Demystifying El Niño: Parlor to policy

UNDER normal conditions, the equatorial Pacific Ocean operates like a planetary heat engine governed by an atmospheric conveyor belt known as the Walker Circulation. Steady trade winds act as a thermal valve, dragging warm surface water toward Southeast Asia while pulling cold, nutrient-dense water up along South Am…

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Hong Kong firms must innovate to compete in mainland China, trade chief says

Hong Kong companies can survive intense competition in mainland China by being innovative and maintaining high standards, the head of the city’s trade promotion body has said. Hong Kong Trade Development Council chairman Frederick Ma Si-hang said on Friday that the city was also tapping into emerging markets in Sout…

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China hits EU, Japan with anti-dumping probes into industrial materials amid rising tensions

China has launched two anti-dumping investigations into imports of industrial materials from the European Union (EU) and Japan, adding to a series of trade measures announced this week amid persistent tensions with major trading partners. The Ministry of Commerce said on Friday that it had opened an investigation in…

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Why Malaysia may still face trade uncertainty after US midterms

Malaysia’s hope for a shift in US trade policy is unlikely to be realised for some time, experts warn, as the new Democratic-led Congress will face strong opposition from US President Donald Trump in its attempt to reverse some of his tariff measures. Trump’s Republicans suffered their worst rout in recent times in …

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K-beauty shines globally, but big players face growing pains

Korean beauty’s export boom shows no signs of slowing, with shipments through September nearly matching last year’s total. But third-quarter earnings at the industry’s biggest players paint a less rosy picture. APR, Korea’s most valuable beauty company worth roughly 10 trillion won ($7.35 billion), led the pack. It …

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Trump’s Israel aid cut reveals push to trade grants for tech cooperation

The close defence relationship between the United States and Israel is set to be restructured over the coming two years, with billions of dollars in direct annual military aid being phased out in favour of joint weapons technology programmes. US President Donald Trump shocked Israelis and Americans alike on Tuesday …

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EU-China truce under strain as both sides brace for potential trade war

Weeks after the European Union and China struck a deal aimed at averting a looming trade war, the two sides remain at loggerheads over what is wrong with their relationship, how to fix it and who is to blame. At events in Brussels this week, threats were exchanged and differences rose to the surface. With the ink ba…

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Russia and Ukraine trade airstrikes as reconstruction and security talks resume in Brussels

KYIV, Ukraine — Russia and Ukraine traded damaging overnight airstrikes Thursday as talks were set to resume in Brussels to discuss post-war reconstruction of Ukraine and security guarantees after the conflict triggered by Moscow’s full-scale invasion nearly five years ago ends.

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Labor rallies, marathons to cause congestion in Seoul this weekend

Traffic congestion is expected in central Seoul this weekend due to labor rallies and marathon events, police said Friday. The Korean Confederation of Trade Unions, a major umbrella labor union, plans to hold a preliminary rally near the Seoul Regional Employment and Labor Office in downtown Seoul at 1 p.m. on Satur…

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Incheon Airport puts Korean airport technology on global stage

Incheon International Airport Corp. said Friday it showcased its smart airport technologies at Asia’s largest airport trade show this week, in a bid to win new markets and grow its business abroad. The state-run operator joined Super Terminal Expo 2026, held in Hong Kong from Tuesday through Thursday, where some 120…

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[Lee Byung-jong] Korea needs to join CPTPP

Can an extremely trade-dependent country afford to remain outside the most important free trade agreement in its region? Unfortunately, that is what South Korea appears to be trying to do. President Lee Jae Myung recently announced that his government is unlikely to join the Comprehensive and Progressive Agreement f…

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What does Trump’s midterm humbling mean for Bessent ahead of talks with He Lifeng?

As US Treasury Secretary Scott Bessent prepares to sit down with Vice-Premier He Lifeng, his Chinese counterpart, in Shenzhen later this month for trade talks ahead of the Apec summit, he will do so with weakened party support at his back following the landslide victory of the Democrats in this week’s midterm electi…

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The US-China tech contest has moved – to the gatekeeping product testers

The latest front in the US-China technology contest is not advanced chips, artificial intelligence (AI) or telecommunications equipment. It is the laboratories that certify whether an electronic product may enter the American market. On October 29, the US Federal Communications Commission (FCC) voted to stop recogni…

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US Suspends South Africa, Rwanda From Key African Trade Program

US Suspends South Africa, Rwanda From Key African Trade Program Authored by Owen Evans via The Epoch Times,U.S. Trade Representative Jamieson Greer said on Nov. 2 that Washington will suspend South Africa and Rwanda from its duty-free trade program for sub-Saharan Africa, citing failures on trade barriers, corruptio…

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Mainland Chinese firm, director admit fraud in HK$52.9m Hong Kong bottled water scandal

A mainland Chinese company and its director have pleaded guilty to fraud after submitting falsified certificates to win a HK$52.9 million (US$6.78 million) contract to supply drinking water to civil servants in Hong Kong. The high-profile procurement scandal came to light in August last year after civil servants rai…

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Hong Kong needs ‘forward-looking’ plans amid changes in industrial chains: John Lee

Hong Kong should proactively plan and implement forward-looking strategies amid rapid changes in global industrial chains and the rapid development of technology and artificial intelligence, the city’s leader has said at an economic forum. Speaking at the Hongqiao International Economic Forum in Shanghai, Chief Exec…

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‘China-squeeze narrative’ on trade surplus belies reality, top official says

Chinese Vice-Premier Ding Xuexiang pushed back against criticism of the country’s widening trade surplus while pledging to expand imports, as China faces growing international pressure to address global trade imbalances. Addressing the opening ceremony of the China International Import Expo (CIIE) in Shanghai on Thu…

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Financial policymakers to monitor US AI, trade policies following election

South Korea's key financial policymakers on Thursday vowed to closely monitor potential changes in US policies on artificial intelligence (AI) and trade and their implications for the South Korean economy. Finance Minister Lee Hyoung-il discussed the issues with Bank of Korea (BOK) Gov. Shin Hyun-song, Financial Ser…

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Korean battery-makers gain ground in North American ESS market

South Korean battery-makers are gaining ground in North America's fast-growing energy storage system market, as tighter trade restrictions on Chinese products create new opportunities for Korean suppliers. LG Energy Solution and Samsung SDI captured a combined 20.9 percent of the North American ESS battery market in…

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