An Adorable Little Property Bubble Grows in Singapore
| May 19, 2012 | Posted by Ben Kritz under Real Estate |
(Singapore) – Government officials and real estate market analysts are keeping a nervous eye on the city’s residential housing sector, after 1st-quarter figures released last week showed that sales of “shoebox apartments” reached their highest levels since the Urban Redevelopment Authority began keeping records in 2007. Real estate developers sold 1,764 of the 50-square meter…
Air Industry Briefs: May 10, 2012
| May 10, 2012 | Transportation |
INDONESIA – A demonstration flight of a Sukhoi Superjet 100 ended in tragedy Wednesday, when the plane carrying approximately 45 passengers disappeared from radar after leaving Jakarta, and was later discovered wrecked on a ridge of the 2,200 meter (7,200 ft.) Mt. Salak. It is believed there were no survivors of the crash, but Indonesian…
Malaysia Rejects Call for Regional Currency: Foresight or Self-Preservation?
| May 4, 2012 | Politics, Trade and Economy |
Bank Negara Malaysia (Malaysian Central Bank) Governor Zeti Akhtar Aziz disappointed some participants at the 4th Annual Meeting of the Asian Development Bank in Manila this week by bluntly rejecting proposals for a single Asian currency, saying “that the preconditions needed for a single currency in Asia had not been met” and “it is not…
Philippines’ Export and Industry Bank Closed by Regulators
| May 4, 2012 | Banking and Finance |
Banking regulators in the Philippines ordered the closure of Manila-based Export and Industry Bank (EIB), placing the troubled institution under the receivership of the Philippine Deposit Insurance Corporation (PDIC) after bank officials informed the central bank (BSP) they would be unable to meet maturing obligations and declared a bank holiday April 27. The closure is…
Japan, Kazakhstan Agree to Joint Rare Earth Development Project
| May 4, 2012 | Manufacturing and Industry |
Japan and Kazakhstan have agreed to terms on a jointly-developed facility to extract the rare-earth metal dysprosium from the central Asian country, according to a report in The Japan Times. Japan’s Trade Minister signed the agreement with his Kazakh counterpart in Astana Tuesday, clearing the way for the construction of a facility near the northern…
Despite Positive Press, Philippine Infrastructure Development Lags Behind Aspirations
| May 2, 2012 | Posted by Ben Kritz under Infrastructure |
Promoters of eco-friendly transportation were dealt a disappointment last month after it was announced that the only two bidders for a highly-anticipated Automated Guideway Transit System (AGTS) test project to be built on the main campus of the University of the Philippines had both been disqualified by project officials, nearly a year after the project…
A Fox in the Henhouse: Robert Wenzel’s Speech at the Federal Reserve Bank of New York
| April 27, 2012 | Posted by Ben Kritz under Trade and Economy |
Robert Wenzel , the Editor and Publisher of EconomicPolicyJournal.com, was recently invited to address a luncheon gathering at the Federal Reserve Bank of New York. Wenzel is a fairly committed adherent of the Austrian school of economic thought, which is not – obviously – a perspective shared by the neo-classicists who run the American economy.…
Aquino Presidency Founders as Reality Overwhelms Rhetoric
| April 19, 2012 | Posted by Ben Kritz under Politics, Trade and Economy |
Although Philippine President B.S. “Noynoy” Aquino III has been the target of strong criticism from the moment he first announced he was considering a run for the presidency shortly after the death of his mother, former President Corazon Aquino, in August 2009, for most of the nearly two years he has occupied the Philippines’ highest…
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