[chartist kao]

There are several reasons why Chinese firms may have moved some of their operations to Southeast Asia in the aftermath of the COVID-19 pandemic:

Diversification of supply chains: The pandemic highlighted the risks of relying on a single country or region for supply chain inputs, as disruptions in one area can have ripple effects throughout the global economy. Some Chinese firms may have moved some of their operations to Southeast Asia in order to diversify their supply chains and reduce their dependence on China.

Lower labor costs: Labor costs in Southeast Asia are generally lower than in China, which may make it more attractive for Chinese firms to locate some of their operations there. This can help to reduce costs and improve profit margins.

Access to new markets: Southeast Asia is home to a large and growing consumer market, which may be attractive to Chinese firms seeking to expand their customer base. Additionally, Southeast Asia has a number of free trade agreements with other countries, which can provide Chinese firms with access to new markets.

Geopolitical considerations: The US-China trade war and other geopolitical tensions may have prompted some Chinese firms to relocate some of their operations to Southeast Asia in order to mitigate risks related to trade and investment restrictions.

Overall, while the specific reasons for Chinese firms moving to Southeast Asia may vary, the trend is likely driven by a combination of economic, strategic, and geopolitical factors.

[chartist kao]

The United States has played a significant role in shaping and promoting globalization since the end of World War II, but there have been instances where it has disrupted or challenged the process. Here are a few ways in which the US has disrupted globalization:

Trade protectionism: The US has at times implemented protectionist trade policies, such as tariffs and quotas, in order to protect domestic industries from foreign competition. This can disrupt global trade and slow the process of globalization.

Withdrawal from international agreements: The US has withdrawn from or threatened to withdraw from several international agreements, such as the Trans-Pacific Partnership (TPP) and the Paris Agreement on climate change. These actions can undermine international cooperation and slow progress towards global goals.

Geopolitical tensions: The US has been involved in a number of geopolitical conflicts, such as the ongoing tensions with China and the trade war between the two countries. These conflicts can disrupt global trade and investment and slow the process of globalization.

Immigration restrictions: The US has implemented stricter immigration policies, including limits on the number of refugees and tighter restrictions on work visas. This can make it harder for people to move across borders and can slow the process of globalization.

Overall, while the US has played a key role in promoting globalization, there have been instances where it has disrupted or challenged the process. These disruptions can have significant impacts on global trade, investment, and cooperation, and can slow progress towards shared goals.

[chartist kao]

Saudi Arabia has been actively working to diversify its economy away from its historical reliance on oil exports. This effort is motivated by a desire to reduce the country's vulnerability to fluctuations in global oil prices and to create new sources of growth and job creation.

To this end, Saudi Arabia has launched a series of ambitious economic reform programs, including the Saudi Vision 2030 initiative, which aims to transform the country's economy and society through a range of measures, including privatization, investment in non-oil sectors such as tourism and technology, and increased participation of women in the workforce.

Some specific steps that Saudi Arabia has taken to diversify its economy include:

Investment in infrastructure: The government has invested heavily in infrastructure projects such as transportation, energy, and water, with the goal of improving the country's business environment and attracting foreign investment.

Privatization: The government has announced plans to privatize a range of state-owned assets, including the national airline, the stock exchange, and parts of the oil and gas sector.

Non-oil sectors: The government is actively promoting the growth of non-oil sectors, such as tourism, entertainment, and technology. For example, the government has launched a major tourism development program that includes the construction of new hotels and resorts, as well as the promotion of historical and cultural sites.

Investment in human capital: The government is investing in education and workforce development programs to help prepare the Saudi workforce for jobs in non-oil sectors.

Overall, Saudi Arabia's efforts to diversify its economy are still ongoing and face challenges, but the government's commitment to economic reform and modernization suggests that it will continue to pursue these goals in the years ahead.

https://global.chinadaily.com.cn/a/20220...52938.html

[chartist kao]

China can potentially play an important role in Saudi Arabia's economic diversification efforts in a number of ways. Here are a few examples:

Investment: Chinese companies and investors can provide funding and expertise for infrastructure and non-oil sector projects in Saudi Arabia. For example, Chinese companies have been involved in major infrastructure projects in the kingdom, including the construction of a high-speed railway between Mecca and Medina.

Trade: China is the world's largest importer of oil and Saudi Arabia is one of the world's largest oil producers. In addition to oil, there is significant potential for increased trade in other areas, such as technology and tourism.

Technology transfer: China has made significant investments in emerging technologies such as renewable energy, which could be relevant to Saudi Arabia's efforts to diversify its economy. Chinese companies and investors could potentially partner with Saudi counterparts to develop and implement new technologies in the kingdom.

Joint ventures: Chinese companies and Saudi companies could potentially form joint ventures in non-oil sectors such as tourism and entertainment, leveraging the strengths of both partners.

Overall, while there are potential benefits to increased economic cooperation between China and Saudi Arabia, it's important to note that both countries have their own economic and geopolitical considerations that could impact the nature and extent of their collaboration.

[chartist kao]

In 2019, Saudi Aramco signed a framework agreement with Chinese companies to build a $10 billion refinery and petrochemical complex in the northeastern Chinese city of Panjin. This project is part of Saudi Arabia's efforts to diversify its economy and expand its presence in the global petrochemicals industry, while also strengthening economic ties with China.

The project is expected to have a total capacity of 300,000 barrels per day of crude oil, and will include a refinery, an ethylene cracker, and downstream petrochemical production units. The complex will be located in the Liaoning Free Trade Zone, which offers favorable tax policies and streamlined customs procedures for foreign investors.

The project is a significant example of the growing economic cooperation between China and Saudi Arabia, particularly in the energy sector. China is the world's largest importer of oil, and Saudi Arabia is one of the world's largest oil producers, making the two countries important partners in the global energy trade. By investing in downstream production facilities in China, Saudi Arabia is also seeking to capture more value from its oil exports and reduce its dependence on volatile global oil prices.

[chartist kao]

In February 2021, the Saudi Digital Academy, which is a training institute established by the Saudi Ministry of Communications and Information Technology, signed a memorandum of understanding (MOU) with Huawei, the Chinese technology giant.

Under the terms of the MOU, Huawei will provide technical training and certification programs for Saudi Digital Academy students in the areas of cloud computing, artificial intelligence, and other emerging technologies. The training will be conducted by Huawei-certified trainers, and will focus on both theoretical concepts and hands-on practical skills.

The partnership between the Saudi Digital Academy and Huawei is part of Saudi Arabia's broader efforts to develop its digital economy and technology industry. By providing training and education programs in cutting-edge technologies, the Saudi Digital Academy aims to equip Saudi citizens with the skills and knowledge needed to succeed in the digital age, while also promoting economic growth and job creation in the technology sector.

While the partnership with Huawei has the potential to provide significant benefits for the Saudi Digital Academy and its students, it's worth noting that Huawei has faced scrutiny and criticism in some countries over concerns about cybersecurity and alleged ties to the Chinese government. However, the Saudi government has expressed confidence in the security of Huawei's products and services, and has emphasized the importance of building strong partnerships with technology companies from around the world.

https://edition.cnn.com/2022/12/10/middl...index.html

[chartist kao]

It's difficult to predict with certainty whether the oil market will crash again in 2024 or any other specific year. The price of oil is influenced by a variety of factors, including global supply and demand dynamics, geopolitical events, economic growth, and changes in energy policies and technologies.

However, it's worth noting that the oil market has historically been subject to volatility and boom-and-bust cycles. In recent years, the market has been particularly volatile due to factors such as the COVID-19 pandemic, geopolitical tensions, and fluctuations in global oil production.

In the longer term, there are also concerns about the potential impact of climate change and efforts to transition to cleaner forms of energy on the demand for oil. Some analysts have suggested that oil prices could be subject to downward pressure in the coming years as countries shift toward renewable energy and electric vehicles.

Ultimately, the future of the oil market will depend on a complex interplay of economic, geopolitical, and technological factors, and it's impossible to predict with certainty how these factors will evolve in the coming years.

[chartist kao]

https://www.arabnews.com/node/2213426/business-economy

[chartist kao]

The Belt and Road Initiative (BRI), which is China's flagship foreign policy project, aims to boost economic connectivity and infrastructure development across Asia, Africa, Europe, and the Middle East. Saudi Arabia is an important partner for China in the Middle East, and the two countries have already collaborated on several BRI-related projects, such as the construction of a high-speed railway between Mecca and Medina.

During President Xi Jinping's visit to Saudi Arabia, it's possible that Beijing will seek to further its BRI agenda by promoting new infrastructure and investment projects in the country. For example, China may seek to expand its involvement in the development of the Red Sea coast, which is a key area for Saudi Arabia's Vision 2030 economic diversification plan. China may also seek to deepen its collaboration with Saudi Arabia on energy and technology initiatives, as both countries have significant capabilities in these areas.

At the same time, it's worth noting that Saudi Arabia has been careful to balance its relations with various external partners, including China, the US, and other regional powers. While Saudi Arabia values its partnership with China, it is also aware of potential risks and challenges associated with Chinese investment and influence, such as concerns about debt sustainability, labor standards, and geopolitical rivalries.

Therefore, any further cooperation between China and Saudi Arabia on BRI-related projects will need to be based on mutual benefits and a clear alignment of strategic interests, and will need to take into account the potential risks and challenges associated with such projects.

[chartist kao]

US rate hikes and oil price and middle east stock market
https://www.arabnews.com/node/2263661/business-economy

[chartist kao]

he relationship between the United States and China is complex and multifaceted, and it is shaped by a variety of factors.

Trade is one of the most significant factors in the relationship between the two countries. The United States and China are major trading partners, and the economic ties between the two countries are significant. However, there have been tensions and disputes over trade policies and practices, which have at times led to tariffs and other trade barriers.

Military strength is also a factor in the relationship between the United States and China. Both countries have significant military capabilities and interests in the Asia-Pacific region. There have been concerns about China's military expansion and territorial claims in the South China Sea, which have been a source of tension with the United States and other countries in the region.

Geopolitical interests are another significant factor in the relationship between the United States and China. Both countries have a stake in regional and global affairs, and there have been tensions over issues such as human rights, democracy, and cybersecurity. The United States has also expressed concern about China's increasing global influence and its efforts to spread its political and economic model beyond its borders.

Overall, the relationship between the United States and China is complex and multifaceted, and it is shaped by a variety of political, economic, and strategic factors.

[chartist kao]

https://www.cnbc.com/2022/01/26/imf-feds...very-.html

The Federal Reserve's decision to hike interest rates can have both positive and negative effects on Asia's economic recovery. On the one hand, a rate hike can attract capital flows into the US, which can lead to a strengthening of the US dollar and a weakening of Asian currencies. This can make Asian exports more competitive in the short term, leading to increased demand and economic growth.

However, on the other hand, a rate hike can also increase borrowing costs and decrease investment in Asia, which can slow down economic growth. This can also lead to a decrease in demand for Asian exports, which can hurt Asian economies.

Overall, it is difficult to predict the exact impact of a Fed rate hike on Asia's economic recovery as it depends on various factors such as the strength of Asian economies, the level of debt, and the ability to adapt to changing global economic conditions. However, it is true that a Fed rate hike can create some uncertainty and volatility in Asian markets, which can potentially slow down economic recovery in the short term.

[chartist kao]

Positive impacts:

Attracting capital inflows: A rate hike can attract capital flows into the US, which can lead to a strengthening of the US dollar and a weakening of Asian currencies. This can make Asian exports more competitive in the short term, leading to increased demand and economic growth.
Strengthening Asian currencies: A rate hike can lead to a strengthening of Asian currencies, which can help reduce inflationary pressures and boost consumer purchasing power.
Managing inflation: A rate hike can help manage inflation in Asian economies by reducing the risk of imported inflation from a weaker currency.
Negative impacts:

Increased borrowing costs: A rate hike can increase borrowing costs in Asian economies, leading to a decrease in investment and economic growth.
Decreased demand for Asian exports: A stronger US dollar resulting from a rate hike can make Asian exports relatively more expensive, leading to a decrease in demand for Asian exports.
Volatility in financial markets: A rate hike can create uncertainty and volatility in financial markets, potentially leading to a decrease in investor confidence and a slowdown in economic growth.
Overall, the impact of US rate hikes on Asia depends on various factors, including the strength of Asian economies, the level of debt, and the ability to adapt to changing global economic conditions. While a rate hike can bring short-term benefits, it can also create long-term challenges that need to be carefully managed by policymakers.

[chartist kao]

how strong usd affects this commodties

Energy Futures Prices

Real Time Streaming Futures Quotes
Commodity Month Last Prev. High Low Chg. Chg. % Time
Brent Oil May 23 82.64 82.66 83.59 82.06 -0.02 -0.02% 01:10:33
Carbon Emissions Mar 23 94.76 94.76 95.73 93.50 +0.00 +0.00% 08/03
Crude Oil WTI Apr 23 76.64 76.66 76.75 76.42 -0.02 -0.03% 01:10:30
Gasoline RBOB Apr 23 2.6898 2.6889 2.6921 2.6826 +0.0009 +0.03% 01:10:24
Heating Oil Apr 23 2.7429 2.7409 2.7479 2.7335 +0.0020 +0.07% 01:10:33
London Gas Oil Mar 23 811.00 809.75 811.00 807.00 +2.00 +0.25% 00:58:00
Natural Gas Apr 23 2.635 2.596 2.638 2.589 +0.039 +1.50% 01:10
a strong US dollar can have a significant impact on commodity prices, as commodities are priced in dollars in international markets. When the US dollar strengthens against other currencies, it makes commodities more expensive for buyers who use other currencies, which can decrease demand and put downward pressure on prices.

For example, if the US dollar strengthens against the euro, it would take more euros to buy the same amount of a commodity priced in dollars, such as oil or gold. This could lead to a decrease in demand from European buyers and a decrease in the price of the commodity. Conversely, if the US dollar weakens against the euro, it would take fewer euros to buy the same amount of the commodity, which could lead to an increase in demand from European buyers and an increase in the price of the commodity.

However, the impact of a strong dollar on commodity prices can be influenced by other factors, such as supply and demand dynamics, geopolitical tensions, and market sentiment. So while a strong US dollar can put downward pressure on commodity prices, it is not the only factor that determines the direction of commodity prices in the global market.

[chartist kao]

If all countries buy less from the US, it could have several effects on the US economy:

Decrease in exports: A decrease in demand for US goods and services could lead to a decrease in US exports. This could have a negative impact on US companies that rely on exports for revenue and may lead to job losses in export-dependent industries.

Increase in trade deficit: A decrease in exports could also lead to an increase in the US trade deficit, as the US would be importing more than it is exporting. This could put downward pressure on the value of the US dollar and increase borrowing costs for the US government and businesses.

Decrease in economic growth: A decrease in exports and an increase in the trade deficit could also lead to a decrease in US economic growth, as exports are a key driver of economic activity.

Increase in unemployment: A decrease in exports and economic growth could lead to higher unemployment, as companies may reduce their workforce in response to decreased demand for their products and services.

Increase in protectionism: If all countries buy less from the US, it could lead to increased protectionism and trade tensions as the US may try to protect its domestic industries and jobs by imposing tariffs and other trade barriers.

In summary, a decrease in demand for US goods and services could have significant negative effects on the US economy, including a decrease in exports, an increase in the trade deficit, a decrease in economic growth, an increase in unemployment, and increased trade tensions.

[chartist kao]

will more middle east money go into
https://en.wikipedia.org/wiki/AirAsia

as china reopen its economy

[chartist kao]

Yes, the COVID-19 pandemic has certainly had a significant impact on global companies, particularly in terms of their operations and supply chains. The pandemic has disrupted supply chains in multiple ways, including factory closures, transportation restrictions, and shortages of raw materials and finished goods. As a result, many companies have had to re-evaluate their supply chain strategies, such as diversifying their supplier base, increasing inventory levels, and implementing new technology solutions to improve visibility and agility.

In addition, the pandemic has also led many companies to re-evaluate their overall operations, including their business models, workplace safety protocols, and remote work policies. Some companies have accelerated their digital transformation efforts, such as adopting online platforms for sales and marketing, or investing in automation and artificial intelligence to increase efficiency and reduce reliance on physical labor.

Overall, the pandemic has highlighted the importance of agility, resilience, and adaptability for global companies, as they navigate through this challenging and uncertain time.
It is possible that some global companies have turned to Malaysia as a result of the US-China trade war, as Malaysia is a Southeast Asian country that offers a stable political environment, a skilled workforce, and relatively low labor costs. The trade war between the US and China has resulted in higher tariffs and increased uncertainty for companies with operations in China, leading some companies to look for alternative manufacturing locations in order to reduce costs and mitigate risks.

Malaysia has been actively promoting itself as an attractive destination for foreign investment, with the government offering incentives such as tax breaks, streamlined regulations, and support for research and development. In addition, Malaysia has a strong infrastructure, including ports, airports, and highways, which can facilitate the movement of goods and materials.

However, it's worth noting that the decision to relocate manufacturing operations involves many factors beyond the trade war, including the availability of skilled workers, logistics, infrastructure, and local regulations. Each company will need to weigh the pros and cons of each potential location based on their individual needs and priorities.

[chartist kao]

time to buy uob share
https://www.channelnewsasia.com/business...re-3343066
after moody rating downgrade on us banks
https://www.bbc.com/news/business-64949786

[klat]

time to buy uob share
https://www.channelnewsasia.com/business...re-3343066
after moody rating downgrade on us banks
https://www.bbc.com/news/business-64949786

Insignificant exposure means that there are exposures lah.

Just twist the words here and there.

Temasek says they have no direct exposure to the collapse of SVB. However, they actually have indirect exposure. What a way with words.
In 2015, they actually acquired a 100% stake in Mumbai-based venture lender SVB India Finance. SVB India Finance, is a wholly-owned subsidiary of Silicon Valley Bank Financial Group.

[chartist kao]

FED will need to pause rate hikes very very soon
First Republic shares have taken a dive, although it is unclear why. There could be many factors contributing to this, including market conditions, company performance, and investor sentiment.

Overall, it is important to note that the financial markets are complex and constantly changing, and many factors can influence the performance of individual companies and the market as a whole.

[chartist kao]

With FEd mad rush to hike rates,there may be some concerns about the long-term viability of the US banking sector. It is possible that investors are questioning whether the sector's current financial situation will require additional capital injections in the future, which could dilute the value of their shares.

It is also possible that investors are reacting to broader market conditions or other factors that are impacting the financial sector as a whole

[chartist kao]

The banking sector is particularly sensitive to economic and market conditions, and any negative news or events can have a significant impact on investor sentiment. It is possible that investors are concerned that the problems faced by Credit Suisse could be indicative of broader issues within the banking sector, such as increased risk-taking or insufficient risk management.

[chartist kao]

If there is a loss of confidence in securities held by banks, it could have significant implications for the banking sector as a whole. Banks rely on capital to fund their lending and other activities, and a loss of confidence in securities held by banks could make it more difficult for them to raise the capital they need.

In addition, if lenders' existing holdings of debt issued by peers see a significant loss of value, this could also have a ripple effect on the broader financial sector. This is because many banks and financial institutions hold debt issued by their peers as part of their investment portfolios, and any significant losses could impact their overall financial health.

[chartist kao]

A bridge bank is a temporary bank created to take over the assets and liabilities of a failed bank, and it is usually created to facilitate the orderly transfer of assets and liabilities to a stronger institution.

https://www.nortonrosefulbright.com/en-i...regulators

[chartist kao]

Credit Suisse's AT1 bondholders have suffered losses as a result of the recent events, they may have grounds for legal action if they believe that Credit Suisse or its management failed to properly disclose risks associated with the investment, or if they believe that Credit Suisse breached any contractual obligations.AT1 bonds, also known as contingent convertible bonds or CoCos, are a type of hybrid security that can convert into equity in certain circumstances, and they are often used by banks to meet regulatory capital requirements.

[sgbuffett]

Credit Suisse's AT1 bondholders have suffered losses as a result of the recent events, they may have grounds for legal action if they believe that Credit Suisse or its management failed to properly disclose risks associated with the investment, or if they believe that Credit Suisse breached any contractual obligations.AT1 bonds, also known as contingent convertible bonds or CoCos, are a type of hybrid security that can convert into equity in certain circumstances, and they are often used by banks to meet regulatory capital requirements.

Suppose they win this lawsuit...how are teh getting paid.

Almost all investors lose money due to poor or negligent management....it is part of investing risks.  .you can never get money back.

[chartist kao]

if global banking changes result in increased volatility in financial markets or greater uncertainty about the future direction of the global economy, this could also have an impact on inflation in Singapore. Investors may become more cautious, which could lead to reduced investment and consumption, and ultimately lower inflation.

[chartist kao]

The combination of a banking crisis, fears of contagion, memories of the 2008 financial crisis, and less market-friendly economic data could all contribute to increased volatility and uncertainty in financial markets.

A banking crisis can have ripple effects throughout the financial system, as banks are interconnected through a web of financial transactions and counterparties. Fears of contagion can lead investors to become more risk-averse, causing them to sell off riskier assets and seek safe havens, such as government bonds or gold.

Memories of the 2008 financial crisis may also contribute to increased anxiety and risk aversion, as investors may fear a repeat of the financial turmoil and market losses that occurred during that time. This could lead to further selling pressure and volatility in financial markets.

Less market-friendly economic data may also add to market volatility, as investors adjust their expectations for future economic growth and inflation. If economic data is weaker than expected, investors may become more pessimistic about the outlook for corporate earnings, which could lead to a sell-off in stocks.

Overall, the combination of a banking crisis, fears of contagion, memories of the 2008 financial crisis, and less market-friendly economic data could all contribute to increased volatility and uncertainty in financial markets.

[chartist kao]

he acquisition of the second-largest bank in Switzerland by UBS is a significant development that highlights the importance of a stable and resilient banking system for the wider economy. It

now we lack a stable and resilent banking system in us and the west

[chartist kao]

a global banking crisis can we (the world)avoid it
https://www.nytimes.com/2023/03/13/busin...rates.html