In the midst of economic and social woes, Hong Kong’s government is planning on passing out more than $1,000 to adults. The news was recently shared by Hong Kong’s financial secretary. Paul Chan stated that the government will be offering this to permanent residents over 18 years of age in Hong Kong. The cash handout is valued at HK$10,000 or … Read More
Gold Mine Found in India 5 Times Larger than Gov’t Reserves
A massive gold mine was just discovered in India. The contents in the mine were found to be five times larger than the gold reserves that the government has. India has literally just hit gold. Thanks to geologists, massive gold deposits have been found in the eastern district of Uttar Pradesh. This jackpot of a discovery was the result of … Read More
HKTDC Trade Shows and Events Postponed
The Hong Kong Trade Development Council (HKTDC) has just postponed several trade shows and events due to COVID-19. The HKTDC is a group established in the mid 60’s. Their main mission is to promote and develop the trades of Hong Kong. They do this by having exhibitions, conferences, and more. They currently have 50 offices all around the world. However, … Read More
India Jumps to 5th Largest Economy
The International Monetary Fund (IMF) has just reported that India has jumped to the 5th largest economy in the world. The IMF measured India’s nominal Gross Domestic Product (GDP) last year. From this data, they saw that India has jumped over several powerhouse countries. These include the likes of the United Kingdom (UK) and France. In 2019, the United States … Read More
Selling from Suitcases: Facing the Close of Electronics Haven Huaqiangbei
People have started selling electronics from bags and suitcases despite Huaqiangbei being closed. With the Coronavirus running rampant in China, many if not all shops have closed. The Chinese government is trying to contain the virus and stop its spread. One shopping district that has been affected is the Huaqiangbei. Despite that, it has not deterred the businessmen who work … Read More
Japan to Continue Prep for President Jinping’s Visit
Japan and China have recently confirmed that they will continue their preparations for President Xi Jinping’s visit. China has been afflicted with the Coronavirus since late December. This has affected the country’s economy and social life. People have been asked to stay in their houses and transportation has been stunted. The Coronavirus’ infectious rate has sparked speculations that President Jinping … Read More
China to Destroy Money for Coronavirus Safety
China will be destroying money as a precaution for the Coronavirus. China’s central bank plans on collecting banknotes from around the country. Specifically, they are targeting money that has been near areas where the Coronavirus was. These include hospitals, markets, and public transportation. They will be taking all the money and destroying. The central bank located in Guangzhou says that … Read More
New Indonesian Bill Threatens to Ignore Environment Concerns for Profit
Indonesia has just introduced a new environmental bill that threatens to ignore environmental concerns for profits. A bill was just submitted to the Indonesia parliament last Wednesday. The bill is called the Job Creation bill. This new bill is aimed at “opening up industries”. Within the bill, there are proposals that will aim to relax the environmental requirements for certain … Read More
Huawei Charged for Stealing Trade Secrets from US
Huawei has just been charged for stealing trade secrets by the United States’ (US) Justice Department. The charges against Huawei were racketeering and the illegal taking of US trade secrets. The US has said that Huawei has been doing this since the start of the 2000s. This two decade stealing has added another layer to US President Donald Trump’s war … Read More
Philippine President Voices Termination of Visiting Forces Agreement with US
Philippine President Rodrigo Duterte has just voiced his plan of terminating the visiting forces agreement (VFA) with the United States (US). President Duterte recently stated that he wants to end the VFA agreement with the US.This happened right after the US cancelled the visas of President Duterte’s ally. This happened last month. The US government cancelled the visa of current … Read More