The US dollar has been the world’s primary reserve currency since the end of the Second World War, a position that has remained unchallenged even as political and economic landscapes shifted. Today, however, emerging trends indicate that this supremacy might be facing a contest. The Unwavering Dominance of the US Dollar The US dollar’s prominence … Read more
Reigniting the Flame: High-Level Economic Talks Resume The diplomatic journey between China and Australia has been nothing short of a rollercoaster ride. Yet, a fresh gust of optimism is blowing across the diplomatic corridors with the recent visit of Australian Trade Minister Don Farrell to Beijing. This visit marked a significant milestone in the recovery … Read more
International E-commerce Tax Landscape The international landscape of e-commerce taxation is evolving rapidly. Governments globally are striving to unearth hidden treasures in the form of taxes from the internet cloud, driven by the United States, European Union, and the Organisation for Economic Co-operation and Development (OECD). The United Nations aims to enhance this effort even … Read more
Elevating Indo-Pacific as the Epicenter of Global Peace and Prosperity The 21st-century geopolitical landscape is experiencing a significant shift towards the Indo-Pacific region, with Japan and India playing a crucial role in shaping this transition. This move seeks to establish a free and open Indo-Pacific (FOIP) as the bedrock of global peace, prosperity, and a … Read more
Beating the Forecasts: An Unexpected Upswing The Malaysian economy has shown resilience and dynamism, with a reported increase in gross domestic product (GDP) of 5.6% in the first quarter of 2023. This impressive figure surpasses the 4.8% annual expansion previously predicted by analysts in a Reuters news agency poll. In comparison, the country had experienced … Read more
The potential move by Bolivia towards yuan-based international trade signifies a shift in Latin America’s economic relations, reflective of China’s expanding influence in the region. Embracing the Yuan: Bolivia’s New Trade Strategy Bolivian President Luis Arce, during a recent press conference, expressed a willingness to consider the Chinese yuan for international trade, following similar decisions … Read more
The Significance of the China-Ecuador Free Trade Agreement The signing of the Free Trade Agreement (FTA) between China and Ecuador marks a pivotal moment in the bilateral relations of these two nations. The FTA, inked on May 11, 2023, is poised to enhance the transparency, stability, and favorability of the business environment for enterprises operating … Read more
Increased Oilseed Supplies from Ukraine and Australia In the global commodities market, the law of supply and demand invariably holds sway. Recently, a significant surge in the delivery volumes of canola from Australia and sunflower from Ukraine to Europe has precipitated a dramatic drop in vegetable oil prices. According to the Australian Bureau of Statistics, … Read more
US Soybean Futures Trend Downward Despite significant improvements in sowing rates and burgeoning supplies from Brazil, soybean futures in the United States persist on a downward trajectory. As observed on the Chicago exchange recently, July soybean futures dipped by 0.7% to $515.9/t, marking a 5% reduction for the month. The November futures were also impacted, … Read more
As global markets continue to adjust to changing conditions, the dynamics of vegetable oil prices have seen significant fluctuations. Recently, Egypt’s GASC (General Authority for Supply Commodities) has taken advantage of these shifts, securing sunflower and soybean oil at substantially reduced prices compared to just a few months ago. GASC’s Tender for Vegetable Oils Earlier … Read more
