DUBLIN — Most East Asian countries “innovate less than would be expected given their per capita income levels” and could therefore struggle to sustain recent economic growth, according to the World Bank. Countries in the region are dogged by “insufficient staff skills and limited financing options,” the bank said in a report published late Tuesday, with firms often seeming wary of investing in innovation because “policies and institutions are often not aligned with firms’ capabilities and needs.” Lower-than-expected innovation could lead to questions about “whether the region’s past model of development can continue to deliver rapid growth and poverty reduction,” the bank said.
DUBLIN — The novel coronavirus pandemic has facilitated government-backed “economic opportunism” in the world’s rainforests, according to a report published on Thursday. Authorities in Brazil, Colombia, the Democratic Republic of the Congo, Indonesia and Peru “have set aside social and environmental safeguards in favour of destructive development projects that are harming indigenous communities,” said the Forest People’s Programme, a British-based organization that works with indigenous people’s representatives in dozens of countries.
DUBLIN — A bar in the west of Ireland is reopening on Thursday evening as the country’s “first Covid free pub,” with drinkers being tested for the novel coronavirus before entry.cAccording to Eileen’s Bar, a pub in the village of Aughamore, a two-and-a-half-hour drive from capital Dublin, customers must first wait at “a designated area” where they are “tested for Covid by a trained tester.” Announcing the reopening in a Tuesday Facebook post, pub owner Donal Byrne said only regular patrons will be permitted entry and then only after testing negative – but with the promise that they can “enjoy a drink in the testing area” while waiting for the result.
DUBLIN — Chinese President Xi Jinping told Asia-Pacific leaders – including US President Donald Trump – on Friday that Beijing will “give positive consideration to the idea of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).” The CPTPP is the revised version of the Trans-Pacific Partnership (TPP), a regional trade deal promoted by the US during the 2008-16 Obama administration. The US withdrew from the TPP shortly after Trump took office in early 2017, prompting the 11 other signatories to rewrite the agreement, which Britain is also interested in joining. Xi and Trump were taking part in the Asia-Pacific Economic Cooperation (APEC) summit, which is being hosted by Malaysia, but taking place by video link due to the coronavirus pandemic.
DUBLIN — Mention of a breathalyzer typically evokes images of a bedraggled five o’clock shadow peering bloodshot-eyed through a driver’s window after being pulled over by police. That could change if a new test for the novel coronavirus gets a second wind after successful first-round trials.. According to a Tuesday statement by the National University of Singapore (NUS), the device, which resembles a drink-driving breathalyzer, generates a result in around 60 seconds. The outcomes, which NUS reports as having proven 90 per cent accurate among the 180 people tested, “are generated in real-time” by analysis of “Volatile Organic Compounds” in a person’s breath. Jia Zhunan, doctor and chief executive officer of NUS spin-off company Breathonix, said the test is “is easy to administer,” needing neither trained staff nor laboratory processing.
DUBLIN — A lorry container became a “tomb” for 39 Vietnamese migrants who suffocated while being smuggled into Britain in 2019, a jury at the Central Criminal Court of England and Wales was told on Wednesday. “Obviously, any time you fill an airtight container with a large number of people, where they will be left for hours and hours … it is fraught with danger,” said prosecution lawyer Bill Emlyn Jones. British resident Gheorghe Nica and Irish lorry driver Eamonn Harrison face 39 counts of manslaughter and one count of conspiracy to assist illegal immigration. Valentin Calota, also listed as a British resident, and Christopher Kennedy, from Northern Ireland, face the latter charge, to which Nica pleaded guilty ahead of the trial. The 39 bodies were discovered in the container after it was parked in an industrial estate in Essex in October 2019. The container had been taken by road from Dunkirk in France to Zeebrugge in Belgium, from where it was put on a Britain-bound ferry.
DUBLIN — Video-sharing app TikTok will invest 420 million euros (500 million dollars) in a European data storage centre in Ireland, the company announced on Thursday. The proposed hub will house European user data, according to Roland Cloutier, TikTok’s global chief information security officer, who said the move will strengthen “safeguarding and protection of TikTok user data” in a “state of the art physical and network security defence system.” Cloutier said “hundreds” of jobs will be created – an announcement welcomed by IDA Ireland, the state investment promotion agency, as “good news.” IDA Ireland Chief Executive Officer Martin Shanahan said IikTok’s statement “postions Ireland as an important location in the company’s global operations.” Banned in China, US online giants Facebook, Google and Twitter have substantial operations in low-tax Ireland.
KUALA LUMPUR — Singapore’s Prime Minister Lee Hsien Loong fears rising tensions between the US and China could undermine security and economic growth across Asia and called on both sides to pull back from confrontation. Lee flagged his concerns in an article titled “The Endangered Asian Century” published in the US journal Foreign Affairs, which has a history of running watershed essays by policymakers involved international relations.Fearing that smaller Asian countries could be forced to take sides if intransigence grows between the world’s two biggest economies, Lee called for cooperation between the US and China, even as tensions rise over the coronavirus pandemic, trade, the disputed South China Sea, Taiwan and Hong Kong. “The two powers must work out a modus vivendi that will be competitive in some areas without allowing rivalry to poison cooperation in others,” Lee implored.
KUALA LUMPUR — Malaysia’s exports dropped 23.8 per cent year-on-year in April, the biggest fall for South-East Asia’s third richest economy since the height of the global financial crisis more than 10 years ago. The government’s chief statistician Mohd Uzir Mahidin said on Thursday that April exports tallied “the largest decline since September 2009,” a slump he put down to Malaysia’s economy largely closing from March 18 to May 4 during a strictly-enforced lockdown aimed at stemming a rise in new coronavirus cases. Malaysia’s total trade for April fell 16.4 per cent, which the Ministry for Trade and Industry said was due to “major disruptions to global supply chain” caused by the pandemic. Key sectors such as oil and liquefied natural gas shrank by over 20 per cent each as global demand receded and prices fell. Also down by a fifth were electrical and electronics exports, hit hard by disruptions to global supply chains.
KUALA LUMPUR — Commerce in Singapore hit a new low in May due to the coronavirus pandemic and worldwide lockdowns, going by a widely-cited business yardstick published on Wednesday. The IHS Markit Purchasing Managers’ Index (PMI) – based on a survey of 400 businesses about new orders, output, employment, suppliers’ delivery times and stocks of purchases – dropped to 27.1 during May. Any reading below 50 suggests economic contraction. IHS Markit said that the decline was because “demand for goods and services plummeted at an unprecedented rate” due to the pandemic. The impact of a lockdown that ran from April 7 until Tuesday saw new orders collapse in May – when “firms remained firmly in retrenchment mode, reducing staff numbers and input purchasing.”