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 — 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 — A “fast lane” for business and “essential” travel between Singapore and China will open next week, allowing some flights to resume between the two countries after a four-month hiatus due to the coronavirus pandemic, according to officials. A Singapore Foreign Ministry statement released late Friday said that travel will initially be allowed between Singapore and six Chinese cities and regions, including Shanghai and Guangdong. Though the two countries have reported the most coronavirus cases in East Asia, Singapore believes “the prevention and control of Covid-19 and the economic and social recovery” in both to have “entered a new phase.” While the majority of China’s 84,160 reported coronavirus cases were diagnosed early in the year – after the virus first emerged in the Chinese city of Wuhan before spreading around the world – Singapore’s caseload has increased 33-fold since April 1, with thousands of foreign workers infected.
KUALA LUMPUR — Wearing face masks at home can prevent pre-symptomatic transmission of the new coronavirus in households, according to a new study published in the British Medical Journal. The findings, based on interviews with Chinese families carried out by doctors and academics in Australia, China and the United States, suggest that “precautionary [non-pharmaceutical interventions], such as mask use, disinfection and social distancing in households can prevent Covid-19 transmission during the pandemic.” The authors contend that the research shows wearing masks at home to be “79-per-cent effective at curbing transmission before symptoms emerged in the first person infected.” The work was led by the Beijing Centre for Disease Prevention and Control and involved the School of Public Health at the University of Nevada and the University of New South Wales’ Faculty of Medicine.
KUALA LUMPUR — The International Monetary Fund (IMF) believes Asia’s fast-growing economies will “come to a standstill” due to the coronavirus pandemic, faring worse than during the 2008-9 global financial crisis or the 1997-98 Asian crash. The region will experience zero growth for the first time since the 1960s, said Chang Yong Rhee, director of the IMF’s Asia and Pacific Department, who forecast that the economic impact of the pandemic will be “severe, across the board, and unprecedented.” Speaking during a press conference live-streamed from Washington, Rhee said Asia faces “a crisis like no other” due to the pandemic, which has killed over 136,000 people worldwide and prompted governments to impose lockdowns that have hampered commerce. “Containment measures are severely affecting economies,” Rhee said.
KUALA LUMPUR – Malaysia’s rubber gloves manufacturers say they are gearing up to meet growing global demand for surgical and medical gloves spurred by the coronavirus pandemic and have appealed to the government not to curtail their operations during a partial lockdown scheduled to run from Wednesday until the end of March. “We shall re-strategize to ensure supply is adequate, at least to those severely affected areas,” said Denis Low, president of the Malaysian Rubber Glove Manufacturers Association (MARGMA), an industry association, in a Tuesday statement. Malaysia, the world’s biggest supplier of rubber gloves, has seen 673 confirmed cases of coronavirus and two deaths. A recent spike in cases prompted the government to state that most businesses – except shops like grocery and corner stores – would be forced to lock up during the lockdown.
KUALA LUMPUR — Singapore announced its 2020 budget on Tuesday, pledging 5.6 billion Singapore dollars (4.02 billion US dollars) to assist businesses and households affected financially by the coronavirus outbreak. Finance Minister Heng Swee Keat announced the measures in Singapore’s parliament, where he said another 800 million Singapore dollars will be allocated to support “frontline agencies” that are fighting coronavirus in the city-state, where 77 cases have been confirmed. Heng warned that “the outbreak will certainly impact our economy” and said that inbound tourism and air traffic had already dropped as Chinese outbound tourism plummets. Singapore Airlines announced on Tuesday that it was temporarily reducing flights “due to weak demand as a result of the Covid-19 outbreak.”
KUALA LUMPUR — A report published on Monday listed Malaysians as the biggest per capita users of plastic packaging in a region responsible for more than half the plastic litter in the world’s oceans. The report by the World Wide Fund For Nature (WWF) covers China, Indonesia, Malaysia, the Philippines, Thailand and Vietnam, which together account for “around 60 per cent of plastic debris entering the ocean.” The average Malaysian uses 16.78 kilograms of plastic packaging each year, according to WWF estimates, with Thailand next at 15.52 kg per person per annum. “Rapid economic growth has led to an immense increase in the use of plastic, especially for packaging consumer goods,” the WWF stated, linking plastic use with rising affluence across the region.
KUALA LUMPUR — Malaysia’s hopes of exporting 500 million ringgit (120 million dollars) worth of durian a year to China could be stalled by the deadly coronavirus outbreak that has killed more than a thousand people. With much of central China under lockdown and commerce slow to revive after the Chinese New Year, Malaysian growers are noticing falling demand and prices. “People are not working in parts of China, people are not going out, not spending – demand is down,” said Jimmy Loke, owner of Jimmy’s Durian Orchard in the region of Pahang, east of Kuala Lumpur. Prices in the region have dropped by “around a quarter” since the outbreak, Loke said.