Not only is Thailand the oldest treaty ally of the United States in Asia, Bangkok is the first city that Washington, D.C. established a sister city relationship with back in February, 1962. D.C. Mayor Vincent Gray and Governor of Bangkok Sukhumbhand Paribatra commemorated the 50th anniversary of the Washington, D.C.-Bangkok sister city relationship with a signing ceremony on Friday, May 18.
State Department Special Representative for Global Intergovernmental Affairs Reta Jo Lewis spoke at the event about linking opportunities for cultural and business development between the two capital cities. Mayor Gray said “There’s fertile territory here for us to develop a business relationship.”
Clear skies over Asia’s new foreign investment landscape?
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.(more…)
How higher US bond yields will impact Asia Pacific bonds
As financial markets started pricing in stronger US economic growth and inflation because of Joe Biden’s stimulus plan, US bond yields have risen, causing ripple effects across the world, including in APAC.
Following the rise in US bond yields in response to Joe Biden’s stimulus plan and amid higher inflation in some economies, Asia Pacific bond yields have risen significantly as well, especially in Southeast Asia, India, Hong Kong, and Australia. However, Northeast Asian bond yields have risen little.(more…)
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