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US Significantly Boosts Military Funding for SE Asia

The United States has announced a major increase in U.S. funding for military education and training programs in Southeast Asia.

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The United States has announced a major increase in U.S. funding for military education and training programs in Southeast Asia.

U.S. Defense Secretary Chuck Hagel made the announcement Sunday during a speech at the Malaysian Institute of Defense and Security in Kuala Lumpur. He said the latest Pentagon budget includes $90 million for the programs, an increase of more than 50 percent compared to four years ago.

The decision comes as Washington is shifting its strategic focus increasingly …

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US Significantly Boosts Military Funding for SE Asia

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China

Clear skies over Asia’s new foreign investment landscape?

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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.

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Banking

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.

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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.

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