Which Countries Have the Most Economic Influence in Southeast Asia?

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May 16, 2024 Graphics/Design:

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Countries With the Most Economic Influence in Southeast Asia

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This chart visualizes the results of a 2024 survey conducted by the ASEAN Studies Centre at the ISEAS-Yusof Ishak Institute.

Nearly 2,000 respondents from 10 countries were asked to select which country/region they believe has the most influential economic power in Southeast Asia.

The countries surveyed are all member states of the Association of Southeast Asian Nations (ASEAN), a political and economic union of 10 countries in Southeast Asia.

Southeast Asia Perceptions: Who’s Got Economic Influence?

Across all ASEAN nations, China is regarded as the region’s most influential economic power.

Laos and Thailand had the highest share of respondents picking China, at 78% and 71% respectively. As the report points out, China is Laos’ largest foreign investor as well as its top export market.

Country🇨🇳 China🌏 ASEAN🇺🇸 U.S. 🇧🇳 Brunei64%18%8% 🇰🇭 Cambodia60%11%20% 🇮🇩 Indonesia54%28%8% 🇱🇦 Laos78%8%8% 🇲🇾 Malaysia67%17%9% 🇲🇲 Myanmar60%7%20% 🇵🇭 Philippines31%26%28% 🇸🇬 Singapore60%15%21% 🇹🇭 Thailand71%9%11% 🇻🇳 Vietnam53%29%11%
Note: Percentages are rounded.

Other ASEAN countries usually score highly as well, along with the United States.

It’s only in the Philippines, where China (31%), the U.S. (28%) and ASEAN (26%) were perceived as having a similar amount of influence.

ASEAN, Japan, and the EU

Filipinos also rated Japan’s economic influence the highest (9%) compared to those surveyed in other ASEAN countries. In 2023, the Southeast Asian bloc celebrated 50 years of friendship with Japan, marking it as one of their most important “dialogue partners.”

Country🇯🇵 Japan🇪🇺 EU🌐 Other 🇧🇳 Brunei3%1%7% 🇰🇭 Cambodia1%5%3% 🇮🇩 Indonesia5%1%3% 🇱🇦 Laos1%4%1% 🇲🇾 Malaysia4%0%2% 🇲🇲 Myanmar6%6%2% 🇵🇭 Philippines9%4%3% 🇸🇬 Singapore3%0%2% 🇹🇭 Thailand3%4%4% 🇻🇳 Vietnam3%3%2%
Note: Percentages are rounded. Other countries include: Australia, South Korea, India, and the UK.

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Comparing New and Current U.S. Tariffs on Chinese Imports

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U.S. Announces New Tariffs On A Range of Chinese Goods

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

This week, the U.S. introduced a new series of tariff increases on Chinese imports, amounting to over $18 billion worth of goods.

In the announcement, President Biden said they are aiming to “counter China’s unfair trade practices” by targeting specific sectors where the U.S. is boosting domestic production.

This graphic shows the new and current U.S. tariff rates set on a variety of Chinese imports.

Tariff rates and implementation years for the new rates come from The White House’s May 14 press release announcing the new tariff rate increases. Implementation years for the current rates comes from the Office of the United States Trade Representative (USTR) and United States International Trade Commission (USITC).

Tariff Raises on China Hit EV and Medical Industries

Below, we show the current and new tariff rates, as well as the implementation years for both, for a range of Chinese imports, as of May 14, 2024.

ImportCurrent rateNew rateImplementation year (current rate)Implementation year (new rate) Electric vehicles (EVs)25%100%20182024 Semiconductors25%50%20182025 Solar cells25%50%20182024 Syringes and needles0%50%N/A2024 Some steel and aluminium products*†7.5%25%20192024 Lithium-ion EV batteries7.5%25%20192024 Lithium-ion non-EV batteries*7.5%25%20192026 Battery parts*7.5%25%20192024 Some personal protective equipment (PPE)*†7.5%25%20192024 Rubber medical and surgical gloves*7.5%25%20192026 Natural graphite and permanent magnets0%25%N/A2026 Other critical minerals0%25%N/A2024 Ship-to-store cranes0%25%N/A2024

†Current rate for steel and aluminium products and personal protective equipment ranges from 0 to 7.5%.

*Tariffs implemented in 2019 started at 15% and were reduced to 7.5% in January 2020

The U.S. directed many of its new tariff increases on the Chinese EV industry, targeting imports such as semiconductors, lithium-ion batteries, and other battery parts.

Notably, tariffs on electric vehicles from China were bumped to 100% and new tariffs on certain critical minerals, which are essential for manufacturing battery parts and semiconductors, were introduced.

Medical-related products, such as medical and surgical gloves and certain

Canada Goose jumps 16% after the company reports growth surge in China

Canada Goose shares soared 16% on Thursday after reporting fiscal fourth-quarter earnings. The company also announced it was expecting year-over-year sales growth for fiscal year 2025. Canada Goose announced earlier this year that it was going to cut 17% of its corporate workforce. Chris So | Toronto Star | Getty Images

Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced it was expecting year-over-year sales growth for fiscal year 2025.

Here’s how the company did:

Earnings per share: 5 Canadian cents, which may not compare with estimates of 7 Canadian cents Revenue: CA$358 million (US$263 million), which may not compare with the CA$315.5 million (US$232 million) expected by LSEG.

Revenue increased 22% from the same period a year ago.

Neil Bowden, Canada Goose’s chief financial officer, said on an earnings call with analysts that store comparisons were “relatively flat,” but year-over-year sales growth for the period was led by locations in Greater China — the region comprising Mainland China, Hong Kong, Macau and Taiwan — which saw a 29.7% increase. The broader Asia-Pacific region excluding Greater China was up 29.1%, and North American sales saw an increase of 24.5%.

Net income for the fiscal fourth quarter ended March 31 swung to CA$7.6 million, or 5 Canadian cents per share, from a loss of CA$10 million, or 3 Canadian cents per share, in the year-earlier period.

Bowden said the growth was supported by domestic shopping on the Chinese mainland, as well as mainland tourists driving “strong growth” in Hong Kong and Macao.

Online and in-store sales for the period, he added, were “bolstered by the company’s Lunar New Year marketing campaign and complemented by a longer peak selling period, given the later date of the Lunar New Year compared to last year.”

Moving forward, the finance chief said the company is expecting mid-single-digit percentage revenue growth the next fiscal year, which he expects will be guided by advances in the direct-to-consumer business. He also said he expects comparable store sales to grow “somewhere in the low single digits.”

Bowden said Canada Goose’s business increase in China and Asia Pacific over the past three months is in line with the view of mid-single-digit growth for the luxury business. North America, however, has been under “a

CNBC

Private Equity Wire European Credit Awards 2024 winners announced

The winners of the Private Equity Wire European Credit Awards 2024, which recognise fund performance and service provider excellence across credit funds, were announced at an exclusive ceremony and networking event today (16 May), at etc.venues, County Hall, London.

Voting for the awards was conducted via an online poll of the entire Private Equity Wire userbase, with participants asked to make their choice from a short-list of firms in each category.

Pre-selection data for the managers awards was provided by Bloomberg, based on annualised returns over the 12 months from 1 January – 31 December 2023, and for the service provider awards, on a survey of more than 100 credit fund managers and other key industry participants.

The winners are:

Managers

Credit Hedge Structured Credit Fund of the Year – Alegra Capital AG (PvB Alegra CLO Fund)
Credit Hedge Direct Lending Fund of the Year – Altana Wealth Ltd (Altana Specialty Finance)
Credit Hedge Multi-Strategy Fund of the Year – Axiom Alternative Investments Sarl (Axiom Alternative Funds SICAV-RAIF – Axiom Credit Opportunity)
Credit Hedge Credit Long/Short Fund of the Year – Blueglen Investment Partners Ltd (Blueglen European Credit Fund I)
Credit Hedge Emerging Market Debt Fund of the Year – GML Capital LLP (Growth Credit Fund IC)
Performance of the Year – Over $1 Billion Debt/Loans – Hayfin Capital Management LLP (Hayfin Direct Lending Fund III SCSp)
Credit Hedge Long/Short Fund of the Year under $500M – Hellebore Capital Ltd (Hellebore Credit Arbitrage)
Performance of the Year –  Debt/Mezzanine – ICG (ICG Europe Mid-Market Fund SCSp)
Performance of the Year – Over $1 Billion Debt – Pemberton Capital Advisors LLP (Pemberton Strategic Credit Opportunities Fund II)
Performance of the Year – Under $1 Billion Debt – Pantheon Ventures Ltd (Pantheon Credit Opportunities Fund II)
Performance of the Year – Under $1 Billion Debt/Loans – Pantheon Ventures Ltd (Pantheon Credit Opportunities Fund II)
Distressed Debt/Special Situations Fund of the Year – Shiprock Capital Management Ltd (Shiprock Capital Master Fund LP)
Performance of the Year – Debt/Special Opportunity – Signal Capital Partners Ltd (Signal Alpha II Fund LP)
Best Performance of the Year – Axiom Alternative Investments Sarl (Axiom Alternative Funds SICAV-RAIF – Axiom Credit Opportunity)
Credit Hedge Fund of the Year under $500M – Axiom Alternative Investments Sarl (Axiom Alternative Funds SICAV-RAIF – Axiom Credit Opportunity)
Best RE Debt Fund – Frux Capital (Frux Debt Fund II)
Best Mezzanine Fund – ICG (ICG Europe Fund VII)
Best Other Private Debt Fund – Inveready Asset Management (Inveready Venture Finance III)
Best

GSK sells off remaining stake in Haleon

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The surprising data behind supercentenarians

If there is a Dog Heaven, what must Bobi be thinking as he gazes down? Bobi’s place in the record books seemed assured when he died in October at the age of 31 years and 165 days — more than two years older than his closest rival for the title of the oldest dog who ever lived. Alas, Guinness World Records has stripped Bobi of his record on the basis that “without any conclusive evidence available to us . . . we simply can’t retain Bobi as the record holder”.

If we cannot believe that Bobi the dog was really as old as was claimed, what are we to make of the claimants to human longevity records? The oldest human ever was Jeanne Calment, who died in 1997 at the age of 122, having met Vincent van Gogh when she was a teenager in Arles in 1888. (Calment recalled that van Gogh was “very ugly. Ugly like a louse.”)

To demonstrate such claims requires good records, which is a problem, because the key fact that needs to be verified — a date of birth — only becomes interesting to most observers a century or so after the event in question. By definition all surviving supercentenarians (110 years and up) were born before the first world war.

“No single subject,” the Guinness Book of Records declared in 1955, “is more obscured by vanity, deceit, falsehood and deliberate fraud than the extremes of human longevity.”

Saul Newman, a demographer at Oxford university, has examined the data describing the population of semi-supercentenarians (aged 105 or more) and of supercentenarians. What might predict such extraordinary longevity? Eating plenty of vegetables, perhaps — or a strong social network?

No. In the UK, Italy, France and Japan, Newman finds instead that “remarkable longevity is . . . predicted by regional poverty, old-age poverty, material deprivation, low incomes, high crime rates, a remote region of birth, worse health”. You read that right. They are all factors that are associated with worse population health and a lower probability of reaching 90.

It seems that the very environments that are least conducive to health are the places where people with claims to astonishing longevity pop up. Tower Hamlets — by several measures the most deprived borough in London — also has the highest proportion of supercentenarians.

Another example is Okinawa. Some parts of Okinawa are super-longevity hotspots for Japan, but

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Mining Linked to Human Rights Abuses

Investors, companies urged are being urged to increase their focus on the social impacts of the climate-critical sector.

Investors, companies urged are being urged to increase their focus on the social impacts of the climate-critical sector.  Natural minerals underground are essential to the world’s energy transition, but new research has found that their extraction was linked to a surge in human rights-related abuses by mining companies.   International NGO…

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