Will Thailand beat Indonesia to offer Asia’s first digital nomad visa? Many digital nomads in Asia are working illegally. Photo: Shutterstock The 21st century will be the millennium which resurrects for humans a dilemma which has been dormant for 10,000 years - humans will be able to ask themselves: Am I a Nomad or a Settler? wrote tech pioneer Tsugio Makimoto and author David Manners in their 1997 book, Digital Nomad, which presented theories on how technology would change our working lives and introduced us to the now ubiquitous term used as the title.
In the decades since, digital nomads - loosely defined as location-independent remote workers who rely only on a decent internet connection to do their job - have gone mainstream, and for many footloose e-lancers, Asia is the region of choice. Ask any search engine which countries are best for digital nomads and Indonesia (read: Bali) and Thailand often come out on top.
Guangzhou exchange kicks off, offering a hedge for carbon emissions trading in China s 2060 climate change goal
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April 20, 2021, 2:30 AM·4 min read
The exchange, officially opened on Monday by Yi Huiman, chairman of the China Securities Regulatory Commission (CSRC) in the Nansha district of the Guangdong provincial capital. The exchange is the fifth financial market place in China for trading futures. The CSRC will lead the Guangzhou Futures Exchange to develop products, systems, and innovative technology to establish a futures market that can serve the real economy and green development, according to an article in the state-owned
Guangzhou Daily newspaper, posted on the Guangzhou government s website, adding that carbon emissions futures, climate-related products and commodities index futures would be considered.
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Mahathir warns king Covid-19 emergency order is turning Malays against him Malaysia’s former Prime Minister Mahathir Mohamad says the Covid-19 emergency order has turned the country into a ‘dictatorship’. Photo: Reuters
Malaysia s former leader Mahathir Mohamad on Tuesday urged the country s king to revoke a Covid-19 state of emergency, saying the royal order - made in January on the advice of the government - was uncharacteristically turning the country s Malays against its royal families.
The emergency powers granted to Prime Minister Muhyiddin Yassin and the suspension of parliament had transformed the country into a dictatorship , the 95-year-old said.
Online brokerage platform Futu Holdings has launched a follow-on sale of new shares on Nasdaq to raise about US$1.9 billion, according to a person familiar with the transaction, as it seeks new funding to expand its margin financing business amid cutthroat competition. The brokerage, whose name means "path to wealth" in Chinese, offers online trading service of Hong Kong, Chinese and US stocks. It is selling 9.5 million American depositary shares, with an overallotment option to offer another to 1.43 million shares to meet strong investors demand. The final offer price will be determined on Wednesday. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Bank of America and Haitong International are joint bookrunners of the deal. They were not immediately available for comment. Futu Holdi
Yuan internationalisation goal ‘is not to replace US dollar’, top China banking official insists Last week, a senior Bank of Japan official downplayed the potential for China’s digital yuan to threaten the US dollar’s position as the world’s main reserve currency. Photo: Reuters
China has played down US concerns about its ambitions for the yuan, with the new deputy governor of the People s Bank of China (PBOC) insisting our goal is not to replace the US dollar or any other international currency .
The gathering momentum of China s digital currency efforts has caught the attention of various American officials, with the US Treasury, State Department, Pentagon and National Security Council reported to be bolstering their efforts to understand the potential implications of a digital yuan.