by chung chinyi | May 23, 2025 | Uncategorized
The Golden Dome Project: Trump announced a space-based missile defence shield using hundreds or thousands of satellites Initial funding of $25 billion proposed, with total costs estimated at $175 billion (though likely much higher) Promises “close to 100%...
by chung chinyi | May 23, 2025 | Uncategorized
The Core Problem The US faces a dangerous combination of massive tax cuts (extending 2017 cuts at a cost of $3.8-5.2 trillion over 10 years) with no credible funding mechanism. This is happening against a backdrop of already elevated deficits (6.4% of GDP) and record...
by chung chinyi | May 23, 2025 | Uncategorized
Rapid Legal Changes: The speed of implementation is remarkable – these subsidiary laws were enacted within a day using a “negative vetting” process, bypassing the usual lengthy legislative review. This suggests authorities wanted to formalise and...
by chung chinyi | May 23, 2025 | Uncategorized
Defining Shadow Banking in Singapore’s Context Shadow banking refers to credit intermediation and financial services provided by entities outside the traditional banking regulatory perimeter. In Singapore, this encompasses a diverse ecosystem including hedge...
by chung chinyi | May 22, 2025 | Uncategorized
Citigroup’s AI Initiative: Launched “Citi AI” tools for internal operations in Hong Kong Currently serves 150,000 employees across 11 countries Focuses on information retrieval, document summarization, and communication assistance Plans further...
by chung chinyi | May 22, 2025 | Uncategorized
The Balancing Act Challenge Malaysia’s abrupt backtracking on the Huawei AI project demonstrates the difficult position many countries find themselves in when caught between the US-China tech rivalry. With semiconductors accounting for 40% of Malaysia’s...
