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Independent Singapore
15-05-2025
- Business
- Independent Singapore
22,000 global leaders to join ATxEnterprise 2025 in Singapore as Southeast Asia's ramps up AI and space innovation
Photo: ATxEnterprise SINGAPORE: A total of 22,000 global tech, policy, and business leaders will be joining ATxEnterprise (ATxE) 2025 on May 27 to 29, as announced in a press release on Wednesday (May 14). The three-day event, organised by the Infocomm Media Development Authority (IMDA) and Informa Festivals, with support from the Singapore Tourism Board (STB), will feature two major conferences—The AI Summit Singapore and SatelliteAsia. The SatelliteAsia 2025 full-day programme, which will be presented in partnership with Singapore Space & Technology Ltd. (SSTL) and the Global Satellite Operators Association (GSOA) for the first time, will highlight Southeast Asia's most pressing opportunities and challenges in the satellite and space sectors. Jeremy Chan, Chairman of SSTL, said, 'As space-based technologies shift from specialised infrastructure to mainstream enablers of connectivity, climate resilience, and digital equity, Southeast Asia has a unique opportunity to lead in translating space innovation into real-world outcomes.' Confirmed speakers for SatelliteAsia 2025 include: Dr Kartik Sheth, Former Associate Chief Scientist, NASA Brandon Seir, Chief Commercial Officer, Kacific Broadband Satellites Candace Johnson, Founder/Co-Founder SES, Loral-Teleport Europe; Chair Advisory Board and Partner Seraphim Space; Founding Vice Chair and Board Member NorthStar Earth & Space Dr Raha Hakimdavar, CEO, Zyon Space Dr Victor Khoo, Director, Survey Geomatics Division, Singapore Land Authority Hidetaka Aoki, Co-Founder & Director, Space Port Japan Rika Nakazawa, Chief Commercial Innovation, NTT Glenn Katz, Chief Commercial Officer, Telesat Irina Petrov, VP MarCom & Membership, GSOA Lilac Muller, SVP of Product Development, Kymeta Nathan de Ruiter, Partner & Managing Director, Novaspace Jean Philippe Gillet, SVP, Media, Mobility and Network, Intelsat Don Claussen, CEO, ST Engineering iDirect Meanwhile, the AI Summit Singapore will dive into artificial intelligence (AI) challenges, including compliance and governance amid accelerating AI deployment in government and businesses. The conference will also showcase intelligent systems in industries like healthcare, finance, manufacturing, and telco, as well as explore innovation in natural language processing and quantum AI. Rory Crone, Senior Director of Marketing, The AI Summit Series, said, 'The AI Summit Singapore convenes the region's most influential enterprises, researchers and policymakers to drive AI innovation forward. Through real-world strategy sharing and critical discussions on regulatory frameworks, the summit champions responsible AI adoption across Asia. ' Confirmed speakers for The AI Summit Singapore include Priyanka Deva, Director at MSD; Hemachan Kanna, Director of AI Research at Woxsen University; Kashyap Chandrasekar, Global Director of Robotics at Dyson; and Isaan Bustamante from the Smart Factory Robotaxi team at Motional. Now in its fifth year, ATxEnterprise 2025 will be awarding the Enterprise Tech Awards for the first time to recognise leadership and excellence in digital transformation across the region. High-level closed-door forums, including the CISO Tech Briefing and Enterprise Tech Leaders Forum, will bring senior executives and regulators together to align on strategy and share learnings. A full-scale exhibition featuring TechXLR8 Asia, CommunicAsia, and BroadcastAsia will run alongside the conferences. /TISG
South China Morning Post
24-04-2025
- Business
- South China Morning Post
Unpredictable Donald Trump leaves China struggling to respond to US foreign policy
Nearly 100 days in, Donald Trump's second term as US president has been defined by his determination to upend the established order on nearly all fronts of domestic and foreign policy. In the third of this series , we look at China's pacing challenges amid the American leader's evolving responses to Ukraine, the Middle East and other conflict areas. Advertisement China is struggling to get a fix on US foreign policy under the capricious Donald Trump administration as it navigates a cold war on the trade front and the shifting dynamics of hot wars in Ukraine and the Middle East , analysts said. Despite China's stated desire to become a bigger geopolitical player on the world stage, few expect Beijing to take the lead on negotiating peace terms in either conflict. Rather, look for it to follow its traditional playbook: remain on the sidelines, react to events, take easy wins when Washington falters and wait for a ceasefire to grab a major share of reconstruction contracts. 'It's very unlikely that China will use that kind of leverage,' said Jeremy Chan of the Eurasia Group, a risk consultancy. 'To turn off the tap overnight could have a huge impact on Russia 's ability. But they've shown for 20 years they're not willing to do that with North Korea . It's all part of a broader pattern.' Advertisement By some estimates, rebuilding could cost US$1.1 trillion in Ukraine and US$80 billion in Gaza – a strong enticement for China's limping economy
Yahoo
07-02-2025
- Business
- Yahoo
The USAID shutdown could make China more powerful. Beijing is already pouring billions into countries around the world.
The end of USAID could mean more space for China to expand its global influence. The agency "assists US commercial interests," the nonpartisan Congressional Research Service said last month. Most of China's global investments come through the Belt and Road Initiative, not through aid. The abrupt shuttering of the US Agency for International Development — a process the White House put into motion this week — is likely to benefit China on the world stage. "The chaotic end of USAID will undoubtedly rebound to China's benefit, even if it is unlikely to change Beijing's international development strategy in the short term," Jeremy Chan, a senior analyst on the China and Northeast Asia team at risk consultancy Eurasia Group, told Business Insider. If USAID is shuttered, "there may be opportunities for other aid givers like China to exert soft power influence through dispensing aid," said Tai Wei Lim, a professor specializing in the political economy of Northeast Asia at Japan's Soka University. USAID spent $32.5 billion in fiscal year 2024. Exact figures for China's foreign aid spending aren't fully public, but estimates from Japanese academics put the country's 2022 spend as high as $7.9 billion. While China is far from the US's clout in terms of aid, the East Asian giant has been trying to expand its influence — politically and economically — beyond its shores, namely through its Belt and Road Initiative, as its economy remains in a long downturn. Concerns about America's positioning without USAID come amid intensifying geopolitical rivalry between the world's two largest economies. On Tuesday, US President Donald Trump's administration slapped a 10% tariff on all Chinese goods — on top of prevailing levies. In response, China announced retaliatory tariffs on targeted US goods, including crude oil and machinery. President Donald Trump and Elon Musk have called USAID wasteful and unaligned with American values. Nearly all USAID staff will be put on administrative leave starting Friday at midnight. Founded at the Cold War's height, USAID has never operated as a purely altruistic agency. USAID works with "strategically important countries" and "assists US commercial interests" by helping countries develop economically, per a report from the nonpartisan Congressional Research Service last month. Some US politicians have argued that USAID — or a similar aid program — is essential to matching China's foreign aid and investment efforts. About half of USAID's 2024 spending went to humanitarian purposes or health and population purposes, such as funding HIV programs. USAID has long garnered bipartisan support. In 2022, then-Sen. Marco Rubio — now the Secretary of State — asked then-President Joe Biden to use his coming budget requests for USAID and other government agencies to counter China's "expanding global influence." Now, politicians from both parties are highlighting the agency's role amid its uncertain future. All US foreign aid accounts for about 1% of the federal budget. "Our assistance abroad helps fight disease and stop starvation and famine, but it's also a tool to stave off the expansionist reach of authoritarian leaders in China, Russia, and Iran," Democratic New Jersey Sen. Andy Kim told Bloomberg earlier this week. "I have felt for a long time that USAID is our way to combat the Belt and Road Initiative, which is China's effort to really gain influence around the world, including Africa and South America in the Western Hemisphere," Republican Mississippi Sen. Roger Wicker told reporters on Tuesday. For more than a decade, China has championed its flagship Belt and Road Initiative infrastructure project, through which Beijing has spent more than $1 trillion on gas pipelines, trains, and other trade and infrastructure projects globally. Much of the financing has been in the form of loans to the countries involved. China has said BRI programs come with no political strings attached. However, critics say China is trying to ensnare developing countries into debt traps — thus boosting Beijing's political leverage over debtor countries. The China-based Green Finance & Development Center estimates that between 145 and 149 countries — around three-quarters of the world's total nations — are directly involved in BRI projects or have indicated interest in cooperating. An analysis of 2023 data, the most recent year available, from the Green Finance & Development Center based at China's Fudan University showed how aid was geographically disbursed. At the country level in 2023, China invested most heavily through BRI in Indonesia at $7.3 billion, followed by Hungary at $4.5 billion and Peru at $2.9 billion. In Africa — where nearly every country has received Chinese investments — new roads, railways, and ports have been constructed over the last 10 years, while billions have been invested in energy infrastructure projects to give more residents electricity. China overtook the US as Africa's largest trading partner in 2009. Africa typically imports electronics, machinery, and manufactured goods from China and exports fuel and metals. In Asia, China has invested in new ports in Sri Lanka, high-speed rail in Indonesia and Saudi Arabia, and infrastructure projects in Uzbekistan. In September, Chinese leader Xi Jinping said China would commit over $50 billion to Africa in financial aid. This was intended to strengthen Beijing's relationships with developing countries amid tensions with the US and other Western nations. To be sure, China's aid efforts are likely not able to match the gargantuan hole left by USAID in the short term. Beijing has also moved its BRI focus from mega infrastructure deals to what it calls "small and beautiful" projects, analysts told BI. But Beijing could shift its emphasis increasingly eastward, particularly to Africa and Southeast Asia, said Eurasia Group's Chan. China is already winning some clout from the abrupt potential shutdown of USAID. "China looks like the good guy on the international stage simply by doing nothing," Chan told BI. "While Beijing's calls for stronger multilateral cooperation, more free trade, and improved global governance at the UN and Davos will do little to actually further multilateral solutions to pressing global issues — such as the conflicts in Gaza and Ukraine, supply chain resilience, or AI governance — China will win points at the US's expense by at least keeping up appearances of being a responsible global stakeholder," he said. Read the original article on Business Insider
Yahoo
05-02-2025
- Business
- Yahoo
China's rapid tariff response shows Beijing is ready for Trump
China retaliated with its own tariffs minutes after the US's tariffs went into effect on Tuesday. The quick but measured response suggests that China has been strategic. Tariffs on Mexico and Canada were delayed by a month after both countries struck a deal with Trump. Beijing's announcement of retaliatory tariffs on US goods arrived on Tuesday. The news came fast, but with less punch than expected. "China's tariffs are relatively measured and not symmetrical in scale, touching only an estimated $20 billion in US exports, compared with the more than $500 billion in Chinese exports that will be affected by US across-the-board tariffs," said Jeremy Chan, a consultant for Eurasia Group. But analysts told Business Insider that the targeted and calibrated nature of the response doesn't mean Beijing is backing down. "Clearly this is premeditated," Louise Loo, the lead economist for Greater China at Oxford Economics, told Business Insider. The "carefully curated lists on specific goods simply imply, in our view, that China is prepared to retaliate as and when, rather than back down on aggressive tariffs from the US," she said. Trump is dealing with a China that's showing restraint. Beijing has been calculated, strategic, and measured in its response, economists and foreign policy analysts told BI. "China normally waits until measures are implemented, not when they are announced, to retaliate," said Eurasia Group's Chan. "In this instance, Beijing announced its response within minutes of the 10% tariff hike going into effect, showing that it was prepared." Trump kicked off his trade war with China back in 2018, imposing tariffs on imports from China, like steel and aluminum. That resulted in a series of tit-for-tat responses between the US and China. Austin Strange, an associate professor at the University of Hong Kong's department of politics and public administration, told BI that China's quick reaction shouldn't come as a surprise. Leaders have "hindsight from dealing with highly unpredictable policies during Trump's first term," he said. The specific categories on China's tariff list were no accident. "The restrictions on China exports of key minerals — iridium, molybdenum, etc. — is meant to retard development of a few strategic industries in the US, including solar panels, sophisticated weapons, and batteries," said Thierry Wizman, a global foreign exchange and rates strategist at Macquarie Group. China's response to Trump's opening move was relatively measured, the analysts who spoke to BI agreed. Chris Fasciano, the chief market strategist at Commonwealth Financial Network, said China's response seemed "designed to send a message" while not causing "too much damage." "Through this lens their tariff response seems to be moderate in nature compared to the blanket 10% tariffs implemented by the Trump administration," Fasciano said. China's tariffs included agricultural machinery, but not agricultural products. In 2018, China slapped 25% tariffs on US soybeans, beef, pork, wheat, corn, and sorghum imports to retaliate against Trump's tariffs. China imported around $34 billion worth of US agriculture goods in fiscal year 2023. Ian Ja Chong, an associate professor at the National University of Singapore, told BI that China's "more calibrated" opening move leaves room for "heavier measures later on." "It suggests that Beijing may be ready to negotiate. Whether what each side offers the other is good enough is another matter altogether," Chong said. These Trump-term tariffs are also hitting the Chinese economy in the midst of a prolonged downturn, which leaves Beijing with less wiggle room for retaliation. To be sure, US tariffs on China did not go away when Trump completed his first term in 2021. Then-President Joe Biden maintained Trump's tariffs and even expanded them. In May, Biden announced tariffs on $18 billion of Chinese goods. Besides targeting steel, aluminum, and medical products, Biden also raised tariffs on Chinese electric vehicles from 25% to 100%. Against the combative backdrop of strategic geopolitical rivalry, Beijing has to show that it, too, can play the game. "China has no choice but to be aggressive. The measures can always be reversed anyway, so it makes sense to be aggressive," Macquarie's Wizman said. Read the original article on Business Insider
