4 h. ago Can foreigners lead Indonesia’s state firms and make them world

Indonesia is opening the door for foreigners to lead state-owned enterprises (SOEs), a landmark move that President Prabowo Subianto has said will bring international expertise to the country’s corporate sector, even as critics warn about a lack of oversight and accountability. Speaking during the Forbes Global CEO Conference in Jakarta last week, Prabowo said a law on SOEs had been revised to allow non-Indonesians to assume top positions in the sector with roughly 1,000 state firms. “I’ve...

Politics

1 week ago Philippines’ crumbling bridges hinder Marcos’ infrastructure clean

The collapse of two bridges in the northern Philippines just months apart has cast a harsh spotlight on the country’s ageing infrastructure and stirred renewed scrutiny of corruption in public works projects. While officials have pinned the latest incident on overloaded trucks, critics and engineering experts warn that poor maintenance and cost-cutting in construction may be to blame, potentially undermining President Ferdinand Marcos Jnr’s push to clean up the country’s infrastructure...

Politics

1 week ago Why Kenya’s swap of dollar loans for Chinese yuan offers more than debt relief

Kenya has converted its US dollar-denominated railway loans from China into the Chinese yuan, not only securing debt relief but also fitting into Beijing’s long-term goal of internationalising its currency. Analysts said the decision, announced by Kenya last week, paved the way for other debt-stressed African countries and could ultimately draw them closer to China. Kenyan Treasury Minister John Mbadi said on Tuesday that the country’s US$5 billion Chinese railway loans had been converted to...

Politics

1 week ago ByteDance founder Zhang Yiming makes rare appearance at Shanghai event

ByteDance founder Zhang Yiming on Friday made a rare public appearance in Shanghai to launch a talent incubator, as Washington and Beijing moved towards a deal for the popular short video platform TikTok to divest its US operations. Zhang, 42, spoke at the launch of the Zhichun Innovation Centre, which he jointly established with Shanghai Jiao Tong University computer science professor Yu Yong in April, according to a statement from the centre. The centre, which was founded with donations from...

Politics

2 w. ago One account, many concerns: Indonesia’s social media plan sparks alarm

A proposal to restrict Indonesians to just one account per social media platform has drawn strong criticism from digital rights advocates, who warn the move could stifle dissent, endanger privacy and undermine civil liberties in the world’s third-largest democracy. Analysts say the plan reflects a growing appetite within Indonesia’s political elite for greater control over the digital sphere, especially ahead of a changing political guard and rising online activism among youth. The idea first...

Events

2 w. ago 1 account, many concerns: Indonesia’s social media plan sparks alarm

A proposal to restrict Indonesians to just one account per social media platform has drawn strong criticism from digital rights advocates, who warn the move could stifle dissent, endanger privacy and undermine civil liberties in the world’s third-largest democracy. Analysts say the plan reflects a growing appetite within Indonesia’s political elite for greater control over the digital sphere, especially ahead of a changing political guard and rising online activism among youth. The idea first...

Events

3 w. ago Vance says Trump's TikTok deal will protect U.S. user data from China

Vance says Trump's TikTok deal will protect U.S. user data from China  qz.com

Politics

3 w. ago The TikTok Deal Is America’s White Flag in the Tech War With China

The TikTok Deal Is America’s White Flag in the Tech War With China  Foreign Policy

Events

3 w. ago Opinion | Why Trump’s TikTok deal will be music to China’s ears

Opinion | Why Trump’s TikTok deal will be music to China’s ears  South China Morning Post

Politics

3 w. ago Exclusive | Trump’s TikTok deal still worries GOP China hawks — but here’s why they’ll go along

Exclusive | Trump’s TikTok deal still worries GOP China hawks — but here’s why they’ll go along  New York Post

Politics

3 w. ago Trump’s TikTok deal won’t cut off China’s algorithm, but it could give a lot of people a big payout

Trump’s TikTok deal won’t cut off China’s algorithm, but it could give a lot of people a big payout  Fortune

Politics

3 w. ago TikTok deal looks like Oracle and the U.S. scored — but you can guess the real winner

TikTok deal looks like Oracle and the U.S. scored — but you can guess the real winner  MarketWatch

Politics

3 w. ago Trump signs TikTok order, world’s tallest bridge opens: SCMP daily highlights

Catch up on some of SCMP’s biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing. 1. Trump signs order saying TikTok sale meets US requirements US President Donald Trump has declared that a deal for TikTok satisfied the requirements of the US’ sale-or-ban law for the Chinese-owned short-video app, punctuating months of deliberations and years of angst in Washington over the app’s security implications. 2. US and Chinese officials agree to...

Politics

3 w. ago China stays conspicuously quiet after Trump’s TikTok deal declaration

China stays conspicuously quiet after Trump’s TikTok deal declaration  CNBC

Politics

3 w. ago US and China finalize TikTok deal under new ownership structure

US and China finalize TikTok deal under new ownership structure  Jurist.org

Politics

3 w. ago Trump signs executive order paving the way for TikTok deal with China

Trump signs executive order paving the way for TikTok deal with China  NBC News

Politics

3 w. ago Trump says China’s Xi has approved of deal putting TikTok under US ownership

Trump says China’s Xi has approved of deal putting TikTok under US ownership  Boston 25 News

Politics

3 w. ago Trump announces deal with China to bring TikTok under US ownership

Trump announces deal with China to bring TikTok under US ownership  The Independent

Politics

3 w. ago Trump Approves TikTok Deal Separating U.S. Operations From China HQ; Oracle Among Backers Of New Joint Venture

Trump Approves TikTok Deal Separating U.S. Operations From China HQ; Oracle Among Backers Of New Joint Venture  Deadline

Politics

4 w. ago Hong Kong finance chief defends market as critics warn of Beijing's grip

Hong Kong finance chief defends market as critics warn of Beijing's grip  Nikkei Asia

Events