China’s Subsidized Shipbuilding: Latest Pillar Industry

Vice President JD Vance arrived in Greenland with a group including his wife and national security adviser to tour a military base, amid Trump administration's push to take over the territory. The visit, met with protests and opposition, was originally planned to include cultural activities but was scaled back due to backlash. Trump's interest in Greenland's resources and strategic location has sparked controversy, with Greenlanders expressing dissatisfaction with Vance's presence and the administration's intentions. Full...

China deployed two long-range H-6 bombers around the Scarborough Shoal in the South China Sea, asserting sovereignty over the disputed atoll, as shown in satellite images obtained by Reuters. The deployment, not publicly announced, coincided with US Defense Secretary Pete Hegseth's visit to the Philippines, which also claims the shoal. The US reaffirmed its commitment to its mutual defence treaty with the Philippines amid tensions in the region caused by China's actions. Full Article

Global seaborne trade is showing signs of weakness as bunker sales and prices decline, with VLSFO prices dropping 20% year-on-year. Singapore and Fujairah report a 9% decrease in VLSFO sales in February, reflecting a slowdown in trade as seen in declining ship visits and tonnage. Clarksons Research projects a 1.2% growth in seaborne trade for 2025, down from the 2.1% growth in 2024. Full Article

Global adspend growth forecasts have been lowered by $19.8 billion due to market volatility, with the ad market now expected to grow by 6.7% in 2025 according to WARC. Sectors like automotive and retail are expected to decline in adspend, while online platforms like Alphabet, Amazon, and Meta are predicted to control 50% of the market by 2029. Despite economic pressures, social media adspend is projected to grow by 12.1% this year, with TikTok leading...

Hong Kong's "Super March" campaign, focusing on sports, arts, and tourism, has successfully increased tourist arrivals, with an emphasis on quality experiences over quantity, according to Secretary for Culture, Sports, and Tourism Rosanna Law Shuk-pui. The city plans to leverage its pristine coastline and islands to attract quality tourists, while also negotiating investments in coastline projects at Victoria Harbour. Other strategies include hosting mega-events at Kai Tak Sports Park and using the campaign to draw...

The State of the ASEAN Technology Ecosystem Report CY2024 by January Capital reveals stabilising capital deployment but a decline in overall deal volume, with fundraising challenges for founders. Funding by stage shows a scarcity of seed capital, while later-stage financing rounds see improvements in deal size. Geographically, Singapore and Indonesia remain active markets, with emerging opportunities in Malaysia, Thailand, and the Philippines. Fintech dominates sector-specific funding, with AI investments lagging behind. The founder journey highlights...