Pacific Money – The Diplomat

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class="td-body-main-content"> <header> <h3 id="td-kicker"> <a href="https://thediplomat.com/category/blogs/">Blog</a><a href="https://thediplomat.com/category/pacific-money/feed" class="td-btn td-btn--transparent td-btn-feed"><i><svg xmlns="http://www.w3.org/2000/svg" width="24" height="24" viewBox="0 0 24 24"> <path fill="none" d="M0 0h24v24H0z"/> <circle cx="6.18" cy="17.82" r="2.18"/> <path d="M4 4.44v2.83c7.03 0 12.73 5.7 12.73 12.73h2.83c0-8.59-6.97-15.56-15.56-15.56zm0 5.66v2.83c3.9 0 7.07 3.17 7.07 7.07h2.83c0-5.47-4.43-9.9-9.9-9.9z"/> </svg> </i></a> </h3> <h1 class="td-list-title"> Pacific Money </h1> <div class="td-list-intro"><p>The 21st century is commonly referred to as the 'Pacific Century.' For such a prediction to materialize, the economies of the Asia-Pacific must lead the globe. What challenges will the region face? What nations stand to benefit most? The Diplomat's economics and business blog, Pacific Money, will try to tackle these questions and more.</p></div> </header> <div class="td-posts td-posts--col"><a href="/2024/11/is-china-ready-for-the-trump-trade-war-2-0/" class="td-post td-post--highlight" data-key="278047"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, (min-width: 672px) 300px, 138px" srcset="https://thediplomat.com/wp-content/uploads/2022/09/sizes/thumbnail/thediplomat_2022-08-31-170633.jpg 138w, https://thediplomat.com/wp-content/uploads/2022/09/sizes/td-list-s-2/thediplomat_2022-08-31-170633.jpg 276w, https://thediplomat.com/wp-content/uploads/2022/09/sizes/td-list-l-1/thediplomat_2022-08-31-170633.jpg 300w, https://thediplomat.com/wp-content/uploads/2022/09/sizes/td-list-l-2/thediplomat_2022-08-31-170633.jpg 600w" src="https://thediplomat.com/wp-content/uploads/2022/09/sizes/thumbnail/thediplomat_2022-08-31-170633.jpg" alt="Is China Ready for the Trump Trade War 2.0?" title="Is China Ready for the Trump Trade War 2.0?"></figure><h4>Is China Ready for the Trump Trade War 2.0?</h4><h6>By <span>Yan Liang</span></h6><div>If China is able to seize the opportunity to revitalize its domestic economy and invigorate the multilateral system, Trump’s trade war 2.0 could end up a strategic gift to Beijing. </div></a><p class="td-br td-br--2 td-br--3"></p><a href="/2024/11/indonesias-pln-and-the-clean-energy-conundrum/" class="td-post" data-key="278018"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-20-041806.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/11/sizes/td-list-s-2/thediplomat_2024-11-20-041806.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-20-041806.jpg" loading="lazy" alt="Indonesia’s PLN and the Clean Energy Conundrum" title="Indonesia’s PLN and the Clean Energy Conundrum"></figure><h4>Indonesia’s PLN and the Clean Energy Conundrum</h4><h6>By <span>James Guild</span></h6><div>The state-owned utility has allowed private companies to expand the country's generating capacity, but it may take a different approach with solar.</div></a><a href="/2024/11/thailand-to-begin-phase-2-of-digital-wallet-stimulus-in-january/" class="td-post" data-key="278009"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-20-000514.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/11/sizes/td-list-s-2/thediplomat_2024-11-20-000514.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-20-000514.jpg" loading="lazy" alt="Thailand to Begin Phase 2 of &#8216;Digital Wallet&#8217; Stimulus in January" title="Thailand to Begin Phase 2 of &#8216;Digital Wallet&#8217; Stimulus in January"></figure><h4>Thailand to Begin Phase 2 of ‘Digital Wallet’ Stimulus in January</h4><h6>By <span>Sebastian Strangio</span></h6><div>The Pheu Thai government has also promised to introduce debt relief measures and additional stimulus programs in a bid to kick start the economy.</div></a><p class="td-br td-br--2"></p><a href="/2024/11/the-imf-sends-laos-a-reality-check-over-its-finances/" class="td-post" data-key="277953"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-19-045352.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/11/sizes/td-list-s-2/thediplomat_2024-11-19-045352.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-19-045352.jpg" loading="lazy" alt="The IMF Sends Laos a Reality Check Over Its Finances" title="The IMF Sends Laos a Reality Check Over Its Finances"></figure><h4>The IMF Sends Laos a Reality Check Over Its Finances</h4><h6>By <span>Luke Hunt</span></h6><div>The country's public debt is unsustainable, while inflation sits at 25 percent and the kip continues its freefall.</div></a><p class="td-br td-br--3"></p><a href="/2024/11/japans-2-trillion-yen-ai-stimulus/" class="td-post" data-key="277768"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2023/10/sizes/thumbnail/thediplomat_2023-10-13-132833.jpg 138w, https://thediplomat.com/wp-content/uploads/2023/10/sizes/td-list-s-2/thediplomat_2023-10-13-132833.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2023/10/sizes/thumbnail/thediplomat_2023-10-13-132833.jpg" loading="lazy" alt="Japan’s 2 Trillion Yen AI Stimulus" title="Japan’s 2 Trillion Yen AI Stimulus"></figure><h4>Japan’s 2 Trillion Yen AI Stimulus</h4><h6>By <span>Shashank S. Patel</span></h6><div>Tokyo is poised to roll out a long-awaited stimulus package that will enable Japanese firms to gain global share in the fields of semiconductors and artificial intelligence.</div></a><p class="td-br td-br--2"></p><div class="td-post td-post--ad"><a href="/2024/05/whats-driving-taiwans-mass-protests/" class="td-ad-alt"><figure><i class="icon-video"><svg xmlns="http://www.w3.org/2000/svg" height="24px" viewBox="0 -960 960 960" width="24px" fill="currentColor"> <path d="M320-200v-560l440 280-440 280Z"/> </svg></i><img title="What&#8217;s Driving Taiwan&#8217;s Mass Protests?" alt="What&#8217;s Driving Taiwan&#8217;s Mass Protests?" sizes="(max-width: 374px) calc(100vw - 48px), (min-width: 375px) and (max-width: 671px) calc(50vw - 60px), (min-width: 672px) and (max-width: 752px) 300px, 219px"" srcset="https://thediplomat.com/wp-content/uploads/2024/05/sizes/thumbnail/thediplomat_2024-05-24-193856.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/05/sizes/td-list-s-2/thediplomat_2024-05-24-193856.jpg 276w, https://thediplomat.com/wp-content/uploads/2024/05/sizes/td-list-m-1/thediplomat_2024-05-24-193856.jpg 219w, https://thediplomat.com/wp-content/uploads/2024/05/sizes/td-list-m-2/thediplomat_2024-05-24-193856.jpg 438w" src="https://thediplomat.com/wp-content/uploads/2024/05/sizes/thumbnail/thediplomat_2024-05-24-193856.jpg" loading="lazy"></figure><figcaption><h5>Latest Video</h5><h4>What’s Driving Taiwan’s Mass Protests?</h4></figcaption><i class="td-more"><svg height="24" viewBox="0 0 24 24" width="24" xmlns="http://www.w3.org/2000/svg"> <path d="M0 0h24v24H0z" fill="none"/> <path d="M12 4l-1.41 1.41L16.17 11H4v2h12.17l-5.58 5.59L12 20l8-8z"/> </svg></i></a><aside class="td-ad td-ad--square"></aside></div><a href="/2024/11/is-xi-jinping-undermining-chinas-path-to-tech-superiority/" class="td-post" data-key="277832"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/07/sizes/thumbnail/thediplomat_2024-07-29-144915.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/07/sizes/td-list-s-2/thediplomat_2024-07-29-144915.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2024/07/sizes/thumbnail/thediplomat_2024-07-29-144915.jpg" loading="lazy" alt="Is Xi Jinping Undermining China’s Path to Tech Superiority?" title="Is Xi Jinping Undermining China’s Path to Tech Superiority?"></figure><h4>Is Xi Jinping Undermining China’s Path to Tech Superiority?</h4><h6>By <span>Deborah Lehr</span></h6><div>Once a vibrant hub for entrepreneurial activity, China’s startup scene is now facing significant challenges as venture capital funding drops.</div></a><p class="td-br td-br--2 td-br--3"></p><a href="/2024/11/sister-cities-a-new-era-in-us-pacific-diplomacy/" class="td-post" data-key="277761"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-14-155951.jpeg 138w, https://thediplomat.com/wp-content/uploads/2024/11/sizes/td-list-s-2/thediplomat_2024-11-14-155951.jpeg 276w" src="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-14-155951.jpeg" loading="lazy" alt="Sister Cities: A New Era in US Pacific Diplomacy" title="Sister Cities: A New Era in US Pacific Diplomacy"></figure><h4>Sister Cities: A New Era in US Pacific Diplomacy</h4><h6>By <span>John Augé</span></h6><div>The 7 for 70 Campaign will create vital people-to-people connections through new "sister city" relationships. </div></a><a href="/2024/11/thailand-announces-new-holidays-in-bid-to-stoke-tourism-growth/" class="td-post" data-key="277719"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2023/01/sizes/thumbnail/thediplomat_2023-01-25-141049.jpg 138w, https://thediplomat.com/wp-content/uploads/2023/01/sizes/td-list-s-2/thediplomat_2023-01-25-141049.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2023/01/sizes/thumbnail/thediplomat_2023-01-25-141049.jpg" loading="lazy" alt="Thailand Announces New Holidays in Bid to Stoke Tourism Growth" title="Thailand Announces New Holidays in Bid to Stoke Tourism Growth"></figure><h4>Thailand Announces New Holidays in Bid to Stoke Tourism Growth</h4><h6>By <span>Sebastian Strangio</span></h6><div>The country is already on track for a full recovery from the downturn that accompanied the COVID-19 pandemic.</div></a><p class="td-br td-br--2"></p><a href="/2024/11/whats-in-malaysias-2025-budget/" class="td-post" data-key="277715"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2022/02/sizes/thumbnail/thediplomat_2022-02-22-051828.jpg 138w, https://thediplomat.com/wp-content/uploads/2022/02/sizes/td-list-s-2/thediplomat_2022-02-22-051828.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2022/02/sizes/thumbnail/thediplomat_2022-02-22-051828.jpg" loading="lazy" alt="What’s in Malaysia’s 2025 Budget?" title="What’s in Malaysia’s 2025 Budget?"></figure><h4>What’s in Malaysia’s 2025 Budget?</h4><h6>By <span>James Guild</span></h6><div>The country continues to make attempts to reduce its heavy reliance on petroleum-related revenues.</div></a><p class="td-br td-br--3"></p><a href="/2024/11/solar-power-a-new-opportunity-for-india-taiwan-ties/" class="td-post" data-key="277405"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2022/04/sizes/thumbnail/thediplomat_2022-04-22-122812.jpg 138w, https://thediplomat.com/wp-content/uploads/2022/04/sizes/td-list-s-2/thediplomat_2022-04-22-122812.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2022/04/sizes/thumbnail/thediplomat_2022-04-22-122812.jpg" loading="lazy" alt="Solar Power: A New Opportunity for India-Taiwan Ties" title="Solar Power: A New Opportunity for India-Taiwan Ties"></figure><h4>Solar Power: A New Opportunity for India-Taiwan Ties</h4><h6>By <span>Anushka Saxena</span> and <span>Rakshith Shetty</span></h6><div>India and Taiwan have an important opportunity to create a renewable energy partnership that can act as a new alternative to China’s dominance.</div></a><p class="td-br td-br--2"></p><a href="/2024/11/the-financial-struggles-at-indonesian-textile-giant-sritex-explained/" class="td-post" data-key="277324"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-07-203744.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/11/sizes/td-list-s-2/thediplomat_2024-11-07-203744.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-07-203744.jpg" loading="lazy" alt="The Financial Struggles at Indonesian Textile Giant Sritex, Explained" title="The Financial Struggles at Indonesian Textile Giant Sritex, Explained"></figure><h4>The Financial Struggles at Indonesian Textile Giant Sritex, Explained</h4><h6>By <span>James Guild</span></h6><div>The garment manufacturer is struggling with a heavy debt burden, a slump in demand, and a flood of inexpensive imports.</div></a><a href="/2024/11/growth-in-southeast-asias-digital-economy-slows-slightly-in-2024/" class="td-post" data-key="277188"><figure class="td-img td-post__img td-post__img--right"><img sizes="(max-width: 319px) 100vw, 138px" srcset="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-06-043132.jpg 138w, https://thediplomat.com/wp-content/uploads/2024/11/sizes/td-list-s-2/thediplomat_2024-11-06-043132.jpg 276w" src="https://thediplomat.com/wp-content/uploads/2024/11/sizes/thumbnail/thediplomat_2024-11-06-043132.jpg" loading="lazy" alt="Growth in Southeast Asia&#8217;s Digital Economy Slows Slightly in 2024" title="Growth in Southeast Asia&#8217;s Digital Economy Slows Slightly in 2024"></figure><h4>Growth in Southeast Asia’s Digital Economy Slows Slightly in 2024</h4><h6>By <span>Sebastian Strangio</span></h6><div>The region's online economy is beginning to show signs of maturity, as firms attempt to pivot from growth to profitability.</div></a><p class="td-br td-br--2 td-br--3"></p><div class="td-vertical-line td-vertical-line--left"></div><div class="td-vertical-line td-vertical-line--right"></div></div><div class="td-list-pager td-list-pager--bottom"><div class="td-list-pager__label"><b>Page 1</b> of 170</div><div class="td-list-pager__nav"><a href="https://thediplomat.com/category/pacific-money/page/2/" >Older</a></div></div> </article> </main> <aside class="td-body-side td-body-side--list"> <div class="td-box td-ad" style="min-height: 662px; width: 300px;"> <header>Advertisement</header> <div class="td-ad-body" style="min-height: 614px; width: 300px; padding-top: 12px"> </div> </div> <section class="td-box td-bg" id="td-box-authors"><header class="td-tall td-bg md-red-800-bg"><h3>Authors</h3><h4>Pacific Money</h4></header><div class="td-posts"><div class="td-post"><figure class="td-img td-post__img td-post__img--right td-post__img--square"><img alt="Anthony Fensom" title="Anthony Fensom" sizes="58px" srcset="https://thediplomat.com/wp-content/uploads/2013/09/sizes/td-list-xs-1/thediplomat_2021-09-23.jpg 58w, https://thediplomat.com/wp-content/uploads/2013/09/sizes/td-list-xs-2/thediplomat_2021-09-23.jpg 116w" src="https://thediplomat.com/wp-content/uploads/2013/09/sizes/td-list-xs-1/thediplomat_2021-09-23.jpg"></figure><h5>Guest Author</h5><h4>Anthony Fensom</h4><div><p>Anthony Fensom is an experienced business writer and communication consultant with more than a decade’s experience in the financial and media industries of Australia and Asia.</p> </div><a class="td-post__more" href="https://thediplomat.com/authors/anthony-fensom/">View Profile</a></div><div class="td-post"><figure class="td-img td-post__img td-post__img--right td-post__img--square"><img alt="James Guild" title="James Guild" sizes="58px" srcset="https://thediplomat.com/wp-content/uploads/2020/09/sizes/td-list-xs-1/thediplomat-2020-09-01-4.jpg 58w, https://thediplomat.com/wp-content/uploads/2020/09/sizes/td-list-xs-2/thediplomat-2020-09-01-4.jpg 116w" src="https://thediplomat.com/wp-content/uploads/2020/09/sizes/td-list-xs-1/thediplomat-2020-09-01-4.jpg"></figure><h5>Guest Author</h5><h4>James Guild</h4><div><p>James Guild is an expert in trade, finance, and economic development in Southeast Asia.</p> </div><a class="td-post__more" href="https://thediplomat.com/authors/james-guild/">View Profile</a></div><div class="td-post"><figure class="td-img td-post__img td-post__img--right td-post__img--square"><img alt="Sara Hsu" title="Sara Hsu" sizes="58px" srcset="https://thediplomat.com/wp-content/uploads/2014/03/sizes/td-list-xs-1/thediplomat_2021-12-01-144548.jpg 58w, https://thediplomat.com/wp-content/uploads/2014/03/sizes/td-list-xs-2/thediplomat_2021-12-01-144548.jpg 116w" src="https://thediplomat.com/wp-content/uploads/2014/03/sizes/td-list-xs-1/thediplomat_2021-12-01-144548.jpg"></figure><h5>Contributing Author</h5><h4>Sara Hsu</h4><div><p>Dr. Sara Hsu is an expert in Chinese fintech, economic development, informal finance, and shadow banking. She is the author of “China’s Fintech Explosion.”</p> </div><a class="td-post__more" href="https://thediplomat.com/authors/sara-hsu/">View Profile</a></div></div></section> </aside> <div class="td-vertical-line"></div> </div> <div id="root"></div> <footer id="td-foot"> <div class="td-viewport"> <div class="td-menu"> <section class="td-box td-nav-regions"> <header>Regions</header> <ul> <li><a href="https://thediplomat.com/regions/central-asia/">Central Asia</a></li> <li><a href="https://thediplomat.com/regions/east-asia/">East Asia</a></li> <li><a href="https://thediplomat.com/regions/oceania-region/">Oceania</a></li> <li><a href="https://thediplomat.com/regions/south-asia/">South Asia</a></li> <li><a href="https://thediplomat.com/regions/southeast-asia/">Southeast Asia</a></li> </ul> </section> <section class="td-box td-nav-topics"> <header>Topics</header> <ul> <li><a href="https://thediplomat.com/topics/diplomacy/">Diplomacy</a></li> <li><a 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