Andrew Hammond

An OECD report indicates that the production of solar photovoltaic panels, semiconductors, aluminium, steel and shipbuilding were the top five recipients of subsidies, across 15 sectors.

Once deemed a costly failure, industrial policy is making a return – led by China

A shift in governments’ attitudes towards state intervention is inaugurating a new era of economic planning

Asean is forecast to spend around US$57 billion on renewables, grids and end-use sectors in 2026 – a record high.

The Iran conflict is prompting a historic shift in Asean’s energy strategy

Asia bears the brunt of oil supply disruption, triggering a move to domestic investment and energy security

While Shangri-La is primarily a forum for Asia-Pacific issues, wider global developments will be discussed too.

Shangri-La Dialogue this year could be the most important ever amid geopolitical instability

Even with the Iran crisis possibly winding down, its continuing human and economic cost will remain in focus

A cargo ship docks at the Dammam Port in Saudi Arabia. Middle Eastern nations have been doubling down on trade with Asean and the broader Asian continent.

Asean will benefit from breakthrough trade deal between UK and Gulf states

Britain and the Middle East states have a shared interest in the Asian region

Some traders forecast that key Asian countries, including those in Asean, might face physical shortages of gasoil around a month before Europe does.

Asean could be hard hit by intensifying Iran crisis as G7 broods

Vietnam and Indonesia may be among the most vulnerable

Visitors in New Delhi. India has lately picked up the pace of liberalising trade, striking deals with the UK and New Zealand.
THE BOTTOM LINE

Commonwealth’s economic momentum grows

The 56-member group can advance trade liberalisation by building on existing Asia-Pacific and African agreements

China President Xi Jinping (right) and India Prime Minister Narendra Modi. Their countries remain at odds over border issues and Brics' strategic direction.

Brics+ wall has growing Middle East cracks

At the upcoming Brics Foreign Ministers meeting, New Delhi will seek to shift the bloc towards greater geoeconomic focus

Donald Trump (left) and Xi Jinping at the Apec summit in Busan, South Korea, Oct 30, 2025. Trump's trip to China in May will be the first US presidential trip there since 2017.

US-China summit: Will Xi and Trump stabilise ties?

Beyond Beijing and Washington, Asia-Pacific will watch the bilateral meeting closely

Molten aluminium coming out of a casting furnace in Austria. The surge in commodity prices is driven in part by record-high prices for base metals, particularly aluminium.

World Bank warns of growing geopolitical commodity shocks, beyond oil crisis

Increasing geopolitical risk, despite the market resilience displayed so far, is weakening the global order

One of the European Union’s goals of engagement with Asean is to build economic competitive advantage relative to other world powers, including the US.

Asean-EU summit: Forging a strategic front amid Middle East turmoil

As geopolitical volatility reshapes the global order, leaders from both blocs stressed that the security of their regions is ‘more interlinked than ever’