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In June 2023, Japan revised its national hydrogen strategy that envisages a carbon-neutral “hydrogen society.” Ironically, fulfilling this strategy could increase global greenhouse gas emissions as most of the global supply chains that the Japanese government is creating to import hydrogen rely on fossil fuels.
The state visit to Beijing by Philippine President Ferdinand Marcos Jr in January 2023 did not yield the momentum for bilateral ties that his predecessor’s trip in 2017 did. Barely one month after the state visit, there was a flareup in the South China Sea (SCS) with the Chinese coastguard’s lasing of its Philippine counterpart off Second Thomas Shoal.
Countries in the Global South are becoming increasingly important actors on the global stage.
Last year was unprecedented in independent Singapore’s history. Difficulties have arisen in past years for the government, the economy, specific sections of the Singaporean populace or in terms of escalating repression, but 2023 encompassed all the above. Recovering Singapore’s reputation for clean governance will not be an easy task.
China’s pursuit of internationalizing the yuan, currency swaps, e-currency, cross-border deals and digitalized currency have recently made international news. These efforts are mainly on the rise with Gulf states.