By Catherine Cheng In the complex world of aviation, national airlines, often referred to as flag carriers, play a unique role. These airlines are typically owned or supported by their respective governments and are tasked with not just turning a profit, but also serving as ambassadors to their home countries. This dual mandate creates both […] The post The Business of National Pride: How Flag Carriers Navigate the Skies appeared first on Biznomics Magazine ..read more

By Jessica Lam In a bold move to reduce reliance on the US dollar and reshape the global financial landscape, the BRICS (Brazil, Russia, India, China & South Africa) nations have unveiled ambitious plans for a new multilateral digital payment platform and block chain-based settlement system. This strategic initiative aims to unify the financial markets […] The post De-Dollarizing BRICS: The Rise of Multilateral Digital Payments and Block Chain Finance appeared first on Biznomics Magazine ..read more

By  Maya Chen | Senior Economic Analyst The World Trade Organization (WTO) considered the cornerstone of international trading systems has the role it plays in shaping global economic dynamics a subject of intense debate. Critics argue that the WTO disproportionately favors Western economies, while proponents maintain that it provides crucial opportunities to developing nations. This […] The post The World Trade Organization: A Balancing Act between Western and Developing Economies appeared first on Biznomics Magazine ..read more

Capitalism has been a dominant economic system for centuries, evolving through various phases and adapting to changing social, political, and technological landscapes. This article explores the history of capitalism, the relevance of Karl Marx’s critiques, and how different models of capitalism—particularly those seen in China, East Asia, and smaller nations like Sri Lanka—can offer insights […] The post Capitalism: A Historical Perspective and Its Future in the 21st Century appeared first on Biznomics Magazine ..read more

By Mei Ling Zhang BEIJING, July 25, 2024 – As the world embraces the warmer months, fashion enthusiasts are turning their attention to emerging trends that will define spring and summer 2024. While Western fashion maintains its influence, Asia is quietly revolutionizing seasonal wear, offering versatile pieces that transcend traditional boundaries.   Key Trends: Cargo […] The post Asian Fashion Trends for Spring/Summer 2024: Versatility and Timelessness appeared first on Biznomics Magazine ..read more

By Sophia Chen, Financial Correspondent In the dynamic financial landscape of Asia, Mastercard is redefining its role and strategies, to adapt to the region’s unique challenges and opportunities. Known for its iconic “Priceless” campaign launched in 1997, the global payments technology company is navigating a rapidly evolving economic and technological environment. As Asia’s consumers become […] The post Mastercard’s “Priceless” Pivot: How Asia is Embracing the Evolution of a Financial Giant appeared first on Biznomics Magazine ..read more

By Amara Perera, Technology Correspondent* Set in the heart of the Indian Ocean, Sri Lanka has emerged as a pivotal player in China’s ambitious Belt and Road Initiative (BRI). At the forefront of this digital transformation is Huawei, the Chinese telecommunications giant that has become synonymous with cutting-edge technology and innovation. As Sri Lanka embraces […] The post Huawei’s Digital Frontier: Pioneering Sri Lanka’s Tech Future and Global Dominance appeared first on Biznomics Magazine ..read more

By Élise Beaumont In the heart of bustling metropolises from Tokyo to Bangalore, a technological revolution is quietly reshaping the global landscape. Asia, once known primarily as the world’s factory floor, has transformed into a crucible of innovation, becoming the hot pot for new technology and the nerve center of global tech supply chains. This […] The post Asia: The Silicon Valley of the 21st Century appeared first on Biznomics Magazine ..read more

by Cherie Wang In the ongoing debate about the role of government in the economy, the success stories of state involvement in national assets from countries in Asia and the Middle East offer compelling evidence for the potential benefits of strategic state intervention. While not without challenges, the experiences of the United Arab Emirates, China, […] The post State Involvement in National Assets appeared first on Biznomics Magazine ..read more

LankaPay hosted its prestigious Technnovation Awards, on the 20th of March, at the Shangri-La, celebrating innovation in payment technology. The Keynote speaker at the event was Zennon Kapron, the Managing Director of Kapronasia, a renowned figure in the fintech landscape. Biznomics spoke with Kapron on the sidelines of the event, where he shared his wealth of experience and insights on the evolving intersection of technology and finance. Beginnings of a journey in Fintech Kapron’s journey into fintech began with a background in Computer Science, followed by stints in banking and technology gi ..read more