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Opinion
Andy Mukherjee, Columnist
The Singapore Banker Who Tried to Be Gandalf
DBS chief Piyush Gupta got the big calls right. But lack of attention to little things could spell more uncertainty.February 8, 2024 at 5:00 AM GMT+8
By Andy Mukherjee
Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.
Is the wizard of Asian banking is running out of time?
Photographer: Lionel Ng/Bloomberg
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It’s rare for a bank boss to take a 30% cut in variable pay — after delivering a chart-topping return on equity of 18%.
In doing just that, Piyush Gupta, the chief executive officer at DBS Group Holdings Ltd., has acknowledged the role of small things — like an overheated data center — in making a bank good, average or bad in the digital age.
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Opinion
Tim Culpan
India’s True Manufacturing Rival Is Vietnam, Not China
With import taxes higher than all its competitors, New Delhi is blowing its chance to become an alternative to the world’s factory. That has to change.February 8, 2024 at 6:00 AM GMT+8
By Tim Culpan
Tim Culpan is a Bloomberg Opinion columnist covering technology in Asia. Previously, he was a technology reporter for Bloomberg News.
An alternative to China?
Photographer: Linh Pham/Bloomberg
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If India wants to build a robust computer and electronics manufacturing industry, it needs to shift focus, fast. Instead of concentrating on the domestic market, it should become regionally competitive and export-driven. That means recognizing that Vietnam, not China, is its biggest rival.
The latest reminder of this urgency came last week with a US appeal for New Delhi to make the business environment easier and more transparent to navigate, or keep losing out on foreign direct investment. Cutting import duties ought to be high on the list, US Ambassador to India Eric Garcetti told the Indo-American Chamber of Commerce on Jan 30.
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Opinion
David Fickling
India Is Scorning the Energy Bounty That Transformed China
Touting carbon capture and storage is wishful thinking at best, and dangerous shortsightedness at worst. Just look at China.February 8, 2024 at 5:30 AM GMT+8
Corrected
February 8, 2024 at 11:23 AM GMT+8
By David Fickling
David Fickling is a Bloomberg Opinion columnist covering energy and commodities. Previously, he worked for Bloomberg News, the Wall Street Journal and the Financial Times.
An under-exploited resource.
Photographer: Pallava Bagla/Corbis News/Getty Images
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You know an electricity policy is bankrupt when its advocates start touting the virtues of carbon capture and storage.
Decades of promoting the technology, also known as CCS — which aims to filter the carbon dioxide from smokestacks and inject the pollution deep underground — have failed to produce more than a handful of operating plants. So plans by India’s government think tank Niti Aayog to capture as much of 70% of the country’s power-sector emissions should be treated as wishful thinking at best, and dangerous shortsightedness at worst. “We have abundant coal and we want to use it, in a sustainable way,” the body’s energy adviser Rajnath Ram told Bloomberg News.
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