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The businesses that adapt early to engage China, India and Asean will help draft Asia’s next chapter and profit from it Kishore MahbubaniandSteven Okun Published: 4:30pm, 15 Sep 2026Updated: 5:21pm, 15 Sep 2026 The ending of the American century is coinciding with an Asian renaissance. America remains the world’s largest economy and will stay that way for another decade or two. But its economy no longer dominates the world. And its “America first” policy has partners and alli

President Donald Trump offered voters a quid pro quo, saying elect Republicans and get a $5,000 payout, which he called the Trump dividend. Trump's announcement was met with skepticism, with some seeing it as a desperate attempt to motivate voters and others predicting it will backfire, particularly given the US debt at record levels. “Independents and swing voters will see this as a ploy and not a solution to the their affordability problems. That’s why this will backfire,”

Artificial Intelligence’s environmental, workforce, consumer and governance risks already belong in existing risk and disclosure systems. Companies waiting on a Responsible AI policy are ignoring the obvious. By Steven Okun and Megan Willis, Noemie Viterale Companies exempting artificial intelligence (AI) from their existing governance system take a great and unnecessary risk in doing so. As companies race to integrate AI across their operations, they do so with the twin goal

The most credible messengers are the companies and investors who profit from the Republic’s success every day For decades, the US prized partners that upheld the rule of law, kept markets open and met high standards on trade and investment – making Singapore the natural choice for its first Asian free trade agreement partner. Singapore’s values and commitments to the US have not changed.\ For the US, that calculus has shifted as those values are not priorities of an “America

Trade, once central to Donald Trump’s political rise, could turn against him and the Republican Party in the 2026 midterms. Tariffs, the war with Iran, and uncertainty over USMCA are moving trade front and center this year, especially in trade-exposed states, potentially helping Democrats reclaim the House and possibly the Senate. Steven Okun and Noemie Viterale “It’s the economy, stupid,” a phrase from Bill Clinton’s winning 1992 Presidential campaign, epitomizes how economi

International Feature: Trump's Family Wealth Soars During His Second Term, Raising Concerns About Using Public Power for Private Gain President Trump's wealth has skyrocketed during his second term, with his companies making numerous overseas investments, sparking a storm of speculation. Although he claims his businesses are now managed by his son, the overlap between policy-making and family interests renders the US's political recusal mechanisms ineffective. When public pow

The Democratic Party bench is deep and an answer to who its nominee is won’t emerge until much later. Steven R. Okun and Thurgood Marshall Jr Published Jun 27, 2026, 05:00 AM Last week, former US first lady Michelle Obama took the stage at the Obama Presidential Library – and within hours, speculation began once more about whether she might finally enter the race for US president. It is a ritual by now. Each rare occasion she gives a speech, Democrats swoon. Few people connec

As featured in Eco-Business, June 24, 2026 AI governance is no longer a technology department problem. It's a boardroom imperative — and most companies aren't treating it that way. That's the view Steve Okun, Founder and CEO of APAC Advisors, shared in a recent Eco-Business feature on AI's mounting societal risks in Singapore. His core argument: the risks AI brings cut across every geography, sector, and stakeholder group, and nearly every business now plays a role in shaping

Why does this matter so much for Asian economies? The closure of the strait of Hormuz provided a “stark wake-up call” exposing the region’s vulnerability, according to a report released by the International Energy Agency (IEA) last week. Before the crisis, 60% of south-east Asia’s imports of crude oil and a third of its imports of gas came from the Middle East, according to the IEA. The region’s energy import bill is projected to reach $160bn this year – double the $80bn bill

While the US and Chinese markets are essential, other countries are making deals with each other in search of more diversified trade Steven Okun and Kellie Meiman Hock Published: 8:30pm, 18 Jun 2026 As US President Donald Trump rebuilds the tariff wall the country’s Supreme Court knocked down, the headlines fixate on each individual block. With the global 10 per cent tariff initially levied in response expiring on July 24, the Trump administration is preparing to replace it b

“People think AI is going to be like air, available for as long as they want and affordable enough for them to consume as much as they need," Steven Okun told Tim Burroughs as part of his deep dive on how private equity firms approach AI adoption. Many PE firms and their portfolio companies go all in on AI but with no budget, no risk plan, and no idea what happens if it gets expensive. What if AI costs 5x more in three years? Do you still hire that many fewer analysts? Becau

Private equity firms can no longer treat government as a regulatory afterthought Steven Okun and Derek Grossman Steven Okun is CEO of APAC Advisors, a geostrategic consultancy based in Singapore. Derek Grossman is a professor of political science and international relations at the University of Southern California. Private equity and venture capital firms operating in Asia had one fewer significant constraint than counterparts in the U.S. -- they didn't need to worry about de

Steve Okun, chief executive of APAC Advisors (Singapore), predicted the Trump administration would soon raise tariffs on China, potentially to 35 percent or more. Mr. Trump, he said, “will need to be careful not to commit to taking 301 off the table at the coming summit.” Why? As the US prepares to raise tariffs on much of the world through ARTs or Section 301 tariffs for forced labor or industrial capacity, China must be included. For example, Vietnam's tariffs will soon be

AI will mostly benefit those already well positioned to leverage it – men. Businesses and governments cannot afford to overlook gender as they invest in talent policies for the AI age. As Singapore celebrates early productivity gains from artificial intelligence, there’s a conversation about trade-offs that should also be taking place: who benefits, who falls behind, and what new divides may form. Without that discussion, women will bear the brunt of the costs of AI’s adoptio

A US Supreme Court ruling has fundamentally shifted the economics of Trump-era tariff deals. With a uniform tariff rate now set at 15%, countries that agreed to higher rates — often alongside large investment commitments — now find themselves at a clear disadvantage. As reported by The New York Times , governments across Asia are reassessing whether moving quickly to secure deals was a strategic misstep, and whether those agreements will ultimately hold. As APAC Advisors CEO

The star of America’s 250th anniversary celebrations in Asia should be its most enduring export – its founding principles Steven Okun Published: 5:30am, 27 Feb 2026 In his farewell address, then US president Ronald Reagan advocated for the United States to do “a better job of getting across that America is freedom: freedom of speech, freedom of religion, freedom of enterprise. And freedom is special and rare”. The Trump administration should follow Reagan’s advice as it desig

AI promises productivity gains, but without corporate and investor commitment, Singapore risks deeper inequality, higher emissions, and growing social strain as jobs are lost. By Steven Okun, Megan Willis, Noemie Viterale Feb. 20, 2026 Artificial Intelligence (AI) empowers businesses to do more with less people. Many businesses are racing ahead to take full advantage. DBS Bank’s announcement that AI will eliminate 4,000 jobs across 19 markets provides both a proof point and

A Hedge Against an Unpredictable United States Western middle powers like Britain, feeling increasingly alienated by the United States, are now looking to hedge their economic interests by rebalancing toward China, analysts said. “For the past few years, companies were diversifying and de-risking from China. Now, they are doing so from the United States,” said Steve Okun, head of APAC Advisors, a geopolitical consulting firm. Mr. Xi offered a thinly veiled critique of the cur

The World Economic Forum meeting at Davos shows that the room for manoeuvre is narrowing for middle powers, says US politics observer Steven Okun. SINGAPORE: The end of this year’s World Economic Forum in Davos should not bring relief to anyone. Stocks rallied when United States President Donald Trump announced he would not use force to seize Greenland . However, the global economic order governments spent decades building, which markets benefited from, no longer exists. Sin

The resistance to Artificial Intelligence will come from the social disruption it will bring – and data centres will be where that backlash lands first. Investors in AI must ensure that its benefits are shared across society, harm is reduced, and value created local Artificial intelligence (AI) fuels one of Asia’s fastest infrastructure expansions in decades – data centres, which are essential to achieve the promise of AI, such as advances in education, health care, longevity

Renee Good’s death could be a rallying point against President Donald Trump or a turning point towards a more authoritarian government, says US politics expert Steven Okun. SINGAPORE: The fatal shooting of Renee Nicole Good by a United States Immigration and Customs Enforcement (ICE) agent in Minneapolis last week has become tragedy and political flashpoint. Her death exposed just how badly the US has fractured. For one side, the killing of the unarmed 37-year-old mother of

Domestic resistance grows as US president's foreign-policy latitude expands Steven R Okun and Thurgood Marshall Jr Steven R Okun and Thurgood Marshall Jr served in the Clinton administration as deputy general counsel at the Department of Transportation and White House Cabinet Secretary, respectively. Okun serves as CEO of APAC Advisors in Singapore. Marshall practices law in Washington. Even with his Houdini-like ability to escape consequences for actions once thought impossi

The backlash to Dr Anjani Sinha’s remarks after beginning his tenure in Singapore shows just how difficult his mission will be, says political observer Steven R Okun. SINGAPORE: “Increase our economic and commercial ties,” was what President Donald Trump instructed Dr Anjani Sinha before he assumed the post, according to the newly arrived US Ambassador to Singapore . Yet the backlash to Dr Sinha’s recent remarks shows just how difficult that mission will be under Mr Trump’s A

Investors who fail to assess and mitigate the potential harms of adopting Artificial Intelligence cannot credibly call themselves “responsible”. By Steven Okun, Megan Willis, Noemie Viterale Nov. 12, 2025 A hyperscaler data centre. For investors in AI, the test will be how to ensure adoption of AI while mitigating the harm from job losses, the increase in income inequality, and the damage to the environment. Image: Tommy Young/Flickr Artificial Intelligence (AI) did not exis

Concern is increasing throughout Southeast Asia as U.S. officials, intent on slowing China, have yet to say how they will define the origin country of imports. Trump administration officials have been vocal about setting one rule-of-origin target for the region. They have focused on 30 percent: Any product containing more than that level of foreign parts or content sent to the United States would face the special transshipment tariff. While discussions are fluid, one thing is

The U.S. announced agreements on Sunday with Malaysia, Thailand and Cambodia, securing support for its efforts to pressure China on trade and critical minerals. While the statements did not mention China, to varying degrees they signaled each country’s support for Mr. Trump’s aim to reduce China’s stranglehold on some of the most important materials that go into a wide array of products, such as batteries, smartphones and magnets for fighter jets. In addition, the statements

Steven Okun, CEO of public affairs consultancy APAC Advisors, said when interviewed that though Trump is not expected to make significant policy statements at the ASEAN Summit, his attendance itself sends an important signal that “Southeast Asia is key to the US from an economic perspective, a geopolitical perspective and a defence perspective.” “Just by taking off the fentanyl tariffs, that would put China at almost the same tariff rate as most Southeast Asian countries. And

Steven Okun, CEO of public affairs consulting firm APAC Advisors, acknowledged the importance of a meeting between the U.S. and Chinese...

Trump threatens to cancel Xi Jinping summit in wake of rare earth curbs that one analyst says had left US president ‘furious and...

Steven Okun is CEO of APAC Advisors, a geostrategic consultancy headquartered in Singapore who served in the Clinton administration....

U.S. President Donald Trump has driven out of his party nearly everyone with the temerity to challenge him, write Steven R Okun and...

Dr Anjani Sinha faltered at his confirmation hearing to become the US ambassador to Singapore, but he could still be a net positive to...

While the language of ESG is changing, its fundamental value for business is not. Some companies never used the term ESG publicly - even...

With Donald Trump in the White House, some Asian companies may believe they do not have to worry about forced labour in their operations...

President Donald Trump paused his steep tariffs due to the bond market, but more market turmoil may come, says US politics expert Steven...

With US President Donald Trump’s reciprocal tariffs about to reshape global trade, a coordinated response is the best way forward, say...

Tighter curbs on business with China loom as corporate leaders are warned that they cannot be bystanders in broader geopolitical rivalry.

VP Kamala Harris’ struggles could complicate her ability to lead the Democratic Party in a future election, be it in 2024 or later.

This week’s summit comes amid supply shocks, leadership transitions, and war.

With Trump potentially on the 2024 ballot, US partners will watch to see how many commitments they should make.

In this new era of corporate sustainability, no issue unites stakeholders as urgently as climate change does.

Investors too often ignore the 'E' v 'S' trade off. Businesses which only take the 'E' into account in their ESG strategies will bump heads.

A swift return by the US to multilateral trade deals like the TPP is unlikely, but a sectoral approach in new growth areas is promising.

Thurgood Marshall Jr. & Steve Okun on Republicans refusal to overturn election results offers a chance to loosen Trumps grip on the party.

Steve Okun & Thurgood Marshall Jr believe a virtual convention benefits Biden.

The pandemic may hurt Trump's re-election chances, but it also gives him a starring role on the national stage & sidelines Biden.

DPM Heng's bridge-building speech highlights proactive approach to a problem that is one of the core isues of US presidential election.

by Steve Okun, The Straits Times What is the US under the Trump administration doing to advance its own interests in Southeast Asia and...

Being an effective corporate diplomat involves recognising the distinct cultural practices in local markets.