Asia Pacific

Headlines

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels. Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest...

Investcorp adds Deepak Parekh to International Advisory Board

Investcorp, a global provider and manager of alternative investment products, today announced that Deepak Parekh, Chairman of HDFC Limited, Indian’s leading Financial Services conglomerate, has been appointment to Investcorp’s International Advisory Board. Mr Parekh has played a significant role in the development of the financial sector...

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

Finance

Voters are not impressed with Japan’s new opposition party

THE candidate of the Constitutional Democratic Party (CDP), Akira Nagatsuma, spoke from the top of a gaisensha, a van adorned with banners and loudspeakers of the sort favoured by campaigning Japanese politicians. Later on, down the road, the hopeful from the Liberal Democratic Party (LDP), Fumiaki Matsumoto, also addressed passers-by from atop...

The half-million Rohingya refugees in Bangladesh will not leave soon

THE Kutupalong refugee camp in Bangladesh does not seem temporary. It consists of thousands of tents made of plastic and bamboo spread across undulating terrain. Groups of male refugees carry long poles on their shoulders to erect even more. Fish, vegetables and fruit are for sale in a market. Half-naked children squat outside stalls selling sweets...

Witches are still hunted in India—and blinded and beaten and killed

Not much to show for her guile AT LEAST Ramkanya Sen is alive. The grandmother spent three weeks locked in a windowless storeroom in the searing heat, refusing to eat, until a tip-off alerted a journalist to her predicament. The rescue came just in time, say doctors who revived Ms Sen (pictured) at a government hospital in Bhilwara, a small city...

The Philippine army recaptures a city seized by Muslim insurgents

Recaptured but ruined THE city of Marawi, President Rodrigo Duterte declared on October 17th, has been liberated from the jihadists who had seized control of it. Mr Duterte was speaking in Marawi a day after Philippine forces had killed Isnilon Hapilon, a leader of Abu Sayyaf, a local militant group, who had declared allegiance to Islamic State...

Kyrgyzstan holds an election that was not a foregone conclusion

Jeyenbekov at his most expressive AS THE young man hesitated, golden autumn leaves drifted down onto the streets of Bishkek, the relaxed capital of Kyrgyzstan. “It’s a choice between old and new. I can’t decide,” he explained, as he hovered outside the polling station. The choice was as unusual as it was difficult. Kyrgyzstan—a mountainous...

Legal

China updates New Industry Catalogue

PRC reduces regulatory procedures for foreign investments following its 2016 reforms. China creates a nationally applicable “negative list” for foreign investment, which opens up more industries for multi-national companies.Foreign Investments Filing Administrative Rules will be updated and published soon by the Ministry of Commerce to clarify...

Proposals to make free movement of data a principle of EU law expected this autumn

Ansip said proposed new EU legislation to tackle unnecessary restrictions on where data can be stored are likely to be published this autumn.The proposals will also look to make it easier for businesses to move their data between rival cloud providers and ensure that public sector bodies can access data held by authorities in another EU country to help...

New advertising standards in the UK to take tougher stance on gender stereotypes

The new standards will be drawn up by the Committee of Advertising Practice (CAP), according to a new report on gender stereotypes in advertising (64-page / 5.4MB PDF) published by the Advertising Standards Authority (ASA), the watchdog that oversees compliance with UK advertising rules.The CAP will also look to "clarify standards that reflect the ASA‘s...

BREXIT: Scottish government calls for protection of devolved powers

Minister for negotiations on Scotland’s place in Europe Michael Russell wrote to all MSPs asking them for full backing of the Scottish government's position. The move comes after the UK government published the European Union (Withdrawal) Bill on Thursday last week.Russell said the Scottish government had “serious concerns about the bill in a number...

UK government urged to avoid data transfers 'cliff edge' at point of Brexit

In a new report, a House of Lords committee warned that trade and security could be impacted if the flow of data is disrupted at the point of Brexit.To enable data to flow between the UK and EU post-Brexit, the EU Home Affairs Sub-Committee urged the UK government to seek a so-called 'adequacy' decision from the European Commission, which would recognise...

Deals

Gangtai Group: the acquisition of 85% stake in Buccellati has been completed

The transaction aims at reinforcing Buccellati’s international presence with an investment plan of €200 million, while maintaining the brand’s historical excellence and tradition The plan will fund the opening of 88 new monobrand stores and significant production and marketing investments Gangsu Gangtai Holding (Group) Co. Ltd, a Chinese...

Mourant Ozannes advises LSE-listed The Prospect Japan Fund Limited on US$147 million takeover

Mourant Ozannes has advised long-standing LSE listed client, The Prospect Japan Fund Limited (TPJF), on its recommended takeover by Japanese-based Prospect Co., Ltd (Prospect). The offer was an all-share offer of Japanese listed shares – believed to be the first of its kind in the UK – and it was completed via a Guernsey scheme of arrangement. The...

Hubble Family of Connected Nursery Devices to acquire Allianz & BCG Digital Ventures-Backed Kaishi

Hubble, a leading licensee of Motorola Brand, announces plan to expand leadership position in fast-growing digital nursery platform Hubble Connected (Hubble), the global leader of connected nursery products sold under the Motorola brand, announces today the intent to acquire Kaishi Pte Ltd (Kaishi), maker of the award-winning fetal heart-rate listening...

Mourant Ozannes advises LSE-listed The Prospect Japan Fund Limited on US$147 million takeover

Mourant Ozannes has advised long-standing LSE listed client, The Prospect Japan Fund Limited (TPJF), on its recommended takeover by Japanese-based Prospect Co., Ltd (Prospect). The offer was an all-share offer of Japanese listed shares – believed to be the first of its kind in the UK – and it was completed via a Guernsey scheme of arrangement. The...

Galaxy Group expands global start-up service network with US$ 30 million investment in IP Group

Beijing Galaxy World Group (Galaxy Group) announced a US$ 30 million strategic investment in IP Group (LSE: IPO), a well-known British developer of intellectual property-based business. The payment and settlement of relevant shares will be completed no later than 18 August 2017. Henceforth Galaxy Group will look to cooperate with IP Group in various...

Acq Lite

Famous birthdays for Oct. 21: Kim Kardashian, Benjamin Netanyahu

Oct. 21 (UPI) -- Those born this date are under the sign of Libra.They include:-- English poet Samuel Taylor Coleridge in 1772-- Swedish chemist and industrialist Alfred Nobel, inventor of dynamite and founder of the Nobel Prize, in 1833-- Jazz trumpeter John "Dizzy" Gillespie in 1917-- Baseball Hall of Fame member Whitey Ford in 1928 (age 89)-- Author...

2017 MAMAs: Seventeen, Wanna One, BTS, IU among nominees

Oct. 20 (UPI) -- South Korean acts Seventeen, Wanna One, BTS and IU are among the 2017 Mnet Asian Music Awards nominees.The recording artists are up for three awards each, along with fellow K-pop stars EXO, Twice and Heize, according to Billboard.Seventeen is nominated for Best Male Group, along with Best Music Video and Best Dance Performance by a...

Kanye West and Kim Kardashian's cars burglarized outside their home

Oct. 20 (UPI) -- A burglar ransacked luxury vehicles parked outside of Kanye West and Kim Kardashian's California home.The Los Angeles Police Department told Us Weekly the incident occurred outside of the couple's Bel Air home on Friday and the burglar didn't enter the property."A witness observed a suspect enter and exit the victim's vehicle and then...

Jake Gyllenhaal stars as caring father in Calvin Klein ad

Oct. 20 (UPI) --Jake Gyllenhaal stars as a father in an advertisement for one of Calvin Klein's fragrances.Gyllenhaal appears opposite model Liya Kebede in the black and white advertisement for Calvin Klein's Eternity as they read a poem to their young daughter played by a 4-year-old actress named Leila, CNN reported.The minute-long advertisement features...

Quentin Tarantino on Harvey Weinstein: 'I knew enough to do more than I did'

Oct. 20 (UPI) --Quentin Tarantino said he was aware of claims about producer Harvey Weinstein's sexual misconduct and wishes he did more to stop it."I knew enough to do more than I did," the director, who has worked with Weinstein throughout his career, told The New York Times in an article published Thursday."There was more to it than just the normal...