Asia Pacific

Headlines

Is China about to change the shape of global trade… again?

For much of 2018, China’s tariff wars with the US dominated media headlines. In 2019 so far, investors are also witnessing increasing signs of a Chinese slowdown, and with it a new approach to economic stimulus by Chinese policymakers. What does this mean for global trade and investment? A potted history: China’s role in the world economy After...

Cabe Malaysia Conference addresses shared global challenges

A number of issues facing the construction industry – the impact of the Hackitt report and future directives of UK legislation; the true value of sustainable buildings and standardisation of contracts – have been debated at a conference in Malaysia, illustrating the fact that many issues are not restricted by geography, but indeed are shared...

Vistra appoints Michael Sheahan as Alternative Investments Global Lead for Real Estate

Vistra, a leading global fund administration, trust and corporate services provider, today announced the appointment of Michael Sheahan as Alternative Investments Global Lead for Real Estate, effective immediately. In this role, Michael will lead the company’s global real estate (RE) business with responsibility for the development and execution...

HSA Advocates expands its Regulatory & Policy and Disputes Practice with new additions in the partnership collegium

HSA Advocates (“HSA”) is pleased to announce the appointment of Apoorva Misra as Partner and Shreshth Sharma and Nitish Gupta as Associate Partners in the Regulatory & Policy and Disputes practice. While the three partners will be based out of the firm’s New Delhi office, however, their responsibilities will not be restricted by geography. Apoorva...

Benelux law firm AKD keeps in step with growth of Asian market and expands Asian practice

Benelux law firm AKD expands its Asian practice with the arrival of Hyunju Park, Kaori Ishikawa and Xian Kong. Hyunju focuses on the Korean market, Kaori on Japan and Xian on China. Erwin Rademakers, AKD’s managing partner, who is also responsible for the firm’s Asian practice, explains: “The business sector in Korea, Japan and China is growing...

Finance

Indonesia votes

INDONESIANS WERE voting in presidential, legislative and regional elections as The Economist went to press. See coverage of the results here.Read More

Why Pakistan lets Arab bigwigs set falcons on rare birds

THE ASIAN houbara is an unlikely diplomatic asset. An elusive, desert-dwelling bird, its expression suggests bad temper rather than entente. Yet the migratory, chicken-sized fowl, also known as the Macqueen’s bustard, is considered prized sport by Arab falconers. Its meat is also thought to be an aphrodisiac. For decades dignitaries from the Gulf...

Kyrgyzstan’s neighbours have too little politics, but it has too much

AT THIS TIME of year the wild cherry blossom spreads from the valley floor up the flanks of the mountains that form the glorious backdrop to Bishkek, Kyrgyzstan’s laid-back capital. Kyrgyzstan itself used to be the democratic flower of Central Asia, surrounded by hulking autocracies. But democracy has not served the 6m people of the former Soviet...

Japan’s Self-Defence Forces are beginning to focus on China

ON A COLD spring day, crowds of Japanese gather to peer at the hulking grey ship moored in the port of Yokosuka, just south of Tokyo. The Izumo, the country’s largest warship, has attracted attention at home and abroad since December, when Japan’s government announced that it would upgrade her. Her deck, and that of her sister ship, the Kaga, will...

India’s next government is likely to be a coalition of mercenaries

THE HOTLY contested general election has made the face of Narendra Modi, the prime minister, hard to escape in most of India, beaming from walls, lamp posts, pillars and shop windows. Yet his image is nowhere to be seen in Hyderabad, the country’s fourth-biggest city. Its dusty bazaars and gleaming industrial parks could be in another country. True,...

Legal

After Fintech, Singapore eyes Legaltech status

Singapore, a haven for disruptive fintech firms, is aiming to shake up Asia's legal sector next The Lion City will host Southeast Asia's first legaltech accelerator from April. The city-state's initiative aims to groom legaltech startups as well as incubate new business models or services conceived by law firms. Singapore's law academy has launched...

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...

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

Duff & Phelps enhances restructuring and dispute offering with acquisition of Zolfo Cooper Asia

Expands Footprint in Greater China Region Duff & Phelps, the global advisor that protects, restores and maximizes value for clients, today announced the acquisition of Zolfo Cooper Asia, a leading independent provider of restructuring, insolvency, litigation support and forensic accounting services. The combination of Duff & Phelps and Zolfo...

Investcorp launches in India with acquisition of IDFC Alternative’s Private Equity and Realty Businesses

Entry in to India expands footprint of direct investments into Asia Investcorp a leading global provider and manager of alternative investment products, today announced the launch of its operations in India with the imminent completion of its first deal, the acquisition of the Private Equity and Real Estate investment management businesses of IDFC...

China, Japan overseas M&A push to extend in 2019

China’s economic growth slowdown to drive dealmaking abroadJapanese companies may continue to seek large foreign dealsCompanies in China and Japan will continue their pursuit of overseas acquisitions this year amid the economic growth slowdown and geopolitical uncertainty, according to JPMorgan Chase & Co. Ready availability of capital will...

Japanese groups invest £4.2bn in the UK and Ireland between 2013 and 2017, reveals new M&A report by Livingstone

Transaction values in UK and Ireland reached £978m from Japanese group acquisitions in 2017230 middle market companies acquired across the globe by Japanese groups – up 13% from 2016 Global increase in total transaction values globally to £15.9bn in 2017 –up 15% Europe continued to experience high buyer interest from Japan in 2017, with average...

Japan heading for biggest M&A spree in the U.S.

Japan is on track this year for its biggest acquisition spree in the US as advisers tell chief executives to pounce on deals while Chinese companies are hampered by trade war tensions. The advice of bankers and lawyers to accelerate US-targeted deals has intensified over recent months in line with both the surge in trade war rhetoric and the perception...

Acq Lite

Ciara, Dan + Shay to perform at 2019 Billboard Music Awards

April 23 (UPI) -- Ciara, country duo Dan + Shay, Halsey and Tori Kelly have been tapped to perform at the 2019 Billboard Music Awards on May 1. Ciara will be debuting her new single titled "Thinkin Bout You" at the event while Dan + Shay will be performing with Kelly. Halsey, meanwhile, will be performing her hit single "Without Me." The new artists...

K-pop singer Park Yoo-chun tests positive for drugs

SUWON, South Korea, April 23 (UPI) -- Police sought an arrest warrant for Park Yoo-chun, an actor and member of boy band JYJ, on Tuesday after a drug test on a sample of his hair came back positive, officials said. The 33-year-old Park is suspected of taking methamphetamine with Hwang Ha-na, a granddaughter of the founder of a major dairy producer,...

Watch: TXT teases cat version of 'Cat & Dog' video

April 23 (UPI) -- South Korean boy band TXT is giving fans a glimpse of its "Cat & Dog" music video. The K-pop group, aka Tomorrow X Together, released a clip Tuesday of the cat version of the video. The preview shows TXT members Soobin, Yeonjun, Beomgyu, Taehyun and Huening Kai posing with a giant box of pet food. "#TXT <Cat & Dog>...

Scott Disick to star in E! series 'Flip It Like Disick'

April 23 (UPI) -- Reality star Scott Disick has landed his own E! series. The network announced Tuesday the 35-year-old television personality will star in the new home flipping series Flip It Like Disick. Flip it Like Disick will follow Disick as he works with interior designer Willa Ford, business partner Benny Luciano, contractor Miki Moor and...

Look: Lala Kent celebrates 6 months of sobriety

April 23 (UPI) -- Lala Kent is "feeling blessed" as she celebrates six months of sobriety. The 29-year-old television personality marked the milestone Monday by reflecting on her journey in a post on Instagram. "I know I talk about this often, but y'all... I still cant believe it. I feel the need to share my story because I know I'm not the only one...