Asia Pacific

Headlines

Rachika A Sahay joins HSA Advocates as Partner in the New Delhi office

Rachika A Sahay joins HSA Advocates as Partner to further strengthen the Projects, Energy and Infrastructure and Corporate practices. She will be operating out of the firm’s New Delhi office. Rachika has over a decade of experience in handling a broad range of deals in the energy sector. She also has diverse experience in handling corporate transactions...

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...

Finance

Don’t be fooled by the new calm on the Korean peninsula

AFTER a summer lull, the whirlwind of North Korea-centred diplomacy that marked the first half of the year is about to resume. This week officials from North and South Korea met at the truce village of Panmunjom in the demilitarised zone on the border and declared that their leaders would meet, for the third time, in Pyongyang, the North Korean...

Malaysia’s new leaders have found their first 100 days tough

IT IS about 100 days since the leadership of Malaysia changed hands after 61 years of rule by one party. The electoral victory in May of Pakatan Harapan (PH), a coalition of parties, startled many people in Malaysia and beyond. The upset also surprised PH itself. Most members of the cabinet are still struggling to get the hang of what being in...

In the Philippines, church bells may heal old war wounds

In an air-force base in Wyoming, for now THE last time any of the bells of the Church of St Lawrence the Martyr rang out in the central Philippine town of Balangiga was in 1901. Spain had ceded the Philippines to America three years earlier. Filipino independence fighters regarded American soldiers first as liberators to be welcomed, but later as...

The shortcomings of India’s police are not entirely their fault

At least their uniforms are spotless EVERY summer across north India, millions of Hindu youths honour Lord Shiva by travelling to the sacred Ganges to collect holy water for anointing the Shiva lingams in their local temples. The pilgrims travel on foot and use a wooden yoke or kanvar to balance two small buckets. But though the sight of orange-clad...

Afghanistan’s government retakes a strategic town

SOME time after midnight on August 10th, residents of Ghazni, a large town straddling one of Afghanistan’s busiest road arteries, awoke to the rattle of intense gunfire. By morning it was clear that an invading force of Taliban fighters had reached the city centre. Only after four days of fighting, the dispatch of 1,000 Afghan army reinforcements...

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...

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...

Acq Lite

Priyanka Chopra, Joe Jonas confirm engagement

Aug. 18 (UPI) -- Actress Priyanka Chopra and recording artist Joe Jonas confirmed their engagement on social media Saturday. "Future Mrs. Jonas. My heart. My love," Jonas captioned a sweet photo of him and Chopra face to face with Chopra's hand on his chest and a large diamond visible on her ring finger. "The only way to do this... with Family and...

Travis Scott's 'Astroworld' tops the U.S. album chart

Aug. 18 (UPI) -- Rapper Travis Scott's Astroworld is the No. 1 album in the United States this week. Coming in at No. 2 on the Billboard 200 is Drake's Scorpion, followed by Mac Miller's Swimming at No. 3, Post Malone's beerbongs & bentleys at No. 4 and YG's Stay Dangerous at No. 5. Rounding out the top tier are Juice WRLD's Goodbye & Good Riddance...

Mickey's Not-So-Scary Halloween Party brings new thrills to classic rides

Aug. 18 (UPI) -- Walt Disney World's 24th annual Mickey's Not-So-Scary Halloween Party brings new thrills and frightening elements to classic rides at the Magic Kingdom park near Orlando, Fla. The family-friendly ticketed event, which takes place on select nights now through Oct. 31, offers unique versions of signature Magic Kingdom rides such as Pirates...

Netflix cancels 'Joel McHale Show,' 'Break with Michelle Wolf'

Aug. 18 (UPI) -- Netflix has canceled its chat programs The Break with Michelle Wolf and The Joel McHale Show with Joel McHale after their first seasons. Deadline.com blamed low viewership for why the streaming service opted not to renew the series for second seasons. Wolf is an alum of The Daily Show and served as the host of this year's White House...

Famous birthdays for Aug. 18: Andy Samberg, Madeleine Stowe

Aug. 18 (UPI) -- Those born on this date are under the sign of Leo. They include: -- Virginia Dare, first English settler born in the American colonies, in 1587 -- Explorer Meriwether Lewis in 1774 -- Chicago department store founder Marshall Field in 1834 -- Cosmetics businessman Max Factor in 1904 -- Actor Shelley Winters in 1920 -- Former first...