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

The battle between Bangladesh’s two begums is over

THE battling begums, Sheikh Hasina Wajed and Khaleda Zia, used to alternate in power with metronomic regularity. Both laid claim to aspects of Bangladesh’s founding myth. Sheikh Hasina is the daughter of the “father of Bangladesh”, Sheikh Mujibur Rahman, the first president. Mrs Zia is widow to Ziaur Rahman, to whom, as an army officer under...

A date is set for the emperor of Japan to retire

For Akihito, April is the kindest month IT WAS an understandable request. Last year an 83-year-old Japanese man, who has survived prostate cancer and heart surgery, asked to retire. Yet it took much debate and a change in the law before the government could even set a date for him to do so. When it finally did, on December 1st, it deferred the event...

An army of Chinese shoppers dictates the fate of Australian brands

THE first daigou, meaning someone who makes purchases on another’s behalf, were Chinese students studying abroad, who hauled desirable products home on behalf of family and friends. Adding a commission helped them pay their tuition fees. The spread of social-networking apps such as WeChat, China’s most popular, brought the business online....

The Philippine government declares war on a beloved vehicle

Treasure and menace VENETIANS have their vaporettos, Londoners their double-deckers, Japanese their bullet trains and Filipinos their jeepneys. None of those other vehicles, however, is as dirty, dangerous and uncomfortable as the jeepney, a Frankenstein’s monster of a minibus that was first cobbled together some 70 years ago. Yet when the government...

India’s elections still revolve around caste

INDIA’S national parliament, the Lok Sabha, sits for barely 70 days a year. The shortest of its three sessions normally starts in mid-November. This year, though, the government has given MPs an extra month’s holiday. The reason: Gujarat, a bastion of the ruling Bharatiya Janata Party (BJP) and home state of Narendra Modi, the prime minister,...

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

Southeast Asia M&A surges to $53.5b in Jan-Sept 2017, led by transport sector

Southeast Asia saw mergers and acquisitions worth $53.5 billion across 290 deals in the first three quarters of this year, a strong performance outdone only by the Q1 to Q3 performance in 2013. According to Mergermarket data, Q3 alone saw 97 M&A deals worth $26.7 billion in the region, up 81.8 per cent from the same period in 2016. Three...

Asia bucks trend: Global M&A deal value slips in July-Sept

The value of mergers and acquisitions globally dropped slightly in the third quarter of 2017, as big deals worth more than $10 billion were scarce given uncertainty about economic policy in the U.S. and Europe in particular, leaving dealmakers to feast on a plethora of smaller transactions. Even as major stock markets continued to climb higher, big...

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...

Acq Lite

EXO celebrates its album 'The War' going platinum

Dec. 11 (UPI) -- South Korean boy band EXO is celebrating its album The War going platinum.The K-pop group tweeted an elated message Sunday after selling more than 1 million copies of the record, which was released in July.Gaon monthly album charts confirmed The War has sold 1.086 million copies, according to The Korea Herald. The repackaged album The...

'Fuller House' cast visit Tokyo in new Season 3 trailer

Dec. 11 (UPI) -- The Tanner clan is headed to Tokyo in a new trailer for the second-half of Season 3 of Fuller House.The clip, released Monday, begins where the first half of Season 3 left off as Steve ( Scott Weinger), deals with finding out that DJ (Candace Cameron Bure), feels like she is losing her soulmate as he heads to Tokyo to get married.Things...

Keith Urban celebrates Nicole Kidman's Golden Globes nod: 'Incredibly proud'

Dec. 11 (UPI) --Keith Urban is "incredibly proud" of wife Nicole Kidman's Golden Globe Awards nod.The 50-year-old country star congratulated Kidman in a tweet Monday after she was nominated for Best Actress in a Limited Series or TV Film for Big Little Lies. The actress also starred in Top of the Lake: China Girl, which will compete with Big Little...

Kesha, Macklemore announce joint Summer 2018 tour

Dec. 11 (UPI) -- Kesha is teaming up with Macklemore for a 30-city joint tour titled The Adventures of Kesha and Macklemore.The tour, announced with a comedic video on YouTube Monday, is set to begin June 6 at the Ak-Chin Pavilion in Phoenix before wrapping up Aug. 5 at the MIDFLORIDA Credit Union Amphitheatre in Tampa.Tickets are set to go on sale...

'Vampire Diaries': Nina Dobrev reunites with Paul Wesley

Dec. 11 (UPI) --Nina Dobrev had a "serendipitous" reunion Sunday with former Vampire Diaries co-star Paul Wesley.The 28-year-old actress, who played Elena Gilbert on The CW series, said in an Instagram post that she ran into Wesley, who portrayed Stefan Salvatore, in New York.Dobrev and Wesley were all smiles in a photo the actress posted on her account....