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

Is the Pakistani state capable of standing up to blackmail?

WHEN A PANEL of three judges on Pakistan’s Supreme Court overturned a poor Christian woman’s conviction for blasphemy, which carries a mandatory death sentence, it was, as one commentator, Zahid Hussain, put it, as if they had at last broken the country’s “ring of fear”. Nine years ago in the fields, Asia Bibi, a mother of five, had taken...

Bangladesh’s ruling party appears to be easing up ahead of elections

LIKE THE great, restless rivers that snake across Bangladesh, the country’s democracy seems to change shape with every season. Its people have voted in ten national elections since independence in 1971, but on each occasion the political landscape has looked radically different. There have been times of single-party dominance, of army rule, of...

Japan is both obsessed with and resistant to robots

Jurassic clerk HOTEL RECEPTIONISTS are rarely this intimidating. Yellow eyes glare as the room number is snarled through razor-sharp teeth. The mechanical T-Rex behind the counter is one of nine types of robot whirring and clicking through the building, from the silicon fish that swim around a tank in the lobby to the egg-shaped concierge that controls...

New Zealand agonises about Chinese meddling

“WE ARE FREE from political interference,” protests New Zealand’s prime minister, Jacinda Ardern. A scandal in the National Party, the main opposition, suggests otherwise. Last month an embittered National MP, Jami-Lee Ross, accused the party’s leader, Simon Bridges, of breaking campaign-finance laws. He claims Mr Bridges deliberately disguised...

Uzbekistan tries to end the use of forced labour in the cotton fields

Cotton shift IN SOME WAYS, there is nothing surprising about the videos that have been doing the rounds on social media in Uzbekistan. In one, farmers and local officials in a district near Tashkent, the capital, were made to stand in a watery ditch, heads bowed, to show contrition for failing to irrigate wheat fields properly. In another, officials...

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...

Deals

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...

Asia-Pacific predicted to continue to dominate M&A activity In H2 2018

Intralinks has issued its Deal Flow Predictor for the fourth quarter of 2018. In the second half of the year, growth in the global number of announced deals will resume (after a first-half pause) at roughly 7% year over year. The strongest growth in announcements will come from technology (Intralinks calls this the TMT sector because tech includes...

HNA turns M&A norms around again

Everyone used to want to be on the sell side; now they want to be on the buy side.In recent months, there has been a new game in Hong Kong investment banking called ‘Distance yourself from HNA’. It is easy to play. On the way up, everyone wanted to advise HNA, the acquisitive-though-opaque Chinese conglomerate whose big holdings include stakes in...

The Morning Leverage: Brookfield Raises at Least $3.38B for Restructuring Fund

A roundup of private equity-related news.Read More

The Morning Leverage: EIG Global Energy Caught by Breitburn’s Liquidity Woes

A collection of private equity-related news from across the Web.Read More

Acq Lite

'Jack Reacher' author says Tom Cruise lacks 'physicality' for role

Nov. 15 (UPI) -- Jack Reacher author Lee Child says Tom Cruise lacks the "physicality" to continue playing the role. The 64-year-old British writer said in an interview with the BBC published Wednesday that Cruise will be replaced in an upcoming television reboot of his book series. "Cruise, for all his talent, didn't have that physicality," Child...

Toni Braxton says Birdman wants to marry this year

Nov. 15 (UPI) -- Toni Braxton says Birdman wants to marry before the end of the year. The 51-year-old singer and television personality said in an interview with The Wendy Williams Show that Birdman is pushing her to set a date for their Great Gatsby-themed wedding. "There's no date," Braxton said. "We almost had a date. Well, we had two dates, but...

Watch: Rose McIver plans a wedding in 'A Christmas Prince' sequel trailer

Nov. 15 (UPI) -- Rose McIver is preparing to walk down the aisle in the newest trailer for Netflix's upcoming romantic comedy sequel, A Christmas Prince: The Royal Wedding. The clip, released Thursday, features McIver once again as journalist Amber who is attempting to plan her wedding to Prince Richard of Aldonia (Ben Lamb), one year after the couple...

Look: Kardashians throw Dream a fairy-themed birthday party

Nov. 15 (UPI) -- The Kardashian-Jenners gathered Wednesday to throw Dream Kardashian a fairy-themed birthday party. Kourtney Kardashian, Kim Kardashian, Khloe Kardashian and Kylie Jenner celebrated Dream, the daughter of Rob Kardashian and Blac Chyna, in honor of the toddler's second birthday. Dream, who officially turned 2 years old Nov. 10, wore...

Look: Karlie Kloss shows new 'Project Runway' set

Nov. 15 (UPI) -- Karlie Kloss is giving fans a glimpse of the new Project Runway set.The 26-year-old model shared a behind-the-scenes video Wednesday on Instagram ahead of the show's return to Bravo for Season 17. Kloss unveiled the new runway where aspiring designers will showcase their creations. She also showed the chairs where she and fellow judges...