Asia Pacific

Headlines

SANNE appoints new business development director in Tokyo

Makoto Nagao, has been appointed to the newly created role of Director, Business Development adding further strength to SANNE’s Asia-Pacific business. With more than 35 years of experience, Nagao-san brings a wealth of knowledge, following a lengthy career with Sumitomo Mitsui Financial Group, SMFG. While he was at SMFG, Nagao-san was General Manager...

Crayfish.io launches UK’s first funded initiative to get businesses China-ready

A ground-breaking initiative with a £500k investment fund dedicated to helping UK businesses get ‘China-ready’ has been launched in Cambridge by global online platform, Crayfish.io. Starting in September, the Crayfish China Accelerator programme  - which has secured UK-China Enterprise Ltd (UKCE), a Chinese-capital-backed VC fund, as its...

SANNE opens new office in Mumbai, India

SANNE, a leading global provider of alternative asset and corporate services has further extended its global reach with the opening of a new office in Mumbai, India. With existing offices in 18 leading international finance centres, SANNE now has a local presence in one of the world’s fastest growing alternative markets and is also pleased to announce...

SANNE secures new bookkeeping licence in China

SANNE, a leading global provider of alternative asset and corporate administration services obtains new bookkeeping licence in China boosting its already strong proposition. The new licence expands SANNE’s existing product offering in China, adding bookkeeping, accounting and tax preparation services for Chinese registered entities. Jing Jing...

SANNE appoints Country Head to lead its Singapore business

Adding further expertise and knowledge to its APAC business As a leading global provider of alternative asset and corporate business services, SANNE is pleased to announce the appointment of David Fowler to the role of Country Head − Singapore with immediate effect. Based in SANNE’s Singapore office, David will be taking over the role from Valérie...

Finance

Indian stoners face a moral crusade

ONE MIGHT expect India to be at peace with marijuana. Before time itself, the god Shiva is supposed to have discovered the stuff. He sits high in a mythical Himalayan abode, eating gobs of it while pondering the mysteries of the universe; so do religious mendicants who emulate him today. Victorian India exported ganja to Jamaica with indentured labourers...

A hard task ahead for Jacinda Ardern’s new government

EVERYONE KNEW that the Labour Party would win. But even its leader, Jacinda Ardern, seemed startled by its landslide victory in New Zealand’s general election on October 17th. Ballots must still be counted from prisoners and expats, but so far Labour has mopped up 49% of the vote, compared with 27% for the main opposition, the conservative National...

The pandemic has exposed South-East Asia’s poor governance

IT HARDLY FOLLOWED the script intended by Thailand’s army-backed government. In the face of growing demonstrations calling for the resignation of the prime minister, a new constitution and a reformed monarchy, on October 15th the government imposed a “severe” state of emergency, banning gatherings of more than five people. Far from being cowed,...

North Korea is lonelier than ever

IT WAS SATURDAY morning on the Korean peninsula and Friday evening in America when pundits and policymakers around the world tuned into North Korean state television. They had hoped to watch a military parade in Pyongyang, the capital, to mark the 75th anniversary of the ruling party’s creation on October 10th. But instead of the expected display...

In Myanmar, Facebook struggles with a deluge of disinformation

MG MG KYAW can still remember the day he got his first mobile phone. It was 2012, and Myanmar was emerging from decades under the heel of a military junta. In a country where GDP per person was $1,000, SIM cards, which sold for as much as $2,000, were like gold dust. Only North Korea had fewer mobile phones per person. When a civilian government took...

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

Lyreco Group announces the acquisition of DeskRight

Lyreco Group today announced the acquisition of DeskRight, a leading office supplies business on the Singapore market. The move puts Lyreco, European leader and number three worldwide in the distribution of workplace supplies solutions to businesses, in a leadership position on the Singapore market and represents the first step in its new development...

HSA Advocates advised a consortium of four ports in relation to strategic sale of Dredging Corporation of India by Government of India

HSA Advocates represented a consortium of four ports Vishakapatnam Port Trust, Paradeep Port Trust, Jawaharlal Nehru Port Trust and Deendayal Port Trust in relation to strategic sale of Dredging Corporation of India concluded by Government of India (GoI). The four ports have acquired 100% of GoI's shares in Dredging Corporation of India (i.e. 73.47%...

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...

Acq Lite

Sam Heughan, Priyanka Chopra Jonas to star in 'Text for You'

Oct. 27 (UPI) -- Sam Heughan and Priyanka Chopra Jonas have signed on to star in a Jim Strouse-helmed romantic drama tentatively titled Text For You, which is also set to feature singer Celine Dion. The movie, written by director Strouse (Grace Is Gone) with a rewrite from Lauryn Kahn, stars Chopra Jonas (Quantico) as a woman who recently lost her fiance...

Gwen Stefani and Blake Shelton announce engagement

Oct. 27 (UPI) -- The Voice coaches Blake Shelton and Gwen Stefani announced their engagement in a post on both artists' Instagram pages. The singers have been dating since 2015. Both Shelton and Stefani posted a photo in a loving kiss. Stefani's caption simply read, "Yes please." Shelton wrote, "Hey @gwenstefani thanks for saving my 2020... And the...

Watch: Mino teases 'Run Away' music video

Oct. 27 (UPI) -- South Korean singer and rapper Mino is giving a glimpse of his new music video. The 27-year-old recording artist, a member of the boy band Winner, shared a clip Tuesday of his video for the song "Run Away." Advertisement The teaser shows a farway shot of Mino running down the middle of a road. The singer is also seen on a subway, in...

Demi Lovato to host E! People's Choice Awards on Nov. 15

Oct. 27 (UPI) -- Demi Lovato will host the 2020 E! People's Choice Awards. E! confirmed Tuesday that Lovato, 28, will serve as emcee for the awards show Nov. 15. Advertisement E! and Lovato had teased the news with an exchange on Twitter. "We can keep a secret could you, @ddlovato? Any plans on Sunday, November 15th?" E! wrote. "idk... maybe hosting...

Oprah Winfrey to interview Matthew McConaughey on Apple TV+ show

Oct. 27 (UPI) -- Oprah Winfrey will interview actor Matthew McConaughey on her Apple TV+ show this week. Apple said in a press release Tuesday that McConaughey, 50, will appear on Wednesday's episode of Winfrey's series The Oprah Conversation. The episodes premieres at 12 a.m. EDT. Advertisement McConaughey will discuss and share the stories of his...