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

Taiwan’s president has upset both business and workers

LIKE a nervous candidate in a job interview, shy yet formal, she fielded questions ranging from how to handle Chinese infiltration to why she always wears trouser suits. Tsai Ing-wen, Taiwan’s usually plain-speaking president, marked her second anniversary in office with a rare live interview with a critical website. Ms Tsai badly needs to restate...

South-East Asia: lots of elections, not so much democracy

DEMOCRACY’S worldwide retreat makes no exception for South-East Asia. In the Philippines President Rodrigo Duterte has thrown the law to the wind in his war on drugs. Many innocents are among thousands killed. He has imposed martial law in Mindanao in the south. And in early May he cheered on the sacking of the chief justice, a critic. In Cambodia,...

Halfway through her term, Taiwan’s president has upset both business and workers

LIKE a nervous candidate in a job interview, shy yet formal, she fielded questions ranging from how to handle Chinese infiltration to why she always wears trouser suits. Tsai Ing-wen, Taiwan’s usually plain-speaking president, marked her second anniversary in office with a rare live interview with a critical website. Ms Tsai badly needs to restate...

No country resorts to IVF more than Japan—or has less success

THE sterile façade of Kato Ladies Clinic gives little hint of the fecundity inside. Nestling among a plantation of high-rises in a business district of Tokyo, the clinic implants fertilised eggs in an average of 75 women a day. That makes it one of the busiest fertility hospitals in the world, says Keiichi Kato, the medical director. Japan has...

Terrorists in southern Thailand go on a bombing spree

This machine is temporarily out of service ON THE evening of May 20th, just as it was growing dark, a series of explosions blasted banks, cash machines and electricity poles at more than a dozen locations across southern Thailand. Just three people were hurt by the bombings, which took place when most locals in the Muslim-majority region would have...

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

Marci Miller says goodbye to 'Days of Our Lives'

May 26 (UPI) -- Days of Our Lives actress Marci Miller has taped her final scenes on the daytime soap opera. "And just like that, 2 very meaningful years have come and gone," Miller wrote in an Instagram post Friday. "I have been loved so well today. I will miss this cast. I will miss these people. I will miss this place. I am both heavy and light...

Amazon renews 'The Expanse' after Syfy cancellation

May 26 (UPI) -- Amazon has ordered a fourth season of The Expanse after the show was canceled by Syfy, its home for three seasons. "I was talking to the cast half an hour ago, before the break for dinner started," Amazon boss Jeff Bezos said at the National Space Society's International Space Development Conference in Los Angeles Friday night. "I...

Jenna Coleman, Tom Hughes start filming 'Victoria' Season 3

May 26 (UPI) -- Jenna Coleman and Tom Hughes began work this week on Season 3 of their British historical drama Victoria, which is set in the mid-1800s. Coleman plays the titular monarch and Hughes plays her husband. "Victoria and Albert are the most famous couple of the 19th century, but underneath the united facade, their relationship is at breaking...

Joe Mantegna, Gary Sinise to host National Memorial Day Concert

May 26 (UPI) -- Actors Joe Mantegna and Gary Sinise will host Sunday's National Memorial Day Concert in Washington, D.C. Among the performers set to take the stage are Alfie Boe, Charles Esten, Leona Lewis, Megan Hilty, Cynthia Erivo and conductor Jack Everly and the National Symphony Orchestra. Sinise's Lt. Dan Band will also sing. Expected to take...

Alicia Silverstone files for divorce from Chris Jarecki

May 26 (UPI) -- Clueless actress Alicia Silverstone has filed for divorce from Chris Jarecki, her husband of 13 years. Silverstone announced about three months ago that they had split up. "They still deeply love and respect each other and remain very close friends but have mutually decided to separate after being together for 20 years. They have a...