Asia Pacific

Headlines

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...

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

Finance

Will democracy in the Philippines go the way of Thailand?

WHEN Filipinos attempt to explain the political success of their tough-guy president, Rodrigo Duterte, they tend to point to local precursors. Joseph Estrada, a former matinée idol who had often played Robin Hood types, rose to the presidency by promising to be hard on bad guys and good to the poor. And then there is Ferdinand Marcos, who cultivated...

Aung San Suu Kyi’s ideas about curbing attacks on Rohingyas won’t work

The traffic out of northern Rakhine is one-way IN AN office on the outskirts of Sittwe, the capital of Rakhine state, an official in charge of fisheries points to a pile of documents. Here, he explains, is a five-year plan to modernise fish-farming in Rakhine—or rather, what is left of it. After a bout of violence last year, foreign donors withdrew,...

Entertaining at home, Western-style, is Japan’s latest fad

THE Japanese love to dine out, and have hospitality down to an art form, known as omotenashi. Yet rarely do they invite people to their homes. In a formal country, where people address one another by their surnames and respect for others guides behaviour, it is all too stressful. What is more, many Tokyoites are embarrassed to welcome people into...

Labour’s new leader shakes up New Zealand’s election

WHEN Jacinda Ardern was elected deputy leader of the Labour Party in March, she was unknown to most New Zealanders. The soft-left party was favoured by less than a quarter of voters when her uninspiring boss, Andrew Little, resigned last month, thrusting her into what she described as “the worst job in politics”. The change was akin to “anointing...

Ever more Indians are struggling to find work

A DOZEN hefty wooden crates sit outside a small factory on the outskirts of Lucknow, the capital of India’s most populous state, Uttar Pradesh. On the shop floor inside, where chattering machines bag and package herbal teas, a manager explains what will happen when he opens the crates. “His job will go,” he says, nodding at one boiler-suited...

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

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...

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...

Galaxy Group expands global start-up service network with US$ 30 million investment in IP Group

Beijing Galaxy World Group (Galaxy Group) announced a US$ 30 million strategic investment in IP Group (LSE: IPO), a well-known British developer of intellectual property-based business. The payment and settlement of relevant shares will be completed no later than 18 August 2017. Henceforth Galaxy Group will look to cooperate with IP Group in various...

Acq Lite

Ring of Honor, New Japan Pro-Wrestling collide at Death Before Dishonor XV

Sept. 20 (UPI) -- It will be East meets West at Ring of Honor's upcoming pay-per-view event Death Before Dishonor XV, which features ROH champion Cody defending his title against Minoru Suzuki of New Japan Pro-Wrestling fame.The title bout came together after Cody issued a worldwide open challenge that was met by Suzuki, who is the current NEVER Openweight...

Famous birthdays for Sept. 21: Bill Murray, Stephen King

Sept. 21 (UPI) -- Those born on this date are under the sign of Virgo.They include:-- Louis Joliet, French-Canadian explorer of the Mississippi River, in 1645-- British author/historian H.G. Wells in 1866-- Animator Chuck Jones (Bugs Bunny, Porky Pig, Wile E. Coyote) in 1912-- Actor Larry Hagman in 1931-- Singer/songwriter Leonard Cohen in 1934-- Radio...

Bernie Casey, actor and former NFL player, dies at 78

Sept. 21 (UPI) -- Bernie Casey, the actor and former NFL player who starred in several of the most well known films of the past 40 years, has died at the age of 78.Casey passed away after a brief illness at Cedars-Sinai Medical Center in Los Angeles, according to the Hollywood Reporter.Bor nin West Virginia in 1939 and raised in Columbus, Ohio, Casey...

Yoko Ono sues drinkmaker for selling 'John Lemon' soda

Sept. 21 (UPI) --Yoko Ono has filed a lawsuit against a Polish drinkmaker for using the likeness of John Lennon for a beverage called "John Lemon."Ono, who was married to the Beatles legend from 1969 until his death in 1980, accused the company of profiting off her former husband's likeness without permission.The drink's label contains a white background...

'Will & Grace' to start streaming via Hulu, NBC app Thursday

Sept. 20 (UPI) -- The 194 episodes of Will & Grace that have already aired on NBC will be available on-demand and via streaming services for the first time Thursday.The sitcom -- which initially ran for eight seasons from 1998 to 2006 -- may be watched on the NBC app, Hulu and on-demand through satellite, cable and telco pay TV providers.The re-runs...