Asia Pacific

Headlines

​ChinaSavvy lands prestigious USD 1.3 million engineering contract to supply components for high-tech storage systems

Christopher Devereux, the Managing Director of ChinaSavvy today announced the company’s receipt of a USD 1.3 million order to supply components for high-tech robotic storage systems by Hamilton Storage, a global company with headquarters in Massachusetts, United States.ChinaSavvy is a British owned and managed engineering and manufacturing company...

Baird Capital expands in Asia

Baird Capital, the direct private investment arm of Robert W. Baird & Co. (Baird), today announced that Andy Tse, CFA has joined the firm as a Partner to help lead its investment efforts in Asia. Tse is a member of Baird Capital’s global team working to identify and pursue investments in the technology & services sector.A veteran executive with more...

Modern Energy Management Hires Kyle Katoski For Business Development

Emerging market specialist boosts South-East Asian team as it ramps up for substantial growth in Pakistan, Vietnam and MyanmarModern Energy Management (MEM), a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors, has announced the appointment of Kyle Katoski to the position of Head of Project...

Shahen N. Pradhan joins HSA Advocates as Associate Partner in the Disputes Practice

HSA Advocates (HSA) has roped in Shahen N. Pradhan as Associate Partner in the Mumbai office. Shahen joins to further strengthen the firm’s Dispute Resolution practice, and joins at a time when HSA is growing at a rapid pace towards achieving Vision 2021.Shahen was Principal Associate at J Sagar Associates (JSA). During his tenure at JSA, he was on...

Fidelity, Mercer and Pioneer top multi-asset tables

The fund managers have been performing well over three years, according to FN analysisRead More

Finance

America’s affirmation of the one-China policy pleased Taiwan, too

THE idea that China and Taiwan might be separate countries, rather than estranged parts of “one China”, is anathema in Beijing. So on February 9th, when Donald Trump told his Chinese counterpart, Xi Jinping, that America would respect the one-China policy after all (having previously questioned this polite fiction), Chinese officials were profoundly...

The leader of Cambodia’s opposition resigns

AT A wedding in the southern province of Kandal, the resignation of Sam Rainsy, the country’s longtime opposition leader, is announced in passing by a teenager scrolling through Facebook. The apparent departure of a figure who has been central to Cambodian politics for 20 years created a kerfuffle among Cambodia-watchers when it emerged this...

Japan’s government tries to free its soldiers from pacifist shackles

Handy in a conflict but no use in a fight MASAKI TOMIYAMA’S fight seems quixotic. He was happy for his son to join one of the world’s biggest, best-equipped armies, but cannot abide the idea that he might have to do any fighting. “I was very angry when I heard my son was being trained to kill people,” says Mr Tomiyama—so angry, in fact,...

Red v green in Vietnam

FISHING boats in Dong Hoi, a tranquil provincial capital on the central coast of Vietnam, are decorated with bits of cactus. These prickly charms are said to protect seafarers from storms and other perils, but they did not ward off the misfortune that struck the town last spring. In April the tides spewed thousands of dead fish onto Dong Hoi’s...

Why Kim Jong Un’s brother was murdered

THE last time Kim Jong Nam made the headlines he was also at an airport, travelling under a false name. In 2001 “Fat Bear”—the Chinese alias used by the son of North Korea’s leader at the time, Kim Jong Il—was arrested after arriving in Tokyo on a forged Dominican Republic passport, on his way to Disneyland. This time it was “Kim Chol”...

Legal

EU invests €444 million in energy infrastructure

The electricity, smart grid and gas projects will connect energy networks, increase the security of energy supply, and contribute to sustainable development, the Commission said."The Energy Union strategy has at its centre the transition to a low-carbon, and secure and competitive economy. Properly interconnected electricity lines and gas pipelines...

Singapore plans improved cybersecurity, digital campaign for SMEs

Singapore will also introduce a 'go digital' campaign to help the growth of small to medium sized enterprises (SMEs), Heng said in his annual budget speech.The Info- communications Media Development Authority (IMDA) will work with other agencies to give advice to SMEs on the technologies to use at each stage of their growth, he said.The campaign will...

China to begin construction of 35 railway projects

Construction is due to begin on 2,100km of new rail lines, 2,500km of double-track lines and 4,000km of electrified railway, Xinhua said, citing government officials who spoke to Economic Information Daily.Much of the work will take place in China's less-developed central and western regions to support poverty relief and improve connectivity, the news...

Search engines and rights holders finalise new code to address online copyright infringement

Under the code, Google and Microsoft's 'Bing' will take steps to demote links to copyright-infringing content within their search results. Music and film industry bodies, the BPI and Motion Picture Association, are the other signatories of the code.The code has also been endorsed by the Alliance for Intellectual Property, whose members include the Premier...

Commercial landlords may have to police illicit tobacco sales under HMRC proposals

The proposal, which is included among potential new sanctions to tackle tobacco duty evasion and other excise duty evasion, is "another example of HMRC pushing the burden of policing tax compliance onto businesses themselves", according to tax disputes expert Stuart Walsh of Pinsent Masons, the law firm behind Out-Law.com."Tobacco duty evasion is a...

Deals

Asia-Pacific financial sector M&A declines amid uncertainty

Volume falls 38% amid global turmoil; China, South Korea post growthThe number of mergers and acquisitions involving financial companies in the Asia-Pacific region dropped 10% in 2016 from the previous year amid increased global uncertainty, according to Deloitte Tohmatsu Financial Advisory.The business of buying and selling companies was negatively...

​Advent International acquires significant minority stake in ASK Group, a leading investment and wealth manager in India

Partnership to focus on accelerating ASK’s growth by strengthening its team, launching new products and expanding internationally.Advent International, one of the largest and most experienced global private equity investors, today announced that it has acquired a significant minority ownership interest in ASK Group (“ASK”), a leading investment...

Chinese government money backs buyout firm’s deal for U.S. chip maker

Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China's central government and also has indirect links to its space program, Chinese corporate filings show.Reuters, in a review of about a dozen filings...

Japanese electronics and ceramics manufacturer invests in British business

KYOCERA Document Solutions UK, one of the world's leading document solutions companies, announced the acquisition of Annodata, one of the UK’s largest independent providers of managed print and ICT services.  The acquisition, which was led by Kyocera Corporation in Japan, significantly increases the capabilities of KYOCERA Document Solutions...

Tech-focused investment bank China Renaissance targets growth at home, U.S.

Boutique investment bank China Renaissance, which has advised on some of China's top technology deals such as the listing of e-commerce firm JD.com (JD.O) and the formation of ride-hailing company Didi Chuxing, is making a big push to expand at home and in the United States.  The Beijing-based firm launched a domestic securities joint venture...

Acq Lite

'The Hills' alum Jason Wahler expecting first child

Feb. 22 (UPI) --The Hills alum Jason Wahler is going to be a first-time dad.The 30-year-old television personality announced in an interview with Entertainment Tonight that wife Ashley is pregnant and expecting a baby in August."We are so overjoyed and excited for this baby!" Wahler said. "We absolutely love kids and are so happy to finally be starting...

Adele, Pearl Jam and Dolly Parton perform on Brandi Carlile cover album

Feb. 22 (UPI) -- Music luminaries including Adele, Dolly Parton and Pearl Jam will perform on Brandi Carlile's Cover Stories: Brandi Carlile Celebrates Ten Years of The Story – An Album to Benefit War Child and Barack Obama, a Carlile fan, wrote a foreword for the album.Cover Stories will feature reinterpretations of the 14 songs on Carlile's 2007...

Amber Tamblyn welcomes first child with husband David Cross

Feb. 22 (UPI) --Sisterhood of the Traveling Pants star Amber Tamblyn has given birth to her first child with husband David Cross."David and I are proud to announce the birth of our daughter, Dauphinoise Petunia Brittany Scheherazade Von Funkinstein Mustard Witch RBG Cross Tamblyn-Bey jr. #TheFutureIsFemale," the actress wrote on Instagram Tuesday alongside...

Demi Moore joins the cast of 'Empire'

Feb. 22 (UPI) --Demi Moore is joining Fox's Empire in Season 4.The Ghost, G.I. Jane and Indecent Proposal star will appear in the last episode of Season 3 as "a take-charge nurse with a mysterious past" who will become more involved with the Lyon family the following season.This isn't the film star's first television role -- she started out on General...

Karrueche Tran granted restraining order against Chris Brown

Feb. 22 (UPI) --Chris Brown must now stay 100 yards away from his ex-girlfriend Karrueche Tran after the model filed for a restraining order.In court documents obtained by People magazine, Tran states that the pop star "threatened to kill me, to take me out to others," "threatened to kill me over text messages," "threatened to harass my friends" and...