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

Australian voters approve gay marriage

FINALLY, after voting that lasted two months, November 15th brought a result. To the question “Should the law be changed to allow same-sex couples to marry?” almost 62% of Australians said yes; 38% said no. The Yes vote prevailed in all six of Australia’s states and its two main territories. Barely hiding a sense of relief, if not triumph,...

Journalist award

Miranda Johnson, The Economist’s former environment correspondent now based in South-East Asia, has won the Maritime Foundation’s Desmond Wettern Media Award for her coverage of the ocean.Read More

Japanese women are working more, but few are getting ahead

WHEN Kanako Kitano was job-hunting, she looked for a company that would not treat her differently because she is female. “The companies talked about how they gave the same opportunities to men and women,” the 21-year-old says. “But at the career fair they had men doing the talking surrounded by a bunch of women handing out leaflets.” She...

As South Asians gasp for breath, governments sit on their hands

THROUGHOUT its steep climb away from Delhi, the plane remained enveloped in an acrid fug. It was not until it reached cruising altitude that sunlight could break through. Off to the north, tickling an achingly blue sky, the pristine pinnacles of the Himalayas whispered a promise of fresh air. But as the aircraft crested the lip of the jagged bowl...

Indian states do battle over a sickly treat

A rasgulla by any other name… THE bowl filled with rasgulle at the counter of the K.C. Das sweet-shop wears a bejewelled turban, as if it were a human head. Its contents look like brains in a vat—and exert an unearthly power over the local imagination. On November 14th, to the delight of sweet-toothed Bengalis, India’s official registry of...

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

Southeast Asia M&A surges to $53.5b in Jan-Sept 2017, led by transport sector

Southeast Asia saw mergers and acquisitions worth $53.5 billion across 290 deals in the first three quarters of this year, a strong performance outdone only by the Q1 to Q3 performance in 2013. According to Mergermarket data, Q3 alone saw 97 M&A deals worth $26.7 billion in the region, up 81.8 per cent from the same period in 2016. Three...

Asia bucks trend: Global M&A deal value slips in July-Sept

The value of mergers and acquisitions globally dropped slightly in the third quarter of 2017, as big deals worth more than $10 billion were scarce given uncertainty about economic policy in the U.S. and Europe in particular, leaving dealmakers to feast on a plethora of smaller transactions. Even as major stock markets continued to climb higher, big...

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...

Acq Lite

Black Widow, Venom join 'Marvel vs. Capcom: Infinite' in new gameplay trailer

Nov. 22 (UPI) -- Marvel Comics characters Black Widow, Venom and Winter Soldier join the fight in a new trailer for fighting game crossover Marvel vs. Capcom: Infinite.The clip, released Tuesday, features the trio of characters in combat using their signature abilities, including Black Widow's gauntlets that can fire projectiles and Venom's superpowers...

'Riviera' star Julia Stiles welcomes son Strummer Newcomb

Nov. 22 (UPI) --Riviera star Julia Stiles is a first-time mom.The 36-year-old actress announced in an Instagram post Tuesday that she welcomed her first child, son Strummer Newcomb, with husband Preston J. Cook in October."Strummer Newcomb Cook, born October 20, 2017," Stiles captioned a photo of her baby boy holding onto Cook's thumb."Thanks and ever...

Jennie Garth 'taking time apart' from husband Dave Abrams

Nov. 22 (UPI) --Jennie Garth is "taking time apart" from her husband, actor and restauranteur Dave Abrams.The 45-year-old actress' rep confirmed Tuesday to Us Weekly that Garth is working through issues in her marriage to Abrams, 36.Garth and Abrams tied the knot at the star's Los Olivos, Calif., home in July 2015. The couple have not legally separated...

Chrissy Teigen, John Legend expecting second child

Nov. 22 (UPI) -- Celebrity couple Chrissy Teigen and John Legend are expecting their second child.The 31-year-old model announced the news Tuesday by sharing a cute video with daughter Luna.The clip gives a glimpse of Teigen's baby bump as she asks Luna, "What's in here?" The 19-month-old answers "Baby!" as she touches her mom's growing belly."it's...

Celebrities mourn David Cassidy: 'His memory and love will live on'

Nov. 22 (UPI) -- Celebrities such as Maureen McCormick and Brian Wilson have shared their thoughts concerning the death of David Cassidy on Twitter.Cassidy died Tuesday in a Florida hospital at the age of 67 after he was hospitalized in critical condition.The Partridge Family icon and singer was said to be surrounded by family when he died, including...