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

Voters are not impressed with Japan’s new opposition party

THE candidate of the Constitutional Democratic Party (CDP), Akira Nagatsuma, spoke from the top of a gaisensha, a van adorned with banners and loudspeakers of the sort favoured by campaigning Japanese politicians. Later on, down the road, the hopeful from the Liberal Democratic Party (LDP), Fumiaki Matsumoto, also addressed passers-by from atop...

The half-million Rohingya refugees in Bangladesh will not leave soon

THE Kutupalong refugee camp in Bangladesh does not seem temporary. It consists of thousands of tents made of plastic and bamboo spread across undulating terrain. Groups of male refugees carry long poles on their shoulders to erect even more. Fish, vegetables and fruit are for sale in a market. Half-naked children squat outside stalls selling sweets...

Witches are still hunted in India—and blinded and beaten and killed

Not much to show for her guile AT LEAST Ramkanya Sen is alive. The grandmother spent three weeks locked in a windowless storeroom in the searing heat, refusing to eat, until a tip-off alerted a journalist to her predicament. The rescue came just in time, say doctors who revived Ms Sen (pictured) at a government hospital in Bhilwara, a small city...

The Philippine army recaptures a city seized by Muslim insurgents

Recaptured but ruined THE city of Marawi, President Rodrigo Duterte declared on October 17th, has been liberated from the jihadists who had seized control of it. Mr Duterte was speaking in Marawi a day after Philippine forces had killed Isnilon Hapilon, a leader of Abu Sayyaf, a local militant group, who had declared allegiance to Islamic State...

Kyrgyzstan holds an election that was not a foregone conclusion

Jeyenbekov at his most expressive AS THE young man hesitated, golden autumn leaves drifted down onto the streets of Bishkek, the relaxed capital of Kyrgyzstan. “It’s a choice between old and new. I can’t decide,” he explained, as he hovered outside the polling station. The choice was as unusual as it was difficult. Kyrgyzstan—a mountainous...

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

Jason Momoa, Amber Heard celebrate end of 'Aquaman' shoot with Instagram pics

Oct. 21 (UPI) -- Jason Momoa and Amber Heard shared on Instagram photos of them celebrating the end of production on their superhero movie Aquaman.The pair play the title character and Queen Mera respectively in director James Wan's movie, which is due in theaters Dec. 21, 2018."The countdown begins. @guinnessus to start spaghetti for dinner and @penfolds...

Original 'SNL' stars, Shonda Rhimes heading to Television Academy Hall of Fame

Oct. 21 (UPI) --John Wells, Shonda Rhimes, Joan Rivers, Roy Christopher and the entire original cast of Saturday Night Live are to be inducted into the Television Academy's Hall of Fame.The inaugural SNL ensemble included Dan Aykroyd, Chevy Chase, Laraine Newman and Jane Curtin, as well as the late John Belushi, Garrett Morris and Gilda RadnerThe Hall...

Chelsea Handler donates $1M for Puerto Rico hurricane relief

Oct. 21 (UPI) -- Comedian Chelsea Handler announced via Twitter she has donated $1 million to efforts to help Puerto Rico in the wake of Hurricanes Irma and Maria."I just gave 1,000,000 dollars to Unidos Por Puerto Rico. Where r ur donations, Koch Bros. Mercers, @realDonaldTrump? Day 1 of activism," Handler tweeted Thursday.Handler said Wednesday she...

Weinstein ending time in treatment; denies Nyong'o allegations

Oct. 21 (UPI) -- A representative for Harvey Weinstein says the disgraced producer will complete a one-week treatment program Saturday, but intends to stay in Arizona for another month to continue working with his doctors.Weinstein's psychologist told TMZ the movie mogul underwent "intensive therapy" on an outpatient basis, "dealing with his anger,...

Melissa Joan Hart shot part of 'Watcher in the Woods' on her iPhone

Oct. 21 (UPI) --Melissa Joan Hart says budget constraints forced to her to get creative in directing and producing her remake of the 1980 horror flick The Watcher in the Woods.The 41-year-old Clarissa Explains It All, Sabrina the Teenage Witch and Melissa & Joey actress unveiled footage from the TV movie at New York Comic Con, then talked with fans...