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

A court case exposes Singapore’s Victorian attitudes to families

Just don’t procreate IT SOUNDS like something out of a Lewis Carroll novel. First, a father had to petition the courts to be allowed to adopt his own biological son, who was born in America with the help of a surrogate, and thus was not automatically considered his child under Singaporean law. Then on December 26th a judge ruled that the adoption...

A small town in Japan doubles its fertility rate

A rare sight A PATCHWORK of nondescript houses nestled at the foot of a mountain, Nagicho looks like an ordinary Japanese town. On closer inspection, something extraordinary marks it out: babies. Yuki Fukuda is one of many local mothers with three children. The bump under her winter coat indicates that another is on the way, part of a baby bonanza...

A small Japanese city shrinks with dignity

THE snow accumulating on the Japan Alps is a reminder of the unforgiving winters in the city of Toyama. Kazuko Onagawa, at 87 years old, is unfazed. Lithe and trim, she power-walks around a swimming pool in the Kadokawa Preventative Care Centre. After she dries off she may drop into the gym, rehabilitation room or massage parlour. A doctor is permanently...

Why modern Japan’s founding moment still divides a nation

THE story of Japan’s modernisation began 150 years ago this month, when a band of young samurai and their allies overthrew the Tokugawa shogunate and with it seven centuries of feudal rule. Under the shoguns (military rulers), merchant and cultural life—centred upon bustling Edo—had been far from stagnant, as the stunning woodblock prints...

A watertight store of Indians’ personal data proves leaky

AADHAAR, India’s project to issue every resident a unique, biometrically verifiable identification number, is big, bold and in many ways brilliant. Aadhaar IDs provide a quick, easy and theoretically foolproof way for civil servants and firms to know for sure with whom they are dealing. Officials say the scheme allows better targeting of welfare....

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

RaySpec, a leading manufacturer of innovative detectors for X-rays has been acquired by Japanese Polatechno, Co. Ltd

Livingstone’s Industrial sector team has advised Baird Capital and the shareholders of its portfolio company RaySpec, a leading manufacturer of innovative detectors for X-rays, on its acquisition by Japanese Polatechno, Co. Ltd.  Headquartered in High Wycombe, UK, RaySpec (previously known as SGX Sensortech) is a leading supplier of high...

Antitrust, security reviews are changing Asia M&A

Asian buyers will have to better manage their transaction risks on M&A, as regulators increase their focus on security reviews. In the week that US Congress unveiled legislation to expand the power ofthe Committee on Foreign Investment in the United States...

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...

Acq Lite

'The Flash' standalone film 'Flashpoint' taps new directors

Jan. 17 (UPI) -- Writer and directors John Francis Daley and Jonathan Goldstein are in negotiations to direct Warner Bros.' upcoming Flash standalone film Flashpoint starring Ezra Miller.Daley and Goldstein became frontrunners after Warner. Bros. approached Batman star Ben Affleck to helm the film, but he declined, Variety reported.The filmmaking duo...

Paul Rudd, Evangeline Lilly suit up in new 'Ant-Man and the Wasp' photo

Jan. 17 (UPI) --Paul Rudd and Evangeline Lilly are ready for action in the latest on-set photo from Marvel's upcoming Ant-Man sequel, Ant-Man and the Wasp.The photo, released Tuesday on Twitter, features Rudd and Lilly in full costume as Ant-Man and Wasp complete with their hi-tech helmets.Lilly's Wasp costume is similar to Ant-Man's costume, but it's...

WWE Smackdown: Bobby Roode faces Jinder Mahal for U.S. Championship

Jan. 17 (UPI) -- The United States Championship Tournament came to an end Tuesday on Smackdown Live as a new title holder was crowned in the final round.Both semi-final matches followed by the final match took place on Smackdown starting with Jinder Mahal taking on Xavier Woods of The New Day.Woods seemed to be gaining momentum when his New Day teammates...

Famous birthdays for Jan. 17: James Earl Jones, Betty White

Jan. 17 (UPI) -- Those born on this date are under the sign of Capricorn.They include:-- American statesman, scientist and author Benjamin Franklin in 1706-- Author Anne Bronte in 1820-- British statesman David Lloyd George in 1863-- U.S. gangster Al Capone in 1899-- English novelist Nevil Shute in 1899-- Actor Betty White in 1922 (age 96) File...

Mila Kunis named 2018 Hasty Pudding Woman of the Year

Jan. 16 (UPI) -- Actress and producer Mila Kunis has been named Hasty Pudding Theatricals' 68th Woman of the Year.The Bad Moms star and That '70s Show alum will be honored by Harvard University's famed acting troupe with a parade and roast on Jan. 25 in Cambridge, Mass.Previous Woman of the Year Award recipients include Meryl Streep, Debbie Reynolds,...