Thursday, June 17, 2021
Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday officially agreed to allow the United Kingdom to start the process of joining the pact, Japan's economy minister said. Japanese Economy Minister Yasutoshi Nishimura told reporters he welcomed the start of Britain's joining process after hosting...
Malaysian Prime Minister Muhyiddin Yassin on Monday announced an additional 40 billion ringgit (US$9.7 billion) stimulus package, ahead of the imposition of stricter lockdown measures to curb the rapid spread of Covid-19. The Southeast Asian nation is seeing a surge in coronavirus infections, with the number of new daily cases greater than India’s...
Early Monday morning in Asia saw Nikkei Asia came out with the news suggesting the doubling of Goldman Sachs property investment into Japan moving forward. Goldman Sachs will increase its property investments in Japan to about 250 billion yen (US$2.28 billion) a year from the current range of 100 billion...
Shares in jailed tycoon Jimmy Lai's Next Digital Ltd soared on Thursday, the first day of trading after a suspension of longer than a week following a freeze in the pro-democracy activist's assets under the national security law. In a late Wednesday statement, the media publisher said it had enough...
Even though the Tokyo Olympics are set to start in two months, calls for them to be cancelled have been growing louder in Japan as skepticism mounts over the organizers' ability to hold the multinational sporting event at a time when the country is struggling to contain the spread...
Taiwan's government has called for fair access to COVID-19 vaccines during a meeting with senior Western diplomats, as it faces a dwindling supply of shots during a spike in domestic infections. Taiwan has reported almost 1,000 new infections during the past week or so, leading to new curbs in the...
When Microsoft's Bill Gates said in 1994 that "banking is necessary, banks are not", financiers and analysts alike dismissed the claims as the wild musings of an over-imaginative techie. Fast forward a few decades and that vision is fast becoming reality. Grab is one of the most dominant super apps in...
Brief: U.S. and global buyers view Vietnam and India as alternative sourcing locations to China, according to a recent Q2 Barometer report by Qima, a provider of supply chain compliance solutions. Respondents listed both countries among their top three "buying geographies." Roughly a third of global buyers and 38% of...
China’s economy continued to boom in April from the record growth in the first quarter, with strong exports and rising business confidence supporting the recovery. That’s the outlook of an aggregate index combining eight early indicators tracked by Bloomberg, which remained unchanged from March in strong expansionary territory. Some of...
Japanese Economy Minister Yasuhisa Nishimura crossed wires, via Kyodo News, while boosting chatters over the return of the coronavirus-led emergency in the Asian major economy. ''The Japanese government plans to put Tokyo and three western prefectures of Osaka, Kyoto and Hyogo under a state of emergency from Saturday to May...
Asian equities were in green on Monday if one can ignore covid woes in key regional areas mainly in India, Indonesia and the Philippines. In doing so, the broader sentiment follows Wall Street's gain after the US economics stay firm following the faster jabbing in the West. Though, Europe's...
KKR has announced the final close of KKR Asian Fund IV, a US$15 billion fund focused on investments in private equity transactions across the Asia Pacific region. KKR will be investing approximately US$1.3 billion in capital alongside fund investors through the firm and its employees’ commitments. “Over the last 16...

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