Tag: Asia

Taiwan Finalizes Plans To End Quarantine For Int’l Arrivals On Oct. 13

Aircraft operated by China Airlines and Eva Airways sit on the tarmac at Taiwan Taoyuan … [+] International Airport in 2020. Photographer: I-Hwa Cheng/Bloomberg © 2020 Bloomberg Finance LP Taiwan, home to many of the world’s largest technology companies, has finalized plans to end its current three-day mandatory quarantine rule for all international arrivals starting […]

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One Of China’s Richest Women Gives $3.8 Bln Of Shares To Husband

Hengli Group is located west of Shanghai in the Chinese city of Suzhou. Photographer: Qilai … [+] Shen/Bloomberg © 2019 Bloomberg Finance LP One of China’s richest women is worth a few billion dollars less this week after switching a stake in a flagship business to her husband. Fan Hongwei, CEO of chemical fiber maker […]

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How The Covid-19 Pandemic Lifted Designer Vivienne Tam Into The Metaverse

Vivienne Tam at New York Fashion Week this month. VIvienne Tam The metaverse has captured imaginations worldwide with its portrayal of new vistas. The title of a new best-selling book this year summarizes the buzz: “The Metaverse” promises to explain “How It Will Revolutionize Everything.” One enthusiast from the fashion world: Vivienne Tam. Tam’s life […]

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Singapore’s SATS To Buy Worldwide Flight Services For $1.1 Billion To Create Biggest Air Cargo Handler

SATS Ltd. workers tow a cool dolly loaded with cargo from a Singapore Airlines cargo aircraft at … [+] Changi Airport in Singapore, on December 16, 2020. Lauryn Ishak/Bloomberg SATS Ltd. has agreed to buy Worldwide Flight Services (WFS) for €1.2 billion ($1.1 billion) in cash in a deal that will transform Singapore’s catering and […]

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Exploring how new technologies are changing finance

MIT Hong Kong Innovation Node held its annual financial technology (fintech) entrepreneurship boot camp this summer, connecting university students with corporate partners to tackle real-world business challenges.   Building on the belief that innovative, creative solutions deliver more value and a better experience, the MIT Entrepreneurship and Fintech Integrator (MEFTI) program featured unique problem statements proposed […]

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Philippines’ Globe Telecom Sells Cellular Towers For $340 Million To Macquarie-Backed Consortium

A Globe Telecom Inc. logo is displayed at the company’s shop in Manila, the Philippines, on … [+] Wednesday, Jan. 4, 2012. Philippine inflation eased to an 11-month low in December as gains in food and utility costs slowed, boosting scope for an interest-rate cut to aid economic growth. Photographer: Brent Lewin/Bloomberg © 2012 Bloomberg […]

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India’s Economy Will Grow To $30 Trillion: World’s Second Richest Person Gautam Adani’s Keynote Address At The Forbes Global CEO Conference 2022

Indian billionaire Gautam Adani is chairman of Ahmedabad-based conglomerate Adani Group, which has interests in ports, airports, green energy, cement, data centers and more. Recently, the 60-year-old tycoon, who founded his group in 1988 as a modest commodities trading business, surpassed Jeff Bezos, Bernard Arnault and Bill Gates to become the world’s second wealthiest person […]

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China Business Risks Likely To Keep Rising After Party Congress, Scholar Says

Chinese President Xi Jinping, left, and Russian President Vladimir Putin, walk to attend the … [+] Shanghai Cooperation Organization (SCO) summit in Samarkand, Uzbekistan, earlier this month. (Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP) Sputnik Foreign companies doing business with China that have endured heightened risks this year from geopolitical tension and Covid-19 pandemic […]

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XPeng Chairman Buys Nearly $30 Mln Of Shares As China EV Maker Slides To Record Low

XPeng Chairman He Xiaopeng in 2021. Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP He Xiaopeng, the billionaire founder and chairman of China electric vehicle maker XPeng, bought nearly $30 million of shares in the company on Friday as a fall in the Alibaba-backed company continued anew. XPeng slid 0.2% on Friday in New York […]

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Hong Kong Billionaire’s K. Wah Wins Shanghai Real Estate Bid, Sees “Excellent” Opportunity

Shanghai’s economy has been hurt this year by fallout from the country’s “zero-Covid” policies. … [+] Photographer: Qilai Shen/Bloomberg © 2022 Bloomberg Finance LP Hong Kong billionaire Lui Che-woo has been making successful investments in Shanghai real estate since the 1980s, such as K. Wah Center set along the city’s swank Huai Hai Road. A […]

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World Will Have Nearly 40% More Millionaires By 2026: Credit Suisse

North America and China helped fuel an increase in global wealth last year, according to the Global … [+] Wealth Report published by Credit Suisse Research Institute on Tuesday. Photographer: Michael Nagle/Bloomberg © 2022 Bloomberg Finance LP The world will have nearly 40% more millionaires in 2026 compared with the end of last year, according […]

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Trip.com, China’s Biggest Online Travel Site, Reverses To Profit In 2nd Quarter As Global Bookings Gain

Employees walk through the reception area at the Trip.com headquarters in Shanghai in 2021. … [+] Photographer: Qilai Shen/Bloomberg © 2021 Bloomberg Finance LP Trip.com, China biggest online travel site, said today it turned a profit in the second quarter compared with a year-earlier loss as global bookings improved despite continuing fallout from Covid-19 at […]

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Taxes, Inequality And Unemployment Will Weigh On China After Party Congress

Russian President Vladimir Putin, left, speaks to China President Xi Jinping during the Shanghai … [+] Cooperation Organization summit last Friday. (Sergei Bobylev, Sputnik, Kremlin Pool Photo via AP) Sputnik China Communist Party Secretary Xi Jinping is widely expected to get a third five-year term as the country’s leader after the upcoming party congress scheduled […]

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China Adds A New Energy Storage Billionaire

Shenzhen Hello Power went public at the Shenzhen Stock Exchange today. (Photo by VCG/VCG via Getty … [+] Images) VCG via Getty Images China, home to the world’s largest number of billionaires after the United States, added a newcomer from the portable energy storage field today. Shares in Shenzhen Hello Tech Energy, which debuted at […]

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How One Producer Promotes Change With Boys Love Drama ‘Semantic Error’

Park Seo-ham and Park Jae-chan star in ‘Semantic Error. AXIS CCP SJ “Sinxity” Shin knows firsthand the power that entertainment has in affecting positive change. For 10 years the CEO of AXIS CCP worked as a creative director at YG Entertainment, the launching pad for major k-pop acts such as BigBang, BlackPink, 2NE1, Winner and […]

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From Billionaire To Possible Bankruptcy: Pan Sutong’s Battle To Save His Real Estate Empire

Pan Sutong bet billions on a massive project to build opulent homes in Tianjin for China’s nouveaux riche—but the gamble backfired and now Pan’s creditors want to seize his assets. Pan Sutong’s empire at its peak had few rivals. The 59-year-old property mogul had once amassed a $12.2 billion fortune that included a palatial mansion […]

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‘Squid Game’ Takes Home Two Emmys—Best Lead Actor And Best Director

Actor Lee Jung-jae arrives for the 74th Emmy Awards at the Microsoft Theater in Los Angeles. (Photo … [+] by Chris Delmas / AFP) (Photo by CHRIS DELMAS/AFP via Getty Images) AFP via Getty Images Squid Game went home with two top awards at the Sept. 12 Emmy Awards ceremony. Altogether the Korean drama received […]

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Thai Aerospace Entrepreneur James Yenbamroong Bets Big With Spacetech Firm

Trained as an engineer, James Yenbamroong cut his teeth at defense giant Northrop Grumman before launching his own satellite company in Thailand. Mu Space is burning through capital to get his vision off the ground. The largest private satellite research and assembly center in Southeast Asia can be found on a busy frontage road parallel […]

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Webtoon Artist Kian84 To Exhibit New Art At London’s StART Art Fair

Kian84 is a well-known Korean webtoon artist and TV personality. StART Art Fair When Kian84 made a cameo as a webtoon artist in the TV drama Today’s Webtoon, it was a nod to his former career as one of Korea’s most popular manhwa artists. Kian84—aka Kim Hee-min—created the wildly popular Naver webtoon Fashion King, published […]

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Venice Film Fest: In The Shadows Of Grief, ‘For My Country’ Tells A Profoundly Personal Yet Universally Relevant Story

‘For My Country’ director Rachid Hami attends the photocall in Venice alongside the film’s producers … [+] and cast. La Biennale di Venezia / Giorgio Zucchiatti The Venice Film Festival celebrated the world premiere of Pour La France (English title: For My Country) by French filmmaker Rachid Hami. Deeply affecting and timely, this France-Taiwan co-production […]

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Venice Film Fest: ‘Love Life’ Director Koji Fukada Talks Japanese Film Industry And Family Narratives

Director Koji Fukada’s latest film, ‘Love Life,’ stars Fumino Kimura. Kento Nagayama and Atom … [+] Sunada. c2022 LOVE LIFE FILM PARTNERS COMME DES CINEMAS A gently-handled portrait of family, love and loneliness, Love Life debuted in the Venice Film Festival’s main competition on September 5. Perhaps best known for Harmonium (2016) which won the […]

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BYD’s Thailand Factory Plan Underscores How China’s EV Industry Is Going Global

Warren Buffett-backed BYD was the world’s top maker of electric vehicles in the first half of 2022. … [+] Photographer: Kiyoshi Ota/Bloomberg  © 2022 Bloomberg Finance LP Thursday’s announcement of manufacturing plans in Thailand by BYD, the world’s largest maker of electric vehicles, underscores how China’s suppliers are seizing upon growing demand for energy-saving vehicles […]

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Exclusive: Hongkong Land CEO Steers Century-Old Property Firm To Biggest-Ever Bets On Mainland China

The mainland’s property crisis hasn’t deterred Robert Wong. The chief of the 133-year-old business says now is the time to be brave. At a time when few dare to invest in China’s beleaguered property market, Hongkong Land CEO Robert Wong is doubling down. Over the past two years, the developer has made its largest-ever investment […]

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Billionaire Property Developer Chua Thian Poh’s Long-Term Bets Are Paying Off In Singapore And Beyond

This story is part of Forbes’ coverage of Singapore’s Richest 2022. See the full list here. After establishing Ho Bee Land as a niche developer of luxury homes for the uber-rich in the Sentosa waterfront enclave, Chua is doubling down overseas with the acquisition of The Scalpel, London’s iconic office tower. Many property developers pay […]

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Singapore Wealth Creation: Economic Outlook Is Cloudy In 2022

This story appears in the September 2022 issue of Forbes Asia. Subscribe to Forbes Asia Getty This story is part of Forbes’ coverage of Singapore’s Richest 2022. See the full list here. Rising living costs are on top of Singaporeans’ minds, as the government warns higher inflation and interest rates are likely to persist. Food […]

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China Billionaire Guo Guangchang’s Flagship Fosun Int’l Plunges To Nine-Year Low As Tourism Stake Cut

China billionaire Guo Guangchang’s Fosun International controls money-losing Fosun Tourism, the … [+] owner of Club Med and other luxury tourism brands. (Photo by Chesnot/Getty Images) Getty Images Shares in Fosun International, the flagship of Shanghai billionaire Guo Guangchang, tumbled by 5.9% to a more than nine-year low in Hong Kong on Tuesday as the […]

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‘Squid Game’ Wins Four Emmys At Creative Arts Emmys

South Korean actress Lee Yoo-mi, winner of the Outstanding Guest Actress in a Drama Series award for … [+] ‘Squid Game,’ attends the second day of the 74th Primetime Creative Arts Emmy Awards. (Photo by Michael Tran / AFP) (Photo by MICHAEL TRAN/AFP via Getty Images) AFP via Getty Images The internationally acclaimed Korean drama […]

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The Heroines In K-Drama ‘Little Women’ Echo Their Literary Inspiration

Kim Go-eun plays a timid accountant who finds her voice. Netflix In Louisa May Alcott’s book Little Women, the four March sisters endure years of poverty under the watchful eye of their gentle mother, Marmee. Their family’s lack of funds is at least partly due to their father’s noble calling, serving as a chaplain in […]

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Communists Might Be Managing Your Money—And Your Data

HONG KONG, CHINA – 2022/07/18: Pedestrians walk past the British multinational banking and financial … [+] services holding company, HSBC Bank branch in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The Chinese Communist Party may be setting up a secretive cell inside the financial institution that manages […]

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