Bank Branches Lose Their Allure in Developed Asia, McKinsey Says

Bank Branches Lose Their Allure in Developed Asia, McKinsey Says

By and April 16, 2018, 12:01 PM EDT A significant majority of people living in richer Asian countries would be willing to consider turning away from brick-and-mortar bank branches and shifting toward a digital-only proposition, according to a report by McKinsey & Co. A total of 23 percent in developed Asia countries said “yes” and […]

Asia Tech Earnings Will Rebound. It Might Not Last

Asia Tech Earnings Will Rebound. It Might Not Last

Asian technology earnings are in a bit of a funk right now, and that’s reflected in the very lackadaisical performance of the MSCI Asia Pacific Information Technology Index. Investors who shorted Tencent Holdings Ltd. a month ago would have done well, as I predicted even when the company’s most-recent set of earnings beat estimates. Largan Precision Co., […]

Is Asia Spotify's weak spot?

Is Asia Spotify's weak spot?

Agatha was shocked, sad and more than a little embarrassed when she received an email from Spotify recently saying her account had been suspended. The student, 22, from Yogyakarta on Java island, Indonesia, had been caught using a pirated version of the music streaming service that granted her access to features that would usually require […]

Hong Leong Asia to sell consumer products unit

Hong Leong Asia to sell consumer products unit

Fri, Apr 13, 2018 – 8:31 PM INDUSTRIAL conglomerate firm Hong Leong Asia on Friday said it plans to sell its consumer products unit following a restructuring exercise that began late last year. Hong Leong Asia said it has agreed with “certain unrelated local partners in China” to sell its stake in its consumer products […]

Sen. Gardner Focused On Asia In Pompeo Hearings

Sen. Gardner Focused On Asia In Pompeo Hearings

Sen. Gardner Focused On Asia In Pompeo HearingsMike Pompeo is the Secretary of State nominee. Uber Adding Safety Features To Services, AppUber testing new 911 button on app. Testimony Begins In Trial For Man Accused Of Killing, Dismembering GirlfriendAdam Densmore is accused of leaving parts of his former girlfriend’s body in several states after he […]

World Bank raises 2018 East Asia growth forecast, says tighter policy likely needed

World Bank raises 2018 East Asia growth forecast, says tighter policy likely needed

JAKARTA (Reuters) – The World Bank on Thursday raised its growth forecast for East Asia and Pacific for 2018, but it said the region’s economies may need to adopt tighter monetary policy and larger fiscal buffers to guard against short-term risks. A worker polishes steel pipes at a factory of Dongbei Special Steel Group Co […]

Thai energy companies roll out expansions across Southeast Asia

Thai energy companies roll out expansions across Southeast Asia

By Chayut Setboonsarng and Henning Gloystein BANGKOK/SINGAPORE (Reuters) – Thai energy companies are on a roll. The national oil and gas champion, a coal miner and power utility, upstart solar and wind companies, virtually all are expanding across Southeast Asia, applying practices and technology developed at home. Thailand is reaping the benefits of two decades […]

2018 Asia Cup shifted to UAE amid India-Pakistan cricket row

2018 Asia Cup shifted to UAE amid India-Pakistan cricket row

Pakistan and India players shake hands at Champions Trophy 2017 KARACHI: The 2018 Asia Cup has been moved from India to the United Arab Emirates over Pakistan´s refusal to cross the border, as relations simmer between the arch rivals, the Asian Cricket Council said Tuesday. The biennial event was due to be held in India […]

Poachers Load Up On California Coastal Succulents, Sell Them In Asia For $50 Each

Poachers Load Up On California Coastal Succulents, Sell Them In Asia For $50 Each

A new kind of poaching is taking place in Northern California: Thieves are stripping succulents from cliffs near the ocean, boxing them up and shipping them to countries like Korea, China and Japan. “It took us a while to figure out what was going on, because this has never really happened before,” said Capt. Patrick […]

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