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The Latest Breaking News from Asia

PIF Secures Record-Breaking $17bn Senior Unsecured Term Loan

Badeel has announced a partnership to establish the largest solar photovoltaic plant in the region, while Saudi Arabia’s Public Investment Fund (PIF) announced that it has secured a $17 billion seven-year senior unsecured term loan (63.7 billion Saudi riyals). The loan is the largest-of-its-kind general corporate-purpose loan worldwide. While the…

Asharq Al-Awsat

Ang Lee cast his son Mason Lee as Bruce Lee in new biopic

Mason has been training for the project for the last three years in Asia

The Independent UK

Indonesian collective at heart of antisemitism row top art world power list

ruangrupa group, who curated exhibition including mural with Jewish caricatures, are first Asian artists to top list

The Guardian - UK

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Asian shares gain after Fed chair signals slower rate hikes

Shares have advanced in Asia after a rally on Wall Street spurred by the chair of the Federal Reserve's comments on easing the pace of interest rate hikes to tame inflation

The Independent UK

India’s plan to take on China as south Asia’s favourite lender

With the private sector’s help, New Delhi has stepped up spending on infrastructure in neighbouring countries

Financial Times

Graham Arnold hails Socceroos after team ‘unites the country’ with World Cup run

The Australia coach was left ‘so proud and happy’ after his side’s 1-0 win over Denmark that saw Australia reach the last 16 for the first time since 2006

The Guardian - AU

The Cove only opened three years ago yet have become regular contestants in some of the country's top Asian food awards. They recently won Bangladeshi Restaurant of the Year at a ceremony in Glasgow

Edinburgh Live

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TRT predicts revenue rising as recovery gathers pace

SET-listed Tirathai (TRT), a local transformer maker and service provider, expects to rack up more revenue this year after transmission development projects across Asia, which were delayed the last two years, resume in the fourth quarter.

Bangkok Post

Canada's Indo-Pacific strategy: The same old starry-eyed thinking about Asian trade

Canada’s new Indo-Pacific strategy, announced with much fanfare by Foreign Affairs Minister Mélanie Joly, marks a welcome return of common sense in place of the illusions that have dominated Canada’s approach to Asia for the past quarter-century.

The Conversation

White landowners in Hawaii imported Russian workers in the early 1900s, to dilute the labor power of Asians in the islands

On Feb. 19, 1906, the mail steamer China pulled into the harbor in Honolulu, Hawaii. It had made the voyage from San Pedro, California, many times before, but this trip made front-page news. Local newspapers heralded the arrival of “one hundred and ten white men, women and children, the vanguard…

The Conversation

Can Asia-Pacific get to net zero?

The recent climate talks in Egypt have left us with a sobering reality: The window for maintaining global warming to 1.5 degrees is closing fast and what is on the table currently is insufficient to avert some of the worst potential effects of climate change. The Nationally Determined Contribution targets…

Bangkok Post

New world order starting in SE Asia

Right here, right now, the new international order is in the making. Because of the war in Ukraine, the divided world and its leaders had to rendezvous in Southeast Asia for nearly a week recently. Those with the stamina to last the duration have benefited the most from bilateral discussions,…

Bangkok Post

Breakout Watch: Insurance Giant Expands As Growth Accelerates

After expanding its Asia-Pacific presence via a deal with Cigna, P&C insurance leader Chubb is now testing a new buy zone.

Investors Business Daily

Analysis: Vietnam's anti-graft crackdown chills supply chains, investment

An anti-corruption drive in Vietnam has paralysed many routine transactions in the country, causing shortages of essential goods and dampening investor confidence in one of Asia's fastest growing economies.

Reuters

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The Independent UK

Asian shares fall as China protests, lockdowns cloud outlook

Shares have skidded in Asia, with Hong Kong dipping as much as 4% following weekend protests in various cities over China's strict zero-COVID lockdowns

Bangkok Post

Study: Thailand a leader in digital payments

Thailand is at the forefront of digital payments, part of a trend throughout Asia, according to Aileen Chew, Mastercard's country manager for Thailand and Myanmar.

The Independent UK

Asian faiths try to save swastika symbol corrupted by Hitler

In much of the world, the swastika is often equated to Adolf Hitler’s Nazi Germany – a symbol of hate that evokes the trauma of the Holocaust and the horrors of Nazi rule

Bangkok Post

Investors seen heading north, leaving SE Asia behind

The nascent revival in North Asian equities is being touted as the start of a potential bull run as bets for China’s gradual reopening as well as the bottoming out of the chip industry intensify.

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Bangkok Post

Thailand 'base' for SMBC's growth

Japan's Sumitomo Mitsui Banking Corporation (SMBC) will adopt Thailand as its base for expansion in Southeast Asia in celebration of its 70th year of operations in the kingdom, it says.

Bangkok Post

Equities pause as market takes stock of Covid cases

RECAP: Asian equities fell yesterday in subdued activity after the Thanksgiving holiday in the US. Chinese shares led declines as investors weighed recent gains against an upswing in Covid-19 infections, which reached a new single-day high above 30,000 infections.

Daily Mirror

Mystery shipwreck full of astonishing treasures is discovered after 150 years

A group of archaeologists have discovered a treasure-filled shipwreck 150 years after disaster struck the 125-foot vessel while it was travelling along Asia's longest river

Al Jazeera

Indian tycoon defends hostile takeover bid for broadcaster

Efforts by Gautam Adani, Asia’s richest man, to buy NDTV triggered debate over press freedom

Reuters

Hong Kong's Cardinal Zen among six fined over fund for protesters

One of Asia's most senior Roman Catholic clerics, Cardinal Joseph Zen, 90, was found guilty of failing to register a now-disbanded fund for pro-democracy protesters and fined HK$4,000($512) on Friday by a Hong Kong court.

Asharq Al-Awsat

Oil up amid Wrangling over Russian Oil Price Cap

Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures rose by 28 cents, or 0.33%, to trade at $85.62 a barrel at 0410 GMT. US West…

The Independent UK

Asian shares mixed as investors eye Tokyo inflation data

Asian shares are mixed as worries about the regional economy deepen and government data show higher-than-expected inflation in Japan

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