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The Latest Breaking News from Asia

Hong Kong Set to Overtake Singapore in SPAC Market, With Help From Mainland Sponsors

Key Takeaways: Hong Kong has received six SPAC listing applications in the last month, even as regional rival Singapore’s similar program starts to turn quiet Most of Hong Kong’s SPAC applicants are backed by mainland Chinese companies, highlighting a major advantage the city enjoys over Singapore By Jony Ho

Benzinga

Global markets plunge, oil prices jump as Russia recognises breakaway Ukraine regions

Russia's move to recognise the breakaway Ukrainian regions of Donetsk and Luhansk has sent ripples through global markets on Tuesday, with falls across Asia, and in early trading in Europe. Oil prices also jumped, with the international benchmark Brent Crude hitting its highest level since mid-2014. Investors are now focusing…

France 24

Ukraine crisis: Asia braces for economic fallout

Analysts see both winners and losers from crisis, with China likely to benefit from diversion of Russian exports.

Al Jazeera

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Putin's Aggressive Moves Against Ukraine Lead To Bloodbath In Global Markets — Asia, Crypto, US Futures Suffer — Gold, Oil See Major Spikes

The move by Russian President Vladimir Putin to recognize two breakaway regions of Ukraine and subsequent movement of armed personnel and weapons in those areas threw the world’s markets into a state of a tizzy.

Benzinga

Asian shares drop as Putin orders troops to east Ukraine

Shares in Asia have fallen sharply after Russian President Vladimir Putin ordered forces into separatist regions of eastern Ukraine, a step suggesting a long-feared invasion was possibly underway

The Independent UK

Recovery lures foreign fund inflows

Thailand's bullish economic recovery is attracting high volumes of foreign fund inflows into Thai bonds and stocks, pushing the baht to a seven-month high, making it the strongest currency in Asia year-to-date.

Bangkok Post

Kyi Hla Han, former Asian Tour executive who elevated the status of golf in the region, is dead at 61

“Growing up, Kyi Hla was ‘the man’ in Asia, the guy we looked up to, the name every golfer knew.”

USA Today Sports Media Group

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Singapore, Hong Kong left behind as global travel rebounds

A global travel divide is deepening as some countries ditch COVID-19 restrictions including quarantines, isolation and even mandatory testing for good, while others cling to years-old curbs.

Tribune News Service

Soaring gasoline bad timing for Asian governments facing voters

Soaring gasoline prices are fanning inflation and causing a headache for governments and central banks worldwide. In countries with elections coming up, they’re an extra headwind for the incumbents.

Tribune News Service

First World Problems

Asian-American communities are full of stark divisions—including splits over whether to see themselves as "Asian Americans" in the first place.

Reason

With Weak Lira, Turkey Woos Foreign Firms

There is a silver lining to Turkey's currency crisis and the global supply chain crunch: The country is becoming an attractive alternative at the gates of Europe for foreign firms. Turkey is seizing on its geographic advantage to woo companies as the skyrocketing cost of sea freight and pandemic-related disruptions…

Asharq Al-Awsat

Can Mexico turbocharge pandemic nearshoring by US firms?

The case is building for US companies to move operations they offshored to Asia closer to home.

Al Jazeera

Asian Markets Drop as Ukraine Fears Return, Oil Extends Losses

Asian markets fell Friday following a steep drop on Wall Street fueled by renewed fears that Russia will soon invade Ukraine, adding to long-running angst about the Federal Reserve's plans to hike interest rates. While tensions in Eastern Europe continue to absorb most of the attention, oil extended losses as…

Asharq Al-Awsat

Asian shares mixed as Ukraine tensions send US stocks lower

Shares have mostly fallen in Asia as investors remain anxious over the possibility that Russia could invade Ukraine

The Independent UK

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The Independent UK

AP Week in Pictures: Asia

Feb. 11-17, 2021

The Conversation

Anti-Asian violence spiked in the US during the pandemic, especially in blue-state cities

It’s widely known that Asian Americans felt – and were – persecuted during the pandemic. But the extent of this violence, and its uneven geographic distribution across the U.S., is now much clearer, thanks to research I conducted with collaborators at the University of Massachusetts Lowell and the independent research…

The Independent UK

Vietnam to open up to vaccinated travellers from March

‘This is a big piece in the south-east Asia jigsaw’ - James Mundy, InsideAsia

Bangkok Post

Singapore opens to more countries, eases test rules

Singapore will ease Covid travel testing rules and launch new vaccinated travel lanes with the Philippines and Israel as it woos more tourists and seeks to reclaim its status of one of Asia’s major travel hubs. Shares of the city-state’s aviation-related stocks rose.

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The Conversation

A new species of flatworm in our gardens that comes from Asia: Humbertium covidum

A hundred animal or plant new species are described each year in metropolitan France. In most cases, these are native species, present here for a long time, but which had so far escaped the attention of scientists. In a very different way, we are now reporting the existence of a…

Bangkok Post

Hopes high for influx of Indian visitors to Pattaya

Tourism operators in Pattaya hope Indian travellers can provide some relief during the upcoming low season as the Tourism Authority of Thailand (TAT) prepares marketing plans for the South Asian country, in line with the Air Travel Bubble (ATB) agreement.

ABC News

Millions follow ex-NBA basketball star Zhou Qi on his NBL journey with South East Melbourne Phoenix

How do you grow engagement in a new NBL franchise from the thousands to the millions? Recruiting a superstar from China certainly doesn't hurt.

Bangkok Post

Southeast Asia poll shows China beats US as top economic power

China is seen as the most influential economic power in Southeast Asia, according to the new poll, although there’s caution over Beijing’s territorial positions over the South China Sea.

Reuters

Despite battlefield success, small killer drones slow to spread in Southeast Asia

Small, cheap, deadly drones caught the attention of military planners in 2020 when used to devastating effect in the conflict between Armenia and Azerbaijan, but political sensitivities may keep them out of Southeast Asia, a regional defence expert said.

Reuters

Asia's militaries hunt for smart buys amid COVID funding crunch

Countries throughout Asia are climbing out from under the economic rubble of COVID-19 and looking for cost-effective ways to upgrade their militaries, defence companies said on the sidelines of the Singapore Airshow this week.

The Independent UK

Asian shares rise on easing of Ukraine tensions, cheaper oil

Asian shares are higher, buoyed by hopes for a diplomatic solution instead of a Russian invasion of Ukraine

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