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The Latest Breaking News from Asia

BBL Asset Management (BBLAM) is overweighting its investment in Chinese and Asean stocks this year as the prospects for economic recovery are higher in Asia than in the West.

Bangkok Post

Millions of People Are at Risk of This Rare Climate Change Threat — Study

Flooding from glacial lakes is already threatening millions of people in Asia and Latin America due to climate change, a new study reports.

Inverse

Asian shares mixed after Wall St gains on Fed chair comments

Shares are mixed in Asia after stocks rallied on Wall Street following comments by the chair of the Federal Reserve signaling that last week’s stunningly strong jobs report won’t by itself sway its stance on interest rates hikes

The Independent UK

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IEA: Asia Set to Use Half of World's Electricity by 2025

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency. Much of Asia's electricity use will be in China,…

Asharq Al-Awsat

IEA: Asia set to use half of world's electricity by 2025

The International Energy Agency says Asia will for the first time use half of the world’s electricity by 2025

The Independent UK

Foreign funds flock to Asia amid economic recovery

Foreign funds continued to flow into Asian stock markets in January, backed by the economic recovery and China's reopening, according to a Stock Exchange of Thailand (SET) briefing on Tuesday.

Bangkok Post

B.I back in BKK

After holding his first fan meeting in Bangkok last year, South Korean rapper, singer and songwriter B.I will return for a full-scale concert, "B.I 2023 Asia Tour [L.O.L The Hidden Stage] In Bangkok", at Thunder Dome, Muang Thong Thani, on March 4 at 5pm.

Bangkok Post

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India-Pakistan contest on cards in Asian Junior Team Squash Championships

CHENNAI: The Indian men's and women's teams have been seeded second and third respectively in the HCL 21st Asian Junior Team squash Championships (under-19) which begins on Wednesday.

The Times of India

Glacial lake floods threaten communities in Asia, South America

Melting mountain glaciers pose a growing flood risk to some 15 million people around the world, researchers said in a report published on Tuesday, with communities in Asia facing the biggest danger.

Reuters

Towards a greener future: Bhutan, an example to the world on cutting emissions

As European countries struggle to reach their targets on reducing carbon emissions, one small landlocked country in central Asia stands as an example to the world. With nearly three quarters of its territory covered by woodland, Bhutan, with a population of around 780,000, claims to be a carbon-negative economy. As…

France 24

Johanne Siy is the winner of Asia’s Best Female Chef Award 2023

Filipino chef Johanne Siy of Lolla in Singapore has taken home the accolade of being Asia’s Best Female Chef Award for 2023. Voted for by the 300-plus members of the Asia’s 50 Best Restaurants Academy, the award celebrates women in gastronomy who continue to push the boundaries of excellence with…

Bangkok Post

Saudi Arabia Increases Price for Arab Light Crude to Asia

Saudi Arabia, the world's top oil exporter, raised prices for its flagship crude for Asian buyers for the first time in six months amid an expectation of oil demand recovery, especially from China, according to Reuters. Informed sources reported Monday that the official selling price (OSP) of Arab Light crude,…

Asharq Al-Awsat

Asian stocks mixed after Wall St sinks on rate fears

Asian stock markets are mixed after Wall Street sank under pressure from worries about higher interest rates and Japan reported stronger wage gains than expected

The Independent UK

Eastspring warns of volatility ahead

The investment outlook remains volatile in 2023 due to monetary policy tightening and geopolitical risks, but China and the rest of Asia will likely benefit from the reopening of borders, says Eastspring Asset Management (Thailand).

Bangkok Post

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Birmingham Post

Croda agrees £232m deal for South Korean beauty ingredients specialist

Solus Biotech set to join East Yorkshire giant's stable with expertise in high growth moisture rentention for skin and hair

Bangkok Post

Abrdn rolls out new Asia equity fund

Aberdeen Asset Management (Abrdn) is launching a new Asia equity fund focusing on Chinese and Thai stocks as it believes China's reopening will drive Thailand's tourism industry to expand substantially this year.

Tribune News Service

China’s power in Asia diminished by 'COVID-zero,' study shows

China’s standing in the Asia-Pacific has been damaged by its decision to stick with "COVID-zero" for most of 2022, leaving the U.S. to cement its position as the most influential power in the region, according to an Australian research group.

ABC News

United States remains Asia's most powerful country followed by China, analysis says

The Lowy Institute report ranks Japan as the third most powerful country in Asia, with India following in fourth place, and shows the pandemic has slowed China's rise over the last two years.

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Radio France Internationale

Mad for mangas: Asia leaves its mark on Angoulême comics fest

France’s fascination with manga comic books is booming, a trend highlighted at the Angoulême international comics festival at the end of January. Thousands of fans turned out to see Hajime Isayama, Ryoichi Ikegami and Junji Ito who hosted masterclasses and received special awards.

The Guardian - AU

Australia’s diplomatic influence in Asia on the rise as ALP advances interests abroad

Lowy Institute ranks country sixth overall in the Asia Power Index, behind US, China, Japan, India and Russia

Asharq Al-Awsat

Saudi ‘Arheb’ Offers Smart Shared Transport Solutions, Preserves Saudi Environment

Saudi Arabia’s “Arheb” transportation platform will connect drivers and passengers wishing to travel together between the country’s governorates and cities, in addition to neighboring Gulf and Arab countries. Arheb ensures the lowest cost of transportation for users and provides weekly and monthly packages for employees and students at competitive prices.…

Caixin Global

Fugitive Hong Kong Mogul Auctions Up to $2 Million in Luxury Handbags

Joseph Lau Luen-hung is selling 77 rare Hermès bags in the largest single-owner handbag sale ever held in Asia, according to Sotheby’s

inkl Originals

The Weekly Wrap for Saturday, 4 February 2023

Asia's richest man has watched a quarter of his fortune evaporate in a week. An industrial empire is teetering. And it's all because of one teeny-weeny little memo.

Evening Standard

Pizza and spag bol? How Susie Lau’s recent trip to Thailand went horribly wrong

Tempted by sun, sand and long overdue truly spicy Thai, Susie Lau flies halfway around the world and ends up with a limp slice of pizza and plate of spag bol

Reuters

Olympics-Russians' Asian route to Games not yet final-IOC's Lalovic

A proposed Paris 2024 Olympics qualification route for Russian and Belarusian athletes through Asian events has not been finalised or agreed, the United World Wrestling President Nenad Lalovic said on Friday.

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