Asia-Pacific

India is the second most targeted country by ransomware in the Asia-Pacific and Japan region in 2022, up from spot 3 in 2021, a new report said on Tuesday

While Delhi was ranked among the top airports for cleanliness, none of the Indian airports made it to the winners list in the other new categories

As per the International Air Transport Association (IATA), this was the worst performance of all regions and a decline in performance compared to October (minus 14.7 per cent)

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

Prasar Bharati Additional Director General Sunil has been unanimously elected as the Vice President of the Asia Pacific Broadcasting Union (ABU). Sunil has been elected for a three year term. Prasar Bharati had hosted the 59th ABU General Assembly and Associated Meetings in New Delhi last month. The ABU is a non-profit, professional association of broadcasters from Asia and Pacific regions. Its General Assembly was attended by over 400 representatives of broadcasting organisations from more than 57 countries.

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. In its latest report on 'AsiaPacific Outlook 2023', property consultant Knight Frank said that rent growth in the APAC region is expected to moderate in 2023 as corporate occupiers are looking to optimise overheads and generate savings. "The steady performance of the Indian office markets seen in 2022 is expected to sustain in 2023," it said. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY (year-on-year) in 2023, highest amongst the 24 APAC cities tracked in the report. Mumbai and New Delhi are the other Indian cities tracked in the report. New Delhi's prime office rental is expected to grow in the range of 4-6 per cent YoY followed by Mumbai in the 3-5 per cent YoY in 2023. The consultant attributed the expected growth in office rentals to a comparatively strong economic outlook, ...

Office rent in Bengaluru rose 12.1 per cent year-on-year in July-September this year, the highest in the Asia Pacific region, according to Knight Frank. In its Asia-Pacific Prime Office Rental Index for Q3 2022, property consultant Knight Frank said that Bengaluru topped the list with 12.10 per cent y-o-y (year-on-year) growth in office rentals in Q3 (July-September) 2022. Mumbai was at the 3rd rank in the index, recording 7 per cent y-o-y growth in office rentals, followed by Delhi-NCR at 14th rank, which remained stable during the period. Jakarta was in the second position with a 10.90 per cent growth in office rent. Taipei stood at fourth rank with a 5.50 per cent increase in rent, followed by Singapore with a 5.3 per cent rise, Brisbane with a 3.9 per cent appreciation and Seoul with a 3.7 per cent rise. Sydney ranked 8th with a 3.40 per cent rent increase, while Perth was at 9th position with 2.4 per cent rental growth and Shanghai at 10th rank with 1.9 per cent ...

Chinese President Xi Jinping has used his first face-to-face meetings with America's Asia-Pacific allies since 2020 to try to forge diplomatic inroads as Washington pushes back against Beijing's influence in the region. Xi has not backed away from China's longstanding claims to Taiwan and most of the South China Sea. But his comments to various leaders at the Asia-Pacific Economic Cooperation forum in Bangkok this week have focused more on Beijing's pivotal economic role for its neighbours. As China's stature has risen, its diplomacy has grown more nuanced than the high-handed approach that has sometimes sparked resentment in the past. Xi Jinping's diplomatic engagements and the supporting chorus of propaganda messages have sought to put forward a softer, smiling facade in what appears to be an effort to reduce friction and tensions, particularly with the U.S. and European countries that have become increasingly critical, frustrated and committed to competing with China, said Drew .

The war in Ukraine, great power rivalry Asia, inflation and food and energy shortages are on the agenda as leaders prepare for the third back-to-back gathering this week, a Pacific-Rim summit taking place in a heavily guarded venue in Thailand's capital. Leaders from the 21-member Asia-Pacific Economic Cooperation forum will meet formally in closed-door sessions on Friday and Saturday. For some, it will be at least the third such opportunity for face-to-face talks in the past two weeks, though the US is represented in Bangkok by Vice President Kamala Harris, who is attending instead of President Joe Biden. APEC's official mission is to promote regional economic integration. Most of the business conducted happens on the summit's sidelines in meetings such as a planned meeting between Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida. The two Asian powers have a history of tense relations, a legacy of Japan's World War II aggression compounded by territorial ...

The Asia Pacific region is facing three main risks, including due to global financial tightening and a slowdown in China, according to an IMF official. Shanaka Jayanath Peiris, Division Chief of Regional Studies Division, Asia Pacific Department at the IMF, also said that currencies in the region have depreciated sharply while public debt ratios have increased. "We have identified three main risks to the region -- global financial tightening, Ukraine-Russia war, which has raised commodity prices, but (has) also slowed external demand particularly from Europe and the slowdown in China," Peiris told PTI. He was speaking on the sidelines of the NSEIMF Seminar on Regional Economic Outlook for Asia-Pacific here on Wednesday. At the seminar, he shared the IMF's views on the current risks that the Asian economies face and the implications for India. "We have revised down the (growth) forecast but India is still relatively a bright spot in the outlook for the region... we have 6.1 per cen

The International Monetary Fund (IMF) said in a report released on Friday that economic growth in the Asia and Pacific region is expected to slow down in 2022 and 2023

Applications for the program are open from October 4 to November 14 this year and the program will commence in February 2023

In a Q&A, Bank of America's Head, Asia Pacific Investment Banking, says you don't need a bull market but predictability and stability to execute IPOs

A presidential commission on Asian Americans and Pacific Islanders has unanimously approved a recommendation for the provision of stamping of H-1B visas inside the US, a move if accepted by President Joe Biden will come as a big relief to thousands of foreign professionals, particularly from India. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. As per the current mandatory practice, one needs to apply for a visa stamp at a US Consulate or Embassy abroad before one's H-1B status can be activated. The move came from the President's Advisory Commission on Asian Americans, Native Hawaiians, and Pacific Islanders during its meeting at the White House on Wednesday. Notably, a large number of them either new or waiting for the renewal of H-1B visas are faci

The World Bank has downgraded growth for developing East Asia and Pacific to 3.2 per cent in 2022

State-owned lender had the highest cost-to-income ratio, according to S&P Global Market Intelligence

Organisations in the Asia-Pacific region took an average of 33 days to find and eradicate an attack and 11 days to recover from an attack -- totalling 44 days, according to Forrester

Anzu's in-game advertising solution allows programmatic advertisers to run their banner and video ads via blended yet highly viewable IAB-compliant ad formats that sit on 3D objects.

Total IT capacity in Mumbai jumped from 812 MW in Q2 to 1,006 MW in Q3, according to International Property Consultants Knight Frank