Page 2 - Asia-pacific

Goldman to offer Asia-Pacific staff $5,000 for quarantine costs

Goldman staff in the region will be able to claim a one-time subsidy to cover costs from a mandatory quarantine stay effective Dec. 1

Chinese President Xi Jinping warns against 'Cold War' in Asia-Pacific

Chinese President Xi Jinping warned Thursday against letting tensions in the Asia-Pacific region cause a relapse into a Cold War mentality

1 in 3 firms to generate 30% of sales from digital products by 2023

With more and more enterprises heading towards their digital-first state, DX technology spending is expected to grow two times faster than overall IT.

Ready to reduce tariffs once RCEP comes into force next year: China

China expects the deal to significantly improve East Asia's economic integration and wants full implementation as soon as possible, according to a statement of China Ministry of Commerce on Saturday.

Beijing seeks to join an Asia-Pacific trade deal Donald Trump left

China submitted a formal application letter to join the deal, known officially as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership

Asia Pacific banks to face portfolio valuation losses as yields rise: Fitch

A rise in yields for long-dated sovereign bonds will result in near-term losses for the A-Pac banks as they recognise valuation changes on their available-for-sale bond portfolios, according to Fitch

Faster global growth will boost Asia Pacific's economic recovery: S&P

Asia Pacific's economic recovery from Covid-19 will be boosted by US stimulus and stronger global demand, S & P Global Ratings said on Thursday.Vaccine rollout in the region may lag other parts of the world but there will be enough progress to lift consumer spending and domestic demand later in 2021, it said in a report titled 'Economic Outlook Asia Pacific Q2 2021: Three-Speed Recovery Will Benefit From Faster Global Growth."S & P Global Ratings revised upward its growth forecast for Asia Pacific to 7.3 per cent for 2021 from 6.8 per cent previously.A faster-than-expected global vaccine rollout, a large dose of US stimulus and upside surprises in trade and manufacturing pushed its forecasts higher and offset recent weakness in household spending."We also expect gradual vaccine coverage in the region to encourage a virtuous cycle of higher spending on services, more jobs and rising incomes to power the next leg of recovery," said Shaun Roache, Asia Pacific chief economist at S

Make in India, tech transfer on table during Rajnath-Austin meet tomorrow

The meeting between US Secretary of Defence Lloyd J Austin and his Indian counterpart Defence Minister Rajnath Singh is scheduled to take place at 11 am in South Block on Saturday

Lufthansa appoints Elise Becker as vice-president for Asia-Pacific

German airliners group Lufthansa has appointed Elise Becker as its vice-president for Asia-Pacific, according to a statement. Becker, who succeeds Alain Chisari, will assume her new position at the Lufthansa Group's regional headquarters in Singapore from May 1, Lufthansa said. Chisari has been assigned a new role within the Lufthansa Group sales organisation, it said. She will be responsible for directing all commercial activities of the Group's premium airlines Lufthansa, SWISS, Brussels Airlines and Austrian Airlines. Becker's new role includes managing and strategically developing all airline joint ventures and partnerships in the region. "Becker brings with her a wealth of experience and expertise in the airline industry as well as the needed perseverance in these challenging times for Asia-Pacific which includes some of our most important markets world-wide," said Stefan Kreuzpaintner, senior vice-president (global sales) at Lufthansa Group. Lufthansa Group and its airlines

Australia lifts ban on Boeing 737 MAX, among first in Asia-Pacific region

No Australian airlines operate the 737 MAX, but Fiji Airways and Singapore Airlines Ltd operated them on flights to Australia

India to drive Covid vaccine delivery in Asia Pacific: Moody's Analytics

Says the country's position as world's largest vaccines maker with 60% of global share, will help it achieve this distinction

KKR raises $3.9 billion for its first Asia-Pacific infrastructure fund

KKR raises $3.9 billion for its first Asia-Pacific infrastructure fund

India only market in A-Pac with negative power sector outlook: Moody's

Stabilising cash flows amid power demand recovery, gradual pace of regulatory change and manageable transition to a low carbon economy underpin Moody's stable outlook for Asia-Pac power sector in 2021

Australia, Japan to bolster defence ties amid China's rise in Asia-Pacific

Australian Prime Minister is in Japan to hold talks with his Japanese counterpart to bolster defence ties between the two US allies to counter China's growing assertiveness in the Asia-Pacific region

Aus hopes Asia-Pacific trade deal will improve ties with China: Report

Trade disputes have hit a dozen Australian industries and threatened exports to China of agricultural products, timber and resources worth billions of dollars

India, Australia and Japan to form pact on supply-chain resilience

The arrangement will in the long term act as a counterweight to current and proposed trading arrangements in the Asia-Pacific region, officials said

Roca gets new MD for Asia-Pacific region; re-appoints MD for India

Also, the company announced the re-appointment of K E Ranganathan as managing director (India) for the next five years

ADB sees coronavirus slashing 2020 global remittances by over $100 bn

Remittances to Asia and the Pacific, which amounted to $315 billion in 2019, help fuel the consumption-led growth for some of the region's developing economies, including the Philippines

Covid-19 to cost airports in Asia-Pacific $3bn, 24% of passengers: Report

IATA last week said the coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year

Coronavirus could knock $211 bn off APAC economies, Japan most vulnerable

Japan would take 0.5 percentage point hit and Korea a 1 percentage point knock