Asia Pacific

BVI tax haven picks Hong Kong for drive into Asia

The British Virgin Islands, known for its resorts as well as financial services, sees Hong Kong as ideal for its Asian hub. Photo: SCMP

The British Virgin Islands, a Caribbean tax haven, is to open an office in Hong Kong, amid mounting pressure on the city itself to be more transparent as offshore havens open up their financial secrets.

Thursday, 16 May, 2013, 4:15am

Frayed safety net offers Asia little protection from disasters

The opening ceremony of the Ministerial Segment of the 69th Commission Session of the Economic and Social Commission for Asia and the Pacific. Photo: Xinhua

Building resilience to multiple shocks is one of the most urgent development challenges facing Asia and the Pacific. Economic crises and natural disasters are more frequent, and respect no boundaries.

30 Apr 2013 - 5:35am

4G seen to widen Asian SMEs' reach

Google says there is not enough information online relating to the Asia-Pacific region, partly due to the dominance of English. Photo: Reuters

The launch of high-speed 4G services will help remove limits on internet use in Asia and give smaller businesses greater outreach to customers, according to industry experts.

18 Apr 2013 - 5:33am

President Xi Jinping issues call for regional stability

President Xi Jinping delivered a keynote speech at the annual Boao forum on Sunday. Photo: AP

President Xi Jinping said no country should be allowed to cause chaos in the region as he acknowledged Asia faced "new challenges" to its stability amid mounting concern over North Korea's nuclear threat.

29 Aug 2013 - 4:13am

Beijing in push for free trade deal with Japan, South Korea

Yu Jianhua (1st left), representative of China, speaks during the trilateral talks in Seoul on March 26, 2013. China, Japan and the South Korea started the first round of trilateral talks on the free trade agreement. Photo: Xinhua

Long-awaited talks on a free trade deal involving China, Japan and South Korea opened yesterday. And while tensions, rivalries and suspicions cloud their relations, Beijing is keen to counter US initiatives in the region, which has so far excluded China.

27 Mar 2013 - 5:40am

China bond with Russia keeps the peace: Xi

Chinese President Xi Jinping meets with Russia's Prime Minister Dmitry Medvedev in Moscow. Photo: Xinhua

The bond between China and Russia is one of the most important bilateral relationships in the world and provides "strategic balance to global order", President Xi Jinping said yesterday in an apparent reference to the United States' re-emergence in Asia.

24 Mar 2013 - 2:16pm

China's relentless push to reduce US influence in the Asia-Pacific region

Delegates from the People's Liberation Army (PLA) on Tiananmen Square. Photo: AFP

Why has the Chinese government, especially the People's Liberation Army, appeared more aggressive, self-confident and assertive in dealing with the US and its allies? The answer could lie in an ancient Chinese tactic called the "unrelenting strategy" - a part of the "36 stratagems" derived from the I Ching.

11 Mar 2013 - 3:16am 5 comments

US interest fading in pivot to Asia

US President Barack Obama. Photo: AFP

After a little more than a year of fanfare, President Barack Obama's "pivot" of American political, economic and military attention to Asia and the Pacific seems to be fading. The clues are subtle.

1 Mar 2013 - 3:32am

Passenger numbers rise for Asia-Pacific region's air carriers

This year is likely to see further growth in passenger traffic in the region. Photo: Bloomberg

Some 207 million international passengers were flown by the carriers in the region last year, up 7 per cent year on year, the Association of Asia Pacific Airlines (AAPA) said.

31 Jan 2013 - 5:20am

Asia Pacific economies to ease downward rating pressure

China's bottoming out economy will lead to stabilising growth in property sales and infrastructure. Photo: Xinhua

Moody's Investors Service expects downward rating pressure to ease in 2013 as the Asian region, excluding Japan, significantly outperforms the weak global economy.

23 Jan 2013 - 3:55am

Asia-Pacific's time to shine

A key factor in keeping Sydney's prices high is an under supply of property. Photo: Bloomberg

One person's challenge is another's opportunity, or so the saying goes. In the context of property investment, the euro zone's continuing woes seem to augur well for Asia-Pacific markets.

A global research report by real estate services firm DTZ suggests that from an investor's perspective "most Asia-Pacific markets remain attractive", considering the degree of uncertainty elsewhere.

23 Jan 2013 - 4:47am

Peak Re aims to ride Asia-Pacific potential

Peak Reinsurance, a new reinsurer aiming to capture the burgeoning Asia-Pacific market, launched yesterday, two weeks after getting official approval to offer underwriting operations in Hong Kong.

10 Jan 2013 - 4:21am

Bridge over the Pacific

US President Barack Obama tours the Shwedagon Pagoda in Yangon, with an eye on potential trade in the economic frontier. Photos: AP

More than a century and a half after Millard Fillmore dispatched an emissary to Asia to transform commerce across the Pacific, a US president again sees an historic opportunity to strengthen America's role in the region.

29 Dec 2012 - 4:58am

Beidou launches navigation data for Asia-Pacific region

Ran Chengqi, the spokesman for the Beidou Navigation Satellite System. Photo: Xinhua

The Beidou satellite navigation network began offering positioning data yesterday for the Asia-Pacific region - a milestone in Beijing's bid to challenge the US-controlled Global Positioning System (GPS).

28 Dec 2012 - 5:42am 1 comment

Asia-Pacific airlines to see sharp fall in profit

Asia-Pacific airlines including Cathay Pacific Airways are bogged down by the sluggish cargo demand from the West. Photo: Xinhua

Carriers in the Asia-Pacific will see their profits fall 44 per cent this year because of the weak cargo market and the slowdown in China, the International Air Transport Association said yesterday.

14 Dec 2012 - 3:00am