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The latest Regional Asia Pacific News articles for Australian residents and businesses from National and International resources.

 
 

TransferWise moves into Asia Pacific with opening of regional HQ in Singapore - TechCrunch

TransferWise, the billion-dollar valued startup that reduces the cost of cross-border payments, has taken a big step to globalizing its service after it opened an Asia Pacific office in Singapore.

The UK-based service was started in 2010 by Estonian entrepreneurs Kristo Kaarmann and Taavet Hinrikus, its CEO, as a method for sending money from country to country more efficiently. It banishes hidden fees — which banks typically disguise with sub-market exchange rates — and offers near-market rates coupled with a transaction fee. Money is sent near-instantly when sender and recipient are both in supported markets, but for others it can take a few working days to process.

The firm has raised $117 million from investors to date, and was last valued at $1.1 billion. It claims that over one million people use its service to send over £1 billion each month. Beyond catering to consumers,...


Read full article on News GN Asia Pacific


Read more: TransferWise moves into Asia Pacific with opening of regional HQ in Singapore - TechCrunch

Astro partners Turner Asia Pacific to form strategic joint venture ... - The Star Online

Astro chief operating officer Henry Tan (pic) said the company’s focus is to deepen its involvement in content creation and ownership, particularly in Asian intellectual properties (IPs), which iwould pivotal in a market that values strong differentiation.

Astro chief operating officer Henry Tan (pic) said the company’s focus is to deepen its involvement in content creation and ownership, particularly in Asian intellectual properties (IPs), which iwould pivotal in a market that values strong differentiation.

KUALA LUMPUR: Astro Malaysia Holdings Bhd has partnered Turner Asia Pacific to form a strategic joint venture (JV) in Warner TV and co-production, distribution of Asian content for global reach.

This is alongside the distribution of Astro content and carriage of the channel on Astro and Tribe.

In a statement yesterday, Astro chief operating officer Henry Tan (pic) said the company’s focus is to deepen its involvement in content creation and ownership, particularly in Asian intellectual properties (IPs), which iwould pivotal in a market that values strong differentiation.

“We believe these IPs anchor our value proposition and are...


Read full article on News GN Asia Pacific


Read more: Astro partners Turner Asia Pacific to form strategic joint venture ... - The Star Online

Asia Pacific stocks slump after Wall Street underwhelms - Financial Times

Asia Pacific equities were enduring a choppy session after Wall Street turned in a middling performance on Thursday as investors paused to digest the prospects of the Trump administration’s proposed tax reforms as well as an upbeat assessment of the eurozone’s economy from its central bank president Mario Draghi.

In Sydney the S&P/ASX 200 was off 0.3 per cent, with gains of 2 per cent from the information technology segment offset by a 1 per cent drop in materials. Miner BHP Billiton was down 2.1 per cent after this week cutting production guidance for copper, iron ore and coking coal.

Tokyo’s Topix index shed 0.2 per cent as financial stocks suffered a 1.1 per cent drop. Shares in Nintendo rose as much as 2.9 per cent after the Kyoto-based games maker announced on Thursday after market close that its new switch console had sold 2.74m units since launch in early March.

The Hang...


Read full article on News GN Asia Pacific


Read more: Asia Pacific stocks slump after Wall Street underwhelms - Financial Times

Citrix Asia Pacific reports improved net loss of AU$650000 - ZDNet

Citrix Systems Asia Pacific has reported a net loss of AU$650,000 for the full-year ended December 31, 2016, an improvement from the AU$3.5 million reported in the previous corresponding period.

The enterprise technology company did not break down figures according to country or business, but reported that revenue in the Asia-Pacific region reached AU$259.3 million in 2016, slightly higher than the AU$258 million reported in 2015.


Read full article on News GN Asia Pacific


Read more: Citrix Asia Pacific reports improved net loss of AU$650000 - ZDNet

70% of work-related deaths worldwide occur in Asia Pacific – ILO - Rappler

While this annual rate is already staggering, the United Nations agency says the problem of occupational hazard may be worse, raising the possibility of underreporting

Patty Pasion

Published 5:29 PM, April 28, 2017

Updated 5:29 PM, April 28, 2017

OCCUPATIONAL SAFETY. Association of Labor Unions members hold lights candles for the victims of Kentex factory in Valenzuela City for the World Day for Safety and Health at Work on April 28. Photo by Nelson Vera/Rappler

OCCUPATIONAL SAFETY. Association of Labor Unions members hold lights candles for the victims of Kentex factory in Valenzuela City for the World Day for Safety and Health at Work on April 28. Photo by Nelson Vera/Rappler

MANILA, Philippines – Recent estimates by the International Labor Organization (ILO) showed that the Asia Pacific region has the highest chunk of work-related deaths in the world at 70%.

On Friday, April 28 – World Day for Safety and Health at Work – ILO said 1.4 million out of the 2.3 million annual work-related death toll are in the Asia-Pacific region.

"Most work-related deaths and non-fatal accidents occur...


Read full article on News GN Asia Pacific


Read more: 70% of work-related deaths worldwide occur in Asia Pacific – ILO - Rappler

Filipino, new head of Jesuit Conference of Asia Pacific - Vatican Radio - Vatican Radio

(Vatican Radio)  A Filipino is the new head of the Jesuit Conference of Asia Pacific. Father Arturo Sosa, the superior general of the worldwide Society of Jesus, or Jesuits, has appointed Father Antonio F Moreno, the current provincial of the Philippines, as the next president of the regional Conference. He succeeds Father Mark Raper, the former provincial of  Australia, who headed the Conference for 9 years.  Fr. Moreno will assume office within the next six months. 

"The fact that the Society relies so much on the Philippine Province at this time is surely an indication of the maturity and quality of the Province," Fr. Sosa  wrote in a letter dated April 22 appointing the new president of the Jesuit Conference of Asia Pacific.  He noted that the success of the Philippine Province is the "product of so many fine missionaries from other provinces who were sent to, began, and built...


Read full article on News GN Asia Pacific


Read more: Filipino, new head of Jesuit Conference of Asia Pacific - Vatican Radio - Vatican Radio

TFWA Asia Pacific Exhibition & Conference attracts record exhibitors - The Drinks Business

28th April, 2017 by Phoebe French

This year’s TFWA Asia Pacific Exhibition & Conference, taking place from 7 May to 11 May, has announced record exhibitor numbers.

317 brand companies will be in attendance at this year’s TFWA Asia pacific Exhibition & Conference, up from 310 exhibitors last year. This represents an increase of 2% and a 9% rise in numbers from 2015. New names include Giorgio Armani, Morellato Group, Be Relax and Nanyang Brothers Tobacco Company Ltd. Wine and spirits brands at this year’s show include Beluga vodka, Champagne Laurent-Perrier, Edinburgh gin and Smokehead whisky.

The exhibition space at Marian Sands Expo and Convention Centre has also been extended, from 9,817m2 in 2016 to 10,300m2 this year.

In 2016, the show attracted 2,905 visitors – including 660 from Singapore, 223 from Korea, 197 from Hong Kong and 106 from China – 37% of whom were reportedly key...


Read full article on News GN Asia Pacific


Read more: TFWA Asia Pacific Exhibition & Conference attracts record exhibitors - The Drinks Business

China banking heavyweights ranked top four in Asia Pacific - Hong Kong Standard (press release)

Business | Apr 28, 18:22

For the third consecutive year, China's Big Four — Industrial & Commercial Bank of China, China Construction Bank Corp., Agricultural Bank of China, and Bank of China — have been named the largest banks in Asia Pacific by assets, according to the latest ranking by S&P Global Market Intelligence.
ICBC tops the ranks with US$3.47 trillion in assets, while CCB ranks second with US$3.01 trillion in assets.
AgBank is third...


Read full article on News GN Asia Pacific


Read more: China banking heavyweights ranked top four in Asia Pacific - Hong Kong Standard (press release)

R404A replacement launched in Asia Pacific - Cooling Post

JAPAN: Honeywell has launched its lower GWP R404A replacement refrigerant R448A in the Asia Pacific region.

Marketed as Solstice N40, Honeywell promotes R448A as a near drop-in replacement for R22 and R404A. R448A is a blend of R32, R125, R134a,  R1234yf and R1234ze(E). Its GWP is around 1300 and is classified A1 by ASHRAE – non-toxic and non-flammable.

Honeywell reports that Solstice N40 has already been installed in more than 2,000 freezing and refrigerating systems worldwide, and leading freezers and refrigeration equipment manufacturers in Europe, the US, Japan and Asia Pacific have compatible equipment.

“In addition to Japan, Southeast Asia and Australia, we will also respond to the needs of our customers by setting up a product supply structure in New Zealand,” said David K Chen, Honeywell’s Asia Pacific marketing manager for fluorochemicals.

In a demonstration test conducted...


Read full article on News GN Asia Pacific


Read more: R404A replacement launched in Asia Pacific - Cooling Post

Asia Pacific's energy, mining, utilities M&A jumps 3-fold in Q1 - The ... - Economic Times

The growth of activity in the EMU sector is no surprise and is likely to continue throughout 2017, should oil and commodity prices stabilise further, leading to more opportunistic deals, Mergermarket's Adam Orlando said.The growth of activity in the EMU sector is no surprise and is likely to continue throughout 2017, should oil and commodity prices stabilise further, leading to more opportunistic deals, Mergermarket's Adam Orlando said.
NEW DELHI: Asia Pacific's energy, mining and utilities (EMU) sector focused merger and acquisition jumped three fold in the first quarter this year, with Australia emerging as the most popular target, says a Mergermarket report.

According to the global deal tracking firm, EMU was the only sector that recorded a year-on-year growth in the Asia Pacific excluding Japan region and registered a rise of 323 per cent year-on-year in the January-March 2017.

Australia was the most popular target country for EMU sector with 55 per cent of deals, followed by South East Asia (28.6 per cent).

India and Mongolia tied for the third place with 5.2 per cent of deals each.

The growth of...


Read full article on News GN Asia Pacific


Read more: Asia Pacific's energy, mining, utilities M&A jumps 3-fold in Q1 - The ... - Economic Times

North Korea Threatens Indo-Asia-Pacific Region, Harris Tells Legislators - Department of Defense

WASHINGTON, April 26, 2017 — North Korea remains the most immediate threat to the security of the United States and its allies in the Indo-Asia-Pacific, Navy Adm. Harry B. Harris Jr., the commander of U.S. Pacific Command, told the House Armed Services Committee today.

Addressing security challenges in the Indo-Asia-Pacific region, the commander noted how North Korea threatened Australia in the past week with a nuclear strike.

“[It’s] a powerful reminder to the entire international community that North Korea's missiles point in every direction,” Harris said. “The only nation to have tested nuclear devices in this century, North Korea has vigorously pursued an aggressive weapons test schedule with more than 60 listed missile events in recent years.”

Sense of Urgency

With every test, Kim Jong Un moves closer to his stated goal of a pre-emptive nuclear strike capability against...


Read full article on News GN Asia Pacific


Read more: North Korea Threatens Indo-Asia-Pacific Region, Harris Tells Legislators - Department of Defense

TransferWise moves into Asia Pacific with opening of regional HQ in Singapore - TechCrunch

TransferWise, the billion-dollar valued startup that reduces the cost of cross-border payments, has taken a big step to globalizing its service after it opened an Asia Pacific office in Singapore.

The UK-based service was started in 2010 by Estonian entrepreneurs Kristo Kaarmann and Taavet Hinrikus, its CEO, as a method for sending money from country to country more efficiently. It banishes hidden fees — which banks typically disguise with sub-market exchange rates — and offers near-market rates coupled with a transaction fee. Money is sent near-instantly when sender and recipient are both in supported markets, but for others it can take a few working days to process.

The firm has raised $117 million from investors to date, and was last valued at $1.1 billion. It claims that over one million people use its service to send over £1 billion each month. Beyond catering to consumers,...


Read full article on News GN Asia Pacific


Read more: TransferWise moves into Asia Pacific with opening of regional HQ in Singapore - TechCrunch

Asia-Pacific leads global business travel - Nikkei Asian Review

BANGKOK -- Business travel within Asia is growing at twice the pace of the rest of the world and looks set to overtake the top-spending Americas within 10 years, according to research by the World Travel and Tourism Council, a leading industry body, and Travelport, a U.S.-based travel commerce platform.

The research, presented at the WTTC Global Summit on travel and tourism in Bangkok on Thursday, shows that the business travel sector -- which accounted for nearly a quarter, or 23%, of all travel worldwide and was valued at $1.2 trillion in 2016 -- is set to grow by 3.7% per year over the next decade. But the strongest growth is expected in emerging market economies, with the Asia-Pacific region leading at a predicted rate of 6.2% in business travel each year to 2027.

The white paper called "Maximising Opportunities for Business Travel Growth," defined business travel as trips...


Read full article on News GN Asia Pacific


Read more: Asia-Pacific leads global business travel - Nikkei Asian Review

Filipino, new Head of Jesuit Conference of Asia Pacific - Vatican Radio

(Vatican Radio)  A Filipino is the new head of the Jesuit Conference of Asia Pacific. Father Arturo Sosa, the superior general of the worldwide Society of Jesus, or Jesuits, has appointed Father Antonio F Moreno, the current provincial of the Philippines, as the next president of the regional Conference. He succeeds Father Mark Raper, the former provincial of  Australia, who headed the Conference for 9 years.  Fr. Moreno will assume office within the next six months. 

"The fact that the Society relies so much on the Philippine Province at this time is surely an indication of the maturity and quality of the Province," Fr. Sosa  wrote in a letter dated April 22 appointing the new president of the Jesuit Conference of Asia Pacific.  He noted that the success of the Philippine Province is the "product of so many fine missionaries from other provinces who were sent to, began, and built...


Read full article on News GN Asia Pacific


Read more: Filipino, new Head of Jesuit Conference of Asia Pacific - Vatican Radio

Asia Pacific home to world's worst 'press freedom predators' – watchdog - Asian Correspondent

2017-04-26T200751Z_2107307582_RC140EF2E4B0_RTRMADP_3_USA-TRUMP-940x580

US President Donald Trump reacts after signing an executive order on education during an event with Governors at the White House in Washington, DC, 26 April 2017. Source: Reuters/Carlos Barria


Read full article on News GN Asia Pacific


Read more: Asia Pacific home to world's worst 'press freedom predators' – watchdog - Asian Correspondent

Astro partners Turner Asia Pacific to form strategic joint venture ... - The Star Online

Astro chief operating officer Henry Tan (pic) said the company’s focus is to deepen its involvement in content creation and ownership, particularly in Asian intellectual properties (IPs), which iwould pivotal in a market that values strong differentiation.

Astro chief operating officer Henry Tan (pic) said the company’s focus is to deepen its involvement in content creation and ownership, particularly in Asian intellectual properties (IPs), which iwould pivotal in a market that values strong differentiation.

KUALA LUMPUR: Astro Malaysia Holdings Bhd has partnered Turner Asia Pacific to form a strategic joint venture (JV) in Warner TV and co-production, distribution of Asian content for global reach.

This is alongside the distribution of Astro content and carriage of the channel on Astro and Tribe.

In a statement yesterday, Astro chief operating officer Henry Tan (pic) said the company’s focus is to deepen its involvement in content creation and ownership, particularly in Asian intellectual properties (IPs), which iwould pivotal in a market that values strong differentiation.

“We believe these IPs anchor our value proposition and are...


Read full article on News GN Asia Pacific


Read more: Astro partners Turner Asia Pacific to form strategic joint venture ... - The Star Online

Asia Pacific stocks slump after Wall Street underwhelms - Financial Times

Asia Pacific equities were enduring a choppy session after Wall Street turned in a middling performance on Thursday as investors paused to digest the prospects of the Trump administration’s proposed tax reforms as well as an upbeat assessment of the eurozone’s economy from its central bank president Mario Draghi.

In Sydney the S&P/ASX 200 was off 0.3 per cent, with gains of 2 per cent from the information technology segment offset by a 1 per cent drop in materials. Miner BHP Billiton was down 2.1 per cent after this week cutting production guidance for copper, iron ore and coking coal.

Tokyo’s Topix index shed 0.2 per cent as financial stocks suffered a 1.1 per cent drop. Shares in Nintendo rose as much as 2.9 per cent after the Kyoto-based games maker announced on Thursday after market close that its new switch console had sold 2.74m units since launch in early March.

The Hang...


Read full article on News GN Asia Pacific


Read more: Asia Pacific stocks slump after Wall Street underwhelms - Financial Times

Citrix Asia Pacific reports improved net loss of AU$650000 - ZDNet

Citrix Systems Asia Pacific has reported a net loss of AU$650,000 for the full-year ended December 31, 2016, an improvement from the AU$3.5 million reported in the previous corresponding period.

The enterprise technology company did not break down figures according to country or business, but reported that revenue in the Asia-Pacific region reached AU$259.3 million in 2016, slightly higher than the AU$258 million reported in 2015.


Read full article on News GN Asia Pacific


Read more: Citrix Asia Pacific reports improved net loss of AU$650000 - ZDNet

North Korea Threatens Indo-Asia-Pacific Region, Harris Tells Legislators - Department of Defense

WASHINGTON, April 26, 2017 — North Korea remains the most immediate threat to the security of the United States and its allies in the Indo-Asia-Pacific, Navy Adm. Harry B. Harris Jr., the commander of U.S. Pacific Command, told the House Armed Services Committee today.

Addressing security challenges in the Indo-Asia-Pacific region, the commander noted how North Korea threatened Australia in the past week with a nuclear strike.

“[It’s] a powerful reminder to the entire international community that North Korea's missiles point in every direction,” Harris said. “The only nation to have tested nuclear devices in this century, North Korea has vigorously pursued an aggressive weapons test schedule with more than 60 listed missile events in recent years.”

Sense of Urgency

With every test, Kim Jong Un moves closer to his stated goal of a pre-emptive nuclear strike capability against...


Read full article on News GN Asia Pacific


Read more: North Korea Threatens Indo-Asia-Pacific Region, Harris Tells Legislators - Department of Defense

Gregg Daffner elected President of Asia Pacific Satellite Communications Council - isleofman.com

Gregg Daffner elected President of Asia Pacific Satellite Communications Council

Gregg Daffner, CEO of GapSat and a member of ManSat’s Board of Advisors, was elected and inaugurated as the President of the Asia Pacific Satellite Communications Council (APSCC) at the Council’s recent General Assembly.

The APSCC is one of Asia’s leading non-profit international associations, representing all sectors of satellite and space-related industry, including private and public companies, regional and government ministries and agencies, and academic and research entities. It works to promote communications and broadcasting via satellite as well as outer space activities in the Asia-Pacific for the socioeconomic and cultural welfare of the region.

As the main representative of APSCC, Gregg will be responsible for setting the policies and goals of APSCC in consultation with the APSCC Board of Directors, Vice Presidents and Executive Director.
 
Speaking at the General Assembly,...


Read full article on News GN Asia Pacific


Read more: Gregg Daffner elected President of Asia Pacific Satellite Communications Council - isleofman.com

Weather Asia Pacific

Beijing


A few clouds, 17°

Jakarta


Haze, 26°

Tokyo


A few clouds, 13°

Manila


Partly cloudy, 28°

Hanoi


A few clouds, 22°

Bangkok


Thunderstorm, 24°

Seoul


A few clouds, 8°

KualaLumpur


Partly cloudy, 24°

 

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