Brexit not deterring Asian investors from UK property market

  • 28 April 2017
  • From the section Business

Investing in property is a mainstay of most Asian portfolios and the UK has typically been among the most desirable of destinations.

Recent data suggests that despite the uncertainty created by Brexit and the upcoming general election, Asian investors are flocking to the UK's shores more than ever before.

Research from property investment firm JLL indicates that Asian investors accounted for 28% of the transactions in the UK property market in 2016, up from the 17% the year before.

London in particular continues to be a strong attraction, especially for Asian families who have long had a link to the city.

Pamela Kirpalani's family is originally from India, but she now lives and works in Singapore and runs her own training consultancy, Singapore Inner High Living. Her family are long time investors in the UK property market.

'London is London'

Read full article Brexit not deterring Asian investors from UK property market

Is real reform possible at South Korea's chaebols?

  • 24 April 2017
  • From the section Business
Lotte store in Busan airport

You just have to walk down the streets of Seoul to see how pervasive is the influence of South Korea's massive family-run business empires - or chaebols as they're known.

Samsung, Lotte, LG, Hyundai: they are unavoidable, selling everything from mobiles to laptops, cars to washing machines as well as food, drink and even health insurance.

Read full article Is real reform possible at South Korea's chaebols?

Samsung forecast beats estimates despite scandals and fires

  • 7 April 2017
  • From the section Business
Samsung Group chief, Jay Y. Lee, arrives at the office of the independent counsel in Seoul, South Korea, February 16, 2017. Image copyright Reuters
Image caption Samsung Group acting chief, Lee Jae-yong, has been in jail since earlier this year

Samsung Electronics is on track to report record annual earnings, despite its de-facto boss going on trial in a political corruption scandal.

It is forecasting a 48% rise in profits in the January-to-March period, thanks to strong memory chip sales.

Read full article Samsung forecast beats estimates despite scandals and fires

Empire 2.0? Banging the drum for UK business in India

  • 5 April 2017
  • From the section Business
British chancellor Philip Hammond (R) and Indian Finance Minister Arun Jaitley take part in a joint press conference in New Delhi on April 4, 2017. Image copyright Getty Images
Image caption Charm offensive: British Chancellor Philip Hammond and Indian Finance Minister Arun Jaitley

There's a scene in Gurinder Chadha's new British-Indian production, Viceroy's House, that offers a particularly revealing insight into the sentiments some Indians had about colonial rule during the last days of the British Raj.

"Well, whatever their differences are, all Indians have one thing in common," drawls Lord Mountbatten, played by Hugh Bonneville, in the film. "They can't wait to get rid of us."

Read full article Empire 2.0? Banging the drum for UK business in India

Be prepared: Asia braces for impact of more US rate rises

  • 16 March 2017
  • From the section Business
US dollar bills Image copyright AFP

"Be Prepared". It's the motto of every good Girl Guide. And it should have been the mantra of every major Asian central bank too, over the last few months.

In the words of my Guide leader (admittedly a few years ago), being prepared means being ready to cope with anything that might come your way.

Read full article Be prepared: Asia braces for impact of more US rate rises

Toshiba's troubles: What has gone wrong?

  • 14 March 2017
  • From the section Business

Japan's Toshiba has a huge hole in its finances, caused largely by a massive writedown on nuclear assets in the US.

So what's gone wrong at the company - and what is it doing about it?

Read full article Toshiba's troubles: What has gone wrong?

Meet the Donald Trump of Indonesia

  • 10 March 2017
  • From the section Business
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Media captionIs Hary Tanoesoedibjo Indonesia's answer to Donald Trump?

On top of a rock formation on the Indonesian island of Bali, sits Tanah Lot.

It's a simple 16th century Balinese temple, set against a backdrop of the Indian Ocean, but it's about to get a very 21st century neighbour.

Read full article Meet the Donald Trump of Indonesia

Why does Saudi Arabia invest in Southeast Asia?

  • 28 February 2017
  • From the section Business
King Salman and Najib Razak Image copyright AFP
Image caption Saudi King Salman and Malaysia's Najib Razak

Malaysia's Prime Minister Najib Razak has announced that Saudi Arabia is investing $7bn (£5.6bn) in an oil refinery in the country, a project that will be set up by Malaysian oil company Petronas.

The investment is the first deal to be signed during Saudi monarch King Salman's Asian tour, and is expected to help boost profits at Petronas, which has been struggling with low oil prices for the past few years.

Read full article Why does Saudi Arabia invest in Southeast Asia?

Toshiba: Why troubled Japanese firms survive

  • 14 February 2017
  • From the section Business
Toshiba Image copyright AFP

"What else are you hiding?" screamed journalists at Toshiba executives, according to this reporter's tweet from Tokyo.

From a cancelled earnings announcement, to a chairman resigning, to a shambolic shouting match between executives and reporters at a hastily organised press conference - it would be fair to say that Toshiba is facing a sorry state of affairs.

Read full article Toshiba: Why troubled Japanese firms survive

Press rewind: Trump, Tokyo and a welcome back to the 1980s

  • 9 February 2017
  • From the section Business
DESPERATELY SEEKING SUSAN, Madonna, 1985, Image copyright Orion Pictures/Everett Collection/Alamy

It was the decade of The Empire Strikes Back and Michael Jackson's song Beat It.

A time when Madonna introduced legions of teenage girls to scrunchies and Jane Fonda made lycra and leg warmers cool.

Read full article Press rewind: Trump, Tokyo and a welcome back to the 1980s