Friday, 15 Nov 2024

Asia

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Politics, health collide in Taiwan's tortured BioNTech Covid-19 vaccine talks

TAIPEI (REUTERS) – As talks for Taiwan to access BioNTech’s Covid-19 vaccine via two major Taiwanese companies reached a head last week, the German firm’s Chinese sales agent put forward a template contract seeking access to Taiwanese medical records. The clause sparked alarm, as such a requirement would be anathema to Taiwan’s government, long wary […]

3 ways for Asean and China to achieve even closer economic cooperation: Chan Chun Sing

SINGAPORE – Adopting a long view, building an open and inclusive architecture, and fostering greater interoperability are some possible ways for Asean and China to achieve even tighter economic linkages, said Education Minister Chan Chun Sing on Monday (July 12). He was delivering the closing address for the FutureChina Global Forum, a two-day event bringing […]

How SoftBank's six-year, $14.9 billion bet on Didi turned sour

BEIJING (CAIXIN GLOBAL) – Like many money-losing tech startups, dominant Chinese ride-hailing company Didi Chuxing has relied heavily on private equity financing since its inception in 2012. Through 23 rounds of financing, Didi raised more than US$35 billion (S$47.3 billion) from nearly 100 investors, valuing the company as high as US$62 billion in an August […]

Indonesian state pharma delays plan to sell Covid-19 vaccines amid public backlash

JAKARTA (BLOOMBERG) – Indonesia’s state-owned pharmaceutical company Kimia Farma is delaying a plan to sell Covid-19 vaccines after public backlash against the move. The company will focus on preparing the programme first, said Mr Ganti Winarno Putro, a spokesman for the company. Kimia Farma was earlier set to market Sinopharm’s shots, which were ordered for […]

Hawkers cautiously welcome dine-in for groups of five

SINGAPORE – Stallholders at hawker centres, food courts and coffee shops here are still only cautiously optimistic about the prospects for business once dine-in restrictions are eased for groups of up to five people from Monday (July 12). More than 20 stallholders The Straits Times spoke with on Sunday said they were holding off on […]

Overwhelmed by Chinese fleets, Filipino fishermen 'protest and adapt'

MASINLOC, THE PHILIPPINES (NYTIMES) – The fishermen along the western coast of Luzon Island, in the Philippines, have known for generations that the seas, the tides and the weather can determine their fortunes. More recently, they have added China to that list. Scarborough Shoal, a nearby triangular chain of reefs and rocks in the South […]

India claims arrest of two Al-Qaeda-linked operatives

LUCKNOW, INDIA (AFP) – An Al-Qaeda offshoot in Kashmir planned attacks in northern India ahead of the country’s Independence Day, police claimed after arresting two men with alleged links to the group on Sunday (July 11). The two men were detained in a district in Lucknow city, the capital of the northern state of Uttar […]