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☆ A fluffy, $85 toy is taking Asia by storm and sparking legions of knockoffs. Inside the meteoric rise of Labubu.
▼ + stars: | 2024-11-15 | by ( Aditi Bharade | Erin Liam | ) www.businessinsider.com time to read: +9 min

The Labubu and Pop Mart phenomenonLabubu dolls at the opening of a Pop Mart store in Bangkok. AdvertisementIn a statement to BI, a representative from Pop Mart said that Labubu has gained a strong global fan base. Advertisement"There's a bit of a 'FOMO' feeling," said Sim, 31, who owns around six Labubu toys. She has around 17 Labubu toys and said she spent over $10,000 on them. Once, she even camped outside a Pop Mart store for the latest drop.

Persons: —, Grace Lee, Lee, ─, Joey Khong, Khong, Bangkok . Sun Weitong, Lung, it's restocked, Tony Lee, Mart doesn't, Taobao, Erin Liam, Lisa, Juda, Kanaprach, Gen Zers, They're, Labubu, It's, Sim Pei Yi, Sim, Ana Gonzales, she's, Gonzales, Tracy Hsu, Lisa —, Hsu Organizations: Service, Getty, Business, Pop, Pop Mart, Daxue Consulting, Southeast, Insight, Singapore, Mart Locations: Asia, Bangkok . Sun, Xinhua, Hong Kong, Beijing, Singapore, Pop, Southeast Asia, Japan, South Korea, China, Philippines, New Jersey, California, Canada

☆ US returns looted antiquities worth $10 million to India
▼ + stars: | 2024-11-15 | by ( Karina Tsui | ) edition.cnn.com time to read: +2 min

CNN —The United States has returned more than 1,400 looted artifacts worth $10 million to India as part of an ongoing initiative to repatriate stolen art from countries across South and Southeast Asia, the Manhattan District Attorney’s office announced Wednesday. The trafficked goods recovered include items that, until recently, were on view at New York’s Metropolitan Museum of Art. The DA’s office obtained an arrest warrant for him in 2012though he remains in custody in India, pending his extradition to the US. Since its creation over a decade ago, the Manhattan District Attorney’s Antiquities Trafficking Unit –– a task force of lawyers, investigators and art experts –– has recovered 5,800 antiquities valued at almost $460 million. In July, the US and India signed an agreement to protect cultural property by preventing illegal trades and streamlining the process of returning stolen antiquities back to India.

Persons: Nancy Wiener, Subhash Kapoor, Alamy Kapoor, ” William Walker, – – Organizations: CNN, Manhattan District, New York’s Metropolitan Museum of Art, Manhattan, Attorney’s, Metropolitan Museum of Art, federal Homeland Security Locations: United States, India, South, Southeast Asia, New, London, American, New York, Rajasthan, Tamil, Germany, 2012though, York

☆ Indonesia’s Argo Wilis Panoramic offers a scenic ride through Java
▼ + stars: | 2024-11-14 | by ( Leyla Rose | ) edition.cnn.com time to read: +8 min

This is the view from the Argo Wilis Panoramic, a bright and airy carriage on the Argo Wilis train. The Argo Wilis Panoramic carriage sits idle in Surabaya Gubeng Station. “For example, the Argo Wilis is named after a non-active volcano in East Java,” explains a railway guard. As well as the Argo Wilis Panoramic, there is also the Argo Parahyangan Panoramic and the Pangandaran Panoramic running back and forth between Jakarta and Bandung. If you’re traveling west on the Argo Wilis Panoramic, it’s worth exploring Bandung, where the train terminates.

Persons: Josh Edwards, KAI, ”, Argo, Yogyakarta Josh Edwards, There’s, It’s, Siripong, Parahu, Ismail Rajo, “ Organizations: CNN, Argo, Solo, KAI, UNESCO, Heritage, ” Locations: Surabaya, East Java, Bandung, West Java, Southeast Asia, Indonesia, Java, Surabaya Gubeng, Sumatra, Sulawesi, Jakarta, Yogyakarta, Borobudur, Asia, Indonesia’s, Central Java, Surakarta, Pasar, Sukuh, Mt Lawu, Nature, Ismail, Paris, ” Bandung, British

☆ 'Many dark times': How this startup founder overcame self-doubt and started a $100-million-a-year business
▼ + stars: | 2024-11-13 | by ( Ernestine Siu | In Ernestinesiu | ) www.cnbc.com time to read: +5 min

Jeffrey Tiong, founder and CEO of PatSnap. Courtesy of Jeffrey Tiong. Just ask Jeffrey Tiong. "Let me put it this way: For the last 17 years, building the business, there have been many dark times [and] low times. Courtesy of Jeffrey Tiong.

Persons: Jeffrey Tiong, Tiong Organizations: PatSnap, CNBC, National University of Singapore, The Wharton School, Patsnap Locations: Singapore, Patsnap, East Malaysia, Kota Kinabalu, U.S, Philadelphia, Europe, Asia

☆ Who’s Attending COP29, the International Climate Summit?
▼ + stars: | 2024-11-13 | by ( Mira Rojanasakul | ) www.nytimes.com time to read: +9 min

Over 50,000 people are gathered in Baku, Azerbaijan, for the United Nations climate conference known as COP29. This is the second largest of the annual gatherings in their history, according to official estimates and recently published data. Diplomats from nearly 200 member countries will seek a deal on climate financing to support the clean energy transition in developing economies. Recent years have seen a spike in the number of guests, particularly from Europe, sub-Saharan Africa and the Middle East. Politicians started to take more interest in the climate talks in 2009, when they were held in Copenhagen.

Persons: Donald J, Trump, COP6, Keir Starmer, ”, Richard Kinley, they’ve, They’ve Organizations: Climate, United Nations, Diplomats, Paris Copenhagen, Berlin, COP3, Dubai, New York, Paris Copenhagen Official, CENTRAL, NORTH, NORTH AFRICA EAST, NORTH AFRICA Official, EAST ASIA, COP1, CENTRAL ASIA, EAST, PACIFIC, Copenhagen COP15, United, United Arab Emirates, Azerbaijan Russia United Arab, Swarthmore, Ivory, Ivory Coast Democratic Locations: Baku, Azerbaijan, United States, Europe, Saharan Africa, COP28, Dubai, Paris, Copenhagen, United Kingdom, China, SAHARAN AFRICA, NORTH AFRICA, NORTH AFRICA EAST ASIA, Berlin, ASIA, EUROPE, EAST ASIA, AFRICA, Russia, United Arab, Qatar, Doha, Azerbaijan Russia, Azerbaijan Russia United Arab Emirates Qatar, Ivory Coast, Ivory Coast Democratic Republic of Congo Senegal Ghana

☆ Grab CFO: Southeast Asia still a very under-penetrated market
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGrab CFO: Southeast Asia still a very under-penetrated marketGrab raises its full-year outlook on revenue and EBITDA. CFO Peter Oey highlights bright spots in the company's earnings pictures, and says he continues to see strong demand in Southeast Asia.

Persons: Peter Oey Locations: Asia, Southeast Asia

☆ Trump's win is already scrambling supply chains
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.

Persons: Donald Trump's, —, Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam

☆ Want to cash in on China's stimulus? Here's what the pros expect next
▼ + stars: | 2024-11-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chinese markets are back in the spotlight after a slew of government stimulus measures over recent weeks. "I think the right way of looking at what China's up to, really, is to see it as a process," he told CNBC's "Street Signs Asia" on Monday. His comments come as China's Ministry of Finance signaled Friday that more fiscal support could come next year . Stocks to watch As investors ponder how to navigate the Chinese market, Bernstein said there are attractive opportunities in "growth and high volume stocks [aligned] with policy led rebound." Both Tencent and Meituan trade on the Hong Kong Exchange and in the U.S. as American Depository Receipts (ADR) under the ticker TCEHY and MPNGY .

Persons: Jordan, CNBC's, we've, Paul Cavey, Donald Trump, Carey, Stocks, Bernstein, — CNBC's Evelyn Cheng, Michael Bloom Organizations: Pella Funds, Ministry, Finance, Asia Econ, Healthcare, China Internet, Hong, Hong Kong Exchange Locations: Pella, Asia, Real Estate, downgrades, China, Hong Kong, Tencent, U.S

☆ Four storms churning the West Pacific at the same time mean more bad news for the Philippines
▼ + stars: | 2024-11-12 | by ( Helen Regan | Robert Shackelford | ) edition.cnn.com time to read: +5 min

CNN —Four separate storm systems are churning their way through the West Pacific simultaneously, a rare occurrence resulting from warmer oceans that threatens to bring more misery to the storm-weary Philippines. Satellite images from the Joint Typhoon Warning Center show the four storms spanning the vast West Pacific basin, from Vietnam to Guam. They are Typhoon Yinxing, Typhoon Toraji, Tropical Storm Usagi and Tropical Storm Man-Yi. The fourth storm on the heels of Usagi is Tropical Storm Man-Yi, which is currently about 430 kilometers (265 miles) east of Rota, Guam. Man-Yi is expected to continue moving west, reaching typhoon strength Friday morning, and could potentially hit the northeastern Philippines by early next week.

Persons: It’s, Yinxing, Trami, Charism Sayat, Ferdinand Marcos Jr, we’re, ” Marcos, ”, Toraji, Yi, Usagi, Rey, Gaemi Organizations: CNN, West Pacific, Japan’s Meteorological Agency, Typhoon, Tropical, Getty, Typhoon Kong Locations: West, Vietnam, Guam, Philippines, Polangui, Albay, South, Manila, AFP, China, Hainan Province, Cagayan, Iloco Norte, Luzon’s Aurora Province, Luzon, Rota, Bato, Camarines Sur province South, Typhoon, Asia, Southeast Asia

☆ Indonesia’s new leader posted video of his congratulatory call with Trump. Both lavished each other with praise
▼ + stars: | 2024-11-12 | by ( Helen Regan | ) edition.cnn.com time to read: +4 min

CNN —Indonesia’s new President Prabowo Subianto posted a video of his phone call congratulating Donald Trump on his reelection, during which the former special forces commander referenced his American “training” and called the US-president elect “sir” multiple times. Prabowo, who is in Washington for an official visit, posted the almost three-minute phone conversation on his official social media channels Monday and said he would like to “call personally” on Trump. “Wherever you are I’m willing to fly to congratulate you personally, sir,” Prabowo said in the video. It’s not easy,” Trump told Prabowo. “The most important objective of democracy is giving people the leaders and representatives they want,” Prabowo told reporters from his swimming pool.

Persons: CNN —, Prabowo Subianto, Donald Trump, “, Prabowo, ” Prabowo, Trump, Joe Biden, scrutinizing, ”, ” Trump, Xi Jinping, Keir Starmer, Joko, Suharto Organizations: CNN, Trump, White, he’s, Soviet, Reuters, Pacific Cooperation, British, News Agency Locations: Washington, Indonesia, United States, Indonesian, Washington , DC, Asia, Beijing, China, Peru, Brazil, Jakarta, Prabowo, London

SEOUL, South Korea — As foreign governments prepare to deal with a second Trump administration, at least one key U.S. ally is hoping to make headway on the fairway. Last month, the U.S. and South Korea agreed on a new five-year cost-sharing plan for the U.S. troops. Maintaining a strong security alliance with the U.S. is especially important for South Korea given the growing hostility from nuclear-armed North Korea. That in turn could lead South Korea and even Japan to consider whether they need nuclear weapons of their own. Stella Kim reported from Seoul, South Korea, and Jennifer Jett reported from Hong Kong.

Persons: Trump, Yoon Suk, “, Donald Trump, Yoon, ”, Shinzo Abe, David Boling, Chung Sung, Abe, Abe “, Boling, ” Yoon —, ” Jeremy Chan, “ I’ve, Yoon doesn’t, he’s, ” Chan, Lydia Ko, Ko, Shigeru Ishiba, ” Boling, Chan, Choi Sang, mok, Joe Biden, Brendan Smialowski, Kim Jong, Stella Kim, Jennifer Jett Organizations: NBC, South, Eurasia Group, Trump, House, Paris Olympics, Japanese, U.S, South Korean Finance, Seoul, Getty Locations: SEOUL, South Korea, U.S, Florida , New Jersey, Virginia, North Korea, Japan, New York, Seoul, United States, East Asia, China, Northeast Asia, New Zealand, Scotland, Korea, Chiba, AFP, Hong Kong

☆ Indonesia’s new leader calls for collaboration with China before heading to the U.S.
▼ + stars: | 2024-11-11 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +2 min

Subianto wrapped up the first stop of his first overseas trip since taking office three weeks ago. He is headed next to Washington — where the U.S. government is confronting China’s rise — and then to Peru and Brazil for the Asia-Pacific Economic Cooperation and Group of 20 summits. They agreed to hold a first-ever joint meeting of their foreign and defense ministers in 2025, a joint statement said. China also helped build Indonesia’s first high-speed railway, an 88-mile route between Jakarta and Bandung that opened last year. But a flood of low-priced Chinese products has hit Indonesia’s garment makers hard, closing factories and prompting calls for import tariffs.

Persons: Prabowo Subianto, ”, Subianto, Washington —, Xi Jinping, ” Subianto, “ Organizations: BEIJING, Economic Cooperation, Group Locations: China, Washington, Peru, Brazil, Asia, “ Indonesia, Indonesia, South China, Beijing, Indonesian, Jakarta, Bandung

☆ Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
▼ + stars: | 2024-11-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. Meanwhile, Vietnam's trade surplus with the U.S between January and September stands at $90 billion. U.S. data shows that the U.S. trade deficit with China narrowed to $279.11 billion in 2023, from $346.83 billion in 2016. Regardless of tariffs, Goldman still expects continued pressure for the relocation of certain supply chains from China to Southeast Asia, India or Mexico in particular.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Trump, Andrew Tilton, Tilton, Mr Trump, Trump's, Brian Tan, Mari Pangestu, Pangestu, Goldman Organizations: of, People, Pacific, Trump, U.S, United, Emerging Asia, Barclays Bank, FT Commodities Locations: Beijing, China, U.S, Asia, Korea, Taiwan, Vietnam, South, United States, India, Japan, Singapore, Thailand, Malaysia, Mexico, Indonesia, Trump, Southeast Asia

☆ Singapore's DBS eyes Malaysian bank stakes in expansion push, Reuters reports
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: +3 min

Deliberations are in very early stages, however, the sources said, and any formal negotiations for an acquisition of a stake in a Malaysian bank would need approval from the Malaysian central bank, or Bank Negara Malaysia. "We do not comment on market rumors and speculation," said a spokesperson for DBS, Southeast Asia's biggest lender by assets. Alliance Bank, the second smallest listed bank in Malaysia by total assets, and Bank Negara Malaysia did not respond to requests for comment after business hours on Friday. DBS is the only Singaporean bank without a retail banking presence in Malaysia. Local rivals Oversea-Chinese Banking Corporation and United Overseas Bank both have retail banking operations in Malaysia.

Persons: Piyush, Gupta, Tan Su Shan, Anwar Ibrahim Organizations: DBS Group Holdings, DBS, Alliance Bank Malaysia Bhd, Kuwait Finance House's, Bank Negara Malaysia, Temasek, Alliance Bank, Kuwait Finance House, Local, Oversea, Chinese Banking Corporation, United Overseas Bank, Gupta, Malaysian Locations: Malaysia, Singapore, Temasek, Kuwait, Malaysian, Bank, China, India, Indonesia, Taiwan

☆ Stimulus for Chinese consumer key to spur growth, says economist
▼ + stars: | 2024-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStimulus for Chinese consumer key to spur growth, says economistPaul Cavey from East Asia Econ says China needs to target "new growth", instead of focusing stimulus on the real estate, as economic growth shifts further from the traditional property market.

Persons: Paul Cavey Organizations: East Asia Econ Locations: East Asia, China

☆ Scarborough Shoal: China maps out baseline claims over a contested South China Sea shoal with the Philippines
▼ + stars: | 2024-11-10 | by ( Story Ap | ) edition.cnn.com time to read: +2 min

China has published baselines for a contested shoal in the South China Sea it had seized from the Philippines, a move that’s likely to increase tensions over overlapping territorial claims. Both China and the Philippines claim Scarborough Shoal and other outcroppings in the South China Sea. The statement added that one of the laws signed by Marcos, the Philippine Maritime Zones Act, violates China’s sovereignty in the South China Sea. This photo taken on February 15, 2024, shows an aerial view of over Scarborough Shoal in the disputed South China Sea. China stakes claim to almost the entirety of the South China Sea.

Persons: Ferdinand Marcos Jr, Marcos, Sta Rosa Organizations: Foreign Ministry, Scarborough, Philippine, Ministry, United, Philippine Maritime, Getty Locations: China, South China, Philippines, Scarborough Shoal, Philippine, Luzon, Beijing, United Nations, AFP, Vietnam, Asia

☆ Trump said he will divide Russia from China. It's a tough bromance to break.
▼ + stars: | 2024-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

President-elect Donald Trump claims he can split the alliance between Russia and China. "The one thing you never want to happen is you never want Russia and China uniting," Trump said. These are potentially all things that Trump could use to drive a wedge between Russia and China." The Trump effectAnother factor likely to draw Russia and China closer together is Trump himself. In East Asia, Trump has accused allies of freeloading off the US, a source of tension Beijing will likely seek to exploit.

Persons: Donald Trump, —, Tucker Carlson, Trump, Biden, Vladimir Putin of, Xi, China's, Putin, Stefan Wolff, Carlson, Wolff, Paul Cormarie, Jonathan Ward, Vladimir Putin, they'd, Robert Dover, Zhiqun Zhu, Cormarie Organizations: Service, Trump, University of Birmingham, Pentagon, Trade, Anadolu, Getty, Central, RAND Corporation, BI, Hudson Institute, Kremlin Press, Anadolu Agency, International Security, Hull University, NATO, Bucknell University Locations: Russia, China, Ukraine, Glendale , Arizona, Vladimir Putin of Russia, Moscow, Beijing, Taiwan, Russian, Bering, European, East Asia

☆ 'Fat Leonard,' Navy contractor behind bribery scheme, sentenced to 15 years
▼ + stars: | 2024-11-05 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

SAN DIEGO — Former military defense contractor Leonard “Fat Leonard” Francis was sentenced Tuesday to 15 years in prison for masterminding a decade-long bribery scheme that swept up dozens of U.S. Navy officers, federal prosecutors said. The Malaysian defense contractor was a key contact for U.S. Navy ships at ports across Asia for more than two decades. He pleaded guilty in 2015, admitting that he had offered more than $500,000 in cash bribes to Navy officials, defense contractors and others. While awaiting sentencing, Francis was hospitalized and treated for renal cancer and other medical issues. The felony convictions of four former Navy officers were vacated following allegations of prosecutorial misconduct.

Persons: Leonard “, Leonard ” Francis, Janis L, Sammartino, Francis, Prosecutors, Leonard’s, Leonard, “ Leonard Francis, Tara McGrath, ” Prosecutors, Francis ’, overcharge, snipped, — Organizations: DIEGO, U.S . Navy, U.S, Navy, Attorney’s, . Naval, ”, Glenn Defense Marine Asia Ltd, Prosecutors, Simon Bolivar International Locations: masterminding, Venezuela, ” U.S, Singapore, Malaysian, Asia, Kobe, Thailand, Philippines, Southeast Asia, San Diego, Mexico, Cuba, Caracas, Russia

☆ ‘Fat Leonard,’ Navy contractor behind one of the military’s biggest scandals, sentenced to 15 years
▼ + stars: | 2024-11-05 | by ( Associated Press | ) edition.cnn.com time to read: +4 min

San Diego AP —Former military defense contractor Leonard “Fat Leonard” Francis was sentenced Tuesday to 15 years in prison for masterminding a decade-long bribery scheme that swept up dozens of U.S. Navy officers, federal prosecutors said. The Malaysian defense contractor was a key contact for U.S. Navy ships at ports across Asia for more than two decades. He pleaded guilty in 2015, admitting that he had offered more than $500,000 in cash bribes to Navy officials, defense contractors and others. While awaiting sentencing, Francis was hospitalized and treated for renal cancer and other medical issues. The felony convictions of four former Navy officers were vacated following allegations of prosecutorial misconduct.

Persons: Leonard “, Leonard ” Francis, Janis L, Sammartino, Francis, Prosecutors, Leonard’s, Leonard, “ Leonard Francis, Tara McGrath, ” Prosecutors, Francis ’, overcharge, snipped, — Organizations: Diego AP, Former, U.S . Navy, U.S, Navy, Attorney’s, . Naval, ”, Glenn Defense Marine Asia Ltd, Prosecutors, Simon Bolivar International Locations: masterminding, Venezuela, ” U.S, Singapore, Malaysian, Asia, Kobe, Thailand, Philippines, Southeast Asia, San Diego, Mexico, Cuba, Caracas, Russia

☆ China is so crazy about durian that it's now Pizza Hut's best-selling pizza ingredient in the country
▼ + stars: | 2024-11-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Durian pizza is now Pizza Hut's hottest pie in China, with Yum reporting 30 million sold this year. Yum China, which runs Pizza Hut in the country, said in its quarterly earnings call on Monday that durian pizza has become its top pie nationwide. "One in every four pizzas sold in Pizza Hut China is now a durian pizza. A promotional image for Pizza Hut China's durian pizza. Net income also grew to $297 million, up 22% from $244 million in Yum China's third quarter of 2023.

Persons: Yum, Joey Wat, —, Wat Organizations: durian, Service, HSBC, Yum, KFC Locations: China, Pizza Hut, China China, Asia, Southeast Asia, Yum China

☆ 'No sign other than strength' in Southeast Asia's digital economy, says Google
▼ + stars: | 2024-11-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'No sign other than strength' in Southeast Asia's digital economy, says GoogleSapna Chadha, vice president at Google Southeast Asia, discusses the "e-Conomy SEA 2024" report and says there's "tremendous growth" in the region's digital economy.

Persons: Chadha Organizations: Google Locations: Asia

☆ Stocks to play China's shopping festival — even if consumers spend less
▼ + stars: | 2024-11-03 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

As China's biggest shopping festival of the year gets underway, analysts are starting to favor Chinese logistics companies as a way to play the online shopping trend. The JPMorgan report initiated coverage of U.S.-listed ZTO Express , which the analysts said is China's largest express parcel player with more than 20% of the market. ZTO YTD mountain ZTO Express shares in the U.S. in 2024. Morgan Stanley is less bullish, rating J & T equal-weight while citing competitive risks in China and potential challenges in Southeast Asia. "Cuts on overseas profitability outlook has weakened our investment thesis," the Morgan Stanley analysts said.

Persons: JD.com, Morgan Stanley, ZTO, Morgan Stanley's, Nomura, Jet Li, Li, Michael Bloom Organizations: JPMorgan, YTO Express, STO Express, Yunda, T Global Express Ltd, ZTO's, ZTO Express, J, T Global Express, HK, Nomura, Hong Kong, Hong, CNBC Locations: Hong Kong, U.S, China, Southeast Asia, T Global Express Hong Kong

☆ China is closing a South China Sea surveillance gap with a new radar made to spot stealth aircraft, satellite images suggest
▼ + stars: | 2024-11-02 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Satellite images appear to show a SIAR system on Triton Island in the South China Sea. China previously built a SIAR system on Subi Reef in the Spratly Islands, further south in the South China Sea and west of the Philippines. "This is an iteration on a long-term Chinese strategy to dominate the sensor space in the South China Sea," he said. AdvertisementLast fall, the Pentagon documented growth in China's intelligence-gathering capabilities in the South China Sea, especially at the Spratlys. China's new SIAR system on Triton Island helps grow its reconnaissance and surveillance network in the South China Sea.

Persons: —, Chatham House's John Pollack, Damien Symon, Maxar, Chatham, Gregory Poling, Michael Dahm, Dahm, Aaron Haro Gonzalez Organizations: Service, Business, Chatham House, Triton, Southeast Asia Program, Asia Maritime, Center for Strategic, International Studies, Pentagon, Aerospace, China Studies, Mitchell Institute, US, Communication, US Air Force Locations: China, South China, South, Chatham, Spratly, Philippines, Hainan, Beijing, Aaron Haro Gonzalez China

☆ Federal Reserve rate cuts could prove to be a boon for Southeast Asian economies
▼ + stars: | 2024-11-01 | by ( Shafi Musaddique | Kevin Lim | ) www.cnbc.com time to read: +1 min

The U.S. Federal Reserve's decision to cut interest rates in September, with further reductions expected, could prove to be a boon for the emerging economies of Southeast Asia. David Sumual, chief economist of Bank Central Asia, said Indonesia is one such country that could take advantage of both short-term and long-term Fed policy. Higher rates in the U.S. have traditionally been a negative for emerging markets as U.S. investors typically send their dollars home in search of decent yields. But on the flipside, when U.S. rates ease, it can boost emerging markets who see renewed flows into their economies. Global commodities (a cornerstone of many emerging markets) also tend to rise in price as the U.S. dollar drops on a more dovish outlook by the Federal Reserve.

Persons: Saurabh Agarwal, Warburg Pincus, CNBC's, David Sumual Organizations: U.S, Federal, Warburg, Bank Central, CNBC, Federal Reserve Locations: Southeast Asia, Asia, Bank Central Asia, Indonesia, U.S

☆ ASEAN continues to emerge as a winner of U.S.-China trade tensions, IMF says
▼ + stars: | 2024-11-01 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

The Association of Southeast Asian Nations (ASEAN) has continued to emerge as an economic winner of increasing geopolitical tensions between China and the United States, though risks from fragmentation remain, the International Monetary Fund (IMF) says. Though U.S.-China tensions have been deteriorating in recent years, ASEAN has adapted and continued to integrate with the global economy, the IMF said in its latest Asia-Pacific Outlook report, released Friday. "Despite geopolitical tensions, ASEAN has continued to strengthen trade and investment links with both China and the U.S.," the report said. "[T]he region has even been able to take advantage of trade diversion opportunities caused by US-China trade tensions," the report added. Overall, the IMF says these trends have contributed to the ASEAN region increasing its share of inward foreign direct investment, world exports and global value added.

Persons: Donald Trump, Biden Organizations: The Association of Southeast Asian Nations, International Monetary Fund, U.S, ASEAN, IMF, Former U.S, China - Locations: Jakarta, Indonesia, China, United States, Asia, U.S, Beijing, China - U.S, Vietnam, Thailand, Philippines, Singapore, Pacific

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