DUBLIN — Ahead of the U.K. exit from the European Union in March 2019, several Asian financial institutions have already set up hubs in other cities within the bloc to ensure continued access to the continent. Ireland is among the countries hoping to benefit from Asian unease prompted by the Brexit vote, with Dublin regularly touted alongside Amsterdam, Frankfurt, Luxembourg and Paris as possible destinations for banks trying to reposition due to Brexit. So far, Nomura International and Daiwa Securities have set up hubs in Frankfurt, base of the European Central Bank, to serve their European businesses while still keeping their London presence; Mitsubishi UFJ Financial Group has chosen Amsterdam for its new European base; and Bank of China has opened a new subsidiary in Dublin.
KUALA LUMPUR — Businesses in Southeast Asia are increasingly counting the cost of land grabs, more than half of which result in delayed projects and nearly three-quarters of which lead to lawsuits, according to a wide-ranging research report. Out of a sample of 51 major land disputes surveyed across the region, all but 6 remain unresolved, meaning that Southeast Asia is the region most prone to land conflict in the world. That is according to research published Tuesday by UK-based consultancy TMP Systems and the Rights and Resources Initiative, a global coalition of land rights activists funded in part by the British and Norwegian governments. That 88% of land disputes in Southeast Asia are not resolved puts the region above the 61% global average, according to the research, which covers land disputes dating from 2001.
JAKARTA — Tens of millions of Indonesians are on Facebook, Twitter and Instagram – Indonesia is the photo-sharing application’s biggest Asia-Pacific market – as well as on Tinder, the popular dating app that AyoPoligami is seemingly trying to adapt. “I don’t think the application will be popular,” said Bonar Tigor Naispospos of the Setara Institute, a Jakarta think-tank focused on religion and society. Of polygamy, Naispospos added, “many women, even the religious[ly] devout, disagree.”
SINGAPORE — As Southeast Asia struggles with the rise of modern illnesses that have blighted Western societies such as heart disease and diabetes, a combination of government appeals and changing lifestyle choices suggests a growing awareness of the causes of such conditions. In an Aug. 20 national day speech, Prime Minister Lee Hsien Loong of Singapore recommended that citizens cut back on sugar consumption — flagging-up the soft drinks that are popular among thirsty pedestrians cooling down after a walk in the city-state’s often stifling heat. “Just one can of soft drink can contain eight cubes of sugar,” Lee said. “That’s more than you need for one whole day.”=
JAKARTA — For the first time, three Asian universities are in the top 30 of the 2018 World University Rankings published by Times Higher Education. The rankings cover more than 1,000 universities worldwide and are arguably the best-known and most prestigious of such league tables. The new list for 2018 places the National University of Singapore as the highest ranked Asian school at 22nd, level with the University of Toronto. The other Asian schools in the top 30 are China’s Peking University at 27th — tied with New York University and the University of Edinburgh — and Tsinghua University, also in China, at 30th.
JAKARTA — The world’s seaborne trade exceeded 10 billion tons in a single year for the first time in 2015, according to the United Nations Conference on Trade and Development, with about 60% passing through Asia. Sitting between the Indian and Pacific Oceans, Southeast Asia’s big archipelagos should be well placed to capitalize as trade expands. Indonesia and the Philippines comprise about 17,000 and 7,500 islands respectively, while Indonesia, home to the world’s fourth-biggest population — about 260 million people — has the second-longest coastline after Canada. However, the bulk of this seaborne trade is moving between Europe and Asia’s powerhouse economies in China and Japan, mainly through the South China Sea and the Strait of Malacca, which lies between Malaysia and the Indonesian island of Sumatra. “The largest archipelagic countries in the world are not being optimized,” said Fauziah Zen, an economist with the Economic Research Institute for ASEAN and East Asia, at the recent launch of a report on Southeast Asia’s maritime infrastructure published by The Habibie Center, a Jakarta-based research organization.
TANJUNG GUSTO, Indonesia — The fast pace of development in Indonesia’s cities has spawned many a technology-based startup in the last few years, from ride-hailing apps to online shopping giants to touchscreen food delivery services. These are the early fruits of a tech economy the government hopes will be worth $130 billion by 2020. For many in remote parts of the far-flung archipelago, where standards of living are much lower than in the cities of Java and Sumatra, startups are more homespun and their ambitions are modest. Yet across the gamut of would-be entrepreneurs, from rural remote villages canopied by palm trees to thronged vast cities, there are common challenges: from raising cash, to nudging government into necessary reforms, managing complicated logistics and fending off jealous competitors, many of the hurdles are identical and boil down to the scramble for funding sources and government backing.
SINGAPORE — Asia’s business schools have much ground to cover if they are to blend the region’s business models with the old nuts and bolts of MBA curricula borrowed from longer-established Western institutions. Not only is the region vast and diverse, from wealthy Singapore and Hong Kong to the middle classes emerging in China and Indonesia, the types of companies are also varied. Students come from or aim for companies as disparate as government-linked corporations, Asian-style family businesses, big Western multinationals, as well as an array of tech-based startups launched by the region’s young entrepreneurs. “The culture and the institutional details are very different,” said Nilanjan Sen, associate dean of Graduate Studies at Nanyang Business School in Singapore, discussing the gamut of businesses across Asia.
SINGAPORE/HONG KONG — There are plenty of metrics to chart Asia’s economic rise over the last two decades, ranging from economic growth rates and industrial output to tourist numbers and car sales. Less noticed, but just as striking, is the emergence of around a dozen first-rate Asian business schools. According to the Financial Times* global ranking of Master of Business Administration courses — an annual league table based on jobs found and money earned by graduates — 11 Asian business schools feature in the top 50 this year (including INSEAD, founded in France in 1957, but now French-Asian, with a campus in Singapore since 2000). “We can certainly link this with overall economic growth in knowledge-economies such as Singapore, Hong Kong and South Korea, which can regularly be found in the top 20s of global innovation indices,” said Mansoor Iqbal, senior MBA editor at Quacquarelli Symonds, an education consultancy.
JAKARTA — For a decade or so before the market for touchscreen smartphones took off around 2010, BlackBerry’s hand-held communication devices were ubiquitous among thumb-jockeying executives trying to keep in touch with the office outside working hours. After several recent failed attempts to launch new phones and operating systems to compete against Apple, Google and Samsung Electronics products, the company that “made the modern cellphone,” as BlackBerry’s CEO John Chen puts it, is hoping to become the main supplier of secure applications and software for the next generation of internet-linked devices — the much- touted “internet of things” — from web-connected self-driving cars to “smart” domestic appliances that are expected to take off over the coming decade. “It’s going to be very much driven by securing end-point communications,” Chen told the Nikkei Asian Review. “We want to be the number one secure communications in IoT. We have signed a deal with Ford for seven years to help them build their next generation cars.”