All posts tagged: Asias

Madygen: Can these awesome rocks become central Asia’s first UNESCO Geopark?

Madygen: Can these awesome rocks become central Asia’s first UNESCO Geopark?

[ad_1] The Madygen formation is one of the world’s richest Triassic fossil beds – but few people have heard of it. GeoExplorersClub Around 235 million years ago, in what is now central Asia, a small reptile fell into a freshwater lake and settled in the soft mud at the bottom. The creature – named Longisquama, meaning “long scales”, after the strange, feather-like protrusions on its back – probably lived in a nearby forest with a host of other curious animals, including a flying reptile known as Sharovipteryx and Gigatitan, a giant mantis-like insect. As the Longisquama‘s body slowly decayed and gradually turned to stone, continents drifted and the landscape above changed, with the lake drying up and reforming numerous times. Then, in the 1960s, Soviet palaeontologist Aleksandr Sharov found the fossilised reptile and shone a scientific spotlight on this little-known corner of the USSR. Today, the region is in southern Kyrgyzstan, a dusty landscape of colourful rock outcrops and dry riverbeds framed by the snow-capped peaks of the Turkestan range. These rocks, remnants of the …

Asia’s first spot bitcoin, ether ETFs start trading in Hong Kong

Asia’s first spot bitcoin, ether ETFs start trading in Hong Kong

[ad_1] HONG KONG: Hong Kong on Tuesday (Apr 30) launched trading of Asia’s first spot bitcoin and ether exchange-traded funds (ETFs), moving forward in the city’s race to become a regional virtual asset investment hub. The debut comes three months after the United States gave the green light to ETFs pegged to bitcoin’s spot price, making it easier for mainstream investors to add the unit to their portfolio. Hong Kong’s pioneering crypto ETFs on the city’s bourse include six funds issued by three managers – Bosera Funds, China Asset Management (Hong Kong) Limited and Harvest Global Investments. Each company issued a spot bitcoin and a spot ether ETF, which can be traded in both Hong Kong and US dollars, while ChinaAMC (HK) also allowed trading in the Chinese yuan. “These are the first spot ETF products of virtual assets in (the) Asia market, which has proven Hong Kong’s leading status in virtual asset development in the region,” Joseph Chan, the city’s undersecretary for financial services, said at the bell tolling ceremony in the morning. He …

Asia’s next war could be triggered by a rusting warship on a disputed reef

Asia’s next war could be triggered by a rusting warship on a disputed reef

[ad_1] MANILA — In the most hotly contested waterway in the world, the risk of Asia’s next war hinges increasingly on a ramshackle ship past her time, pockmarked with holes, streaked with rust and beached on a reef. To buttress its claims in the South China Sea, the Philippines in 1999 deliberately ran aground a World War II-era landing ship on a half-submerged shoal, establishing the vessel as an outpost of the Philippine navy. The BRP Sierra Madre, which has remained on Second Thomas Shoal ever since, has now become the epicenter of escalating tensions between the Philippines and China — and a singular trip wire that could draw the United States into an armed conflict in the Pacific, say officials and security analysts. A Philippine supply vessel was hit with water cannons by the China Coast Guard on March 23 on its way to bring provisions to the Sierra Madre. (Video: Armed Forces of the Philippines) China claims the vast majority of the South China Sea and, in recent months, has ramped up efforts …

How southeast Asia’s ‘scamdemic’ is reshaping the face of human trafficking

How southeast Asia’s ‘scamdemic’ is reshaping the face of human trafficking

[ad_1] Most people are lured in through the promise of well-paid jobs – including Kiet (pictured above, with his mother, whose name has been changed).   The Vietnamese 30-year-old spent more than a year in a casino-turned-scam-centre in Myanmar, after applying for a well paid job that required basic computing skills. But the role didn’t exist. Instead he ended up as a “dog-pusher” – the term used to describe those trapped operating love scams, crypto fraud, money laundering, and illegal gambling operations. Things went from bad to worse after his first attempt to escape failed. Not only did his captors beat and torture him, but they threatened to harvest and sell his kidneys on the black market as punishment – a trend that is being increasingly reported. “He was actually on the operating table and opened up, but halfway through the procedure they changed their mind – presumably because his kidney wasn’t in good enough condition – and closed him up,” said Blue Dragon’s Carlota Torres Lliró.  Afterwards his captors, demanding ransom instead, allowed him to …

Ambani wedding: Rihanna and Ivanka Trump arrive for party thrown by Asia’s richest man | World News

Ambani wedding: Rihanna and Ivanka Trump arrive for party thrown by Asia’s richest man | World News

[ad_1] It’s not often Mark Zuckerberg and Ivanka Trump join Bollywood stars and Indian cricketers to watch Rihanna perform. But it is also not every day that Asia’s richest man throws a lavish pre-wedding bash for his son. For the next three days, the Indian city of Jamnagar will host some of the world’s wealthiest and most famous people, who have jetted in for extravagant celebrations hosted by billionaire Mukesh Ambani. Mr Ambani’s son Anant Ambani, 28, will marry his long-time girlfriend Radhika Merchant in July, and this weekend’s festivities are a glimpse into what will follow at their nuptials. The nearly 1,200-strong guest list features Zuckerberg, Ms Trump and Bill Gates, alongside Bollywood royalty such as Ranveer Singh and Deepika Padukone, who co-ordinated in white as they jetted in on Thursday. Image: Ivanka Trump arriving on Thursday. Pic: AP Photo/Ajit Solanki Image: Bollywood actor Ranbir Kapoor leaving the airport in a Rolls Royce. Pic: AP/Ajit Solanki Fellow Bollywood A-listers Arjun Kapoor and Ranbir Kapoor were spotted arriving earlier this week and cricket legend Sachin …

Mark Zuckerberg, Bill Gates and Ivanka Trump among guests at pre-wedding party for son of Asia’s richest man

Mark Zuckerberg, Bill Gates and Ivanka Trump among guests at pre-wedding party for son of Asia’s richest man

[ad_1] For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Bill Gates, Mark Zuckerberg, Rihanna, Ivanka Trump and Disney chief Bob Iger are among the world’s super rich and elite figures expected to attend the extravagant pre-wedding bash of the youngest son of Asia’s richest man Mukesh Ambani. Anant Ambani, 28, is marrying his childhood sweetheart Radhika Merchant, 29, in July later this year but the three-day festivities in Gujarat’s Jamnagar starting on 1 March are being seen as setting the stage for the larger wedding celebrations. Ms Merchant is from a family with business interest in pharmaceuticals. Mukesh Ambani is Asia’s richest man and a renowned oil and telecommunications tycoon, competing closely with billionaire Gautam Adani, chair of Adani Group of companies, according to the real-time billionaires list worldwide compiled by Forbes as of 30 January 2024. Expected to be one of the world’s grandest weddings of the year, the Ambani family has marked the three-day …

Can Macao Become Asia’s Las Vegas?

Can Macao Become Asia’s Las Vegas?

[ad_1] Macao —  Macao, the former Portuguese colony that has become the world’s biggest gambling city in recent years, is embarking on an experiment to remake itself, but it’s unclear if it will succeed. Visitors to the city see a difference compared to 10 or 20 years ago. There are new and bigger casino resorts — from The Londoner to MGM Cotai — and they no longer offer just slot machines and gambling tables. They feature non-gaming entertainment — from water slides to concerts. There’s even a zipline. The city that has relied on gaming revenue for decades has been betting on non-gaming attractions to lure non-gamblers, in hopes of diversifying its economy. But behind the water splashes and zipline rides, Macao is struggling to live up to its nickname: Las Vegas of the East. Although its gaming revenue has exceeded that of Las Vegas by three-fold before the COVID-19 pandemic, unlike its U.S. counterpart in Nevada — whose casino earnings are 70% non-gaming and 30% gaming — Macao’s mix is just 5% non-gaming and …

Hideki Matsuyama Wins at Riviera With 62. He Becomes Asia’s Most Prolific PGA Tour Winner

Hideki Matsuyama Wins at Riviera With 62. He Becomes Asia’s Most Prolific PGA Tour Winner

[ad_1] LOS ANGELES (AP) — Hideki Matsuyama set the Riviera record for the lowest closing round by a winner Sunday in the Genesis Invitational, giving the Japanese star another record that means far more to him. Matsuyama rallied from a six-shot deficit with a 9-under 62, punctuated by consecutive shots inside a foot of the hole, to win for the ninth time in his career on the PGA Tour. That breaks the record for Asian-born players he shared with K.J. Choi of South Korea. Matsuyama finished at 17-under 267 for a three-shot victory over Will Zalatoris (69) and Luke List (68). Patrick Cantlay and Xander Schauffele, best friends playing in the final group, faded in the middle of the back nine and tied for fourth. It was Matsuyama’s first victory since his playoff win at the Sony Open two years ago, after which Shigeki Maruyama sent him a text to remind him of a conversation they once had about becoming the most prolific PGA Tour winner of Asian players. This one looked unlikely at the …

Asia’s factories struggle for momentum amid soft Chinese demand

Asia’s factories struggle for momentum amid soft Chinese demand

[ad_1] TOKYO : Asia’s factories delivered a largely patchy performance in January, surveys showed on Thursday, as soft Chinese demand left the region’s economies on a shaky footing at the start of 2024. China’s private Caixin/S&P Global manufacturing purchasing managers’ index (PMI) stayed at 50.8 in January, unchanged from December and exceeding the 50-point mark that separates growth from contraction. The reading contrasted with an official survey that showed manufacturing activity contracted for the fourth straight month. Deflationary pressures were also a lingering blight in the world’s second-largest economy, suggesting underlying weakness in demand. Taken together, they point to a still-underperforming economy and back market expectations for more policy support measures this year. The picture was patchy for Asian economies with some bearing the brunt of soft Chinese demand better than others. South Korea’s factory activity expanded in January for the first time in 19 months on improved demand for goods in key markets such as the United States and China. But activity shrank in Taiwan and Malaysia, and expanded at a slower pace in …

India’s Adani reclaims Asia’s richest mantle after scandal

India’s Adani reclaims Asia’s richest mantle after scandal

[ad_1] Shares in listed Adani Group companies jumped this week after India’s top court dismissed a petition seeking to widen a probe into the Hindenburg allegations, saying that existing investigations by market regulators were sufficient. “The honourable supreme court’s judgement shows that: Truth has prevailed,” Adani said on X, formerly known as Twitter, after the ruling. “I am grateful to those who stood by us. Our humble contribution to India’s growth story will continue,” he added. Hindenburg, a short-seller investment house, not only tracks corporate wrongdoing but also makes money by betting on stocks falling. Adani has denied the allegations of fraud documented in its report, last year calling it a “deliberate attempt” to damage the image of his conglomerate for the benefit of short-sellers. Before the report, Adani Group’s share prices had risen meteorically with its main listed unit shooting up more than 1,000 per cent the five years to January 2023, funding a breakneck expansion of the conglomerate. Its reach now spans a number of key sectors including coal mining, renewable energy, ports …