Bloomberg Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd sold a luxury apartment for a record-breaking $59 million, another sign that the city’s upscale housing market is recovering. The price for the five-bedroom apartment at the 21 Borrett Road project spanning 3,378 square feet translates into HK$136,000 per square foot, sale materials show. It broke the record made by ...

Bloomberg Traveloka, Southeast Asia’s biggest online travel startup, is planning to list in the US this year to raise funds using a special purpose acquistion company, known as SPAC, according to Chief Executive Offer Ferry Unardi. “SPAC is very efficient,” Unardi said in an interview with Bloomberg Television on Tuesday. “If we can do it faster we can then focus ...

Bloomberg The Philippines said it has enough orders of coronavirus vaccines in the pipeline to reach its goal of inoculating most of its population this year, even as it expects a supply crunch in the first half. The Southeast Asian nation is negotiating for as many as 170 million vaccine doses, presidential spokesman Harry Roque said. A fourth of the ...

Bloomberg Japan incentivising its companies to shift manufacturing facilities out of China and adding Bangladesh to a list of preferred destinations for relocating the factories may give the South Asian nation’s economy a boost. “As the pandemic started in China, Japanese companies needed to diversify” their supply chains further, Naoki Ito, the Japanese ambassador to Bangladesh, said in an interview. ...

Bloomberg Myanmar’s junta again defended its move to oust civilian government in the face of nationwide protests, dismissing the impact of US sanctions while showing no signs of a compromise with demonstrators. Brigadier-General Zaw Min Tun, the lead spokesman for the State Administration Council, said on Tuesday the military’s actions were in line with the 2008 constitution and “not a ...

Bloomberg House Speaker Nancy Pelosi’s call for an independent commission to investigate last month’s Capitol insurrection has some bipartisan support, yet the effort risks getting tangled in the bitter aftermath of former President Donald Trump’s impeachment over the deadly assault. Pelosi said the commission would be modelled on the widely praised panel that probed the origins of the September 11, ...

Bloomberg Japan’s top government spokesman said it was “unacceptable” that Chinese coastguard vessels had approached Japanese trawlers near disputed islands for two straight days this week, in a sign of rising tension between the neighbours. Chief Cabinet Secretary Katsunobu Kato told a news conference that Japan had protested incidents that took place in what the country sees as its territorial ...

Bloomberg Thai Prime Minister Prayuth Chan-Ocha is set to face a no-confidence vote this week as opposition lawmakers target his government for its alleged mismanagement of the Covid-19 outbreak amid a renewed push by pro-democracy activists for the premier’s ouster and monarchy reforms. The opposition began grilling Prayuth and nine of his cabinet members as a four-day debate got underway ...

Bloomberg Beijing expressed “strong dissatisfaction” after 58 governments signed a declaration against detaining each-others’ citizens for geopolitical leverage, a move seen as targeting countries like Iran and China. “The Canadian side’s attempt to pressure China by using ‘Megaphone Diplomacy’ or ganging up is totally futile and will only head towards a dead end,” a spokesperson at the Chinese embassy in ...

Bloomberg The UK could need tax increases of about 60 billion pounds ($84 billion) if Chancellor of the Exchequer Rishi Sunak wants to balance the books, according to the Institute for Fiscal Studies (IFS). The warning sets the tone for the Treasury’s budget on March 3, when Sunak is due to outline how he intends to address the ruinous legacy ...