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Development asian news

Hui Ka Yan - Chinese property giant Evergrande fined US$577 million for fraudulent bond issuance - channelnewsasia.com - China - Usa -  Beijing - Hong Kong

Chinese property giant Evergrande fined US$577 million for fraudulent bond issuance

BEIJING: China's deeply indebted property giant Evergrande has been fined 4.18 billion yuan (US$577.1 million) for fraudulent business practices, Beijing's financial regulatory body said Friday (May 31).

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Bloomberg - South Korea’s chip stockpiles shrink at fastest pace in 10 years amid AI boom - scmp.com - South Korea

South Korea’s chip stockpiles shrink at fastest pace in 10 years amid AI boom

South Korea’s semiconductor inventories dwindled by the most since 2014, underscoring the pace at which demand is outstripping supply as customers rev up their purchases of devices needed to develop artificial intelligence (AI) technologies.

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Li Qiang - The Star - China to extend visa-free travel for Malaysians to 30 days - scmp.com - China -  Beijing - Malaysia - state Diaoyutai

China to extend visa-free travel for Malaysians to 30 days

China is set to extend visa-free travel for Malaysian tourists from 15 to 30 days, Deputy Prime Minister Ahmad Zahid Hamidi said on Friday.

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Lucy Handley - Luxury homebuyers can now get an art collection as part of the deal - cnbc.com - Britain - Los Angeles

Luxury homebuyers can now get an art collection as part of the deal

When Paul Lester joined a luxury real estate agency in Los Angeles, he decided to organize a Beverly Hills property viewing with a difference: he effectively turned it into an art opening, inviting prospective buyers of the home — and those who might be interested in purchasing the artwork he displayed in it.

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ERWIDA MAULIA - Nikkei staff writer - Indonesia hydropower project seeks new partners after Sumitomo impasse - asia.nikkei.com - Japan - Indonesia - state Indiana

Indonesia hydropower project seeks new partners after Sumitomo impasse

TANJUNG SELOR, Indonesia -- Indonesian company Kayan Hydro Energy is exploring new potential partnerships after its agreement to jointly develop a large hydroelectric station on Borneo island with Japanese trading house Sumitomo Corp. reached a stalemate.

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What is the internet of bodies? - cnbc.com

What is the internet of bodies?

The following is a transcript of the video.

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Sheila Chiang - China will restrict exports of some aviation, aerospace equipment to 'safeguard national security' - cnbc.com - China - Taiwan -  Beijing

China will restrict exports of some aviation, aerospace equipment to 'safeguard national security'

China on Thursday said it will restrict the exports of certain aviation and aerospace components and technologies starting July 1, citing the need to "safeguard national security."

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Matt Haldane - Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies - scmp.com - Japan - China - Usa - Hong Kong

Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

“The growth of digital technology hasn’t in the past ushered us into this new era of much more rapid productivity growth, and I doubt that it’s going to do it now,” Romer told the South China Morning Post on the sidelines of the UBS Asian Investment Conference in Hong Kong on Tuesday. “So I think the perception that somehow everything has changed is like the perception that cyber currencies are going to change the world.”

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