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The Latest Breaking News from Asia-Pacific

Adidas AG (OTC:ADDYY) reported a fourth-quarter FY21 sales decline of 0.1% year-on-year, to €5.1 billion. Currency-neutral revenues in Q4 declined 3%. Supply shortages due to the lockdowns in Vietnam, challenging market environment in Greater China, and COVID-19 related lockdowns in Asia-Pacific reduced revenue growth by more than €400 million in Q4. Currency-neutral revenues…

Benzinga

Asia-Pacific travel faces bumpy recovery: Booking.com

Travel in Asia-Pacific is trailing the rest of the world and should expect a bumpy recovery, a Booking.com executive said on Monday, as countries in the region have been slower to open borders than other destinations.

Bangkok Post

Skye Bioscience Shares Up On Keeping Novotech As CRO For Phase 1 Trial Of THC Prodrug Candidate For Glaucoma

Skye Bioscience, Inc. (OTCQB: SKYE) has entered into an agreement with Novotech Health Holdings, a leading full-service contract research organization in Asia-Pacific, for its upcoming Phase 1 study in Australia of its SBI-100 drug candidate for the treatment of glaucoma.

Benzinga

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CEO optimism at 10-year high

Asia-Pacific chief executives continue to face pressure generated by the ongoing Covid-19 pandemic and market conditions such as rising inflation, supply chain disruptions and the "Great Resignation".

Bangkok Post

Babcock & Wilcox Bags $22M Waste-To-Energy Technology Contract

Babcock & Wilcox Enterprises Inc (NYSE:BW) business segment B&W Renewable has secured a contract for ~$22 million to help a power producer in Asia reduce its reliance on coal and decrease the amount of waste sent to landfills. B&W Renewable will design and supply a 440-ton-per-day waste-to-energy boiler, DynaGrate combustion grate, and other…

Benzinga

Ukraine crisis overshadows Blinken bridgebuilding trip to Asia

Honolulu (AFP) - US Secretary of State Antony Blinken and his Japanese and South Korean counterparts declared their unity on confronting security threats in the Asia-Pacific Saturday, even as Washington was intensely occupied by the possibility of war in Eastern Europe.

AFP

Indonesia to buy US, French warplanes as Paris boosts Asia alliances

Jakarta (AFP) - Indonesia on Thursday ordered 42 Rafale fighter jets from France and may acquire two French submarines, while the United States approved Jakarta's potential purchase of 36 F-15s in the face of growing tensions in the Asia-Pacific.

AFP

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Indonesia Signs Deal with France to Buy 6 Rafale Warplanes

Indonesia signed a deal with France Thursday to buy six Rafale warplanes as part of an anticipated total order of 42, Jakarta's defense minister said, as Paris bolsters military ties in the Asia-Pacific. "We agreed on the purchase of 42 Rafale.

Asharq Al-Awsat

Coty Q2 Bottom-Line Beats Street View; Raises FY22 Adjusted EPS Outlook

Coty Inc (NYSE:COTY) reported second-quarter FY22 sales growth of 11.5% year-on-year, to $1.58 billion, missing the analyst consensus of $1.60 billion. Like-For-Like (LFL) revenue increased 12% Y/Y, driven by a 12% increase in both Prestige and Consumer Beauty segments. Revenue in the Americas rose 9% Y/Y, EMEA increased 12%, and Asia-Pacific grew 17%.…

Benzinga

Blinken heads to Asia as Ukraine crisis boils

Washington (AFP) - US Secretary of State Antony Blinken headed for the Asia-Pacific on Tuesday aiming to shore up regional partnerships in the face of an expansive China, even as the crisis on Ukraine's border simmers.

AFP

Hotels in Asia-Pacific likely to see surge in investment as Covid-19 restrictions ease

HONG KONG: Hotels in Asia-Pacific are likely to receive investment of more than US$9 billion this year, a 30% increase from 2021, as countries begin to ease their Covid-19 restrictions and some confidence returns to the hospitality sector, according to JLL.

Bangkok Post

Govt 'ready' to host 2022 Apec meet

Prime Minister Prayut Chan-o-cha has announced that Thailand is fully prepared to serve as host this year for the Asia-Pacific Economic Cooperation (Apec) summit, says government spokesman Thanakorn Wangboonkongchana.

Bangkok Post

Biden, Japan's Kishida discuss Asia security, Ukraine

Washington (AFP) - US President Joe Biden and Japanese Prime Minister Fumio Kishida discussed deterrence in the Asia-Pacific region and a "united" Western alliance against Russian threats to Ukraine in a virtual meeting Friday, officials said.

AFP

After COVID, Asia must bolster social safety net: UN labour chief

International Labour Organization head expresses optimism Asia-Pacific will not abandon globalisation post-pandemic.

Al Jazeera

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Asharq Al-Awsat

Biden, Japan's Kishida to Discuss Asia Security, Ukraine

US President Joe Biden and Japanese Prime Minister Fumio Kishida will discuss deterrence in the Asia-Pacific region and a "united" Western alliance against Russian threats to Ukraine in a virtual meeting Friday, officials said. Biden has made restoring the importance of the US-Japanese relationship a priority since taking office exactly…

AFP

Biden, Japan's Kishida to discuss Asia security, Ukraine

Washington (AFP) - US President Joe Biden and Japanese Prime Minister Fumio Kishida will discuss deterrence in the Asia-Pacific region and a "united" Western alliance against Russian threats to Ukraine in a virtual meeting Friday, officials said.

AAP

Huge NT fuel site to power US fighter jets

A huge $270 million Darwin storage facility capable of holding 300 million litres of fuel will support US military operations in the Asia-Pacific region.

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Thanakorn Wangboonkongchana

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Prayut Chan-o-cha

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