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Blackstone closes its largest Asia private equity fund at over $13 billion
Blackstone said Tuesday it had raised $13.1 billion for its latest Asia private equity fund, marking its largest PE fundraise in the region. The alternative asset manager said that Blackstone Capital Partners Asia III exceeded its $10 billion target, with the fund raising more than double the amount of its predecessor vehicle. "Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes," Joe Baratta,...
Bronze Age 5-year-old's skull found in Uzbekistan is the oldest known evidence of surgery in Central Asia
Bronze Age 5-year-old's skull found in Uzbekistan is the oldest known evidence of surgery in Central Asia A child's 4,000-year-old skull found in Uzbekistan has signs of trepanation, making it the oldest evidence of surgery in Central Asia on record. The 4,000-year-old skull of a Bronze Age child buried in what's now Uzbekistan bears scars from a cranial surgery known as trepanation. It is the oldest documented evidence of surgery in Central Asia and one of the oldest examples of surgery in...
Is Asia facing a new currency crisis?
Is Asia facing a new currency crisis? A stronger dollar, higher energy costs and market uncertainty are putting pressure on currencies across Asia. The battle over the Strait of Hormuz is triggering a new economic shock in Asia.
Increase defence spending to counter China? Why US’ call is ‘difficult to sell’ in Southeast Asia
analysis Asia Increase defence spending to counter China? Why US’ call is ‘difficult to sell’ in Southeast Asia Washington’s call for Asian allies to spend 3.5 per cent of GDP on defence is untenable given competing needs in infrastructure, healthcare and education, analysts say. KUALA LUMPUR: It is "completely unrealistic" for Southeast Asian countries to heed the United States' call of boosting defence spending to counter China's growing power, analysts say, as the region prioritises...
Shangri-La conference: Asia-Pacific on path to rearmament
Shangri-La conference: Asia-Pacific on path to rearmament May 31, 2026Defense ministers, military officials and security experts from around the world gathered at the Shangri-La Dialogue (SLD) in Singapore this week to discuss the security situation in the Asia-Pacific. The conference has been hosted annually since 2002 by the London-based International Institute for Strategic Studies (IISS). What are the key takeaways from this year's conference?
Higher airfares and fewer visitors: How the Iran conflict is hitting Southeast Asia tourism
Tourism across Southeast Asia was finally recovering from the pandemic. Now, soaring fuel prices, flight disruptions, and growing economic uncertainty linked to the Iran conflict are threatening to slow demand just as the region enters its crucial summer travel season. Cheap flights, backpacker hostels and beautiful beaches have helped make Southeast Asia one of the world’s most resilient travel regions.
Iran’s proxies moving towards ‘violent gig economy’, but no imminent threat to Southeast Asia: Expert
Iran’s proxies moving towards ‘violent gig economy’, but no imminent threat to Southeast Asia: Expert While there are no reports of Iran-linked “violent gig economy” activities in Southeast Asia, “well-to-do” societies may be more vulnerable to threats, says a counterterrorism expert at a dialogue in Singapore. Iran’s proxy groups may be moving towards what can be described as a “violent gig economy”, with a shift from traditional militant cells to global external operations that are more...
More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say
More Hong Kong tourists drawn to ‘mysterious’ Central Asia, travel agencies say Tour operators are linking up with mainland Chinese who have settled in region, giving city residents new ways to explore unconventional destinations The mystique of Central Asia and its deepening business ties with mainland China have prompted more Hongkongers to choose the region for holidays, according to travel agency heads. They were also optimistic that Chief Executive John Lee Ka-chiu’s high-level visit to...
From Almaty to the skies: Kazakhstan tests Central Asia's first air taxi
Central Asia's first air taxi test flight has taken place in Kazakhstan, as authorities and private partners work to develop a new urban air mobility network. Commercial trial operations are expected by early 2029, subject to certification and regulatory approval. Central Asia's first air taxi has taken to the skies in Kazakhstan.
Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters
Asia’s stock markets dive amid Iran-Israel conflict, Wall Street jitters South Korea’s main index plunges nearly 9 percent, while stocks in Japan, Taiwan and Hong Kong also see sharp falls. Asia’s major stock markets have dropped sharply amid the resumption of conflict between Israel and Iran and growing expectations of interest rate hikes in the United States. South Korea’s stock market suffered the steepest losses amid a region-wide sell-off on Monday, as investors followed Wall Street’s...