Asia Pacific

Profile of Oei Hong Leong, chairman, Canadian Metropolitan Properties Corp., Oei Hong Leong Foundation

Korean telecom group’s Canadian entry bodes well for local technology-sector expansion

China’s foreign currency regulator has shed light on the mass underground exodus of cash from the country, coming up with a list of 10 top cases of individuals and firms moving money covertly over the border.

The Hong Kong Monetary Authority confirmed on Monday that it would look into using facial recognition or fingerprint technology in the city’s cash machines to beef up financial security, as doubts remain whether such biotechnologies are mature and sa

Travellers on Hong Kong and mainland airlines should brace for extensive security checks of carry-on bags as the United States considers expanding its ban on laptops and other large electronic items to include all international flights.

Unlimited data plans may increase revenue in the short run, but are ultimately unsustainable for the industry, China Mobile chief executive Li Yue said on Wednesday.

Lenovo Group plans to step up the transformation at its underperforming mobile and data-centre businesses after the computer giant swung back in the black in the year to March, rebounding from a loss in the same period last year.

Chinese Internet conglomerate LeEco has laid off about 70 per cent of its US workforce in an effort to streamline operations, less than six months after the company made its grand entrance into the North American market.

China’s tweaking of tax reporting rules on financial accounts are fresh signs of Beijing’s stepped-up efforts to align with a multilateral scheme to combat tax evasion, industry experts say.

Fresh doubts were cast on Beijing’s ability to maintain economic and financial stability at any cost on Wednesday after Moody’s Investors Service downgraded China’s credit rating for the first time since 1989.