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ASIA • Today
Chinese student sorry after uproar at US 'fresh air' speech
May 23, 2017
Yang Shuping's US university graduation address praising democracy caused uproar in China.
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Chinese submersible Jiaolong descends to 4,811 meters in Mariana Trench
May 23, 2017
CHINA’S manned submersible Jiaolong finished a dive in “Challenger Deep” in the Mariana Trench, the world’s deepest known trench, on Tuesday. Xinhua News Agency journalist Liu Shiping descended inside
Japan News
Government says labor investment, reform key in economic policy blueprint
May 23, 2017
The government proposed stepping up investment in human resources development and promoting labor reform in its overview of an economic and fiscal policy blueprint Tuesday, as the graying nation tries to boost its productivity and growth potential. The government hopes to finalize the policy blueprint next month, which aims to address a series of challenges […] The post Government says labor investment, reform key in economic policy blueprint appeared first on The Japan Times.
India News
Foreign policy takes bold route under Modi govt
May 23, 2017
By doing foreign policy differently — as the Modi government completes its third year in office — India has challenged conventional thinking. Shunning its tradition of avoiding confrontation with China publicly, India protested OBOR, CPEC. Announcement of surgical strike in Pakistan is also a bold decision.
News Report
Mindanao, a Philippines Island, Is Placed Under Martial Law
May 23, 2017
Militants belonging to Abu Sayyaf and Maute, two terrorist groups affiliated with the Islamic State, were accused of killing a police officer and two soldiers.
Democrats Warn Trump Against Pre-emptive Attack on North Korea
May 23, 2017
Sixty-four members of Congress sent a letter to President Trump exhorting him to resolve the standoff with North Korea peacefully.
News Analysis
Duterte declares martial law on southern Philippine island of Mindanao
The Philippine president issued the decree in response to fighting in Marawi City, where militants linked to the Islamic State were battling security forces.
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ASIA • Business
At Least 19 Killed at U.K. Concert; Police Investigating as Terror
May 23, 2017
A suspected suicide bomber killed at least 19 people were killed and about 50 injured at a concert hall in Manchester, England, according to U.S. and U.K. authorities. A loud explosion was set off outside the venue just after American singer Ariana Grande closed a show, sending screaming fans streaming toward the exits, according to witnesses and British authorities.
Business Report
Business News
Google's AlphaGo A.I. beats world's number one in ancient game of Go
May 23, 2017
Global champ Chinese player Ke Jie, lost his first game against Google DeepMind computer program AlphaGo in Wuzhen.
South Korea military fires warning shots at object flying near border with North Korea
May 23, 2017
South Korea's military on Tuesday fired warning shots towards an unidentified object flying over the border from North Korea, Reuters reported.
Indian tech sector downsizes heavily as Trump’s H-1B policy creates uncertainty
May 23, 2017
Technology companies in India are in the midst of a massive restructuring drive that has employees worried over the future of the sector.
Singapore’s inflation remained low in April, but that’s all about the rent
May 23, 2017
Singapore inflation remained benign overall in April, data Tuesday showed, but that’s because housing costs fell further.
China Business
Chinese banking regulator Yang Jiacai under investigation for suspected corruption
May 23, 2017
Yang Jiacai, assistant chairman of China’s top banking regulator, has been placed under investigation for suspected corruption, making him the highest ranking banking regulator to become ensnared in the government’s latest crackdown on financial malfeasance. The Central Commission for Discipline Inspection said in a statement on Tuesday that Yang, 56, is under investigation for suspected severe violations of discipline, the usual euphemism for corruption. In line with its usual...
Japan Business
India Business
Indian M&A deals up 23% to $16 bn in Jan-March even as volumes remain flat
May 23, 2017
However, the $11 bn Vodafone-Idea Cellular merger alone accounted for 74% of total value
Business Analysis
Business Report
Hong Kong police arrest 21 Uber drivers in latest crackdown
May 23, 2017
Drivers were arrested in an undercover operation
As Syngenta deal closes, ChemChina and Sinochem press $120-billion deal: sources
May 23, 2017
Merged entity fits Beijing push for SOE consolidation
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ASIA • Markets
Sensex Drops Over 200 Points; Nifty Slips Below 9400
May 23, 2017
Indian shares fell notably on Tuesday and the rupee hit its lowest level since April 3 against the dollar amid heightened geopolitical tensions after the Indian Army claimed it had destroyed many Pakistani posts along LoC recently.
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Market Pulse
US:Wall Street edges up at open ahead of Trump's budget plan
May 23, 2017
[NEW YORK] US stocks were slightly higher on Tuesday ahead of US President Donald Trump's first full budget plan that is aimed at slashing government spending and trimming the deficit.
Singapore stocks finish mixed in moderate volume
May 23, 2017
GAINS in DBS and OCBC banks helped the Straits Times Index rise 9.12 points to 3,222.69 on Tuesday, though the broad market was mixed with 224 rises versus 239 falls, excluding warrants. Turnover at 2 billion units worth S$1.1 billion was moderate by recent standards.
Malaysia: Stocks end the day lower
May 23, 2017
Malaysian shares closed lower on Tuesday with the Kuala Lumpur Composite Index slipping 7.78 points to 1,767.17.
Hot stock: Serrano says unaware of reasons why share price up 210%
May 23, 2017
INTERIOR-DESIGN contractor Serrano told the Singapore Exchange (SGX) that it was unaware of any reasons which could have led to its share price soaring 210 per cent on Tuesday.
Hong Kong: Stocks edge up by close
May 23, 2017
[Hong Kong] Hong Kong stocks ended marginally higher on Tuesday, with profit-taking from a two-day rally tempering gains following a strong lead from Wall Street.
Europe: Tech, banks keep stocks afloat
May 23, 2017
[LONDON] Nokia shares jumped more than 6 per cent to their highest levels in more than a year and were a standout in an otherwise sluggish open on European stock markets on Tuesday.
Forex Markets
Founding CBO Director Says Trump 3% Growth Target Optimistic
May 23, 2017
Alice Rivlin, former vice chair of the Federal Reserve and founding director of the Congressional Budget
Oil Rises Ahead of OPEC Meeting
May 23, 2017
Oil rose on Tuesday as expectations of an extension to OPEC-led supply cuts supported prices, reversing
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ASIA • Economy
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Asia • Insights
A fist-fight in China turns into a clash between tradition and modernity
May 23, 2017

MOST lovers of Chinese martial arts take the magical aspects of kung fu, as demonstrated by the flying fighters of legend and film, with a pinch of salt. But Wei Lei built his career in China on a claim that his mastery of tai chi, a branch of kung fu, had given him supernatural power. In a programme about kung fu that was broadcast on state television in 2015, Mr Wei demonstrated that he could keep a dove standing on his hand with an invisible force-field and smash the inside of a watermelon without damaging its rind. The broadcaster itself appeared to be among the credulous.

There were many sceptics, too. Earlier this year one of them stepped forward to challenge Mr Wei: Xu Xiaodong, a practitioner of mixed martial arts—a fighting form drawing on Eastern and Western traditions that began to take off in America in the 1990s (and is picking up fans in China). Mr Xu mocked tai chi as a slow-motion form of aerobics. Last month the two men decided to settle their argument in...Continue reading

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