Asia Pacific Topics

Business titans secretly fund Philippine presidential hopefuls

May 8, 2016

Business titans secretly fund Philippine presidential hopefuls

Philippine presidential favorite Rodrigo Duterte has flippantly brushed aside campaign trail allegations of accepting million-dollar gifts, while his rivals have refused to disclose their backers, deepening concerns over business titans’ shadowy grip on politics. The Philippines has one of Asia’s biggest rich-poor divides, with ...

Millionaire Turnbull gambles in calling Australian elections

May 8, 2016

Millionaire Turnbull gambles in calling Australian elections

Rich and famous, Malcolm Turnbull was already known as a brilliant lawyer, strident republican, successful tech entrepreneur and millionaire banker before he entered politics. He had long been seen as prime ministerial material, and his toppling of unpopular conservative colleague Tony Abbott in September ...

Beijing tightens screws on Taiwan's new president

May 8, 2016

Beijing tightens screws on Taiwan's new president

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When Tsai Ing-wen becomes Taiwan’s president later this month, she will end a period of unprecedented rapprochement with rival Beijing — and China is already ramping up the pressure on her new government. Tsai’s Democratic Progressive Party (DPP) is traditionally pro-independence and refuses to ...

May 3, 2016

Tobacco tax hike to add billions to Australia's coffers

Smokers in Australia could pay approximately $40 Australian dollars ($30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday. The cost of cigarettes will rise 12.5 percent every year, starting from 2017, with a packet currently costing around AU$25, according ...