Page 2 - Asia-pacific

One in four people in Asia, Pacific will be above 60 by 2050: UNFPA

One in four people in Asia and the Pacific will be above the age of 60 by 2050 and more than half of them will be women, UNFPA Asia-Pacific Regional Director Pio Smith said on Tuesday. Asia and the Pacific refer to a vast and diverse region that encompasses Asia and the Pacific Islands, which are scattered throughout the Pacific Ocean. Addressing a press briefing, Smith said along with ageing populations, countries are also witnessing low fertility rates as women are having fewer babies. "This means that while people are living longer, the working population is also shrinking," Smith said. By 2050, it is estimated that one in four people in Asia and the Pacific will be about the age of 60 and more than half of them will be women, he said. Smith said it is easy to hear alarm bells ring if the focus is only on the numbers. "We really do have to understand that population ageing and low fertility are not problems to be solved. They are demographic transitions that the human populati

Delhi mayor to attend 'Asia Pacific Cities Summit' in Australia from Oct 11

Delhi Mayor Shelly Oberoi will take part in an urban summit in Australia and present the work done by the Arvind Kejriwal government in the national capital, officials said on Sunday. The 'Asia Pacific Cities Summit' is scheduled to take place in Brisbane from October 11-13. While the theme of the summit is 'Shaping Cities for Our Future', there are three sub-themes: technology, data, development, and people's well-being, according to a statement issued by the mayor's office. Oberoi will depart for Brisbane on Monday, it said. She will present the 'model of the Kejriwal governance' to a global audience. This model showcases the work done in Delhi, Punjab, and the Municipal Corporation of Delhi under the leadership of Chief Minister Arvind Kejriwal, the statement said. She will talk about education, health, and cleanliness. The summit will facilitate the exchange of ideas and achievements among mayors, policymakers, business leaders, and more. In the 2019 edition of the Summit, ma

India elected President of AIBD General Council for third consecutive term

Prasar Bharati, India's public service broadcaster is the representative body of the Ministry of Information & Broadcasting at the Asia-Pacific Institute for Broadcasting Development

Tourism recovery in Asia-Pacific region strong, robust post pandemic: PATA

The recovery in tourism in the Asia-Pacific region after the COVID-19 pandemic has been "strong and robust" and the numbers have reached about 80 per cent of 2019's figures, the chief of Pacific Asia Travel Association (PATA) said on Thursday. Peter Semone was interacting with reporters during the second day of the 46th edition of the PATA Travel Mart being hosted here from October 4-6. The physical version of the PATA Travel Mart is being held after a hiatus of three years due to the Covid pandemic. "Recovery from 2019 numbers... in the Asia-Pacific region, we are running at about 80 per cent. So there is a recovery and I have to say its strong and robust recovery. "The quality of tourism, in terms of lengths of stays, is better. It seems, when people are travelling, they are travelling a little bit more seriously and in a bit more committed way," Semone said when asked about the recovery made in tourism sector in the Asia-Pacific region. Later on the sidelines, he also shared so

Sensex ends 267 pts up; Adani Group stocks shine; Jio Fin dips 5% on debut

CLOSING BELL ON AUGUST 21, 2023: The NSE Nifty 50 ended with a gain of 84 points at 19,394. Jio Financial Services settled at the 5 per cent lower circuit on debut on Monday.

UBS Group to cut two-thirds of Credit Suisse dealmakers in Asia-Pacific

That would cost about 200 jobs at its global banking division in Asia over the next couple of months, the people said, asking not to be identified because the matter is confidential

Asia-Pacific needs disaster warning systems against climate change: Report

Countries in the Asia-Pacific region need to drastically increase their investments in disaster warning systems and other tools to counter rising risks from climate change, a United Nations report said Tuesday. The report issued Tuesday by the Economic and Social Commission for Asia and the Pacific, or ESCAP, says nearly USD 145 billion is needed to set up systems to minimise deaths and damage from floods, earthquakes, drought and other disasters. Artificial intelligence, satellites, remote sensing and other technologies can aid in forecasting, notifying the public in times of emergency and providing other services, but telecommunications systems must be fortified to ensure that vulnerable communities will get that information, said the report, which was released to mark the U.N.'s Disaster Resilience Week. Most countries have failed to spend even 10 per cent of what is needed, the report said. Half of all countries lack early warning systems and even fewer have systems that are ..

Kaspersky has big plans for India, will be investing in people & tech: MD

Over the next 10 years, India will be going through a rapid digital transformation, said Adrian Hia, managing director for Kaspersky in Asia-Pacific

Mumbai emerges as third-biggest data centre market in Asia-Pacific: Report

Mumbai was ranked third on the list in terms of the total capacity of data centre services, according to the Q1 2023 report. The live capacity (operational capacity) stood at 270 MW

Mumbai third in Asia Pacific region in data centre capacity: Report

Only Indian city in the ranking, had a 'standout growth story' in the first quarter of CY23

Morgan Stanley weighs 7% cut in Asia-Pacific investment banking workforce

The New York-based firm already axed about 50 investment-banking jobs in Asia by the end of last year after a plunge in deals, and a significant number of those were China-focused roles

With resilient growth in India, Asia-Pacific remains dynamic region: IMF

Pacific is projected to increase this year to 4.6 per cent, up from 3.8 per cent in 2022. As a result, the region would contribute around 70 per cent to global growth

India 2nd most targeted by ransomware in Asia Pacific, Japan region in 2022

India is the second most targeted country by ransomware in the Asia-Pacific and Japan region in 2022, up from spot 3 in 2021, a new report said on Tuesday

Delhi international airport among cleanest in Asia-Pacific, says ACI

While Delhi was ranked among the top airports for cleanliness, none of the Indian airports made it to the winners list in the other new categories

Asia-Pacific airlines saw air cargo volumes dip 18.6% in Nov 2022: IATA

As per the International Air Transport Association (IATA), this was the worst performance of all regions and a decline in performance compared to October (minus 14.7 per cent)

Asia-Pacific shares rise on US rate bets, China's borders reopening

Asian shares rallied on Monday as hopes for less aggressive U.S. rate hikes and the opening of China's borders bolstered the outlook for the global economy

Not afraid of recession, demand for automation will go up: Verint CEO

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

Prasar Bharati ADG elected vice prez of Asia Pacific Broadcasting Union

Prasar Bharati Additional Director General Sunil has been unanimously elected as the Vice President of the Asia Pacific Broadcasting Union (ABU). Sunil has been elected for a three year term. Prasar Bharati had hosted the 59th ABU General Assembly and Associated Meetings in New Delhi last month. The ABU is a non-profit, professional association of broadcasters from Asia and Pacific regions. Its General Assembly was attended by over 400 representatives of broadcasting organisations from more than 57 countries.

Bengaluru may see highest growth in office rent at 5-7% next year: Report

Office rentals in Bengaluru is expected to grow by 5-7 per cent -- highest in the Asia-Pacific region -- during the next year, according to Knight Frank India. In its latest report on 'AsiaPacific Outlook 2023', property consultant Knight Frank said that rent growth in the APAC region is expected to moderate in 2023 as corporate occupiers are looking to optimise overheads and generate savings. "The steady performance of the Indian office markets seen in 2022 is expected to sustain in 2023," it said. Bengaluru's prime office rental is expected to grow in the range of 5-7 per cent YoY (year-on-year) in 2023, highest amongst the 24 APAC cities tracked in the report. Mumbai and New Delhi are the other Indian cities tracked in the report. New Delhi's prime office rental is expected to grow in the range of 4-6 per cent YoY followed by Mumbai in the 3-5 per cent YoY in 2023. The consultant attributed the expected growth in office rentals to a comparatively strong economic outlook, ...

Bengaluru sees highest office rental growth across APAC; rent up 12.1 pc

Office rent in Bengaluru rose 12.1 per cent year-on-year in July-September this year, the highest in the Asia Pacific region, according to Knight Frank. In its Asia-Pacific Prime Office Rental Index for Q3 2022, property consultant Knight Frank said that Bengaluru topped the list with 12.10 per cent y-o-y (year-on-year) growth in office rentals in Q3 (July-September) 2022. Mumbai was at the 3rd rank in the index, recording 7 per cent y-o-y growth in office rentals, followed by Delhi-NCR at 14th rank, which remained stable during the period. Jakarta was in the second position with a 10.90 per cent growth in office rent. Taipei stood at fourth rank with a 5.50 per cent increase in rent, followed by Singapore with a 5.3 per cent rise, Brisbane with a 3.9 per cent appreciation and Seoul with a 3.7 per cent rise. Sydney ranked 8th with a 3.40 per cent rent increase, while Perth was at 9th position with 2.4 per cent rental growth and Shanghai at 10th rank with 1.9 per cent ...