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How Karmart rode the Thai beauty wave: with 2gether stars Bright and Win as Cathy Doll ambassadors and support from Kim K favourite Patrick Ta, the beauty retailer is setting its sight on the world | South China Morning Post

23 hours ago | scmp.com | Gloria Tso

For the better part of the past decade, South Korea has reigned supreme as the epicentre of entertainment and celebrity-driven trends in Asia. But Thailand, with its own brand of bankable stars, fast-growing economy and inviting culture, is on the rise. Nowhere is this more evident than in the realm of beauty: Thai brands, bolstered by a booming creative scene and promoted by local celebrities with a global reach, are quickly taking over.
With US-China rivalry ‘putting the squeeze on’ Asian markets, is taking sides an option?

1 day ago | scmp.com | Luna Sun |Kandy Wong |Ralph Jennings

Caught in the undertow of swirling power plays between China and the United States, Asia has become like a piece of driftwood battered by the pounding of opposing tides.
Trump-Xi call on US-China trade tensions heightens Taiwanese fears of being marginalised

1 day ago | scmp.com | William Zheng

Taiwanese politicians have voiced concerns that the island risks being further sidelined following the recent phone call between Chinese President Xi Jinping and his US counterpart Donald Trump. The call focused on easing trade tensions, but Xi also said that the US “must handle the Taiwan question with prudence” and make sure “fringe separatists” did not drag China and the US into “confrontation or even conflict”, according to state news agency Xinhua.
Trade to tech war: why Trump picked his export control head for next China talks

1 day ago | scmp.com | Ji Siqi |Ralph Jennings |Kandy Wong

After Chinese President Xi Jinping and US President Donald Trump held a highly anticipated call on Thursday, analysts said future economic negotiations between the two powers would likely focus on tech-related issues, with both sides eager to address export control “chokepoints”.
Xi-Trump phone call fails to spark much enthusiasm on Chinese factory floors

1 day ago | scmp.com | Luna Sun |Kandy Wong |Frank Chen |Ralph Jennings

As two of the world’s most powerful leaders – President Xi Jinping and US counterpart Donald Trump – exchanged rare conciliatory words in a phone call that signalled a potential thaw in China-US tensions, the mood on factory floors in China remained far more restrained. Exhausted by continual policy shifts and disillusioned by Trump’s volatility, many manufacturers are delaying major moves until clearer signals emerge.
Manulife’s Hong Kong unit to redomicile from Bermuda thanks to new law

1 day ago | scmp.com | Enoch Yiu

Manulife (International), the biggest pension provider in the city, plans to redomicile to Hong Kong from Bermuda in November, indicating its confidence in the city as an international financial centre, according to a notice it sent to customers on Friday.
HSBC chairman Mark Tucker to return to AIA; interim replacement is Brendan Nelson

1 day ago | scmp.com | Enoch Yiu

HSBC Holdings chairman Mark Tucker will return to insurer AIA Group on October 1 and be replaced on an interim basis by veteran accountant Brendan Nelson, the two companies said on Friday. In early May, Tucker, who will turn 68 in December, said he would retire from HSBC by the end of the year. He will become AIA’s non-executive chairman on October 1, returning to a company that he led as CEO and president between 2010 and 2017. His last day at HSBC will be September 30.
Despite US port fee, big shipping companies are still ordering vessels made in China

1 day ago | scmp.com | Carol Yang

While a US port fee targeting ships linked to China has made some vessel buyers hesitant, major shipping companies – including Mediterranean Shipping Company (MSC), the world’s largest – are opting to continue working with Chinese shipyards, saying their competitiveness cannot be easily matched in the short term.
Malaysia’s anti-corruption agency ‘vindictive’ in pursuit of Daim’s estate, widow says

1 day ago | scmp.com | Hadi Azmi

The widow of Malaysian tycoon and former politician Daim Zainuddin has hit back at the country’s anti-corruption agency, accusing it of being “vindictive” by continuing to seize assets from his estate in both Malaysia and the United Kingdom despite no criminal conviction. On Thursday, the Malaysian Anti-Corruption Commission (MACC) took control of Daim’s 58-storey Ilham Tower in Kuala Lumpur, alleging that it was tied to offences under the anti-money-laundering law.
My Take | Can Southeast Asia contain growing threat of cyber scams?

1 day ago | scmp.com | Biman Mukherji

As Southeast Asian leaders focus on navigating trade tariffs and the US-China rivalry, a growing threat to the region’s economic resilience is being largely overlooked: the rise of billion-dollar cyber scam centres operating with impunity. These operations not only endanger financial stability and investor confidence, but are also eroding national sovereignty – all while exploiting the region’s young, tech-savvy populations who are increasingly dependent on digital services.