Thursday, December 26

Tag: Asia

China wants to limit teens to no more than two hours a day on their phones
7Aug By adminNo Comments
Technology

China wants to limit teens to no more than two hours a day on their phones

Hong Kong CNN  —  China is proposing new measures to curb the amount of time that kids and teens can spend on their phones, as the country takes aim at internet addiction and tries to cultivate “good morality” and “socialist values” among minors. A proposal released by the Cyberspace Administration of China, the country’s top internet regulator, on Wednesday would require all mobile devices, apps and app stores to have a built in “minor mode” that would restrict daily screen time to a maximum of two hours a day, depending on the age group. The restrictions, if approved, would mark an expansion of existing measures rolled out in recent years as Beijing aims to limit screen time among kids and reduce th...
Read More
India restricts laptop imports to boost local manufacturing
4Aug By adminNo Comments
Technology

India restricts laptop imports to boost local manufacturing

CNN  —  India has placed restrictions on the import of computers and laptops in a surprise move from the government of Prime Minister Narendra Modi which has been trying to encourage domestic manufacturing in the tech sector. Importers will now need to apply for licenses in order to bring laptops, tablets, personal computers and other electronic devices into the country, according to a notice issued by the Ministry of Commerce and Industry on Thursday. Previously, the import of such items was unrestricted. The ministry didn’t provide a reason for the change in rules, however Modi has aggressively pushed his “Make in India” campaign, which promotes local manufacturing in a bid to create more jobs. It ...
Read More
Why Thailand’s legal weed is luring droves of curious but cautious Asian tourists
13Jul By adminNo Comments
Money

Why Thailand’s legal weed is luring droves of curious but cautious Asian tourists

Bangkok — A Japanese tourist reaches into a baggie of cannabis he's just bought in a central Bangkok weed shop, pulling out a gram of buds to chop down in a small black grinder, before rolling them neatly into a joint. Only the slight spillage onto the smoking lounge's table — and his cough as he lights up and inhales deeply — betray the fact that until two weeks ago, he'd never tried marijuana. Most Asian nations have strict drug laws with harsh penalties, and Thailand's de facto legalization of marijuana last year has brought a wave of tourists from the region like the visitor from Japan, intrigued by the lure of the forbidden leaf."I was curious about how I would feel after smoking," said the 42-year-old tourist who spoke on condition that his name not be used, for fear his exp...
Read More
Australia court approves $300m money laundering fine for Blackstone’s Crown Resorts
11Jul By adminNo Comments
Money

Australia court approves $300m money laundering fine for Blackstone’s Crown Resorts

SYDNEY, July 11 (Reuters) - An Australian court signed off on a A$450 million ($300 million) fine for Blackstone-owned (BX.N) casino operator Crown Resorts for breaking anti-money laundering laws, ending the darkest chapter in the company's history.The company, dominated by billionaire founder James Packer before he agreed to sell last year, agreed to the payment in May after allegations over wide-ranging governance problems sparked inquiries in all the states in which it operated, plus an investigation by the financial crime watchdog. read more But the fine needed the sign-off of the federal court, which approved the penalty, Australia's third-largest corporate fine, on Tuesday."The penal orders reflect the serious and unacceptable nature of the contraventions", judge Michael Lee said i...
Read More
U.S. Treasury chief Janet Yellen pushes China over “punitive actions” against American businesses
9Jul By adminNo Comments
Money

U.S. Treasury chief Janet Yellen pushes China over “punitive actions” against American businesses

Beijing — U.S. Treasury Secretary Janet Yellen, in Beijing for meetings with top Chinese officials and American companies that do business in the country, said the U.S. welcomes healthy economic competition with China, but only if it's fair. Yellen also said she was concerned about new export controls announced by China on two critical minerals used in technologies like semiconductors."We are still evaluating the impact of these actions," she said, "but they remind us of the importance of diversified supply chains."Her message to company representatives, including from corporate giants such as Boeing and Bank of America that have significant operations in China, was that the U.S. government understands it's not been an easy time. "I've been part...
Read More