Asia Pacific (6do encyclopedia)230512



The Asia-Pacific region, also known as Asia-Pacific or APAC, includes nations located in Asia, Oceania, and the Pacific Ocean. Geographically, the region stretches from the eastern coast of Australia to the western shores of the United States and encompasses a diverse range of cultures, languages, and governments. It is the largest and most populous region in the world and is home to over 4.5 billion people, accounting for more than 60% of the global population.

The Asia-Pacific region has a rich history and has played a significant role in shaping global politics, culture, and technology. From ancient civilizations like the Indus Valley Civilization in South Asia to the modern economies of China and Japan, the region has been at the forefront of world affairs for centuries.

In terms of economy, the Asia-Pacific region is a powerhouse. It contributes over 50% of the world’s GDP and is responsible for producing and exporting a wide range of goods and services. The region is home to several of the world’s largest economies, including China, Japan, and India. With the rising economic might of countries like South Korea, Indonesia, and Vietnam, the Asia-Pacific region is expected to remain a driving force in the global economy for years to come.

The Asia-Pacific region is also known for its diversity of languages and cultures. With over 4,000 languages spoken in the region, it is the most linguistically diverse region in the world. From the Mandarin and Cantonese spoken in China to the Hindi and Bengali spoken in India, the region’s languages reflect its rich history and cultural heritage.

The region has also been shaped by several major religions, including Buddhism, Hinduism, Islam, and Confucianism. These faiths have influenced the region’s art, architecture, and philosophy, and continue to play a significant role in the lives of people throughout the Asia-Pacific.

In terms of governance, the Asia-Pacific region is home to a wide range of political systems and ideologies. From the democratic governments of countries like Japan and South Korea to the one-party communist state of China, the region’s political landscape is complex and varied. The region has also seen its fair share of conflicts and political upheavals, including the Korean War, the Vietnam War, and ongoing tensions between China and Taiwan.

Despite its challenges, the Asia-Pacific region remains a key player in global affairs and has made significant contributions in a variety of fields. The region has produced a wealth of innovative technologies, from Japan’s advanced robotics to South Korea’s cutting-edge electronics. It is also home to some of the world’s most famous cultural landmarks, including the Great Wall of China, the Taj Mahal, and the Sydney Opera House.

In recent years, the Asia-Pacific region has faced new challenges and opportunities, including the rise of China as a global power and the increasing importance of digital technology. As the world becomes more interconnected, the Asia-Pacific region is poised to play an even greater role in shaping global politics, economics, and culture in the years to come.


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Dollar keeps gains as traders bet Fed headed for a pause

Reuters

23-05-12 02:20


The US dollar advanced to a more than one-week high after a number of data released overnight suggested the US economy was slowing and the Federal Reserve would continue to pause on interest rate increases. The dollar index, which measures the US currency against six peers, was up 0.059% to 102.02, not far from the overnight peak of 102.15, reached on 2 May. The index is set to break a two-week losing streak, having risen 0.7% this week.

https://www.reuters.com/markets/currencies/dollar-keeps-gains-traders-bet-fed-headed-pause-2023-05-12/
Asian shares tentative on global growth concerns, Japan surges

Reuters

23-05-12 02:17


Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from U.S. and China magnified concerns of a global slowdown. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2% with China's bluechips easing 0.1% in early trading and Hong Kong stocks seeing a slight gain. Japan's Nikkei outperformed following strong earnings from Nissan and Honda. Data has shown China's economic recovery is losing steam, including a sharp fall in new bank loans in April.

https://www.reuters.com/markets/global-markets-wrapup-1-pix-2023-05-12/
Philippine court acquits top critic of ex-president's 'war on drugs'

Reuters

23-05-12 01:39


Former senator Leila De Lima has been acquitted of ethics violations by a Philippine court. De Lima, a critic of former president Rodrigo Duterte, was accused of receiving corrupt money from drug dealers whilst serving as a cabinet minister. Despite her acquittal, she is unlikely to be released from detention due to another charge pending in court. De Lima was charged in 2017, shortly after launching an investigation into Duterte’s “war on drugs”, in which thousands were killed by police and dealers. The politician has been celebrated by human rights groups and considered by many to be a political prisoner.

https://www.reuters.com/world/asia-pacific/philippine-court-acquits-top-duterte-critic-after-6-years-detention-2023-05-12/
Foxconn shares fall after Apple supplier's Q1 profit plunges

Reuters

23-05-12 01:13


Shares in Foxconn dropped over 2% following a missed quarterly profit forecast, which the supplier blamed on a large writedown from its stake in Japan's Sharp Corp. Foxconn is the world's largest contract electronics maker, while Sharp's shares fell 7%.

https://www.reuters.com/technology/foxconn-shares-fall-after-apple-suppliers-q1-profit-plunges-2023-05-12/
Rise of Thailand’s youth party reflects still potent protest demands

Reuters

23-05-12 01:09


Move Forward, a youth-led opposition party in Thailand, is seeking to win votes from first-time voters aged 18-22 who are expected to comprise 3.3 million people in the imminent election. The party's policies include rewriting the constitution to limit military power, enabling elected governors to replace appointees, and removing conscription. The party has also taken up more controversial causes such as amending the criminal code that imposes prison sentences of up to 15 years for criticism of the king, which remains a sensitive issue in Thailand, and which has triggered protests.

https://www.reuters.com/world/asia-pacific/rise-thailands-youth-party-reflects-still-potent-protest-demands-2023-05-12/