SoftBank Revenue, 5G Global Convention, Singapore GDP

Welcome to your week in Asia.

Companies such as SoftBank and Foxconn release their financial results this week. Second quarter GDP figures for the Philippines, Singapore and Malaysia will also be released.

In South Korea, the fate of Samsung Electronics Vice Chairman Lee Jae-yong will be decided as the Justice Ministry holds a meeting to assess pardon candidates later this month.

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SoftBank Group announces earnings

Investors are bracing for another quarter of lackluster results at Masayoshi Son’s SoftBank Group. In addition to a weak performance from its portfolio of publicly traded tech stocks, some of its private unicorns are reportedly raising “downside rounds” – new funding at lower valuations than in the past. In recent public appearances, Son has spent more time talking about Arm, the British semiconductor designer he wants to go public, than his passion for fast-growing startups.


Forgiveness for Samsung’s Lee?

South Korea’s justice ministry is expected to hold a two-day pardons meeting before release day on Aug. 15. when public opinion favors it. There is speculation that Lee could promote himself to president if he is pardoned. The position has been vacant since the death of his father in 2020.

Philippines releases second quarter GDP


5G World Convention in Harbin, China

China’s 5G Global Convention is set to kick off in the northeast city of Harbin, where organizers aim to draft a cooperation plan among industry players. In addition to featuring exhibits from fifth-generation wireless infrastructure vendors, the three-day event will also feature speakers like Stephen Orlins, chairman of the National Committee on U.S.-China Relations.

Announcement of Thailand’s monetary policy

Japanese Prime Minister Fumio Kishida to reshuffle his cabinet

Corporate Profits: Foxconn, Honda, Cathay Pacific


Chinese survey vessel arrives in Sri Lanka

The Yuan Wang 5, a high-tech Chinese military surveillance vessel, is expected to arrive in Sri Lanka. The strategically important island nation in the Indian Ocean has given the green light for the ship to dock at the Chinese-built and controlled port of Hambantota in the south of the country. India conveyed its concern to Colombo over the vessel’s visit. The incident highlights the diplomatic dilemma Sri Lanka faces in its relations with the two powers it must rely on to escape its worst economic crisis.

Singapore publishes Q2 GDP

Company income: China-Mobile


Malaysia released Q2 GDP

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