The DailyBrief

Monday March 6, 2017

National People’s Congress: China’s Premier Li Keqiang announced new air pollution measures at the opening session of the annual NPC, writes Benny Kung. These include new emission targets for sulfur dioxide, nitrogen oxide and fine particulates and will see 300 million households in the northern part of China using cleaner energy for indoor heating, coal power plants in prefecture-level cities or above scrapped completely and the closure of factories that fail to comply.

Saudis in Indonesia: During his nine-day visit to Indonesia, the first by a Saudi Arabian monarch in 47 years, King Salman bin Abdulaziz Al Saudi and his 1,500-strong entourage have lavished far more than the kingdom spent in direct investment to the world’s largest Muslim country for all of last year, writes John McBeth. Saudi Arabia spent US$900,000 in aid last year, far less than the US$2.1 million it cost to install bulletproof glass in the King’s presidential suite or to pay for the cost of his fleet of six jumbo jets and a Hercules cargo plane that brought his delegation from Riyadh, together with supplies weighing more than 500 tons.

North Korea missiles: Four ballistic missiles were launched from North Korea’s Tongchang-ri region near the border with China, three of which landed in Japan’s economic zone in the Sea of Japan, Japanese Prime Minister Shinzo Abe said. Reuters reports that Japanese officials described the launches as a grave threat and said they had lodged “strong protests” with nuclear-armed North Korea.

Women in banking: Females need to meet the challenges of working in the cut-throat world of finance head-on, said Arundhati Bhattacharya, the first woman to chair the 210-year-old State Bank of India. Lin Wanxia writes that Bhattacharya gave the keynote speech at the Fortune Most Powerful Women International summit in Hong Kong last week, where she joined 164 other female business leaders from across the world.