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Hong Kong belatedly joins mainland China in bull market club as upbeat sentiment lifts stocks

It’s official: Hong Kong is finally in a bull market.A mix of good news drove market sentiment. The Hang Seng Index jumped 1.8 per cent to close at 29,562.02 on Monday, the first trading session of the second quarter, gaining 20.2 per cent since a recent low in October.The Hong Kong market has gained over HK$5 trillion (US$637 billion) in value since October 30.The benchmark is a latecomer to the club. China’s major indices, including the Shanghai Composite, the large-cap CSI 300 and the… Source link

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Fosun to open Club Med ski resort near Beijing to capture China’s new-found love for snow sports leading to 2022 Winter Olympics

Club Méditerranée, which operates all-inclusive holiday resorts around the world, plans to open a winter retreat with a ski school near Beijing to take advantage of the expected popularity of snow sports during the 2022 Winter Olympics in the Chinese capital. The company, commonly known as Club Med, will open a resort near the Chinese capital, where the winter games are scheduled to be held in three years’ time. Several ski resorts – including the Secret Garden resort by Malaysia’s Genting… Source link

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Club Med owner Fosun Tourism swings to profit during its first year of listing in Hong Kong

Fosun Tourism Group, the Chinese owner of the Club Med resort chain, swung to profit in 2018, the year of its Hong Kong listing, as its resorts attracted more tourists.Full-year profit attributable to shareholders was 308.4 million yuan (US$45.9 million), or 0.30 yuan per share, compared with a loss of 196.5 million yuan in 2017, said the company in an exchange filing on Sunday. Revenues increased 38 per cent to 16.3 billion yuan, according to the statement.Business volumes from Club Med rose 8… Source link

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Singapore 

Man arrested for disorderly behaviour, causing hurt to police officer outside Lucky Plaza club, Singapore News

A 29-year-old man was arrested for multiple offences after being seen restrained and pinned down by police officers at Lucky Plaza in the wee hours of March 2. Videos circulating online show a crowd gathered outside the Platinum Music World club, located on the third storey of the shopping mall. In one video, a man can be seen putting up a struggle as several police officers tried to restrain him At least two voices, one male and one female, can be heard saying: “Don’t retaliate, don’t retaliate.” However, the man…

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Singapore 

Why the Platinium Dogs Club saga doesn’t shock Dog Whisperer Cesar Millan, Singapore News

The Platinium Dogs Club dog abuse saga may have outraged many Singaporeans when it came to light in January. But to celebrity Mexican-American dog behaviourist Cesar Millan, better known as the Dog Whisperer, instances of pet negligence are so common that his face was devoid of emotion when told about it. The operator of the local pet boarding facility has been arrested for alleged animal welfare offences following complaints of mistreatment by dog owners who used its services. A Shetland sheepdog reported missing from Platinium Dogs Club died while boarded…

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At least eight guests struck down by norovirus at luxury Club Med Yabuli resort in northern China

Eight guests celebrating the Lunar New Year holiday at the luxury Club Med Yabuli resort in northern China had contracted the norovirus sometimes known as “winter vomiting bug”, according to the resort operator. “Harbin local government confirmed that eight guests received medical treatment for symptoms of the ‘Winter Vomiting Bug’ Norovirus on February 9 and 10 at Club Med Yabuli in Heilongjiang Province,” said a statement released by Club Med on Monday. Harbin is the capital city of China’s nothernmost province. No one had been kept in hospital for treatment,…

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Singapore 

KTV Singapore showdown – Teo Heng vs $10 Club vs Manekineko vs Party World, Singapore News

Karaoke brings out strange talents in me – I can remember the lyrics to my Primary 6 jam (read: “Oops! I Did It Again”) and spit Jay Chou raps like Mandarin is my Mother Tongue (oh wait, it is). If you’re addicted to singing, you’d know that KTVs are not cheap. Here are the prices for the top 4 karaoke chains in Singapore – Teo Heng, Ten Dollar Club, Manekineko (the new KBox) and Party World. KTVS IN SINGAPORE – TEO HENG VS $10 CLUB VS MANEKINEKO VS PARTY WORLD…

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Singapore 

About 70 Pines club members to sue Exklusiv Resorts, Singapore News

Disgruntled members of The Pines club are edging towards a face-off in court with motoring tycoon Peter Kwee, as nearly 70 of them – and counting – have come together to sue Mr Kwee’s company, which owned and managed the now-defunct club. These members’ decision follows a Dec 20, 2018 response by lawyers of Rajah & Tann, acting for Mr Kwee’s company Exklusiv Resorts, which rejected the allegations in the members’ letter of demand and described their claims as “baseless” and “unmeritorious”. Rajah & Tann added that they have instructions…

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Singapore 

Missing sheepdog Prince died while boarded at Platinium Dogs Club: AVA, Singapore News

SINGAPORE – A dog reported missing from the Platinium Dogs Club died while boarded at the facility, the Agri-Food and Veterinary Authority of Singapore (AVA) revealed on Wednesday (Jan 9). Prince, a Shetland sheepdog, was reported missing by his owner Ms Elaine Mao on Dec 30. She appealed for information about him on Facebook and offered a $2,000 reward to anyone who found him, sparking a hunt among members of the public. However, the AVA, which raided the Bukit Panjang boarding facility following complaints of mistreatment of pets in its…

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Singapore 

Platinium Dogs Club saga: Can AVA make arrests? Yes, for offences under 9 Acts it administers, Singapore News

SINGAPORE – The Agri-Food and Veterinary Authority of Singapore (AVA) is authorised to make arrests for offences that fall under nine Acts and their subsidiary legislation, according to its website. These are the AVA Act, the Animals and Birds Act, the Control of Plants Act, Endangered Species (Import and Export) Act, the Feeding Stuffs Act, the Fisheries Act, the Sale of Food Act, the Wholesome Meat and Fish Act and the Wild Animals and Birds Act. News reports on Monday (Jan 8) that the operator of pet boarding facility Platinium…

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