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Robots to become extended family members amid advances in AI, 5G, other tech: Huawei

In a span of six years, more people around the world will potentially be living with robots – the new extended family made possible by artificial intelligence (AI), 5G and other hi-tech advances.The global penetration rate for home robots is predicted to reach 14 per cent by 2025, according to the second edition of Huawei Technologies’ Global Industry Vision (GIV) released on Friday. The report, which was initiated by Huawei last year, is designed to analyse industry development trends and… Source link

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Vietnam 

Family businesses need early succession plans: conference – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A panel discussion at the conference titled Developing the Next Generations of Leaders – Best Practices of Worldwide Successful Family Businesses held in HCM City on Wednesday. — VNS Photo HCM CITY — Family-run businesses need to develop clear and early succession plans, a conference heard in HCM City on Wednesday. Leadership transition is critical for family enterprises, they said. The first generation takes time and effort to establish a business and hopes the business it has created would thrive through multiple generations of family ownership, they said. Hoe…

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New Frontier agrees to buy China private hospital operator United Family Healthcare for US$1.44 billion

New Frontier Corp, the New York-listed investment arm affiliated with New Frontier Group, has agreed to buy United Family Healthcare for US$1.44 billion to create one of the biggest publicly traded health care service companies in China.New Frontier will buy the stake in United Family, one of the largest privately-held hospitals on the mainland from private equity firm TPG and Shanghai Fosun Pharmaceutical Group, according to a press release. New Frontier will use proceeds from its initial… Source link

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Citygate Outlets set to become more ‘family friendly’ as second phase expansion opens

Citygate Outlets, the city’s only full scale outlet mall in Tung Chung, will open its phase two development next month, in an expansion that will bolster shopping, dining and entertainment amenities, raising the mall’s appeal as a destination for families.The second phase, on track to open 20 years after initial development, will include the addition of four movie houses with a total capacity of 650 seats, a doubling of existing dining options, and additional luxury and casual brands… Source link

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Global family offices grow assets under management to nearly US$6 trillion, report shows

The number of Asia-Pacific family offices rose 44 per cent during the last two years, according to Campden Research. A selection of supercars, traditional symbols of wealth, are displayed during Sino Group’s Gold Coast Motor Festival in Hong Kong on November 10, 2017. Photo: Nora Tam Source link

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Victory in bitter family feud for control of Great Eagle, one of Hong Kong’s richest property empires, is bitter sweet for chairman Lo Ka-shui as global recession looms

For Lo Ka-shui, his tentative victory in a high-profile family feud over a HK$24 billion (US$3 billion) property inheritance has proved to be something of a mixed blessing.Having seen off an attempt by his mother to win back control of Great Eagle Holdings, one of Hong Kong’s wealthiest property dynasties, he faces the daunting prospect of trying to keep the company’s international hotel empire growing.The protracted trade war between the world’s two largest economies has dampened sentiment… Source link

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Singapore 

‘Everything is gone’: Family lost most of their belongings in Boon Lay HDB flat fire, Singapore News

SINGAPORE – Hours after a fire engulfed their fourth-floor Housing Board flat in Boon Lay on Monday night (July 15), the family returned to find that little remained of their home. The Straits Times met Mr Che Rohisyam Che Zain and his wife Madam Assirah Ekbal on Tuesday afternoon as they were scouring their ruined two-room flat at Block 191 Boon Lay Drive, searching for salvageable household items. “Everything is gone. I was looking for my handbag which had about $800 in it but I couldn’t find it,” said Madam…

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Citic Group, Wuxi company and Henry Tang’s family in talks to buy Hong Kong Airlines, putting an end to boardroom tussle

A consortium of mainland Chinese and Hong Kong investors is bidding to buy Hong Kong Airlines, offering an end to the messy boardroom tussle at the city’s third-largest carrier and a financial lifeline to the debt workout by one of China’s biggest asset buyers.The investors comprise the family of Hong Kong’s former Chief Secretary Henry Tang Ying-yen, include a unit of Citic Group, and Wuxi Communications Industry Group, the Chinese owner of the Dornier Seawings amphibious aircraft maker,… Source link

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Singapore 

Family of 2-year-old girl allegedly murdered by dad: ‘We don’t hate him, he doted on her’, Singapore News

Relatives of a two-year-old girl who was allegedly murdered by her father in his Sengkang home said that the accused had doted on the victim. Johnboy John Teo, 35, has been charged with the murder of Ashley Clare Teo, who was found lying motionless at Block 163B Rivervale Crescent on Father’s Day (June 16) and later pronounced dead. Teo allegedly suffocated his daughter in a bedroom before slashing his own neck with a knife. According to Shin Min Daily News, family members visited the mortuary on Tuesday (June 18) to…

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Singapore 

Family of late Singtel director sues drivers involved in his fatal accident for $1 million, Singapore News

SINGAPORE – The family of Irish expat Donough Andrew Keane, who died after a traffic accident on the Central Expressway in 2015, is seeking compensation of more than $1 million from the two drivers involved. Mr Keane’s brother and administrator of his estate, Mr Colin Joseph Keane, has filed a claim against taxi driver Ko Ngak Phweng and part-time driver Tan Yeow Kim for the loss and damage suffered by his parents. According to court documents that were filed by the plaintiff, Mr Keane was working as a director of…

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