China 

India plans to offer tax breaks to companies moving away from China as trade war forces the world to rethink supply chains

India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said.Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, asking not to be identified as the discussion is still private. Industries identified for incentives include electronics, consumer appliances, electric vehicles, footwear and toys,… Source link

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Home 

As global growth slows, the world needs a new Marshall Plan, not lower interest rates

Workers at Dazhou railway station in Sichuan province, China, inspect tracks, which serve as part of the Belt and Road Initiative freight rail route linking Chongqing in China to Duisburg in Germany, on March 14. China’s belt and road is a step in the right direction as it invests in infrastructure to boost regional growth. Photo: Reuters Source link

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Home 

When it comes to airports and baggage handling, Asia is miles ahead of the rest of the world

Of all the pain points along the stress chain that some people call an air journey, perhaps the worst is that awful, lonely moment in front of an empty baggage carousel when you have a sinking feeling that your suitcase hasn’t arrived.Just at the most exhausting point in the journey, with the unfriendly prospects still ahead of immigration harassment and a long wearisome train or taxi ride through an unfamiliar city to a bland hotel, a black hole opens and swallows you whole. There will be no… Source link

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Singapore 

Singapore has 6 of 11 ‘super penthouses’ now on sale in the world: List Sotheby’s, Business, Singapore News

SINGAPORE – Of the 11 super penthouses around the world now on the market, six are in Singapore, based on listings from 2016 to April 2019, List Sotheby’s International Realty (List SIR) said on Wednesday (June 19). The biggest of these “super penthouses” in Singapore is in Wallich Residence, with a floor area of 21,108 sq ft and a building height of 950 ft. Spanning levels 62 to 64, the property has five bedrooms, a family room, a viewing deck, a private garden, a 12m pool, a cabana, a jacuzzi,…

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Home 

Singapore Airlines slips to second best, Cathay Pacific up to fourth in Skytrax World Airline Awards

What’s the world’s best airline? According to the 2019 Skytrax World Airline Awards, revealed at the Paris Air Show on Tuesday, it’s Qatar Airways. This is the fifth time the state-owned flag carrier of Qatar has earned top spot in the prestigious awards. Last year’s winner, Singapore Airlines, slipped to second. AirAsia was named World’s Best Low-Cost Airline.In an almost flawless night for Qatar Airways, the Middle Eastern carrier also scooped the awards for World’s Best Business Class, World… Source link

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Home 

Titanic iceberg of world debt could sink a slowing global economy

In the same way that Wall Street and other markets have blithely shrugged off the threat of an all-out trade conflagration, they have paid little heed to the mountain of global debt. Yet alarm is spreading among officials and economists. Beyond the concern on absolute debt levels, the fear is that much lending may be unrecorded, suggesting an iceberg of debt more menacing than initially appears, especially where it is sold in securitised forms. Debt crises have crept up on an unheeding world… Source link

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Vietnam 

World Bank offers new credit to develop urban centres – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning.— Photo ndh.vn WASHINGTON — The World Bank (WB) Board of Executive Directors yesterday approved a US$194.36 million credit plan to help four secondary cities in Việt Nam build critically-needed municipal infrastructure and strengthen urban planning. The Dynamic Cities Integrated Development Project aims to increase access to improved urban services in Kỳ Anh in Hà Tĩnh Province, Tĩnh Gia in Thanh Hóa…

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Singapore 

16 things that are more expensive in Singapore than other first world countries, Lifestyle, Singapore News

Recently, some genius on r/Singapore posted a chilling question: “What are Singaporeans paying way too much for?” and the answers have been absolutely fascinating. The Reddit thread was full of the usual gripes, of course – like cars, houses, minister salaries – but what I found really interesting were the everyday things that are more expensive in Singapore than they are in other (perceived) expensive, first world countries. Most gave examples from their own experiences living abroad, so naturally I had to stop what I was doing to fact-check them…

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Home 

More than a year after China’s ban on waste imports, the world is still learning to clean up after itself

Almost two years after China’s shock announcement at the World Trade Organisation headquarters in Geneva that, as part of its “National Sword” policy, it would from the start of 2018 no longer be the world’s lap sap haven (lap sap means rubbish in Cantonese), the world of waste continues to roil. I use the word carefully, because roil can mean to make water muddy or turbid, or it can simply mean to annoy or upset everyone. At the time, China did both.I always used to muse over China’s role,… Source link

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Global 

G20 overshadowed by gloomy mood as world economy turns to central banks to address red warning signs

Central banks are resuming their first-responder role as the world economy runs into trouble even if they lack the firepower they once had at their disposal.With Australia cutting interest rates on Tuesday for the first time in three years and India likely to follow on Thursday, monetary policymakers are again seeking to shore up weak growth and inflation.US Federal Reserve chairman Jerome Powell signalled an openness to loosening if necessary, and European Central Bank officials are poised on… Source link

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