Singapore 

Singapore Girl: The result of the world’s most intense cabin crew training, Singapore News

A quick glance around Changi Airport and you’ll find flight attendants aplenty. Yet, none are quite as impressionable and timeless as our very own Singapore Girl. Looking as immaculate as ever dressed in the iconic sarong kebaya, the Singapore Girl has become part and parcel of Singapore Airlines (SIA) — an iconic symbol of Asian hospitality. Their bonafide services are widely recognised, garnering a multitude of international awards. Yet what exactly goes into maintaining this perfect standard? A video uploaded by Channel 4 documentary titled “Does Singapore Airlines Have the Most Intense Cabin Crew…

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Shenzhen in world’s top 10 financial centres for first time since 2010 while Hong Kong stays in third place just behind London

Shenzhen jumped higher in the latest ranking of the world’s financial centres, while Hong Kong moved closer to overtaking London as number two globally, according to a semi-annual survey by the China Development Institute and the London think tank Z/Yen Partners.New York retained the top spot in this year’s Global Financial Centres Index, extending its lead over London by 17 points. Hong Kong remained in third place, but was just two points behind London as concerns mount over the economic… Source link

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China 

China’s diners must pay more for their favourite meat or forego pork at mid-autumn as swine fever cuts a swathe through world’s largest hog market

As mid-autumn celebrations get under way, dining tables across China will be paying more for their favourite pork dish, or looking to substitutes, as the country’s biggest outbreak of a hog disease decimated the meat’s supply and cause prices to soar.The price of pork – steamed, fried, barbecued, boiled, stewed and cooked in a myriad of ways – jumped 46.7 per cent in August compared with last year, as the African swine fever sent China’s favourite meat into a severe shortage. The price of pork,… Source link

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With Prada out, can Hong Kong’s Russell Street outshine Fifth Avenue or Champs-Élysées as the world’s costliest retail strip?

Landlords in Hong Kong’s Russell Street, the most expensive shopping address on the planet, are likely to slash rents after fashion house Prada declared it would not renew the lease on its flagship store next year, according to market observers.Prada’s landlord has offered to cut the rent for its next tenant at Plaza 2000 on Russell Street, by a staggering 44 per cent as luxury vendors come under increasing pressure from a marked slowdown in sales.Analysts expect other landlords to follow suit,… Source link

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China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market

China’s government has scrapped a foreign investments quota in its equities, giving international investors unfettered access to the world’s second-largest capital market, in another move in the country’s economic liberalisation.The investment quota limits under the Qualified Foreign Institutional Investors (QFII) scheme and the Renminbi Qualified Foreign Institutional Investor (RQFII) programme will be removed, according to a statement by the currency regulator. QFII, set up in 2002, lets… Source link

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China 

Upside in the world’s top-performing stock index puts it on path to break this year’s high as China turns on the liquidity taps

Stocks in the world’s best-performing market of the past month have more room to gain, as China’s monetary authorities turn on the tap to inject more liquidity into the economy and financial system, according to a forecast by the country’s largest public traded broker.The Shanghai Composite Index may rise by at least another 9 per cent from Friday’s close of 2,999.60, which would put it in the position to surpass the year’s record set in April, according to Citic Securities’ analysts led by Qin… Source link

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US-China trade deal could come as world’s two biggest economies slow, T. Rowe Price says

Slowing growth in the United States and China are likely to push the world’s two biggest economies to reach a deal on trade in the coming months, but tensions are likely to linger as there are “much deeper” issues between the two countries, according to T. Rowe Price economist Nikolaj Schmidt.For the moment, Schmidt said that he does not expect the trade situation to escalate further between the US and China, particularly as the US election cycle moves closer and the US and global economy are… Source link

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Macau junket king places a bet on Japan as slowdown in world’s gambling hub pushes Suncity to look elsewhere for growth

Suncity Group Holdings Limited, the listed arm of Macau’s biggest VIP junket operator Suncity Group, has agreed to pay US$47 million for 51 per cent of a 27-acre parcel of land on Miyako Island in the Okinawa Island chain, according to a recent filing made with the Hong Kong Exchange.Suncity, widely estimated to control half of the total VIP gaming industry in the world’s gambling hub, has been aggressively snapping up casinos around Asia to diversify its income source, as it’s been squeezed by… Source link

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Singapore 

World’s first flying taxi vertiport set to make landing in Marina Bay come October, Digital, Singapore News

Flying cars ain’t here just yet (despite pop-cultural assurances made by The Jetsons and Blade Runner), but Singapore will soon get the next best thing: hovering, flying, electric taxis. The world’s first vertiport (a portmanteau of “vertical” and “airport”) for electric vertical take-off and landing vehicles (eVTOLs) is set to open on Oct 21, and will be located in Marina Bay. But don’t think that we’re all flying to and fro Marina Bay and Queenstown for lunch just yet. The upcoming vertiport will be used for live flight trials for on-demand…

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Cosco Shipping’s rising container volumes put it on course to overtake Hutchison Ports as world’s No 2 ports operator

Hong Kong-based Cosco Shipping Ports, a division of China’s state-owned shipping giant Cosco, is set to overtake city rival Hutchison Ports as the world’s second-biggest port operator as soon as this year, according to ports and shipping analytics firm Drewry.In a report last month, Drewry noted that Cosco Shipping Ports had grown its throughput by 32.2 per cent to 46.1 million twenty-foot equivalent units (TEU) in 2018 from a year earlier, just short of CK Hutchison Holdings-owned Hutchison… Source link

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