Green summer in Hong Kong The Star | THIDARAT Liamsomboon was just 15 when she began to develop an interest in cosmetics. At 16, she started signing up for different make-up courses offered by established cosmetic companies, hoping to pick up some techniques to achieve that celebrity look on fashion covers that girls couldn't stop ta...
Luxury deals drive home sales up Hong Kong Standard Residential property transactions last month saw a whopping 92 percent jump in value over May to HK$50.4 billion, driven by two luxury projects. | //--> Alfred Liu | Friday, July 04, 2008 | Residential property transactions last month saw a whopping 92 percent jump in value over May to HK$50.4 billi...
First Pacific has no plans of divesting in PLDT - MVP The Philippine Star | Hong Kong-based industrial First Pacific Co. has no plans of divesting its controlling stake in telecommunications giant Philippine Long Distance Telephone Co. (PLDT), as it emphasized the strategic role of its investments in the Philippine telecommunications sector play in its overall business st...
Purchasing power blown away Asia Times | By The Mogambo Guru | Agora Financial's 5-Minute Forecast reports that "in terms of major stock indexes around the world ... there are few places to hide. The Euro Stoxx 50, a gauge of the big indexes in the eurozone, is down 24% this year. Germany...
JB Group paves way for Indian BPOs in China The Times Of India | NEW DELHI: In a path-breaking move, Hong Kong-based globally diversified $3 billion JB Group is paving the way for Indian BPOs to set up shop in China to leverage the IT strengths of the ...
Running away from themselves Asia Times | By Muhammad Cohen | HONG KONG - Presidential campaigns are about changing minds. It seems to be working for both major parties' apparent nominees. In recent weeks, Republican Senator John McCain and Democrat Senator Barack Obama have changed their ...
From the bad to the really sinister Asia Times | By The Mogambo Guru | The first half of the year is over, and now all those brokerage accounts and retirement accounts will be sending out statements to hapless account holders, and it is bad news in spades. This is why (I assume) the Plunge Protec...
Froth comes off latte economy Asia Times | Commentary and market watch by Doug Noland | The announcement that Starbucks plans to close 600 stores and fire 12,000 employees is emblematic of the major restructuring that lies ahead for the deeply maladjusted US bubble economy. Throughout the r...
China Oilfield to buy Awilco for US$2.5bil The Star | HONG KONG: China's largest offshore oil services group has agreed to buy Norwegian peer Awilco Offshore for around US$2.5bil to increase its drilling capacity and tap overseas markets. | China Oilfield Services Ltd, an arm of China's top offshore o...
Singapore's NOL replaces CEO amid Hapag bid talk The Guardian (Updates with Lehman note to clients) By Daryl Loo and Saeed Azhar SINGAPORE, July 7 (Reuters) - Singapore shipping firm Neptune Orient Lines (NOL) changed its leadership on Monday, an unexpected move ahead of a possible $7 billion bid for Hapag Lloy...
China Oilfield to buy Awilco for $2.5 bn The Times Of India | HONG KONG: China's largest offshore oil services group on Monday agreed to buy Norwegian peer Awilco Offshore for around $2.5 bn to increase its drilling capacity and tap overseas markets...
A tale of two downturns Asia Times | By Martin Hutchinson | British observers have in the past year indulged in a considerable amount of schadenfreude about the US subprime crisis, the excessively expansionary monetary policy of US Federal Reserve chairman Ben Bernanke and the substantial recession that appears impending. They should be less eager to gloat; the recession into which ...
Airline price-fixing case sheds light on industry: Analysts The Times Of India | SINGAPORE: Last month's agreement by Cathay Pacific and three other airlines to plead guilty and pay more than half a billion dollars in criminal fines has shed light on industry price-fixing, analysts say. | They say an industry culture that accepted the practice has allowed it to endu...
Asia's angry monk syndrome Asia Times | By Megawati Wijaya | SINGAPORE - From Sri Lanka to South Korea, from Tibet to Myanmar, Asia's Buddhist clergy are in unprecedented numbers exerting their moral authority onto politics, abandoning their detachment from worldly events and giving rise to what at least one academic has referred to as a region-wide "angry monk syndrome". | Agitated as...
