Reimagining the $9 trillion tourism economy
New York – Tourism made up 10 percent of global GDP in 2019 and was worth almost $9 trillion,1 making the sector nearly three times larger than agriculture. However, the tourism value chain of suppliers and intermediaries has always been fragmented, with … Continue reading Reimagining the $9 trillion tourism economy
China approves U.S. wealth management company
BEIJING – China has approved a wealth management joint venture between U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB), as China gradually opens up its financial sector to international firms. … Continue reading China approves U.S. wealth management company
PATA announces PATA Gold Awards 2020 winners
BANGKOK – The Pacific Asia Travel Association (PATA) today announced the winners of the PATA Gold Awards 2020. Proudly supported and sponsored by the Macao Government Tourist Office (MGTO) for the last 25 years, this year’s awards recognise the achievements of 23 organisations and individuals. … Continue reading PATA announces PATA Gold Awards 2020 winners
NIH-Moderna COVID-19 vaccine shows promise
Washington – The investigational vaccine known as mRNA-1273 protected mice from infection with SARS-CoV-2, the virus that causes COVID-19, according to research published today in Nature. Scientists at the National Institute of Allergy and Infectious Diseases (NIAID), part of the National … Continue reading NIH-Moderna COVID-19 vaccine shows promise
WHO: 150 nations join global vaccine plan
GENEVA/LONDON – Some 156 nations have joined a global scheme for fair distribution of future vaccines against COVID-19, an alliance led by the World Health Organization (WHO). But superpowers China and the United States did not sign up. U.S. President … Continue reading WHO: 150 nations join global vaccine plan
ESPRIT expecting net loss of 3.9 billion HK$
Hong Kong – Esprit Holdings, the Hong Kong-listed casual fashion brand, is expected to report a net loss of about 3.9 billion Hong Kong dollars ($503 million), according to a profit warning issued last month. Esprit’s troubles began years before … Continue reading ESPRIT expecting net loss of 3.9 billion HK$
15 countries to attend EU-Taiwan investment forum
Taipei/Brussels – The European Economic and Trade Office, the EU’s de facto embassy in Taiwan, will host on Tuesday its first local investment forum as European countries express growing distrust of Beijing and seek to diversify supply chains away from … Continue reading 15 countries to attend EU-Taiwan investment forum
Huawei invites to tech forum in Shanghai
Shanghai – The world’s largest smartphone maker will host the annual Huawei Connect tech forum from Wednesday to Saturday in Shanghai. Chairman Guo Ping will open the gathering with a 15-minute speech, the first executive-level public address since Huawei was … Continue reading Huawei invites to tech forum in Shanghai
Macao opens again for mainland tourists
Macao – Residents of dozens of cities across China will be able to apply for permits for leisure trips to Macao, the biggest step yet in reopening the world’s biggest casino market to tourism. No Asian economy is more dependent … Continue reading Macao opens again for mainland tourists
Asian leaders determined to fight pandemic
TOKYO – Financial leaders from China, Japan, South Korea and Southeast Asia vowed to redouble their efforts to help the region recover economically from the novel coronavirus and to defend a multilateral system of trade and investment. “We will remain … Continue reading Asian leaders determined to fight pandemic