Deputy Editor in Charge, Political and General News, Asia
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Apr 20, 2015

Growing pains: Financial planners hit roadblock in Southeast Asia

SINGAPORE, April 20 (Reuters) – Insurers and financial planners
in Southeast Asia should gear up for the long haul. A poor grasp
of basic concepts such as inflation, a deluge of information and
uncertain economic prospects are hurting the ability of
individuals to plan ahead.

Basic financial knowledge and skills across Southeast Asia -
and the wider Asia-Pacific – fell in 2014, according to the
MasterCard Financial Literacy Index published last week. The
survey of more than 8,000 people last year measured basic money
management as well as knowledge of financial products.

Mar 15, 2015

China’s luxury big spenders: young, trendy and not so rich

SINGAPORE, March 16 (Reuters) – Global luxury brands
expanding in China are better off targeting the HENRYs – “high
earners, not rich yet” – instead of the ultra-wealthy, as a
slowing economy and a government that frowns on official
excesses usher in an era of less showy spending.

HENRYs believe less is more. These younger spenders pride
themselves on their individualism and snub the ostentatiously
branded handbags and accessories loved by the “secretary” types.
Fuelling their shopping habits are social media, multi-brand
retail websites such as Beijing-based ShangPin.com and Italy’s
Yoox, eclectic boutiques, and high-end department
stores like Lane Crawford and Galeries Lafayette.

Mar 4, 2015
via FaithWorld

Singapore gains halal cred, wins top marks from Muslim tourists

Photo

(Devotees break fast on the first day of Ramadan at a mosque in Singapore June 29, 2014. REUTERS/Edgar Su)

Halal has never looked so good for Singapore. A survey ranked the Asian country as the top non-Islamic destination for Muslim tourists, weeks after official data showed overall visitor numbers fell last year for the first time since 2009.

Jan 27, 2015

Best property agent in Singapore and HK this year could be the U.S. Fed

SINGAPORE, Jan 27 (Reuters) – Investors seeking to buy property
in Singapore or Hong Kong this year may be better off listening
to U.S. Federal Reserve Chair Janet Yellen than a real estate
agent.

The Fed is widely expected to raise interest rates sometime
in the second half of 2015 as the U.S. economy improves and
inflation remains benign. As interest rates rise, property
prices in Hong Kong and Singapore may fall by as much as 5
percent this year, according to a report on prime residential
real estate in the region by property consultant Knight Frank.

Apr 29, 2011

Graft, stagnation persist in post-Mubarak Egypt

CAIRO (Reuters) – When President Hosni Mubarak was driven from power in February, millions of Egyptians believed the graft and stagnation that blighted his 30-year rule would go too. Two months later, some people are having second thoughts.

Frustrated by high prices, the scarcity of jobs and endemic corruption, the pro-democracy demonstrators that deposed Mubarak on Feb. 11 had demanded change.

Apr 29, 2011

Analysis: Graft, stagnation persist in post-Mubarak Egypt

CAIRO (Reuters) – When President Hosni Mubarak was driven from power in February, millions of Egyptians believed the graft and stagnation that blighted his 30-year rule would go too. Two months later, some people are having second thoughts.

Frustrated by high prices, the scarcity of jobs and endemic corruption, the pro-democracy demonstrators that deposed Mubarak on February 11 had demanded change.

Apr 27, 2011

Egyptians find their voice after years of repression

CAIRO (Reuters) – For decades, authoritarian rule and police brutality ensured the only voice heard from Egypt was that of its leaders. Since popular protests deposed President Hosni Mubarak, the silent majority has erupted into a cacophony.

Emboldened by the success of their uprising, almost everyone in post-Mubarak Egypt, from Western-educated professionals to illiterate farmhands to once-banned Islamists, has something to say about their nation’s past and future.

Apr 21, 2011

Egypt orders “pharaoh” Mubarak’s name stripped off

CAIRO (Reuters) – Egypt Thursday took another step toward erasing the legacy of deposed president Hosni Mubarak by ordering his name, and that of his family, removed from public institutions across the nation.

Sycophantic officials seeking to curry Mubarak’s favor had resorted to naming everything from streets to schools to military installations and remote, rural clinics after the authoritarian leader many Egyptians call a modern pharaoh.

Apr 18, 2011

Will Egypt’s former ruler Mubarak ever face trial?

CAIRO (Reuters) – An authoritarian leader is forced to resign after protests against his corruption-tainted rule. He is charged with graft and murder, but ill health stalls his interrogation. He dies before he is put on trial.

The fate of Indonesia’s President Suharto, who died 10 years after mass demonstrations swept him from power in 1998, could be a scenario the generals now ruling Egypt are considering for deposed President Hosni Mubarak, 82 and ailing, who still wields considerable clout within the army.

Nov 20, 2010

India PM rejects court corruption probe criticism

NEW DELHI, Nov 20 (Reuters) – Indian Prime Minister
Manmohan Singh, weakened by a corruption scandal involving his
sacked telecoms minister, told the Supreme Court on Saturday
he had done nothing wrong and had followed correct procedures.

In a rare move, the Supreme Court this week reprimanded
Singh for failing to probe ex-telecoms minister Andimuthu Raja
over allegations he had sold licences too cheaply. The court
demanded Singh himself explain what had happened, tarnishing
his squeaky-clean image.

    • About Miral

      "Miral is one of three deputies editors in charge of the political and general news file out of Asia, with an special eye on the dynamic and diverse region of South Asia"
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