Monday, 27 June 2011
‘Ultimate’ city for investors
Los Angeles is attracting bargain-hunting Hong Kong and mainland buyers who are capitalising on low prices.
Malaysia to implement minimum wage policy soon
Malaysia will hopefully implement minimum wage policy by the end of this year.
Quiet China giant embodies technology aspirations
China’s quietest multibillion-dollar Chinese success story began when a former soldier founded a company in the 1980s to sell imported phone switches.
Singapore girls are materialistic: SMU study
A new research has shown that Singaporean women are “significantly” more materialistic than their American peers. Published earlier this year, the study by Singapore Management University (SMU) psychology professor Norman Li surveyed about 400 psychology students aged between 19 and 21.
China audits local government finances
China released a comprehensive assessment of the debts of its local governments on Monday and barred those entities from borrowing any further, taking its first major step to reduce the risk of default and instability in the world’s second-largest economy.
Kung fu panda too American for some
Beijing artist buys newspaper ads urging film-goers to steer clear of animation blockbuster, saying it twists Chinese culture and brainwashes its youth
Phone scam bust is fruit of crime pact
A two-year-old cross-strait agreement allowed police from Taipei and Beijing to work together to break up ring defrauding mainlanders out of millions of yuan
Art auctions ‘marred by fakes, cheats’
As prices soar for Chinese artworks, the auction system is linked to fake certificates, artificial prices and a myriad of other irregularities
China shops for oil, food, minerals in Latin America
Beijing lends and invests tens of billions of dollars in countries in return for a flow of commodities
Chinese buyers shopping for prime NY sites
Falling commercial property prices bring out mainland investors hoping for eventual rebound
Hong Kong takes to the bottle
Tax abolition created 850 firms and 5,000 jobs in 2 years, and wine business is now worth HK$5.5b
Still no sign of a consumer boom
As the world looks to Chinese shoppers to help boost the global economy, consumer spending as a proportion of GDP continues to decline
Zengcheng offers cash, residency to informers
Guangdong City wants local migrant workers to provide information on those who took part in riots, but observers say the tactic won’t work
Executives lose millions buying fake degrees
One alerted police after her PhD certificate failed authenticity test, despite 50,000 yuan verification fee
Efforts to quell China unrest a vicious circle
Many have a stake in ensuring social stability, and seek to protect and expand their share
British bribery law’s global reach is a challenge to Chinese sovereignty
China should protest against the act’s global reach
By the book
A clarification from Beijing about its claim in the South China Sea could help resolve the disputes with the Philippines and Vietnam, without compromising its sovereignty
Jakarta to stop sending maids to Saudi Arabia after beheading
Indonesia will stop sending maids to Saudi Arabia from Aug 1, and a joint taskforce will be set up by Jakarta to discuss how best to protect these workers, a top official of the Transmigration Ministry said yesterday.
Over 4,000 workers on strike in South China
Thousands of workers at a South Korean-owned factory in China’s industrial heartland have gone on strike to demand better pay and working conditions, a report said Thursday.
Police clear the air on handling WW2 relics
They will help even if items are found on private property, says director of ops
Reforms can’t wait as an inevitable slowdown of the Chinese economy looms
The prospect of leaner times means the government must act now to ease social pressures and protect people’s access to education, jobs and opportunities
All should be willing to accept UN’s say on Spratly
Tensions over the South China Sea territorial disputes continue to escalate with the holding of military exercises by virtually all parties concerned.
Sunday, 26 June 2011
Why dodgy firms go West
Hong Kong isn’t immune to company fraud, but proximity, a shared language and closer vetting means the market is more likely to smell a rat
Friday, 24 June 2011
China accounting scandals put Big Four auditors on red alert
The string of accounting problems and stock plunges at publicly traded Chinese groups has sparked deep concerns across the world’s biggest audit firms, putting the so-called Big Four on alert from worries that their reputation could be brought down along with a growing list of stricken companies.
Malaysian schoolgirl rakes in $10k by selling body
A secondary school student in Malaysia made 30,000 ringgit (US$9,955) during the year-end school break last year by selling her own body, Malaysian newspaper China Press reported.
Thursday, 23 June 2011
‘We can’t contain our anger any longer’
4,000 workers making handbags for brands such as Burberry and DKNY go on strike for pay rises and an end to harsh treatment from their Korean bosses
Asia’s wealthy population overtakes Europe
Booming Asia had more millionaires than Europe for the first time last year and is fast closing in on North America for the top spot, a report released Thursday said.
Tuesday, 21 June 2011
China’s Boom Beginning to Show Cracks
New economic analyses of China provide further indication that the nation’s supercharged economy is beginning to slow, and warn that soaring inflation, rising labour costs and mounting local government debt threaten to weaken growth even more.
Chinese dairy standards ‘lowest in the world’
China’s dairy industry has the lowest quality standards in the world and much of the blame is down to the large companies that dominate it and the rock-bottom prices they pay farmers for raw milk, say industry experts.
Monday, 20 June 2011
Spilling over
The recent spate of violent protests across the mainland suggests that Beijing’s effort to keep a lid on social frustrations is failing. Instead, it must rethink its focus on economic growth and repression.
Sunday, 19 June 2011
Indonesian branch of Obedient Wives Club opens
A new club in Indonesia that encourages women to be totally obedient to their husbands and focus on keeping them sexually satisfied has generated an outcry from some activists.
Saturday, 18 June 2011
Tighter controls double price of some rare earths
Beijing’s plans to centralise control of mining assets and restrict overseas sales souring ties with clients
Vietnam’s lure hurt by strikes
Foreign companies drawn by cheap labour to open factories in the country are going elsewhere as inflation forces workers to demand higher pay
Wine investors see red
A week after news of a police probe into an alleged investment scam involving Premium Liquid Assets’ (PLA) Hong Kong office hit the headlines in the territory, Singapore investors of the locally-incorporated wine investment company are also searching for answers about their investments.
Friday, 17 June 2011
Corrupt Chinese officials flee with US$120b
Corrupt Chinese officials siphoned more than US$120 billion out of the country in less than two decades, the central bank has said in a study highlighting the widespread scourge of government graft.
Asia Housing Boom Stalls as Tightening Puts Brake on Prices
From Mumbai to Melbourne, Asia’s property boom is stalling as the world’s highest interest rates and government efforts to curb prices take hold.
Thursday, 16 June 2011
Wife had affair with ex-student, claims man
She denies this and tells divorce hearing that he physically abused her
Party drug use rises in China
More Chinese people younger than 35 years old, including white-collar workers and university students, have been taking synthetic drugs in Shanghai, according to the latest statistics from the Shanghai Narcotics Control Commission.
Wednesday, 15 June 2011
China Property Sector Faces ‘Deepening Correction’: S&P
Standard & Poor’s believes a “deepening correction” is looming over China’s red-hot real estate market, with prices set to fall 10 to 30 percent over the next 12 months.
Tuesday, 14 June 2011
Can the US stay on top?
Prospect of US economic decline presents a growing challenge for American business leaders and politicians
Internet users set up site to report bribery
Anti-graft website reports on money paid to teachers, doctors and businessman
Sorry, we’re full. Luxury brands find China taken
No more prime sites left that fit high-end retailers’ exacting standards, say property consultants
Monday, 13 June 2011
Sunday, 12 June 2011
Foreign workers in Singapore 'bear the brunt'
The presence of so many foreign workers in a densely populated city-state has become a hot issue in Singapore and the debate reached a crescendo in the campaign for last month's general elections, raising fears of more abuse.
Stemming the tide of workers in Singapore
A likely verdict of the immigration backlash by Singaporean voters is being felt by foreign workers half a world away -- foreign hopefuls ranging from middle-aged professionals to fresh-faced graduates, from technicians and waitresses to construction workers, seeking to land a well-paying job here.
Friday, 10 June 2011
Chinese grads leaving big cities looking for lower living costs
More than 22 percent of college graduates in China choose to leave Beijing, Shanghai and Guangzhou after three years of toiling in those megacities, where the opportunities are becoming scarcer.
Property price surge ‘cannot go on forever’
Khaw Boon Wan addresses issue close to heart of Singaporeans as H2 land sales programme is released
Thursday, 9 June 2011
Wednesday, 8 June 2011
Leftover women in Hong Kong to look for Mr. Right in mainland China
“剩女” Shengnv (Leftover Women is now a buzzword in China to refer single or unmarried women over the age of 25. There are many different hierarchies of the left-over women. Single women between 25-30 are called “剩斗士” sheng dou shi (Left-over fighters), as women in this age range still have the energy and hope to find true love. Between 30-35, they are called “必剩客” bi sheng ke(pronounced the same as Pizzahut in Chinese, means literally “must win”), suggesting their chances of getting married are pretty small. For those above 35 years old, they are the “齐天大剩” qi tian da sheng (Leftover Kings, pronounced the same as the Monkey King in Chinese literally means heavenly leftover), because they have been viewed by many.
Russia Says IMF Chief Jailed For Discovering All US Gold Is Gone
A new report prepared for Prime Minister Putin by the Federal Security Service (FSB) says that former International Monetary Fund (IMF) Chief Dominique Strauss-Kahn was charged and jailed in the US for sex crimes on May 14th after his discovery that all of the gold held in the United States Bullion Depository located at Fort Knox was ‘missing and/or unaccounted’ for.
Read full article
300,000 yuan a square metre? That’s too rich
The owner of Beijing’s No 7 Diaoyutai, branded “the most expensive home in China”, has been ordered to suspend sales of its remaining apartments and submit to official investigation.
Monday, 6 June 2011
Hong Kong House Prices May Fall 30% on Rates, Barclays Says
Hong Kong home prices are likely to fall as much as 30 percent as banks increase mortgage rates, according to Barclays Capital Asia Ltd.
China: One nation, many bubbles
Home prices have been driven skyward by cheap money, middle class and city dwellers, but they need to come down
China’s maturing aerospace industry
Beijing has come a long way since building its first plane in the 1960s
Price war looms for shipyards on the mainland
Chinese shipyards could find it more difficult to compete against South Korea and Japanese on price alone if the yuan continues to appreciate against the US dollar, according to a leading ship financier.
China attack on US ‘human rights’ is just a red herring
It has become a ritual that, each year, after the US State Department publishes its report on human rights practices around the world, China responds by issuing a human rights report on the United States. This year was no different.
Chinese turn copper into property gold
Stanchart raises concern over businesses’ use of commodities to secure loans
U.S. regret for 1882 Chinese Exclusion Act
US lawmakers launched a drive on Thursday for Congress to make an official statement of regret for the 1882 Chinese Exclusion Act, which restricted immigration along racial lines for decades.
Modesty’s value differs East to West
Research on students from China and the US suggests cultural norms colour our attitude on self-effacement
Coaching and Much More for Chinese Students Looking to U.S.
In December 2009, a rejection letter from Columbia University found its way to the southern Chinese city of Shenzhen. It was addressed to Lu Jingyu, a top student and member of her school’s student government. As she read the disheartening words, Ms. Lu immediately began to panic. Where had she gone wrong? How could she fix this?
What is happening to Malaysia’s durians?
I am getting a bit worried about the fate of the King of Fruits in Malaysia. Imagine, if only a fraction of the 1.3 billion people in China decide that they prefer durians over mandarin oranges, will there be any left over for us back home?
China developers to write down asset values
Falling land prices may prompt Chinese property developers to write down the value of their assets, forcing a sober reassessment for those with vast land holdings, according to a survey released Monday by Credit Suisse.
Rampant fake news in mainland China the flip side of authorities’ tight media control
Zhang Xiaomao cites the lack of press freedom on the mainland as the cause
5,000 Families Break Up in China Everyday
The divorce rate in China has increased for 7 consecutive years! According to statistics from China’s civil administration, more than 460,000 couples registered for divorce between January and March this year, increased by 17.1% compared to last year’s statistics, meaning that 5,000 couples get divorced everyday on average.
Sunday, 5 June 2011
Saturday, 4 June 2011
Malaysian women urge wives to be ‘whores in bed’
“You must satisfy your husband. A good wife should be a whore in bed,” said 46-year-old doctor, whose husband has three other wives.
Friday, 3 June 2011
Malaysian women launch ‘The Obedient Wife Club’
Maznah Taufik said “The Obedient Wife Club” being launched Saturday is aimed at drawing women who will be taught how to please their husbands better to prevent them from straying or misbehaving.
Thursday, 2 June 2011
Wednesday, 1 June 2011
Falling prices for wineries lure investors
The dream of producing their own wine makes buying in a prestigious region attractive to investors, including many from China
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