A press release on Friday said that through the partnership, GSB will help ensure better funding for hospitality entrepreneurs by providing flexible-interest rate loans and instalment plans. Airbnb will work with GSB to help build capacity through hospitality and hosting training while connecting homestay owners to its worldwide platform and marketplace network of over 500 million guests. Dr. Chatchai Payuhanaveechai, GSB President and CEO, and Mike Orgill, Airbnb General Manager for Southeast Asia, Hong Kong and Taiwan, jointly launched the partnership on Friday. As part of the launch pilot, Airbnb and GSB trained GSB officials and 29 local homestay groups, including the participants of GSB’s ‘Smart Homestay 2018 Competition’, which recognised outstanding homestays in different provinces across Thailand. The partnership will support local sustainable tourism while diversifying income distribution to communities across Thailand, in alignment with … [Read more...] about Airbnb and GSB launch partnership to support local homestays
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Calls for Airbnb users to shut accounts over Israeli settlements
RAMALLAH: Campaigners called on supporters of the Palestinian cause to at least temporarily deactivate their Airbnb accounts on Wednesday (May 15) to protest its listings in settlements in the occupied West Bank.After Israeli pressure, the company last month reversed course and scrapped plans to ban homes in settlements from listing on the site.The decision has led to fresh anger from groups opposed to the settlements, which are considered illegal under international law.A range of organisations including Jewish Voice for Peace and the Palestine Institute for Public Diplomacy have backed a call for an at least temporary deactivation, with organisers saying thousands had pledged to do so."Ultimately we would like Airbnb to reverse its decision but we know that won't be easy," Salem Barahmeh, executive director of PIPD, told AFP."But I think what we ultimately want to do is end this culture of impunity where international companies are allowed to be complicit in supporting war crimes and … [Read more...] about Calls for Airbnb users to shut accounts over Israeli settlements
Walmart mulls stock market listing for UK arm Asda
Business Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month. 15 May 2019 08:00AM Bookmark LONDON: Walmart, the world's biggest retailer, said it is considering a stock market listing for its British supermarket arm Asda, whose attempt to combine with rival Sainsbury's was blocked by the UK regulator last month.Judith McKenna, the Walmart International CEO, told Asda managers at an event in Leeds, northern England, on Tuesday: "While we are not rushing into anything, I want you to know that we are seriously considering a path to an IPO - a public listing - to strengthen your long-term success."But she cautioned that any preparations for an IPO would "take years", according to comments released by Asda afterwards.Britain's competition regulator ruled Sainsbury's 7.3 billion pound (US$9.4 billion) takeover of Asda … [Read more...] about Walmart mulls stock market listing for UK arm Asda
NEDA lists priority bills for 18th Congress
NEDA lists priority bills for 18th Congress Czeriza Valencia (The Philippine Star) - May 13, 2019 - 12:00am MANILA, Philippines — As the country elects new lawmakers today, the National Economic and Development Authority (NEDA) has identified several priority measures to be proposed for inclusion in the legislative agenda. Socioeconomic Planning Secretary Ernesto Pernia said among the pieces of legislation the economic team wants taken up in the Legislative-Executive Development Advisory Council (LEDAC) with the 18th Congress are the creation of an apex body for water regulation, liberalization of the sugar industry, and exemption of line-itemized government projects from the election spending ban. Also in the priority list is the passage of amendments to the Services Act that will pave the way for the liberalization of investments in utilities as the current law prohibits majority ownership by foreign entities in public … [Read more...] about NEDA lists priority bills for 18th Congress
Genting tops CEO remuneration list
KUALA LUMPUR: The top three companies with the highest paid CEOs were Genting Bhd, Genting Malaysia Bhd and Sapura Energy Bhd, according to the Securities Commission’s (SC) Corporate Governance Monitor 2019. Among the top 100 listed companies, the highest CEO remuneration was RM168 million (Genting) and the highest CEO remuneration among government-linked companies was RM33.9 million (IHH Healthcare Bhd). The median CEO remuneration ranges from RM1 million to RM7.98 million across 13 sectors. The top three sectors with the highest median CEO remuneration were telecommunications and media followed by financial services and utilities sector. REITs recorded the lowest median for CEO remuneration. The consumer products and services sector had the highest number of companies on the top 10 listed companies with the highest paid CEOs. The companies were Genting, Genting Malaysia and AirAsia Bhd. A total of 10 out of the top 20 listed companies with the highest paid CEOs were … [Read more...] about Genting tops CEO remuneration list