Is trade conflict with China beginning to broaden into something bigger and more long-lasting? It would appear so. Much of the current backlash is a product of the West’s long-standing, but misplaced, fawning and awe over Beijing’s historically unprecedented economic advancement over the past 30 years: the naïve assumption that its growing prosperity would inevitably lead to a more open, politically liberalized country whose interests would more closely align with those of the West. As those expectations have been dashed, so too the backlash has arisen accordingly: Many now view China as both a trade cheat and a mounting global security threat, as it approaches economic parity and strategic rivalry with the West. And China’s leadership appears less well equipped both politically and economically than its Western counterparts to deal with this rising conflict, as it metastasizes into a fully fledged Cold War 2.0. The dailyReport Must-reads from across Asia - … [Read more...] about All of our bets on China have been wrong
Objective retail sales associate
SINGAPORE: When the nationwide roll-out of the Open Electricity Market begins next month, consumers here will stand to enjoy the benefits of a liberalised retail power market with industry experts expecting sizzling competition to fire up price cuts and other promotions. This after a pilot test in Jurong saw retailers trying to outdo each other in similar fashion over the past five months. Simply put, the expansion of the Open Electricity Market, to be done in batches from Nov 1 to May 1, means that households and small businesses will no longer have to buy power solely from SP Group at the quarterly-reviewed regulated tariff. Much like getting mobile phone plans, they will be able to sieve through price plans offered by as many as 12 approved retailers. As part of a pilot programme that started in April, 120,000 consumers in Jurong were the first to enjoy this flexibility. To entice those shopping for electricity for the first time, 13 retailers doled out a buffet … [Read more...] about Full opening of electricity market in Singapore to fire up competition: What will retailers do?
OUR Minister of Housing and Local Government Datuk Zuraida Kamaruddin and Penang Chief Minister Chow Kon Yeow's proposal to ban single-use plastic packaging for environmental reasons is a welcome move. We have seen both within Malaysia and abroad that voluntary plastic bag reduction campaigns have not worked. Trying to engender voluntary change often means investing a lot of money into public education and outreach efforts for very low success rates. Statistics have shown that awareness does not always translate into a shift in consumer behaviour, even in developed nations such as the US and Australia. For plastic waste reduction strategies to work, public education campaigns must be held together with plastic packaging bans. Behavioural change will take place only when a binding policy with a system of penalties and enforcement is in place. It must be pointed out, however, that a nationwide ban on single-use plastic packaging can only begin to register positive results if the ban is … [Read more...] about Make ban on single-use plastics work
By Kim Bhasin Bloomberg Fri., May 4, 2018 Reed Krakoff, the designer who catapulted Coach to fashion prominence, and made it a $5 billion handbag Goliath, has officially traded in his leather for diamonds. Hired by Tiffany & Co. last year as chief artistic director, he was brought in to overhaul the iconic jewelry brand’s design, attract younger shoppers and reverse an extended sales slump. On Tuesday, Krakoff released his debut collection, dubbed Paper Flowers, a line that serves as a vital piece of Tiffany’s strategy to introduce more items, more often. By shaking things up and keeping product lines fresh, the jeweller’s executives hope to inject some excitement into a dusty brand in serious need of a revamp. Chief executive officer Alessandro Bogliolo, a former executive at Italian luxury jeweller Bulgari, took over Tiffany last year. In March, he outlined his plan to revitalize the company by tweaking marketing and dramatically altering its … [Read more...] about Tiffany & Co.’s new talent hopes to rebrand and bring the company out of its sales slump
By Michele Lerner The Washington Post Fri., March 9, 2018 DAYTONA BEACH, Fla.—For Don and Susan Veatch, Margaritaville is more than just a state of mind. Acting like “Parrotheads” — the chilled-out, Hawaiian-shirt-wearing fan nation equivalent to Deadheads — the couple, 62 and 60, respectively, had camped out so they could be first in line for the object of their devotion, singer-songwriter Jimmy Buffett. But they weren’t queuing up for concert tickets or his latest CD. They were waiting for sales to open at the Buffett-branded Latitude Margaritaville development here for people 55 and older. “It was like a big party, with a band playing and free pizza for everyone in line,” Susan Veatch said. In this pastel paradise, Key West-inspired houses are being built along streets linked to lyrics of Buffett’s 1977 hit “Margaritaville.” Article Continued Below Read more: Jimmy Buffett inspires … [Read more...] about Jimmy Buffet fans can soon live in paradise at Latitude Margaritaville