SINGAPORE: During Chinese New Year last year, retiree Kenneth Tang wanted to visit his sister-in-law at her home in Upper Bukit Timah, in a relatively secluded area he was unfamiliar with.Instead of getting driving directions with a few taps of his smartphone, the 64-year-old sat in his living room, put on his reading glasses and studied the route on the pages of his 2018 street directory.“I think GPS is more convenient and better in many ways, but I use road directories because I can have a better idea of how to get to the place I am going to,” he told CNA.Mr Tang said the directory allows for more flexible alternative route planning in the event of congestion, and gives a clearer picture of nearby car parks – crucial for peak times when every lot has been snapped up.“I use road directories also because I have been using it for years, long before GPS was available,” he added. “My friends and I who are from the older generation have been … [Read more...] about In the age of online maps, who needs street directories anymore?
Real estate how to get clients
By Marco Chown Oved Investigative Reporter Robert Cribb Investigative Reporter Mon., March 25, 2019 Almost three years after Canada’s money laundering watchdog refused to release the name of a bank fined $1.1 million for failing to report hundreds of suspicious transactions, the federal government is changing the law to require the identity of those who break money-laundering law be made public. And it is investing $163 million over the next five years to crack down on financial crime and fraud. The changes to the proceeds of crime, money laundering and terrorist financing act were detailed in last week’s federal budget. They will eliminate the kind of discretion used by FINTRAC director Gérald Cossette to keep Manulife Bank of Canada’s name out of the headlines back in 2016. At the time, FINTRAC announced only that a bank had been fined $1.1 million, but would not say which bank or what it did to merit the fine. “The … [Read more...] about Violators of money laundering law will be named publicly
BEYLIKDUZU, Turkey: When Afghan businessman Haji Yakup Burhan fled the violence of his home country 30 years ago, he brought with him his family - and all his money.He headed to Saudi Arabia, where he opened a restaurant but, as refugees, his children had difficulty getting into a school. Then he moved to the United Arab Emirates, but Dubai's costs seemed impossible.So, two years ago, he moved to Turkey and opened a restaurant in Istanbul's Esenyurt neighbourhood, taking advantage of the country?s relatively open business environment for refugees."I have 15 people working for me in this restaurant. They are Afghans, Iranians and Turks."I have invested about US$120,000 (€107,000) in this restaurant so far," Burhan, 52, told AFP at his Afghan Kebab establishment."Over 60 per cent of our customers are Afghans living here. The rest are Arabs, Iranians and Turks," he said.Afghan refugee entrepreneurs appear to be increasingly finding success in Turkey, where they bring to the … [Read more...] about Afghan refugee entrepreneurs thrive in Turkey
NEW YORK: WeWork's US$47 billion valuation as it heads toward what may be the year's largest initial public offering after ride-hailing firm Uber has made the flexible office space start-up the envy of landlords and the target of skeptics at a time when rents have barely kept pace with inflation.To commercial real estate's old guard, many of whose stock prices have gone sideways or worse for half a decade, WeWork - the main unit of recently renamed The We Company - is a disruptor leading the charge toward the shrinking of workspace with a business model unhindered by property ownership.To its doubters, WeWork is another unprofitable unicorn they question has the ability to flourish in anything other than a hot economy.It's a debate that will gather steam in the months ahead should The We Company follow through with an IPO after filing the preliminary paperwork last week. Should it take that step by year end, it would likely be the largest IPO in 2019 after Uber Technologies … [Read more...] about WeWork’s starry valuation dazzles landlords, reaffirms doubters
By Nicole Friedman WSJ Erik Holm WSJ Thu., May 2, 2019 Warren Buffett has always known how to make a buck. As the annual meeting for his Berkshire Hathaway Inc. has grown in popularity over the years, Mr. Buffett and his staff have gone to greater and greater lengths to make sure attendees have plenty to spend their money on. For more than a decade, the meeting has been held at a massive arena in downtown Omaha, Neb., big enough to accommodate the tens of thousands who now make the pilgrimage to the event, often called “Woodstock for Capitalists.” The arena is adjoined by a 194,300-square-foot exhibit hall, and on Berkshire weekend, it is filled with products from dozens of Berkshire-owned companies, offering everything from candy and soda to mobile homes and chartered plane flights. Not all of Berkshire’s 60-odd subsidiaries participate, but a look at the floor of the exhibit hall offers a glimpse at just how vast Mr. Buffett’s empire has … [Read more...] about Warren Buffett’s empire, in 194,300 square feet