Phuket is facing an oversupply of hotels. CHAIRITH YONPIAM Phuket, the popular tourism destination in southern Thailand, is struggling against a host of unfavourable factors that could weaken its tourism revenue and its long-term reputation as the Pearl of the Andaman.Hotel room rates in the province dropped significantly in the first half of this year, leading revenue per available room (RevPar) to plummet. The situation shows no signs of improving, at least over the next few years, when 15,348 new hotel rooms will be added to existing supply. Furthermore, tourism on the island is still haunted by the deadly boat accident last year that led to a drop in the number of Chinese tourists. Falling rates, supply glut Phuket's hotel room rates are likely to face the darkest cloud in the rainy season after the second quarter showed signs of a gloomy outlook. Average room rates for the first six months this year dropped 5% compared with the same period last year, according … [Read more...] about Pearl of the Andaman loses lustre
Rivals 5 star challenge 2018
Australia's Nick Kyrgios is through to the ATP final in Washington after a three-set victory over Stefanos Tsitsipas WASHINGTON - Australia's Nick Kyrgios overcame a mid-match meltdown and his rival's shoe repair delays Saturday to defeat Greek top seed Stefanos Tsitsipas and reach the ATP Washington Open final.The 52nd-ranked Aussie hammered 19 aces, saved a match point and often played to the crowd in a dramatic and emotional 6-4, 3-6, 7-6 (9/7) victory over Tsitsipas, whose shattered shoelaces led to two third-set delays.Tsitsipas, who becomes world number five on Monday, fell behind a set and a break, took advantage of Kyrgios losing control with racquet slams and call complaints to force a third set, only to fall in the tie-breaker.Kyrgios will play for the $365,390 (328,851 euro) top prize against the later winner between 10th-ranked Russian Daniil Medvedev and German lucky loser Peter Gojowczyk.The 24-year-old Aussie has never faced Gojowczyk and beat Medvedev this … [Read more...] about Kyrgios ousts top seed Tsitsipas to reach Washington final
Russian cosmonaut Yuri Gagarin, the first man in space, in his Vostok 1 capsule on April 12, 1961 PARIS - From the Soviet Union's pioneering satellite to the first man on the Moon 50 years ago, here are 10 key dates in space exploration.- 1957: Sputnik - On October 4, 1957, Moscow launches the first artificial space satellite, Sputnik 1, ushering in the Cold War tussle for the cosmos. The beach ball-sized aluminium sphere takes 98 minutes to orbit the Earth and sends back the first message from space, simple "beep-beep-beep" radio signals. On November 3, Sputnik 2 carries the first living being to fully orbit the Earth, a small street dog called Laika. She dies after a few hours. - 1961: Gagarin, first man - On April 12, 1961, Soviet cosmonaut Yuri Gagarin becomes the first man in space, completing a single, 108-minute orbit. Twenty-three days later, Alan Shepard is the first American in space when he makes a 15-minute trip on May 5. The Cold War rivals are only joined in … [Read more...] about The exploration of space in 10 key dates
By Neanda Salvaterra WSJ Mon., May 13, 2019 Conflict—whether it’s between regional rivals in the Persian Gulf or corporate foes in the Permian Basin—is seeping back into the oil business. Oil prices shot upward Monday after Saudi Arabia said two of its oil tankers came under attack Sunday near the Strait of Hormuz, the waterway in and out of the Persian Gulf -- a critical avenue for crude transportation. “The geopolitical risk premium increased over the weekend,” said consultancy Global Risk Management in a note. That became evident once markets opened in London this morning. Brent crude, the global oil benchmark, was up about 2% and West Texas Intermediate, the U.S. oil standard, was last up more than 1.5%. The attacks came days after the U.S. said it would heighten its military presence in the Persian Gulf to counter what it said is a growing threat from Iran. Saudi Arabia has pledged to help balance global oil markets as Washington … [Read more...] about Oil Prices Jump After Attack on Saudi Tankers—Energy Journal
By David Olive Business Columnist Sun., May 5, 2019 It appears the Trump administration isn’t all that interested in a deal to replace the North American Free Trade Agreement (NAFTA) after all. Last week, White House acting chief of staff Mick Mulvaney was sanguine about the prospect of Congress rejecting NAFTA’s proposed replacement, the United States-Mexico-Canada Agreement (USMCA). “You could stay status quo,” Mulvaney told a California business conference. “Your real Plan Bs are either NAFTA or withdraw from NAFTA.” It might be that U.S. President Donald Trump has reverted to his years-long preference to simply kill NAFTA without replacing it. Trump won’t budge on the reasonable changes that Congressional Democrats seek to make to the USMCA agreement. He also seems determined to keep in place the steel and aluminum tariffs he applied against Canada and Mexico about a year ago. And that alone pretty much … [Read more...] about Time to say goodbye to NAFTA’s replacement?