Asia food market

- A + A (June 27): Chinese stocks extended gains into a fifth week, bringing them close to a bull market, as investors turned increasingly upbeat amid eased pandemic curbs in Shanghai. Tech shares also rallied in Hong Kong to the highest in nearly four months. The recent rebound in Chinese equities, which started in April while stocks elsewhere were still selling off, is gaining momentum thanks to an improving economic outlook as well as persistent monetary and fiscal stimulus. President Xi Jinping's planned visit to Hong Kong is boosting stocks that would benefit from easing pandemic restrictions such as Macau casinos. The benchmark CSI 300 Index gained 1.1%, adding 4% in three sessions, led by consumer shares, as Shanghai's leader declared victory in defending the financial hub against Covid-19 and will this week allow residents to dine in restaurants in some areas deemed lower risk. Drinks maker Eastroc Beverage Group Co and food supplier Yihai Kerry … [Read more...] about China stocks approach bull market as investors catch up on gains

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A GIVEN that investors accept higher valuations for technology companies going public in the US, aviation analysts say it is not surprising that Capital A Bhd (CapA) is considering listing its low-cost AirAsia airline and digital businesses on the New York Stock Exchange. They believe, however, that now is not the right time. On June 12, the Financial Times reported executive director and CEO Tan Sri Tony Fernandes as saying that CapA was considering two separate listings in the US, one for AirAsia “sometime next year”, followed by its super app, which offers services from travel to takeaways. A senior investment banker who asked not to be named says while there is a rebound in air travel amid the easing of travel restrictions and rising demand — a trend experts term “revenge travel” — airline stocks are not fetching the kind of valuations that Fernandes … [Read more...] about Capital A could fetch higher valuations in US markets

Share to Twitter Share to Linkedin This June marks the unveiling of the very first Michelin Guide Dubai and the Dubai selection 2022, with a total of 69 restaurants covering 21 cuisine types; 14 restaurants getting a Bib Gourmand; nine receiving a Michelin Star; and two earning two Michelin Stars. Dubai is the latest addition to the 35 culinary destinations across North America, South America, Asia Pacific and Europe. Home to thousands of restaurants serving a variety of cuisines from fine dining to street food, headed by talented international and homegrown chefs, the Michelin Guide Dubai is providing a fresh perspective and new insights into the diversity, creativity and multicultural nature of Dubai’s culinary offering - one that is drawn from traditional Emirati cuisine, as well as from the cuisines of more than 200 other nationalities living in the city. The Michelin Guide Dubai 2022 at a glance: • 2 restaurants with two Michelin Stars • 9 … [Read more...] about First Michelin Guide Comes To Dubai

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A DESPITE the reopening of borders since April 1, when Malaysia allowed quarantine-free travel for fully-vaccinated travellers into the country, it will be some time before the hotel industry regains a strong footing following the debilitating lockdowns of 2020 and 2021. In fact, it may well take another year at least before operators can operate at their full capacities at pre-pandemic levels, Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong tells The Edge. “Average occupancy rates are an estimated 30% to 50% of pre-pandemic levels,” says Teo, who is owner and director of One World Hotel in Petaling Jaya, Selangor. He notes that resort destinations are seeing full occupancies while city hotels still face low occupancy. As at November 2020, a total of 204 tourism and hotel operators had shut down following the impact of the … [Read more...] about The State of the Nation: Hospitality industry struggling to cope despite borders reopening, brighter prospects