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AFP Sydney, Australia   ● Wed, May 18, 2022 2022-05-18 13:28 0 02c2f042c5018a82e8094ec752599ba1 2 Asia and Pacific Australia,labor,election,Scott-Morrison,Anthony-Albanese,car-crash Free Anthony Albanese, the man narrowly favoured to become Australia's prime minister after May 21 elections, was rushed to hospital last year after a four-wheel-drive slammed into his car. "I thought that was it," he told a local radio station. At the time, his Labor Party trailed behind the conservative government in opinion polls, struggling to cut through during the pandemic. But the near-death experience changed his life, Albanese told media. In its wake, the opposition leader, 59, recovered on all fronts: overcoming serious injury, shrugging off rumblings of a party leadership coup and shedding 18 kilos (40 pounds) -- an image revamp that raised some eyebrows. His suits went from baggy to tailored, his bookish wire-framed glasses switched for "Mad Men"-style … [Read more...] about Australia PM contender overcame crash, party coup rumblings

Jet Airways has successfully completed all its "proving flights" and is now looking forward to the grant of the air operator certificate (AOC) by the Directorate General Civil Aviation (DGCA), the owner Jalan-Kalrock Consortium said on May 17. Jet Airways on May 17 concluded its second set of two so-called proving flights with around 31 people, which also included DGCA officials.  The airline had on May 15 conducted its first set of three proving flights with 18 people. The two proving flights on May 17 were on Delhi-Hyderabad and Hyderabad-Delhi routes using the airline’s Boeing 737. The same plane was used for the three proving flights—Delhi-Mumbai, Mumbai-Ahmedabad, Ahmedabad-Delhi—on May 15, they said. A proving flight is part of DGCA’s process for the induction of a new aircraft type in an airline’s fleet. The flight allows the operator to demonstrate to the DGCA the airline’s ability to conduct the flight safely and in accordance with all rules and regulations. … [Read more...] about Jet Airways says proving flights done, awaiting AOC from DGCA

- A + A (May 18): Gautam Adani and Mukesh Ambani are profiting from a surge in global commodity prices triggered by Russia’s invasion of Ukraine, burnishing their fossil-fuel credentials even as Asia’s richest men publicly push their pivots toward greener energy. With coal prices skyrocketing to a record, Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. Ambani’s Reliance Industries Ltd is snapping up distressed crude-oil cargoes at discounts to feed its refining complex, the biggest in the world. Reliance even deferred a scheduled maintenance of the facility to help churn out more diesel and gasoline, whose margins have shot up to touch a three-year high. The two Indian tycoons are stepping in at a time when many developed countries are scrambling for alternative sources of fuels as they try to back away from Russian supplies. This month, the Group of Seven most-industrialized nations pledged to ban imports of Russian oil. The … [Read more...] about Asia’s two richest men reap windfall from surging oil, coal

Malaysia is set to increase the value of its location-based incentives from the current 30% to 35%, the government is expected to announce this week in Cannes. The Film in Malaysia Incentive (FIMI) was launched in 2013, around the time that the Iskandar Malaysia studios were opened in the south of the country, and is administered by the National Film Development Corp (Finas). Finas and Communications and Multimedia Minister Tan Sri Annuar Musa will lead a Malaysian delegation at the Cannes Market and is expected to reveal details of the FIMI upgrade at a Malaysia-focused conference on May 19. "Finas intends to use the Marche film market as a platform to promote Malaysia as an international filming destination that offers 30% cash rebate through FIMI and up to 5% [additional] through a cultural test," Finas chief executive Prof Dr Md Nasir Ibrahim told state news agency Bernama, in a pre-departure briefing. Details of the cultural test may be outlined at the Cannes presentation. … [Read more...] about Malaysia to increase location production incentives to attract investors

- A + A HONG KONG (May 18): Analysts at Goldman Sachs said on Wednesday they were lowering their China 2022 gross domestic product growth forecast to 4% from 4.5% as a result of Covid-19-related damage to the economy in the second quarter of this year. It was more likely China's economy would undershoot than overshoot their target, they added. "Even this lower growth projection embeds the assumption that Covid is mostly under control going forward, the property market improves from here, and the government provides substantial policy offset through infrastructure spending in coming months," they wrote. China's retail and factory activity fell sharply in April as widespread Covid-19 lockdowns confined workers and consumers to their homes and severely disrupted supply chains. China's uncompromising strategy to fight Covid-19 has placed hundreds of millions of people in dozens of cities under restrictions of some kind, and has disrupted a global rebound in … [Read more...] about Goldman cuts China 2022 growth forecast to 4%

Ranabir Bhattacharyyaa, a writer, shared the woman's story in a LinkedIn post. (Image credit: Ranabir Bhattacharyyaa/LinkedIn) The coronavirus pandemic caused massive jobs losses across the world, forcing people to make drastic switches to new and often unfamiliar roles to support their families. In Kolkata, a woman sacked from electronics giant Panasonic had to start riding a scooter for Uber. Her story was shared on LinkedIn by a man who rode with her. Ranabir Bhattacharyyaa, a writer, said in his post that last week, he had booked an Uber two-wheeler for a quick ride across Kolkata. The driver who came to pick him up was Moutushi Basu – a woman in her early 30s. During his conversation with Basu, Bhattacharyyaa learnt that she worked with Panasonic before the coronavirus-induced lockdown. “She lost her job in the Covid phase like lakhs of Indians,” the man added in his post. Close COVID-19 Vaccine Frequently Asked Questions View more … [Read more...] about From Panasonic employee to Uber rider: Kolkata woman’s story