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Share to Twitter Share to Linkedin After years of intrigue and anticipation, and of course speedbumps that has been the norm for a long troubled sport in a goldmine of a location, Major League Cricket was spectacularly unveiled in Houston on Sunday. With a pool of overseas stars limited - due to international commitments and India's contracted players unable to play beyond their homegrown Indian Premier League - the MLC did well to recruit several well-known players still at their peak. Salary caps were reportedly around $1 million per team with top players set to receive similar remuneration per game to cashed-up start-up leagues in the UAE UAE and South Africa. Also drafted were a host of expat players, who are flying the flag for a pro cricket league hoped to finally fuel the rise of cricket in the world's biggest market. While born and bred players were perhaps predictably outnumbered, MLC is hoped to spark interest in the younger … [Read more...] about America’s New Major League Cricket Has A Footprint From Cashed-Up India

Share to Twitter Share to Linkedin Rani Mukerji’s new Hindi film Mrs Chatterjee Vs Norway has made a total of $0.78 million over the first weekend of its release while popular comedian Kapil Sharma’s film - Nandita Das’ Hindi movie Zwigato - has collected $0.22 million in India in the first three days of the release. Both the films are made on a small budget and released in limited screens across India. While Zwigato released in 409 screens in India, Mrs Chatterjee Vs Norway released across 535 screens, on Friday, March 17. Mrs Chatterjee Vs Norway earned $0.15 million on the opening day. Mukerji’s film collected $0.27 on Saturday and $0.34 million on Sunday in the country. As per the production house, Mrs Chatterjee Vs Norway made $1.2 million worldwide over the first weekend. Last weekend’s Hindi films released in limited screens in India and do not have huge numbers to boast, but both are being widely appreciated by critics. Mrs Chatterjee … [Read more...] about India Box Office: Rani Mukerji’s Film Scores Better Than ‘Zwigato’

Share to Twitter Share to Linkedin Ajay is a Managing Director at Taurus Investment Holdings and leads the Boston-based global investor's India business . After higher holiday sales than expected in 2022, it would be tempting to imagine that all is well again in the retail and retail real estate industries, which were ravaged worldwide by two years of pandemic-related closures and restrictions. The truth is, however, far from rosy; retailers across the U.S. are, in fact seeing muted sales (registration required) as inflation makes shoppers apprehensive about opening their wallets. With a long-term glut of shopping center space and widespread pain among stalwart mall tenants, many malls across the country may close or be converted to other uses, including residential units and offices. The outlook for malls across Western Europe also remains cloudy. Data (registration required) from retail footfall tracking specialist Sensormatic shows that … [Read more...] about Retail Real Estate Development Looks To India

A Malaysian nightclub has cancelled a ‘Thai Hot Guys’ event after receiving massive backlash from the public as the event was scheduled to occur during the Islamic holiday of Ramadan. Apparently, juicy Thai men parading around half-naked in lingerie wasn’t what those celebrating Ramadan, which is the ninth month of the Islamic calendar, had in mind. As Ramadan is a holy celebration which includes fasting, prayer, reflection, and community, Malaysian authorities issued a stern warning to the nightclub. Home Minister Saifuddin Nasution Ismail called on the event organisers to refrain from offending the religious sentiments of the country’s Muslim community. The nightclub, Privacy Tun Razak, was planning to feature cross-dressing Thai men to celebrate its opening. But, as the news went viral on social media, police say they received at least 60 reports of the event as of yesterday. Related news Recovered Caesium-137 cannister ‘not a threat to local … [Read more...] about ‘Thai Hot Guys’ Malaysian nightclub event during Ramadan cancelled after intense backlash

Significant uptick in Phuket’s hotel sector activity includes the opening of Radisson RED in Q3 2023 Press Release PHUKET Thailand’s leading resort island of Phuket’s post-pandemic tourism recovery has been headlined by a surge in Russian travellers in the high season. But the backstory is how a spike in regional visitors from India, Malaysia, and Singapore set the stage in Q4 of last year that pushed hotels and the service sector back into action. Data on hotel Phuket hotel performance in C9 Hotelworks’ newly released Phuket Hotel Market Update 2023 shows how the industry escalated after Thailand lifted travel restrictions at the beginning of October 2022. The influx of tourists propelled market-wide occupancy for the year to 48%, up year-on-year from a COVID-19-impacted low of 8% in 2021. While Phuket’s winter high season which is November through to March has seen a return of the island’s traditional ‘snowbird’ visitors from Northern Europe and Scandinavia, the … [Read more...] about Robust Phuket tourism numbers in Q4 last year and high winter season set the stage for recovery by year-end

Share to Twitter Share to Linkedin The streaming wars have reached another momentous milestone in their post-Covid adjustment period. The services are anxiously wondering if ad-supported tiers can spur the growth streamers have hoped to reignite. The answer appears to be a cautious yes—at least if the first ad tier subscription numbers from Netflix NFLX are any indication. According to a report, the streamer hit 1 million active users for its ad-supporter tier in its second month. It showed tremendous month-over-month growth, expanding by 500%. Equally important to Netflix, the delivery met the baseline promised to advertisers on the new service, meaning no need to serve up makegoods (free ads to balance out underdelivery of commercials). It’s a significant achievement for Netflix, which suffered its first year-to-year subscriber drop in over a decade in 2022. But perhaps more significantly, it signals a potentially seismic shift in the streaming … [Read more...] about Netflix’s 1 Million Users Prove Ad-Supported Tiers Are Future Of Streaming

Thailand welcomed 2.14 million international tourists in January, data from the tourism ministry showed today. The data showed a small decline from the previous month. The top three source markets last month were Malaysia with 288,745 tourists, Russia with 202,759 tourists, and South Korea 169,462 tourists. However, the return of travellers from China, following the removal of Covid-19 restrictions, helped boost the numbers. A total of 91,841 Chinese tourists flocked to Thailand last month , compared with 3,110 in the same period last year. China’s reopening is expected to give the recovery further impetus. The government is forecasting 7 to 8 million Chinese visitors in 2023, compared with 11 million in 2019, Bangkok Post reported. Related news Thailand’s leading Fintech “DeeMoney” unveils new strategy “Owndee” with better rates, faster, and easier transfers 3 hours ago Safari park in Thailand responds to bungee cord incident that nearly … [Read more...] about Thailand welcomed 2.14 million international tourists last month

MANILA  – The Philippine government urgently needs to adopt “more targeted” policies that would address employment struggles among youth, who bore the brunt of the shock that the pandemic inflicted on the domestic job market, according to the World Bank (WB). In a report launched on March 22, the multilateral lender said the employment situation in the country is recovering but still far from the vibrancy seen before the pandemic, with “elementary,” low-paying occupations replacing high-productivity jobs that were lost during the past three years of disruption. WB senior economist Yoonyoung Cho, who presented highlights of the report, said that as of the second quarter of 2022, jobs have returned, but some of the prepandemic progress was reversed. Cho said there has been a decrease in salaried jobs and an increase in unpaid work, elementary occupations and poverty. She said recovery has been uneven, such that this was robust in sectors like information and communication … [Read more...] about More jobs needed for pandemic-hit youth, says WB

MANILA  – Trade between the Philippines and 11 other Asian markets could triple by 2030, highlighting the potential of intra-regional trade, with the manufacturing sector seen driving the growth. This is according to a study by global shipping and logistics firm United Parcel Service (UPS), which surveyed in January to February last year 198 businesses located in and with trade interests across the 12 Asian markets. “For the Philippines, in particular, the country has an opportunity to build on rapid growth in the previous decade—particularly in the manufacturing sector—which could see trade with the Asia 12 more than triple from $113 billion in 2020 to $393 billion in 2030,” UPS said in a statement. The 12 Asian markets covered by the research titled “UPS Intra-Asia Study” are Australia, China, Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. “There are also significant opportunities for Filipino businesses in areas such … [Read more...] about Philippines seen to triple Asian trade by 2030

U.S. officials are reporting two more deaths and additional cases of vision loss linked to eyedrops tainted with a drug-resistant bacteria. The eyedrops from EzriCare and Delsam Phama were recalled in February, and health authorities are continuing to track infections as they investigate the outbreak. In the latest government tally, 68 people were diagnosed with infections from the bacteria, which has now caused a total of three deaths and eight cases of people losing their vision, the Centers for Disease Control and Prevention (CDC) reported on Tuesday. That’s up from one death and five cases of permanent vision loss reported last month. The CDC said four people have undergone surgery to remove an eyeball due to the infections. The outbreak is considered particularly worrisome because the bacteria driving it is resistant to standard antibiotics. The CDC has now identified cases in 16 states, including California, New York, Illinois, Texas, and … [Read more...] about Eye drop recall: Deaths and vision loss continue as more bacteria infections are discovered