Ha Suk-joo, CEO of Lotte Engineering & Construction, fourth from left in first row, and Ho Chi Minh City People's Committee Chairman Phan Van Mai, fifth from left in first row, pose for a photo after signing an agreement to partner on the construction of Thu Thiem Eco City, on May 13. [LOTTE ENGINEERING & CONSTRUCTION] Lotte Engineering and Construction announced it will partner with Ho Chi Minh City for the Thu Thiem Eco City project, building a large leisure and residential complex in the city. A total of $900 million will be invested to build the complex. Lotte Engineering and Construction CEO Ha Suk-joo met Phan Van Mai, chairman of the Ho Chi Minh City People's Committee, on May 13 to discuss the partnership at the People's Committee building in Ho Chi Minh City. The complex will be built on a 50,000 square meter (538,195 square feet) area and consist of a shopping mall, hotel, office building and apartment building. The construction company has submitted a … [Read more...] about Lotte E&C to partner with Ho Chi Minh City on smart city project
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Visitors wearing face masks as protection against the coronavirus outbreak visit the 14th century Wat Mahathat complex in the ancient capital of Ayutthaya on Friday. (AFP photo) The country registered 6,094 more Covid-19 cases - the fewest since Jan 6 - and 51 new fatalities during the previous 24 hours, the Public Health Ministry announced on Sunday morning. This compared with 6,736 new cases and 54 coronavirus-related fatalities reported on Saturday morning. Saturday’s figures did not include 4,356 positive results from antigen tests over the past 24 hours. This would raise the total to 10,420. As of Saturday, a total of 70,775 people were receiving Covid-19 treatment, including 25,527 in hospitals. The remainder included 9,251 in hospitel facilities/field hospitals and 35,603 in home/community isolation, according to the daily update posted by the Department of Disease Control . Of those in hospital, 1,304 were seriously ill patients with lung inflammation and 643 … [Read more...] about Fewest daily Covid cases since Jan 6 announced Sunday
iPhone SE 2022 (Representative Image) Apple is reportedly testing the USB Type-C port on its iPhones. The Cupertino-based tech giant is preparing to swap out the Lightning port for USB-C on its iPhones, as per reports. However, the change may not take place until 2023. According to a new Bloomberg report by Mark Gurman, the iPhones won’t adopt the USB-C port until 2023 “at the earliest.” The report comes after reliable Apple analyst Ming-Chi Kuo uploaded a tweet indicating that Apple would be swapping out the Lightning port for USB-C in the second half of 2023, which suggests that the USB-C port could make it on the iPhone 15 series. While the move to switch to a USB Type-C port is a big step for Apple, it doesn’t come as much of a surprise considering Apple already made the switch with the iPad Pro, iPad Air, and iPad Mini. Additionally, EU regulators recently announced a proposal that would require a myriad of devices including smartphones to use USB-C ports. Gurman … [Read more...] about Apple could introduce the USB-C port on iPhones in 2023: Report
FOR global investors trying to the gauge the fallout from surging interest rates and slowing economic growth, Hong Kong is quickly emerging as a must-watch market. Perhaps nowhere else is as exposed to two of the biggest worries roiling global asset prices – the Federal Reserve’s (Fed) rapidly tightening monetary policy and China’s sputtering economy. While Hong Kong’s US$466bil (RM2 trillion) foreign-reserves stockpile and plentiful interbank liquidity suggest little chance of an imminent crisis, signs of financial stress are building. This week saw the city intervene to prop up its pegged currency for the first time since 2019. Its stock market has tumbled this year at one of the fastest rates globally. Home prices in the world’s least affordable property market are falling and signs of capital flight are multiplying, after portfolio outflows last year topped US$100bil (RM440bil) for only the second time since Hong Kong’s 1997 handover to China. “There’s a lot the city … [Read more...] about Hong Kong becomes world’s must-watch market
They are both beautiful countries and stand out amongst their south east asian counterparts for their food, culture and scenery. But which one is your choice for travelling or living in? Here are some introductory thoughts… Influences Thailand is a constitutional monarchy and the former king, King Bhumibol, was greatly loved and respected. His son, King Maha Vachiralongkorn, now maintains the customs and traditions of the Thai monarchy. His coronation was an elaborate ceremony in May 2019 celebrated by all Thais. The main religion in Thailand is Theravada Buddhism. Monks retain high status and are a big part of daily life, from festivals to daily blessings. Young Thai men become novice monks for a period – usually 1-3 weeks – to earn “merit” for their families. Thailand is a hodge podge of old culture and traditions fused with modern western influences – often at the same time. Thais celebrate everything and are reasonably tolerant to all cultures. Thai people always try … [Read more...] about Vietnam versus Thailand – which is the best for travel or living?
“Whilst Thailand is often nicknamed the ‘land of a thousand 7-elevens’, with a convenience store on just about every corner, there are very few of these in Vietnam, for now.” With the Thai Baht on a high at the moment, along with stricter enforcement of visa rules, some expats say they’ve had enough and are heading to Vietnam, or some other south east Asian country, where they might improve their personal situation. For example, an expat pensioner, on a fixed income, from a country where the Thai baht has risen against your currency, Thailand has become a more expensive option – perhaps impossible to make ends meet anymore with your old pension. The British pound, as just one currency, has gone from around 55 baht to the pound four years ago, to now around 39 baht, a big loss in value. Meanwhile the cost of living in Thailand has risen over the last decade. But Vietnam has its own challenges and, whilst being an amazing place to explore as a tourist, may not be to everyone’s … [Read more...] about So you want to move to Vietnam?
- A + A PETALING JAYA (May 18): The Asia-Pacific prime office rents witnessed a continued recovery in the first quarter of 2022 (1Q22), according to the latest Knight Frank Asia-Pacific Prime Office Rental Index for 1Q22. Teh Young Khean Zooming into the Malaysia office market, Knight Frank Malaysia executive director of office strategy and solutions Teh Young Khean said in a press release: "The pace of recovery in the [Malaysia] office sector will continue to pick up this year in tandem with the uptick in economic activities and improved business sentiments. Demand for space is expected to increase with more workers returning to the office and as organisations firm up their physical workplace planning. "Endemic trends indicate that organisations opting for hybrid work models are likely to see several advantages, hence having good infrastructure and facilities to support the new way of working is crucial," he added. Judy Ong Knight Frank Malaysia … [Read more...] about Asia-Pacific prime office rents see sustained recovery in 1Q22, says Knight Frank