Business – Page 26 – The Singapore Post

6Nov

By Our NewsroomNo Comments

AP dives back into provincial projects

Mr Vittakarn says provinces chosen for projects must specialise in a sector. KHON KAEN: SET-listed developer AP Thailand has reentered the provincial market with low-rise houses in answer to demand, offering more flexible development. Vittakarn Chandavimol, chief of corporate strategy and creation, said people in many provinces don't want to live in urban condo units as the travel time from outer city areas to inner areas is quick. Similar to Kanchanaphisek Road in Bangkok, major provinces often have a ring road surrounding central areas. Locations on ring roads are usually where low-rise houses are developed as land prices are lower than those in inner cities. "Condos are preferred in Bangkok because travel from the outer city to inner areas consumes a lot of time," he said. "In the p...

As virus flares globally, new strategies target hot spots

6Nov

By Our NewsroomNo Comments

Business, World

As virus flares globally, new strategies target hot spots

NEW YORK - After entire nations were shut down during the first surge of the coronavirus earlier this year, some countries and U.S. states are trying more targeted measures as cases rise again around the world, especially in Europe and the Americas. New York’s new round of virus shutdowns zeroes in on individual neighbourhoods, closing schools and businesses in hot spots measuring just a couple of square miles. Spanish officials limited travel to and from some parts of Madrid before restrictions were widened throughout the capital and some suburbs. Italian authorities have sometimes quarantined spots as small as a single building. While countries including Israel and the Czech Republic have reinstated nationwide closures, other governments hope smaller-scale shutdowns can work this tim

Alibaba pays $3.6bn to take over China hypermarket giant SunArt

5Nov

By desk teamNo Comments

Business, World

Alibaba pays $3.6bn to take over China hypermarket giant SunArt

Alibaba pays $3.6bn to take over China hypermarket giant SunArt Alibaba has taken control of SunArt which runs hundreds of hypermarkets in China as it expands its grip on the mainland retail sector. PARIS: China's e-commerce behemoth Alibaba has bought a controlling $3.6 billion stake in SunArt which runs hundreds of hypermarkets on the mainland for French shopping giant Auchan. The move to take a 72% holding in SunArt tightens Alibaba's grip on China's vast e-commerce sector as it looks to soak up the new customers pushed online to buy groceries, fresh food and healthcare products by the coronavirus. It also hands over control of 13 million square metres of retail space in scores of cities across the country. SunArt was created by Auchan in 2000 with Ruentex Group and joined in an "a...

Toronto could lose 270,000 jobs to second wave, economists say — and many will be gone for good

3Nov

By desk teamNo Comments

Business, World

Toronto could lose 270,000 jobs to second wave, economists say — and many will be gone for good

The immediate economic pain from the second wave of COVID-19 won’t be as drastic as what we felt this spring, but the Canadian economy will still be dealing with the pandemic’s broader fallout for years to come, economists say. While the second wave — and associated closures — will cause more layoffs, the immediate impact won’t be as widespread or as strong, said Jim Stanford, an economist with the Centre for Future Work. “It’s not going to be as dramatic as the first time, because not as many things are being shut down, and we’ve learned to do some things more safely,” Stanford said. The trouble will be much more narrowly focused this time around, said David Macdonald, senior economist with the Canadian Centre for Policy Alternatives. “I think the pain won’t be as widespread as it was

2Nov

By Stuart WhiteNo Comments

Asia, Business, Conflict, Opinion

Soldiers without ranks

Young Muslims trained in arms and light ammunition are sought after pawns in the markets of conflict and turmoil. Wearing the masks of Islam, they are out to create mayhem and massacre. In most cases, theses forces are out to challenge the State and its well-structured armies and police forces. In old times, such confrontations were a part of the game between rulers and their opponents.However, in modern times, the rules of the game have changed. Generally, the confrontations take place according to rules of war, as well as according to the international law approved by international community. But in this case, the engagement and employment of pawns is either overlooked or ignored. This strategic game was being played in pre-colonial and even colonial era as a state craft.The rulers who u...

Today’s coronavirus news: Toronto adds 560 new beds for homeless for winter; de Villa warns outbreak in Toronto could be worse than April; COVID-19 cases increased 40% in Canada over past 7 days

1Nov

By desk teamNo Comments

Business, World

Today’s coronavirus news: Toronto adds 560 new beds for homeless for winter; de Villa warns outbreak in Toronto could be worse than April; COVID-19 cases increased 40% in Canada over past 7 days

KEY FACTS 2:15 p.m.: De Villa warns outbreak in Toronto could be worse than April 2 p.m.: COVID-19 cases increased 40% in Canada over past 7 days 1:27 p.m.: Italy imposes nationwide outdoor mask mandate The latest coronavirus news from Canada and around the world Wednesday. This file is no longer updating. Click here to read the latest coverage. Web links to longer stories if available. 10:35 p.m. South Korea has 69 new confirmed coronavirus cases, most of them in the Seoul region area where health workers are struggling to track transmissions tied to hospitals, churches, schools and an army unit. The figures released by the Korea Disease Control and Prevention Agency on Thursday brought the national total to 24,422 cases, including 427 deaths. Forty-nine of the new cases were report...

Spanish police apprehend two people for smuggling dual-use equipment to Pakistani military companies

27Oct

By Grace TsoiNo Comments

Business, World

Spanish police apprehend two people for smuggling dual-use equipment to Pakistani military companies

Spanish Police have apprehended two persons on charges of smuggling dual-use equipment and technology to Pakistani military companies which could be used for Missile Guidance systems, sources reported."The Spanish Police has apprehended two unidentified persons on July 1 from Alicante, South East of Spain. The two were convicted of smuggling dual-use equipment and technology to the Pakistani military companies," the sources said.The individuals were operating a company from three industrial warehouses in Alicante which specialized in the export of autonomous navigation technologies for UAVs. Much of their business dealings could be traced back to Pakistan. The company has received an estimated sum of 4 million Euro for the export.According to the police, the technologies could be extensive...

J&K: Kupwara District Commissioner inaugurates Skill Institute

22Oct

By Yusara AskariNo Comments

Asia, Business

J&K: Kupwara District Commissioner inaugurates Skill Institute

Under the much ambitious phase three of the ‘Back to Village’ (B2V3) running in the Indian union territory of Jammu and Kashmir, District Development Commissioner (DDC) of Kupwara, Anshul Garg inaugurated a Skill Training Institute.The Institute provides multiple vocational training courses including fashion designing and plumber courses. It was informed that the first batch of 20 female trainees have completed the course of fashion designing.On the occasion, the DDC interacted with the female trainees who put forth several demands before him. He directed the Superintendent ITI Kupwara (Nodal Officer for Skill Development) to submit a proposal for establishment of Skill Institutes at the places demanded.He stressed upon the concerned to tie up the artisans with Entrepreneurship Development

J&K: Kashmir’s Agriculture Department organizes awareness camp at IIKSTC

22Oct

By Yusara AskariNo Comments

Asia, Business

J&K: Kashmir’s Agriculture Department organizes awareness camp at IIKSTC

In the Indian union territory of Jammu and Kashmir, a broader market awareness-cum-public-private engagement interaction was organized by Kashmir division’s Agriculture Department with agri-entrepreneurs, branding experts, market linkage specialists and other members of civil society and saffron farmers at the India International Kashmir Saffron Trade Centre (IIKSTC), Pampore.The main objective of conducting the interactive program was to acquaint the key business, market linkage experts and branding specialists regarding the various facilities created at the center towards maximizing benefit to saffron farmers.The team visited various sections of the IIKTC and were briefed by Kashmir’s agriculture director about various facilities for preserving, grading, processing and marketing of Kashm

LG reviews progress of Committee on Business Revival’s recommendations in J&K

21Oct

By Yusara AskariNo Comments

Asia, Business

LG reviews progress of Committee on Business Revival’s recommendations in J&K

The Lieutenant Governor of the Indian union territory of Jammu and Kashmir (J&K), Manoj Sinha, reviewed the progress made on the recommendations of the Committee on Business revival in Jammu and Kashmir.The Lt Governor sought a detailed report on a host of financial and administrative measures recommended for the revival of the business sector along with financial implications and accorded timelines, aimed at helping business and entrepreneurs and steps taken thereon.“Business sector is the backbone of every economy and it is important that the government machinery must lay a special focus on its revival and for the welfare of the people associated with it,” Sinha said.He further stressed on the effective implementation of the recommendations made by the Committee as per the timelines

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