New Destinations for Philippine Workers Are Russia, China

, , , , , , , , , ,

Source: Philippine Overseas Employment Administration Note: Latest available data as of 2016 With exports faltering and stocks suffering outflows, officials are banking on remittances to help stabilize the peso, Asia’s worst-performing currency this year. The peso has lost more than 4 percent against the dollar in 2018. The Middle East remains the largest destination for […]

Read More...

Electric Buses Are Hurting the Oil Industry

, , , , , , , , , , , ,

About 279,000 barrels a day of fuel won’t be needed this year China adds a London-sized electric bus fleet every five weeks Source: Bloomberg New Energy Finance For every 1,000 battery-powered buses on the road, about 500 barrels a day of diesel fuel will be displaced from the market, according to BNEF calculations. This year, […]

Read More...

The Rich Are Betting On Living to 100

, , , , , , , , , , ,

survey, 53 percent of wealthy investors said they expected to live to 100. Hitting triple digits won’t be easy, but it’s not as outlandish as it used to be. The average Japanese woman now has a life expectancy of 87, OECD study in the Journal of the American Medical Association found. For men, the gap […]

Read More...

Chinas Vast Intercontinental Building Plan Is Gaining Momentum

, , , , , , , , , ,

Here’s a Quicktake on what Xi describes as the ‘project of the century’ The program isn’t without controversy: debt began operations last year, allowing crude supplies from the Middle East and Africa to reach China faster as shipments no longer need to be transported through the Straits of Malacca and the South China Sea. The […]

Read More...

China Now Has the Most Valuable AI Startup in the World

, , , , , , , , , ,

It becomes the world’s richest-valued private AI startup The company drives China’s ambition to dominate global AI said to have sought the biggest stake in the three-year-old startup. With the deal, SenseTime has doubled its valuation in a few months. Backed by Qualcomm Inc., it underscores its status as one of a crop of homegrown […]

Read More...

Uber Pulls Out of Southeast Asia, Selling Operation to Rival Grab

, , , , , , , , , ,

Uber Technologies Inc. has agreed to sell its Southeast Asian operations to Grab, withdrawing from yet another fast-growing region to end a war of attrition with a fierce local rival. Under the agreement, Grab will acquire all of Uber’s operations in a region of 620 million people, including food delivery service UberEats. The U.S. ride-hailing […]

Read More...

Married Couple Gets Stunned When They Discover Their Paths Had Crossed 11 Years Before They Met

, , , , , , , ,

Now, this may not seem so remarkable at first glance, but consider that China is a country of over 1 billion people, and they were not in some small town where they both grew up, but in the huge city of Qingdao, on the other side of this vast country. The odds of having such […]

Read More...

For Chinas Wealthy, Singapore Is the New Hong Kong

, , , , , , , , , , ,

When more than 80 of China’s wealth managers gathered recently at the Shangri-La hotel on Singapore’s resort island of Sentosa, the chatter during tea breaks kept returning to one theme: Hong Kong is starting to be eclipsed by Singapore as the favorite destination for the wealth of China’s rich. At stake for banks in both […]

Read More...