Women have traditionally been known as the big shoppers in luxury retail. But China is no traditional market. Men account for about 55 percent of China’s luxury goods market, much higher than the 40 percent global average, according to research firm CLSA. Furthermore, Chinese men are not only outspending Chinese women on luxury goods — 7 billion yuan ($1.1 billion) in 2010 versus 2.8 billion yuan according to Bain — they outspend them in many categories, reports China … [Read more...]
Thailand to Scrap Luxury-Goods Tax to Lure China Travelers
September 17, 2013 by
Thailand to Scrap Luxury-Goods Tax to Lure China Travelers Thailand’s government said it will scrap import duties on luxury watches, clothes and cosmetics to help the country compete with Hong Kong and Singapore for wealthy travelers from markets including China. The duty on some luxury goods will be cut to zero from 30 percent by the end of the year, Permanent Secretary for Finance Areepong Bhoocha-Oom told reporters in Chonburi province. Thailand’s SET Index jumped 3.6 percent, as Minor … [Read more...]
Dambisa Moyo – WOMAN of ACTION™
July 6, 2013 by
A Celebration of Women™ is elated to Celebrate the Life of one of our world's greatest female minds in the area of the one form of energy that is upside down at this time in history: MONEY. A multi published, world acclaimed author of many books, this powerhouse has taken our globe's world of finance by storm, offering her solutions through her speaking, writing and more ... Also finding time to devote to philanthropy, this woman's mission of choice is the development of children … [Read more...]
UNHCR Special Envoy Angelina Jolie Recounts 5-year-Old Girl’s Ordeal
June 25, 2013 by
SECURITY COUNCIL ADOPTS TEXT URGING TARGETED SANCTIONS AGAINST PERPETRATORS OF SEXUAL VIOLENCE DURING ARMED CONFLICT Rape Largely ‘Cost-free’, Says Special Representative As UNHCR Special Envoy Angelina Jolie Recounts 5-year-Old Girl’s Ordeal The Security Council today urged the United Nations sanctions committees to apply targeted sanctions against parties committing sexual violence during armed conflict. Ahead of a debate on the subject that attracted more than 60 speakers, the … [Read more...]
Hong Kong and India lead in growth of wealthy population, Lorre White
June 25, 2013 by
According to the World Wealth Report 2013, released by Capgemini and RBC Wealth Management, the investable wealth of the world’s high net worth individuals (HNWIs) rebounded in 2012, growing by 10 per cent to reach a record high of $46.2 trillion, after declining 1.7 per cent in 2011. As many as one million individuals joined the global HNWI population, which reached 12 million, reflecting an increase of 9.2 per cent. In 2012 North America’s population of 3.73 million HNWIs surpassed the … [Read more...]
Global and regional estimates of ‘violence against women’
June 22, 2013 by
WHO report highlights violence against women as a ‘global health problem of epidemic proportions’ JUNE 2013 | GENEVA - Physical or sexual violence is a public health problem that affects more than one third of all women globally, according to a new report released by WHO in partnership with the London School of Hygiene & Tropical Medicine and the South African Medical Research Council. The report, Global and regional estimates of 'violence against women': Prevalence and health … [Read more...]
Mary D. Moore is Taking Action for World Peace!
June 22, 2013 by
Throughout human history, war and violence defined whether territorial boundaries would expand or constrict. The Rule of Law seldom became the standard of societal life; too often, it was might over right. But evolution and the refinement of human morals and ethics have moved mankind, from the mid-20th century, to rise above the pattern of war and violence towards the higher invitation of sustainable peace and the rule of law. For that purpose, the United Nations was … [Read more...]
Luxury goods in China Beyond bling, Lorre White
June 10, 2013 by
Luxury goods in China Beyond bling “IT WAS an amazing golden age,” reflects Guillaume Brochard of Qeelin, a Chinese jeweller. From 2007 to 2011 many luxury-goods firms enjoyed double-digit annual growth in China, which became their most important market. The first blows came last year, with an economic slowdown and jitters about the political transition. Now, a crackdown on corrupt gift-giving and a populist backlash against ostentation have added to the woes. The outlook for … [Read more...]
Poverty end has been moved to 2030, with rise before the fall!
May 9, 2013 by
Over a billion people worldwide live on less than $1.25 a day. But that number is falling. This has given credence to the idea that extreme poverty can be eliminated in a generation. A new study by Brookings researchers examines the prospects for ending extreme poverty by 2030 and the factors that will determine progress toward this goal. Below are some of the key findings: 1. We are at a unique point in history where there are more people in the world living right around the $1.25 … [Read more...]
UNICEF supports China in earthquake response to assist children (RADIO)
April 25, 2013 by
UNICEF is finalizing plans with its Chinese government partners to intensify and accelerate efforts in child protection and welfare, mother and baby health, young child nutrition, hygiene and sanitation. This, as the death and injury toll becomes clearer following the devastation caused by the earthquake in Lushan County in Sichuan province. With support from its Hong Kong Committee, UNICEF has allocated US$75,000 for emergency obstetric and neonatal health equipment for local health … [Read more...]
Lorre White, ‘Could the new CEO of Four Seasons be a non-hotelier?’
April 21, 2013 by
Bill Gates and Prince Alwaleed bin Talal of Saudi Arabia, the two billionaires who control 95% of Four Seasons Hotels & Resorts are keen to expand the business as fast as possible, to 150 hotels worldwide from the current 90. After the surprise departure of Kathleen Taylor (a company veteran for 24 years) more than a month ago, headhunters look for a new leader for the company, Four Seasons, being run, in the meantime, by a nine-person committee. Kathleen Taylor spent years preparing for … [Read more...]
Lorre White celebrates China’s Art & Museum Ambitions
April 13, 2013 by
As China’s economy has risen, so has its appetite for art. As the New York Times reports, wealthy Chinese collectors are anxious to display their growing collections in a plethora of new museums, and also to preserve some of the nation’s most precious, ancient artworks that have long been abandoned. According to the Times, 390 new museums opened in China in 2011, and the acceleration continues. It seems that many are devoted to either very old or very new art, and the latter has been mostly … [Read more...]
