Hanoi 3rd in JLL's City Momentum Index The Asia-Pacific is home to 19 of the top 20 cities on the sixth City Momentum Index published by JLL, highlighting the continuing shift of fast urban growth from the West to the East. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Bengaluru and Hyderabad in India, with Hanoi third. “Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies, and people,” said Mr. Jeremy Kelly, Director of Global Research at JLL. “It’s clear that the tech sector is a key driver of both real estate and economic momentum - driven by large technology firms as well as dynamic startups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen.” Although the global economic cycle is in its late stages, there are still many cities in the … [Read more...] about BUSINESS NEWS IN BRIEF 19/1
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Over the last three years, fisherman Iputu Gede Astawa has watched his daily catch off the northern tip of Indonesia’s Bali island fall at an alarming rate. Having swapped his paddle for an outboard motor in a futile effort to fish further out to sea where waters are more dangerous, Astawa blames a nearby coal power plant for harming his livelihood. “My catch is totally different to what it was before the power plant began operating,” said Astawa, a third-generation fisherman based near the port town of Singaraja who heads a group of about 30 other fishermen. Where once they caught 400 buckets of fish a day, they now net just 10. Astawa is one of three local residents fighting a legal battle to stop the planned expansion of the Celukan Bawang power plant, about 120 km (75 miles) from the main tourism hub of Denpasar, which began operating in 2015. “All the fishermen will be impacted and we will lose our jobs,” said Astawa, 43, who now makes furniture to … [Read more...] about Legal fight over Bali coal power plant illuminates Indonesia energy dilemma
Viet Nam News by Bích Hường In a business-as-usual scenario, the world’s oceans could contain one tonne of plastic for every three tonnes of fish by 2025, and by 2050, more plastic than fish [by weight]. The numbers in a report launched at the World Economic Forum 2016 crossed my mind again when I saw images of trash abandoned at beaches and other tourist attractions that went viral on internet after recent public holidays on April 30 and May 1. More similar images are likely to come as Vietnamese enter the peak time of holiday season – summer. When students have a long break, people flock to beaches and tourist destinations. It’s a given that people are disappointed to spend their holidays in places that are filled or surrounded by ice cream sticks, wrappers, cans, water bottles and food waste. The trash not only damages the sight of the tourist areas, but also poses a high risk of environmental pollution to the locality if it is not treated … [Read more...] about Who wants a vacation to a trash filled beach?