Hong Kong’s leader announced a cut in liquor taxes on Wednesday, in a bid to revive the Asian financial hub’s reputation as a travel destination with a vibrant nightlife and dining scene. After fulfilling Beijing’s long-standing imperative to enact a homegrown national security law, which has furthered concerns about the curtailing of civil liberties in the city, Chief Executive John Lee now faces challenges with economic competitiveness against regional rivals like Singapore, Japan and mainland Chinese metropolises. Changes in residents’ lifestyles and a wave of middle-class emigration during the COVID-19 pandemic have dampened local spending. Many residents now prefer to spend their weekends in mainland China, attracted by its lower prices and a wider variety of entertainment ...
Read MoreDay: October 17, 2024
The mass bleaching of coral reefs around the world since February 2023 is now the most extensive on record, the National Oceanic and Atmospheric Administration (NOAA) told Reuters this week. A staggering 77% of the world’s coral reef areas – from the Atlantic to the Pacific to the Indian oceans – have so far been subjected to bleaching-level heat stress, according to satellite data, as climate change fuels record and near-record ocean temperatures across the world. "This event is still increasing in spatial extent and we’ve broken the previous record by more than 11% in about half the amount of time,” said NOAA Coral Reef Watch coordinator Derek Manzello. “This could potentially have serious ramifications for the ultimate response of these reefs to these bleaching events.” FILE P...
Read MoreDusit Hotels & Resorts returns to India with the soft opening this December Dusit Hotels and Resorts, under Dusit International—one of Thailand's leading hotel and property development companies—announces its return to India with the anticipated soft opening of dusitD2 Fagu. This luxurious retreat, set amidst the serene mountains of Fagu, near Shimla, is scheduled to open its doors in December 2024, offering an exceptional blend of Thai hospitality and local charm. Surrounded by the majestic Himalayan landscape, dusitD2 Fagu promises a tranquil escape for leisure, wellness, and adventure seekers alike. The property features 80 elegantly appointed guest rooms, ranging from 38 sqm to 86 sqm, each designed to harmonize contemporary comforts with local cultural touches, and to showc...
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