Economic crisis tames Year of the x celebrations in Asia
The News Review:
- Economic crisis tames Year of the x celebrations in Asia
- Preserving tradition in lean times
- Cebu Pacific cuts fare for int’l flights
- GZI guerilla tactics in property market pay off
- Fog causes chaos for air travelers
- Global crisis shifts holiday travel patterns of China migrants
Economic crisis tames Year of the x celebrations in Asia
AFP
The economy is bad people are buying less” said Yip Wai Keong who owns Guangzhou Waxed Meats in Singapore’s Chinatown. Waxed meat is a popular delicacy for families during the New Year. Shoppers told AFP they planned to spend less on festivities mirroring the increasing gloom since Singapore became the first Asian economy to slip into recession last year. Singapore’s economy is projected to contract by as much as 2. 0 percent this year and there is speculation that job cuts will increase after the Chinese New Year which falls on January 26.
Preserving tradition in lean times
Malaysia Star Malaysia
But Guangzhou resident Zeng Hongmin was not about to let his loved ones stay at home for what is arguably the most important meal of the year for Chinese at home and abroad. The white-collar worker tightened his belt and broke the news to his family the seven of them would have their reunion dinner on the eve of the Lunar New Year at a restaurant but only for 800 yuan (RM420) less than a third of what they splurged on at the same hotel last year. “I really hope to continue the family tradition and enjoy ourselves together” Zeng said. Zeng is just one of the many Chinese nationwide finding ways to celebrate the start of the new year in these tough economic times. The reunion dinner on the eve of the Lunar New Year which falls on Jan 25 this year is a tradition dating back more than 2000 years.
Cebu Pacific cuts fare for int’l flights
Inquirer.net Philippines
The seats are nonrefundable and do not include surcharges and government taxes. The airline has allocated more than 70000 seats for its international seat sale. This includes Cebu Pacific flights to Bangkok Guangzhou Ho Chi Minh Hong Kong Jakarta Kaohsiung Kota Kinabalu Kuala Lumpur Macau Shanghai Singapore and Taipei. Cebu Pacific spokesperson Candice Iyog said: “We hope that many will take advantage of this opportunity to travel to our neighboring Asian destinations. This should also encourage tourist arrivals at a time when we would need them most. We remain committed to our country’s tourism agenda.
GZI guerilla tactics in property market pay off
South China Morning Post (subscription) Hong Kong
" <P>These were the key tactics employed by Mao Zedong in guerilla warfare in 1928 and is now being put to use by Guangzhou Investment (GZI) the Hong Kong-listed property investment vehicle of the Guangzhou municipal government. <P>Applying the same principles to investing in the property market has proven correct during the roller-coaster ride of the market over the past two years said He Zili the executive director of GZI.
Fog causes chaos for air travelers
Shanghai Daily China
Fog also shut down the airport on December 16 delaying hundreds of flights. Urumqi International Airport the largest airport in Xinjiang Uygur Autonomous Region also saw heavy fog which reduced the visibility to 50 meters from 7pm on Saturday to early yesterday stranding 6000 passengers. More than 100 fights from Shanghai Beijing Guangzhou and other cities had to land at other airports in Xinjiang or neighboring Gansu Province while 16 flights to other cities were canceled according to the Xinjiang Airport Group. Three flights from central Asian countries were also forced to land at other airports it said. The airport reopened at about 5am when a flight from Guangzhou City landed. The airport and airlines provided free meals to passengers who were delayed for two hours and accommodation for those delayed for more than four hours. related storiesSafety stripsRUBBER strips have been added to platforms at the Century Avenue Station of Metro Line 6 to narrow the gap passengers have to cross.
Global crisis shifts holiday travel patterns of China migrants
Xinhua China
17 (Xinhua) — utside a temporary waiting room at the Guangzhou Railway Station a rail hub in south China a man sat with his mother and daughter on a duffel bag. Ahead of the three-generation family was a 1250-mile journey from the coastal area to their rural inland hometown of Hechuan Chongqing. They were making some of the estimated 2. 32 billion trips that will be taken during the Spring Festival the Lunar New Year holiday for family reunions.
Related from Abnthailandhotels: Best year ever to visit Thailand!
Written by admin on January 18th, 2009 with
no comments.
Read more articles on News.