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India, which has among the world's deadliest roads, on Saturday proposed mandating at least six air bags in all passenger cars manufactured from Oct. 1. The government wants automakers to provide two side air bags and two curtain air bags, to protect those seated in the rear seats, in addition to the already required two air bags for all vehicles. The side air bags are to "help mitigate primarily torso injury" during a side crash, while the curtain air bags would "deploy in a side impact crash or roll over to help mitigate primarily head injury", the ministry of road transport said in a notification.
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The firm is viewed as a bellwether for contagion risk
The Philippines is buying 32 S-70i Black Hawk helicopters from Poland-based Sikorsky Aircraft subsidiary PZL Mielec to beef up its existing fleet of 12, the country's defence chief said on Sunday, as it seeks to boost its disaster response capabilities. Defence Secretary Delfin Lorenzana said a notice of award was issued on Dec. 28 for the purchase of brand new helicopters under a project that comes with logistics support and a training package for pilots and maintenance crew at a cost of 32 billion pesos ($624 million). The contract was now being drafted, with the delivery of the first five units expected in 2023, Lorenzana said on Facebook.
The threat of the omicron variant is becoming real for many of Asia’s biggest countries, and that’s complicating investors’ search for winning share bets in the region.
Higher interest rates suggest a healthy economy, but they also have a deflating influence on how future profits are valued.
Foreign acquisitions by real estate investment trusts in Singapore jumped to an all-time high of 61 last year, data compiled by Bloomberg show.
"Asia will be better braced to cope with omicron waves, which may prove to be more short-lived."
This attractive asset class can open the door to a secure and comfortable retirement for you. The post How REITs Can Help You to Enjoy a Comfortable Retirement appeared first on The Smart Investor.
Asian investors started the week on a cautious note Monday as they assessed the outlook ahead of an expected series of interest rate hikes by the Federal Reserve, while data showed growth in China's economy slowed at the end of last year.
China has made progress in cleaning up non-compliant wealth-management products (WMPs), a senior regulatory official said on Saturday, as he declared a transition period in a years-long clampdown on the sector "basically complete". WMPsare investment vehicles marketed by issuers including banks and property developers to retail and corporate investors, often paying yields far higher than deposits. Cao Yu, vice chairman of the China Banking and Insurance Regulatory Commision told a forum in Beijing that non-compliant short-term wealth management products and products with principal guarantees had been eliminated by the end of 2021.
Apple is considering pushing back the debut of its mixed-reality headset by at least a few months, potentially delaying its first major new product since the Apple Watch in 2015.