The Effects Of Brexit On London Financial Firms

Prime Minister Theresa May has outlined her plans for Brexit but a major law firm has warned that if London pulls out of the European single market, there will be serious implications for the city. However, Simon Gleeson said that the effects will not be fatal because London will remain to be Europe’s financial centre for a short term. This will ensure that negotiations for market access and regulatory cooperation will be less difficult for Great Britain and the European Union.

London financial firms are waiting whether the United Kingdom can hold on to its passporting rights to allow them to trade freely with the EU. Since the Brexit vote, banks have issued stern warnings that thousands of jobs may shift to their rival financial centres in Europe or the United States if the UK loses its right to sell financial services to the EU.

If the United Kingdom loses it passporting rights, US banking giant JP Morgan said that about 4,000 jobs will be leaving the UK. Goldman Sachs has threatened that it will move 2,000 roles. HSBC has also claimed to transfer 1,000 positions from London to Paris.

According to Xavier Rolet, the chief executive of the London Stock Exchange Group, the industry of financial services must be given a 5-year transition period after Article 50 is triggered. During the transition, timing is very crucial because forcing the industry to reconfigure itself before inter-government agreement may result into inefficiency and wasted costs.

In the sequence of events, inter-governmental agreement must come first before the financial industry responds to the decision. In reaction to Theresa May’s clarification of the future relationships between the UK and EU, Anthony Browne of the British Banker’s Association said that existing member states of the EU will ensure that there is a smooth exit so that there will be no cliff-effects particularly for the financial sector.

No map is more appealing than the London City Illustrated Map because of the creativity invested to ensure that it is aesthetically and visually appealing. By referring to an illustrated map of a city, a first-time visitor can easily find directions because the map focuses on well known landmarks and establishments.

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Behind The Price Tag Of Japanese Mudballs

Mudballs are viewed in many countries as something ordinary and its elegance often overlooked. A lot of people are missing out because dorodango mudballs are not only beautiful but the process of making them is quite fun. The smooth balls are formed by using a mix that is soil-based and then it is rolled by hand. The process alone can help calm the maker and the challenge lies in making a perfect shaped one because they are very fragile and can crack very easily. Achieving the perfect sheen can also be a challenge in making the mudballs.

The dorodango that are created by Kiyoko Miki looks like pretty jewels. They are available in different sizes. There are mudballs that have earth-like texture while there are those that have been painted with intricate designs.

According to Miki, 62 years old, she made some improvements with the traditional method used in making dorodango in order to let people feel more of the soil’s texture.

Miki started serving as the head of the jury that is judging the dorodango tournament held every year in Tokoname located in Aichi Prefecture.

Miki is a resident of Yokohama and learned how the art with the help of a plasterer named Shinkichi Enomoto. He is also making soil paintings with the aid of mud and towels instead of the traditional paint and brushes.

She is currently teaching dorodango classes wherein the students got the opportunity to learn about the technique she uses in plastering which is utilized in earthen walls.

The first thing that needs to be done when molding dorodango is to make sure the base material is ready. This is accomplished by mixing soil which is clay-based with straw as well as silica sand.

Miki said that the mudballs will remain soft unless clay-based soil is used in the process.

Silica is used to make sure the mudballs will be free from cracks while the straw is the binding material between the soil and sand.

Once the rolled mudballs are done, it is left to be dried under the sun for a number of days before it is recoated with the soil mix. This is done until the right form is perfected. A plasterer in Sydney and anyone interested can easily learn the skills in doing dorodango.

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Thailand’s New Retail Battlefields

This year, retail development is going to continue to expand with shopping malls pushing the retail space growth with drug stores, health and beauty as the latest retail battlefields.

New retail projects in Thailand

According to Surachet Kongcheep, the associate director of the Colliers International Thailand, there are 14 retail projects in the works in Bangkok and its districts this year. Of this total, seven are community malls, five are shopping malls, one is a retail plaza inside an office building, and one is a department store.

The new projects will create an area of 272,800 sq m of space. Of this total, 178,640 sq m is going to come from the shopping malls, 51,850 sq m will come from the community malls, 36,000 will come from the department stores and 6,310 sq m will come from office building retail spaces. As stated by the Thai Shopping Centre Association (TSCA), as of November 2016, retail space nationwide totalled to 18 million sq m, which came from 91 shopping projects.

Colliers mentioned that the seven community malls opening in the capital this year are ZY Walk Chula Soi 5 on Banthadthong Road, Canapaya on Ramma III Road, We Retail Nana on Sukhumvit Road, Happy Avenue Don Muang on Songprapa Road, Landmark Maachai on Rama II Road, Muang Thong City Park on Chaeng Watthana Road and Hyde Sukhumvit on Sukhumvit Road. The number of community malls opening this year is lower compared to the past years due to some community malls being less successful, according Mr Suracet.

Meanwhile, the only department store opening this year is Iconsiam with 36,000 sq m. Pearl Bangkok on Phahon Yothin Road is a retail space that has an area of 6311 sq m. Several small and big retail projects are also set to open in the provinces near Bangkok this year.

According to Chatrchai Tuongrattanaphan, the adviser to the Thai Retailers Association, the health and beauty industry is going to become the latest battlefield for 2017 since the country is moving towards an aging society and with people earning more, the demand also increases for this sector.

The health and beauty business last year is projected to value at greater than 280 billion baht. The Health and beauty stores are Watsons, Boots, Pure, Tsuruha, and Matsumoto Kiyoshi.

Conclusion

This is good news for Thailand’s growing industry. With the numerous projects about to rise, tourist arrivals will likely increase, too. Thus, the hotels will also benefit from this growth, such as the Sukhumvit hotels and other hotels near the locations of the new establishments.

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Vietnam’s High End Tourism Boom Due To Luxury Villas Along The Coast

There is a growing demand for urban property in Vietnam because of its strong economy and greater market transparency. Residential properties as well as hotel space have high demand because factories are bringing people into the cities. Services particularly tourism is seeing the biggest growth and now accounts for 44% of the economy.

Will Vietnam be the next China? The demographics are the same; it has a rapidly increasing middle class and an emerging Communist administration that is opening its doors to foreign investors. Some industries are relocating from China and this is resulting into Vietnam’s thriving economy. But Vietnam has a young population that is driving economic growth rapidly. When you travel around Vietnam, you will only see a few old people which puts the median age at 30. In China, the median age is 35. This means that bulk of Vietnam’s population is at the peak of productivity.

Ho Chi Minh City that used to be called Saigon is the second most popular market in Asia for residential property investments. Investors are focused on the small flats that have great appeal domestic buyers. Resorts are also mushrooming along Vietnam’s coast and usually include private villas in the development.

Most of the private villas face the sea or there is a swimming pool that can be shared by guests. For the price of $400,000 to $5 million, hotel developers are guaranteeing investors ROI of 6% to 10% annually. Vietnam has always been quite popular to backpackers but high end tourism is now being developed. Vietnam tourism hopes to attract visitors with thicker wallets and more money to spend. According to Knoema, Vietnam gains 13.9% of its economic output from tourism. Vietnam as a whole expects to continue with its tourism boom with 70% of the visitors spending time at the high end hotel rooms at the coast.

Many people would gladly stay at luxury pool villas in Hua Hin because they are near the beach. Hua Hin is one of the more popular tourist destinations in Thailand because of its seaside environment that is both relaxing and entertaining. You can sunbathe during the day and attend a beach party after dark.

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Addison Lee Acquires Flyte Tyme To Boost International Growth

Addison Lee has recently acquired Flyte Tyme, a US executive car firm for $25 million (£20.5 million) to boost its London-based cabbie into one of the largest global chauffeur companies in the world. New Jersey-based Flyte Tyme is the 4th largest executive car operator in the United States with its 375 drivers. The company generated at least $65 million in annual sales last year. With the acquisition of Flyte Tyme, Addison Lee will add airport transfers, event transport services, shuttle services and black car operations to its portfolio.

The deal with Flyte Tyme marks Addison Lee’s 10th acquisition within the last 6 years. The acquisition is part of a strategy intended to boost international growth and to be able to leverage on mobile app in cities outside London. Addison Lee hopes that with the acquisition of Flyte Tyme, it can compete with Uber ride-sharing services, a very stiff competitor in the transport industry.

Last July, Addison Lee acquired Middlesex-based up-market taxi company Tristar that has operations in 80 countries. A year earlier, Addison Lee acquired Cyclone VIP Cars and Couriers that is based in London. In order to strengthen Addison Lee’s existing business in North America, it acquired Flyte Tyme to boost its annual global sales to $400 million.

Addison Lee’s latest acquisition is an important moment for US private equity firm Carlyle Group because of the strong combination Flyte Tyme’s presence in North America with Tristar’s global operations. With Addison Lee’s digital booking platform, Carlyle Group can now be called the leader in ground transportation industry. For the very first time, ground transportation services will be globally managed from a single platform.

To think that Addison Lee started only from one car owned by ex-cabbie John Griffin in 1975 to grow into a fleet of more than 4,800 in Central London. 10 million passengers enjoy the services provided by the firm as they travel across the capital.

Travel from your hotel in Port Douglas to the Cairns airport can be daunting particularly if you are not familiar with the city. However, you have the option of Port Douglas shuttle bus to Cairns airport to enjoy a relaxing and comfortable journey.

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