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Second airport for Jeju Island

SINGAPORE - Hospitality consultant, HVS International, reports that South Korea announced its plan to construct a second airport in Jeju Island to cater to the rise in passengers fuelled by tourists from China. The US$3.5 billion project is scheduled for completion in 2025. Jeju Island received around 2,860,000 Chinese travellers in 2014.....

Lower wage increases in Asia

HONG KONG - Hong Kongers will see their salaries increase by an average of 4.5% again in 2016, according to the latest Salary Trends survey by ECA International. In general, the real wage increase in Asia is expected to be marginally lower than in 2015, with a decrease from 3.7% in 2015, to 3.1% in 2016....

Confidence shaken but strong

HONG KONG - Asia-Pacific CEOs believe prospects for business growth over the next 12 months are dimming fast. Business leaders have a number of concerns, according to PwC’s fifth annual APEC CEO Survey. Volatility in the financial markets this summer took a toll on CEO confidence with just 28% of business leaders being ‘very confident’....

BTA Report: SAFTA.

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