The shipping industry has continued its adjustment in the wake of the 2008 financial crisis, the attendant global economic slowdown and lingering overcapacity. While short-term outlook appears dim, long-term outlook remains sanguine with seaborne trade expected to double by 2030. As a maritime services centre, Hong Kong needs to reinforce its offerings despite the downturn.
While wearables and the Internet of Things remain hardy perennials on the electronics industry's list of bankable products, going wireless, for both data connectivity and battery charging, is expected to make a real impact this year.
As the most advanced economy in Central Asia, oil-rich Kazakhstan leads the region in terms of GDP and purchasing power, while also acting as a key business and logistic hub linking China and Europe. As the host of Expo 2017, the first World’s Fair in Central Asia, and the newest WTO member (as of 30 November 2015), Kazakhstan is seen as having huge potential, especially if it succeeds in its ambitious upgrade to its global connectivity.
Eight years ago, Clockenflap was a small gathering of music and art lovers. Now the festival is one of the major events on the Hong Kong cultural calendar, with plans to export the formula abroad. Martin Haigh, Chief Sales Officer of Magnetic Asia, the festival's parent company, explains how the event came about and how to create a cultural happening that appeals to all of Hong Kong's diverse population.