Tag Archives: japanese
Regulation and tax set to impact property markets in Asia Pacific region
Monetary policy, tax, regulations and underlying fundamental drivers such as demographics and urbanisation will have a significant impact on property markets in the Asia Pacific region, according to the latest real estate analysis. The region’s economies are moving at multiple speeds with differing drivers and local dynamics, producing quite a wide range of housing market performance indicator, says the Asia Pacific residential review from international real estate firm Knight Frank. ‘Economic growth can certainly be a reasonable lead indicator as to which way housing markets will go,’ said Nicholas Holt, head of research for the Asia Pacific region. He also pointed out that despite facing many headwinds, the International Monetary Fund is forecasting stronger growth in 2015 for six out of the 11 major countries in the region. ‘While this should be a positive sign for home owners or investors, the reality is that in many cases there has been a divergence between short term economic growth and market performance,’ he added. The report reveals that since last November, the People’s Bank of China has cut interest rates three times, contributing to the first month on month increase in house prices in May this year, after falling for 12 consecutive months. Other countries such Australia, India and South Korea are also pursuing expansionary monetary policy. It points out that with further interest rate rises inevitable in the slow moving market of Singapore, cooling measures introduced previously could start to be reviewed by the government. China and New Zealand have already seen similar moves. And the likely extension of luxury tax and introduction of a super luxury tax have already started to impact market behaviours in Indonesia, as has the announcement of a new capital gains tax scheme in Taiwan. The report also points out that it is not just China that has seen the increasing influence of policy interventions in residential markets, whether fiscal, monetary or regulatory. In New Zealand, for example, authorities have stepped in over recent years. ‘Perhaps now more than ever, property market observers are looking to policy makers, whether Janet Yellen at the Federal Reserve, the Singapore government, the Reserve Bank of Australia, the People’s Bank of China or the Japanese government for clues about how markets will perform. We can expect more of this going forward,’ explained Holt. In Hong Kong the supply of land for development has affected the property market and the report says that until supply catches up with demand the upward pressure on prices will continue in what is already one of the costliest property markets in the world. Indeed, house prices in Hong Kong have continues to defy the ongoing cooling measures by rising 8.4% in the 12 months to the first quarter of 2015, the highest annual price growth in the overall market since the second quarter of 2013. The report suggests that the Reserve Bank of Australia’s recent decision to hold interest rates followed two 25 basis point cuts in the official… Continue reading
General Shaikh Mohammed: UAE-Japan ties an ever-evolving one
General Shaikh Mohammed: UAE-Japan ties an ever-evolving one (Wam) / 26 February 2014 Abu Dhabi Crown Prince says the leadership of both countries have been keen to promote and develop relations in various fields. General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has said that the UAE-Japan relationship represents an “ever-evolving” model. Ever since the establishment of diplomatic ties in 1971, he said, the leadership of both countries have been keen to promote and develop relations in various fields in a way that achieves the interests of the two countries and enhances the prosperity of their peoples. General Shaikh Mohammed bin Zayed speaks with Miyazaki, Vice-Chief of the Meiji Shrine at Yoyogi park in Tokyo during his two-day visit to Japan on Tuesday. Emperor Meiji (November 3, 1852 – July 30, 1912) or Meiji the Great was the 122nd Emperor of Japan — Wam On his arrival at Tokyo Haneda International Airport, General Shaikh Mohammed was accorded a warm welcome by Japanese Crown Prince Naruhito. General Shaikh Mohammed in a press statement expressed hope that his official visit to Japan will contribute in achieving a “quantum leap” in the march of bilateral relations. He hoped the visit would serve as an important occasion to exchange views on current developments and work on exerting every possible effort in support of peace and stability in the region. Visit signifies progress of relations: Japan minister General Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said he is looking forward to take bilateral relations between the UAE and Japan to a new era where the two countries can share expertise and experiences in areas of education, scientific research, physiotherapy, industry, technology and renewable energy. General Shaikh Mohammed made his remarks during a meeting on Tuesday in Tokyo with Toshimitsu Motegi, Japan’s Minister of Economy, Trade and Industry. The meeting was also attended by Shaikh Abdullah bin Zayed Al Nahyan, UAE Foreign Minister, and Shaikh Hamed bin Zayed Al Nahyan, Chief of Abu Dhabi Crown Prince’s Court. The two sides discussed ways of enhancing friendly ties between the two countries as well as an array of issues of common interest. The Japanese minister welcomed General Shaikh Mohammed and his delegation, stressing that the trip signifies the progress of bilateral ties in all fields. He expressed Japan’s “sincere desire” to expand cooperation with the UAE and generate new opportunities for joint projects. The leadership of the UAE and Japan, he affirmed, are keen to strengthen these ties for serving mutual interests. The meeting was attended by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy; Khaldoon Khalifa Al Mubarak, Chairman of Abu Dhabi Executive Affairs Authority; Nasser Ahmed Al Suweidi, Chairman of the Abu Dhabi Department of Economic Development; Shaikh Sultan bin Hamdan Al Nahyan, Advisor at the Ministry of Foreign Affairs and Director of the Department of East Asia and Pacific; Mohammed Mubarak Al Mazrouei, Under-Secretary of the Abu Dhabi Crown Prince’s Court; Abdullah Nasser Al Suwaidi, Director-General of Abu Dhabi National Oil Company; and Saeed Ali Yousef Al Nowais, the UAE Ambassador to Japan. “I can only express my happiness at visiting the friendly country of Japan and meeting with His Majesty Emperor Akihito of Japan and Shinzo Abe, the Prime Minister, and (other) Japanese officials. On this occasion, I would like to convey the greetings of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, to His Majesty the Emperor and the Prime Minister and his wishes for Japan for further progress and prosperity,” he said. “I have come back today to Japan after my visit in 2007, demonstrating that relations between the two countries are based on a strong foundation driving it forward to further growth and development in all fields and to serve the common interests of the two countries and the two friendly peoples. It also confirms that the relations between the two countries are strategic and necessary for the continued progress and prosperity for our peoples. “The UAE, led by Shaikh Khalifa, is keen to strengthen its external partnerships and establish special relations with the countries of the world in all fields, and Japan is of particular importance as it represents a successful development model,” he said. General Shaikh Mohammed pointed out that the ties between the two countries have seen a quantum leap over the past few years. This, he said, has culminated in the signing of several cooperation agreements in a number of areas with the aim of strengthening economic relations and the development of trade in the goods and services sector, and developing investments between the two sides. “There is outstanding cooperation in the scientific and academic fields between the two countries, as many of our Emirati students are completing their higher studies in Japan. In the future, we are seeking to promote this approach in order to maximise the benefits of scientific and technological renaissance taking place in Japan. This will help in building a base of Emirati cadres in the field of modern science and technology to serve the march of development and progress in the UAE,” he said. General Shaikh Mohamed explained that the UAE and Japan today possess many opportunities for developing bilateral relations and strengthen strategic partnerships. He pointed out that the UAE aims to boost its knowledge-based economy and benefit from different experiences in the world, especially those of Japan, as it represents a gateway to the markets of the Middle East and North Africa. Japan, he said, is currently the first trade partner in the region for many countries around the world. He also highlighted that Japan is the world’s third largest economic power and has enormous expertise in the industry and technology sectors. For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
When the abaya becomes a style statement
When the abaya becomes a style statement Dhanusha Gokulan / 17 February 2014 Emirati designer’s bold take on the dress gets international recognition . The ‘abaya’ or a cloak is a simple, loose over-garment, essentially a robe-like dress worn by women in parts of the Muslim world. At least that is how the Internet defines the abaya. But for Lamya Abedein who specialises in creating chic, wearable, and fashionable abayas, the dress means much more. “Perhaps I would have to write a book on what the abaya means to me. I cannot explain it in a few words,” laughs the Emirati and owner of designer label Queen of Spades. Khaleej Times caught up with this extraordinary self-taught designer and multi-tasker who juggles between being a successful businesswoman, a supportive wife, and a doting mother of three children. Lamya is someone who has customised, or changed the way the Arab world perceives an abaya. She has steered clear of the ‘all black, and sequins at the hem’ kind of designs. Her designs have seen reflections of a unique form of traditional wear like the Indian saree, the Japanese kimono, and sometimes pantaloons, too. She is one among the first Emirati woman and designer to have been recognised by international designers and have her abayas exhibited in international stores like Galeries Lafayette and Harvey Nichols. Perhaps it is her bold take on her designs that caught international attention. Who would’ve dreamt of fur or a brightly coloured belt on an abaya? Take her Betty Boop collection launched in 2010 for example. She adorned it with polka dots, heart-shaped leather frills, detachable aprons, and long red sleeves. “My designs suit the tastes of the cosmopolitan woman. It is for everyone and it is so because, the abaya is a very cool thing to wear,” said Lamya. “It is not just for the women in the Arab world. You can add shawls, belts, colourful pockets and accessories on an abaya. I got a lot of flak for adding a belt on the abaya, because it brings out the shape of a woman. But you push the limits, every single day,” said Lamya. Small beginnings Lamya’s love for fashion began at a very young age and she took a lot of inspiration from her grandmother. “I would sometimes change my school uniform to make it look more fashionable. I used to wear below the knee length skirts, sometimes turn them around my school pants to look like three-quarters, and sometimes try on cowboy pants, as well. I was a very shy child in school,” she said. After graduating with a bachelors degree in Business Administration from Higher Colleges of Technology, Lamya travelled and lived in several countries across the globe with her husband. “When in college, I worked as an HR consultant for special needs children. I had worked with special needs schools across the UAE and I had placed several children across various companies in Dubai. Of all the things I’ve done, this is something I will be most proud of,” said Lamya. “But the real jolt to create a fashion line and make a business out of clothing began when I was staying in Jeddah, Saudi Arabia,” she said. Abaya fabrics from KSA hold something of a fascination for most women across the GCC. “The fabric has a very dark shade of black and it looks very distinguished,” said Lamya. “I began designing abayas for myself and people would love seeing it on me. Slowly I began custom-making them for people I knew and eventually I decided to turn it into a business,” she added. Queen of Spades “I decided to name the company Queen of Spades, because I refer to women wearing by abayas as Queens. They are special, and one of a kind,” said Lamya. A lot of her designs have vintage-inspired elements, including pop colours and antique embellishments. “I love recreating dresses from the 50s and 60s. I love playing with fabrics, as well. I’ve used fleece, jacards, brocades, dyed fabrics, cotton mix, and, brocades,” she added. For the 40th National day celebrations of the UAE, Lamya created a 40-metre-long abaya which was showcased atop the helipad of Burj Al Arab. Lamya said: “My experiences in travelling has helped me a lot in what I am doing right now. Dubai has a very cosmopolitan environment and I am really happy that I can serve my country.” Operational since 2009, Queen of Spades is something like Lamya’s fourth baby. “I spend a lot of time with my children. I have two sons and a daughter, and I can proudly say that I don’t send them to tutors. I teach and sit down for homework with them myself,” said Lamya. When asked if she was ever worried about running out of ideas, Lamya asked: “How can anyone, who is constantly learning, and educating themselves run out of ideas?” dhanusha@khaleejtimes.com For more news from Khaleej Times, follow us on Facebook at facebook.com/khaleejtimes , and on Twitter at @khaleejtimes Continue reading
