Prada sees second-hand fashion as opportunity, weighs partnerships

Italian fashion group Prada sees opportunity in the booming second-hand fashion sector which it can develop both in-house and through partnerships, marketing chief and heir designate Lorenzo Bertelli told Reuters.

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Prince Charles sees Barbados become new republic

Barbados celebrated becoming a republic Tuesday night with a 21-gun salute and a parade featuring giant puppets. (Nov. 30)

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Thailand sees gradual tourism recovery a month after reopening

Almost a month after reopening, Thailand is starting to see signs of recovery in its battered tourism industry. Hotels have reported a jump in bookings, with 70% of them from visitors from the Middle East, Europe, the UK and Asia. Thailand is expecting 200,000 foreign tourists to visit this year, and five million travellers in 2022. Despite the reopening, some businesses said COVID-19 restrictions are making it hard for them to bounce back. A ban on alcohol consumption after 9pm remains in place.

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Finance Sec. Dominguez sees 2021 GDP hitting ceiling of target

Finance Sec. Sonny Dominguez says the country’s economy will fully re-open early next year as COVID-19 cases decline, highlighting the Philippines’ strong financial position. Mobile journalist Pamela Vasquez wraps up the BusinessWorld Economic Forum 2021.

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Thailand sees gradual tourism recovery

Thailand was among the first countries in Asia to reopen for foreign arrivals, and it is seeing a gradual recovery as tourist slowly return. But Bangkok’s normally bustling Khaosan Road is still nowhere near its usual self.

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Best Buy sees weak holiday sales

Best Buy projected quarterly sales below market estimates, a sign that shortages of electronic products would hamper its business during the crucial holiday season.

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Bankers group sees ‘good competition’ with entry of digital banks

Bankers Association of the Philippines President and Chairperson Jose Arnulfo Veloso says they welcome the competition from emerging online banks, explaining that traditional banks have proven to be sustainable in the long run.

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Banks sees decrease in non-performing loans as economy opens up

Bankers Association of the Philippines President and Chairperson Jose Arnulfo Veloso says they see a decrease in the number of non-performing loans as the economy opens up. Veloso adds that banks are willing to loan money to small businesses looking to reopen.

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