Forbes Asia January/February 2018

Forbes Asia chronicles entrepreneurs, executives and companies throughout Asia.

País:
United States
Idioma:
English
Editor:
Forbes Media LLC
Periodicidad:
Monthly
USD 8
USD 79.99
13 Números

en este número

2 min.
the next 100 years

As we embark upon the new year, I would like to reflect on the highlights of 2017. It was certainly a memorable year as Forbes marked its 100th Anniversary. To commemorate this milestone, Forbes Asia published a special centennial issue in September, featuring portraits and quotes from 100 great business minds. Photographed by the renowned Martin Schoeller, they included Li Ka-shing, Masayoshi Son, Dhanin Chearavanont, Lee Shau Kee, Charoen Sirivadhanabhakdi, Tadashi Yanai, Terry Gou and Ratan Tata, among others. It was also the largest Forbes Asia ever, in pages (234) and in revenue. In conjunction with a Centennial Celebration, the 17th annual Forbes Global CEO Conference took place in Hong Kong on September 26–27 under the theme of The Next Century. Hong Kong’s Chief Executive Carrie Lam graced the celebration and participated…

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1 min.
readers say

CONVERSATION OUR GADGETMAN columnist, Ben Sin, though not generally an Apple fan, was bowled over by the iPhone X in his December review (“A New Convert,” December, p. 22). Reader John Fish is no acolyte, writing on Forbes.com that “The iPhone X is a flawed, overrated and overpriced device. Why would I pay $1,200 for a device that cost $360 to make when other vendors offer equivalent products at $600? Even if the iPhone was genuinely better no one can convince me it’s that much better. All the flagship phones will do everything you want and they’ll do it well. I’m not interested in the Apple bubble—it’s for fools.” Added “Heart O’ Texas”: “Will never convert me because I can’t stand IOS! I’m very happy with my Android devices that do…

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3 min.
the gop forgot tax cutting 101

TWO REMARKABLE things stand out— for their absence—from the drawn-out, convoluted Republican tax-bill exercise. One is somewhat arcane but absolutely critical to effective tax policy (Ronald Reagan understood it); the other is astonishing, given all the GOP verbiage on the importance of investing and the alleged need for “revenue offsets” for most of their cuts. • Marginal tax rates. This is the tax rate you pay on your next or additional dollar of income. Ronald Reagan, John Kennedy, Jack Kemp and other wise tax cutters of the past grasped the significant fact that the marginal tax rate is what matters most to individuals and businesses in their decision making on whether to work to earn more or where to invest. Take an extreme example that makes the point: Say someone makes…

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2 min.
the forbes 2017 four-star and classic eateries in new york

Aska Atera Bâtard Blue Hill Daniel Del Posto Eleven Madison Park Gotham Bar and Grill Gramercy Tavern The Grill Jean-Georges La Grenouille Le Bernardin Majorelle Marea The Modern Per Se Daniel is still stunning and hard to beat in a town of exceptional dining. At Majorelle you will be served—impeccably—one of the best meals you’ve had in ages, traditional French fare with Moroccan influences and a contemporary flair, in a classically appointed dining room with magnificent floral arrangements in the Masson family tradition. Forget dieting—desserts here are an absolute must. Another new source of a most memorable meal is The Grill, which occupies part of the space of the old Four Seasons. Walking into this landmark is like seeing an old friend who’s discovered the fountain of youth. It’s dinner as theater: superb food that doubles as outstanding art. Like the musical Hamilton, this show is expensive—and…

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7 min.
wicket thicket

When Star India in September won the global broadcast and digital rights for the Indian Premier League (IPL) with a whopping $2.55 billion bid, the company assumed it had hit a cricket century. However, while gaining the world’s richest domestic Twenty20 competition, the Rupert Murdoch-owned company has been under fire from various quarters, including billionaire Subhash Chandra and India’s broadcast ministry. They either want a piece of Star’s pie or for it to lose the rights altogether. At stake is a key chunk of India’s $20 billion media and entertainment business. Star’s potentially biggest threat comes from the country’s broadcast minister Smriti Irani, a popular TV actress turned politician who became a household name through several shows on Star before the company pulled the plug on them. Irani’s ministry proposed late last year…

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3 min.
dial a for acquittal

In a much-awaited ruling, a court in New Delhi pronounced in December that all the accused in India’s so-called 2G telecom scam were not guilty as it hadn’t found sufficient evidence to prove criminality. The 1,552-page verdict slammed India’s Central Bureau of Investigation (CBI); the judge said that he had waited for seven years “for someone with legally admissible evidence. Not a single soul turned up.” The CBI said it would pursue legal remedies. The case pertains to the 2008 sale of 2G telecom spectrum, which the prosecution had alleged was done at well below market price and was tainted by corruption. Telecom licenses had been granted on a first-come, first-served basis based on an auction price established in 2001. A 2010 report by India’s Comptroller & Auditor General had caused…

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