Showing posts with label globalization. Show all posts
Showing posts with label globalization. Show all posts

Tuesday, October 14, 2014

20141014 BBC_Universal to open theme park in China

Marvel comics hero Spiderman poses for the press at the Universal Studios in JapanUniversal Studios is set to open its first theme park in China

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Universal Studios will open its first $3.3bn (£2bn) Chinese theme park after 13 years of trying to enter the booming entertainment market.
Hollywood director Steven Spielberg will help design the Beijing Universal park, the company said on Monday.
The park is being developed with local state firm Beijing Tourism Group.
Universal is the latest US firm to enter China's fast-growing entertainment sector after rivals Walt Disney and DreamWorks Animation.
The company did not say when the theme park would open, but reports say it will be in 2019.
Both Disney's $4.4bn theme park and DreamWorks' $3.1bn entertainment complex with Chinese partners are expected to open in 2016 in Shanghai.
Film studios are in a big rush to build theme parks in the world's second-largest economy as a rapidly-growing middle class is spending more money on entertainment and travel.
In April, Disney said it was increasing investment in its Shanghai Disney theme park by another $800m after striking a deal with a Chinese joint venture partner.
Growth in China's entertainment and media market is expected to more than double from 2013 to $148bn by 2015, according to a PricewaterhouseCoopers global study.

20141015 BBC_KFC to open first Myanmar outlet in 2015

Crowds outside a new KFC restaurant in ChinaThe KFC franchise is a popular label for parent company Yum! Brands

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KFC's parent company, Yum! Brands, has teamed up with Singapore-listed Yoma Strategic Holdings to bring the franchise to Myanmar, also known as Burma.
Both parties are aiming to open their first KFC restaurant there in 2015.
US-based Yum! says the move reflects the firm's "global strategy of expansion in emerging markets".
KFC sees Myanmar as "an important emerging Asian economy with a population of 50 million people".
Those comments were made by KFC's chief executive Micky Pant in a statement.
Yoma Strategic Holdings is an investment holding company based in Singapore, with various business interests in Myanmar that span across several industries, including real estate, agriculture and tourism.
Serge Pun, Yoma's executive chairman, pointed out that chicken was a staple protein in Myanmar.
Mr Pun added: "Bringing KFC to Myanmar is an important step to achieving Yoma Strategic's goal in being a key player in the country's food and beverage sector."
Yoma also said the company was "keen to tap into Myanmar's growing consumer class that is forecast to grow from 2.5 million today to 19 million in 2030, potentially tripling consumer spending".
Emerging growth
KFC's chicken-based menu ranks among the fastest growing brand for Yum! whose other restaurants in the group include Pizza Hut and Taco Bell.
Yum! Brands earns about $13bn (£8bn) in annual revenues.
Earlier this year, KFC tapped into another emerging market and opened its first store in Bolivia in July.
The parent company Yum! has said that it plans to invest $10bn with franchise partners in emerging markets, in order to have more than 20,000 KFC restaurants operating in those markets by 2020.
According to company figures, there are currently some 14,000 KFC restaurants in emerging markets, including China and India.
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Sule Pagoda, Yangon, MyanmarMyanmar recently opened its doors and economy to welcome foreign investment
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Analysis: Jonah Fisher, BBC News, Myanmar
It's hard to walk a block in central Bangkok without coming across a Starbucks or McDonald's.
In Yangon, the opposite is true.
Small teashops still clutter the pavement, selling sweet tea, coffee and Burmese snacks for patrons to nibble on as they read the papers.
That's not to say there hasn't been change. Large malls are being built and Asian franchises in particular are setting up.
There's now a Freshness Burger (Japan) next to the glittering Schwedagon, a Manhattan Fish Market (Singapore) on the Strand and fast-food chains Lotteria (S Korea) and Marrybrown (Malaysia).
This deal is between KFC's holding company Yum! Brands and a man some call Myanmar's "Mr Clean".
The white-haired Serge Pun heads a sprawling conglomerate that includes property interests and an airline.

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20141015 BBC_Ebola crisis: Outbreak death toll rises to 4,447 says WHO

Health workers in protective equipment near Rokupa Hospital, Freetown on 6 October 2014.The WHO says a slowdown in the rate of new cases in some areas may be due to behavioural changes
The death toll from the Ebola virus outbreak has risen to 4,447, with the large majority of victims in West Africa, the World Health Organization (WHO) says.
WHO assistant director-general Bruce Aylward also said there could be up to 10,000 new cases a week within two months if efforts were not stepped up,
But the rate of new infections in some areas has slowed down, he added.
Sierra Leone, Liberia and Guinea have been hardest hit by the outbreak.
There have been 8,914 cases overall, including the fatal cases, and the WHO says it expects this number to top 9,000 by the end of the week.
The WHO estimates its figures by taking the numbers of confirmed cases and multiplying them - from Guinea by 1.5, from Sierra Leone by 2 and from Liberia by 2.5 - to account for under-reporting.
In other developments:
  • The UK begins Ebola screening at London's Heathrow airport
  • A medic working for Sierra Leone's army at a peacekeeping training centre in Freetown tests positive for Ebola
  • A "site manager" is appointed at the Dallas hospital where a nurse was infected, with the task of supervising how workers put on and take off protective clothing
  • The US Centers for Disease Control and Prevention has set up an immediate response team to travel to any US hospital where Ebola is diagnosed, to hit the ground "within hours"
  • A UN health worker, originally from Sudan, dies in Germany after contracting the disease in Liberia
  • Facebook co-founder and chief executive Mark Zuckerberg says he and his wife, Priscilla Chan, are donating $25m (£16m) to fight Ebola
  • A Spanish nurse - the first person to contract the disease outside of Africa - remains in critical condition, although doctors say there are signs of improvement
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Ebola patients treated outside West Africa*
Map showing Ebola cases treated outside West Africa
*In all cases but two, first in Madrid and later in Dallas, the patient was infected with Ebola while in West Africa.
  • Avoid direct contact with sick patients as the virus is spread through contaminated body fluids
  • Wear goggles to protect eyes
  • Clothing and clinical waste should be incinerated and any medical equipment that needs to be kept should be decontaminated
  • People who recover from Ebola should abstain from sex or use condoms for three months
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Still spreading
Mr Aylward told reporters in Geneva that the WHO, which is the UN's health agency, was concerned to see the virus was still spreading in the capitals of the three worst-affected countries.
He said the death rate in the current Ebola outbreak was 70%, describing it as a "high-mortality disease".
He said 95% of cases were limited to areas in the "historic epicentre" of the outbreak, where the rate of new infections appeared to be slowing.
However, he stressed that it would be too early to read this as success.
The latest WHO projections suggested there could be between 5,000 and 10,000 cases a week in Guinea, Liberia and Sierra Leone by December.
"It could be higher, it could be lower but it's going to be in that ballpark," he said.
"In certain areas we're seeing disease coming down, but that doesn't mean they're going to go to zero."
'Must do more'
Countries neighbouring the three worst-affected states are "at risk" and it is important for them to prepare for the possibility of Ebola cases, the WHO said.
The head of the UN mission for Ebola response, Anthony Banbury, also issued a stern warning - telling the UN Security Council by video-link from West Africa that in the race to contain Ebola, the virus was winning.
"If we do not get ahead of the crisis, if we do not reach our targets and the number of people with Ebola rises dramatically as some have predicted, the plan we have is not scalable to the size of such a new crisis," he said.
"We either stop Ebola now or we face an entirely unprecedented situation for which we do not have a plan."
Also on Tuesday, US President Barack Obama said that "the world as a whole is not doing enough" to contain the Ebola threat.
He was speaking at the end of a meeting with about 20 US and allied military leaders primarily focused on the threat from Islamic State militants.
He said the US would continue to do its part but added: "Everybody's going to have to do more than they are doing right now."
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Ebola deaths: Confirmed, probable and suspected
Ebola infograph
Source: WHO
Note: figures have occasionally been revised down as suspected or probable cases are found to be unrelated to Ebola. They do not include one death in the US recorded on 8 October.