Editor’s note: Outlook is CNN's in-depth look at business climates around the world. To August 12, 2012, we’re focusing on Singapore.
Asia’s latest discount airliner takes to the skies Monday, with its inaugural flight from Singapore to Sydney.
Launched by Singapore Airlines, no-frills Scoot has already sold more than 100,000 tickets, according to The Straits Times. In its first year, it will offer flights on four Boeing 777 aircraft, linking Singapore with nearby countries, including Australia and China. Currently, tickets are available to the Australian cities of Sydney and Goldcoast, as well as Bangkok and Tianjin, China. FULL POST
(CNN) – Salarimen, throw on your Hawaiian shirts: it’s that time of year again in Japan. “Super Cool Biz,” the Ministry of Environment’s annual energy reduction campaign, officially launches Friday across the country.
To reduce electricity use in corporate workplaces, Super Cool Biz encourages office workers to eschew their usual black suits for lighter clothing, including Hawaiian shirts, polo shirts, T-shirts, jeans, and sandals.
The campaign has been an inadvertent boon to clothing retailers, who have not only increased their stock of these items, but also specially designed garments for the season. FULL POST
(CNN) – Despite the financial crisis and the implosion of businesses like Enron over shady business practices, senior executives are now more likely to pay bribes to win business, according to a survey by Ernst & Young.
Of the nearly 400 CFO’s polled from November to February, 15% would make cash payments to win or retain business – up from 9% two years ago.
Japan has won back its top spot as the most important partner of the United States in Asia, moving China to the second spot, according to an opinion poll of the "general public" conducted in the United States.
The survey asked 1,200 people in the continental United States to select the most important U.S. partner from a list that included Japan, China, Russia, India, Korea and Australia.
(CNN) – On Sunday, Robin Gibb of the Bee Gees passed away from cancer, adding to a series of untimely deaths of fading music icons over the last few months.
The Bee Gees enjoyed their heyday in the late 1960s and 1970s with disco hits such as “Saturday Night Fever,” “Staying Alive,” and “How Deep is Your Love.” While the group’s popularity declined over the following decades, Robin Gibb’s death will breathe new life into the group’s record sales in the United States, if history is any indication.
Soundscan, which provides data on U.S. record sales, won’t have data on Bee Gees sales until next week. But Gibb’s passing follows the death last week of another 1970s legend, ‘Queen of Disco’ Donna Summer.
(CNN) – Which platform is better to advertise on, Google or Facebook?
On Tuesday, General Motors announced it will stop paid advertising on Facebook. "This happens as a regular course of business and it's not unusual for us to move things around various media outlets," the company said in a statement. But coming the week Facebook has its initial public offering, the announcement is raising more than a few eyebrows and begs the question:
Is Facebook really worth $100 billion?
WordStream, a U.S.-based search engine marketing company, released a study Tuesday comparing the advertising influence of display ads on Google versus ads on Facebook. The results: While Facebook is good, Google is better.
(CNN) – Dust off your old comic books: a collector has sold a near-mint copy of the first issue of the Batman comic book for a whopping $850,000.
The seller reaped a stunning return on investment, after paying $315,000 for the No. 1 issue two years ago, according to the auctioneer. The comic book was priced a mere 10 cents when it was published in 1940.
The sale to an investor partnership was arranged privately by Dallas-based collectibles auction house, Heritage Auctions. The identities of the buyer and sellers have not been revealed.
Playing on nostalgia, vintage comic book sales have been on the rise in recent years. A rare comic book collection reaped Heritage Auctions over $8.9 million in February, breaking the company’s own world record of $6.03 million from May 2011. According to Heritage, comic auctions grossed no more than $2.2 million when the company began auctioning comics over a decade ago.
(CNN) – As the “Queen of Burlesque,” Dita von Teese has seduced audiences worldwide with high-class striptease – but some may know her best as the ex-Mrs. Marilyn Manson. Now von Teese is expanding into entrepreneurship with her new fragrance.
The burlesque dancer launched her perfume in “Dita von Teese” in the UK on May 1 after launching in Berlin in October.
Von Teese says her perfume will not be for everyone – although she said her marketing people wouldn’t allow her to put an 18-and-over age restriction on the product. “I want you to think this is the perfume for a seductress, for the wicked city woman. This is not for the girl next door,” she told CNN’s Richard Quest.
(CNN) Every three years city officials here in Vancouver comb the street corners, counting each and every person who doesn't have a home.
In 2011 they tracked down 2,623 people sleeping rough.
Housing is at a premium in Vancouver. Prices are the highest in Canada and affordable homes are in demand. This is North America's most expensive city, according to the Economist. The pressure for housing is a large part of the homelessness equation.
(CNN) – Former Guns N’ Roses bassist Duff McKagan – rebounding from his “Appetite for Destruction” that cost him his pancreas (and nearly his life) – now has an appetite for investment.
McKagan has launched a financial management firm for musicians, educating fellow rockers on how to manage their own wealth.
“You have no experience of money and if you suddenly get a million or two million dollars or more, you’re just in foreign territory,” McKagan told CNN’s Richard Quest. “If you’re a millionaire, there comes a point when you are too embarrassed to ask: What is a mortgage, what’s a bond, what’s a stock?”
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