In the heat of the night – Racing at over 180 mph through Asia’s financial heart

The idea was to lure both the world‘s jet-setters and well-heeled tourists. And indeed, thousands of Asian millionaires have already found asylum here, drawn by Singapore‘s wealth-friendly tax system and huge government spending to jack up the general standard of living. Outsized floodlights turn darkness to light for nightshift construction workers from every country you…

Cloudy skies for business jets?

BOMBARDIER MARKET REPORT CAUTIOUSLY OPTIMISTIC [portfolio_slideshow]   Movements in the Morgan Stanley Capital International (MSCI US) Index are reflected with virtually no time-lag in the sales charts for business jets. All the indicators suggest that 2009 and 2010 will be difficult years. Accordingly, Bombardier is expecting a sharp drop in the number of machines sold.…

The pique of excellence – Abu Dhabi reaches for the stars

[portfolio_slideshow] For years, the capital of the United Arab Emirates stood in the ­shadow of Dubai. The latter seemed literally to be exploding out of the desert. Its stellar rise to become the foremost financial and service hub in the Middle East initially captured the attention only of the international business press, however. No longer:…