More than 60 new brands, mostly luxury labels, will move into K11 Musea as part of a revamp to boost the shopping centre’s offerings, but an analyst has warned of a complicated external environment weighing on the retail sector’s prospects. These brands are set to join the Tsim Sha Tsui mall in a tenant overhaul covering about 30 per cent of its retail space, with operators expecting rents for the...
More than 60 new brands, mostly luxury labels, will move into K11 Musea as part of a revamp to boost the shopping centre’s offerings, but an analyst has warned of a complicated external environment weighing on the retail sector’s prospects. These brands are set to join the Tsim Sha Tsui mall in a tenant overhaul covering about 30 per cent of its retail space, with operators expecting rents for the revamped stores to rise by double digits. New or expanded flagship stores include Audemars Piguet, Balenciaga, Brunello Cucinelli, Delvaux, Loewe, Miu Miu, Prada, Rolex, Saint Laurent and Van Cleef & Arpels. Advertisement Several retailers have upgraded their shops into larger duplex spaces or expanded their floor area to include private lounges and services for VIP clients. Horace Lam, CEO of K11 Hong Kong, said the expansion reflected confidence among international brands in the city’s tourism recovery and its ability to draw high-quality visitors. Advertisement “We have seen a trend where visitors are coming not just for shopping but for concerts, exhibitions and other experiences,” Lam said. “These events bring travellers who are willing to spend.”
Goldman Sachs Group Inc . raised its oil price forecasts for 2026 due to the prolonged disruption of flows through the Strait of Hormuz, which it described as the largest-ever supply shock for global crude markets. Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note. The full-year outlook for West Texas Intermediate...
Goldman Sachs Group Inc . raised its oil price forecasts for 2026 due to the prolonged disruption of flows through the Strait of Hormuz, which it described as the largest-ever supply shock for global crude markets. Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note. The full-year outlook for West Texas Intermediate was hiked to $79 from $72, they said. The revisions rested in part on an assumption that flows through Hormuz would remain at only 5% of normal levels for six weeks, followed by a gradual one-month recovery, they said in the note dated March 22. Energy markets have been pitched into turmoil by the US-Israeli war with Iran, with hostilities now entering a fourth week with no sign of resolution. President Donald Trump handed Iran a two-day ultimatum to reopen Hormuz — which connects the Persian Gulf to global markets — or see its power plants bombed. Tehran threatened reprisals. Read More: How Iran War Is Disrupting Global Oil and Gas Supply: Explainer “The largest oil supply shock ever will likely lead policymakers and markets to recognize the structural risks from the high concentration of production and spare capacity in the Middle East and from the vulnerability of energy infrastructure,” the Goldman analysts wrote. On the physical side, while the shock was leading to tightness in Asia, commercial crude stocks in American and European OECD countries were still rising, as global supply exceeded demand before the war, they added. Crude-production losses in the Middle East will rise from 11 million barrels a day today to a 17-million-barrel-a-day peak, assuming a gradual four-week full recovery after full reopening, the analysts said. That would result in cumulative losses of just over 800 million barrels, they said.
Steps to narrow the gender gap in Malaysia and Indonesia appear to be falling short, after a major global study found that most people surveyed in both nations remain tethered to traditional views on the roles of women. The study by research firm Ipsos and the Global Institute for Women’s Leadership at King’s College London found that 66 and 60 per cent of respondents from Indonesia and Malaysia, ...
Steps to narrow the gender gap in Malaysia and Indonesia appear to be falling short, after a major global study found that most people surveyed in both nations remain tethered to traditional views on the roles of women. The study by research firm Ipsos and the Global Institute for Women’s Leadership at King’s College London found that 66 and 60 per cent of respondents from Indonesia and Malaysia, respectively, agreed with the statement that “a wife should always obey her husband”, the highest proportions across 29 countries surveyed. When asked a further question about their stance on whether husbands should have the final word on key decisions made at home, 67 and 58 per cent of respondents from Indonesia and Malaysia agreed, respectively, according to the study. Advertisement Over 23,000 people were surveyed from countries including Singapore , India, the United States, the United Kingdom and Brazil on gender roles and their views of norms in December and January this year, in a study timed for International Women’s Day published on March 5. The attitudes were “not particularly surprising,” said Mohd Faizal Musa, research fellow at the Institute of the Malay World and Civilisation at the National University of Malaysia, adding that Indonesia and Malaysia had deep-rooted Eastern cultural norms and customs, which were often intertwined with Islamic teachings. Advertisement But he said measuring gender attitudes of the two Southeast Asian countries against Western ideas of conservativeness and modernity was not as simple as it seemed, revealing the limitations of global studies on attitudes and values.