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Billionaire Kuok to seek $500 million cinema unit sale

  Bloomberg Billionaire Robert Kuok is seeking a buyer for Golden Screen Cinemas Sdn., Malaysia’s largest movie theater chain, in a deal that could fetch as much as $500 million, people with knowledge of the matter said. PPB Group Bhd., a Kuala Lumpur-listed company controlled by the Malaysian tycoon, has received first-round bids for the cinema business, according to one ...

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China to be first trillion-dollar air market: Boeing

  Beijing / AFP China will become the world’s first trillion-dollar aviation market as its expanding middle class takes to the skies in ever greater numbers, US manufacturer Boeing predicted on Tuesday. The world’s most populous country is expected to add more than 6,800 new aircraft to its commercial fleet worth $1.03 trillion by 2035, Boeing said in its annual ...

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China’s infrastructure binge may be doing more harm than good

Bloomberg  For all the roads, bridges and railways that China builds every year in an effort to keep the economy humming, the massive splurge may not be having the desired effect. That’s because more than half of China’s infrastructure investment has destroyed economic value instead of generating it, according to a study from the University of Oxford’s Saïd Business School. ...

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