Cathay Pacific, among our favorite, high-touch carriers in Asia has become a bigger interest of China. Air China, mainland China's largest airline, raised its stake in Cathay Pacific Airways to 30%. Swire Pacific Ltd., the Hong Kong-based conglomerate with British roots and Cathay's biggest shareholder, raised its own to 42%.
The share purchases by Swire and Air China on Monday are the maximum stakes that the two companies could purchase without triggering a requirement under Hong Kong law to bid for the whole of Cathay, according to Christopher Pratt, chairman of Swire and Cathay. Mr. Pratt said Monday that the new shareholding wouldn't affect strategy and management at Cathay, and underscored Swire's commitment to remain the single largest shareholder in the airline.
8.04.2009
Japan's Bathroom Culture (TOTO S400!)
TOTO's advanced S400 "Intuitive" washlet takes Japan's unique Shintoesque bathroom culture to a whole new level, with an automatic hands-free flushing system and sensor-activated lid that automatically lifts as you approach the toilet. At your command, using the remote control LCD panel, you may control the aerated warm water, with front and rear washing, and, of course, warm air drying with a variable temperature setting. Bev, Zen, and I all agree that the TOTO washlet is a fun, hands-free, spa-like bathroom experience. This is another bonus for those staying at the Peninsula Tokyo!
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