Egypt's inflation rate hits record for 2nd consecutive month

STORY: Egypt's inflation rate hits record for 2nd consecutive month DATELINE: Aug. 11, 2023 LENGTH: 00:01:20 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the Central Agency for Public Mobilization and Statistics of Egypt 2. various of a market and restaurants 3. various of a cigarette kiosk 4. various of the Central Bank of Egypt STORYLINE: Egypt's annual inflation rate rose to an all-time high of 38.2 percent in July, up from 14.6 percent in the same month a year earlier and set a national record for the second month in a row, the country's Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Thursday. The record year-on-year increase was mostly driven by price hikes of grains, hotels, alcohol and cigarettes, and healthcare. Food and drink prices registered a 68.2-percent increase compared to that of July 2022, the CAPMAS said in a statement. The previous record of annual inflation rate rise was registered last month at 36.8 percent. Egypt's price hikes persisted eve

Cheap hotels in favelas popular for tourists

Cheap hotels in favelas popular for tourists

RIO DE JANEIRO, Brazil - Ipanema Beach and a nearby luxury hotel are seen on June 7, 2014, from a cheap lodging house in Vidigal, one of many slum districts known as favelas in Rio de Janeiro. Because of their price, hotels in favelas are becoming popular with tourists who have come to see the World Cup finals.

Countdown party held for Michelin's 1st Tokyo guidebook

Countdown party held for Michelin's 1st Tokyo guidebook

TOKYO, Japan - A countdown party celebrating the issuance of Michelin's first Tokyo guidebook was held in Tokyo's fashionable Roppongi district around midnight on Nov. 21. The guidebook, which presents photos and introductory essays on 150 restaurants in Tokyo including eight top three-star rated Japanese and French restaurants as well as reviews of 28 hotels, hit the stands on Nov. 22 at a price of 2,310 yen.

Seibu group to spend 20 bil. yen on makeover of Prince Hotels

Seibu group to spend 20 bil. yen on makeover of Prince Hotels

TOKOROZAWA, Japan - Takashi Goto, president of Seibu Holdings Inc., holder of the Seibu group, speaks at a press conference at the company head office in Tokorozawa near Tokyo on March 27. He said the company will spend a total of 20 billion yen in fiscal 2006 and 2007 to renovate the group's Price Hotels chain.

Malaysia's inflation rises 4.5 pct in September

STORY: Malaysia's inflation rises 4.5 pct in September DATELINE: Oct. 22, 2022 LENGTH: 00:01:36 LOCATION: Kuala Lumpur CATEGORY: SOCIETY/ECONOMY SHOTLIST: 1. various of crowds doing their grocery shopping in a supermarket 2. various of food on display racks in a supermarket STORYLINE: Malaysia's inflation, as measured by consumer price index, rose 4.5 percent in September, lower than 4.7 percent in August, official data showed on Friday. The Department of Statistics Malaysia (DOSM) said in a statement that food inflation increased at a slower rate of 6.8 percent as compared to 7.2 percent in August. Apart from food, groups that recorded a high increase were restaurants and hotels (6.9 percent), followed by transport (5.3 percent); furnishings, household equipment and routine household maintenance (4.4 percent) and housing, water, electricity, gas and other fuels (4 percent). For the period of January to September, the inflation stood at 3.3 percent as compared to the same period of 2021. The increase

Seibu group to spend 20 bil. yen on makeover of Prince Hotels

Seibu group to spend 20 bil. yen on makeover of Prince Hotels

TOKOROZAWA, Japan - Takashi Goto, president of Seibu Holdings Inc., holder of the Seibu group, speaks at a press conference at the company head office in Tokorozawa near Tokyo on March 27. He said the company will spend a total of 20 billion yen in fiscal 2006 and 2007 to renovate the group's Price Hotels chain. (Kyodo)

Countdown party held for Michelin's 1st Tokyo guidebook

Countdown party held for Michelin's 1st Tokyo guidebook

TOKYO, Japan - A countdown party celebrating the issuance of Michelin's first Tokyo guidebook was held in Tokyo's fashionable Roppongi district around midnight on Nov. 21. The guidebook, which presents photos and introductory essays on 150 restaurants in Tokyo including eight top three-star rated Japanese and French restaurants as well as reviews of 28 hotels, hit the stands on Nov. 22 at a price of 2,310 yen. (Kyodo)