Latest news with #FMG
South China Morning Post
16-05-2025
- Business
- South China Morning Post
Chinese fast-fashion retailer opens flagship Urban Revivo store in Hong Kong
Fashion Momentum Group (FMG), a Chinese fast-fashion retailer, opened a flagship store of its Urban Revivo brand in Hong Kong as part of an expansion plan in the city, joining a host of mainland companies that have soaked up excess retail space to prepare for a rebound in consumption. The group opened its 8,750 sq ft store in Harbour City in Tsim Sha Tsui on Friday, adding Hong Kong's top shopping destination to its current network of more than 400 branches across mainland China, Singapore, Malaysia, Vietnam, Thailand, UK and the US. 'Hong Kong boasts great economic strengths and top-notch spending power' making it essential to enter the market, Vivian Chen, CEO of FMG's international business, said in a statement. 'Hong Kong's fashion landscape is a dynamic fusion of East and West, reflecting its status as a fashion hub that perfectly blends Chinese and Western cultures.' FMG, based in Guangzhou, capital of southern province of Guangdong, was founded in 2006 and had annual sales of 7 billion yuan (US$971.5 million) in 2024, according to company data. It is also planning to open an outlet for Benlai, a Lululemon-like casual wear brand, in Mong Kok, without providing a date. Shoppers inside Urban Revivo's flagship store in Tsim Sha Tsui on May 16, 2025. Photo: Elson Li The group offers fast-fashion choices, with new designs reaching its stores in two weeks, sometimes as quickly as one week. The group is optimistic about the outlook, despite entering the city's market amid a slump. Retail sales shrank for a 13th straight month in March, according to government data, as local residents preferred shopping in neighbouring Shenzhen.
Scoop
14-05-2025
- Automotive
- Scoop
Consumer NZ Finds Some Car Insurance Premiums Have Almost Doubled Since 2023
Press Release – Consumer NZ Car insurance premiums have surged in the past 2 years but switching providers could save you hundreds of dollars, says Consumer NZ. Vanessa Pratley, investigative writer at Consumer NZ, says its annual car insurance survey found premiums have increased by as much as 46% since 2023. Pratley points to inflation and extreme weather events as factors driving up the cost of insurance across the board, but another contributing factor is your age and life stage. 'Every insurer will base its premiums on risk. How much you pay will depend on things like whether you live in a flood-prone area, the car you drive, and even your age and gender. 'And because not all insurers are equal – which is to say they use their own risk assessments – you might be more or less of a risk to one provider or another. 'You can switch insurance providers any time (though there might be cancellation fees), and that could potentially reward you with hundreds of dollars in annual savings.' Toot if your premium's up! Consumer's survey found young males will pay more in car insurance premiums than older people or young females. And older females could pay more than older males – depending on the insurer. 'When we compared the costs for four different age brackets across nine insurance providers, we found annual savings ranged quite significantly – between $481 and $1,296. 'Since 2023, the lowest median increase was just 0.6% for a family of four living in Auckland, and the highest median increase was 46% for young males living in Christchurch. 'If the cost to insure your car is stressing you out right now, don't cancel your cover or drop down to third-party – shop around and see what savings you could make first.' Switch to a lane you can afford Other than switching providers, Pratley explains some policies may look similar but cover very different things. ''Standard' cover with one insurer will be an optional extra with another insurer. 'You might find your insurance policy includes towing expenses or key replacements as part of its standard offering. But if you very rarely park in the city and never lose your keys, you might be paying more than you need. 'Take the time to compare what's on offer and consider whether switching plans or providers would get you back to a policy you can afford.' Get a steer on satisfaction As well as crunching the numbers on the cost of car insurance premiums, Consumer surveys car insurance customers about how satisfied they are with their current provider. 'No one takes out insurance cover for fun. It's an important financial safety net, for example, if you accidentally swing your car into a parked Tesla. If the right protection isn't in place for you, you could find yourself in a real pickle. 'The experience you get from your insurance provider, especially how they treat you, should be an important consideration, too. We're pleased to announce that FMG and MAS received Consumer's People's Choice award for car insurance this year.' To help New Zealanders independently compare insurance providers' cover, our team has crunched the details on comprehensive car insurance policies.
Scoop
14-05-2025
- Automotive
- Scoop
Consumer NZ Finds Some Car Insurance Premiums Have Almost Doubled Since 2023
Car insurance premiums have surged in the past 2 years but switching providers could save you hundreds of dollars, says Consumer NZ. Vanessa Pratley, investigative writer at Consumer NZ, says its annual car insurance survey found premiums have increased by as much as 46% since 2023. Pratley points to inflation and extreme weather events as factors driving up the cost of insurance across the board, but another contributing factor is your age and life stage. "Every insurer will base its premiums on risk. How much you pay will depend on things like whether you live in a flood-prone area, the car you drive, and even your age and gender. 'And because not all insurers are equal – which is to say they use their own risk assessments – you might be more or less of a risk to one provider or another. "You can switch insurance providers any time (though there might be cancellation fees), and that could potentially reward you with hundreds of dollars in annual savings.' Toot if your premium's up! Consumer's survey found young males will pay more in car insurance premiums than older people or young females. And older females could pay more than older males – depending on the insurer. 'When we compared the costs for four different age brackets across nine insurance providers, we found annual savings ranged quite significantly - between $481 and $1,296. "Since 2023, the lowest median increase was just 0.6% for a family of four living in Auckland, and the highest median increase was 46% for young males living in Christchurch. 'If the cost to insure your car is stressing you out right now, don't cancel your cover or drop down to third-party – shop around and see what savings you could make first.' Switch to a lane you can afford Other than switching providers, Pratley explains some policies may look similar but cover very different things. ''Standard' cover with one insurer will be an optional extra with another insurer. 'You might find your insurance policy includes towing expenses or key replacements as part of its standard offering. But if you very rarely park in the city and never lose your keys, you might be paying more than you need. 'Take the time to compare what's on offer and consider whether switching plans or providers would get you back to a policy you can afford." Get a steer on satisfaction As well as crunching the numbers on the cost of car insurance premiums, Consumer surveys car insurance customers about how satisfied they are with their current provider. 'No one takes out insurance cover for fun. It's an important financial safety net, for example, if you accidentally swing your car into a parked Tesla. If the right protection isn't in place for you, you could find yourself in a real pickle. 'The experience you get from your insurance provider, especially how they treat you, should be an important consideration, too. We're pleased to announce that FMG and MAS received Consumer's People's Choice award for car insurance this year." To help New Zealanders independently compare insurance providers' cover, our team has crunched the details on comprehensive car insurance policies.
The Hindu
13-05-2025
- Politics
- The Hindu
With war situation on the ebb, Russian universities invite students
The number of Indian students, particularly South Indians, applying for Russian universities has significantly increased, said Natalia Alshuk, Head of International Relations Department, Volgograd State Medical University. Addressing a press meet organised by Russian House along with Study Aboard educational consultancy firm, she said that with the war situation having deescalated in Russia, students from foreign countries would not face problem studying there. When asked how many of the Indian students who studied there gott through the Foreign Medical Graduate (FMG) examination, an eligibility test for medical students who studied abroad to practice in India, she said that it was 22%. C. Suresh Babu of Study Abroad said that though those students admitted in Russian medical colleges through their consultancy failed to clear the FMG examination in their first attempt, they eventually clear it in their second or third attempts. Amongst medical colleges in other countries, the Russian universities which adhere to National Medical Commission (NMC)'s guidelines, was preferred by many Indian students, he said. To give elaborate details about education in Russia to students and parents, they would conduct an All-India Russian Education Fair for the academic year 2025-26 at Hotel Royal Court in Madurai on May 16 For more details, contact the organisers on 92822 21221.
Scoop
12-05-2025
- Automotive
- Scoop
Road Safety Coordinator Calls On South Canterbury Motorists To Put Themselves In Others' Shoes
Press Release – South Canterbury Road Safety Road Safety Week is an annual international celebration which, this year, runs from 12-18 May. The New Zealand theme for this year is 'be a road safety hero'. South Canterbury Road Safety Coordinator, Michelle Bunt, is calling on South Canterbury motorists to put themselves in others' shoes during Road Safety Week. She has displayed 46 pairs of shoes on the grass outside the Timaru District Council headquarters to highlight the number of people killed on South Canterbury roads since the beginning of 2020. The display will be available to be seen all this week. 'The display is designed to visually quantify and highlight the road safety trauma we experience across South Canterbury, in an impactful but respectful way' she said. 'The goal is to encourage people to drive safely and take extra precaution, especially now we're heading into winter, and to consider how our actions as drivers can impact on other road users.' Road Safety Week is an annual international celebration which, this year, runs from 12-18 May. The New Zealand theme for this year is 'be a road safety hero'. The display runs alongside other activities in the community including road safety breakfasts at Farmlands Temuka and Waimate (on Thursday 15 May and Friday 16 May respectively) highlighting agricultural vehicle safety, kindly sponsored by FMG. The Timaru District Library has a Road Safety Week display and free colouring in sheets and activities for kids. The Road Safety team and representatives from New Zealand Transport Agency will also be at the Careers Expo at the Southern Trust Event Centre on Wednesday 14 May promoting driver licensing resources. Ms. Bunt invites members of the community to come check out the displays and events and get involved.
