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Travel
Anantara Ubud Bali Resort Brings a Jungle Wellness Sanctuary to Bali’s Interior
Courtesy of Anantara Ubud Bali
A graceful tropical retreat neighboring the traditional hillside village of Banjar Puhu in Payangan north of Ubud, the new Anantara Ubud Bali Resort will become the second property from Anantara Hotels, Resorts & Spas on the Indonesian island when it opens on October 1, 2024.
A collection of 85 modern suites and pool villas plus 15 private residences cascade down a densely forested hill towards a mountain stream. The tranquil resort is situated just minutes away from the vibrant cultural life of unhurried Ubud yet feels blissfully remote thanks to the untouched jungle that cocoons it.
Arriving at Anantara Ubud — a scenic 2.5-hour drive from Bali’s international airport — guests are greeted with panoramic views of the misty jungle and Mount Agung while the soothing frangipani-perfumed breeze and gong-like sounds of Balinese Gamelatron (a site-specific sculpture by artist Aaron Taylor Kuffner based on traditional gamelan) set the stage for tropical tranquility.
Courtesy of Anantara Ubud Bali
Elevated stays in a jungle canopy
Influenced by Hindu traditions and juxtaposed with Javanese elements, contemporary 570-square-foot suites promote relaxation with jungle views and richly crafted interiors. Decorated in calming neutral tones with subtle Balinese details, the ground-level suites place guests in the thick of the jungle. On the upper floor, the suites feature oversized bathtubs with dramatic views over the treetops and soothing sounds of the babbling stream down below.
One- and two-bedroom villas are calming oases inspired by the culture and traditions of the locale. At 1,130 square feet, the one-bedroom villas come with a spacious living area, an outdoor terrace, and a private infinity-edge pool. Two-bedroom villas offer 1,722 square feet of indoor-outdoor space with furnishings crafted from natural materials, neutral color palettes, and subtle Balinese influences that infuse the space with a timeless elegance. Dramatic 33- to 44-foot private pools are positioned on each villa’s terrace.
Courtesy of Anantara Ubud Bali
Residential living in Bali’s heartland
Guests who would like to own their own slice of paradise can choose from 15 Anantara residences that offer sophisticated interiors, masterful Balinese craftsmanship and luxurious amenities. Standing on stilts over a misty valley, Anantara Ubud’s one-bedroom residential villas maximize privacy and views. An elegant living and dining area features floor-to-ceiling windows, a fully-equipped Western kitchen and en-suite bedroom that opens out to a private infinity pool. Ensconced in nature, elegantly furnished two-bedroom residential pool villas are bathed in natural light. Two en-suite bedrooms and a spacious living and dining space flow directly out to a private infinity swimming pool, with tall windows opening out to unobstructed forest views. Ownership comes with full access to facilities at Anantara Ubud Bali Resort.
Sophisticated dining choices
Culinary options at Anantara Ubud Bali include specialty restaurants serving sustainable Balinese and international cuisines, with locally sourced organic produce being the daily highlight. Helmed by Executive Chef James Willis, whose background in fine-dining includes running the kitchens at heritage and Michelin-starred establishments, America is a contemporary open wood-fired restaurant will multiple jungle views. At Kirana, guests will find authentic Indonesian and international flavors, a lavish interactive breakfast buffet, and panoramic rainforest views.
The Sulang alfresco bar, located next to the adult-only swimming pool, serves cocktails and bar bites. For relaxing indoor–outdoor experiences, The Lobby Lounge serves morning coffee with a special local blend and afternoon tea. For special occasions, Anantara’s signature Designer Dining by Anantara experience invites guests to create a bespoke breakfast, picnic lunch or dinner with a private chef served by a waterfall, or in a rice paddy, a private pavilion or other setting to match the occasion.
Courtesy of Anantara Ubud Bali
Meaningful discoveries and island adventures
At Anantara Ubud Bali, guests will find numerous ways to decompress and unwind: from two swimming pools, adult-only and family, to a jungle-clad yoga deck and a fully equipped gym by TechnoGym. The youngest travelers will have their own space at the Kids’ Club. Nestled in its own building, Anantara Spa offers indigenous treatments and healing therapies alongside muscle-melting massages, hair styling at the salon, and multi-day wellness experiences from visiting practitioners specializing in everything from volcanic stone therapy to holistic Balinese treatments.
Business
Is the Budget’s bite going to be rather less painful than its bark?
The chancellor’s speech at the Labour Party conference was an important and clear change in tone from the government on the economy.
Just three weeks ago the PM warned of a “painful Budget”.
But in Liverpool, Rachel Reeves said: “My optimism for Britain burns brighter than ever, my ambition knows no limit.”
The fragile British consumer might not quite be ready, after years of rolling inflationary crises, for tough decisions on tax and spending.
Consumer confidence was hit, at least this month, and some retailers spooked by disappointing sales after this talk of pain.
The chancellor was sending a message that the tax rises, when they come, will not primarily hit hard-pressed working families.
She embraced the “choice” she made to give above-inflation pay rises to millions of public sector workers, saying she was willing to have a fight over it with the Conservatives.
Public spending will grow in real terms, or as she put it clearly in her speech there will be “no return to austerity”.
The chancellor gave more detail about how she will prioritise investment spending, especially in infrastructure.
The plans she has inherited are for a cut in the share of the economy devoted to public investment.
“Growth is the challenge… and investment is the solution,” she said.
We are heading towards some changes to the rules on government borrowing in order to allow more investment.
This should work with the newly announced Industrial Strategy, to be released with the Budget on 30 October. It might also help with levering in significant foreign investment at a crucial summit next month.
It was a coincidence, but the chancellor’s speech came on the two-year anniversary of Liz Truss’s mini-Budget. If anyone forgot the auspicious date, the former PM popped up with a specially crafted video to say that the Kwarteng/Truss fiscal plans should have been implemented in full.
This was fortuitous for the chancellor, as her speech defined herself as a type of anti-Truss.
The Truss legacy played an important part in delivering Reeves to her position, with a commanding Commons majority. Both shared an ambition to increase British growth. The tough decisions Reeves says she needs to make at the Budget are the contrast to the Truss episode.
But could it be that the Budget’s bite, will now prove to be significantly less painful than its bark?
News
Mark Allen Group buys airport and travel retail publisher Sixth Continent Holdings
B2B publisher Mark Allen Group has acquired travel and aviation-focused Sixth Continent Holdings, including flagship title The Moodie Davitt Report, for an undisclosed sum.
As well as its publications, Sixth Continent Holdings runs three major industry events, including conferences and awards for the airport food and hospitality sector.
The Moodie Davitt Report was founded in 2002 and “covers all aspects of the global industry eco-system from travel retail to dining, advertising to foreign exchange, plus other airport commercial revenue streams” according to a Mark Allen Group release.
Sixth Continent’s original co-owners – founder and chairman Martin Moodie and president Dermott Davitt – will remain at the business alongside “their experienced senior management and high-quality teams across editorial, sales, events and administration”.
Mark Allen Group chief executive Ben Allen said: “We have in Martin and Dermot two superstars who care passionately about the business and who will stay with us to develop it even further.”
Mark Allen Group already publishes Ground Handling International and Aircraft Interiors International and says it “will be seeking synergies across the titles”. Sixth Continent is to be integrated into the business group in a new division named MA Travel Retail.
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Mark Allen, the group’s executive chairman, said: “It is exceptionally rare to find such a brilliant business as this. Over recent years, the company has enjoyed exceptional growth.
“Extraordinarily, it even made a very good profit in 2020, the height of the pandemic, when other similar publishing and events businesses were floundering.”
Moodie said: “I have poured my heart and soul into this business over the past 22 years and I am thrilled that this agreement with another family company will both protect and grow that legacy. Together we will take the business to exciting new heights.”
Davitt added that with the Mark Allen Group’s support, “we aim to stretch our market leadership through our unrivalled industry relationships, our innovation drive and a relentless focus on delivering the highest-quality business intelligence and events to our loyal audience”.
In its most recent accounts, for the year to 31 March 2023, Mark Allen Group recorded profit before tax of £8.7m, down 7% year-on-year. Revenue increased 10%, partly driven by acquisitions that included net zero and energy management expo EMEX and Bonhill Group brands including Portfolio Adviser, Expert Investor and Fund Selector Asia.
Email pged@pressgazette.co.uk to point out mistakes, provide story tips or send in a letter for publication on our “Letters Page” blog
Money
How to give cyber security the priority treatment it deserves
In an increasingly digital world, cyber security should be at the top of an advice firm’s priority list.
But the pace of change in technology can often leave people not quite understanding what they need to do to protect their business from cyber attacks or vowing to ‘get around to it’ at some point.
However, as former Conservative MP Stephen McPartland, author of the McPartland Review into Cyber Security, says, a lot of cyber attacks are speculative.
He likens firms that have little or no cyber security to leaving the front door of your house open – both are invitations for opportunist thieves to strike.
So, what can advisers do to protect themselves as they increasingly digitise their businesses?
Protecting your firm
While it is great for people running a business to have a positive, confident outlook, they do need to be realistic about business risks, and cyber crime is one of them.
Statistics from market analyst Truelist show up to 94% of companies that experience a severe data loss never recover because it can take a long time to identify and contain a data breach.
According to Truelist, 51% of firms close within two years of the incident and 43% never reopen. The picture is even worse for small firms, as 70% close within a year of a big data loss.
FTRC founder Ian McKenna adds that, if an advice firm experiences a data breach, the FCA expects them to put in place and pay for cyber security protection for every customer.
According to McKenna, there is “significant evidence” cyber criminals are targeting small advice firms because the information they hold about their clients is so comprehensive and, therefore, valuable.
“So much information comes from a client fact find. Advisers will have details of their clients’ kids and the cars they drive. There is so much data to help criminals working on the dark web,” he says.
“Cyber criminals have also identified that smaller advice firms tend to be relatively vulnerable.”
McKenna points to a lot of cases being identified in the US. Is it inconceivable to believe the same is happening in the UK?
Increasing use of AI is only going to increase the need for advice firms – and not just the bigger ones – to ensure they have adequate cyber protection in place.
“You can’t have an AI strategy without cyber security – they go hand in hand,” says McPartland.
“If you are increasingly using AI and putting more business in a digital world, you need to ensure you can secure that.”
A lack of understanding about what to do to become more resilient can often be a barrier. This is where talking to an expert or getting some training can help.
For example, the Chartered Institute for Securities and Investment (CISI) runs a short online course that covers things such as the nature of cyber risk, the types of attacks to be aware of and details of the regulatory and legal requirements.
The CISI Corporate Cyber Security Professional Assessment is written and reviewed by industry experts and is suitable for anyone who works in financial services, including advice firms.
“The risks of cyber attacks occurring apply to both large and small firms, so understanding these threats and protecting your organisation from them is essential for all financial services practitioners,” says CISI executive director of global learning Mandy Gill.
“Human error is often a cause, so being able to identify and distinguish between the different threats – including malware, phishing, whaling, spyware, ransomware, trojan viruses and business email compromise – can be an effective way to manage and reduce this risk.”
The recommended study time for the course is six hours, followed by a 60-minute multiple choice test consisting of 30 questions.
The CISI also offers a range of other online CPD content in the area of cyber security, including Professional Refresher modules on topics such as cyber crime, operational resilience, financial risk and fraud risk management.
Cyber insurance is another way firms can protect themselves but, as McPartland says, they need a cyber security strategy to underpin this.
“If you go to an insurer and tell them you park your car with the keys in the ignition and no alarm, they are unlikely to insure it,” he says.
“The difference here is that you are talking about possessions in the digital world.”
That said, cyber insurance does not currently appear to be very popular among advice firms.
“Only 4% of advisers have cyber insurance,” says McKenna. “It’s crucial to have it. Ideally you want the insurer to be the same as the provider of your PI, as you don’t want a situation where they are both saying the other should pay out.”
McPartland has some sympathy for smaller advice firms.
“A lot of the problem is that the insurance market is not mature enough yet, so there aren’t enough products for SMEs,” he says.
Recovery
Having a recovery process in place is key to fighting back against things like ransomware, where criminals steal data and demand money to return it.
“If you have a process in please, you don’t need to get that data back. It’s backed up and you’re doing other things to be resilient,” says McPartland. “You can either fight it off or you recover quickly to be up and running in a couple of days, so ransomware is not the threat to you they think it is.”
McPartland says advice firms need to think about three elements together – their cyber security, their resilience to cyber attacks and the recovery process. Focusing on just one element is not enough. They all need to be in place and reviewed regularly.
“It’s important to protect your data because a lot of decisions are based on it. If someone interferes with that data, they interfere with your ability to make decisions.”
News
Cathay Pacific bans couple who complained over reclining seat
Cathay Pacific has banned a Hong Kong couple from its flights after their row with a mainland Chinese traveller over her reclining seat.
The Chinese woman had complained on social media that she was harassed by the couple seated behind her on a Cathay flight after reclining her seat.
The Hong Kong flag carrier said on Sunday that it had added the couple to its no-fly list, saying it has “a strict zero-tolerance policy” towards behaviours that disrespect fellow passengers.
The Chinese woman’s post on social media platform Xiaohongshu, which captured part of the confrontation, had garnered 194,000 likes as of Monday morning and drawn mixed reactions online.
The incident took place on a flight from Hong Kong to London on 17 September.
In her post, the Chinese woman recalled how the middle-aged couple – a husband and wife – had accused her of obstructing their view of the in-flight television and asked her to straighten her seat.
When she refused, the wife stretched her legs and put them on the armrests of her seat, then started scolding her in Cantonese and slapping her arm, the woman said.
“When she realised I couldn’t speak Cantonese, she started calling me ‘mainland girl’ in a derogatory tone,” she said.
The husband, who was seated directly behind her, “frantically pushed” the back of her seat, the woman said. Her video showed the seat vibrating.
Another scene showed the wife raising her middle finger at the woman.
The woman then sought help from a flight attendant, who suggested that she straighten her seat.
“I was shocked because it was not meal time, yet the flight attendant wanted me to compromise,” the woman said. “I rejected the suggestion.”
Several passengers who witnessed the incident criticised the Hong Kong couple’s behaviour.
“Don’t call yourself a Hong Konger, you bully,” one passenger said.
Another said, “This is too much. How old are you? Why are you bullying a young girl?”
The woman’s post on Xiaohongshu sparked similar outrage.
“If they want more space, they should have paid for first-class seats,” one person wrote.
Several commenters were quick to defend Hong Kong’s reputation, with one saying “Most people in Hong Kong are kind, this couple is an exception.”
It has also triggered a debate on whether reclining one’s aeroplane seat is an acceptable practice.
Several users said that it should be acceptable, given that the ability to recline is a built-in function of the seats.
Others said it can get uncomfortable when passengers in front recline their seats too far back.
Business
What would Trump do on trade? With Alan Beattie
This campaign, candidate Donald Trump is promising even more extreme versions of the policies that marked his first term. But what would higher, and more widespread, tariffs actually look like? And in what form would any retaliation come? Today on the show, Soumaya and the FT’s senior trade writer Alan Beattie discuss the candidate’s campaign promises on trade, and where they might lead.
Soumaya Keynes writes a column each week for the Financial Times. You can find it here
Subscribe to Soumaya’s show on Apple, Spotify, Pocket Casts or wherever you listen.
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