Sunday in St Barth
ST BARTH - ST TROPEZ
Hotel Manapany
SHELL BEACH
FA S H I O N S H O W E V E R Y D AY Tél. : 0590 879 239 - Fax 0590 29 54 70 - lenews@theconcierge.fr - www.news-sbh.com
Thursday March 21th 2013 - Ste Clémence
SAINT BARTH
n° 4189
ALUMINIUM
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Daily News… INDIA’S BILLIONAIRE CLUB SLOW TO SHARE RICHES They may build skyscraper mansions, travel by private jet and throw sumptuous wedding parties, but it seems India’s super-rich are much slower at opening their wallets for charity. India now has 55 dollar billionaires, the fifth-biggest number in the world, according to a Forbes ranking this month. But like other emerging economies such as China, its charitable giving still lags markedly behind that in the West where the tradition of wealthy businessmen donating chunks of their fortunes is much more deeply ingrained. High net worth Indians gave up an average 3.1 percent of their income to charitable causes in 2011 -- up from 2010 but far behind the 9.1 percent average in the United States, according to global consultancy Bain & Company. But analysts say the upturn in giving as more Indians get seriously rich is going at a snail’s pace. «The pace for corporate India and especially the new rich giving up its wealth is excruciatingly slow,» said Manjeet Kripalani, executive director at Gateway House, a Mumbai-based think tank. «Corporate philanthropy needs to look at a thoughtful way of scaling up giving,» she told AFP. While impressive growth in the past decade has created a swathe of Indian tycoons, the more recent economic slowdown has compounded the slow take-up of philanthropy, despite a pressing need to tackle widespread poverty. «Giving is impacted by sentiment, which remains weak at the moment. It is likely to be flat or extremely moderate in terms of growth,» said Arpan Sheth, author of Bain’s annual Indian study. The latest report released this month did not give fresh statistics, but said donors were «putting a higher bar on understanding the impact of their giving, before they commit to causes» in the tough business environment.
NOUVELLE COLLECTION Tél. 0590 27 52 16 • À côté de l’Isola
LA GLORIETTE BEACH BAR RESTAURANT TRANSATS
Open for Lunch tous les jours sauf mercredi.
Pizzas le soir,
sur place ou à emporter Grand Cul de Sac - Tél : 0590 29 85 71
AABARAKI FROM MARCH 4TH TO MARCH 23RD 2013
LIVE MUSIC EVERY NIGHT
LIVE BAND CLOSED ON SUNDAY
www.bazbar.com - Gustavia Harbour - Tel. 0590 29 74 09
International News… UK MUSEUM FEARS NAPALM DEATH Britain’s prestigious Victoria and Albert Museum said Wednesday it had been forced to cancel a concert by «grind metal» band Napalm Death because of fears that the music will quite literally bring the house down. The British band had been scheduled to play a daring concert at the museum on Friday through a ceramic sculpture which -- if all had gone to plan -- would have exploded under the force of their music. But the museum has now concluded that not only would the ceramic sculpture explode, but chunks of the rest of the 150-year-old building might come down with it.
LONDON SHOW ICON DAVID BOWIE Outrageous costumes and hand-scrawled lyrics are among hundreds of items going on show in a major London retrospective tracing David Bowie’s relentless self-reinventions over five decades. Charting the British singer’s rise to fame and his reincarnations as Ziggy Stardust and other outlandish alter egos, the «David Bowie Is» exhibition has become the fastest-selling show in the Victoria and Albert Museum’s history ahead of its launch. «David Bowie is a true icon, more relevant to popular culture now than ever,» said the V&A’s director Martin Roth.
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