Horseplay is a rich man’s game in China – Members have to be rich to afford membership

DALIAN: Gripping his mallet, Peng Zhichun gallops towards goal on a Chinese polo field, one of a growing number of the country’s wealthy elite discovering the joys of the saddle and the whip. “New clubs are opening, people are more into equestrian sports, into polo, there are more international players coming, so it’s growing really fast,” the young man, dressed in an expensive leather helmet, boots and white trousers, said…

Super typhoon cools Philippine economy – Growth slows to 5.7% in Jan-March

MANILA: The Philippines’ roaring economy cooled in the first quarter of the year as the impacts of Super Typhoon Haiyan and other natural disasters hit harder than expected, official data showed yesterday. Economic growth slowed to 5.7 percent in January-March, compared with 7.7 percent in the same period last year, the government said. “The relatively slow growth is expected given the magnitude of the destruction,” Economic Planning Secretary Arsenio Balisacan…