Can Money Buy Happiness?

For Harvard business professor Michael Norton, it is a ‘yes’, when we do not spend it on ourselves.

In the recent TEDxCambridge,

(http://www.ted.com/talks/michael_norton_how_to_buy_happiness.html?utm_source=newsletter_weekly_2012-04-24&utm_campaign=newsletter_weekly&utm_medium=email)

Norton comments on the notion ‘Can Money Buy Happiness’, supported by interesting research findings. The one single conclusion is – when people are pro-social with their money, they are happier.

The take away –

Ÿ   Comparisons – Doing good things in trivial ways does not make one less happier, while spending on someone you know or making a donation yields the same level of happiness.

Ÿ   Happiness Index – In 136 countries across the world (Africa inclusive), people rate their wellbeing higher when giving money to charity instead of keeping it.

Ÿ   Return on Investment – return on Investment of €15 is as low as €4.5 if one spends money on personal incentives because it does not motivate them to perform better; however it goes up to €78 if the money is spend on pro-social incentives.

So money can, indeed buy happiness.


CatchOn to Ed Ng, Co-Founder of AB Concept

Schooled and trained in Hong Kong, Ed Ng is co-founder of AB Concept, one of Asia’s leading architectural and design studios.

While co-director Terence Ngan oversees the structural and architectural elements, Ed Ng brings his innate sense of style to the interiors.

AB Concept has been behind some of the world’s most buzzed-about hospitality projects including the W Retreat & Spa in Bali, Shangri-La’s Far Eastern Plaza Hotel, Tainan and the spa at the Mandarin Oriental Singapore. Upcoming projects include the W Hotel Beijing, China.

In 2011, AB Concept earned international recognition for their design of the W Retreat & Spa in Bali. Aside from winning the ‘Best Guest Room’ trophy at the prestigious Gold Key Awards in New York, the company earned the Best Design prize at the International Hotel and Property Awards in the ‘Hotels Over 200 Rooms’ category.

Which project are you most proud of?

ED NG: Although it is always hard to choose a favourite, W Bali is perhaps the most representative of our work. With this project, we wanted to pay respect to Balinese style and architectural traditions but give them a new twist. We wanted to redefine what a Balinese resort should look like. The challenge was to invent a new style, one that is unique but still respectful of Balinese style and culture.

Describe your design style.

Our work reflects our genuine respect for a place’s history, culture and arts scene. Whenever you look at our designs, we hope this source of the inspiration comes through. Our designs are clean and uncluttered, aiming to integrate form and function without being gimmicky.

Where are you most creative?
When I’m travelling. All of the world’s greatest cities – Shanghai, Paris, New York – inspire me with their architecture, creative history and wonderful art scene. These vibrant, cosmopolitan cities never fail to surprise you with their hidden treasures. When I travel, I’m always observing new design innovations, lifestyle trends and fashion styles.

What does your home mean to you?

Since I travel so intensely for such long periods, home is my private sanctuary. It’s my cocoon where I can relax and feel rejuvenated. It’s also the place where I love spending time with my two lovely Shiba dogs.

What will be the next big design trend?

About 20 years ago, minimalism was the big trend. That was a distinct movement, but there doesn’t seem to be a seismic shift in design trends today. If anything, people are now exploring the big concept behind each project and creating a narrative around it. Once you have a strong narrative, it becomes the core of your design and everything else falls into place. There’s no point designing just for the sake of following a trend. It simply won’t last and the finished product won’t resonate with any soul.


Gripes of Wrath

Businesses with poor customer service are about to pay the price.  uVent.com.au, an Australian website set to launch in two weeks, offers cranky customers the chance to name-and-shame offending companies. The twist, though, is that firms can also use the website to win new business.

Unhappy customers submit their grievance to the website as a private message. uVent then forwards the complaint to the company in question. For a small fee, the company can access the customer’s details and resolve the matter directly. If, however, the gripe goes unanswered after a day, things turn nasty. uVent publishes the comments online and offers the customers details to the company’s competitors, helping them identify potential customers.

We’re counting the days till some savvy entrepreneur launches this in Hong Kong where bad service is as prevalent as the pollution. Next time you experience bad service, don’t get mad… get online!


Catch On to Tony Cheng, CEO of Hainan Shaoye

HOFEX — the the region’sleading food and hospitality tradeshow – kicked off last week in Hong Kong. With so many  foodies in town, we grill one of the city’s most enterprising epicureans.

Tony Cheng made his mark on the Hong Kong dining scene when he opened the much-lauded Drawing Room in 2009. A year later, Tony and his partners launched Hainan Shaoye in Causeway Bay, a restaurant serving Hong Kong’s most authentic Hainan Chicken Rice.  The concept proved so successful, a second outlet opened at Ocean Terminal, Harbour City, Tsim Sha Tsui.

We question the go-getting gourmand on his must-have ingredients, his favourite cookbooks and what’s missing in Hong Kong.

1. What are three must-have Asian ingredients?

It really depends on the season and what mood I’m in. But right now it’s:

i) Sichuan peppercorns: I love spicy food and the unique fragrance and numbness-inducing quality of  this peppercorn makes it a fun ingredient.

ii) Puning Miso (普寧豆醬): Originally from Chow Chiu, China, I’ve been addicted to this miso paste. I use it to marinate all forms of seafood. It has the same sweetness as white miso paste but with a lot more character.

iii) Lemongrass:  It’s such a versatile “herb”. You can use it in salad dressings, as a marinade, in desserts or in hot and cold drinks.

2. Name two cookbooks you couldn’t live without.

I have over 100 cookbooks, but my two favorites are ad hoc at home by Thomas Keller and On Food and Cooking: The Science and Lore of the Kitchen by Harold McGee

On ad hoc at Home

The recipes are very sophisticated, yet the final dishes have the simplicity and warmth of home-style cooking. I particularly like the ‘Buttermilk Fried Chicken’. Once you successfully execute this dish, no other fried chicken ever comes close! Most of the dishes can also be shared, which is really the whole point of
home cooking.

On Food and Cooking: The Science and Lore of the Kitchen

This book is such a comprehensive resource . You don’t have to be into molecular gastronomy to appreciate the science of food, but this books gives you the background info to know why some dishes turn out one way while others turn out differently.

3. Which up-and-coming Hong Kong chef do you admire?

Not sure you’d classify him as up and coming, but I really like Ricky Cheung
from Le Mieux Bistro. Although he’s classically trained, he’s also extremely skilled in Chinese
cuisine.

4. What kind of cuisine or cooking style do you wish to see more of in Hong Kong?

I would like to see more Western-influenced home-style cooking. Thomas Keller’s ad hoc restaurant in Napa Valley serves sophisticated, family-style dishes in a laidback, no-frills setting. It’s the sort of place you could eat at everyday and Hong Kong doesn’t have anything like it.

5. What wine would you pair with an Asian dish?

Last year one of my best experiences was eating Hairy Crab while sipping Hestan Vineyards’ (Napa Valley) Chardonnay ’03. It was just crisp enough with a balanced acidity to cut through all the oiliness. Usually I stop at one or two hairy crabs, but that night I had half a dozen!


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