Floating holidays amid Kerala's greenery


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My husband and I will be travelling to Kerala next month for a week's holiday in Cochin. We are planning to tour the state's famous backwaters in a houseboat but have no idea how to go about booking one. Can you suggest a couple of tour operators? Cochin is full of local tour operators who will efficiently organise customised stays on a houseboat with a cruise of the lagoons. Most tours start in Alleppey, about a two-hour drive from Cochin. It is home to some of the southern state's most spectacular backwaters. Houseboat cruises are very popular here and are quite inexpensive, especially during the monsoon season (June to September). Each houseboat has its own service staff, navigator and chef. All the meals feature traditional Keralite food so this is a good chance to savour Kerala's mouthwatering cuisine (if you want vegetarian fare, make a request at the time of booking).

The boats always stop for the night at about 6pm and the tour resumes in the morning after breakfast. Remember that breakfast is served rather early, so be prepared for a knock on your door anytime between 6am and 8am. Checkout is usually before 10am but may vary according to place and the tour operator. Requests to be picked up and dropped off at points other than those listed in the itinerary can be arranged for a small fee. Grandeur houseboats (www.keralahouseboat.co.in; 00 91 99 9544 9500) has an office opposite Cochin International Airport. A standard one-night tour (check-in at 11.30am) kicks off with a cruise around Punnamadakayal, Vembanad Lake and Marthandom. After lunch, the boat visits the villages of Kuppapuram and Kuttamangalam in Mutteal Thodu. In the evening, after coffee and snacks, guests will be taken on a canoeing trip followed by a walk through one of the local villages and early dinner by candlelight. After breakfast the next morning, the boat will tour the villages of Erumpamthodu and Kannitta before heading back to Alleppey. The company offers everything from cosy houseboats meant for a couple to luxurious seven-bedroom affairs. A standard air-conditioned houseboat costs from about US$125 (Dh400) per night based on two people sharing and includes all meals (breakfast, lunch, evening snacks and dinner) and taxes. Checkout is at 9.30am. Kerala Houseboat (www.keralahouseboat.org; 00 91 484 326 0738) is based on the banks of the Pamba River and near the famous Kainakary Lagoon. Its fleet consists of one- to four-bedroom houseboats. After check-in (12.30pm), the afternoon is spent touring the surrounding villages, followed by lunch and a stop at a local village (destinations can be picked when booking) where, if you like, you can buy fresh seafood from fishermen and have the boat's chef cook it. The evening is spent on the houseboat, right in the middle of the lake. A tour of the backwaters in a one-bedroom air-conditioned houseboat costs about $140 (Dh515) per night based on two people sharing and includes taxes and all meals. Checkout is at 9am.

Houseboats of Kerala (www.thehouseboatskerala.com; 00 91 9995732100) offers eco cruises that take in remote villages in and around Alleppey, starting at Kumarakom. Guests have the option of stopping at popular tourist spots at no extra cost. Transport from the houseboat dock to Cochin is extra. A one-bedroom houseboat (air-conditioned) costs from $150 (Dh560) per night, and includes taxes and all meals. Check-in is at noon and checkout at 10am.

Do you have travel questions or queries? E-mail them to us at travel@thenational.ae

The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

The alternatives

• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.

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2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.

• PayPal is probably the best-known online goods payment method - usually used for eBay purchases -  but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.

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Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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FINAL LEADERBOARD

1. Jordan Spieth (USA) 65 69 65 69 - 12-under-par
2. Matt Kuchar (USA) 65 71 66 69 - 9-under
3. Li Haotong (CHN) 69 73 69 63 - 6-under
T4. Rory McIlroy (NIR) 71 68 69 67 - 5-under
T4. Rafael Cabrera-Bello (ESP) 67 73 67 68 - 5-under
T6. Marc Leishman (AUS) 69 76 66 65 - 4-under
T6. Matthew Southgate (ENG) 72 72 67 65 - 4-under
T6. Brooks Koepka (USA) 65 72 68 71 - 4-under
T6. Branden Grace (RSA) 70 74 62 70 - 4-under
T6. Alexander Noren (SWE)  68 72 69 67 - 4-under

ENGLAND SQUAD

Goalkeepers Henderson, Pickford, Pope.

Defenders Alexander-Arnold, Chilwell, Coady, Dier, Gomez, Keane, Maguire, Maitland-Niles, Mings, Saka, Trippier, Walker.

Midfielders Henderson, Mount, Phillips, Rice, Ward-Prowse, Winks.

Forwards Abraham, Barnes, Calvert-Lewin, Grealish, Ings, Kane, Rashford, Sancho, Sterling.

 


 

TALE OF THE TAPE

Manny Pacquiao
Record: 59-6-2 (38 KOs)
Age: 38
Weight: 146lbs
Height: 166cm
Reach: 170cm

Jeff Horn
Record: 16-0-1 (11 KOs)
Age: 29
Weight: 146.2lbs
Height: 175cm
Reach: 173cm

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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SPECS
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Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

The specs: 2018 Nissan Altima


Price, base / as tested: Dh78,000 / Dh97,650

Engine: 2.5-litre in-line four-cylinder

Power: 182hp @ 6,000rpm

Torque: 244Nm @ 4,000rpm

Transmission: Continuously variable tranmission

Fuel consumption, combined: 7.6L / 100km

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The years Ramadan fell in May

1987

1954

1921

1888

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France