Singapore 

Fire the size of a football field breaks out near Jurong Town Hall Road, Singapore News

SINGAPORE – A fire broke out at an open grass patch near Jurong Town Hall Road on Friday (Sept 20). The Singapore Civil Defence Force (SCDF) said it was alerted to the fire, which was near the Ayer Rajah Expressway, at 5pm. SCDF said water jets were used to put out the fire, which broke out across an area roughly the size of a football field. Videos of the fire show white smoke rising from the grass patch, adding to the haze in the area. SCDF said no one was…

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Home 

China’s scrapping of QFII and RQFII caps on foreign investment will have a very limited effect, say analysts

On the face of it, China’s recent move to scrap two important quotas limiting foreign investment in the country’s equities was a major step towards market liberalisation.But in reality it will make very little difference because the programmes under which the caps operated were already becoming somewhat redundant, according to analysts. In fact, the quotas that have been removed had been in no danger of being breached for at least a decade.China announced on September 10 that it would removed… Source link

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Singapore 

Youth, 18, among 5 nabbed in CNB blitz, Singapore News

Five suspected drug offenders were arrested and $78,000 worth of drugs seized, including 1kg of heroin, in two operations on Thursday, the Central Narcotics Bureau (CNB) said. The suspects include an 18-year-old Singaporean found with 345g of cannabis, which CNB noted was enough to feed the addiction of 49 abusers for a week. He was arrested at a Housing Board void deck near Serangoon North Avenue 1 and is being treated as a suspected drug trafficker. Officers also found a digital weighing scale in his flat. Four men were arrested…

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Vietnam 

Realty, construction firm delays 2016 dividend payout again – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A corner of the Mỹ Đình-Mễ Trì urban area, a project developed by Sudico. The firm’s shares fell 1.5 per cent on Friday. — Photo sudicosd.com HÀ NỘI — The Sông Đà Urban and Industrial Zone Investment and Development JSC (Sudico) has delayed the 2016-17 cash dividend payouts again. The company plans to pay dividends for the two years on December 31, 2020. It previously scheduled the payments for 2016 financial year on September 30, 2019 and for 2017 financial year on September 30 and December 31, 2019. Cash dividend…

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Singapore 

Haze in S’pore: Air quality inches towards unhealthy levels again, on second day of F1 weekend, Singapore News

SINGAPORE – The haze that lifted on Friday seems to be back on Saturday (Sept 21), the second day of the Formula 1 weekend. Air quality deteriorated overnight as the 24-hour Pollutant Standards Index (PSI) inched towards the “unhealthy” range. The 24-hour PSI reading was 92 to 97, within the moderate range, at 10am on Saturday. It was up from a reading of 66 to 67 at 10pm the previous night. A PSI reading of zero to 50 indicates good air quality while a reading of 51 to 100 is in…

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Vietnam 

Expo facilitates mechanical engineering industry in the north – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    An overview of MTA HANOI 2018. Photo mtahanoi.com HÀ NỘI — The 7th International Precision Engineering, Machine Tools and Metalworking Exhibition & Conference (MTA HANOI 2019) will return to the capital city next month, striving to make greater contributions to the mechanical engineering sector in the north. With the theme of “We are Industry 4.0 ready!”, the upcoming exhibition will witness the participation of 158 businesses from 15 countries and territories including those from South Korea, Japan, Hong Kong, Taiwan, Singapore, Germany, the UK and the US.   Covering an area…

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Vietnam 

E-commerce booming but hard to control – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Vietnamese consumers spend an average of 7 hours a day online. 90 per cent of the urban population and 50 per cent of the rural population use smartphones. Photo doanhnhansaigon.vn HÀ NỘI E-commerce in Việt Nam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues. The statement was made by Đàm Thanh Thế, Chief of the Standing Office of National Steering Committee 389, at a conference held in Hà Nội on…

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Home 

Indonesian e-commerce unicorn Tokopedia to build ‘super ecosystem’ after Bridestory acquisition

Indonesian wedding services marketplace Bridestory made headlines when it was acquired by Tokopedia, the country’s largest e-commerce platform, in June this year.What started as a discussion in late 2018 about a potential collaboration between Kevin Mintaraga, Bridestory’s co-founder and chief executive, and William Tanuwijaya, co-founder and chief executive of Tokopedia, eventually led to the e-commerce unicorn’s “proposal” to acquire the online wedding marketplace operator. The deal was made… Source link

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Vietnam 

TTC Sugar sells shares to a board member – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Thành Thành Công-Biên Hòa (TTC Sugar) plant. The company will sell 33.5 million shares to a member of the directors’ board. — Photo ttcsugar.com.vn HÀ NỘI — A member of the board of directors at Thành Thành Công-Biên Hòa JSC (TTC Sugar) will buy 33.5 million shares of the company. Huỳnh Bích Ngọc’s stake will increase to 49.1 million shares, equal to a 8.4 per cent stake, from 15.55 million shares, equal to a 2.65 per cent stake. The transactions will be carried out between September 17 and October…

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Property 

Swire becomes first Hong Kong developer to offer relief, lowers rents temporarily at Pacific Place in protest-hit Admiralty

Swire Properties said on Friday it would offer “temporary rental adjustments” to tenants at Pacific Place, its flagship shopping centre in the protest-hit district of Admiralty, becoming the city’s first developer to cut rents.Some shops at Pacific Place, home to international luxury brands such as Louis Vuitton, Chanel and Cartier, had to shut down early during weekends after protesters gathered in the area to demonstrate against the now-withdrawn extradition bill.“We can confirm that Pacific… Source link

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