Vietnam 

Cà Mau targets US$1.2 billion in aquatic exports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A shrimp farm in the southernmost province of Cà Mau.  VNA/VNS Photo Vũ Sinh CÀ MAU — The southernmost province of Cà Mau will use effective shrimp farming models on a large scale to export US$1.2 billion worth of aquatic products in the remaining months of the year. According to the provincial People’s Committee chairman Nguyễn Tiến Hải, local agencies and farmers have been urged to apply modern, eco-friendly shrimp farming models that adapt to climate change. They are expected to improve the efficiency of breeding shrimp quality control and disease…

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Singapore 

Auditor-General finds lapses in procurement, contracts and IT controls in public agencies, Singapore News

SINGAPORE – Weaknesses in IT controls, as well as irregularities in procurement and contract management were among the key financial lapses in several ministries and government agencies flagged by the Auditor-General’s Office (AGO) in its latest annual report. The report was made public on Tuesday (July 16), after the AGO’s audit of government accounts for the 2018/2019 financial year. The report covers the financial statements of all 16 ministries and eight organs of state, as well as nine statutory boards, four government funds, four government-owned companies and three other accounts.…

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Vietnam 

Home Credit unveils new in-app feature – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Home Credit Vietnam unveils new in-app feature. — VNS Photo HCM CITY — Financial consumer company Home Credit Vietnam has recently unveiled a new in-app loan installment payment feature with AirPay e-wallet in an effort to support the State Bank of Việt Nam’s promotion of cashless payments.  The new feature also reflects the company’s priority for digitalisation, with the aim of shifting customers’ experiences “from fast to instant”.   With the new feature, customers can make payments anytime and anywhere without traveling to the point of sale. They do not have to pay extra fees or remember contract information because all data is stored in the system. …

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Global 

Trump’s tweets part of ‘propaganda and psychological war’ as China defends second quarter growth rate

US President Donald Trump exaggerated his criticism of China’s economy, according to a state-run newspaper, suggesting Washington was attempting to step up its propaganda and psychological efforts to pressure Beijing into a deal to end the trade war.Trump’s need to sway voters ahead of next year’s presidential election promoted him to over-interpret China’s second quarter growth data which was released Monday on, according to a commentary published on Tuesday by the Global Times, a hardline,… Source link

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Vietnam 

Vietnam Airlines Group makes $2.24 billion in revenue – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnam Airlines’ Boeing 787-9 Dreamliner. Vietnam Airlines says its consolidated pre-tax profit was estimated at VNĐ1.65 trillion in the first half of this year, up 30 per cent compared to the plan. — Photo Vietnam Airlines HÀ NỘI — Vietnam Airlines Group, listed with code HVN, earned nearly VNĐ52 trillion (US$2.24 billion) in consolidated revenue in the first half of this year, marking a year-on-year increase of 5.5 per cent. The information was released on Tuesday showing that its consolidated pre-tax profit was estimated at VNĐ1.65 trillion, up 30 per cent compared…

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Home 

Hong Kong protests will put off 350,000 mainland Chinese tourists this year, HSBC estimates

The massive protests that have rattled Hong Kong in recent weeks will put hundreds of thousands of mainland Chinese tourists off visiting the city this year, according to HSBC.The bank believes that the number of visitors from the mainland will continue to grow in 2019, but at a slightly slower rate than it had forecast before people took to the streets in their millions to demonstrate against the now-suspended extradition bill.It has revised down its estimated growth of mainland tourist… Source link

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Home 

China stocks drop amid low volatility as caution over subdued earnings, growth mounts

China stocks fell for the first time in four days on Tuesday as traders assessed the outlook for corporate earnings and economic growth. Volatility on the benchmark Shanghai Composite Index also fell to about a four-month low.The index declined 0.2 per cent, or 4.57 points, to 2,937.62 at the close. The daily swing in the benchmark has not exceeded 1 per cent over the past week on a closing basis, leaving the gauge’s 60-day volatility close to its lowest level since March.In Hong Kong, the Hang… Source link

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Singapore 

Fashion obsessives’ Singapore label is a labour of love, Lifestyle, Singapore News

In a fashion landscape where less is very rarely more, one Singapore label is quietly going against the flow with its take on slow fashion – with a Japanese twist. Clothing label Biro was founded by brothers Kenghow and Kage Chong, who have an almost obsessive love for rare, premium textiles handmade in Japan. Launched in 2013, the brand features a tightly curated collection of Japan-made utilitarian apparel, including denim jeans, shirts, tees and jackets. The pieces may seem all too basic at first glance, but a closer study of…

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Home 

IMAX to roll out 40 new theatres across China, after boom in first-half box office income

IMAX China Holdings, the exclusive licensee of ultra-wide screen IMAX film technology in Greater China, will join forces with South Korean cinema chain CGV to provide 40 new theatres on the mainland, after IMAX theatres posted record first-half box office income in the country.More than half of the new theatres will adopt IMAX’s new laser projector technology, which provides brighter images and sharper resolution, according to Jim Athanasopoulos, chief financial officer of IMAX China, the Hong… Source link

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Singapore 

SingPost launches new platform to rate postmen, Digital, Singapore News

SINGAPORE – From Tuesday (July 16), residents of Yishun and Bukit Timah will know who their postman is and can rate him or her through a new feedback channel SingPost is launching to improve service standards and address letterbox-related issues more quickly. Residents in postal districts beginning with 58, 59, 65 and 76 can now enter them on the mypostman.sg website to read short biographies of their neighbourhood postman. They can also leave a rating and comments that will be shared with them, SingPost said on Tuesday. This is available now just to…

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