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China’s Greater Bay Area still has hurdles to clear if it wants to be a tech challenger to Silicon Valley

The “Greater Bay Area”, touted as China’s answer to Silicon Valley, may serve as a symbol of China’s determination to match US technological might, but a shortage of top-notch talent and schools, along with the simmering trade war between the US and China, have clouded its prospects in the short term, according to analysts.Beijing wants this proposed integrated area, which links nine cities in Guangdong province – including Shenzhen and Guangzhou – with the Hong Kong and Macau special… Source link

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Vietnam 

Tra fish industry needs intensive development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News AN GIANG – The tra fish industry needs to focus on intensive farming this year to increase efficiency and sustainable development. Minister of agriculture and rural development, Nguyễn Xuân Cường, spoke at a conference on implementing development plans for the tra fish industry this year held in An Giang February 18. Cường said this year the industry strives to reach 1.51 million tonnes of tra fish output and export value of tra fish at about US$2.4 billion. He said that localities should promote…

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Vietnam 

Vietnamese mangoes to be exported to US – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — After 10 years of negotiations, Vietnamese mangoes were licensed for export to the US on Feb 18. Speaking at a ceremony to announce the licence held in Hà Nội on the same day, deputy minister of Agriculture and Rural Development Lê Quốc Doan said US imports of mangoes from Việt Nam have shown effective co-operation between the two countries in the agricultural sector. “Mangoes are a strong fruit of Việt Nam. The approval from the US for the imports has been…

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Vietnam 

Blue chips drive indexes upwards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese shares gained again on Monday afternoon as cash continued to pour into some individual large-caps, supporting the indices. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange inched up 1.09 per cent to close at 961.30 points. The southern market index gained 4.64 per cent last week. More than 194.6 million shares were traded on the southern bourse, worth nearly VNĐ4.1 trillion (US$175.3 million). In the afternoon, strong gains of blue chips such as DHG Pharmaceutical Joint…

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Can China’s ‘Greater Bay Area’ really rival the likes of Tokyo, New York and San Francisco?

About fours years after China’s top economic planners coined the term “Greater Bay Area”, details about the initiative were finally be unveiled on Monday. First mentioned in a 2015 blueprint of Beijing’s Belt and Road Initiative, the term has become a buzzword among business communities in southern China and beyond.The initiative aims to connect the former European colonies of Hong Kong and Macau with nine cities in China’s southern Guangdong province. Officials from the three jurisdictions… Source link

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Global 

China applauds ‘positive’ Donald Trump tweet, hopes for US trade war deal ahead of Washington talks

Chinese President Xi Jinping urged for a “mutually beneficial” trade deal in this week’s talks when he met US trade representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin in Beijing on Friday, according to Xinhua. Photo: Xinhua Source link

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Property 

Qatar’s property market faces reality check ahead of World Cup amid oversupply, spat with Gulf neighbours

Qatar’s Doha Tower, a spiked cylinder that glows orange at night, won an award when finished in 2012 amid a Gulf-wide property boom, but today about half of its 46 floors are empty.The office tower, now a familiar part of the capital’s high-rise skyline, has run foul of what real estate brokers, bankers and analysts say is an oversupplied Qatar property market ahead of the 2022 World Cup that mirrors a real estate downturn in the wider Gulf region after a drop in oil prices.Qatar has the added… Source link

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Hong Kong watchdog issues record HK$15.2 million fine to Chinese broker over failure to report money laundering

The Securities and Futures Commission, Hong Kong’s securities watchdog, has fined mainland Chinese state-owned firm Guosen Securities (HK) Brokerage a record HK$15.2 million (US$1.9 million) for failure to report money-laundering activity, it said on Monday.An investigation found the Hong Kong unit of Shenzhen-based Guosen had processed 10,000 third-party deposits amounting to HK$5 billion for more than 3,500 clients during a 14-month period until December 2015.Hong Kong markets watchdog to sue… Source link

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Vietnam 

Ministry warns about inefficiency at State-owned Licogi – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Copyrights 2012 Viet Nam News, All rights reserved .Add:79 Ly Thuong Kiet Street, Ha Noi, Viet Nam. Editor_In_Chief: Trinh Thanh Thuy Tel: 84-24-39332316; Fax: 84-24-39332311 E-mail: vnnews@vnagency.com.vn Publication Permit: 381/GP-BTTTT. Source link

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Singapore 

Singapore Budget 2019: 10 things to know, from Bicentennial Bonus to Merdeka Generation Package, Singapore News

SINGAPORE – Finance Minister Heng Swee Keat’s fourth Budget speech was a wide-ranging and forward-looking one, with a strong focus on building a strong and united nation in the face of global changes. Details of the much-discussed Merdeka Generation Package were released, along with a slew of benefits for Singaporeans young and old as the country marks its bicentennial year. Mr Heng, who delivered his speech in Parliament on Monday (Feb 18), also announced measures to help businesses, workers and families. Curious about what’s in store for you in this…

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