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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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Property 

UK property agents at gloomiest for 10 years in latest monthly Royal Institution of Chartered Surveyors snapshot

Brexit uncertainty and a lack of affordability in some areas continue to stifle the UK housing market, leaving Britain’s property agents with their gloomiest view of property values in 10 years.The latest monthly snapshot from the Royal Institution of Chartered Surveyors (Rics) shows a further weakening of the market, with demand, prices and sales expectations all down.The industry survey came as the latest government figures showed annual house price growth across the UK had slowed to its… Source link

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Vietnam 

Hà Nội to hold conference on investment, tourism promotion with Japan – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The annual Cherry Blossom Festival in Hà Nội is one of the activities promoting investment and tourism between Hà Nội and Japan.— Photo: hanoimoi.com.vn Viet Nam News HÀ NỘI — Hà Nội will host a conference to promote investment and tourism co-operation between Hà Nội and Japan on March 29, according to the city’s People’s Committee. This year’s conference is expected to attract representatives from more than 200 businesses, including around 120 delegates from Japan. During the conference, Hà Nội’s authorities will give an overview of the…

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Vietnam 

Foreign investors exchange 3.9m FPT shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

IT technicians work at FPT Software Village – a tech hub run by IT group FPT Corporation at Hà Nội’s Hòa Lạc High-Tech Park. Foreign investors on Friday traded nearly 3.9 million shares of the IT giant. — Photo vozforums Viet Nam News HÀ NỘI — Foreign institutional investors traded nearly 3.9 million shares of tech firm FPT Corporation on Friday, according to the Vietnam Securities Depository (VSD). Foreign investment fund VOF Investment Limited of the asset management firm VinaCapital sold more than 3.55 million FPT shares to…

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Vietnam 

Investors pledge VNĐ30 trillion in tourism in central and Central Highland regions – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A view of Ninh Chữ Beach in central Ninh Thuận Province. The central region has been urged to promote tourism development. – Photo news.zing.vn Viet Nam News HÀ NỘI — Investors have pledged to invest more than VNĐ36.1 trillion (US$1.5 billion) into 19 tourism projects in the central and Central Highland regions. The 19 projects received initial investment approvals at a conference for the region’s tourism development held on Saturday with the participation of Prime Minister Nguyễn Xuân Phúc. Among the seven provinces and cities which received…

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Global car giants are the Nokia of today, rolling towards commercial extinction

Think of the smartphone in your pocket. Now compare it with the mobile phone you might have carried 20, or even 30, years ago.They are hardly comparable. They are different sizes, different shapes, and worlds apart in what they can do.That brick from 20 years ago could make telephone calls and send short text messages – if you were lucky enough to have cellular coverage.With today’s smartphones you can not only watch movies, you can make them. They can monitor your health and fitness, tell you… Source link

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HNA mulls sale of Swiss aircraft maintenance firm SR Technics, potentially raising US$1 billion

HNA Group, the embattled Chinese conglomerate, is exploring options for Swiss aircraft-maintenance firm SR Technics including a potential sale, people familiar with the matter said.The Chinese group, which grew out of an airline on tropical Hainan island, is working with an adviser on the potential disposal, the people said. HNA’s 80 per cent stake in SR Technics could be valued at US$700 million to US$1 billion, said the people, who asked not to be identified because the matter is private… Source link

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Singapore 

Singapore Budget 2019: $1.1b Bicentennial Bonus for Singaporeans, Singapore News

SINGAPORE – To celebrate the bicentennial year, a $1.1 billion Bicentennial Bonus will be shared with Singaporeans, said Finance Minister Heng Swee Keat said on Monday (Feb18). The bonus is part of two initiatives that will be launched to commemorate the year, with the other being a Bicentennial Community Fund. As part of the Bicentennial Bonus, 1.4 million lower-income Singaporeans will receive up to $300 through a GST Voucher cash payouts. The bicentennial payment, which will be received at the end of 2019, is meant to help them with their…

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