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Higher deposit for land sales will add pressure on small firms, tightening the big developers’ grip on Hong Kong’s land supply

The recent move by Hong Kong’s government to double the deposit for land tender sales, raised to deter defaults, will add to the financing pressure on small developers and put them at a disadvantage when they buy land in the world’s most expensive property market, analysts said.A HK$50 million (US$6.4 million) deposit now applies on all land parcels that are valued at over HK$400 million, while plots assessed at between HK$200 million and less than HK$300 million requires a non-refundable… Source link

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New Zealand helps Việt Nam add value to its dragon fruit – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Experts share the lessons learnt from the successful “New Premium Fruit Variety Development Project”, a six-year dragon fruit project funded by the New Zealand Aid Programme at a workshop held yesterday (June 5) in HCM City. Photo Thu Hằng HCM CITY — Achieving excellence at every step in the value chain is critical to the long-term commercial success of premium fruits, experts have said.  Speaking at a national workshop in HCM City yesterday (June 4) on the successful commercialisation of premium fruit varieties, Trần Kim Long, director of the Ministry of…

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China 

Just add H²0 to go? Chinese firm claims its hydrogen-powered car can travel 500km fuelled by water

A car company based in central China claimed it has built a hydrogen-powered vehicle that could travel up to 500 kilometres powered only by water.The prototype made by Qingnian Cars in Nanyang, a city in Henan province, made its maiden journey on Wednesday when local Communist Party chiefs visited the plant, according to the Nanyang Daily newspaper.The vehicle is not known to have been tested over longer distances, but Pang Qingnian, chief executive of the company, told Securities Times that it… Source link

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HSBC to add 1,000 jobs at tech development centres in Guangzhou, Shanghai and Xian as it looks to grow in China

HSBC Holdings plans to add more than 1,000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world’s second largest economy.Europe’s biggest bank by assets will boost headcount at its technology centres in Guangzhou, Shanghai and Xian by 14 per cent from a current 7,000-strong workforce, said HSBC chief information officer Darryl West.In recent years the London-based bank has spent US$3 billion annually on its group… Source link

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Vietnam 

Telecom firms add more transceiver stations to meet demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — Telecommunications companies are improving their services to meet the demand for livestreaming, watching online television shows and playing online games. The country has 64 million subscribers using the internet, including 99 per cent watching livestreaming, 55 per cent watching online TV shows, and 53 per cent playing online games, according to a report from the group We Are Social Organisations. YouTube, Facebook, Facebook Messenger, Zalo and Instagram are the most used platforms. They all provide livestreaming and sharing of photo and videos, which all use up a…

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Stock Blog: Mixed signals out of Washington, Beijing to add to volatility

It has been a rough, volatile week for markets globally, which woke up on Monday to US President Donald Trump’s tweets about raising tariffs on Chinese imports to America.  And this volatility is set to continue on Thursday after another night of mixed signals, where Trump expressed his optimism over a trade deal, but Beijing signalled it would retaliate if the White House follows through with its tariff threats.  Moreover, overnight, the US Trade Representative’s office took a formal step… Source link

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Vietnam 

Việt Nam’s digital transformation expected to add US$162 billion to GDP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Visitors at Seamless Vietnam 2018, which focused on e-commerce, retail and electronic payment. E-commerce is one of the keys that are expected to drive Việt Nam into a digital economy. — VNA/VNS Photo Mỹ Phương HÀ NỘI — Việt Nam could enjoy an additional US$162 billion to GDP in the next 20 years if the country succeeds in its digital transformation, said Deputy Minister of Planning and Investment Vũ Đại Thắng. Thắng was referring to research conducted by Australia’s Data 61 at a conference held in Hà…

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Global 

China’s Belt and Road Initiative will add US$117 billion to global trade this year, a new study shows

Merchandise trade between China and the countries targeted by its Belt and Road Initiative is predicted to grow by US$117 billion this year, according to new analysis. For China, this will mean US$56 billion in additional exports, while it will import an extra US$61 billion worth of goods from the 80 countries named in the Chinese government’s official manifesto, research from trade credit insurer Euler Hermes shows. The report estimates that this will add 0.3 per cent to global trade and 0.1 per cent to global growth, at a time…

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Vietnam 

Vietnam Airlines and Jetstar Pacific add 134,000 seats for Tết holiday – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Vietnam Airlines and Jetstar Pacific will add 134,000 seats on domestic routes for the Tết holiday. — VNA Photo Viet Nam News HÀ NỘI — Vietnam Airlines and its member budget carrier Jetstar Pacific will supply 134,000 additional seats during the Tết (Lunar New Year) holiday from January 20 to February 19. Vietnam Airlines said it would add 54,000 seats, equivalent to nearly 230 flights, on domestic routes; meanwhile, Jetstar Pacific will add more than 80,000 seats. The two airlines will focus on additional flights from Hà…

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Vietnam 

Developers race to add value to projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Property developers are racing to increase added value for their projects to attract buyers as competition becomes increasingly harsh. According to Nguyễn Đỗ Dũng, managing director at Singapore-based urban solution consulting company EnCity, this competition is shaping new trends in the real estate market. Việt Nam still has multi-billion dollar urban area projects left deserted, a demonstration of the inefficient use of land resources and investments in the country, according to Dũng. Dũng said urban development posed significant challenges to Việt…

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