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China, Hong Kong shares soar on news of Trump-Xi agreement to talk trade at G20

Mainland and Hong Kong markets surged after presidents Donald Trump and Xi Jinping spoke on the phone and put trade talks on their agenda when they meet in Japan next week for the G20 summit.The Shanghai Composite Index jumped 2.2 per cent to 2,953.34, before settling back to 2,934.8 with a 1.5 per cent gain. The Shenzhen Component Index soared 2.3 per cent, and the Nasdaq-style ChiNext Index advanced 2.1 per cent in the latest trading.The Hang Seng Index climbed, and was last up 2.3 per cent… Source link

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Vietnam 

Trade agreement to boost exports of micro, small and medium-sized enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers at the APEC capacity-building workshop on the Trade Facilitation Agreement of the WTO for micro, small and medium sized enterprises. — VNS Photo Bồ Xuân Hiệp HCM CITY — The World Trade Organisation (WTO) Trade Facilitation Agreement (TFA) will help micro, small- and medium-sized enterprises (MSMEs) further diversify exports and expand markets, as well as improve GDP growth in Việt Nam, experts said on June 13 at a seminar held in HCM City.   Representatives from APEC-member economies, including government officials, MSME policy-makers, the private sector, and MSMEs discussed the benefits of the agreement at a…

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Vietnam 

Việt Nam gathers opinions on direct power purchase agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Participants at the Public Consultation Workshop on DPPA Design and Pilot Planning for Việt Nam. — Photo World Bank HÀ NỘI — The Ministry of Industry and Trade (MoIT) and the US Embassy on Wednesday introduced a proposal for a Direct Power Purchase Agreement (DPPA) in Việt Nam. This new policy is expected to allow businesses in Việt Nam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 per cent renewable energy. During the development of this innovative mechanism, the…

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Cracking the trade war code: why China and the US may quietly reach an agreement

On May 20, 1970 – a date every Chinese pupil knows by heart – after American and South Vietnamese forces mounted an incursion into Cambodia, Chairman Mao Zedong famously issued a statement, “People of the world, unite and defeat the US aggressors and all their running dogs!”, which was read out the next morning to a 500,000-strong crowd at an anti-US rally in Tiananmen Square.On May 20, 2019, a cheering crowd in Jiangxi province listened as President Xi Jinping called for a “new Long March” and… Source link

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What the US will lose in a trade agreement with China, thanks to Donald Trump

As the US and China get closer to a possible trade deal, the World Trade Organisation is set to lose its principal role as an arbiter of disputes. That has significant consequences for global trade, and underlined the re-emergence of bilateral agreements that once hindered global trade and development for decades. It’s no surprise that US President Donald Trump’s go-it-alone strategy to upend the status quo runs straight through Geneva. As a presidential candidate, he ran on rebellion. Once in… Source link

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Singapore 

Lee Hsien Loong: 1962 Water Agreement is a “fundamental founding document”; both sides to seek amicable solution, Singapore News

PUTRAJAYA – The water agreement is a “fundamental founding document” for Singapore and Malaysia and both countries have to abide by it, Prime Minister Lee Hsien Loong said on Tuesday (April 9). “It’s a basic term on which the two countries decided to manage our relationships,” he said. “If you look at it from that point of view, to be able to change it is a very high hurdle.” Speaking at a joint press conference with his Malaysian counterpart Mahathir Mohamad at Perdana Putra after their Leaders’ Retreat, Mr Lee…

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Elon Musk tweet about Tesla violates settlement agreement, US regulator tells court

A tweet about Tesla production targets by Elon Musk was “a blatant violation” of a court order to get his written communications pre-approved, US securities regulators told a judge on Monday, doubling down on the government’s demand to find the electric carmaker’s chief executive in contempt of a previous fraud settlement.The Securities and Exchange Commission wrote in a filing in federal court in Manhattan that Musk’s February 19 tweet to his more than 24 million Twitter followers claiming… Source link

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Vietnam 

PetroVietnam and Petronas sign gas agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

PetroVietnam and Petronas signed a heads of agreement (HOA) for sale and purchase of additional gas to Cà Mau gas, power and fertiliser complex. — Photo petrotimes.vn Viet Nam News HCM CITY — Việt Nam National Oil and Gas Group (PetroVietnam) and Malaysian oil and gas corporation Petronas last week in HCM City signed a heads of agreement (HOA) for the sale and purchase of additional gas to Cà Mau gas, power and fertiliser complex. Under the HOA, the complex would receive additional gas of one billion cu.m…

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Singapore 

Singapore ‘clear, consistent’ in position that Malaysia has lost right to review water price under 1962 agreement, Singapore News

SINGAPORE – Singapore has always been prepared to settle disputes via appropriate international third-party dispute settlement procedures, on mutually agreed terms, said a Ministry of Foreign Affairs (MFA) spokesman. The Republic has also been clear and consistent in its position that Malaysia has lost the right to review the price of water under the 1962 Water Agreement, the spokesman said on Wednesday (March 13) in response to comments by Malaysian Foreign Minister Saifuddin Abdullah. No review of the price of water has taken place, the spokesman added. Mr Saifuddin, who…

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Singapore 

All parties must honour terms of water agreement: Singapore, Singapore News

SINGAPORE – Singapore has reiterated that all parties to the water supply agreement with Malaysia must adhere to its terms, after the Johor state government announced on Friday (March 1) plans to produce its own treated water. The southern Malaysian state currently supplies raw water to Singapore, and relies on Singapore for its supply of treated water. “Singapore notes the Johor state government’s plans to increase its capacity to produce treated water to meet its own needs,” Singapore’s Ministry of Foreign Affairs said in a statement on Sunday night. “This…

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