Vietnam 

Large FDI inflows to make Việt Nam among APAC’s fastest growing economies – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Stephen Schwartz Positive changes to Việt Nam’s macroeconomy have been recognised by international rating organisations, with the latest sovereign upgrade announced by Fitch Ratings last month. On the sidelines of the “Fitch on Việt Nam” event held in Hà Nội on Tuesday, Stephen Schwartz, head of Fitch Ratings’ Asia-Pacific Sovereigns, talks with Việt Nam News reporter Thu Hà about the impacts of the revision on Việt Nam’s economy and key drivers to help the country sustain its growth momentum. Why did Fitch Ratings decide to…

Read More
Vietnam 

VN to be among world’s most dynamic markets by 2030 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    An Hodgson, Euromonitor International’s income and expenditure research manager at a conference on Vietnamese consumer spending in the future. VNS Photo Bồ Xuân Hiệp   HCM CITY — With an emerging market economy and continued strong growth, Việt Nam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated concentration of income, wealth and population, would propel Việt Nam’s commercial success by 2030.  Published last month, the research…

Read More
Singapore 

Supermarkets and schools among 1,600 premises to reduce use of disposables, Singapore News

SINGAPORE – More than 1,600 premises – including food and beverage establishments, hotels, schools and supermarkets – will be encouraging the community to reduce the use of disposables such as plastic bags and takeaway containers over the next three months. They come under 59 organisations that have joined a nationwide National Environment Agency campaign to get the public to choose reusable options. Initiatives include displaying campaign visuals at cashier points, prompting customers to opt out of receiving disposable cutlery with online orders, and removing bottled water from meeting rooms. Senior…

Read More
Home 

Could seizure of Baoshang Bank lead to consolidation among China’s smaller banks with assets worth US$9.9 trillion?

China is set to see consolidation among its smaller banks after a rare government seizure of a troubled Inner Mongolia lender in May, as Beijing looks to avert any systemic risk amid a slowing economy and an escalating trade war with the United States.Mergers of weaker small banks with stronger peers is seen by analysts as the best option for a sector reeling from rising bad loans and funding costs, and which Beijing is wary of due to probable knock-on effects should some lenders start to fail… Source link

Read More
Singapore 

Large group of PMD users sound sirens, blast music as they ride among throng of people at Geylang, Singapore News

A group of personal mobility device (PMD) users made a nuisance of themselves as they were riding around Geylang. A video of the riders sounding sirens and blasting loud music was posted on SG Road Vigilante’s Facebook group page. It is unclear when exactly this happened but according to the caption, it was in May. The post added that the riders were using lights and sirens to “intimidate” other road users into giving way to them. Stomp earlier reported on a group of around 18 PMD riders seen crossing a…

Read More
Singapore 

Trackable letterbox mail, postman rating and specialisation among new SingPost measures, Singapore News

SINGAPORE – Singapore could be among the first in the world to roll out smart letterboxes nationwide, with features such as identity authentication for mail retrieval. SingPost is in “deep discussion” with government agencies on such smart letterboxes and other infrastructure upgrades that will make receiving mail and parcels more convenient and efficient, said its Singapore head and chief executive of postal services Vincent Phang. But for a start, it will be launching a new product that will allow customers to be notified when an item is delivered to their…

Read More
Home 

Huawei among more than 140 Chinese entities on US trade blacklist

The US government added Huawei Technologies to a trade blacklist earlier this month, restricting the Chinese telecommunications equipment maker’s ability to buy hardware, software and services from American hi-tech suppliers.That US blacklist, officially called the Entity List, identifies organisations and individuals believed to be involved, or pose a significant risk of becoming involved, in activities contrary to America’s national security or foreign policy interests.In total, there are now… Source link

Read More
Vietnam 

Việt Nam among top 3 ASEAN destinations for private equity investment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Inside the lab of DHG Pharmaceutical JSC, which sells 66.4 million shares to the Japanese pharmaceutical firm Taisho. The healthcare and pharmaceutical sector is among top six sectors that will attract private equity investment for the next 12 months. — Photo doanhnghiepdautu.net HÀ NỘI — Việt Nam is among the top three ASEAN countries attracting private equity (PE) investment in terms of deal value, according to a report released by the auditing and business consulting firm Grant Thornton.  The report noted that Việt Nam saw 38 PE transactions in 2018 with…

Read More
Home 

Donald Trump’s trade tariffs on China are neither a one-off nor unique among American presidents

“Give us a protective tariff and we will have the greatest nation on Earth.” That’s not a tweet from US President Donald Trump but a quote from Abraham Lincoln. In truth, historically, the United States has never been shy about setting tariffs when policymakers deemed it to be compatible with the national interest.  Trump is just the latest US president to like tariffs, and not just as a negotiating tactic.Undeniably, Washington was a key driver of the 1947 General Agreement on Tariffs and… Source link

Read More
Home 

China Life’s property investment arm among funds making hay as banks shy away from real estate

Chinese insurers are benefiting from Beijing’s deleveraging drive, as a scarcity of long-term funds helps them seal commercial property deals.Chinese commercial banks’ funding of the property sector has been clipped by the central government’s debt-reduction campaign, which has given insurers an upper hand when it comes to premier assets.China Life Capital Investment, the property investment arm of insurance giant China Life Insurance, is among the beneficiaries.“In the old days, some… Source link

Read More