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Hong Kong’s stock indexes climb on China’s vow to further open financial sector as Mengniu Dairy cheers newly appointed chairman

Hong Kong stock indexes advanced on the Chinese government’s pledge to open up the country’s financial services sector to foreign competition, while electronic component makers rose on Apple’s better-than-expected quarterly earnings.The Hang Seng Index rebounded from early losses to close Thursday 0.8 per cent higher at a six-day high of 29,944.18, while the China Enterprises Index rose 0.1 per cent to 11,556.72, the third day of gains out of four. Turnover in Asia’s second-largest capital… Source link

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Singapore 

Heng Swee Keat to be appointed Deputy Prime Minister; DPMs Teo Chee Hean and Tharman Shanmugaratnam to become Senior Ministers, Singapore News

SINGAPORE – Finance Minister Heng Swee Keat will become Deputy Prime Minister from May 1, in a move that cements his standing as Singapore’s next prime minister. Meanwhile, both existing DPMs – Mr Teo Chee Hean and Mr Tharman Shanmugaratnam – will relinquish their appointments, the Prime Minister’s Office (PMO) announced in a statement on Tuesday (April 23). They will be appointed Senior Ministers and remain in Cabinet. Mr Heng will remain Finance Minister, and continue chairing the Future Economy Council and National Research Foundation. He will be appointed Acting…

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Singapore 

Singtel CEO Chua Sock Koong becomes first woman to be appointed to Council of Presidential Advisers, Singapore News

SINGAPORE – Singtel group chief executive Chua Sock Koong has become the first woman to be appointed to the Council of Presidential Advisers (CPA). She was among the three people appointed to the council on Wednesday (Jan 2), including its new chairman, Mr Eddie Teo. The other appointment was that of Mr Chua Thian Poh as a council member. Ms Chua, an alternate member, was nominated and appointed by President Halimah Yacob. Madam Halimah formally appointed all three to the CPA at a ceremony at the Istana on Wednesday. The…

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Victoria Tang appointed Shanghai Tang’s creative director as brand returns to Chinese ownership

Victoria Tang has been appointed as Shanghai Tang’s creative director, the Post has learned. Tang is the eldest daughter of the late Sir David Tang, who founded the lifestyle brand in Hong Kong in 1994 and made it China’s first global luxury brand. David Tang, also the founder of Hong Kong’s exclusive China Club, died in August 2017. Expanding rapidly around the world, at its peak Shanghai Tang boasted boutiques in fashion capitals London and New York. Italian owner wants to take Hong Kong fashion brand Shanghai Tang global In…

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Vietnam 

New chairman appointed at BIDV – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Phan Đức Tú, the new chairman of BIDV. — Photo ndh.vn Viet Nam News HÀ NỘI — The State Bank of Việt Nam has appointed Phan Đức Tú as the new chairman of the Bank for Investment and Development of Việt Nam (BIDV). Prior to this appointment, Tú was a member of BIDV’s board of directors and general director of the bank. Born in 1964, Tú has a degree from the Banking University of HCM City and a masters in business administration. He started working for BIDV…

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