Vietnam 

ACV’s operation methods to be approved this year: BVSC research – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    From January to June, ACV served 37 million domestic visitors corresponding to the growth of passengers over the same period of 7.5 per cent.  — Photo enternews.vn HÀ NỘI — After the Aviation Corporation of Việt Nam (ACV) equitised, assets at flight operations areas still belong to the State, leading to the failure of ACV to perform necessary maintenance, according to the analysis team of Bảo Việt Securities Joint Stock Company (BVSC). Currently, the runways at Nội Bài and Tân Sơn Nhất International Airports have deteriorated and could pose a threat to…

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Vietnam 

Sharing economy project approved – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Grab is a typical model of sharing economy. — Photo vccinews.vn HÀ NỘI — A sharing economy project was approved on Monday to ensure an equal business environment among enterprises in the sharing economic model and traditional companies. Prime Minister Nguyễn Xuân Phúc issued a decision to approve the project. The project aims to ensure the rights, responsibilities and benefits of parties participating in the sharing economic model, including service providers, users and platform providers. At the same time, the project encourages innovation, the application of digital technology and the…

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Vietnam 

Maritime Bank approved to implement Basel II standards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A customer makes a transaction at a Maritime Bank office in Hà Nội. — VNA/VNS Photo HÀ NỘI — The State Bank of Việt Nam has approved Maritime Commercial Joint Stock Bank (MSB) to apply the Basel II standards, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. Compliance with Basel II means that MSB is recognised as a safe, efficient and transparent bank. It will operate under stricter rules on risk management according to international standards, helping to enhance its position and increase competitiveness. In…

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Singapore 

New drug approved for late-stage breast cancer, Singapore News

A drug that has been used to treat ovarian cancer since 2014 was approved last month by the Health Sciences Authority (HSA) for treating late-stage breast cancer in patients with a rare genetic mutation. Called Olaparib, the drug is more effective and less toxic than chemotherapy drugs. It kills cancer cells containing mutated BRCA1 and BRCA2 genes – which normally function as tumour suppressors – by inhibiting their ability to repair their DNA. However, Olaparib does not come cheap. A month’s supply can cost up to $8,000 before subsidies. Associate…

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Vietnam 

Vietnam Airlines approved for listing on HoSE – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnam Airlines planes anchor at Tân Sơn Nhất International Airport in HCM City. VNA/VNS Photo Huy Hùng HCM CITY — The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Hồ Chí Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse. The company will move to HoSE from the Unlisted Public Company Market (UPCoM) and the stock ticket will remain as HVN. The company’s market value on HoSE is approved at VNĐ14 trillion (US$602 million). Vietnam Airlines planned to switch to HoSE…

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Home 

Tencent shares rise after game is approved, but tech giant can’t keep Hong Kong gauge from slipping below 30,000 mark

Hong Kong and mainland China stocks on Thursday recorded their biggest daily declines since March 25, defying a rise in inflation to safer levels in China amid continued concerns about global growth.On the mainland, the Shanghai Composite Index extended losses through the day to end down 1.6 per cent at 3,189.96, while the CSI 300 Index of large caps listed in Shanghai and Shenzhen shed 2.16 per cent to 2,997.58.In Hong Kong, the Hang Seng Index closed below the 30,000 mark, which it had been… Source link

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Vietnam 

No SOE equitisation plans approved in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — No State-owned enterprises (SOEs) gained approval for their equitisation plans in the first three months of 2019, according to the Ministry of Finance’s Corporate Finance Department. Đặng Quyết Tiến, the department’s general director, said at a press conference on Thursday that the lack of approvals had slowed the equitisation plan set by the ministry for SOEs under its management. In 2019, the finance ministry has set a goal to equitise 18 SOEs, plus 41 SOEs left over from 2018 that failed…

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Home 

Hong Kong property tycoon Gordon Wu’s US$2.7 billion Hopewell privatisation plan approved

Property tycoon Gordon Wu Ying-sheung’s HK$21.2 billion (US$2.71 billion) plan to privatise Hopewell Holdings was approved by shareholders on Thursday, as one of the Hong Kong’s longest listed companies prepares to delist.But the success of the deal puts in doubt the future role of Wu’s son, Thomas Jefferson Wu, the 46-year old deputy chairman and managing director, as he will not hold any share in the company after the privatisation.The junior Wu did not join his father and family members in… Source link

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Vietnam 

Two solar power projects approved – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Bà Rịa – Vũng Tàu enjoys fovourable conditions for solar power development. — Photo baodautu.vn Viet Nam News HÀ NỘI — Bà Rịa-Vũng Tàu People’s Committee has granted in principle approval for two domestic enterprises to develop two solar power plants, with combined investment of more than VNĐ1.5 trillion (US$64.4 million) in the province.  The HCM City-based energy development company will pump VNĐ796 billion into the development of a 42ha solar power plant in Tầm Bó reservoir. Meanwhile, the DTD natural energy investment company in HCM City will…

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Vietnam 

Unrestricted foreign ownership at Sabeco approved – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The Saigon Beer – Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission dated Monday approving unrestricted foreign ownership at the largest beverage company in Việt Nam. Accordingly, the foreign ownership cap of 49 per cent at Sabeco would be removed and the maximum rate of foreign ownership would be 100 per cent, the company said. Sabeco’s board of directors approved unrestricted foreign ownership on October 30 after removing business lines…

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