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China’s new Star Market may be a boon to stocks trading on main board, according to history

The opening of China’s new Nasdaq-styled technology board bodes well for investors betting on stocks trading on the main board, if history is any guide.There has been anguish among traders that the Science and Technology Innovation Board, also known as the Star Market, would drain liquidity from existing equities. Indeed, the Shanghai Composite Index dropped as much as 1.5 per cent on Monday morning while the stocks trading on the new board enjoyed stunning gains.The benchmark gauge has fallen… Source link

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Singapore 

‘Everything is gone’: Family lost most of their belongings in Boon Lay HDB flat fire, Singapore News

SINGAPORE – Hours after a fire engulfed their fourth-floor Housing Board flat in Boon Lay on Monday night (July 15), the family returned to find that little remained of their home. The Straits Times met Mr Che Rohisyam Che Zain and his wife Madam Assirah Ekbal on Tuesday afternoon as they were scouring their ruined two-room flat at Block 191 Boon Lay Drive, searching for salvageable household items. “Everything is gone. I was looking for my handbag which had about $800 in it but I couldn’t find it,” said Madam…

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Singapore 

6 injured, 100 evacuated as fire engulfs Boon Lay HDB flat, Singapore News

SINGAPORE – Six people were injured and about 100 residents had to be evacuated after a fire engulfed a fourth-floor Boon Lay Housing Board flat. The Singapore Civil Defence Force said it responded to the fire at Block 191, Boon Lay Drive, at 10.15pm on Monday (July 15). Police assisted SCDF officers in evacuating residents from the block, and six people were taken to Ng Teng Fong General Hospital. The fire was put out with one water jet. The blaze involved the contents of the flat and its cause is…

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Singapore 

Expect higher MRT fares: Khaw Boon Wan, Singapore News

The recent improvement in rail reliability has come at “substantial expense” to the operators and the Government, Transport Minister Khaw Boon Wan told Parliament yesterday as he signalled that commuters will soon need to pay higher fares to foot the bill. With the rail operators posting losses and the Government subsidising more than 30 per cent of public transport operations, Mr Khaw said that the next fare formula, due for a review in four years, needs to reflect the increased costs of operating the MRT system. Mr Khaw said the…

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Singapore 

Man hurls vulgarities at guy on bus, challenges him to fight for ‘looking’ at him at Boon Lay, Singapore News

A man was seen hurling vulgarities at another man on a public bus and challenging him to a fight for allegedly ‘looking’ at him at a bus stop along Boon Lay Way on Sunday evening (June 16). Stomp contributor Jan, who was on the receiving end of the man’s tirade, alerted Stomp to the incident and shared videos of what had happened. “My sister, her boyfriend and I saw this guy in black dancing on the road near the bus stop before The Synergy building at about 10.48pm,” he said.…

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Marco Rubio’s bill to increase the scrutiny of US-listed companies may be a boon to Hong Kong’s stock exchange. Here’s why

A United States bill that proposes to delist Chinese firms that don’t open their audit books to American regulators could benefit Hong Kong Exchanges & Clearing Limited as companies instead turn to the city’s bourse.Dubbed the ‘Equitable Act’, the bipartisan bill’s sponsors include Marco Rubio, a long term critic of China’s governance and human rights record. While the measure covers all US-listed firms, the focus is on China and on allowing the Public Company Accounting Oversight Board (PCAOB)… Source link

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Vietnam 

Online tax payment a boon to import-export businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — Around 99 per cent of import and export tax payments in HCM City are made online, according to the customs department. Switching to online payment has reduced work for customs officers and helped businesses save time and cost. According to the State Bank of Việt Nam, promoting online payment for public services is one of the goals of the Government. Lê Thanh Minh, an employee of a transportation company, said import and export procedures at customs offices have become easier and faster than before thanks to non-cash…

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China 

The US-China trade war has been a boon for Brazil’s soybean farmers. But can they keep up with Chinese demand?

There are winners and losers in any spat, and they are often not the parties at loggerheads.Brazil’s soybean farmers, for example, have triumphed spectacularly in the US-China trade war. In fact, they’ve done so well they may become victims of their own success, according to the head of a Brazilian trade promotion agency.After their shipments to China jumped by almost a third last year to fill the void left by soybean imported from the US, the South American growers may struggle to maintain the… Source link

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Escalating trade war a boon for Thailand industrial property as Chinese manufacturers shift production overseas

Thailand’s industrial property sector is profiting from the US-China trade war, as mainland Chinese manufacturers shift production to Southeast Asia in an attempt to avoid escalating tariffs.Chinese foreign direct investment (FDI) into the sector rose last year by 31.7 per cent to US$233 million, after declining by 15.7 per cent in 2016-17, according to Bank of Thailand data. In the same period, total FDI into Thailand skyrocketed by 130.5 per cent year on year, after rising by two-thirds in… Source link

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Singapore 

Khaw Boon Wan makes surprise visit to MGS to thank young well-wishers, Singapore News

SINGAPORE – Seven-year-old children were among the well-wishers who sent Transport Minister Khaw Boon Wan messages of encouragement when he was hospitalised for a fractured left arm. In a Facebook post on Wednesday (March 27), Mr Khaw, 66, said the youngsters, Primary 1 pupils from Methodist Girls’ School (MGS), had made personalised get-well cards for him. The colourful cards warmed his heart, the Sembawang GRC MP said. “It shows that the students have learnt to have empathy and be caring,” he added. Many well-wishers had helped ease his suffering with…

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