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High data centre rents have allowed three firms to dominate US$883 million Hong Kong market

Land scarcity and some of the highest rents in Asia-Pacific have allowed three operators of data centres to dominate the market – estimated at US$883 million – in Hong Kong. According to a report released on Wednesday by Toronto-based consultancy Structure Research, which focuses on data centre and internet infrastructure, NTT Communications, a subsidiary of Japan’s largest telecommunications company, Nippon Telegraph and Telephone Corporation, Sunevision Holdings, the technology arm of Hong Kong property developer Sun Hung Kai Properties and US-based global co-location data centre operator Equinix command 55 per cent…

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Singapore 

Overheating wok leads to fire at Telok Blangah hawker centre, 12 stalls affected, Singapore News

SINGAPORE – A fire broke out at a hawker centre in Telok Blangah on Monday morning (Feb 11). At least 12 stalls were affected after the gas supply was cut as a result, Chinese paper Shin Min Daily News reported. The Singapore Civil Defence Force (SCDF) said that it responded to the fire at 11 Telok Blangah Crescent at 9.08am. The fire involved a wok in a hawker stall, the SCDF said. No injuries were reported. The first firefighter who arrived at the scene observed flames coming from a partially…

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Singapore 

Chinatown Complex Food Centre hawker centre guide: 12 stalls to try before they close for renovation in March 2019, Singapore News

Compared to hawker centres like Maxwell and Newton Circus, Chinatown Complex Food Centre isn’t as popular a tourist attraction … until Liao Fan Hawker Chan received a Michelin star. When we heard that this humble hub was going to undergo renovation from 1 March to 31 May this year, we had to visit, partially in fear that some of the beloved old hawkers will choose to retire instead of coming back. Here’s our list of 12 stalls you should try when you visit: JIA JI MEI SHI (#02-166) Photo: City…

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Vietnam 

Ikea to open retail centre in Hà Nội – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Ikea’s retail centre and warehouse system in Hà Nội will become its main supply hub for the Southeast Asian market. — Photo cafef.vn Viet Nam News HÀ NỘI — Swedish home furnishings giant IKEA plans to build a retail centre and warehouse system in Hà Nội with an investment of US$450 million, said Nguyễn Đức Chung, chairman of the city’s People’s Committee.  Chung told a meeting in Hà Nội on Thursday the centre would be IKEA’s main supply hub for Southeast Asia as soon as it comes into…

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Singapore 

Man taken to hospital for burns after power bank explodes in his pocket at Bedok hawker centre, Singapore News

SINGAPORE – A man was taken to hospital on Friday evening (Jan 11) after suffering burns from a power bank, which had exploded in his pocket. The middle-aged man at Bedok Interchange Hawker Centre burnt his palm when he reached into his pocket to remove the device, reported Chinese-language daily Lianhe Wanbao. The Singapore Civil Defence Force said it responded to a call at about 6.40pm at Block 209 New Upper Changi Road. The man, who is in his 40s, was taken to Changi General Hospital. Ms Wendy Hong, 60,…

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China 

Goldman Sachs at centre of latest bout of nationalism and resentment in China over Sinopec oil deal

China’s efforts to woo foreign businesses in an attempt to offset the trade war with the United States is battling against a rising tide of resentment, with American investment bank Goldman Sachs the latest to fall foul of a growing bout of nationalism. Despite holding a tight grip over online debate as well as official media, the central government in Beijing is struggling to control outbursts of speculation against foreign firms at a time when China is keen to prove its free trade credentials. And while it is hard to…

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Vietnam 

SBV Centre issues first dollar-buying rate hike since Feb 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV)’s Operations Centre has decided to adjust the reference exchange rate of the Vietnamese đồng against the US dollar for the first time since February 2018. The centre has raised its buying rate of the dollar against the đồng for commercial banks by VNĐ500 to VNĐ23,200 per dollar starting on Wednesday. SBV uses the rate as a reference to buy US dollars from commercial banks. It kept the selling rate unchanged at VNĐ23,463 per dollar. This was the…

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Property 

Without sufficient land supply, can Hong Kong maintain its status as a data centre hub?

Land scarcity is a major threat to Hong Kong’s booming data centre industry and its status as a regional hub, according to Sunevision Holdings, the technology arm of Sun Hung Kai Properties. The city’s data centre market is projected to increase from US$705.5 million in 2016 to US$1.5 billion in 2021, a five-year compound annual growth rate of 16 per cent, according to Structure Research, an independent research and consulting firm focusing on the internet infrastructure – cloud and data centres – market. Hong Kong’s race with Singapore to be…

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Ecommerce 

2018 China tech review: Look back at a year when gaming was whacked, AI moved ahead and technology took centre stage in trade war

While 2018 may be coming to at end, the ups and downs of China’s tech scene are not even close to taking a breather. This year witnessed the continued ascendance of Chinese smartphone brands, wider deployment of artificial Intelligence technology, e-commerce moving offline, and the first roll out of China’s home grown electric cars. On the downside, there has been a reversal of fortunes in the once high-flying cryptocurrency world, escalating government controls over games, the humbling of companies in the sharing-based economy, and Chinese technology giants caught in the…

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Singapore 

Childcare centre Maple Bear apologises after misunderstanding involving elderly man and 4-year-old girl, Singapore News

SINGAPORE – Childcare centre Maple Bear on Thursday (Dec 20) said that it has very clear standard operating procedures for dismissal times involving children under its care, after a misunderstanding occurred when an elderly man tried to pick up a four-year-old girl at the centre. In a statement posted on Maple Bear’s Facebook page on Thursday, chief executive Patricia Koh said that all Maple Bear schools have pledged to create a safe, secure and stimulating environment for all young children. “It always takes something like this to keep us on…

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