Vietnam 

Fintech firms need clear policy to develop – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Speakers at a meeting on August 20 discuss problems with the Vietnamese fintech sector. – Photo thoibaotaichinhvietnam.vn HÀ NỘI – Việt Nam needs a proper legal framework for financial technology (fintech) services, a State Bank of Vietnam official said on August 20. Ngô Văn Đức, deputy director of Payment Method Supervision at the State Bank of Vietnam, said there was no law or regulation on the management of fintech businesses and their services. The development of fintech businesses had not met expectations in recent years, he said. According to…

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Home 

With no clear path for Brexit, expect more volatility in UK markets

The United Kingdom’s newly minted Prime Minister Boris Johnson has stepped up his “no deal” rhetoric, claiming he will not meet with EU leaders unless they agree to change key aspects of Britain’s divorce deal and sending the British pound spiralling downwards.Regarding his purportedly hardline stance, Johnson’s exact words were “no ifs, no buts”. This position has prompted market concerns that the UK economy could face significant disruption in the event of a no-deal Brexit. As of writing, the… Source link

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Developer of some of Hong Kong’s smallest abodes may have sold at a loss just to clear the flats off its books to avoid vacancy tax

Mainland property developers that arrived late to Hong Kong are discovering not everything always ends well when it comes to risk taking in the world’s least affordable market for home ownership.Chinese developer Jiayuan International Group appears on track for a slim profit or even a loss in its first residential property investment in the city. The developer gave discounts of up to 37.6 per cent at T-Plus, a residential development in Tuen Mun featuring “micro homes”.The new price list,… Source link

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Singapore 

Singapore ‘clear, consistent’ in position that Malaysia has lost right to review water price under 1962 agreement, Singapore News

SINGAPORE – Singapore has always been prepared to settle disputes via appropriate international third-party dispute settlement procedures, on mutually agreed terms, said a Ministry of Foreign Affairs (MFA) spokesman. The Republic has also been clear and consistent in its position that Malaysia has lost the right to review the price of water under the 1962 Water Agreement, the spokesman said on Wednesday (March 13) in response to comments by Malaysian Foreign Minister Saifuddin Abdullah. No review of the price of water has taken place, the spokesman added. Mr Saifuddin, who…

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China 

China has made a clear effort to keep yuan exchange rate stable, PBOC says

The Chinese government has made a clear effort over the last four years to maintain a stable exchange rate in the face of sustained downward pressure on the yuan, People’s Bank of China governor Yi Gang said on Sunday.“Since the beginning of 2015, the RMB has been facing depreciation pressure from various external and domestic factors,” Yi said during the National People’s Congress meetings in Beijing. “However, facing this depreciation pressure, the Chinese monetary authorities are still… Source link

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China’s gaming regulator said to call halt on new approval submissions to clear backlog in potential blow to Tencent, NetEase

China’s State Administration of Press and Publications has called a halt on new gaming approval submissions to clear a backlog created by an earlier nine-month hiatus, according to a gaming company executive with knowledge of the matter.There is no confirmed date as to when the top gaming regulator will restart accepting submissions from its local bureaus, according to the person, who was informed by the local regulator this week and asked not to be named as the information is not public… Source link

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China’s Greater Bay Area still has hurdles to clear if it wants to be a tech challenger to Silicon Valley

The “Greater Bay Area”, touted as China’s answer to Silicon Valley, may serve as a symbol of China’s determination to match US technological might, but a shortage of top-notch talent and schools, along with the simmering trade war between the US and China, have clouded its prospects in the short term, according to analysts.Beijing wants this proposed integrated area, which links nine cities in Guangdong province – including Shenzhen and Guangzhou – with the Hong Kong and Macau special… Source link

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Vietnam 

Agribank must go IPO by 2020, clear all bad debts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Minister Huệ addresses a working visit to state-run Agribank on Monday. He demanded Agribank launch an Initial Public Offerings (IPO) by 2020. — Photo anninhthudo.vn Viet Nam News HÀ NỘI — The Vietnam Bank for Agriculture and Rural Development (Agribank) must resolve all non-performing loans kept at the Việt Nam Asset Management Company (VAMC) soon, said deputy PM Vương Đình Huệ. Huệ made the statement during his working visit to the state-run bank on Monday. He also demanded Agribank to launch an Initial Public Offering (IPO)…

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Home 

Supply and Demand – When Should Retailers Clear Their Stock?

[Sponsored Article] Managing Perishable Inventories in Retailing: Replenishment, Clearance Sales, and SegregationLI, Qing | YU, Peiwen | WU, XiaoliOperations Research, Vol. 64, No. 6, November–December 2016, pp. 1270–1284   Retail products such as food items and pharmaceuticals are perishable. For them, matching supply with uncertain demand is a challenge. Retailers sometimes run out of stock, which leads to revenue loss, and they sometimes have to throw away items that have passed their expiration dates. It was found that four main supermarkets in Hong Kong discard approximately 87 tons of food…

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Property 

Discounts are the order of the day for Hong Kong’s property developers to clear their stock, as prices trend downward

Sun Hung Kai Properties, Hong Kong’s biggest home developer, sold all of its flats on offer at Ma Tau Kok over the weekend, after discounting prices by 50 per cent on average, compared with a similar project in the same neighbourhood. The developer sold every one of the 155 flats in the first batch at the Downtown 38 apartment complex on Pai Tak Street in Ma Tau Kok, where prices for the units ranged from between HK$5.4 million and HK$7.9 million, or HK$17,621 to HK$19,193 per square foot. That is…

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