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Stores close early, security heightened in Central as Hong Kong protesters clash with police

Dozens of retail stores closed their doors and some office workers were given the option to go home early in the Central area of Hong Kong Island as protesters blocked roads and clashed with police over a proposed extradition law on Wednesday.Security was also visibly heightened outside the offices of many financial companies after police fired tear gas to disperse protesters who surrounded Hong Kong’s legislative offices, evoking memories of the Occupy Central movement nearly five years ago… Source link

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Vietnam 

Logistics enterprises, schools work to close skills gap – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    HCM CITY — With e-commerce and automation changing the landscape of the logistics sector dramatically, there will be a focus on re-skilling the existing workforce in technology, which will improve the competitiveness of the logistics industry. The remark was made by Lê Duy Hiệp, chairman of the Việt Nam Logistics Business Association (VLA) at a recent forum in HCM City. He said that vocational education and training (VET) colleges often faced challenges aligning graduate’s skills with industry needs, which leads to skills shortages in the job market. …

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Stocks close mixed in Hong Kong and China amid mixed messages on progress of negotiations to end the ongoing US-China trade war

Hong Kong’s benchmark stock index rose, closing higher for the second day this week as investors squared off their short positions amid mixed messages emanating from the Trump administration on how talk are proceeding to resolve the trade war with China.The Hang Seng Index rose 0.3 per cent, or by 86.8 points to 27,353.93 at the close, while the China Enterprises Index advanced 0.4 per cent to 10,445.54.Stocks were mixed on the mainland Chinese stock markets, with Shanghai’s Composite Index… Source link

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Singapore 

Quarantine ends for 18 people who came into close contact with monkeypox patient: MOH, Singapore News

SINGAPORE – The quarantine period has ended for 18 people who came into close contact with a Nigerian man infected with monkeypox. The remaining four are expected to be released in the coming week after 21 days of quarantine if they continue to show no symptoms, the Ministry of Health (MOH) said on Tuesday (May 21). It added that the last person is scheduled to complete the quarantine on May 28. The victim, however, is still hospitalised at the National Centre for Infectious Diseases (NCID) where he is believed to…

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China 

Yet another scam in China’s fund management sector leaves investors scrambling to recoup close to US$1 billion

Shanghai-based asset management group PGA Venture Partners has suspended operations after failing to repay investors 6.6 billion yuan (US$967 million), the latest sign that the mainland’s finance sector is plagued by scams and frauds.No employees showed up at the company’s office in Jiangchang Road, Jingan district, on Thursday. The Post could not reach the company or its officials by phone.The company, also known as Yung Park Capital, said in a statement posted on the website that media… Source link

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China 

US-China trade deal may be close, but global trade recovery likely to lag behind, TS Lombard says

Global trade could remain subdued even if the US and China reach a deal to end their trade war later this month, according to the research firm TS Lombard.In its latest report on emerging markets, the firm said it expects a decline in emerging markets export growth to get even steeper in April despite a strong recovery in Chinese exports in March.“The model suggests that there will be a sharp downturn in China’s export growth in April followed by a smaller decline in May, while exports may… Source link

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Property 

Pay close attention to stamp duty when buying property in Hong Kong

I would like to share a case regarding stamp duty liability so as to remind both property agents and consumers of the importance of understanding the types and amount of stamp duty payable before entering into any provisional agreement for sale and purchase.An agent introduced an industrial property to a prospective buyer. When asked about the ad valorem stamp duty payable on the transaction, the salesman told her that she did not have to pay any stamp duty if she sub-sold the property as… Source link

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Singapore 

Up to 5 North-South Line stations to close on Vesak Day long weekend for construction works, Singapore News

SINGAPORE – Up to five stations between Admiralty and Yio Chu Kang MRT stations will be closed for three days during the Vesak Day long weekend (May 18-20) to facilitate the construction of a crossover track at the upcoming Canberra station. The leftmost lane of Canberra Link Road, heading in the direction of Sembawang MRT station, will also be closed between May 17 and May 20 as part of the works. The 72m crossover track, which will be built between Sembawang and the new Canberra station, will allow trains on…

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Vietnam 

MoT warns highway investor not to close road – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Transport has asked the investor of Hòa Lạc-Hòa Bình Expressway not to arbitrarily stop vehicles during maintenance work without its approval. “Investors have been instructed to complete procedures to meet the conditions for fee collections at toll booths on the expressway,” said Nguyễn Văn Công, deputy Minister of Transport. The Defence Ministry’s Corporation No. 36 (the project’s investor) previously announced that it would suspend services for vehicles travelling on the expressway from April 15. The reason for…

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Chinese sportswear giant Li-Ning’s shares surge close to eight-year high as profit beats estimates

Shares of Chinese sports brand Li-Ning sailed close to an eight-year high on Friday after the company beat full-year earnings expectations.The eponymous brand, founded by a former top Chinese Olympic gymnast in 1989, on Friday posted net profit of 715.26 million yuan (US$10.68 million) for 2018, up 39 per cent from the year before and beating the average estimate of 707.32 million by analysts polled by Bloomberg.Revenue rose 18 per cent to 10.51 billion yuan, beating predictions of 10.32… Source link

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