China 

China’s economic census uncovers more fake data as officials promise ‘zero tolerance’ to data manipulation

Officials in the central Chinese city of Guanghan have been found to have gone to extraordinary lengths to manipulate raw data to obscure the real picture of the health of the economy, according to the National Bureau of Statistics, in the latest case to undermine the accuracy of economic data in the mainland.Local census staff from the county-level city in southwestern Sichuan province, which has a population of more than 600,000, had been instructed by local officials to create a system that… Source link

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Vietnam 

Only 32% of Vietnamese consumers trust personal data security – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    HCM CITY – Only 32 per cent of consumers in Việt Nam believe their personal data will be treated in a trustworthy manner by organisations offering digital services, according to a study recently released by Microsoft and IDC Asia Pacific. The study, “Understanding Consumer Trust in Digital Services in Asia Pacific”, aims to understand consumers’ expectations of trust, uncover their experiences with digital services, and provide tangible insights to organisations to help bridge the gap by learning about and sustaining the trust of consumers in the digital world. The study said that today, almost…

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Home 

Bears gather as data shows Hong Kong home prices retreat for second week after peak in May

Hong Kong home prices were down for a second consecutive week through Sunday, after hitting a record at the end of May, evidence that may suggest a broader correction is underway, according to experts.The Centa-City Leading Index, a home price gauge compiled by Centaline Property Agency, showed prices for lived-in homes dropped 1.43 per cent to 186.26, for the week ended June 9.“The uptrend of home prices has been hindered,” said Wong Leung-sing, senior associate director of research at… Source link

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Home 

Stocks Blog: Investors brace for fresh data offering clues on China economy as trade impasse drags on

Happy Friday, traders! And what a week it has been, what with the protests in Hong Kong on Sunday and Wednesday against an extradition bill adding to investor uncertainty over trade. We will have May industrial production and retail sales out of China today. Chinese drugmaker Hansoh Pharmaceutical Group debuts in Hong Kong today, raising about US$1 billion in one of the city’s biggest IPOs this year. Also, on trade, US economic adviser Larry Kudlow said overnight it wouldn’t be good for… Source link

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Singapore 

Data science used to analyse the differences between Singapore subreddit and EDMW forum, Digital, Singapore News

Singaporeans looking to voice their opinions in an online community can be roughly partitioned into four demographics — those on Reddit, those who frequent Hardware Zone’s Eat Drink Man Woman (EDMW) forum, those who go on Twitter, and those who post on Facebook groups (Complaint Singapore, ugh). The two communities that are typically at odds with each other are the Redditors on r/Singapore and the posters on EDMW, and it’s not hard to see why. Where the former appears more structured and cultured, the latter is a free-for-all for random topic…

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China 

China’s banks remain reluctant to lend amid US trade war uncertainty, new data shows

Chinese banks lending was slightly higher in May from a month earlier, but the value remained below expectations as the impact of the trade war played on lenders’ minds, leading to speculation that the economy may need another, bigger jolt in the arm.The value of new yuan-denominated loans dropped to 1.18 trillion yuan (US$170.54 billion) in May, lower than the market expectation of 1.3 trillion yuan and only slightly higher than April’s reading of 1.02 trillion yuan, according to data released… Source link

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Singapore 

Best SIM-only plans for light, moderate, and heavy data users, Digital, Singapore News

For years, fixed mobile plan contracts by Singtel, StarHub, and M1 locked you in for a period of 12- to 24-months with no way to switch telcos or plans without paying a hefty early termination penalty. How did they attract you to sign up with them? The main tactic was to dangle the latest smartphone at an attractive upfront “discount” – provided you sign up or recontract with them, locking you in again for another 24 months. Obviously, it wasn’t really a discount – the cost of the smartphone was…

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Singapore 

GrabCar fined $16,000 for leaking data of 120,000 customers in marketing e-mails, Singapore News

SINGAPORE – Ride-hailing firm GrabCar has been fined $16,000 for the unauthorised disclosure of the names and mobile numbers of 120,747 customers in marketing e-mails. The 2017 incident arose from an e-mail mismatch where the affected customer’s data was disclosed to only one other individual in each case. Mr Tan Kiat How, the Commissioner for the Personal Data Protection Commission, said on Tuesday (June 11) that GrabCar took immediate action and made changes to its practices. These changes included requiring “a third person to perform sanity checks of the data…

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Home 

Stocks Blog: Traders look to China data for clues on stock direction

Good morning, traders. More from the “Tariff Man” overnight. “It’s me right now that’s holding up the deal. And we’re going to either do a great deal with China or we’re not going to do a deal at all, ”US President Donald Trump said. Meanwhile, the SCMP reports that the US wanted “enormous, even hundreds” of changes to Chinese laws to protect intellectual property, which was a key factor in the collapse of trade talks. China May inflation data is to come out this morning. China Securities… Source link

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Home 

Hong Kong stocks climb most in six months on upbeat China export data; Macau casino operators hit a daily hot streak

Hong Kong and mainland stocks rose on Monday, with the city’s benchmark posting its biggest gain in six months, after official data showed China exports topped estimates.The Hang Seng Index rallied 2.3 per cent to 27,578.64 for its biggest gain since December 3. China’s Shanghai Composite Index added 0.9 per cent to 2,852.13, closing higher for the first time in seven days. Both markets were shut on Friday for a public holiday.Investors got a respite from a report released by the customs office… Source link

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