Property 

Demand for office space in Hong Kong cools by the most in five months, but rents edge higher

New office lease activity in Hong Kong dropped by nearly a third in March – the most in five months – amid softening demand from mainland Chinese companies, JLL’s latest report showed.The 30 per cent drop in office lettings pushed up the overall available space to 95,700 square feet or 4.8 per cent, up from 4.7 per cent recorded in February.“If we are talking about month on month basis, it is the biggest drop since November 2018 when it dropped 55 per cent,” said Denis Ma, head of research at……

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Cause for jubilation is very much exaggerated as global markets are sleepwalking in unison toward a cliff’s edge. Here’s why

Just when everyone thought it was safe to come out, along came the International Monetary Fund (IMF) with its dire warning of threatening financial storms ahead, urging everybody to take cover. The markets may be sleepwalking in a convoy toward a potential crisis, the IMF suggested.This may sound too pessimistic, at a time when the global economic outlook appears to be brightening on hopes of a US-China trade deal, a generalised shift toward dovish central bank policies and some pickup in China… Source link

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Ecommerce 

Race is on for tech companies like Grab, Ant Financial to gain an edge in SE Asia's financial services market

In Southeast Asia, over 95 per cent of companies are small and medium-sized businesses, many of which find it difficult to gain access to funding. Now technology companies like Grab, Ant Financial and Tencent’s WeChat are hoping to fill the market gap by offering financial services like loans and payments.Grab, the Singapore-based ride-sharing company that has now expanded into everything from food-delivery to mobile payments, said on Tuesday that it is making a “full-scale push into lending… Source link

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Vietnam 

Cement, clinker demand to edge up this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Demand for cement and clinker is expected to increase marginally to 98-99 million tonnes, according to the Ministry of Construction. This would include domestic consumption of 70 million tonnes and exports of 28-29 million tonnes, it said. Demand grew by 19 per cent last year to 96.7 million tonnes, with exports accounting for 31.6 million tonnes after rising 55 per cent. Export prices too shot up last year to $44 per tonne from US$38-38.5 at the end of 2017. …

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Greater Bay Area is a chance for Hong Kong to show it hasn’t lost its edge

The Greater Bay Area plan, to be unveiled shortly, should be embraced and not feared. It will give Hong Kong the opportunity to showcase its strengths and a larger platform to stake its claim to innovation and excellence on many fronts. The last thing Hongkongers should do is doubt themselves or think they have lost their competitive edge. The city is not “finished” and innovation is thriving in many areas. Colonial Hong Kong is history. Hong Kong can carve a new role for itself if it wants to. The Greater…

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Hong Kong stocks edge higher on Monday, the last trading session of Year of the Dog

Hong Kong stocks ended the Year of the Dog on a positive note on Monday, with the benchmark Hang Seng Index rising by 0.21 per cent to 27,990.21 in a shortened session. In what has been a naughty run, the gauge declined by 10 per cent during the lunar year, its worst performance since the Year of the Goat in 2015. The market will reopen on Friday. The lunar year was marked by escalating tension between the United States and China, a slowing Chinese economy and a stronger US dollar…

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Besides US-China trade troubles, Europe’s economic and political struggles should have us on edge, too

It is always a wise idea to keep your friends close and your enemies closer. China and the US may be at each other’s throats, inflicting serious self-harm on their economies as the trade war drags on, but both countries have a mutual dependence – if one goes down, the other suffers, too. There is a strong imperative to bury the hatchet and resolve their differences – quickly and for everyone’s sake. The well-being of the rest of the world depends on it. The last thing the global economy needs…

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Huawei founder says West would be ‘foolish’ not to buy its 5G products as they are leading edge

Huawei founder Ren Zhengfei went on China’s state broadcaster to defend the telecom gear supplier’s track record in his first-ever television interview, a move prompted by western government bans on its 5G equipment over security concerns. Speaking in a CCTV interview that aired Sunday, the 74-year-old founder of the company said Huawei’s wireless and 5G solutions are world class and will solve issues many Western countries face in 5G development, especially in sparsely populated rural areas. “They are foolish and will lose money if they don’t buy [our products],” Ren…

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Hong Kong and China stocks edge lower led by Xiaomi on share sale report

Hong Kong and China stocks edged lower in early Wednesday trading, as a strong rally on Tuesday driven by China’s signals for fresh stimulus faded away. The Hang Seng Index dipped 0.2 per cent, or 45.18 points, to 26,785.11 as of 10:38am. The Shanghai Composite Index was down 0.1 per cent, or 2.6 points, at 2,567.75. The benchmarks jumped 2 per cent and 1.4 per cent on Tuesday, respectively. Chinese smartphone and home appliances maker Xiaomi led the decline and shed 1.9 per cent to HK$9.77, on the back of…

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Huawei unveils cutting edge chips and servers aimed at handling big data and AI tasks

Huawei Technologies, the world’s largest telecoms equipment vendor, on Monday unveiled a new self-designed CPU and server series, which it says sets new standards in terms of big data capacity and distributed storage. The new ARM-based CPU, called Kunpeng 920, uses a 7-nanometer process which significantly improves processor performance – outstripping the industry benchmark by 25 per cent – while lowering power consumption by about 30 per cent compared to competitors, according to a Huawei press release on Monday. The Shenzhen-based company, currently embroiled in a wider trade and technology…

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