China 

China must ensure transparency to boost credibility of Belt and Road projects, former US diplomat says

China must ensure transparency surrounding the projects under its controversial Belt and Road Initiative to attract international investors, said Daniel Russel, the vice-president of the Asia Society Policy Institute and a former top US diplomat in Asia.The strategy is the cornerstone of President Xi Jinping’s foreign policy that seeks to build infrastructure projects and improve global trade to connect Asia with Africa and Europe, but it has attracted a barrage of criticisms from China’s… Source link

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China’s securities watchdog to ‘ensure the country’s capital market sound and solid’

China’s securities watchdog is tightening regulatory oversight of trading in Shanghai and Shenzhen, clearing the backlog of suspended companies and launching new products as foreign investors show growing interest in the country’s capital market, once derided as a casino amid runaway investment and insider trading.The move is aimed to ensure a sound capital market to drive economic growth, according to Li Chao, a vice-chairman of the China Securities Regulatory Commission.Speaking at a forum in… Source link

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China 

China needs to ‘ensure a smooth switch’ amid rising demand for natural gas

China’s surging natural gas demand in 2019 will require more efforts to better connect end users to suppliers as government policies and a recent tax cut will continue to spur consumption of the clean-burning fuel, a senior industry executive said.China’s gas demand will expand by 30 billion to 40 billion cubic metres (bcm) this year, Li Yalan, chairwoman of Beijing Gas Group, the main supplier to the Chinese capital, said in an interview on Friday.That would be an increase of as much as 14 per… Source link

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Vietnam 

Gov’t takes bold measures to ensure safety of finance system – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

There were 1,181 people’s credit funds operating in 57 cities and provinces by the end of June last year.—VNA/VNS Photo Viet Nam News HÀ NỘI — Poorly-performing State-owned people’s credit funds – a type of credit institution focusing on people in rural areas to help them escape poverty and avoid dependence on loan sharks – will be merged, acquired or dissolved to ensure the safety of the country’s finance and banking system. The plan was part of a directive released last week by Prime Minister Nguyễn Xuân Phúc…

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China’s institutions and banks need help from the world’s civil society to ensure the Belt and Road Initiative remains green

Activists of 12 countries conducted rallies in London, Hong Kong and Nairobi last week to protest financing by Bank of China to build the Batang Toru Dam in Indonesia’s North Sumatra, due to its catastrophic impact on communities and biodiversity.If built, scientists say that the dam will doom the Tapanuli orangutan, which was only discovered in 2017, almost to certain extinction. It would also impoverish downstream communities who rely on the natural flow of the river for their livelihood.With… Source link

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Vietnam 

HCM City to ensure pork supply – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY  —  HCM City authorities have developed plans to ensure pork supply for city residents after swine fever was detected in pigs in the northern city of Hải Phòng in late February. Huỳnh Phương Trang, deputy director of the HCM City Department of Trade and Industry, said the department was working with major pork suppliers in the city to ensure supply of clean pork to city residents in case swine fever affects the southern region. Pork sales at Vissan shops have slightly increased,…

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Vietnam 

Vinacomin asked to ensure coal supply, enhance quality – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Workers at a mine of Vàng Danh Coal Joint Stock Company, a member of Vinacomin. – Photo vinacomin.vn Viet Nam News In 2019, Vinacomin targeted to reach a production output of 40 million tonnes, revenue of VNĐ128 trillion (US$5.6 billion) and average monthly salary of VNĐ11.3 million, from VNĐ10.8 million in 2018. It estimated total coal consumption demand at 42 million tonnes in 2019. Vinacomin’s report showed that the company achieved positive business results in 2018 with all indicators exceeding the targets. Coal production in 2018 reached…

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Vietnam 

Central bank takes steps to ensure ATM service quality before Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The central bank has directed ATM service providers to take proactive steps to ensure machines do not run out of cash ahead of the Tết holday. — VNA/VNS Photo Viet Nam News HÀ NỘI — The State Bank of Việt Nam (SBV) has directed relevant agencies to take rapid measures to ensure automatic teller machine (ATM) service quality and safety during the months approaching the Tết (Lunar New Year) holiday, when there is high demand for cash transactions. SBV has told service providers to check their ATM systems…

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Singapore 

Singapore files declaration under Unclos to ensure no party unilaterally starts third-party action against Republic, Singapore News

SINGAPORE – Singapore has filed a declaration under the United Nations Convention on the Law of the Sea (Unclos) to ensure that no signatory of the international treaty can unilaterally start third-party arbitration or adjudication on maritime boundary disputes involving the Republic. Singapore said it believes such disputes are best settled through negotiations, failing which, it is prepared to take them to an international third party for settlement on terms that all sides agree to. The Republic filed the declaration under Article 298(1)(a) of Unclos on Wednesday (Dec 12), in…

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Vietnam 

HCM City companies ensure supply of goods for Tết – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Most HCM City businesses have prepared more than enough goods at stable prices for the Tết (Lunar New Year) holiday, which falls on February 5. Nguyễn Ngọc An, general director of Vissan Joint Stock Company, the country’s leading food producer, said the company began its plans for the year’s biggest holiday a few months ago. The company would supply 3,200 tonnes of fresh meat and 2,800 tonnes of processed foods, 15-20 per cent higher than for last Tết. It also…

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