Singapore 

Be aware of these 5 common mistakes to ensure a comfortable retirement, Lifestyle, Singapore News

The goal of a comfortable retirement is challenging for many. Even those that plan ahead can fall victim to a number of pitfalls. To help consumers achieve their retirement goals, we’ve identified some of these mistakes and provided advice for avoiding them. UNDERESTIMATING RETIREMENT EXPENSES Perhaps the most important factor in assessing the adequacy of one’s retirement savings is the estimated financial costs of retirement. One common mistake is to underestimate how much money one will require after retiring. There are a number of reasons that people commonly make this…

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Home 

Shanghai’s bourse asks banks, bondholders to cut debtors some slack to ensure financial stability through China’s 70th birthday

Shanghai’s stock market operator is stepping into the workout plans of corporate debtors on its bourse, aiming to calm nerves and buy more time for borrowers while the capital markets had been roiled by a deteriorating trade war and a slowing economy.During an August 5 meeting, the Shanghai Stock Exchange (SSE) asked holders of Hawtai Motor Group’s 5 billion yuan (US$284 million), five year puttable bond issued in 2016 to extend a put deadline to after China’s National Day celebrations on… Source link

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Vietnam 

PM works to ensure funding for expressway project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc asked contractors to return to work on the Trung Lương- Mỹ Thuận Expressway Project in a meeting yesterday in Hà Nội.— VNA/VNS Photo Thống Nhất HÀ NỘI — Prime Minister Nguyễn Xuân Phúc asked contractors to return to work on the Trung Lương- Mỹ Thuận Expressway Project in a meeting yesterday in Hà Nội. The PM also told the project’s credit institutions to make sure there will be sufficient funding for the project to proceed on schedule. The project was under threat of being delayed because it was…

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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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