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CK Asset postpones sale of luxury flats estimated to cost more than US$12.7 million citing social turmoil

CK Asset Holdings, the second largest developer by market value in Hong Kong, has become the latest builder to defer the sale of its luxury residential project, as 10 weeks of social turmoil has severely hurt consumer sentiment.The as-yet unnamed project at 21 Borrett Road, in Mid-Levels, was originally expected to be released for sale this month.Executive director Justin Chiu Kwok-hung said on Tuesday that the group had decided to postpone the sale of the luxury flats that would cost more than… Source link

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Vietnam 

Credit growth rate estimated at 2.28 per cent in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Total outstanding loans of the banking system rose 2.28 per cent as of March 25 and the total means of payment grew by 2.67 per cent compared to late 2018. Nguyễn Thị Hồng, Deputy Governor of the State Bank of Việt Nam (SBV), made the statement at a press conference on the monetary policy and operations of the banking system in the first quarter of 2019 in Hà Nội on Monday. The central bank reported that in the first three months of…

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Money 

Bill Gates becomes the second centibillionaire on earth, after Jeff Bezos, as his estimated net wealth reaches 12 digits

Bill Gates, former Microsoft CEO and co-founder of the Bill and Melinda Gates Foundation, at the Reinvented Toilet Expo in Beijing on Tuesday, November 6, 2018. Gates joins Amazon’s founder Jeff Bezos as the world’s second centibillionaire, whose wealth is estimated at US$100 billion. Photo: AP Source link

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Which economy, estimated at US$28 trillion, is bigger than the US or China? It’s women

Narrowing the gender gap in the workplace could boost global gross domestic product by 31 per cent or US$28 trillion, the size of the US and China GDP combined, according to a report by BofA Merrill Lynch.But the current pace at which the gap is reducing, it will take 202 years to close the gap. And analysts say that there is still a long way to go to advance gender equality in the workplace as millions celebrate International Women’s Day on Friday.By 2020 women are expected to hold US$72… Source…

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Bourse operator Hong Kong Exchanges and Clearing reports record net profit of HK$9.3 billion, beats estimated

Hong Kong Exchanges and Clearing, which operates the Hong Kong stock exchange, the third-largest bourse in Asia, on Wednesday reported a record net profit of HK$9.3 billion (US$1.18 billion) for last year, an increase of 26 per cent over 2017.A listing reform introduced in April 2018 brought in a higher number of mega flotations and bigger turnover.The profit for last year beat the HK$7.96 billion earned in 2015. It was announced a day ahead of the release of a three-year strategic plan by HKEX… Source link

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Vietnam 

Digital content revenue estimated at $895 million in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Digital content revenue was estimated at US$895 million last year, of which revenue from digital content export reached $775 million, according to the Ministry of Information and Communications (MIC). The whole digital content industry has more than 3,700 enterprises with nearly 63,000 employees. The average income per capita in the digital content sector is more than $7,000 per person per year. According to MIC’s information, VNG is the domestic digital content enterprise with the highest revenue. VNG’s revenue reached VNĐ3.16…

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Impact of China’s tax-cut stimulus is estimated at US$300 billion, or 1.2 per cent of output, according to JPMorgan’s economists

China’s government is turning increasingly to tax cuts as the first line of defence against a slowing economy, in a departure from the wasteful infrastructure binges of the past. Further evidence of the shift emerged Tuesday, as senior policy officials pledged that tax reductions on a “larger scale” are in the pipeline, amid worsening economic data. JPMorgan Chase economists estimate the total impact will be around 2 trillion yuan (US$300 billion), or 1.2 per cent of gross domestic product. Last May the government cut value added taxes for manufacturing, transportation,…

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