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Chinese investors head to Southeast Asia for acquisitions as they face rising barriers in the US and Europe, Baker McKenzie says

Corporate executives in Asia-Pacific remain upbeat on international investments, although interest in Southeast Asia has begun to displace previously previous favoured destinations, according to a survey by law firm Baker McKenzie.Destinations such as Europe, the UK and the US have fallen out of favour to Thailand, Vietnam and other nations that make up Southeast Asia, according to the survey, which polled 600 corporate executives in the Asia-Pacific.About 63 per cent of executives based in… Source link

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Vietnam 

Cashew processors face difficulties with raw material imports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Domestic cashew processing enterprises have faced difficulty in import raw cashew because of new regulation. – Photo vinacas HÀ NỘI Domestic cashew processing enterprises have been facing difficulties due to a new regulation that requires additional checks on raw materials imported from African ports. Đặng Hoàng Giang, vice president and general secretary of the Việt Nam Cashew Association (Vinacas), said: “The domestic industry is facing difficulties this year, and new regulations has pushed up production costs.” They needed more time and money to obtain customs clearance, according to the association.…

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China’s electric car makers face ‘critical’ maturity period over the next two years, KPMG says

The next two years will be “critical” for China’s new energy vehicle (EV) makers as the industry matures and Beijing slashes subsidies that have encouraged consumers to adopt the technology, a KPMG executive said on Wednesday.Philip Ng, head of technology at KPMG China, said that consolidation is likely in the industry in the next 18 months to two years, particularly as EV makers face tighter capital markets and challenges to build consumer trust in the world’s largest car market.“All of those … Source link

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Stocks Blog: China's stocks face headwinds as traders weigh where to place their bets

Got a bit of jitters? If so, you aren’t alone among traders in mainland and Hong Kong markets, where bears came out swinging Monday, sending the Shanghai benchmark down for the third consecutive trading day and the Hang Seng to its lowest level in nearly two weeks. Check in with us throughout the day to catch up on the latest action. We also feature our “Crystal Ball,” in which leading experts offer you their insights on where they think sectors and companies are going.  Your market guides… Source link

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Jet Airways in tailspin, nosedive at IndiGo. New Delhi must stop India’s aviation sector crashing – or face election turbulence

When Bhaskar Dahbi booked a last-minute flight from the southern Indian city of Hyderabad to the western city of Ahmedabad to attend his uncle’s funeral, little did he know his 1,200km journey would be in vain. The software developer, 27, arrived at the airport in good time to cover any eventualities and things appeared to be going his way. All around him, flights were being delayed, rescheduled or cancelled but at least the departures board suggested his own flight would be spared the chaos. … Source link

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Singapore 

Woman jailed for slapping baby’s face and lying to police about offence, Singapore News

SINGAPORE – Angry that a sick 15-month-old boy under her care had refused to swallow his medicine, a babysitter slapped the child’s face, causing it to turn red. The woman later lodged a police report to try to absolve herself from blame, claiming that the redness was caused by an unknown man slapping the baby. The 41-year-old babysitter was sentenced to six weeks’ jail on Thursday (March 21) for one count each of assault and giving false information to a police officer. She cannot be named due to a gag…

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Ecommerce 

No sleep, no sex, no life: Tech workers in China’s Silicon Valley face burnout before they reach 30

He is so focused on his keeping his start-up alive that he can’t sleep at night. She was asked in an interview if she would be willing to break up with her boyfriend for the job. A young couple want their own family but have no energy for sex after work.These are some of the struggles faced by the hundreds of thousands of young workers in China’s tech industry. Like Yu Haoran, a 26-year-old computer science major, who in 2014 founded Jisuanke, a start-up in Beijing’s hi-tech Zhongguancun… Source link

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Chinese, Southeast Asian company executives more ready than their European peers to face tougher data-privacy regulation, study finds

Company executives in China and Southeast Asia are more confident than their European counterparts when it comes to how ready they are to face stricter rules over the use of consumer data, according to a new study by The Economist Intelligence Unit.American executives, however, believe they are the most prepared to tackle the challenges of rapidly evolving data-privacy regulations despite differing approaches “across states and industry sectors,” according to the survey.On a 1-to-10 scale, US… Source link

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Vietnam 

Rice firms face bankruptcy as trade face difficulties – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — A series of companies who rushed to trade rice a decade ago are now facing difficulties and in some cases, have gone bust. Seafood processor Vĩnh Hoàn Corporation late last month announced it would dissolve its affiliate Vĩnh Hoàn 2 Food Co Ltd. Vĩnh Hoàn 2, established in late 2011 by its parent company with the aim of expanding operations in the rice segment, handled the payments for debts of worker wages, taxes, social insurance, economic contracts, labour contracts and other…

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China 

A black Friday in China as exports shrink, stocks plunge and homeowners face new taxes

It was a black Friday for Chinese exporters, stock investors and homeowners, with a series of negative official figures released on the same day.China’s General Administration of Customs said exports were down by a fifth in February year on year as the trade war with the United States took its toll on the world’s second-biggest economy.China’s stock market also had its worst day in five months on Friday, with the benchmark Shanghai composite stock index shedding 4.4 per cent. Investor sentiment… Source link

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