Vietnam 

Việt Nam gathers opinions on direct power purchase agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Participants at the Public Consultation Workshop on DPPA Design and Pilot Planning for Việt Nam. — Photo World Bank HÀ NỘI — The Ministry of Industry and Trade (MoIT) and the US Embassy on Wednesday introduced a proposal for a Direct Power Purchase Agreement (DPPA) in Việt Nam. This new policy is expected to allow businesses in Việt Nam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 per cent renewable energy. During the development of this innovative mechanism, the…

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Hong Kong’s dollar weakens below low end of trading band as capital flight from China’s stocks gathers pace in escalating trade war

The Hong Kong dollar briefly touched the lower limit of its trading band in late New York trading on Friday, as capital from a withdrawal of exchange traded funds (ETFs) and from China’s stock market was converted back into hard currency.The local currency touched 7.85000 per US dollar in New York, the weak end of a HK$7.7500 – HK$7.8500 trading band against the US dollar, which was introduced in 2005. It is not clear if it was traded at that level.Under the Linked Exchange Rate System, the… Source link

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Global investors to fully adopt green investments by 2030 as trend gathers pace, finds survey

Green investment is set to take off in the next three years and will become integral to institutional investors’ approach by 2030, according to a report by Allianz Global Investors (AllianzGI) released on Wednesday.Green investment strategy, also known as environmental, social and governance (ESG) approach, refers to financial investments that can help reduce pollution and have a positive impact on society.More than 70 per cent of the 450 institutional investors managing US$15 trillion worth of… Source link

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5 things traders are watching for as China’s power elite gathers at the Two Sessions

China’s economic and political power players will flood into Beijing this week to determine the country’s future agenda. Markets can be expected to react.The Two Sessions, or Lianghui, are the annual parliamentary meetings of China’s main legislative and political bodies: the National People’s Congress and the National Committee of the Chinese People’s Political Consultative Conference. Decisions here filter through the nation and have implications worldwide.This year’s gathering, beginning… Source link

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Property 

Office rents headed higher in Island East and Tsim Sha Tsui, as Central exodus gathers steam

The decentralisation of companies moving away from the core business district will accelerate after the opening of the HK$36 billion (US$4.59 billion) Central-Wan Chai Bypass and Island Eastern Corridor Link on Sunday, according to property consultants. The bypass means vehicles will only need five minutes to travel from Central to North Point at Island Eastern Corridor, down from as much as 35 minutes currently, according to the Highways Department. Banks and service companies are likely to consider moving to Island East, given the faster transport links, analysts said. “As the…

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Correction in Hong Kong’s property market gathers speed as prices fall 3.5 per cent in November

Prices of lived-in homes in Hong Kong saw the sharpest decline in the past four months in November, with analysts citing concerns over the US-China trade war, expectations of rising mortgage rates, accelerated launches of new flats and a volatile local stock market as the main reasons. The monthly home price index, which represents movements in the secondary property market, fell 3.5 per cent to 366.3 in November, compared to the 2.56 per cent slide in October, 1.27 per cent in September and 0.05 per cent in August, according to…

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Hong Kong landlords ponder how to fill large retail spaces as consumer slowdown gathers pace

Hong Kong landlords are likely to struggle to find suitable tenants that could fill the three large retail locations currently occupied by troubled music retailer HMV – with floor space as big as 40,000 square feet – in the city’s most prime locations. The future of the HMV shops in Central, Causeway Bay and Kowloon Bay have been in question after the landlords of the respective spaces filed separate lawsuits over the past two weeks collectively seeking more than HK$5 million (US$639,738) in unpaid rent and other charges. A potential…

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