Vietnam 

SK Group plans to buy US$1 billion Vingroup shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A Vincom Centre developed by Vincom Retail, a sub-unit of the real estate-technology-retail giant Vingroup. – VNS Photo Viet Nam News HÀ NỘI — South Korean conglomerate SK Group plans to purchase US$1 billion worth of stocks in Việt Nam’s real estate-retail-tech giant Vingroup, according to Bloomberg. The investment could be made as early as April, Bloomberg said on Friday, citing South Korea’s Maeil Business Paper. Vingroup has recently asked shareholders to approve its private issuance of 250 million shares to a maximum of five foreign institutional investors…

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Vietnam 

Thai group wants to invest in $8b gas-fired power project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Ninh Thuận Province has said it recently worked with Thailand’s Gulf Energy Development Public Company Limited on a plan to build a liquefied natural gas (LNG) warehouse and gas-fired power complex in Cà Ná Commune, Thuận Nam District. The south central province said on its e-portal that Gulf Energy was expected to get approval from the People’s Committee for the implementation of LNG facilities and four gas-fired power plants with a total capacity of 6,000 MW worth US$7.8 billion. Phạm Văn…

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Singapore 

Maid stole more than $34k worth of items from Changi Airport Group chairman, his family, Singapore News

SINGAPORE – A maid was working for Changi Airport Group chairman Liew Mun Leong and his family when she stole more than $34,000 worth of items from them. They included luxury watches such as a $10,000 Gerald Genta watch, 115 pieces of clothing worth $150 each, as well as two iPhones with accessories valued at more than $2,000. After a 20-day trial, District Judge Olivia Low found Indonesian Parti Liyani, 45, guilty of four counts of theft on Wednesday (March 20). A fifth charge of being in possession of items,…

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Home 

Chinese group including Everbright Securities sues after US$1 billion European sports deal goes bust

A Chinese group that owned MP & Silva is suing the founders of the collapsed European sports rights firm after losing hundreds of millions of dollars.The consortium, including state-owned Everbright Securities, filed a claim in the High Court in London, alleging commercial fraud, according to a legal filing. The document named MP & Silva founders Andrea Radrizzani and Riccardo Silva as defendants but provided no further information.The Chinese investors, who bought control of MP & Silva in a… Source link

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Pork producer WH Group calls for end of trade war, as 2018 profit drops 4 per cent

China’s WH Group, the world’s largest pork producer, called for an end to the US-China trade war on Friday, citing higher tariffs on US exports to China as one factor weighing negatively on its underlying business.The outbreak of the African swine fever and rising meat production in the US were also negative headwinds, the company said.Net profit for 2018 fell 4 per cent to US$1.05 billion, WH Group said in filing on Friday.Revenue was up 1 per cent to US$22.61 billion, slightly beating… Source link

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China 

China’s new foreign investment law is too vague, says US business group

China’s new foreign investment law has received a lukewarm response from a leading US business group, which complained about a lack of consultation and detail.Beijing hoped that the new laws would help improve its image among global investors and also help address some of the concerns at the heart of the trade war with the US, but the American Chamber of Commerce in China said its provisions were “still quite general” and did not go into specifics.The group continued that “in principle [it]… Source link

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Vietnam 

FLC Group to launch six projects in Hải Phòng – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HẢI PHÒNG — Property developer FLC Group has proposed six new projects in the northern port city of Hải Phòng. The information was revealed at a meeting between the city’s leaders and FLC Group last week. The six projects include Đồ Sơn resort and hi-end ecological villa complex, a resort and urban area complex in Hải An District, an urban area in Tân Thành Ward, a 70-storey trade centre and apartment building project at No 4 Trần Phú Street, an apartment building at No…

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Home 

For all of Apec’s talk of lowering trade barriers, its single biggest success is removing visas for business travellers in the group

Of all the plastic cards in my wallet, perhaps my most treasured is the Apec Business Travel Card (ABTC). It’s a close run between that, and my green Octopus card for senior residents. The ABTC is precious not just for the time and money saved in getting visas, but for the guilty pleasure it gives at that unfriendliest of points in every international journey – the immigration queue – when I slip across into the diplomatic line. Arriving in Atlanta last week, it saved me at least an hour of……

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Home 

Coming to America: GAC Group to rename its Trumpchi SUV for export to the US as soon as trade war with China ends

GAC Group, China’s fifth-largest carmaker by sales, said it would revive its plan to sell vehicles to the United States once the trade war between the countries is over, as it looks for a new market to counter declining sales at home.The maker of the Trumpchi mid-sized sports utility vehicle (SUV) is proceeding with hiring dealers and recruiting talent in preparation to start selling in the US, said the Guangzhou-based carmaker’s chairman Zeng Qinghong, during an interview in Beijing. The… Source link

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Vietnam 

Property group FLC to launch three projects in Hà Giang – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

FLC Group representatives at a meeting with Hà Giang Province officials. — VNS Photo Viet Nam News HÀ NỘI — Property developer FLC Group has proposed launching three investment projects in the northernmost province of Hà Giang, according to Vice Chairman of its Board of Management, Deputy General Director Lê Thành Vinh. He revealed the information during working sessions with authorities of the province on March 4 and 5. The projects include a spiritual and eco-tourism complex on Mỏ Neo Mountain, as well as an eco-friendly residential area…

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