Home 

6 business leaders reveal how companies can grow with – or without – outside funds

When Chilean Arturo Sims moved to Hong Kong, he set a five-year goal to start his own hospitality business that drew on his international experience as a chef in Michelin-starred restaurants.He is now managing director of Vantage Hospitality Consultants, which provides training, operations and guest experience services to hotels and fine dining restaurants.At the beginning, I said ‘I need to run my business in a way that doesn’t have any overhead expenses because I can’t pay salaries right now’… Source link

Read More
Home 

Property stocks hammered again in Hong Kong, as concerns about protests and its economy continue to grow

Hong Kong’s unresolved protests and growing concerns about its economy continued to batter property stocks, which helped push the Hang Seng Index down to its lowest level in six weeks. China stocks also started the new month with losses. The Hang Seng Index fell 0.8 per cent to 27,565.7 points, declining for its third day this week. The Shanghai Composite Index slid 0.8 per cent to 2908.77, weighed down by consumption and financial stocks. It was the benchmark’s second straight day of losses… Source link

Read More
China 

China’s industrial profits fall 3.1 per cent in June, as fears of trade war slowdown grow

Profits earned by China’s industrial firms slipped in June after a brief gain the previous month, fuelling concerns that a slowdown in manufacturing caused by the trade war with the United States will weigh on economic growth.China’s industrial profits have been in decline since the second half of last year, with many firms putting off business decisions and scaling back manufacturing investment.Economic growth in the second quarter of this year slowed to a near 30-year low.Industrial profits… Source link

Read More
Home 

Global family offices grow assets under management to nearly US$6 trillion, report shows

The number of Asia-Pacific family offices rose 44 per cent during the last two years, according to Campden Research. A selection of supercars, traditional symbols of wealth, are displayed during Sino Group’s Gold Coast Motor Festival in Hong Kong on November 10, 2017. Photo: Nora Tam Source link

Read More
Home 

China’s 5G network investments to grow rapidly, eclipsing buildout in North America

China’s 5G network investments are predicted to surpass those in North America between 2019 and 2023, as the world’s second largest economy rapidly shifts from 4G to the next-generation mobile technology amid trade tensions with the United States.Total spending on 5G in China will be “more than twice the size” of North America’s next-generation network investments over that period, according to a report on Wednesday by Dell’Oro Group, without providing these figures. Founded in 1995, US-based… Source link

Read More
Home 

China’s economy would grow by 7.5 per cent this year, were it not for the trade war, ING says

China’s economy would have grown by 7.5 per cent this year – against a current projection of 6.3 per cent – were it not for its trade war with the United States, Dutch investment bank ING said on Wednesday.Nomura, the Japanese investment bank, meanwhile, said global investors were likely to ignore the dispute and continue investing in China.Iris Pang, Greater China economist at ING, said according to a baseline view of continued tensions with little resolution, China’s economy will grow 6.3 per… Source link

Read More
Vietnam 

FMCG market forecast to grow strongly in the long term – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HCM CITY — The fast moving consumer goods market will remain strong in the long term in the country’s four major cities of Hà Nội, Đà Nẵng, HCM City, and Cần Thơ and see an acceleration in rural areas, according to Kantar Worldpanel, a global data, insights and consulting company. In its latest FMCG monitor report, the company said though oil and electricity prices increased in April the consumer price index remained under control in the first four months, growing at the lowest rate in the last three years. Retail…

Read More
Vietnam 

New SBV regulations to help realty market grow sustainably – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Quốc Hùng, director of the SBV’s Credit Department The State Bank of Việt Nam (SBV) has recently made public a draft circular on safety limits for banks and called for public comment on the proposed changes. The circular would tighten regulations on lending, especially in the high-end real estate segment. Nguyễn Quốc Hùng, director of the SBV’s Credit Department, talked with the media about the issue during a meeting last week Some are concerned about the draft that will replace Circular 36/2014/TT-NHNN, saying it could have…

Read More
Vietnam 

Government urged to help grow private sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Prime Minister Nguyễn Xuân Phúc with representatives of the private business sector at the meeting in Hà Nội. VNA/VNS Photo Thống Nhất HÀ NỘI Private Vietnamese firms have asked the Government to push administrative reform and build a favourable trade and investment climate to make Việt Nam one of the best places to do business in ASEAN and meet the standards of the Organisation for Economic Co-operation and Development (OECD). The sentiment was expressed by representatives of the Vietnam Private Business Association during a meeting with Prime Minister Nguyễn Xuân Phúc in Hà Nội on Monday. The association…

Read More
Vietnam 

Việt Nam economy to grow at 6.7%: report – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Việt Nam’s economy is expected to grow by 6.7 per cent this year. – VNA Photo Danh Lam HCM CITY – The Vietnamese economy is expected to grow at around 6.7 per cent this year, the fastest rate in South East Asia, according to the Institute of Chartered Accountants in England and Wales’ recent Economic Insight: South East Asia report. According to the report, Southeast Asian economies except Việt Nam have seen exports drop in the second quarter of this year compared to the same period last year…

Read More