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Flurry of China small developers listing debt on HK board, with offers of high yields

At least eight mainland developers have filed or plan to file for initial public offerings in Hong Kong – but in the debt market, where they hope to entice investors with high yield offerings.Most are small-cap property stocks, hardly the darlings of the equity market in Hong Kong. But their high-yield bond offerings – some at 9.1 per cent – can attract investors with high-risk appetite, according to interviews by the South China Morning Post with industry insiders and a review of historical… Source link

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Vietnam 

High profits lead to stiff competition in credit card market – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Banks have seen profits from the credit card business climb in recent years, which has encouraged more competition in the market. — VNA/VNS Photo HÀ NỘI — Both domestic and foreign banks are offering preferential programmes to lure more credit card holders to compete for a larger market and a piece of the high profits generated by the credit card segment. Vietnam International Bank (VIB) recently launched its VIB Zero Interest Rate Credit Card, which is free of interest for all card expenses. VIB is the first bank in Việt Nam to waive…

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Singapore 

Keto diet in Singapore: How to go low carb, high fat on a budget, Singapore, Health News

The very idea of a low carb high fat (LCHF) diet, often called the keto diet, is the stuff of most Singaporeans’ nightmares. If you ever let slip that you’re on this diet, best be prepared for critiques like, “How to lose weight when it’s HIGH fat?” and “You need carbs to live!” But dealing with concern-trolling family members/colleagues is only the second hardest thing about doing the keto diet in Singapore. The number one hardest thing is going LCHF on a budget. Try swapping your $3 char kway teow…

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Property 

Shenzhen home sales rose 66 per cent, hit 30-month high, according to April data

Shenzhen home sales touched a record high in April amid falling mortgage rates, population influx and a cyclical upturn in sentiment, according to official data.But industry analysts and agents were quick to point out the surge in April reflected mostly an increase in March and early April, when buyers returned to the market with an upbeat outlook and pushed up sales volumes. This is because of a lag between actual sales and official registration.According to data from the official Shenzhen… Source link

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China 

China inflation jumps to six-month high as African swine fever drives up pork prices

China’s consumer inflation climbed to its highest level in six months in April because of soaring pork prices, with the nation increasingly feeling the effects of the African swine fever epidemic.Consumer price inflation accelerated to 2.5 per cent in April from a year earlier, its highest level since October, up from 2.3 per cent in March, according to data released by the National Bureau of Statistics (NBS) on Thursday.Food prices jumped 6.1 per cent in April due to higher pork and fruit… Source link

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Vietnam 

Việt Nam’s PMI at four-month high as employment rises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers produce automobile parts at Keihin Vietnam Co. — VNA/VNS Photo Danh Lam HÀ NỘI — Việt Nam’s Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – rose to a four-month high of 52.5 in April from 51.9 in March, signalling solid monthly improvement in the health of the sector. A survey by Nikkei and IHS Markit released on Thursday also showed the country’s business conditions have improved on a monthly basis since December 2015. According to the survey, Vietnamese…

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Sales of pre-owned homes in Hong Kong surge to eight-year high as panicked buyers rush to beat rising prices

Panic buying of Hong Kong property has extended to the secondary market, with sales of pre-owned apartments surging to an eight-year high of HK$40.3 billion in April.The rise was fuelled by a flurry of activity in established housing estates where flats sold for record prices as buyers scrambled to strike before prices go up any further, according to property analysts.“The strong buying sentiment in the primary market has spilled over to the secondary market. We have seen many transactions in… Source link

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Vietnam 

High supply gives Việt Nam’s poultry firms chance to reach export markets – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A poultry farm in the central province of Bình Định. High supply levels mean Việt Nam’s poultry producers have a chance to expand to export markets. VNA/VNS Photo Vũ Sinh HÀ NỘI — Việt Nam’s poultry producers have a big opportunity to export their products thanks to high supply levels, according to the Ministry of Agriculture and Rural Development (MARD). Nguyễn Thanh Sơn, chairman of the Việt Nam Poultry Association, said Việt Nam’s signing of several free trade agreements has created chances for local firms to approach new markets…

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China Southern Airlines’ profit falls by half amid high oil prices, increased competition

China Southern Airlines’ net profit fell by more than a half last year as high oil prices, intensifying competition and currency weakness took a toll on business.Net profit for the country’s largest carrier by fleet size slumped by 51.43 per cent from the previous year to 2.89 billion yuan (US$430 million), according to a stock exchange filing after markets closed on Monday. Analysts polled by Bloomberg had expected a net profit of 3.88 billion yuan, which would have been a 34.87 per cent drop… Source link

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Asian investment in property within region hit record high last year, to rise another 10pc in 2019, Colliers International says

Asian investment in property within the region rose 10 per cent to US$98 billion – a record high – last year, property consultancy Colliers International said on Thursday. It is expected to record double-digit growth in 2019 as well.Asian investment in property within Asia was almost double that of Asian investment in property globally in 2018, Colliers said in a report, and is forecast to rise by another 10 per cent this year to US$108 billion. Investment in property beyond Asia actually fell… Source link

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