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All mainland China markets open higher, with consumer stocks leading in Shenzhen

The Hong Kong market opened flat on Friday, while leading benchmarks in mainland China recovered losses made in previous sessions.With the conclusion of the annual National People’s Congress in Beijing on Friday, and the release of most of key China economic data on Thursday, investors will once again turn their attention to the US-China trade war and corporate results, said traders.“Investors remained sidelined on Friday. Over the short term, I expect the Hang Seng Index to trade in a tight… Source link

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Vietnam 

Experts propose higher fuel tax – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Researchers of the Central Institute of Economic Management (CIEM) have proposed the Government levy special consumption tax rate for bio-fuel equal to half of the rate for gasoline. The recommendation was part of a CIEM survey, which was announced at the seminar on using tax policies to regulate the economy towards green growth and sustainable development held in Hà Nội yesterday. Head of the CIEM’s Social Affairs Department Nguyễn Mạnh Hải said the hike of special consumption tax rate for bio-fuel…

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Hong Kong millennials’ trust in government surprisingly higher than others. But what brought about this change?

I used to work here in Hong Kong with a US public relations firm that had a whole suite of products branded “TrustWorks”. I had a wonderful time taunting US-based colleagues that for American companies, the concept of trust was a contradiction in terms: the legal labyrinths embroiling business life in the US were after all built on the foundational assumption that you could trust no one.That, after all, was why so much time and money was spent on lawyers drafting tightly crafted legal contracts… Source link

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Vietnam 

Higher quality needed for Vietnam’s farm exports to China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM City – Unofficial exports over the border to China will face technical barriers since the two nations have agreed to limit them and increase official exports, a seminar heard in HCM City yesterday. “Vietnamese agricultural exports to China are unsustainable because they are mostly dependent on unofficial exports on a small scale and without legal contracts between sellers and buyers,” Nguyễn Thị Minh Thúy, deputy head of the international affairs sub-department at the Ministry of Industry and Trade’s trade promotion department told the seminar…

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Singapore 

Higher starting pay for fresh grads last year, Singapore News

Fresh university graduates earned a higher starting pay last year, with those in the information technology (IT) sector posting the highest rates for full-time permanent jobs. Fresh grads took home a median monthly salary of $3,500, up from $3,400 in 2017, according to results of a joint graduate employment survey released yesterday. Those in courses such as computing, business analytics and information security had the highest median gross monthly pay of $4,100. The annual survey, conducted last November, also found that 81.2 per cent of new graduates were in full-time…

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Vietnam 

Power generation prices set to be higher – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A new price scheme for power generation was issued. — Photo cafef.vn Viet Nam News HÀ NỘI — The Ministry of Industry and Trade has issued Decision No 281 which increases the prices for power generation in 2019. These prices are used to negotiate power purchase agreements between the State-run Vietnam Electricity and power plants. Accordingly, the prices for power generation in coal-fired power plants are set to range between VNĐ1,677 and VNĐ1,896 (US$0.07-0.08) per kWh during 2019, excluding some taxes, sea port fees and infrastructure. The…

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Vietnam 

January auto imports 46 times higher than last year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Cars at the Chu Lai-Trường Hải Automobile Manufacturing and Assembly Complex in the central province of Quảng Nam. — VNA/VNS Photo Viet Nam News HÀ NỘI — Việt Nam imported nearly 11,700 cars worth more than US$273 million in the first month of this year, marking the fifth consecutive month with a volume of at least 10,000 units, according to statistics from the General Department of Customs. This figure is about 46 times higher than in January last year, which saw particularly low import numbers – just 246…

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Singapore 

Singapore Budget 2019: $6.1 billion for Merdeka Generation package includes Medisave top-ups, higher Chas subsidies, Singapore News

SINGAPORE – A total of $6.1 billion will be set aside under the Merdeka Generation Package, the bulk of which will go towards easing the burden of healthcare costs for nearly 500,000 Singaporeans. Announcing details of the much talked-about package during his Budget Statement on Monday (Feb 18), Finance Minister Heng Swee Keat called it a “gesture of our nation’s gratitude” for those in that generation who are now aged between 60 and 69. “It will provide them better peace of mind over future healthcare costs, while helping them to…

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Property 

Hong Kong rents could be about to march higher after five months of deflation, analysts say

Hong Kong renters hoping for a prolonged bout of deflation could be in for disappointment in the next few months as data shows rental prices may be about to round the bottom, bringing an end to a soft patch that started in August. On average, residential rents dropped 0.3 per cent to HK$35.8 per square foot (US$4.56) in January from December, the smallest contraction in the past five months, according to data released by Centaline Property Agency on Wednesday. “It is a sign showing the end of the correction,” said…

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Hong Kong stocks open higher as Trump hints at trade truce extension and prospect of ‘real deal’ with China

Hong Kong stocks opened higher on Wednesday, mirroring the gains seen overnight in the US after President Donald Trump hinted he may be prepared to let the looming deadline for Chinese trade negotiations slide. The benchmark S&P 500 index rose by more than 1 per cent yesterday. The Hang Seng Index was trading at 28,206.12, up 0.12 per cent or 34.79 points, on Wednesday morning. The gains in Hong Kong were in line with the benchmark indexes in Japan and Korea, where the Tokyo Nikkei 225 was up 1.33 per…

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