Vietnam 

Property supply expected to increase in H2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Apartment buildings in Hà Nội. The selling prices of real estate products are expected to remain largely unchanged in the second half of the year. — Photo cafef.vn HÀ NỘI — The supply of real estate products is expected to surge in the second half of the year but a market bubble is unlikely to form, according to general secretary of the Việt Nam Association of Property Brokers Nguyễn Văn Đính. Selling prices are unlikely to change much as demand remains high. Đính told a meeting earlier this week that supply…

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Vietnam 

Retirement age increase inevitable, but more should be done – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Analyst’s Pick Võ Trí Thành* The 14th National Assembly’s 7th meeting session ended last month with the last day reserved for discussing the draft amended Labour Code, which included a proposal to increase the retirement age that received a lot of public attention. In draft amendments, the Ministry of Labour, Invalids and Social Affairs (MoLISA) proposed raising the retirement age to 62 for men and 60 for women with two scenarios.  In the first scenario, starting from January 1, 2021, the retirement age will be 60 and three months for men,…

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China 

China factory activity contracted in June as US trade war tariff increase in May starts to bite

Chinese factory activity fell to its weakest level in five months in June, a private survey released on Monday showed, pointing to continued downward pressure on the economy due to the trade war with the United States.The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), a gauge of sentiment among the country’s factory operators which tends to include more small, private sector firms, fell to 49.4, down from 50.2 in May and below economists expectations of a smaller drop to 50.1 in… Source link

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Singapore 

Electricity tariffs to rise 6.4 per cent in third quarter to hit highest rate in nearly 5 years; gas tariffs to increase by 1.6 per cent, Singapore News

SINGAPORE – Electricity tariffs are set to rise by an average of 6.4 per cent in the third quarter of this year, SP Group said on Saturday (June 29). Gas tariffs for households are also set to increase by 1.6 per cent in the third quarter, City Gas said. For the period from July 1 to Sept 30, electricity tariffs will increase by 1.43 cents per kilowatt hour compared to the previous quarter. Excluding the goods and services tax, this translates to a rise from 22.79 cents per kwh to…

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China 

China’s industrial giants continue to struggle despite minor profit increase in May

Profits at China’s major industrial firms fell 2.3 per cent year-on-year in the first five months of the year, the National Bureau of Statistics said on Thursday, indicating further stress on the economy.Month-on-month, May’s data showed a 1.1 per cent rise to 565.56 billion yuan (US$82 billion) from a year earlier, compared with a 3.7 per cent fall in April, which was the biggest drop in nearly three and a half years.But after a 3.4 per cent drop in the first four months of the year, China is… Source link

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Global 

US willing to suspend trade war tariff increase after Trump-Xi meeting at G20 in Japan, sources say

The United States is willing to suspend the next round of tariffs on an additional US$300 billion of Chinese imports while Beijing and Washington prepare to resume trade negotiations, people familiar with the plans said.The decision, which is still under consideration, may be announced after a meeting between Chinese President Xi Jinping and US counterpart Donald Trump on Saturday at the G20 summit in Japan. A broad outline of the Trump-Xi agenda was discussed in a phone call on Monday between… Source link

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Vietnam 

Infor Announces New India Business Unit to Accelerate Strategic Growth and Increase Customer Intimacy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Promotes veteran Ranga Pothula as managing director and general manager of new region   MUMBAI, INDIA  – Media OutReach – 18 June 2019 – Infor, a global leader in business cloud software specialized by industry, announced the India Business Unit (IBU) as a new separate region — comprising India, Nepal, Bangladesh and Pakistan — to further accelerate progress and tap growth opportunities in this vast market. Additionally, Ranga Pothula is named managing director and general manager for the IBU to drive the next phase of growth. This move lowers the center of gravity…

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Ecommerce 

Alipay and six European digital wallets join hands to increase adoption of mobile payments with QR code

Six mobile wallets in Europe together with Alipay will collaborate and adopt a unified Quick Response (QR) code for mobile payments, allowing users of each wallet to pay for their purchases across 10 countries in Europe.The six European mobile wallets include Austria’s Bluecode, Finland’s ePassi and Pivo, Oslo-based Vipps, Spain’s Momo as well as Portugal’s Pagaqui. The wallets are working with the Chinese payments provider towards rolling out a QR code format provided by Alipay, so that users… Source link

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Global 

China’s exports rise in May due to front-loading ahead of US tariff increase, but upturn won’t last, analysts warn

Chinese exports rebounded slightly in May as companies front-loaded their shipments to beat last month’s US tariff increase, but analysts warned that the damage from the move by US President Donald Trump could soon pose a severe challenge to the world’s second largest economy.Goods sold overseas rose 1.1 per cent in May from a year earlier, confounding market expectations of 3.9 per cent drop and improving from the 2.7 per cent fall a month earlier.Imports, however, fell 8.5 per cent following… Source link

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Home 

Marco Rubio’s bill to increase the scrutiny of US-listed companies may be a boon to Hong Kong’s stock exchange. Here’s why

A United States bill that proposes to delist Chinese firms that don’t open their audit books to American regulators could benefit Hong Kong Exchanges & Clearing Limited as companies instead turn to the city’s bourse.Dubbed the ‘Equitable Act’, the bipartisan bill’s sponsors include Marco Rubio, a long term critic of China’s governance and human rights record. While the measure covers all US-listed firms, the focus is on China and on allowing the Public Company Accounting Oversight Board (PCAOB)… Source link

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