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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Property 

China takes top spot for private equity property investment in Asia in Q1, while Hong Kong finds itself in dogfight with India

Global private equity funds – the most agile investor in the cross-border real estate world – poured US$5.1 billion into China and Hong Kong property in the first quarter of this year, making the spots the top and third most favoured destinations respectively in Asia, according to Knight Frank.China absorbed US$3.6 billion of private equity capital in the first quarter while Hong Kong took in US$1.53 billion. By comparison, $1.56 billion went to second-placed India and $1.3 billion to Japan,… Source link

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Singapore 

18-year-old pleads guilty to Little India attack that left victim with partially amputated right foot, Singapore News

SINGAPORE – A teenager was among a group of five who launched a vicious attack on a man in broad daylight last year that led the victim’s right foot to be partially amputated. Photos taken by onlookers of Mr Dhines Selvarajah, 27, lying injured on the road in Little India on July 25 were posted on social media. A district court heard that Mr Dhines cannot walk properly now. One of his attackers, Sharvin Raj Suraj, 18, pleaded guilty on Friday (June 14) to one count each of rioting with…

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China 

Did Japan and India just launch a counter to China’s Belt and Road?

It is hard to overstate the significance of the recent agreement between India and Japan to help Sri Lanka develop its Colombo Port.Under the deal to develop the East Container Terminal, the Sri Lanka Ports Authority will retain 100 per cent ownership of the terminal, while Sri Lanka will hold a 51 per cent stake in the Terminal Operations Company with the India-Japan joint venture retaining the remaining 49 per cent.Both the timing of the deal and its terms are conspicuous. After all, Sri… Source link

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Home 

Institutional investors look to India after successful debut of first Reit

Investment funds are eyeing India as a destination for building up stakes in real estate investment trusts (Reits), attracted by the prospects for its vast commercial and office holdings.In April, India successfully listed its first domestic Reit, in what amounted to the largest offering of its kind in the region.Embassy Office Parks REIT raised 47.5 billion rupees (US$690 million) through its share sale, sponsored by India’s Embassy Group and US-based equity investor Blackstone Group,… Source link

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Home 

China has a willing partner in India on the belt and road, but only on fair and open terms

China’s multibillion-dollar infrastructure development plan, the Belt and Road Initiative, straddles three continents, with over 80 countries expressing an interest in the projects. It is estimated that China has already pumped US$200 billion into the initiative. In spite of US misgivings, many of its own allies, including the UK and Italy, have shown a willingness to be part of the initiative. There are indications that more members of the European Union will join.Many Asian nations are part… Source link

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China 

China’s belt and road may accelerate exit of manufacturing to Vietnam and India, researchers warn

The trade war with the United States coupled with the “Belt and Road Initiative” has the potential to add further pressure to China’s sluggish economy and debt pile, according to researchers, as the benefits of manufacturing in the mainland decrease.China’s manufacturing industry has already been hit by the US trade tariffs, in particular, the smaller exporters who are the most vulnerable to slowing demand and slimmer margins in the face of competition from low-cost alternatives including… Source link

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Home 

Terry Gou to step back from ‘front line’ at iPhone assembler Foxconn as it expands into India, AI

Terry Gou Tai-ming, the billionaire founder and chairman of iPhone assembler Foxconn Technology Group, plans to step back from day-to-day operations, making room for younger management to run the world’s largest electronics contract manufacturer.A spokesman for Foxconn, formally known as Hon Hai Precision Industry, said Gou aims to sharpen his focus on the company’s strategic direction, denying earlier reports that he aims to resign or retire.“I’m already 69 years old. I hope to pass down my 45… Source link

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Vietnam 

India initiates anti-dumping probe into aluminium-, zinc-coated flat products from VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

India initiates anti-dumping investigation into aluminium- and zinc-coated flat steel products from Việt Nam. – Photo thoibaonganhang.vn HÀ NỘI India has initiated an anti-dumping investigation into imports of flat-rolled steel products plated or coated with aluminium or zinc originating in or exported from three countries, Việt Nam, China and South Korea. The application was filed by JSW Steel Coated Products Limited, which accounts for more than 60 per cent of the total production of these flat products in India. They are used in many applications and sectors like infrastructure, solar power, roofing,…

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Home 

A look at Mukesh Amabani’s US$2.5 billion shopping spree provides an insight into how he plans to take on Amazon in India

A US$2.5 billion spending spree involving more than two dozen deals provides some insight into how Mukesh Ambani is piecing together a strategy to take on Amazon.com in India.Asia’s richest man is sharpening his focus on e-commerce with a string of tiny acquisitions and stake purchases to face the world’s largest online retailer, after shaking up India’s telecommunications industry with cheap data and free calls.The acquisitions represent a new strategy for Ambani’s Reliance Group, whose… Source link

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