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Navigating the evolving risks in the real estate and hospitality industries

Recent events in Hong Kong have highlighted risks arising from social unrest. Property owners in affected areas are undoubtedly reviewing their insurance coverage, particularly “SRCC” clauses, relating to strikes, riots and civil commotion. This will generally cover property damage and public liability under these situations.However, insured parties can also be affected by what happens in their immediate surroundings, as businesses around Admiralty can testify. Even with minor damage or a… Source link

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Vietnam 

Complex to link Japanese and Vietnamese firms in supporting industries – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Representatives from N&G Group and Onaga Co pose for a photo after the signing ceremony on Monday. Photo kinhtedothi.vn   HÀ NỘI — A complex intended to connect Japanese and Vietnamese firms involved in supporting industries will be developed in the Hà Nội Southern Supporting Industrial Park (HANSSIP).   The complex’s establishment followed an agreement inked between the HANSSIP’s investor – N&G Group – and Onaga Company from Japan in the capital city on Monday. The launch of the Việt Nam-Japan Tech-Park complex would mark a good starting point for both Japanese…

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Vietnam 

Capital city strives for 900 firms in supporting industries by 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Workers inspect parts at a factory in Hà Nội. Photo hapi.gov.vn   HÀ NỘI — The capital city has set a goal of having about 900 firms in supporting industries by late 2020, according to the municipal Department of Industry and Trade.   Of them, some 400 would be eligible to have production systems and their products in line with international standards, as well as have sufficient supply capacities in global production networks from multinational corporations in Việt Nam, the department said. Top priority should be given to fostering trade…

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Vietnam 

VN’s supporting industries strive to improve – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Việt Nam has been a top priority choice of multinational corporations. However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating…

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Vietnam 

VN’s supporting industries strive to be best in ASEAN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Vietnamese enterprises have the potential to participate in regional and global production value chains on par with the leading countries in ASEAN, because Việt Nam has been a top priority choice of multinational corporations. However, in order to realise this goal, in addition to their own efforts, businesses also need the support of the State. In the draft plan for sustainable development of Vietnamese private enterprises, the Ministry of Planning and Investment (MPI) aims to raise the rate of enterprises participating…

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China should save less, stop protecting industries and liberalise instead, to unleash domestic consumption

In his influential 1954 article “Economic Development with Unlimited Supplies of Labour”, the future Nobel laureate economist Arthur Lewis concluded that “the central problem in the theory of economic development is to understand the process by which a community which was previously saving and investing 4 or 5 per cent of its national income or less, converts itself into an economy where voluntary saving is running at about 12 or 15 per cent of its national income or more”. That process, Lewis argued, “is the central problem because the central…

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As industries shift, retraining Hong Kong’s workers is key to staying competitive

Hong Kong’s economy has been changing fundamentally for many years. That the city’s dependence on manufacturing is tapering off is well documented: the sector employed 4.8 per cent of all workers aged 15 and over – or 167,400 people – in 2008, but 2.6 per cent – or 100,000 – in 2018, according to November’s “Quarterly Report on General Household Survey”. Less often discussed is the decline in the share of employment of the import/export trade and the wholesale industry (by 5.3 per cent) and the transport, storage, postal and…

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Global 

Jobs in China’s export-import industries wither in the heat of Washington’s trade war with Beijing

Demand for labour at China’s importers, exporters, and related manufacturers fell by 40 per cent in the last quarter of 2018 from a year earlier, showing the trade war with the US has taken its toll, a survey released on Friday revealed. The China Institute for Employment Research (CIER) at the Renmin University of China in Beijing found jobs in export-oriented regions, including Dongguan in the Pearl River Delta and Suzhou in the Yangtze River Delta, were hit hard. However, the decline in fourth quarter trade-related employment was slightly smaller…

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Emerging industries have transformed Nansha, the pearl of the Greater Bay Area

Besides outstanding development in artificial intelligence sector, taking abundant land resources and gorgeous supportive measures granted by its Free Trade Zone status, Nansha now is becoming a new powerhouse in the Greater Bay Area for emerging tech and innovation industries. Last year, nearly 6,000  high-tech enterprises were newly created their headquarters or branches in Nansha, where is only half an hour by high-speed train from Hong Kong. Late last year, Nansha announced a total of 30 billion yuan to fund its six strategic industries, including next generation of information technology,…

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Vietnam 

Coating, printing ink industries to maintain high growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Việt Nam’s coating and printing ink industries have had annual growth of 13-14 per cent in recent years and are expected to grow further, according to the Ministry of Industry and Trade. Speaking at a conference last week to introduce the Coatings Expo Vietnam 2019, Nguyễn Văn Thanh, director of the ministry’s Việt Nam Chemical Agency (VCA), said the growth rate of the two industries was higher than the average growth rate of the industrial sector. Nguyễn Thị Lạc Huyền, chairwoman…

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