Vietnam 

BIDV to issue US$129 million bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customers perform transactions at a BIDV branch. The bank will issue bonds worth VNĐ3 trillion in September. — Photo bidv.com.vn HÀ NỘI – The Bank for Investment and Development (BIDV) will issue bonds worth VNĐ3 trillion (roughly US$129 million) next month, the bank announced. The bonds are non-convertible, unsecured and eligible to be included in its tier 2 capital. The issuance includes VNĐ2.5 trillion seven-year bonds and VNĐ500 billion 10-year bonds with face value of VNĐ10 million each. The interest rate will be determined by the referenced interest rate plus…

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Vietnam 

SBT plans to issue $103.25 million worth of convertible bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A sugarcane material field belonging to Thành Thành Công Biên Hòa Joint Stock Company. The company plans to issue VNĐ 2.4 trillion ($103.25 billion) worth of convertible bonds and add 11 new business lines. — Photo courtesy of TTC HCM CITY — Sugar producer Thành Thành Công – Biên Hòa Joint Stock Company (SBT) plans to make a private placement of 2,400 convertible bonds with a par value of VNĐ1 billion (US$43,097) for a minimum duration of three years, according to a document it has sent to shareholders for…

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Vietnam 

Techcombank to issue 3.5 million shares to employees – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Techcombank office in Hà Nội. Techcombank will issue 3.5 million shares to its employees under an employee stock ownership plan. Photo Techcombank  HÀ NỘI — The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) plans to issue more than 3.5 million shares for its employees in the form of an employee stock ownership plan (ESOP) at the price of VNĐ10,000 per share. Techcombank said in a statement that of the total, 325,000 bonus shares will be set aside for the bank’s foreign employees while the remaining shares will be for Vietnamese workers.…

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Vietnam 

Agribank to issue $215m worth of bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Agribank is a 100 per cent State-owned bank with a special mission in supporting and developing Việt Nam’s agricultural and rural areas. — Photo vietnamfinance.vn HÀ NỘI — The Vietnam Bank for Agriculture and Rural Development (Agribank) will issue five million bonds to the public, with a total value of VNĐ5 trillion (US$215 million). The bonds will have a face value of VNĐ1 million and tenor of seven years. The bonds’ interest rate will be 1.2 per cent per year higher than the average of 12-month savings deposit interest rates at…

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Vietnam 

Đất Xanh Group to issue over 87 million shares – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Money collected from shares issuance by the Dat Xanh Group will be used to develop the Nam Rạch Chiếc Residential and Resettlement Project. — Photo courtesy of Đất Xanh Group   HÀ NỘI — Đất Xanh Group plans to issue over 87.45 million shares for existing shareholders at a 4:1 ratio. With the issuing price of VNĐ100,000 (US$4.3) per share, the corporation expects to collect over VNĐ874 billion through this share issuance. This amount of money will be used to develop Nam Rạch Chiếc Residential and Resettlement Project (Gem…

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Global 

China’s central bank’s lack of independence less of an issue amid Donald Trump’s clashes with Fed

US President Donald Trump has rekindled the debate over the importance of central bank independence, with analysts questioning whether the sometimes “problematic” People’s Bank of China could be reformed in the long term to ensure more accountable financial polices.US Federal Reserve chairman Jay Powell and other officials have vociferously denied that they react to political pressure, but their first rate cut in more than a decade on Wednesday is seen as a reaction to at least Trump’s policy… Source link

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Singapore 

YouTuber Preetipls and brother Subhas Nair issue ‘apology’ mimicking statement by Mediacorp and Havas Worldwide, Singapore News

SINGAPORE – Local YouTube star Preeti Nair and her brother, rapper Subhas Nair, on Friday (Aug 2) issued a statement ostensibly apologising “for any hurt that was unintentionally caused” by the online rap video they created that was alleged to contain offensive content. The statement, posted on the siblings’ Instagram and Facebook pages, closely followed the wording of a statement issued by Havas Worldwide, a creative agency that was hired for the advertisement, as well as The Celebrity Agency (TCA), Mediacorp’s celebrity management arm. The pair said in their statement…

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Home 

Chinese ‘white horses’ issue surprise profit warnings before earnings season kicks off

Chinese stock traders are bracing themselves for bad news during the upcoming earnings season after two “white horses” caught investors off guard with their profit warnings.Dong-E-E-Jiao, a Chinese traditional pharmaceutical company, that had posted profit increases for 12 consecutive years, and Han’s Laser Technology Industry Group, once a favourite among foreign investors, said in exchange filings that first-half earnings may have dropped significantly.Both stocks plunged by the 10 per cent… Source link

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Money 

Why issue of forced technology transfer is so vital for China and the United States

Technology transfers, especially the allegedly forced ones, have continually been in the crosshairs of the trade disputes between the United States and China. One side has been saying forced transfers counteract intellectual property protection, infringing on the rights of the original owner. The other has maintained there is hardly any proof of involuntary transfers taking place.Technology transfer is of tremendous interest, since technology is the key to value creation and competitive… Source link

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Singapore 

Work-life harmony a key issue for young couples: Heng Swee Keat, Singapore News

SINGAPORE – As a young couple, one of the biggest struggles Deputy Prime Minister Heng Swee Keat and his wife faced was learning to strike a work-life harmony. To help find solutions for young parents who face similar problems today, he said, the Government will soon be launching a series of dialogues that will be helmed by Manpower Minister Josephine Teo. This is on top of measures such as doubling paid paternity leave to two weeks that took effect in 2013 and which gives fathers more time with their children,…

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