China 

Robert Lighthizer: ‘Absolutely’ OK to use tariffs to squeeze nations on non-trade issues

This story is published in a content partnership with POLITICO. It was originally reported by Megan Cassela on politico.com on June 18, 2019.US Trade Representative Robert Lighthizer said on Tuesday he sees no issue with President Donald Trump’s inclination to use tariffs to pressure countries to make policy changes in areas unrelated to trade, specifically when they present threats to national security.Lighthizer, in testifying before the Senate Finance Committee, was asked about Trump’s… Source link

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Vietnam 

Ministry issues ICT reference framework for smart city development – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The ICT reference framework for the development of smart cities (version 1.0) has been issued by the Ministry of Information and Communications. — Photo cafef.vn HÀ NỘI — The ICT (information and communication technology) reference framework for the development of smart cities (version 1.0) has been issued by the Ministry of Information and Communications as a basis for localities and businesses to develop smart city projects.  The ICT reference framework is a set of functions to link smart regions, applications, and urban services to ensure consistency and synchronisation in smart city development,…

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Singapore 

NEA issues summons to resident after thermal camera catches smoker in HDB corridor, Singapore News

SINGAPORE – A Bedok resident has been asked to provide details of a person smoking at the corridor of his unit, after a thermal camera installed by the National Environment Agency (NEA) caught the smoker on several occasions. In a letter dated June 6 sent to the lessee of a unit at Block 620 Bedok Reservoir Road, NEA stated that a surveillance camera had caught on video “people smoking at the corridor… and entering/exiting from the unit” on 12 occasions from April 11-14. Smoking at HDB common areas is an…

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Singapore 

HSA issues alert on ‘weight loss’ products after woman suffers severe heart failure, Health, Singapore News

SINGAPORE – The Health Sciences Authority (HSA) has raised the alert on four health products, including three marketed for weight loss, after five consumers reported adverse reactions to them, including one woman who now has severe heart failure. The products were tested by the HSA and found to contain undeclared potent medicinal ingredients. BB Body, Bello Smaze and Choco Fit contained sibutramine, a banned substance for weight loss. Seahorse Chop Du Zhong Ba Ji Wan had dexamethasone, a potent steroid that was fraudulently added into the product, as well as…

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Vietnam 

Việt Nam willing to work with the US on currency issues: SBV – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  State Bank of Việt Nam’s headquarters in Hà Nội. Photo SBV HÀ NỘI — The State Bank of Việt Nam (SBV), in conjunction with other Vietnamese ministries and agencies, will continue to share information with the US Treasury Department and co-operate to tackle issues of concern. The SBV released the statement on Wednesday after the US Treasury on Tuesday added Việt Nam to its currency manipulation watchlist. The Vietnamese central bank said it would continue to regulate monetary policy to control inflation, stabilise the macro-economy and support economic growth at a reasonable…

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China 

Can China improve its image to foreign travelers who are put off by internet, visa and payment issues?

The recent frenzied discussions about China’s engagement with the world tend to focus on trade tariffs and technology transfers, but one area where China consistently underperforms compared to other nations continues to be overlooked – attracting overseas tourists.The dramatic growth in Chinese citizens travelling overseas is a well-known phenomenon across the globe. As many as 140 million tourists from China choose to holiday and contribute to the economies in foreign countries every year, and… Source link

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Home 

Hong Kong issues four more virtual bank licenses to spur innovation and disrupt bricks-and-mortar financial services

Hong Kong’s monetary authority has issued four virtual banking licenses to applicants affiliated with a trio of China’s largest technology companies as well as the city’s stock exchange, in a move to speed up disruption and innovation in one of the world’s best financially served urban centres.The four new licenses go to Ping An Insurance’s subsidiary Ping An OneConnect, Ant Financial Services’ unit Ant SME Services, a Xiaomi-AMTD Group venture called Insight Fintech HK Limited, and the… Source link

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Vietnam 

Climate and sustainable development among critical issues in 52nd ADB Meeting – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

ADB President Takehiko Nakao at the press conference on May 2 in Fiji. — Photo courtesy of ADB By Mai Huong NADI – Climate and sustainable development are among key issues currently under discussion between high-level officials from the Asian Development Bank (ADB) and its member countries at the 52nd ADB Annual Meeting being held in Fiji on May 1-5. These issues are critical to the continued growth of the Asia Pacific region, especially in the context that Fiji is the first Pacific developing member country…

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Vietnam 

Climate and sustainable development among critical issues in 52rd ADB Meeting – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  ADB President Takehiko Nakao at the press conference on May 2 in Fiji. — Photo courtesy of ADB By Mai Huong NADI – Climate and sustainable development are among key issues currently under discussion between high-level officials from the Asian Development Bank (ADB) and its member countries at the 52rd ADB Annual Meeting being held in Fiji on May 1-5. These issues are critical to the continued growth of the Asia Pacific region, especially in the context that Fiji is the first Pacific developing member country to host such…

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