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Thailand, the Land of Smiles, is beaming on tourists, blockchain and cryptocurrencies alike to promote technological innovation

As digital landscapes shift between the new and the old, blockchain and cryptocurrencies have quietly risen in popularity, particularly as countries experiment with emerging technologies. With power increasingly framed by Asia’s soft ambitions as the region embarks on more persuasive methods of influence, the continent’s blockchain market is projected to grow by an estimated 87 per cent , with the next chapter of adoption likely to unfold within the East. Even as Asia continues its advance,… Source link

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Top venture capitalists, bankers land key role in deciding China’s tech board IPOs

Some of China’s most well-known venture capitalists and bankers could play a key advisory role in picking companies on the upcoming Nasdaq-style technology board in Shanghai.The Shanghai Stock Exchange published on Wednesday night two separate lists with names of candidates for the “listing and consultative committees” for the tech board.The two committees consist of 48 candidates each.Neil Shen Nanpeng, the founder and managing partner of Sequoia Capital China; Zhang Lei, CEO of Hillhouse… Source link

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Hong Kong developers Henderson Land, K Wah International report small increases in profit, are optimistic about 2019

Hong Kong property developer Henderson Land Development, chaired by tycoon Lee Shau-kee, said on Wednesday profit attributable to its owners inched up by 1 per cent last year, while that of K Wah International, chaired by billionaire Lui Che-woo, rose by 3.6 per cent, in a reflection of Hong Kong’s cooling housing market.Profit attributable to equity shareholders for the year to December 31, 2018 stood at HK$31.16 billion (US$3.96 billion), an increase of 1 per cent, Henderson Land, one of the… Source link

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Lee Shau-kee, Hong Kong’s second richest man, says he’s mulling retirement to hand the reins of Henderson Land to his two sons

Lee Shau-kee, Hong Kong’s second-richest man, will retire as chairman and managing director of Henderson Land Development, handing over the keys of the city’s largest property developer to his two sons, according to a company announcement.Lee, who turned 90 two weeks ago, is considering a plan to retire after Henderson’s annual general meeting on May 28, according to a statement to the Hong Kong Stock Exchange.“I, being advanced in age, am considering to step down from the position of Chairman… Source link

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Opinion | Proposed HK$1 trillion East Lantau Metropolis is the answer to Hong Kong’s future land needs

Seven public rental estates, comprising 20,600 units, are over 50 years old and ready for redevelopment. Yet, it has taken over four years to go through the town planning process to identify a feasible relocation site for the 9,100-unit Wah Fu Estate alone. Chief Executive Carrie Lam Cheng Yuet-ngor shows a pamphlet on the Lantau Tomorrow Vision proposal during a press conference on October 10, 2018. Photo: Dickson Lee The 7,400-unit Choi Hung Estate is facing the same challenge to dig out a massive relocation site. The Housing Authority currently…

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Vietnam 

Đà Nẵng tightens land management to combat price hikes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The city of Đà Nẵng has issued a document requesting the management and supervision of real estate brokerages and land transactions be enhanced to prevent unusual price hikes caused by the spread of false information. Individuals and organisations found to have fabricated rumours regarding development projects would be strictly punished, Đà Nẵng Standing Party Committee said. Việt Nam News Agency reported that false rumours disseminated by brokers contributed to hugely inflated land prices in the central city recently. Real estate…

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Electric carmaker Faraday Future seeks US$40 million for Nevada land as production plans unravel

Embattled Chinese electric carmaker Faraday Future (FF) is selling a 900-acre plot of land in North Las Vegas, Nevada for US$40 million, an advertisement posted on the company’s WeChat social media account showed.“The parcel is partially improved, and 700 acres have been fully graded for industry use. The sale is the result of the ongoing optimisation of business strategies at FF,” the post said on Thursday afternoon.The company added that this was a tough decision and that the move was a… Source link

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Hong Kong government must consider all possible options to address long-term land supply

The Hong Kong government recently accepted the recommendations proposed by the Task Force on Land Supply, providing eight options and strategy, which it considers worthy of further studies and implementation.These options – three short-to-medium term and five medium-to-long term – can provide 3,225 hectares of land in total. The former includes developing brownfield sites, tapping into private agricultural land reserves in the New Territories and alternative uses of sites under private… Source link

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Hong Kong’s Sino Land reports half-year profit of HK$2.37 billion, expects improved sales in second half

Hong Kong property developer Sino Land reported a 73 per cent drop in underlying net profit attributable to shareholders for the July to December period, with the decline attributed to distortions created by one-off asset disposals in the year earlier period.Underlying profit, excluding the revaluation gains on investment property, was HK$2.37 billion (US$301.92 million) compared to HK$8.93 billion in 2017, according to a filing with the Hong Kong Stock Exchange on Thursday.Its revenue jumped… Source link

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Mainland developers take redevelopment route to shore up land bank as they fail to win government tenders

Mainland builders appear to be shifting their land bank strategy by acquiring old buildings for redevelopment, as fierce competition and Beijing’s capital outflow restrictions make it difficult to secure plots in government tenders.Last year, they submitted 39 compulsory en-bloc sale applications to the Lands Tribunal, up 160 per cent from 2017, according to JLL’s Residential Sales Market Monitor released on Tuesday.“As mainland developers are finding it more difficult to win sites in the… Source link

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