Singapore 

Get a new iPhone 11 delivered to you before noon on launch day if you buy from Lazada, Digital, Singapore, Lifestyle News

Looking to flex on others with the latest iPhone model on launch day but not willing to queue up overnight? Lazada claims to have a fuss-free solution to your Apple fanboy needs.  The e-commerce site promises to deliver a fresh iPhone 11 model into your hands on the very same day that it goes on sale (that’s this Friday) — before noon, even.  The important thing to note here is that you don’t even have to suffer through the heat, haze, and boredom of waiting in line to get the…

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Home 

Grab plans to launch 50 GrabKitchens across Indonesia this year

The food delivery business of ride-hailing firm Grab, Southeast Asia’s most valuable tech unicorn, plans to roll out more than 50 so-called GrabKitchens across Indonesia by the end of this year.GrabKitchens are set up similar to food courts, except that vendors prepare their dishes only for pickup and delivery.“Our source of growth will be driven by GrabKitchens in the second semester of 2019,” said Ichmeralda Rachman, head of marketing at GrabFood and new business for Grab Indonesia, during… Source link

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China and Russia to edge closer to reducing US dollar reliance with Moscow set to launch first yuan bond

Moves by China and Russia to reduce reliance on the US dollar are set to continue at the end this year or early next year with the Ministry of Finance in Moscow likely to launch its first yuan-denominated bond.Moscow is hoping a yuan bond will lift interest by Chinese investors in Russian assets and it would also help to create benchmarks for the setting up of hedging options for roubles and yuan, sidestepping the use of the US dollar. “Currently, several banks led by Gazprombank and [China… Source link

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China conglomerate Fosun to launch new products, invest in unicorns after a stellar first half

Chinese private conglomerate Fosun International plans to launch new products aimed at families within two years, according to company officials, after it posted record first-half revenue and its first interim dividend arrangement.“We are seeing initial success with our strategy to focus on family consumption, from the aspects of happiness, health and wealth,” billionaire and Fosun co-founder Guo Guangchang said at a news conference on Wednesday.The company gave no details on the kinds of… Source link

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Home 

Evergrande Health unveils launch date for electric vehicle developed with Koenigsegg, to invest 6 billion yuan in project despite first-half loss

Evergrande Health said on Friday it will unveil a next-generation electric vehicle at the Geneva International Motor Show in March, and will invest 6 billion yuan (US$846.4 million) in the second half this year, shrugging aside a loss of 1.98 billion yuan for the six months to June 30.The company, a listed unit of China Evergrande, China’s third-largest developer by sales, started a new energy vehicle segment only in June last year. It has invested 14 billion yuan into developing the next… Source link

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Vietnam 

Banks launch recruitment drives to prepare for year-end – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  HDBank announced a plan to recruit 1,000 new staff for transaction offices and branches in HCM City, Hà Nội and 44 other cities and provinces nationwide. Photo HDBank HÀ NỘI — Several banks have recently announced they would recruit a large number of personnel to meet their business expansion plans in the last quarter of the year – the busiest time for banks. HDBank announced a plan to recruit 1,000 new staff for transaction offices and branches in HCM City, Hà Nội and 44 other cities and provinces nationwide. The positions…

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China 

Facebook’s Libra set to face competition as China races to launch digital currency, official media says

China’s central bank is racing to release its own digital currency ahead of Facebook’s Libra, according to mainland Chinese media.China Daily reported on Tuesday that the time is “almost ripe” to introduce a government-backed digital currency, citing experts close to the People’s Bank of China (PBOC).Yang Dong, director of the Research Centre of Finance Technology and Cyber Security at Renmin University of China, told the state-backed newspaper that China’s digital currency is inspired by… Source link

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Property 

Hong Kong’s protest rallies force Thai developer to defer sales launch of ultra luxury apartments in Bangkok

Magnolia Quality Development Corporation, the developer of an ultra luxury apartment complex in Thailand, said it had to put off the marketing plan to sell the remaining units of its project in Hong Kong, as 11 weeks of protest rallies in the city showed no signs of letting up.At The Residences at Mandarin Oriental in Bangkok, a 52-storey ultra-luxury condominium completed last week, about 30 per cent had been sold to foreign buyers, of which the majority were from Hong Kong and mainland China… Source link

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Home 

What to expect as launch of Hong Kong virtual banks nears

Virtual banking in countries such as the United Kingdom, Japan and mainland China could help draw a picture of the sector in Hong Kong, where these lenders are expected to launch operations in the fourth quarter.A quick account opening process, no fees for basic services, higher interest rates and better cash rebates have helped virtual lenders draw customers away from traditional banks.“Hong Kong’s digital banking landscape could follow a similar path to jurisdictions such as the UK, where… Source link

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Hongkongers are reaping the benefits of virtual banks even before their launch. Here’s how

Hong Kong’s first virtual banks are not expected to be operational for at least another month, but banking customers in the city are already reaping the benefits. For the first time in about two decades, eight of the special administrative region’s largest banks will no longer charge fees for failure to maintain a minimum monthly balance.HSBC, one of the city’s three currency-issuing banks, kick started the movement and announced in June it would scrap the fees starting August 1. The award of… Source link

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