Vietnam 

MPOS mobile card payment leads the growth of payment channels in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. — Photo tapchitaichinh.vn HÀ NỘI — 2018 was the year witnessing the outstanding development of the new payment method via mPOS device. There was 27,500 places accepting payment via mPOS, posting 99 per cent year-on-year increase, according to the Việt Nam Bank Card Association (VNBA). The amount of MPOS payment points accounted for 9 per cent in the card acceptance network nationwide. Data from the VNBA’s annual report in 2018 also showed that…

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Singapore 

Born without arms, para-cyclist leads 270km ride from Malacca to Singapore, Singapore News

He was born without full arms but has never seen his disability as a hurdle. Mr Jagwinder Singh is a competitive cyclist and rides 50km to 80km a day. His wish? To one day win the Paralympics gold for India. Hailing from a small village called Pattran, near Patiala in Punjab, Mr Singh was 14 when he learnt to cycle. His parents bought a bicycle for his sister and watching her cycle inspired him to learn cycling. “Everyone said it would be impossible to ride without my arms, but I…

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Home 

Huawei leads Asian domination of UN patent applications in 2018

Huawei Technologies, the world’s largest telecommunications equipment supplier, led the pack with Asia accounting for more than half of the international patent applications at the World Intellectual Property Organisation (WIPO) last year, the UN body said on Tuesday.Shenzhen-based Huawei, which has been under pressure since the United States demanded its allies bar Chinese vendors from taking part in building 5G mobile networks because of national security concerns, made 5,405 patent… Source link

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China 

US-China trade decline leads to 20.7 per cent plunge in China’s total exports in February

China’s exports crashed by 20.7 per cent in February, the largest drop in three years, led by a large fall in trade with the United States.The total export decline was much greater than expected, possibly providing the first evidence of the impact of US tariffs on Chinese goods.China imported 19.9 per cent less from the US last month, down to US$7.9 billion from US$9.2 billion in January.It also exported 14.1 per cent fewer US goods, suggesting that trade between the world’s two biggest… Source link

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Vietnam 

New rule leads to drop in land-plot transactions in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Owners of land plots who want to divide them for eventual sale have been waiting for months to hear from officials since a new regulation on land division took effect a year ago in HCM City.  Because of the delays, the market for land sales was quiet for the first two months of the year, a stark contrast to the same period last year. Nguyễn Văn Hậu, general director of Asian Holding Joint-Stock Company, said the applications for land division had not been…

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Home 

Foshan leads the real estate rally among Greater Bay cities as speculators get ahead of curve

Foshan, an industrial city next to Guangzhou, has experienced the biggest gain in property prices in the last 18 months among the 11 cities in the Greater Bay Area plan, according to an index by Hong Kong property agent Centaline Property.As of January, prices for new and used homes in the city have risen 35 per cent since July 2017, according to the Centaline Greater Bay Area Index. Zhaoqing ranked No 2 with a 22 per cent gain, followed by Jiangmen with a 16 per cent gain and Hong Kong…

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Singapore 

Carlton Hotel equipment failure leads to power outage, Singapore News

First, there was equipment failure at a substation supplying power at Carlton Hotel yesterday. Then a fire forced the evacuation of around 1,000 people from the Bras Basah building, while lights went out in parts of Bugis, City Hall, Marina and Somerset. Shops and restaurants at the likes of Chijmes, Plaza Singapura and The Gateway were hit as power was cut off a little after 1pm. While the trains continued to run, stations on the North-East Line – HarbourFront, Outram Park, Chinatown, Clarke Quay, Dhoby Ghaut, Boon Keng and Potong…

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Singapore 

Overheating wok leads to fire at Telok Blangah hawker centre, 12 stalls affected, Singapore News

SINGAPORE – A fire broke out at a hawker centre in Telok Blangah on Monday morning (Feb 11). At least 12 stalls were affected after the gas supply was cut as a result, Chinese paper Shin Min Daily News reported. The Singapore Civil Defence Force (SCDF) said that it responded to the fire at 11 Telok Blangah Crescent at 9.08am. The fire involved a wok in a hawker stall, the SCDF said. No injuries were reported. The first firefighter who arrived at the scene observed flames coming from a partially…

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Property 

Is Victor Li the next Superman and can he outdo his father Li Ka-shing as he leads CK Asset into a new era?

After 35 years in the shadow of his illustrious father Li Ka-shing, Hong Kong’s richest man and fondly called “Superman” for his extraordinary entrepreneurial achievement, Victor Li Tzar-kuoi, is finally coming into his own. Victor, who took over as chairman of CK Asset Holdings and CK Hutchison from his father last May, is turning the focus of Hong Kong’s second largest developer by market capitalisation back to the city’s property market after the elder Li indicated in 2016 that the group would spread its net globally because of the challenges…

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Home 

CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek

Singapore’s CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek for about US$4.4 billion, a deal the developer said would create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock. The deal marks one of the biggest consolidations in Singapore’s fragmented real estate investment trust sector, in which some segments, like retail, face…

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