Global 

China’s robot makers are hooked on subsidies, highlighting another red line in US-China trade war

Prospects of China and the US securing a deal to end the trade war are dwindling. This is the fifth in a series of long reads examining the elements of any deal that Beijing would be willing to agree to, those that are considered achievable in the long run, as well as the red lines, on which Beijing is unlikely to ever budge. Part five focuses on the complex issue of state subsidies for China’s hi-tech industries.If Beijing’s phasing out of references to “Made in China 2025”, the ambitious… Source…

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Taiwan bans China-made semiconductors from cable TV boxes, in line with new cybersecurity law

Taiwan’s telecoms regulator has banned cable television providers from sourcing components made by Chinese firms for use in digital set-top boxes, a move that adds to the woes of Huawei and its chip making arm, HiSilicon.A spokeswoman at the National Communications Commission (NCC) told the South China Morning Post that digital set-top boxes supplied by cable TV broadcasters in Taiwan can no longer use “chips and wafers of hybrid integrated circuits” that are made in China.The ban, which… Source link

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Jakarta’s first subway line poised to revitalise Indonesian capital’s property market

For Clara Rimba, a 35-year-old wife of a pastor in Tangerang, on the western outskirts of Jakarta, getting stuck in the city’s notorious traffic jams was the norm.So when the Jakarta MRT, Indonesia’s first subway started running in March, she was thrilled, knowing that it would ease her commute to attend prayer meetings.“The worst traffic jam I experienced was getting stuck for six hours, so the new train will be good and will help commuters have a faster and more convenient travel,” Rimba said… Source link

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China mulls scrapping benchmark lending rates in line with market conditions in latest reform move

China is considering scrapping its official benchmark lending rates to allow banks to react to market conditions in the latest move to liberalise interest rates, People’s Bank of China governor Yi Gang said on Tuesday.Yi’s comments in the middle of the trade war with the United States may be a bid to show that Beijing remains determined to continue market-oriented reforms rather than embark on aggressive monetary easing to help stabilise the economy.Market reforms should continue to benefit… Source link

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Singapore 

Uniqlo releases new Pokemon T-shirt line: Prices start from $19.90, Singapore News

Pokemon fans in Singapore, you won’t be able to resist this cute collection.  Japanese clothing brand Uniqlo has just released a brand-new T-shirt collection, with a total of 24 Pokemon-inspired designs.  Sales for the shirts will be available online and offline from June 24 and adult sizes will retail at $19.90, while kid sizes are $14.90.  All 24 designs were part of Uniqlo’s global T-shirt design competition and were carefully selected by a panel of judges.  Check out some of the winning designs!  FIRST PLACE: LI WEN PEI FROM CHINA Photo: Uniqlo Li’s…

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Singapore 

Canberra station on North-South Line to open on Nov 2, Singapore News

SINGAPORE – The new Canberra station, located between Sembawang and Yishun stations on the North-South Line, will open on Nov 2 this year. Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan made the announcement during a site visit of the station on Monday (May 20) afternoon. The station, which is only the second to be built on an existing line after Dover station on the East-West Line, is a 10-minute walk away from an estimated 17,000 households in nearby estates such as Sembawang Springs, EastLink I and…

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Money 

China’s securities regulator lays out his bottom line for corporate governance to undergird markets for external shocks

China’s securities regulator has reiterated his resolve to crack down on malfeasance, outlining four types of corporate activities that breach the bottom line of good governance, as the country’s stock market reeled from a week of roller-coaster swings.“Corporate governance forms the pillar and the foundation of the capital market, without which a solid financial system cannot exist,” said the chairman of the China Securities Regulatory Commission (CSRC) Chairman Yi Huiman, during an event by… Source link

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Vietnam 

10 ways to get MA deals across the line – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Brian Spence There has been plenty of mergers and acquisitions (M&A) action in Việt Nam in recent months and, so far, momentum does not appear to be fading – notwithstanding its relatively small size in comparison with more developed markets. Việt Nam has recently become one of the favoured destinations for M&A for foreign investors, particularly those from Japan, Korea and Singapore. Key sectors of interest include real estate, food and beverages, retail, and to a lesser extent, manufacturing. M&A activity is not, however, confined to foreign investment. A report…

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Singapore 

Shake Shack officially opens at Jewel Changi Airport today, and the first guy in line was there since 4.30am, Singapore, Food News

SINGAPORE – Famous New York burger chain Shake Shack made its highly anticipated Singapore debut at Jewel Changi Airport on Wednesday (April 17) by opening to a snaking queue. When The Straits Times visited the outlet at 10am, half an hour before it officially opened, an orderly line of more than 90 people had already formed. Burger fan Justin Zheng was first in line. The 37-year-old, who works in the aviation industry, had taken half-day leave just to join the queue early. He had waited outside Jewel Changi Airport –…

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Terry Gou to step back from ‘front line’ at iPhone assembler Foxconn as it expands into India, AI

Terry Gou Tai-ming, the billionaire founder and chairman of iPhone assembler Foxconn Technology Group, plans to step back from day-to-day operations, making room for younger management to run the world’s largest electronics contract manufacturer.A spokesman for Foxconn, formally known as Hon Hai Precision Industry, said Gou aims to sharpen his focus on the company’s strategic direction, denying earlier reports that he aims to resign or retire.“I’m already 69 years old. I hope to pass down my 45… Source link

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