Vietnam 

Businesses must learn to handle trade defence measures – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers operate machines at a steel mill in HCM City. Measures are being tightened in major markets for Vietnamese products such as steel.  — VNA Photo HÀ NỘI — As Việt Nam joins more international trade agreements, dealing with and overcoming trade defence measures has become a top priority for Vietnamese businesses, especially for those working with markets known for their numerous and robust defence instruments such as the US and the EU. Vietnamese shrimp exporters received good news as the US’ Department of Commerce (DOC) announced their conclusion…

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China 

China needs to rev up stimulus measures to repair broken down car sales, analysts say

As China’s car sales head towards an expected 14th consecutive monthly decline in August, calls have been made for additional and more powerful purchase incentives after three previous measures intended to boost purchases have so far failed to halt the longest down cycle on record in the world’s largest auto market.Since July 2018, sales of passenger vehicles have fallen for 13 straight months on year-on-year basis, and while figures for August have not yet been released, preliminary data… Source link

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Vietnam 

Forum mulls measures to boost VN-South Korea trade in farm produce – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Pipeapples being processed for export at An Giang Fruit-Vegetables & Foodstuff Joint Stock Company. Vietnamese firms enjoy opportunities to boost its farm exports to South Korea. — VNA/VNS Photo Vũ Sinh HCM CITY — With its high demand for agricultural products, South Korea offers Việt Nam the opportunity to boost its farm exports. But to enable more products to enter that market, Vietnamese firms and farmers must focus on improving quality, building brand and offering competitive prices, delegates told a forum on Việt Nam-Korea Trade Promotion of…

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Home 

China Evergrande first major mainland developer to report profit decline as cooling measures hit sales

China Evergrande, the country’s third largest property developer by sales, posted a 45 per cent plunge in first-half core profit on Wednesday, becoming the first among the mainland’s top developers to report a decline in earnings.The sharp fall in core earnings – its first drop since the first half of 2016 – came after the central government rolled out a slew of cooling measures to curb property price growth earlier this year.Interim core profit came in at 30.35 billion yuan (US$4.2 billion),… Source link

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Vietnam 

Việt Nam adopts pro-active measures to protect trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Illustrative Image. —Photo hanoimoi.vn Lương Kim Thành, a senior officer from the Trade Remedies Authority of Việt Nam, talks to Hà Nội Mới (New Hà Nội) newspaper on Việt Nam’s resolve to be pro-active in the international market in all circumstances. Do you know why many countries have recently increased their monitoring activities against the flow of Vietnamese goods exported to their countries? With tense Sino-US trade relations, many countries have strengthened their trade protection measures to protect their local markets and production. Thanks to its lucrative policies on foreign investment,…

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Vietnam 

MoIT considers safeguard measures for apparel sector under CPTPP – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers iron clothes at Garment 10 Corporation. The MoIT is drafting a circular on safeguard measures for textile and apparel products under CPTPP. — VNA/VNS Photo Trần Việt HÀ NỘI — The Ministry of Industry and Trade (MoIT) is drafting a circular providing guidance for the application of safeguard measures for textile and apparel products under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). CPTPP is the first “new-generation” free trade agreement (FTA) that Việt Nam has signed. It officially took effect on January 14 this year. With 11 member countries and high tariff reduction…

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Home 

China’s economy is in a fix, but authorities are right to resist more stimulus measures

For four decades, China has seemed like an overly energetic start-up company. It has always had ambitious targets, from the “Four Modernisations” to “Quadrupling National Income”, and “Made in China 2025”. Now, it seems, “slogan fatigue” is setting in and officials appear to have run out of ideas.In my view, that’s not a bad thing. Indeed, it is a sign of maturity and increasing sophistication. If officials can take a back seat, the economy will be able to grow “not only at night, but also… Source link

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Singapore 

Singapore to roll out 13 measures to protect citizens’ personal data following data breaches, Digital, Singapore News

SINGAPORE – The entire public service will have to conform to a common framework to safeguard citizens’ personal data, beginning with 13 new measures developed after a spate of breaches in the past year. These digital measures, some of which are being put in place, aim to make databases unusable if information has been wrongfully extracted from them, detect unusual data transmissions and limit users’ access rights. For instance, sensitive files have to be encrypted and highly sensitive attributes of individuals, such as one’s HIV status, are to be hidden away…

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Home 

Sugar tax and other punitive measures won’t help Malaysians become healthier

The Malaysian government is justifiably concerned about obesity levels in the community but it is difficult to see how the implementation of a sugar tax in the country from July 1 will address this issue. In the absence of an effective public health education framework, the obese are likely to continue to seek out untaxed sweet drinks and desserts to satiate their needs.A tax of 40 sen (10 US cents) per litre will be implemented on all packaged drinks that contain sugar and other sweeteners in… Source link

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Singapore 

Gojek steps up fraud prevention measures to clamp down on ‘middlemen’, Singapore, Business News

SINGAPORE – Ride-hailing firm Gojek says it has taken steps to tackle the problem of fraudulent rides being offered through its platform, and will continue to strengthen its fraud prevention mechanism. Gojek said on Wednesday (June 19) that police have been investigating the issue since a report was made last month, adding that both the Indonesia-based company and the police have taken “significant actions” against unauthorised middlemen who have been offering cheap rides in Singapore. The Straits Times reported on Monday how at least two dozen “middlemen” have been actively…

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