Vietnam 

NA leader lauds model port operator on 30th anniversary – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY      National Assembly Chairwoman Nguyễn Thị Kim Ngân lauded efforts and achievements by the Sai Gon Newport Corporation (SNP) over the past three decades when attending its 30th traditional day yesterday. A defence-security enterprise of the Vietnam People’s Navy, the corporation contributed to implementing the Vietnam Maritime Strategy, fulfilled its role of serving as a logistics base and military port, and built military facilities in border and island areas. Notably, in March 2018, it put into operation the Cam Ranh International Port – the largest logistics…

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Singapore 

Expert on Mobike exit: Business model of bike-sharing ‘a joke’, Singapore News

Reality has caught up with the bicycle-sharing industry, experts told The New Paper yesterday, after Mobike became the third major operator here to call it quits. The Chinese company, acquired last year by Meituan Dianpingfor US$2.7 billion (S$3.7 billion), applied to the Land Transport Authority (LTA) on Monday to surrender the operating licence it was granted in September last year. With just two viable operators, SG Bike and Anywheel, and a combined fleet size of just 4,000 bicycles left, the industry could be back to square one. Singapore University of…

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Home 

Meituan willing to sacrifice profitability for growth as business model shifts from subsidies to investments

Chinese food-delivery giant Meituan Dianping will continue to prioritise investments in new food-related businesses over profitability after reporting wider losses in the fourth quarter on Monday, according to its chief financial officer. “Profitability is not our most important goal in the short term, and we’ll continue to invest in areas such as our restaurant management system, and build up our ecosystem for the users and the merchants,” said Chen Shaohui, CFO and senior vice-president… Source link

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Home 

Boeing’s back-to-back crashes involving the same 737 MAX 8 model have few parallels in modern aviation history

Boeing’s twin disasters involving its newest single-aisle jet add to the history of rare aviation accidents that call into question the safety of the planes themselves.Back-to-back incidents where the aircraft is probed as a possible culprit are far less common than the usual litany of pilot error, mechanical failure, weather, war and terrorism. In the modern era, at least, that’s because manufacturers can draw on decades of experience and face rigorous reviews before new models are cleared to… Source link

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Vietnam 

New model of trade co-operation brings both opportunities and challenges – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Non-equity modes (NEMs) trade is spreading in Việt Nam and exposing the country to both opportunities and challenges, one expert believes. Shunji Karikomi from Waseda University in Japan was speaking at a seminar in Hà Nội on Wednesday, themed “Non-equity modes (NEMs) in Việt Nam, promoting new forms of trade between Japan and ASEAN,” co-organised by the Việt Nam Trade Promotion Agency (Vietrade) and the ASEAN-Japan Centre (AJC). Non-equity modes trade is a new form of trade carried out by transnational…

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Home 

China’s green finance model shows how saving the planet can also be a savvy investment

Green investing has turned out to be both a good deed and good deal. China, which is now one of the world’s largest markets for green finance, is showing how investing in sustainability is not only important for saving the Earth but can bring about excellent returns for the investor. Other countries should take note.  Chinese President Xi Jinping has made environmental protection one of the top three priorities of his second term and launched an extensive green finance initiative. The… Source link

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Tesla rushes Model 3s to China before trade war truce expires on March 1

At least three ships about the length of two football fields are slated to arrive at ports in China by the end of this month, each carrying precious cargo from Elon Musk. Tesla is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade war truce between presidents Donald Trump and Xi Jinping is expected to expire. Musk fears the two countries could ratchet tariffs back up, which would make the chief executive’s electric cars more expensive…

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Vietnam 

PNJ launches new jewellery store model – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The first PNJ Next store opens at 196-200 Hai Bà Trưng Street in HCM City’s District 1 on February 12. — VNS Photo Xuân Hương. Viet Nam News HCM CITY — Phú Nhuận Jewelry Joint Stock Company on Tuesday unveiled a new store model, PNJ Next. The company’s CEO, Lê Trí Thông, said PNJ Next, at 196-200 Hai Bà Trưng Street in HCM City’s District 1, indicates PNJ’s direction for the future with a new customer experience and interactive spaces and modern systems compared to existing stores. …

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Singapore 

‘Indecent exposure not my intention’, says model criticised for outfit at Somerset MRT station, Singapore News

A woman who found herself talk of the town after photos of her in a skimpy outfit went viral online has responded to criticism by netizens. Ms Ashley Garcia, who identifies herself as a freelance model from the Philippines, was seen queueing for an automated teller machine (ATM) at Somerset MRT station in a thin tank top. Photos of Ms Garcia and her eye-catching attire were posted on social media on Saturday (Feb 9). While some netizens felt that there was nothing wrong with Ms Garcia’s dressing, others were quick…

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Home 

Tesla recalls more than 14,000 Model S cars in China to replace faulty airbags made by Takata

China’s market regulator said on Friday that electric carmaker Tesla will recall over 14,000 Model S vehicles sold on the mainland to replace faulty airbags made by the now-defunct Japanese company Takata. The recall, which involves cars made between February 2014 and December 2016, will begin on April 10, the State Administration for Market Regulation said in a statement on its website on Friday. The cars were imported from the United States. Tesla’s recall is part of a crackdown on Takata-made airbags that have been blamed for a number of…

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