Singapore 

Daughter of Hour Glass founders loses appeal, to start jail term for drug abuse next month, Singapore News

SINGAPORE – Audrey Tay May Li, 45, the daughter of the founders of luxury watch retailer Hour Glass, will start her jail sentence for drug abuse next month after her appeal was dismissed by the High Court on Friday (March 15). In October last year, Tay was sentenced to 22 months’ jail for repeatedly abusing drugs for two years. On one occasion, she had turned up intoxicated for a psychiatric assessment at the Institute of Mental Health. The former public relations consultant, who is divorced, was arrested in August 2015…

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Home 

China vehicles sales falls for eighth straight month in February, damping hopes of economic upturn

China’s vehicles sales fell for the eighth straight month in February, a further decline that could dampen Beijing’s plan to bank on the industry to bolster consumption to stabilise the country’s slowing growth.Sales for all vehicle fell 13.8 per cent in February compared with the same period in 2018, the China Association of Automobile Manufacturers (CAAM) said on Monday.The world’s second-largest economy and biggest car market sold 1.48 million vehicles in February, with CAAM suggesting that… Source link

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MTR to sell choice lot at Hong Kong’s gargantuan Lohas Park by end of month

Rail operator MTR will soon put up for sale a prized lot in what eventually will be Hong Kong’s largest residential estate, likely setting off a bidding war as land for private development hits a 10-year low.The lot – to go up for sale by the end of the month – is at phase 11 of the gargantuan Lohas Park. When completed in 2025, Lohas Park will become Hong Kong’s largest residential community, with 58,000 residents in 21,500 units.The Tseung Kwan O development in the New Territories is being… Source…

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Vietnam 

Power price to rise 8% this month – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Power prices will increase by an average of 8.36 per cent at the end of this month, said deputy minister of Industry and Trade (MoIT) Hoàng Quốc Vượng on Tuesday. Accordingly, the retail electricity price will be adjusted from the current VNĐ1,720 (7 US cents) per kWh to VND1,864 per kWh (8 cents) excluding value-added tax. Vượng said the power price rise was one solution to improve the finances of the electricity sector. Electricity prices have been adjusted seven times…

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Vietnam 

VinFast cars to be tested in Europe this month – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

DPRK delegation on their visit to VinFast automobile and electric motorbike manufacturing complex in Cát Hải Island District. — VNS Photo Viet Nam News HÀ NỘI — The first VinFast cars would be tested in Europe on March 6 this year, reported Vietnam News Agency. The cars will have to pass the most rigorous tests in order to ensure quality according to international standards. VinFast’s Lux model is expected to meet the five-star ASEAN NCAP, which is the New Car Assessment Programme for Southeast Asian Countries targeted to…

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Vietnam 

Gas price increases for third straight month – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A gas shop in HCM City. — VNA/VNS Photo Viet Nam News HÀ NỘI — Gas prices in the south in March increased by VNĐ17,000 (72 US cents) for a 12kg canister on Friday. Accordingly, the maximum retail gas price for consumers in HCM City this month is about VNĐ350,000 per 12kg canister. Gas prices have increased three times in the first three months of this year with a total increase of about VNĐ33,000 a 12kg canister. A representative of Saigon Petro said that global prices in…

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China 

China economy slows further as manufacturing sector PMI contracts for third straight month

China’s economy slowed further in February with manufacturing activity contracting for a third straight month, while services and construction activity eased further.The composite purchasing managers’ index, published by China’s National Bureau of Statistics on Thursday, fell to 52.4 in February from 53.2 in January.The latest reading is the lowest since the bureau started publishing the index in January 2017.The decline was led by factory activity, which fell further into negative territory in… Source link

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Global 

China PMI data expected to show manufacturing slumped for third month in a row

Activity in China’s manufacturing sector is expected to have contracted for a third straight month in February, suggesting the economy is still slowing, despite government efforts at stimulus.The National Bureau of Statistics purchasing manufacturing index (PMI) is expected at 49.5 in February, unchanged from January, according to a survey of economists by Bloomberg.A reading below 50 indicates a contraction in the manufacturing sector while a reading above 50 represents expansion.The official… Source link

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Home 

How much is enough to retire in Hong Kong – HK$19,000 a month sounds about right, survey finds

How much will you need each month to retire in Hong Kong and elsewhere in the Greater Bay Area?Hongkongers think HK$19,000 (US$2,420) is about right. That’s roughly double than what workers in Guangdong and Macau think they need, according to a retirement survey by insurer FWD Hong Kong released on Monday.Workers in the nine municipalities of southern Guangdong Province aim to have 8,700 yuan (US$1,285) per month while those in Macau want MOP11,700 (US$1,452) each month for retirement,… Source link

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China’s Vice-Premier Liu He accepts invitation to Washington this month for trade war talks

Chinese Vice-Premier Liu He has accepted an invitation to lead a Chinese delegation to Washington at the end of this month with the purpose of reaching a deal to end the trade war, according to a source who has been briefed on the arrangement. Liu, who is overseeing China’s trade negotiations with the United States, is expected to meet US Trade Representative (USTR) Robert Lighthizer and US Treasury Secretary Steven Mnuchin during the two-day visit, the source added. The trip will take place on January 30 and 31, dates previously…

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