Global 

China outstanding bank loans fell in August, backing new moves to boost credit to support economy

The growth in China’s outstanding bank loans fell again in August, supporting the central bank’s decision to start easing credit conditions and suggesting further steps ahead to support an economy pressured by the trade war with the United States.The country’s commercial banks extended 1.21 trillion yuan (US$170.22 billion) in new loans in August, in line with expectations and higher than the 1.06 trillion yuan in July, according to data released by the People’s Bank of China on Wednesday… Source link

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Outstanding entrepreneurs allow their talent to shine and inspire at prestigious EY Entrepreneur Of The Year award

[Sponsored article] As an innovative force in the market, and an inspiring source of new ideas, goods, services and business models — entrepreneurs are one of the key driving forces behind business and economic growth in the world. Yet, many such motivators prefer to keep low profiles. To celebrate entrepreneurship and to champion entrepreneurs’ outstanding contribution to the economy, in 1986, leading international professional services firm EY established the EOY award in the United States… Source link

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Negative equity rears head again as 262 homeowners see property values drop below outstanding loans

Falling prices pushed 262 homeowners into negative equity in the fourth quarter last year, marking the first time in two years that some property values have dropped below outstanding mortgage loans, the Hong Kong Monetary Authority said on Thursday. The HKMA said these negative equity cases were mostly related to housing loans given to bank staff or to those under the mortgage insurance programme, which have higher than normal loan-to-value ratios. These type of mortgages could be as high as 105 per cent of the value of the property, compared…

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Singapore 

Singapore will discuss outstanding issues with Malaysia in calm, reasonable, focused manner, says Vivian Balakrishnan, Singapore News

SINGAPORE – Singapore will do its best to discuss all outstanding bilateral issues with Malaysia in a calm, reasonable and focused manner, said Foreign Minister Vivian Balakrishnan in Parliament on Monday (Jan 14). But he also stressed that he does not expect a quick or smooth resolution to these issues, which include the disputes over maritime and airspace boundaries. Last October, Malaysia unilaterally extended the Johor Baru port limits into Singapore’s territorial waters off Tuas. It has also raised objections over the implementation of new Instrument Landing System procedures for…

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Vietnam 

10 outstanding stock events in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Securities Journalists Club on Thursday announced the top 10 biggest events for Việt Nam’s stock market in 2018. 1. Stock market declines after 5 consecutive years of growth This year, the stock market witnessed the choppiest year since the 2008 global financial crisis. The market declined for the first time after five consecutive years of rallying in parallel with the growth momentum of the economy. It achieved a record high gain of 47 per cent in 2017. The VN-Index,…

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Vietnam 

City honours outstanding firms, entrepreneurs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Secretary of the HCM City Party Committee Nguyễn Thiện Nhân (front row, fourth right) and outstanding enterprises pose for a photo after the ceremony. — Photo sggp.org.vn Viet Nam News HCM CITY — Nearly 200 enterprises and entrepreneurs in HCM City were awarded for their outstanding achievements at a ceremony held in the city on Saturday. The event, which saw the attendance of Secretary of the municipal Party Committee Nguyễn Thiện Nhân, was organised by the HCM City Union of Business Association (HUBA) to mark the 14th celebration…

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