Vietnam 

Viettel Post plans 36-per-cent growth in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Viettel Post aims to become the No 1 sales enterprise in Việt Nam based on a smart logistics platform by 2024. Photo baolongan.vn HÀ NỘI — Viettel Post, a subsidiary of Viettel Corporation, is aiming for growth of more than 30 per cent across its all business targets for 2019. In a document sent to its shareholders prior to the 2019 annual shareholders’ meeting on Thursday, Viettel Post said it plans total revenue of VNĐ6.7 trillion (US$288.5 million) and net profit of VNĐ380.2 bilion ($16.3 million) in 2019, both up more than 36 per cent over last…

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Home 

A look at Mukesh Amabani’s US$2.5 billion shopping spree provides an insight into how he plans to take on Amazon in India

A US$2.5 billion spending spree involving more than two dozen deals provides some insight into how Mukesh Ambani is piecing together a strategy to take on Amazon.com in India.Asia’s richest man is sharpening his focus on e-commerce with a string of tiny acquisitions and stake purchases to face the world’s largest online retailer, after shaking up India’s telecommunications industry with cheap data and free calls.The acquisitions represent a new strategy for Ambani’s Reliance Group, whose… Source link

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Money 

Chinese cities step up efforts to lure domestic migrants as government plans to relax local restrictions

Chinese cities will be ordered to partially or in some cases completely lift restrictions on new domestic migrants as the competition to attract a shrinking pool of graduate talent intensifies in the world’s second largest economy.China’s National Development and Reform Commission published its 2019 urbanisation plan on Monday, specifically stating cities with a population under three million should lift all restrictions on new domestic migrants, while cities with populations between three to… Source link

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Home 

Southeast Asia’s biggest budget carrier plans to turn airasia.com into online mall for travellers

AirAsia, whose website is used by 65 million customers every month, is considering a plan to sell tickets of non-competing carriers on airasia.com, using its size to give online travel agents a run for their money.The Kuala Lumpur-based carrier, Southeast Asia’s largest airline group, which already sells car rentals, accommodation at half a million hotels and serviced apartments worldwide and holiday packages in five regional destinations, thinks it can do a better job of selling these services… Source link

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Vietnam 

Southern region plans to grow other crops on low-yield rice fields – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Farmers grow chilli in rice fields in Tiền Giang Province’s Chợ Gạo District. – VNA/VNS Photo Minh Trí HCM CITY – The Mekong Delta and the south-eastern region plan to grow other crops on more than 126,300ha of low-yield rice fields this year as a means of adapting to climate change and improving farmers’ incomes. Of the figure, 124,526ha are in the delta, according to the Plant Cultivation Department. Farmers will rotate rice and other crops in the same fields or stop growing rice completely and…

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Home 

Ford switches to ‘China speed’, plans 10 new-energy vehicles for world’s largest auto market over the next three years

Ford Motor will produce its first battery-powered sport-utility vehicle in mainland China this year, as part of a three-year plan to develop 30 models for the world’s largest auto market, the US carmaker said on Wednesday. Ten of these models will be new-energy vehicles.“We are confident that with our business transformation, we will grow in our understanding of Chinese consumers, enabling us to launch more competitive vehicles and services at China speed,” said Chen Anning, the chief executive… Source link

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AIA says new headquarters to feature campus-like workspace, as insurer plans for next 100 years

AIA plans to adopt an “urban campus” concept for its redeveloped Wan Chai headquarters as it seeks to attract the next generation of employees, according to its chief executive.Ng Keng-hooi, group chief executive and president of AIA, said redevelopment work is expected to begin on its 50-year-old Stubbs Road headquarters this month.The project, first reported by the Post in December, is expected to last four years.“We call it an urban campus. We hope that it will become an iconic building in… Source link

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Singapore 

Uber launches Asia-Pacific hub in Singapore, no plans to restart in South-east Asia, Singapore News

SINGAPORE – Just a little over a year after it announced its exit from Singapore and the South-east Asian market, Uber now says it is in the Republic to stay. The American ride-hailing giant officially launched its Asia-Pacific hub here on Tuesday (April 2), occupying about 2,000 sq m at Fraser’s Tower on Cecil Street, overlooking the Central Business District. The new office, which is headed by Uber’s international chief business officer Brooks Entwistle, oversees the firm’s operations in nine countries across the region, including Australia, Bangladesh and Japan. While…

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Home 

Is ‘Iron Lady’ Dong Mingzhu’s Gree Electric facing an ownership shake-up? Air con giant plans partial stake transfer

Gree Electric Appliances, the air conditioner giant chaired by one of China’s best known and toughest businesswomen, said its state-owned controlling shareholder was planning a “partial stake transfer”, which could result in a change of the ownership structure.Gree Electric is controlled by the Zhuhai city government, which owns 100 per cent of the Gree Group. Gree Group was the biggest shareholder of Gree Electric with an 18.22 per cent stake as of the end of September.The company’s biggest… Source link

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Vietnam 

No SOE equitisation plans approved in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — No State-owned enterprises (SOEs) gained approval for their equitisation plans in the first three months of 2019, according to the Ministry of Finance’s Corporate Finance Department. Đặng Quyết Tiến, the department’s general director, said at a press conference on Thursday that the lack of approvals had slowed the equitisation plan set by the ministry for SOEs under its management. In 2019, the finance ministry has set a goal to equitise 18 SOEs, plus 41 SOEs left over from 2018 that failed…

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