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US luxury icon Tiffany to open more stores in mainland China as Chinese stay home where weak yuan still has buying power

Tiffany & Co. is planning to open more stores in mainland China as the weak yuan drives Chinese consumers away from spending overseas and they shift their luxury buying back home.Currency fluctuations have had “an influence on the intention of Chinese to buy abroad,” CEO Alessandro Bogliogo said in an interview in Shanghai on Thursday. “Conversely, we have seen a big increase in sales in mainland China.”The luxury jeweller plans to open more stores on the mainland, Bogliolo said, including one… Source link

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Chinese firms to build more coal power plants in Asia despite Beijing’s pledge for greener Belt and Road Initiative projects

China funds over a quarter of coal power plants with generating capacity of 399 gigawatts under development outside the nation. Here, Chinese men pull a cart in a neighborhood next to a coal-fired power plant in Shanxi, China, on November 26, 2015. Photo: Associated Press Source link

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EBSHK’S ASSET POWER

[Sponsored Article] 2019 marks the 50th anniversary of Everbright Sun Hung Kai (“EBSHK”). Over the past five decades, it has grown from a traditional brokerage firm to one of the leading financial service institutions in the region, providing one-stop services from broking, wealth management to financing for local and overseas investors. “There is one thing that has never changed – client focus always stays in the core of our business,” says Kevin Tai, Deputy Chief Executive Officer at EBSHK… Source link

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Vietnam 

Dầu Tiếng solar power plant inaugurated in Tây Ninh – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Government leaders and representatives of investors at the grand opening ceremony of Dầu Tiếng solar power plant. — Photo nhandan.org.vn HÀ NỘI — Dầu Tiếng Energy Joint Stock Company inaugurated the Dầu Tiếng solar power plant, the largest solar power project in ASEAN, in the southern province of Tây Ninh. The project is a financial co-operation between the company and Thailand’s B.Grimm Power Public Company limited, with total investment of more than VNĐ9.1 trillion (US$384 million). After more than 10 months of construction, the project officially connected to the national…

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Vietnam 

Authorities to have check-up on EVN’s power production costs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Staffs at EVN Cần Thơ check equipment. — Photo EVN   HÀ NỘI — The Ministry of Industry and Trade (MoIT) will be checking electricity production and business costs of Việt Nam Electricity (EVN) from last year. According to a decision of the deputy minister Hoàng Quốc Vượng, the inspection team from Electricity Regulatory Authority of Việt Nam (ERAV), representatives from ministries, the Government Office and Việt Nam Chamber of Commerce and Industry (VCCI) would conduct the check-up from September 3 to October 1. The inspection team would…

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Vietnam 

Thai firm to expand power plants to VN – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Gulf plans to import liquefied natural gas (LNG) as fuel for the project in Việt Nam. — Photo courtesy of Gulf   HÀ NỘI — Thailand’s Gulf Energy Development PCL has submitted a power generation plan to the Government of Việt Nam to develop a gas-fired power plant with an initial capacity of 6,000 megawatts (MW), according to the Bangkok Post. According to Ratthaphol Cheunsomchit, deputy chief executive of Gulf, the firm plans to import liquefied natural gas (LNG) as fuel for the project in Việt Nam. Besides Việt Nam,…

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Property 

Battersea Power Station: live and work in a London icon

[Sponsored Article] It may not be as lavish as Buckingham Palace, but for many Londoners and visitors, Battersea Power Station is just as iconic. Built from six million bricks with four tall chimneys, the facility supplied much-needed energy to London from the 1930s to the early 1980s, when it was decommissioned. Now, the former power station has been re-energized by renowned architects including WilkinsonEyre (Singapore’s Gardens by the Bay). Updating Sir Giles Gilbert Scott’s classic design… Source link

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Vietnam 

Russian enterprise wants to build power plant in Ninh Thuận – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The working session between Technoprom Export and Ninh Thuận authorities on Thursday. Photo baoninhthuan.com.vn   NINH THUẬN Technoprom Export, an affiliate of Russia’s Rostec Group, expressed its intention to invest in thermal power in the south central coastal province of Ninh Thuận during a working session with local authorities here on Thursday.  Technoprom Export Director General Topo Gilka said the firm had built five thermal power plants in Việt Nam with combined capacity of 685 MW, and joined in six hydropower projects with combined capacity of 3,146 MW.   He…

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Singapore 

Power trip causes heavy traffic jam at Tuas Checkpoint, Singapore News

Motorists experienced heavy traffic yesterday at Tuas Checkpoint due to a localised power trip that affected the immigration clearance system for about seven hours. In a statement to The New Paper, the Immigration and Checkpoints Authority (ICA) said: “The immigration clearance system at the arrival and departure car zones of Tuas Checkpoint experienced intermittent slowness due to a localised power trip at about 6.45am.” The automated clearance system and clearance systems at the motorcycle and bus zones were not affected. The clearance system at the affected lanes progressively resumed at…

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Vietnam 

German enterprise eyes solar power in Đắk Lắk – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam – Germany strategic partnership is growing well in multiple spheres, in which economy, trade and investment are among important pillars. — VNA/VNS Photo Văn ĐIệp HÀ NỘI — Việt Nam’s Government always encourages the development and effective use of renewable energy sources. The statement was made by Deputy Prime Minister Trịnh Đình Dũng at a reception in Hà Nội on Wednesday for Weert Boerner, Deputy Head of Mission, German Embassy in Việt Nam, and some businesses from Germany who came to explore investment opportunities in renewable energy. The…

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