Vietnam 

Fuel price hikes create pressure but CPI under control – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Giáp Bát Bus Station. Recent petrol price hikes were putting pressure on consumer prices.  VNA/VNS Photo Quang Quyết     HÀ NỘI – Petrol price hikes in April were putting pressure on prices but the consumer price index (CPI) was still under the control, according to the General Statistics Office (GSO). Petrol prices rose twice in April, adding altogether VNĐ2,500 per litre (US$0.11), equivalent to 14 per cent, to VNĐ19,703 for petrol E5 RON92 and VNĐ21,235 for petrol RON 95. Coupled…

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Global 

China’s state-owned firms under pressure from foreign investors to boost transparency

The increased participation of foreign investors in China’s domestic stock and bond markets is putting pressure on state-owned enterprises to increase their transparency and efficiency, but bringing them into line with global standards will take time, analysts said.Chinese state-owned enterprises (SOEs) often serve political policy ends – such as ensuring financial stability and supporting the real economy – as much as commercial objectives. The government also maintains SOEs as a safeguard… Source link

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Home 

The Excelsior goes out with a bang as iconic waterfront hotel bows to commercial pressure and makes way for an office tower

The front desk of The Excelsior in Causeway Bay as of February 20, 2019. The front desk will be turned into a bar after the final guest checks out on March 31. The concierge’s desk will turn into a DJ station, as the hotel’s staff bid their farewell to the 46-year-old hotel, which will be developed over six years into an office tower. Photo: SCMP / K. Y. Cheng Source link

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Singapore 

HSA recalls three brands of high blood pressure drug losartan over cancer risk, Singapore News

SINGAPORE – Three brands of a medicine prescribed for high blood pressure are being recalled because they contain higher than acceptable amounts of nitrosamine impurity, which can potentially cause cancer. However, patients currently taking these three brands of losartan are advised not to stop taking the medicine, as the immediate health risk is low, the Health Sciences Authority said in a statement on Thursday (March 28). The drugs affected are the 50mg and 100mg tablets from these brands: Hypergen, Losagen and Losartas. The Ministry of Health (MOH) said that about…

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Home 

HK Express deal exposes Chinese conglomerate HNA Group’s key assets as debt repayment pressure mounts

HNA Group has to be smart about its asset disposals as the sale of Hong Kong Express Airways barely makes a dent on the distressed Chinese conglomerate’s debt obligations and exposes its income-generating assets, say analysts.HNA on Wednesday agreed to sell the low-cost carrier to Hong Kong-based Cathay Pacific Airways for HK$4.93 billion (US$628 million). According to a stock exchange filing on Wednesday, Cathay will pay HK$2.25 billion in cash and repay HK$2.68 billion of debt held by HK… Source link

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Singapore 

Scoot flight from Singapore to Taipei experiences drop in cabin pressure, oxygen masks activated, Singapore News

A Scoot flight from Singapore to Taipei on Sunday (March 24) experienced abnormal cabin pressure during the plane’s descent, resulting in the activation of oxygen masks. Flight TR996 landed at 1.15pm at Taipei Taoyuan Airport. A female passenger who was travelling with her child reported that her infant vomited during the descent, said a Scoot spokesman in response to queries from The Straits Times. There were no other reports of injuries or major discomfort, added the spokesman. The aircraft was grounded for investigations. According to Taiwanese website ETtoday, when the…

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Vietnam 

Selling pressure pulls down VN-Index – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Shares ended on a negative note on Tuesday as selling force suddenly increased at the end of trading session, pushing many large-cap stocks down and making the market regress. The benchmark VN-Index on the Ho Chi Minh Stock Exchange lost 0.52 per cent to close at 1,006.59 points. The southern market index had climbed 0.77 per cent to close Monday at 1,011.86 points. More than 236.5 million shares were exchanged on the southern bourse on Tuesday, worth VNĐ5.8 trillion (US$247.2…

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Home 

Baidu under pressure to maintain pace of growth amid macro challenges and tough advertising market

Amid a slowing economy, as search fades in importance and with AI still in its infancy, Baidu is under pressure to maintain its growth pace, say analysts.China’s largest search engine and national AI champion posted fourth quarter results on Thursday that beat estimates, as its full-year net profit surged 51 per cent year-on-year to 27.6 billion yuan (US$4 billion) on total revenue of 102.3 billion yuan. But analysts pointed to slipping margins as evidence of the current tough times.Operating… Source link

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Vietnam 

Vietnam stocks to progress amid profit-earning pressure – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The benchmark VN-Index on the Ho Chi Minh Stock Exchange on Friday dropped 0.15 per cent to retreat from its four-day rally of total 4.8 per cent, ending last week at 950.89 points – a weekly increase of 4.64 per cent.— VNA/VNS Photo HÀ NỘI – After performing quite well in the first trading week after returning from a week-long Tết (Lunar New Year) holiday, market volatility is in focus this week with strong profit-taking possible following the…

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Home 

Hong Kong’s glut of unsold flats could put more pressure on prices

Hong Kong home builders could face greater pressure to slash ­prices as the number of completed but unsold new flats they held increased at the end of last year. Analysts said some home builders would offload stock by cutting prices by 5 per cent to 10 per cent from the current levels on completed unsold units, stepping up efforts to lower inventory as the government’s proposed vacancy tax looms. The city’s developers held 3,295 unsold homes which were completed in 2017 and 2018 as of December, about 10 per cent…

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