Home 

China pork prices could rise 70 per cent this year, with millions of animals facing cull

Pork prices in mainland China may rise by more than 70 per cent year on year to record levels in the second half of 2019 following a drop in hog supplies, Tang Ke, a department director at China’s ministry of agriculture and rural affairs, said on Wednesday.Chinese farmers have had to cull their pig populations to combat an outbreak of African Swine Fever that began in August last year.Meanwhile, the share prices of large meat processors in the country have risen thanks to optimism that higher… Source link

Read More
Vietnam 

Petrol prices continue to rise – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A petrol station in Hà Nội. In April, the petrol retail prices were increased by VNĐ3,000 per litre after two continuous hikes. Photo anninhthudo.vn HÀ NỘI — The retail prices of petrol and oil continued to increase significantly in the latest review of the ministries of Industry and Trade and Finance at 3pm on Wednesday. The retail price of bio-fuel E5 RON 92 has been raised by VNĐ1,115 to VNĐ19,703 (US$0.85) per litre, and that of RON95 no more than VNĐ21,235 ($0.91), up VNĐ1,484. The prices of diesel…

Read More
Home 

China’s smaller cities regain their mojo in March, as homebuyers return in droves, snapping a four-month deceleration in prices

The prices of China’s new homes snapped their four-month consecutive deceleration in March, recording a modest rebound last month as the easing of price-control regulations among the country’s far-flung smaller cities fuelled demand and prices.Prices advanced by 0.61 per cent in March, from February, at a faster monthly pace than the 0.53 per cent gain a month earlier, according to a Bloomberg calculation using National Bureau of Statistics data. New abodes cost more in March in 65 cities out… Source link

Read More
Home 

Impact of low interest rates on Asia-Pacific commercial property prices likely to be limited, says UBS

The pause in US Federal Reserve interest rate increases is unlikely to boost commercial property prices in Asia-Pacific, according to a new report from UBS.Citing historically low rental yields, driven in part by high pricing, the report noted that in Asia-Pacific cities outside Australia, the “marginal benefit from an extended period of low interest rates is very limited”.“Yields across most APAC markets are at their lowest in the last 10 years. Obviously, that does not mean prime yields… Source link

Read More
Home 

UK property asking prices rise in sign housing market has bottomed out

Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.The 1.1 per cent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 per cent, property website Rightmove said.Britain’s housing market has stumbled since the 2016 Brexit… Source…

Read More
Home 

One reason oil prices might buck the downward trend – demand from China

Well-respected institutions such as the Organisation for Economic Co-operation and Development (OECD) have cut their forecasts for global economic growth. It might be logical to infer that oil prices will head lower. But there’s an alternative argument, with China at its core, which lends itself to oil prices rising.  Updating its expectations from November 2018, last month the OECD shaved 0.2 percentage points off its global growth forecasts for 2019 and 0.1 percentage points off its 2020… Source link

Read More
Home 

The political message of Hong Kong’s proposed vacancy tax speaks louder than its efficacy in bringing down home prices

Some cities in Australia and Canada have introduced some sort of vacancy tax to motivate owners to put their homes for sale or rental on the market.Vancouver, a city which Hong Kong people are very familiar with, introduced a tax, equivalent to 1 per cent of the assessed value of a property deemed to vacant for more than 180 days. The tax was introduced two years ago when 5 per cent of Vancouver’s homes either stood empty or were underutilised, amid skyrocketing prices and soaring rents… Source link

Read More
China 

Hong Kong-listed Prada joins luxury brands in lowering prices in China

Prada has joined other luxury brands in reducing prices to reflect lower value-added tax in China, but analysts and buyers are doubtful whether this is enough to boost sales in China amid a softening in consumption.From April 1, Prada Group has reduced prices on all Prada and Miu Miu products sold through its directly operated stores in China and online by 3 per cent, the company said in an email on Wednesday evening.China lowered its VAT for the manufacturing sector from 16 to 13 per cent… Source link

Read More
Vietnam 

Petrol prices hiked in latest review – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The retail prices of oil and petrol rose sharply on Tuesday following adjustments made by the ministries of finance and industry and trade. The two ministries review fuel prices every 15 days to keep domestic prices up to date with the global market. The retail price of bio-fuel E5 RON 92 has been raised to a maximum of VNĐ18,588 (US$0.8) per litre, up VNĐ1,377, and that of RON 95 no more than VNĐ20,033 ($0.86), up VNĐ1,484. The ceiling prices of diesel…

Read More
Home 

Australia home prices continue to decline in March, but deflation slows

Australian home prices fell again in March as credit conditions remained tight and investors stayed away, though the pace of decline slowed as more auctions found buyers.Monday’s report from property consultant CoreLogic showed home prices nationally fell 0.6 per cent in March, from February when they dropped 0.7 per cent. That was the smallest monthly fall since October. Values were down 6.9 per cent on a year earlier.The index has fallen in 15 of the past 17 months, wiping out more than two… Source link

Read More