Vietnam 

Mekong, southeast regions ask for quick release of public funds for infrastructure – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Delegates at the “Building a plan for the socio-economic development and public investment in 2020 in the Southeast and Mekong Delta region” conference held in Vĩnh Long Province on Wednesday. — VNA/VNS Photo HCM CITY — Provinces and cities in the Cửu Long (Mekong) Delta and south-eastern region and experts have called on the Government to prioritise investment to develop these regions’ infrastructure and foster development based on their inherent advantages. At a conference titled “Building a plan for the socio-economic development and public investment…

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Far East picks up the smallest land plot at Kai Tak at discount, as public unrest deters developers from long-term investments

Hong Kong’s government sold the smallest land parcel at the former Kai Tak airport at a discount to market expectations, as the city’s 10 consecutive weeks of public unrest deterred developers from committing to long-term investments.The commercial site, located next to the Kai Tak Sports Park built over the former airfield, sold for HK$2.45 billion (US$312 million), 9.4 per cent less than the lower end of the HK$2.7 billion to HK$3.6 billion range that valuers were looking for. Far East… Source link

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Chinese stock exchanges seek public feedback on allowing mainland investors to buy shares in Hong Kong’s dual-class structured companies

Xiaomi, Meituan Dianping and other Hong Kong-listed companies with dual-class share structures are getting a step closer to being accessible to mainland Chinese traders.The Shanghai and Shenzhen stock exchanges on Friday began to seek public feedback on the idea of including companies with weighted-voting rights trading in the city in the stock connect programmes, they said in separate statements on their websites.Nasdaq-style Star Market must show it is more than a casinoThe move would allow… Source link

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Hong Kong’s index of used homes fell in June as trade war, public unrest combine to stifle property market bull run

The prices of Hong Kong’s lived-in homes dropped by 0.8 per cent in June, as the year-long US-China trade war and unprecedented levels of public unrest combined to send property buyers to the sidelines, ending a five-month bull run in the city’s real estate market.The price index of used homes fell to 393.7, according to the Rating and Valuation Department’s data. Property analysts said the decline will accelerate in the coming months.“The index will still adjust downwards in the next one to… Source link

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Singapore 

No joke: 3 men in hazmat suits arrested for public nuisance at cosplay event, Singapore News

Get your dose of humorous and wacky stories that happened this week. In their white hazmat suits, they didn’t look out of place at Cosfest XVIII. After all, most attendants were cosplaying their favourite characters from anime series and video games at the event held at Downtown East on Sunday (July 21). But the trio started wreaking havoc – destroying works on display, spraying an unknown substance, and handing out ‘pervert’ cards to people at the cosplay event. So the event organiser called the security on them. The pranksters, aged…

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Singapore 

Tin Pei Ling alerts public to suspected scammer posing as her non-existent brother, Singapore News

SINGAPORE – MP Tin Pei Ling took to Facebook on Saturday night (July 20) to alert the public to a suspected scammer who was posing as her brother. Ms Tin has no siblings. In her Facebook post, Ms Tin said that the person was claiming to be her sibling and encouraging people to invest in an investment scheme in China. Ms Tin added that she found the incident strange as she has no siblings and is an only child. “I don’t see how this so-called investment has got anything to…

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China 

China’s social credit system will not lead to citizens losing access to public services, Beijing says

China’s controversial social credit system will not result in individuals or companies losing access to public services, a senior government official said.Lian Weiliang, vice-chairman of the National Development and Reform Commission (NDRC), China’s state planner, said that “in the past, there were some inappropriate punishment measures for dishonesty in some regions, which have already been regulated and corrected”.The social credit system assigns both positive and negative scores for… Source link

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Vietnam 

Low disbursement of public investment in H1: MPI – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A part of the Metro Line No.1 in HCM City, linking Bến Thành Market in District 1 with Suối Tiên Tourism Park in District 9. A lack of investment capital has caused problems and delays with the construction process. — VNA/VNS Photo Tiến Lực HÀ NỘI — The Ministry of Planning and Investment (MPI) must review obstacles in disbursing public investment as well as accelerate the speed of capital allocation, especially Government bonds and official development aid (ODA). The statement was made by Deputy Prime Minister Vương Đình Huệ at…

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Singapore 

Auditor-General finds lapses in procurement, contracts and IT controls in public agencies, Singapore News

SINGAPORE – Weaknesses in IT controls, as well as irregularities in procurement and contract management were among the key financial lapses in several ministries and government agencies flagged by the Auditor-General’s Office (AGO) in its latest annual report. The report was made public on Tuesday (July 16), after the AGO’s audit of government accounts for the 2018/2019 financial year. The report covers the financial statements of all 16 ministries and eight organs of state, as well as nine statutory boards, four government funds, four government-owned companies and three other accounts.…

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It’s China’s job to restore public trust in Hong Kong. Carrie Lam can’t do it alone

The cheerful Yorkshire cabby was typically talkative as he bundled away my luggage at York railway station, 200 miles north of London. The clouds threatened rain. His taxi radio blathered about Boris Johnson and Brexit as he asked where I was from. When I told him Hong Kong, the cheer immediately froze: “You’ve been having a bit of bother out there, haven’t you. Looks like your Carrie Lam is in a bit of a mess.”No matter where I have been in the UK in the past two weeks, everyone I…

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