Global 

China ignoring Donald Trump’s demand to purchase more farm goods as US-China trade crumbles

Now, however, China are believed to be refusing to make large-scale agricultural purchases until it has clarity on the US Entity List, which left Chinese firms such as Huawei subject to import blacklists, freezing them out of vital US-made technology. Mexico is doing great at the Border, but China is letting us down in that they have not been buying the agricultural products from our great Farmers that they said they would. Hopefully they will start soon! — Donald J. Trump (@realDonaldTrump) The South China Morning Post reported on Tuesday…

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Vietnam 

Việt Nam gathers opinions on direct power purchase agreement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Participants at the Public Consultation Workshop on DPPA Design and Pilot Planning for Việt Nam. — Photo World Bank HÀ NỘI — The Ministry of Industry and Trade (MoIT) and the US Embassy on Wednesday introduced a proposal for a Direct Power Purchase Agreement (DPPA) in Việt Nam. This new policy is expected to allow businesses in Việt Nam to procure electricity directly from private firms producing renewable energy and enable them to power their operations with 100 per cent renewable energy. During the development of this innovative mechanism, the…

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Vietnam 

Residential solar power purchase begins in central region – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A solar power panel installed on a house’s rooftop in Đà Nẵng. — Photo petrotimes.vn ĐÀ NẴNG — The Central Power Corporation (CPC) under the Vietnam Electricity (EVN) has paid nearly VNĐ1 billion (US$43,000) to buy solar power from 134 residential roof-top systems in the central and Central Highlands regions since 2018. A representative of the Đà Nẵng-based CPC said the money was paid for surplus solar power after family use in connection with the national grid. It said 134 households from Đà Nẵng City and Đắk Lắk and Khánh Hòa provinces had released a…

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Home 

Henderson Land marks Lee Shau-kee departure with record-breaking purchase of 3 billion yuan residential plot in Beijing

Hong Kong developer Henderson Land Development kicked off the post-Lee Shau-kee era with its first foray in Beijing’s residential market in 15 years, winning a 39,479 square metre plot in the Chinese capital’s Chaoyang district for 3 billion yuan (US$440 million) on Tuesday.It is a surprise win for Henderson Land – it outbid 11 mainland Chinese companies, including Ping’an, Country Garden and Longfor, having been absent from Beijing’s land market for more than a decade. The last project it won… Source link

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Home 

Malaysia’s southern state of Johor calls for property purchase restrictions by foreigners to be halved to bolster real estate sales

The Johor Real Estate and Housing Developers Association (Rehda) is calling on the government to consider reviewing the current threshold of property acquisition by foreigners.According to Johor Rehda chairman Chong Yoon On, the minimum threshold of 1 million ringgit (US$242,000) per unit imposed in 2014 should be reverted to 500,000 ringgit.The measure was introduced by the previous administration to stabilise domestic prices from excessive speculation to enable local interests to acquire… Source link

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Money 

Congestion or consumption? Beijing ponders trade-off on car purchase incentives to boost Chinese economy

A debate over whether the Chinese government should extend financial incentives for car purchases to increase consumption and economic growth is heating up.It started as sales in the world’s largest automobile market fell for the tenth month in a row in March. This created problems for domestic and foreign carmakers and hindered Beijing’s efforts to create a “powerful home market” that would offset the impact of China’s trade war with the US and slowing demand for Chinese exports.As China’s… Source link

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Vietnam 

Vinamik offers to purchase GTN shares for Mộc Châu Milk – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Việt Nam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Mộc Châu Milk. According to the document sent to the State Securities Commission on the purchase, Vinamilk has offered to buy a maximum of 46.68 per cent of GTN shares, or 116.71 million shares, with a price of VNĐ13,000 per share. Vinamilk estimates to spend about VNĐ1.5 trillion (US$64.5 million) on the deal.…

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Home 

Overseas buyers told they can’t purchase more of hot Chinese stock – and MSCI gives it the boot

The recent blizzard of overseas buying of Chinese stocks has brought about an outcome with Chinese characteristics – one of the hottest stocks hit a limit on foreign ownership and can’t be bought by foreigners for now.Han’s Laser Technology Industry Group is the hot stock suddenly in the spotlight.Last year, index compiler MSCI added it to the basket of Chinese A-shares that are part of its global gauges. But with the sudden surge in demand for A-shares, Hans Laser suddenly hit the 28 per cent… Source link

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Property 

Prices of China’s new homes grow at the weakest pace in eight months as purchase curbs bite hard amid a slowing economy

Prices of China’s new homes grew at the slowest pace in eight months in December, as the government’s curbs on speculation dampened sentiments amid a slowing economy, their impact particularly hard-felt in the country’s smaller cities. The prices of new homes rose by 0.77 per cent last month across 70 cities monitored by the government, according to Bloomberg’s calculation of data released by the National Bureau of Statistics. This was slower than the 0.98-per cent gain in November, and was the slowest clip since April 2018. “The continuous slowdown in…

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Home 

CapitaLand leads Singapore REIT consolidation with $4.4 billion purchase from Temasek

Singapore’s CapitaLand is buying the owner of a clutch of real estate investment trusts from state investor Temasek for about US$4.4 billion, a deal the developer said would create the largest diversified property group in Asia. CapitaLand will buy the holding companies of the business of the Ascendas-Singbridge Group, which manages Ascendas Real Estate Investment Trust, Ascendas India Trust and Ascendas Hospitality Trust, for cash and stock. The deal marks one of the biggest consolidations in Singapore’s fragmented real estate investment trust sector, in which some segments, like retail, face…

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