Vietnam 

State Treasury raises more than $90m via G-bonds – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  To date this year, the State Treasury has mobilised nearly VNĐ68.72 trillion through Government bonds issued on the HNX. VNA/VNS Photo HÀ NỘI — The State Treasury of Việt Nam mobilised more than VNĐ2.1trillion (US$90.17 million) through Government bond auctions on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ3 trillion worth of G-bonds were offered, including five-year and 20-year bonds each valued at a total of VNĐ500 billion and 10-year and 15-year bonds each valued at a total of VNĐ1 trillion. The State Treasury raised VNĐ211 billion worth of 20-year…

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Singapore investment holding firm United Industrial raises stake in Marina Centre for S$485 million

United Industrial Corporation, a subsidiary of UOL Group, is acquiring a further 24.27 per cent stake in indirect subsidiary Marina Centre Private Holdings (MCH) for S$485.3 million (US$358.86 million), to be paid in cash. It already owns a 53.07 per cent stake in MCH.The acquisition is being made through the purchase of shares from the following vendors – 10 per cent from OUE for S$200 million, 10.27 per cent from Finnegan Investments for S$205.3 million and 4 per cent from Mackmoor for US$80… Source link

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Vietnam 

State Treasury raises VNĐ1.8 trillion via G-bond auction – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HÀ NỘI — The State Treasury of Việt Nam raised VNĐ1.8 trillion (US$78.2 million) through a Government bond auction on the Hà Nội Stock Exchange (HNX) on Wednesday. Some VNĐ3 trillion worth of G-bonds were offered, including 10-year bonds valued at VNĐ1 trillion; 15-year bonds worth VNĐ1 trillion and 30-year and 7-year bonds each worth VNĐ500 billion.  The 10-year bonds mobilised VNĐ800 billion with an annual interest rate of 4.72 per cent.  A single bidder bought 10-year bonds at the price of VNĐ500 billion, with a yield rate of 4.72…

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Vietnam 

SP raises VN’s credit rating with a stable outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish processed for export at Cửu Long An Giang Seafood Import – Export Company in An Giang Province. S&P gave a stable outlook on Việt Nam, reflecting expectation that the economy would continue to expand rapidly.  — VNA/VNS Photo Vũ Sinh HÀ NỘI  Standard and Poors (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Việt Nam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports. Late last week, S&P raised its long-term…

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Vietnam 

Thanh Hóa Water Supply raises US$15.7 million from share sale – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Thanh Hóa Water Supply JSC on Wednesday raised US$15.7 million from selling 11 million shares on the Hà Nội Stock Exchange. The northern market regulator will hold five auctions in April to sell 37.4 million shares. — Photo thoibaotaichinhvietnam.vn HÀ NỘI — Thanh Hóa Water Supply JSC on Wednesday sold 11.05 million shares on the Hà Nội Stock Exchange (HNX), earning VNĐ365.7 billion (US$15.7 million). A total of 16 investors, including one institutional investor, signed up for the auction and registered to buy a total…

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China 

China raises 2019 budget deficit target on promises of tax cuts and infrastructure spending to stem slowdown

China’s government has lifted its 2019 budget deficit target to 2.8 per cent of gross domestic product (GDP) from last year’s 2.6 per cent, giving Beijing more room to step up tax cuts and increase infrastructure spending to stabilise its sagging economy, Premier Li Keqiang said in his annual work report.Business and personal taxes would be cut by 1.3 trillion yuan (US$194 billion) this year, more than the 1.1 trillion yuan in last year’s cuts, the premier said.The government will cut the value… Source link

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Vietnam 

Vietnamese startup raises $7 million from Silicon Valley – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Elsa Speak is an English learning application. — Photo elsaspeak.net Viet Nam News HÀ NỘI — Elsa Speak, an English learning application, has successfully raised US$7 million in funding from Google and Silicon Valley in the US. The successful capital call raises Elsa Speak’s total investment capital to $12 million from well-known funds in Silicon Valley and Asia. This funding came from Gradient Ventures. This is a venture capital fund investing in artificial intelligence (AI) in Google, aiming at providing financial support and technological advice to…

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China’s top securities regulator raises doubts about readiness of new tech board in debut meeting with press

China’s newly appointed top securities regulator Yi Huiman, a veteran banker, raised questions about the readiness of a proposed new stock board to rival Nasdaq for fundraising by the country’s best technology start-ups, as he met reporters on Wednesday afternoon.Yi was treated like a celebrity during his first press conference in Beijing. Since the start of the year, the Shanghai Composite Index has emerged as the world’s best performing major market, rising 19 per cent, reversing a downbeat… Source link

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AI chip unicorn Horizon Robotics raises US$600m in funding as China seeks to reduce dependence on imported semiconductors

Chinese artificial intelligence chip designer Horizon Robotics raised US$600 million in its latest funding round, likely one of the biggest of its kind, led by South Korean conglomerate SK, memory chip manufacturer SK Hynix and several Chinese carmaker-backed venture capital funds.The latest round of fundraising values the Beijing-based start-up at US$3 billion, according to a company announcement on Wednesday. Other backers include China Oceanwide Capital and CMBC Capital and Citic Securities’… Source link

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Vietnam 

Việt Nam raises over $2b via G-bond channel in first months of 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Staff at the Hà Nội Stock Exchange (HNX) organise a G-bond auction. — VNA/VNS Photo Viet Nam News HÀ NỘI — The State Treasury of Việt Nam has so far this year raised more than VNĐ51.24 trillion (US$2.19 billion) via Government bond (G-bond) auctions on the Hà Nội Stock Exchange (HNX). In the latest auction held on February 20, the State Treasury offered a total of VNĐ10 trillion worth of G-bonds with different maturities, including five-year bonds valued at VNĐ1.5 trillion, and 15-year bonds valued at VNĐ3 trillion…

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