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More prudent regulations to come for China’s sharing economy, says Premier Li Keqiang

Chinese Premier Li Keqiang says more prudent regulations will need to be adopted to help grow the country’s sharing economy, which has sparked public concern after years of being a magnet for major venture capital investments.“Like any new business, [the sharing economy] has its ups and downs,” said Li in a press conference on Friday to mark the conclusion of the annual gathering of China’s parliament. “But in general, it creates jobs, brings convenience to people and drives the development of… Source link

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Vietnam 

Deputy PM issues regulations for industrialisation strategy – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Deputy Prime Minister Trịnh Đình Dũng has recently issued the working regulations of the Steering Committee for Việt Nam’s Industrialisation Strategy within the Việt Nam – Japan co-operation framework until 2020 with a vision to 2030.— VNA/VNS Photo Danh Lam HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng has recently issued the working regulations of the Steering Committee for Việt Nam’s Industrialisation Strategy within the Việt Nam – Japan co-operation framework until 2020 with a…

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Be aware of these regulations affecting property advisements

I would like to share a case concerning a property advertisement with misleading or wrong information.An estate agency company issued an advertisement of a residential property for sale or rent with information of its block number, saleable area and gross floor area. Several photos showing the view of the property and its interior were also included.However, the photos did not belong to the advertised property but belonged to another property located in the same block on a lower floor, which… Source link

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Vietnam 

Regulations needed to support household businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The amendments to enterprise and investment laws should be aimed at promoting the development of the private sector, a conference held in Hà Nội was told on Wednesday. Organised by the Việt Nam Chamber of Commerce and Industry (VCCI), the conference aimed to collect opinions about plans to amend the Law on Investment and the Law on Enterprise being compiled by the Ministry of Planning and Investment. VCCI’s Chairman Vũ Tiến Lộc said it was critical to create the legal framework for business households to promote…

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Vietnam 

VN’s watermelons face many regulations from China – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Asia – Africa Market Department, under Ministry of Industry and Trade (MoIT), has made some recommendations for Vietnamese enterprises when exporting watermelons to China. According to the MoIT, watermelon cultivation area in China is currently about two million ha, 10 per cent of the total area of fruit and vegetable crops. Watermelon average output is about 73-75 million tonnes per year. China Customs statistics showed that from 2014 to early 2018, China imported an average of more than 200,000 tonnes per year with a…

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Singapore 

ofo’s bike-sharing licence suspended over failure to meet regulations, Singapore News

The Land Transport Authority (LTA) has suspended the operating licence of Chinese bicycle-sharing firm ofo with effect from yesterday after it failed to comply with regulatory requirements. The beleaguered company had been granted a licence to operate a fleet of 25,000 shared bicycles in October last year, but it later requested that this be cut down to 10,000. LTA issued an ultimatum to ofo on Jan 15, saying the company had breached multiple critical requirements, including having too many deployed bikes and failing to properly implement the Quick Response-code parking…

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Singapore 

Parliament: AVA intends to review regulations of pet industry, Singapore News

SINGAPORE – The Agri-Food and Veterinary Authority (AVA) plans to do a comprehensive review of the regulations of the pet industry, including how best to regulate pet boarding businesses, said Senior Parliamentary Secretary for National Development Sun Xueling in Parliament on Wednesday (Feb 13). She noted that the AVA currently licenses pet shops and pet farms, some of which have commercial pet boarding facilities. Ms Sun was replying to Mr Louis Ng (Nee Soon GRC) who had asked whether the National Development Ministry will license such “pet hotels” on top…

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Australia’s landmark banking inquiry: Tighter regulations, crackdown on ‘overinflated’ bankers’ salaries to come

A major shake-up of Australia’s massively profitable banking sector is on the cards as a landmark inquiry into abuses in the financial services industry releases its final report on Monday. Sweeping legislative and regulatory changes, a crackdown on the massive pay packets of bankers, and even criminal charges against senior executives could be among the recommendations issued by the royal commission. Major lenders – including the country’s “big four” banks, which are among the developed world’s most wealthy – have been under scrutiny in recent years, over allegations of dodgy…

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Vietnam 

Exporters advised to follow origin regulations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) has advised Vietnamese exporters to strictly abide by regulations related to products’ origin. This comes as many members of the World Trade Organisation (WTO) have strengthened trade safeguard tools to protect their domestic industries. According to the Trade Remedies Authorities of Việt Nam under the MoIT, in nearly six months from May to October of 2018, the world’s 20 largest advanced and emerging economies (G20) launched 85 trade defence cases, including 63 anti-dumping cases, 19…

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Vietnam 

Agricultural firms improve standards to satisfy new Chinese regulations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Exports of agricultural products to the vast Chinese market are expected to increase if branding and quality of Vietnamese goods improve, speakers said at a meeting yesterday in HCM City.  Trần Thanh Nam, deputy minister of Agriculture and Rural Development, said that export potential to China was huge, especially for fruit, seafood, rice, wheat flour and rubber.   China’s top agricultural imports from Việt Nam are durian, grapefruit, passion fruit, sweet potato, coconut and mangosteen. In addition, China has approved 13…

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