Singapore 

Missing father and 3-year-old son found but yet to return to Toa Payoh home, Singapore News

The father and son pair who went missing two weeks ago has been found, The New Paper understands. On Wednesday last week, the police had released an appeal for information on the whereabouts of Mr Chew Poh Soon, 55, and three-year-old Darrell. The pair was last seen at Block 123 Toa Payoh Lorong 1, on July 2, at about 2pm. When TNP went down to their flat yesterday, Mr Chew’s wife, who goes by only the name Susanna, said a police officer had informed her on Saturday that they had…

Read More
Home 

Getting it right on Chinese bond bailout winners can lead to a windfall 30 per cent return

Venturing beyond bonds from state-owned issuers in China often involves more than just assessing credit risk. Investors need to make a call on whether authorities will bail out the borrower.Make a good call on that, and the rewards can be great. Any trader that took the plunge a month ago on buying the debt of distressed Chinese local oil refiner Shandong Qicheng Petroleum Chemical Industry Co got paid handsomely for the effort. They would have earned almost 30 per cent in three weeks.It would… Source link

Read More
Home 

Didi Chuxing ponders return of controversial car-pooling service a year after two passenger deaths

Didi Chuxing, operator of China’s largest ride-hailing platform, is considering to resume its controversial Hitch car-pooling service, nearly a year after two passenger deaths plunged the start-up into a crisis over user safety.The potential return of Hitch was discussed by Didi president Jean Liu Qing at a press briefing on Tuesday in Beijing, where she said the company planned to engage the public in talks on how to increase safety in this service.“The Hitch service is very environmentally… Source link

Read More
Vietnam 

VN stocks slip as economic worries return – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investor looks at his laptop screen displaying stock prices. — Photo tinnhanhchungkhoan.vn Vietnamese shares dropped on Tuesday morning, dragged by banks, petro firms and real estate companies. The benchmark VN-Index on the Ho Chi Minh Stock Exchange fell 0.34 per cent to close at 962.32 points. The VN-Index gained 1.65 per cent on Monday. More than 75.7 million shares were traded on the southern bourse, worth VND1.66 trillion (US$71.3 million). Investors were unable to uphold their positive sentiment following the ratification of the EU-Viet Nam trade agreements as…

Read More
Home 

Stocks Blog: Hong Kong investors return to trade truce by Donald Trump and Xi Jinping, overnight property destruction by demonstrators

Good day, traders — Hong Kong investors get their first shot at buying and selling here since the Xi-Trump trade truce was called on Saturday. On Monday, they were on holiday. And what a holiday — marking the 1997 handover from Britain to China — it turned out to be. Protests took a decidedly new turn, with demonstrators breaking the glass door to get into the Legislative Council building and doing other property damage.   So traders in Hong Kong ‘s market have competing emotions to factor… Source link

Read More
Singapore 

New GrabShare service with slightly cheaper fares in return for five-minutes wait time, Singapore News

SINGAPORE – Commuters will soon be able to book shared rides on ride-hailing app Grab for a slightly lower price and with a smaller chance of a sudden detour in exchange for waiting time of up to five minutes for the ride. The addition to GrabShare will be introduced for rides booked from Tampines, Pasir Ris and Changi from July 8, and will be implemented for all areas around Singapore by July 18. Commuters will also be able to get the estimated time of arrival at their destination for all…

Read More
Home 

US aviation regulator expects to allow Boeing’s 737 MAX to return to service by late June, say sources at UN aviation agency

The Federal Aviation Administration (FAA) expects to approve Boeing’s 737 MAX jet to return to service as soon as late June, representatives of the US air regulator informed members of the United Nations’ aviation agency in a private briefing on Thursday, sources told Reuters.The target, if achieved, means US airlines are unlikely to have to extend costly cancellations of 737 MAX jets they have already put in place for the peak summer flying season, but the FAA representatives warned that there… Source link

Read More
Home 

Hong Kong’s mall landlords mix gaming, golf and fashion with retailing as they search for oomph to hang on to return shoppers

The landlords of Hong Kong’s shopping centres are combining entertainment with retailing to turn many of the city’s malls into lifestyle destinations, a strategy for hanging on to returning customers as they compete with the increasing popularity of e-commerce.At least three malls in Mong Kok, Causeway Bay and Tsim Sha Tsui are offering activities such as e-sports, mini golf, indoor family entertainment along with their main retail offerings of shoes, apparels and toys.“The retail market is… Source link

Read More
Home 

Stocks Blog: It's the return of the trade war

The Chinese stocks market is braced for another rout following overnight comments by US President Donald Trumps’ top trade negotiator, Robert Lighthizer, accusing Beijing of back-pedalling on commitments made during trade negotiations between two of the world’s biggest economies. Trade talks will, however, continue, with a Chinese delegation in Washington on Thursday and Friday, Lighthizer said on Monday. Both sides have reasons to keep talking, even if the prospects of a short-term deal now… Source link

Read More
Home 

US ‘preparing to return US$200 million of 1MDB-linked funds to Malaysia’

US authorities are preparing to return about US$200 million of funds allegedly misappropriated from troubled state fund 1MDB to Malaysia, according to people familiar with the matter.The total includes about US$140 million from the sale of a stake in New York’s Park Lane Hotel and some US$60 million from a settlement paid by the producer of the Wolf of Wall Street movie, said two of the people, who asked not to be named as the details are private. The transfer could happen as soon as next week,… Source link

Read More