Home 

Remember that ‘Chinese boycott’ of Canada Goose down jackets because of Meng Wanzhou? Revenue numbers show it didn’t happen, with sales rising, and forecasts up

Canada Goose Holdings Inc boosted its annual forecast for the second time in six months, signalling its premium down parkas remain popular with Chinese shoppers amid a diplomatic spat between China and Canada and calls for a boycott of the brand. Based on the “strength” of the nine months ended on December 31, Canada Goose said revenue would rise in the mid-to-high 30s on a percentage basis, compared with a November forecast of at least 30 per cent. Last quarter, sales climbed 50 per cent to C$399.3 million (US$301 million),…

Read More
Vietnam 

January budget revenue rises 7.5 per cent – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

January budget revenue was estimated to be VNĐ144.6 trillion (US$6.15 billion), representing a rise of 7.5 per cent over January 2018. – Photo vneconomy.vn Viet Nam News HÀ NỘI — State budget revenue was estimated at a total of VNĐ144.6 trillion (US$6.15 billion) in January, representing a rise of 7.5 per cent over the same month of 2018. The month’s budget collection was equivalent to 10.2 per cent of the target for the full year. According to the latest report from the Ministry of Finance, domestic revenue…

Read More
Home 

Increase in Lunar New Year tourism, revenue fails to boost stocks on first trading day in mainland China

A 7.6 per cent year-on-year increase in domestic tourism during the Lunar New Year holiday failed to boost stocks on the first day of trading in the Year of the Pig in mainland China. The benchmark Shanghai Composite Index opened flat on Monday, while the Shenzhen Component Index opened higher, as the US-China trade talks continued to weigh on the market. On Sunday, the official Xinhua news agency reported strong growth in domestic and international travel and spending over the week-long holiday, with border crossings in and out of China…

Read More
Home 

Could promise of ‘spillover’ revenue make infrastructure investment more attractive for private sector?

The estimated cost of supplying the world – and its fastest growing region of Asia in particular – with infrastructure such as transport, energy and communications systems over the next couple of decades runs into trillions of dollars, and the gap between the finance needed and what is being spent at present likewise amounts to thousands of billions. How is the gap to be closed if economic growth and social welfare are not to suffer? Policymakers have been wracking their brains for decades over this question and are still nowhere…

Read More
Vietnam 

Cần Thơ to exceed budget revenue target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — The Cần Thơ City’s Customs Department is targeting collecting VNĐ2.39 trillion (US$102.98 million) for its budget, exceeding 5 per cent of the goal assigned by the Ministry of Finance.  To achieve the target, the department will closely manage revenues, strengthen inspections and control prices, origin of goods and tax collection for imports and exports. Speaking at a Customs Department meeting on Tuesday, Trương Quang Hoài Nam, vice chairman of Cần Thơ City People’s Committee, asked the department to work with agencies to…

Read More
Vietnam 

Digital content revenue estimated at $895 million in 2018 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Digital content revenue was estimated at US$895 million last year, of which revenue from digital content export reached $775 million, according to the Ministry of Information and Communications (MIC). The whole digital content industry has more than 3,700 enterprises with nearly 63,000 employees. The average income per capita in the digital content sector is more than $7,000 per person per year. According to MIC’s information, VNG is the domestic digital content enterprise with the highest revenue. VNG’s revenue reached VNĐ3.16…

Read More
Vietnam 

HCM City hits 2018 revenue target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — HCM City’s revenues last year grew by 8.6 per cent to VNĐ378.54 trillion (US$16.3 billion), according to the Department of Finance. The city, which gets a portion of its revenues allocated to it by the Government, spent VNĐ72.63 trillion, up almost a fifth from the previous year, with VNĐ30.79 trillion being spent on socio-economic infrastructure. Huỳnh Thị Thanh Hiền, deputy director of the city Department of Finance, told a review meeting where the figures were tabled that despite facing many challenges…

Read More
China 

Beijing mayor calls for belt-tightening amid ‘external uncertainties’, revenue squeeze

Beijing city will slash its general expenditure by at least 5 per cent for 2019, its mayor said on Monday, citing tough fiscal challenges from “growing external economic uncertainties”, tax cuts and commitments like the Winter Olympics. “[Officials] should be prepared to tighten their belts,” mayor Chen Jining said as he delivered his annual government report. “Despite stable economic growth, downward pressure leads to gaps between fiscal revenue and expenditure.” China December trade data bad, but likely to get worse this year Analysts said the fiscal challenges facing the capital…

Read More
Vietnam 

Habeco targets $515m revenue in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A beer production line at Habeco’s Hà Nội-Mê Linh beer factory in the capital. – Photo congnghieptieudung.vn Viet Nam News HÀ NỘI — The Hà Nội Beer Alcohol and Beverage JSC (Habeco) has set a revenue target of more than VNĐ12 trillion (US$515 million) in 2019, 9 per cent higher than last year’s figure. The brewer will also contribute above VNĐ5 trillion ($215 million) to the State budget, Habeco’s General Director Ngô Quế Lâm said at a conference to review the company’s performance in 2018 and outline tasks…

Read More
Vietnam 

Cement Corporation sets revenue target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Việt Nam Cement Industry Corporation is targeting more than VNĐ3.2 trillion in revenue this year. — VNA/VNS Photo Viết Ý Viet Nam News HÀ NỘI — Việt Nam Cement Industry Corporation (VICEM) targets a net revenue of VNĐ40 trillion (US$1.72 billion) this year, a level that would mark a year-on-year increase of 10 per cent. The pre-tax profit is expected to be more than VNĐ3.2 trillion, said General Director of VICEM Bùi Hồng Minh at a conference held in Hà Nội on Monday to review the firm’s 2018…

Read More