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The rise and rise of Bangladesh

A report titled “Bangladesh Development Update: Towards Regulatory Predictability”, released this month by the World Bank, ranks Bangladesh among the top five fastest growing economies in the world.The report projects Bangladesh to grow at a rate of 7.3 per cent during 2018-19. It is preceded by two other South Asian neighbours, India and Bhutan, which are estimated to grow at a rate of 7.5 per cent and 7.6 per cent, respectively, during the same period.It is undoubtedly a time for celebration… Source link

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China stocks rise to 13-month high, as China Life’s earnings forecast brightens outlook

China’s stocks rose on Friday, with the benchmark reaching a 13-month high, as a profit forecast from bellwether China Life Insurance spurred optimism that corporate earnings growth will pick up.The Shanghai Composite Index closed 0.6 per cent higher, reflecting its highest level since March 21, 2018 and capped a weekly gain of 2.6 per cent. The CSI 300 Index of big-caps gained 1.2 per cent. Hong Kong’s market was shut for an extended holiday and will reopen on Tuesday.With China reporting… Source link

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China pork prices could rise 70 per cent this year, with millions of animals facing cull

Pork prices in mainland China may rise by more than 70 per cent year on year to record levels in the second half of 2019 following a drop in hog supplies, Tang Ke, a department director at China’s ministry of agriculture and rural affairs, said on Wednesday.Chinese farmers have had to cull their pig populations to combat an outbreak of African Swine Fever that began in August last year.Meanwhile, the share prices of large meat processors in the country have risen thanks to optimism that higher… Source link

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Vietnam 

Petrol prices continue to rise – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A petrol station in Hà Nội. In April, the petrol retail prices were increased by VNĐ3,000 per litre after two continuous hikes. Photo anninhthudo.vn HÀ NỘI — The retail prices of petrol and oil continued to increase significantly in the latest review of the ministries of Industry and Trade and Finance at 3pm on Wednesday. The retail price of bio-fuel E5 RON 92 has been raised by VNĐ1,115 to VNĐ19,703 (US$0.85) per litre, and that of RON95 no more than VNĐ21,235 ($0.91), up VNĐ1,484. The prices of diesel…

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UK property asking prices rise in sign housing market has bottomed out

Asking prices for British homes rose by the most in over a year in the four weeks to April 6, a survey showed, adding to other tentative signs that the housing market may have passed the worst of its slowdown ahead of Brexit.The 1.1 per cent monthly rise in asking prices was a bigger increase than usual at the start of the spring season and reduced the fall in prices in annual terms to 0.1 per cent, property website Rightmove said.Britain’s housing market has stumbled since the 2016 Brexit… Source…

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Tencent shares rise after game is approved, but tech giant can’t keep Hong Kong gauge from slipping below 30,000 mark

Hong Kong and mainland China stocks on Thursday recorded their biggest daily declines since March 25, defying a rise in inflation to safer levels in China amid continued concerns about global growth.On the mainland, the Shanghai Composite Index extended losses through the day to end down 1.6 per cent at 3,189.96, while the CSI 300 Index of large caps listed in Shanghai and Shenzhen shed 2.16 per cent to 2,997.58.In Hong Kong, the Hang Seng Index closed below the 30,000 mark, which it had been… Source link

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Vietnam 

Japanese investment in Việt Nam on the rise in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Thu Hà HÀ NỘI — Japanese investment in Việt Nam is expected to grow this year, given Japan’s recent initiative to shift investment to Việt Nam and other Mekong River nations, as well as free trade agreements (FTA), experts said. According to Hironobu Kitagawa, chief representative of the Japanese External Trade Organization (JETRO) in Hà Nội, the Vietnamese market will remain attractive to Japanese investors in 2019. Japan was the largest investor in Việt Nam last year with registered capital of nearly US$8 billion. “Currently, many Japanese investors are coming…

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Property 

Home sales rise by 64.3 per cent in Chongqing, the barometer of China’s national market

The sales of new homes in the megacity of Chongqing in southwest China jumped by 64.3 per cent in March to 2.12 million square metres, according to consultancy Cric. It had recorded a cooling in its property market in the second half of 2018.The city, with an area 74 times that of Hong Kong, recorded the sale of 31.23 million square metres of new homes last year and is China’s largest market in terms of area of residential apartments sold. It is also indicative of the overall China market, with……

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China stocks rise for fifth day to fresh one-year high as airlines take off

China stocks rallied for the fifth straight session on Thursday to a fresh one-year high, boosted by a government fee cut for airlines and high hopes for chemical shares after another factory exploded.The Shanghai Composite Index soared 0.9 per cent to close at 3246.57, its highest level since March 22, 2018. The benchmark has gained 8 per cent over the past five trading sessions, and has advanced 30 per cent since the beginning of this year.The Shenzhen Component Index closed 0.7 per cent… Source link

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Vietnam 

Retail sales rise on increased consumption demand in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Consumers shop at Vinmart at Royal City, Hà Nội. The total retail sales value of consumer goods and services rose significantly in the January – March period. – VNA/VNS Photo Phương Anh Viet Nam News HÀ NỘI — The total retail sales value of consumer goods and services was estimated to reach nearly 1.185 quadrillion (US$51.75 billion) in the first quarter of this year, according to the latest updates from the General Statistics Office. This represented a rise of 12 per cent over the same period last year,…

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