Vietnam 

Rising FDI calls for better supporting industry: experts – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The amount of FDI pouring into Việt Nam is rising, but businesses in the supporting industry still cannot satisfy manufacturers’ demands, leading to a low localisation rate. — VNA/VNS Photo An Hiếu HCM CITY — The domestic supporting industry needs to improve to take advantage of foreign direct investment (FDI) pouring into Việt Nam, experts have urged. In the first six months of the year, Việt Nam attracted more than 1,720 new FDI projects with total registered capital of nearly US$7.5 billion, according to the General Department of Statistics. The period also saw $9.1 billion of FDI being disbursed, an 8.1 per cent increase from the…

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Vietnam 

VN stocks may keep rising, driven by corporate earnings – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The front of an FPT Shop, the digital retail chain run by FPT Retail. The company is expected to record good earnings in the second quarter and in the first six months of 2019. – Photo fptshop.com.vn HÀ NỘI – As corporate earnings are predicted to rise in the second quarter and first six months of the year, investors may return to the Vietnamese stock markets and lift local shares. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained slightly 0.24 per cent to close Friday at…

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Singapore 

Fire breaks out in Ang Mo Kio, smoke seen rising above HDB flats, Singapore News

SINGAPORE – A fire broke out in Ang Mo Kio on Friday afternoon (July 5), with smoke billowing above nearby Housing Board flats. In a Facebook post at 4.42pm, the Singapore Civil Defence Force (SCDF) said that the fire broke out at Block 720 Ang Mo Kio Avenue 6. Mr Matthew Ng, 18, told The Straits Times that he saw smoke coming from the area at around 3.50pm. The smoke could be seen from the student’s home in Ang Mo Kio Central 3 and had dissipated slightly by 4.15pm, he…

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Home 

Moving factories from China to Southeast Asia? Watch out for rising costs and strikes

With China’s demographic dividends gradually disappearing in recent years, production costs have soared in the world’s second-largest economy. This, and mounting environmental pressures have led many Chinese and foreign multinationals to relocate their factories to Southeast Asia. More importantly, many are looking to offset the business risks from the intensification of the trade war between the United States and China.That said, it is simplistic to assume the business environment in Southeast… Source link

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Home 

Protecting IP in China is hard, but awareness is rising, thanks to Donald Trump

For more than five years, National Technical Systems has tried to set up shop in China. But the California-based testing and engineering services provider has never managed to find a good fit.NTS services 4,000 clients in North America in the aerospace, nuclear, defence, telecommunications, automotive and energy sectors – all areas deemed strategically important for China. NTS’s services and technologies, therefore, are highly coveted.But previous attempts to expand into China failed because… Source link

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Home 

Beijing launches China-Japan stock connect scheme, showcases it as a move to defy rising protectionism

China on Tuesday accelerated the liberalisation of its capital markets, launching yet another stock connect scheme linking Shanghai and Tokyo stock exchanges and in the process took a swipe at the US for its trade protectionism.Under the China-Japan ETF Connectivity scheme, investors will be allowed to buy into exchange-traded funds to participate in the trading of stocks listed in their respective markets.“It is of great significance for China and Japan, the world’s second- and third-largest… Source link

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Home 

Shipping experts are ‘highly worried’ about rising military tensions in the Strait of Hormuz, surging rates, and the impact on energy-dependent Asia

The cost of chartering very large oil tankers to sail through the Strait of Hormuz in the Persian Gulf may rise by as much as a third, as shipowners and charterers pass on rising insurance and fuel costs following recent tanker attacks that threaten a vital artery for global energy supplies, according to experts.Tim Huxley, director of Mandarin Shipping, said charter rates for supertankers, could go up by as much as US$10,000 per day, lifting the current benchmark for very large crude carriers … Source link

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Xian, the city with the fastest rising home prices in China, imposes property buying curbs on immigrants

Nearly 800,000 immigrants in Xian, home to the Terracotta Army, will be unable to buy homes after the northwestern Chinese city introduced new property curbs on Thursday, dealing a blow to the red-hot market.The city of 10 million people has banned new immigrants from buying primary or secondary homes within 12 months of acquiring a local hukou. A hukou is a household registration document all Chinese citizens must have that controls access to public services based on the birthplace of the… Source link

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Singapore 

Cyber threats down, but online crime rising, Digital, Singapore News

SINGAPORE – The Republic is turning the tide in the struggle against cyber threats as there were fewer such incidents here last year, the Cyber Security Agency of Singapore (CSA) revealed on Tuesday (June 18). But in its third annual Cyber Landscape report, the CSA said that online crime has continued to rise and now accounts for almost a fifth of all crime in Singapore. The cyber threat that had the biggest drop in the number of incidents was website defacement, which saw a decrease of more than 70 per…

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Home 

Rising uncertainty over trade war could weigh on bottom lines at Hong Kong’s banks, KPMG says

Rising interest rates helped boost Hong Kong banks as the city’s economy slowed last year, but heightened uncertainty from an escalating trade war between the United States and China could weigh on their performance in 2019, according to KPMG.Operating profit before impairments at the city’s licensed banks rose 15 per cent to HK$268 billion (US$34 billion) last year, from HK$234 billion in 2017, the accounting giant said. Total revenue at Hong Kong’s lenders increased 11.2 per cent to HK$445… Source link

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