Singapore 

5G roll-out: Telcos split on number of networks, individuals fear health risks, Digital, Singapore News

SINGAPORE – Some industry players want Singapore to free up more 5G airwaves while others believe one single network will be enough to share among all operators. Individuals, however, are concerned with whether radiation from the 5G radio frequency will be harmful to people’s health. These were the leading responses from a recent public consultation posted on Monday night (July 15) on the website of regulator Infocomm Media Development Authority (IMDA). The IMDA had held the consultation, which ended last week, to get feedback on its approach to assigning 5G…

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Home 

Central China Securities shares plunge in Shanghai and Hong Kong as asset management products face default risks

Shares of Central China Securities tumbled in Shanghai and Hong Kong after the brokerage said two of its asset-management products worth 241.5 million yuan (US$35.1 million) may be about to default on payments to investors.The stock had slumped 8.5 per cent to 5.30 yuan by mid-afternoon Friday in Shanghai, putting it on track for its biggest decline since May 6. The shares lost 4 per cent to HK$1.70 in Hong Kong.The two asset-management products were backed by Minxing Pharmaceutical, a drug… Source link

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Global 

China’s top US trade war negotiator sidesteps growth risks as Beijing digs in for extended battle

China’s economic performance in the first half of 2019 is in line with expectations, according to Vice-Premier Liu He, with Beijing seeking to shore up confidence as it digs in for a potentially protracted trade war with the United States.“Macroeconomic indicators of growth, employment and consumer prices are all in normal ranges,” said Liu, the top economic aide to President Xi Jinping and China’s top negotiator in trade talks with the Trump administration, according to the official state-run… Source link

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China 

Swine fever in China among risks to food markets, warn UN food agency and OECD

The spread of a deadly pig disease in China that has disrupted the world’s biggest pork market is one of the major risks to a well-supplied global agricultural sector, the United Nations’ Food and Agriculture Organisation and the Organisation for Economic Cooperation and Development said on Monday.African swine fever was highlighted in the FAO and OECD’s annual agricultural outlook for 2019-2028, which forecast broadly stable agricultural markets in the coming decade as productivity gains help… Source link

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Home 

Risks posed by trade war and Federal Reserve policy are graver than investors seem to realise

Have financial markets become too complacent? At first glance, it is difficult to argue that investors are not paying enough attention to the two most important issues facing markets: the US-China trade war and the conduct of American monetary policy.At the end of last year, US stock markets suffered their worst December since 1931 due to fears that the Federal Reserve was underestimating the deterioration in global growth and was hell-bent on tightening policy further. When the Fed began… Source link

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Home 

Navigating the evolving risks in the real estate and hospitality industries

Recent events in Hong Kong have highlighted risks arising from social unrest. Property owners in affected areas are undoubtedly reviewing their insurance coverage, particularly “SRCC” clauses, relating to strikes, riots and civil commotion. This will generally cover property damage and public liability under these situations.However, insured parties can also be affected by what happens in their immediate surroundings, as businesses around Admiralty can testify. Even with minor damage or a… Source link

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Home 

China looks to local asset management companies to help tackle bad loan problem, but Moody’s flags risks

The rise of local distressed asset managers in China over the last three years represents a change in the way regional non-performing loans are being handled from previous periods of credit distress, but they also raise a new risk, according to rating agency Moody’s.More than 50 provincial level distressed asset management companies (AMCs) are in operation, many of which were formed only recently, the rating agency said.Previously, non-performing loans (NPLs) were mainly addressed by China’s… Source link

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Home 

Google warns Washington that Huawei trade ban risks compromising US security: report

Google has warned the Trump administration that it risks compromising US national security if it goes ahead with export restrictions on Huawei Technologies, and has asked to be exempted from any ban, according to a Financial Times report that cited three people briefed on the conversations.Senior officials at the US-based technology giant have warned it would not be able to update its Android operating system on Huawei’s smartphones, prompting the Chinese company to develop its own version of… Source link

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Vietnam 

Banks may assess pollution risks before granting loans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Banks have implemented some credit programmes with priority given to solar energy projects. — Photo nangluongvietnam.vn HÀ NỘI — Banks will assess environmental pollution risks when granting loans to projects in some industries, according to a State Bank of Việt Nam (SBV) draft regulation. Under the regulation, which was drafted by the SBV and the International Finance Company (IFC), the industries include thermal power, paper and pulp, fabric dyeing, seafood processing and battery makers. These industries have high levels of pollution and can easily cause negative impacts on people and the surrounding…

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China 

China’s 2019 economic growth forecast cut by IMF as risks and uncertainties of US trade war remain

China’s 2019 economic growth forecast has been cut from 6.3 per cent to 6.2 per cent by the International Monetary Fund with the world’s second largest economy still facing downside risks and uncertainty over the trade war with the United States.The downgrade came after the fund paid a visit to Beijing and the western province of Guizhou for intensive discussions with Beijing’s policymakers during its annual assessment of the country’s economic and financial health. It was merely two months… Source link

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