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IMAX to roll out 40 new theatres across China, after boom in first-half box office income

IMAX China Holdings, the exclusive licensee of ultra-wide screen IMAX film technology in Greater China, will join forces with South Korean cinema chain CGV to provide 40 new theatres on the mainland, after IMAX theatres posted record first-half box office income in the country.More than half of the new theatres will adopt IMAX’s new laser projector technology, which provides brighter images and sharper resolution, according to Jim Athanasopoulos, chief financial officer of IMAX China, the Hong… Source link

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Singapore 

Singapore to roll out 13 measures to protect citizens’ personal data following data breaches, Digital, Singapore News

SINGAPORE – The entire public service will have to conform to a common framework to safeguard citizens’ personal data, beginning with 13 new measures developed after a spate of breaches in the past year. These digital measures, some of which are being put in place, aim to make databases unusable if information has been wrongfully extracted from them, detect unusual data transmissions and limit users’ access rights. For instance, sensitive files have to be encrypted and highly sensitive attributes of individuals, such as one’s HIV status, are to be hidden away…

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Singapore 

Singapore to roll out first 5G networks next year, Singapore News

SINGAPORE – By next year, at least two 5G networks will be rolled out in Singapore to enable the first next-frontier commercial applications such as driverless cars and virtual reality content-streaming services. The timeline will place Singapore among the front runners in 5G applications roll-out using the most advanced technologies that do not piggyback on existing 4G technologies. Towards this end, the Infocomm Media Development Authority (IMDA) has called for interested telcos to submit detailed proposals on their deployment plans, with the intention to assign 5G airwaves to two winning…

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China 

US-China negotiators near deal to roll back some tariffs

This story is published in a content partnership with POLITICO. It was originally reported by Adam Behsudi on politico.com on May 1, 2019.The United States and China are closing in on a deal that includes broad agreement on how the Trump administration will roll back a portion of the tariffs it has imposed on more than US$250 billion-worth of Chinese goods, according to two people close to the talks.The two sides have also reached an understanding on how to enforce the agreement, although the… Source link

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Chinese electric vehicle maker Xpeng unveils P7 four-door coupe at Auto Shanghai 2019, months after SUV roll out

Chinese electric vehicle maker Xpeng unveiled the P7 four-door coupe, its second mass-market model in four months, at Auto Shanghai 2019 on Tuesday. It will start deliveries from the second quarter of 2020 and will announce a price later.“With P7, we are targeting the new generation of China … Xpeng Motors’ unique differentiation is its vision and corporate DNA,” said He Xiaopeng, the company’s founder and chairman. Brian Gu, a veteran JPMorgan investment banker and chairman of its Asia-Pacific… Source link

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Stocks blog: Can traders keep on their roll?

Good day traders. And welcome back from a short trading week, due to the Tomb Sweeping holiday. China reported Sunday that its foreign exchange reserves rose for a fifth straight month in March. More China data is coming this week, including on exports and imports on Friday. Trade negotiations continue to make headway, both sides say. Your market guides today will be Louise Moon and Deb Price in Hong Kong. We’ll be helped out by the rest of the markets team as well as other reporters on our… Source link

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Stocks Blog: Will risk-on roll on?

Good morning traders. The US rallied overnight, picking up on our big first day of the second quarter, when Hong Kong joined mainland China markets in the bull market club. Today is looking risk on again. Some of the companies we’ll be watching are:  Gree Electric (000651 CH), which could be facing an ownership shake-up. And cancer-drug developer CStone Pharmaceuticals (2616 HK), which got a buy rating from Goldman Sachs, with a target price of HK$18.50, and overweight rating from Morgan… Source link

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China, Hong Kong stocks stay on positive roll on trade news, US overnight rally

China and Hong Kong posted gains in early trading Tuesday, buoyed by an overnight rally in the US and news from Xinhua News Agency of progress in talks in the US-China trade war. The Shanghai Composite Index was trading up by 1.4 per cent as of 10.40am. The CSI 300, which tracks blue chips listed on Shanghai and Shenzhen bourses, was up nearly 1 per cent by the same time.Hong Kong’s Hang Seng Index was up 1.3 per cent as of 10:40am. “The better performance in the Hang Seng Index…

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Will trimmed subsidy roll back knock the wind out of Taiwan’s offshore turbine sector?

A retrospective reduction in subsidies for offshore wind power development by Taiwan could take the wind out of international developers’ sails, and erode some of the sector’s attractiveness relative to Japan, mainland China and South Korea as an investment destination. The Taiwan government had proposed an aggressive cutback in subsidies for offshore wind power projects in November 2018, after the ruling Democratic Progressive Party suffered a major election setback at the hands of the opposition Kuomintang Party, which has criticised offshore wind subsidies previously given as too generous. It initially…

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China 

China to roll out new consumer spending incentives for cars and home appliances to offset trade war

China is planning to roll out a new set of incentives this year to encourage the country’s 1 billion consumers to buy more items like cars and home appliances as part of a wider effort to stabilise economic growth, a senior state planner said. The comments by Ning Jizhe, vice-chairman of the National Development and Reform Commission (NDRC), China’s top economic planning agency, followed the decision by the Central Economic Work Conference last month to expand domestic consumer spending this year to achieve “high-quality growth” and offset the impact if…

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