Vietnam 

Bancassurance becomes main service earner for banks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A strong rise in bancassurance business helped MBBank’s revenue from services surge by 86 per cent in H1 2019.. Photo MBBank HÀ NỘI Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks. For the Military Commercial Joint Stock Bank (MBBank), revenue from services in the first half of this year surged sharply by 86 per cent over the same period last year to…

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Home 

Herbert Smith Freehills forms Shanghai venture with Kewei, becoming latest global practice to offer legal service in China

Herbert Smith Freehills has formed a venture to operate in Shanghai, becoming the latest global practice to offer advice and international legal services in China.The firm, with dual headquarters in London and Sydney, will form a joint operation with Kewei Law Firm in the Shanghai Free Trade Zone, the sixth global practice to be approved by the Bureau of Justice in China’s premier commercial city.“This new licence will transform our business on the mainland, and signals our long-term commitment… Source link

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Vietnam 

HARACO launches online payment service through NganLuong.vn – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Hà Nội Railway Transport JSC and e-wallet and online payment gateway NganLuong.vn signed an agreement to offer online booking and payment services for railway tickets. — VNS Photo Vũ Hoa HÀ NỘI — Hà Nội Railway Transport JSC (HARACO) and e-wallet and online payment gateway NganLuong.vn signed an agreement on Tuesday in Hà Nội to offer online booking and payment services for railway tickets. Railway tickets can be booked and paid for online at dsvn.vn or vetauonline.vn in just a few minutes through the Ngân Lượng payment gate in order to bring a quicker,…

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Singapore 

Subscription service Access by BMW lets you drive a BMW from $2,388 a month, Lifestyle, Digital, Singapore News

Access by BMW was launched in Singapore yesterday. It’s one of the island’s first vehicle subscription services. Carro launched a similar service earlier this year. The difference, of course, is that Access by BMW’s only offers BMW cars. Owning a luxury car is woefully expensive in Singapore and it doesn’t help that they depreciate rapidly and incur high maintenance costs. With Access by BMW, all you have to pay is the monthly subscription fee and other daily running costs such as petrol, parking, and ERP fees. BMW takes care of…

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Vietnam 

Diverse service sector to drive growth in HCM City – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Nguyễn Thiện Nhân, secretary of the HCM City Party Committee, speaks at a seminar on service sector development in HCM City on Wednesday. — VNS Photo Bồ Xuân Hiệp   HCM CITY — HCM City should develop a more diverse service-sector economy and avoid relying on only real estate to maintain robust economic growth, experts have said.  Nguyễn Thiện Nhân, secretary of the city’s Party Committee, said the service sector has greatly contributed to economic growth during the past three decades, but a long-term growth strategy should be devised by 2030. “Services such as healthcare, education,…

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China 

China’s service sector growth slows to lowest level in four months as trade war hits orders, sentiment

Speaking at a media briefing on Tuesday, Wang Bin, deputy director of the Ministry of Commerce’s market operation department, said retail sales growth for the first half of 2019 could rise 8.2 per cent, a slight increase from the 8.1 per cent recorded in the first five months. Photo: Simon Song Source link

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Home 

Didi Chuxing ponders return of controversial car-pooling service a year after two passenger deaths

Didi Chuxing, operator of China’s largest ride-hailing platform, is considering to resume its controversial Hitch car-pooling service, nearly a year after two passenger deaths plunged the start-up into a crisis over user safety.The potential return of Hitch was discussed by Didi president Jean Liu Qing at a press briefing on Tuesday in Beijing, where she said the company planned to engage the public in talks on how to increase safety in this service.“The Hitch service is very environmentally… Source link

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Singapore 

New GrabShare service with slightly cheaper fares in return for five-minutes wait time, Singapore News

SINGAPORE – Commuters will soon be able to book shared rides on ride-hailing app Grab for a slightly lower price and with a smaller chance of a sudden detour in exchange for waiting time of up to five minutes for the ride. The addition to GrabShare will be introduced for rides booked from Tampines, Pasir Ris and Changi from July 8, and will be implemented for all areas around Singapore by July 18. Commuters will also be able to get the estimated time of arrival at their destination for all…

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Singapore 

UOB banking customers hit by near 2-hour service outage affecting ATMs, mobile app, Singapore News

SINGAPORE – Customers of United Overseas Bank (UOB) were unable to access several banking services for close to two hours on Saturday (June 22). Some of them took to social media to air their grievances, posting to UOB’s Facebook page to complain about the service disruption. Complaints started surfacing on other social media platforms as well after 5pm. In response to queries from The Straits Times, an UOB spokesman confirmed that ATM, card payment, internet banking and mobile application services were disrupted shortly after 5pm on Saturday. We apologise to…

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‘Hello, welcome to Uber Copter’ – ride-hailing leader to offer chopper service in New York starting July

Uber Technologies is testing a helicopter service in New York City, according to documents outlining the programme obtained by Bloomberg.Passengers will be able to use the Uber app to book a flight through the service, called Uber Copter, the documents show. Tests flights took off from a Manhattan heliport near Wall Street to John F. Kennedy International Airport.After Bloomberg asked Uber for comment on Wednesday, The New York Times published a story about the programme. It says customers will… Source link

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