Singapore 

Short detention order for e-bike rider who rode into jogger, causing brain injury, Singapore News

SINGAPORE – A teenager who caused a brain injury to a jogger after riding into him on his power-assisted bicycle (PAB) was sentenced to a week’s short detention order on Tuesday (April 16). Joven Heng Gin How, now 20 and a full-time national serviceman, had been riding the vehicle for the first time and reached a speed of around 40kmh on a footpath near Marina Bay Sands. Under the order, offenders are put behind bars for a short time but will not have a criminal record after their release. Heng…

Read More
Home 

Stocks Blog: Markets poised to open higher on short trading week

Welcome to the last day of a short trading week: The Ching Ming Festival holiday, or tomb sweeping day to honor ancestors, is observed on Friday, with markets closed in both Hong Kong and mainland China. Trade is very much back in focus.  Chinese Vice Premier Liu He is in Washington, where he is meeting with US officials to try to craft a trade deal. The effort is “making good headway,” White House economic adviser Larry Kudlow said, according to Bloomberg. “But we’re not there and we hope… Source link

Read More
Home 

Former UK surveillance head says calls to freeze Chinese companies out of telecoms in Western countries are “short on technical understanding”

Britain’s former surveillance chief has characterised the “chorus of voices” calling for a blanket ban on Chinese companies like Huawei Technologies from telecommunication networks in Western countries amid perceived cyber threats as being “short on technical understanding” of cybersecurity and the complexities of 5G networks. While the Government Communications Headquarters’s National Cyber Security Centre “has been blunt about Huawei’s shortcomings in security engineering and in its general attitude to cybersecurity,” it has “never found evidence of malicious Chinese state cyber activity through Huawei,” Robert Hannigan, who was director of GCHQ…

Read More
Home 

As Foxconn changes US manufacturing plans, job promises fall short

It has been 18 months since Foxconn Technology Group, the world’s largest electronics contract manufacturer, announced to great fanfare that it was building a US$10 billion factory to make television screens on farmland in southeastern Wisconsin in the United States. The plan was as big as it was audacious: Fuelled with billions in taxpayers subsidies, the Taiwanese company, formally known as Hon Hai Precision Industry, would build a 22 million square-foot campus, filled with 13,000 highly paid workers. In the process, it would transform the sleepy village of Mount Pleasant,…

Read More
Investment 

Chinese carmaker Geely’s shares plunge 11.6pc after annual sales fall short of target, warns of dismal year ahead

Shares of Geely Automobile Holdings slumped 11.6 per cent on Tuesday after the mainland carmaker missed its sales target for 2018 and forecast flat sales for this year amid a bleak market outlook. The Hong Kong-listed unit of Geely Auto Group controlled by Chinese billionaire Li Shufu said in a filing to the stock exchange on Monday evening that it had achieved 95 per cent of the targeted sales of 1.58 million units in 2018, following a 44 per cent year on year sales drop in December alone. Tesla to…

Read More
Home 

From toothpaste to short video: a snapshot of how the world’s top companies have changed over 20 years

Remember 1998? It was the year when Titanic swept the Oscars, Britney Spears released her debut single “Baby One More Time”, and people were fiddling with the snake game on their Nokia 5110. It was also the time when General Electric, Coca-Cola and ExxonMobil were among the most valuable companies in the world, with German reinsurer Hannover Re topping the list. Fast forward 20 years and market ascendancy has changed dramatically with technology companies leading the way despite a swoon towards the end of 2018 because of valuation concerns amid…

Read More
Home 

Beijing’s small businesses face uncertain short term future due to tighter tax rules despite China’s government vowing to reduce overall burdens

Small businesses in Beijing face an uncertain short term future when a tighter tax collection method comes into force next year, according to a corporate legal and tax consultant in the Chinese capital. From January 1, small privately-owned businesses will have to pay their business rates based on their actual accounts, rather than the current practice of paying a fixed amount periodically based on revenue estimated by the tax department. The move, which was announced at the end of last month by tax authorities in all districts of China’s capital…

Read More
Home 

Hengan International shares plunge in Hong Kong after short seller brands it ‘worthless’

Trading in the stock of Hengan International Group Co., China’s largest sanitary napkins and baby diapers producer, was suspended after a short seller’s report that branded the shares “worthless” caused them to plunge in Wednesday trading. Hengan International Group Co., China’s largest sanitary napkins and baby diapers producer, plunged in Hong Kong in early Wednesday trading after a short seller accused the company of fabricating income and branded the stock “worthless”. Trading of the stock has been halted. Bonitas Research, an Austin, Texas-based short-selling institution, claims Hengan International has fabricated…

Read More
Home 

China’s Baidu tops revenue estimates as company pivots towards short video, mini programs and AI

Traffic growth on Baidu Inc’s mobile app helped drive higher-than-expected third quarter revenue as China’s biggest search engine operator places more emphasis on artificial intelligence (AI) and autonomous driving. Revenue rose to 28.2 billion yuan (US$4.11 billion) from 23.49 billion yuan in the same quarter a year ago. That beat the average estimate of 27.53 billion yuan, according to Refinitiv data. Net income rose 56 per cent year-on-year to a better-than-expected 12.4 billion yuan. Baidu chairman and chief executive Robin Li Yanhong said on Wednesday he expects mini-programs and short…

Read More
Vietnam 

Caution ends market’s short recovery – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Rising caution among investors about poor general market conditions put an end to a short-lived recovery on Tuesday. The benchmark VN-Index on the Ho Chi Minh Stock Exchange ended at the new 16-week low of 888.69 points after having risen as much as 0.67 per cent during the session. The southern market index had fallen total 8.52 per cent since October 18 to hit 888.82 points on Monday. The HNX Index on the Hà Nội Stock Exchange gained 0.54 per…

Read More