China 

Is China’s concern over a possible US dollar shortage risk forcing companies to sell overseas assets?

This is the final article in a three-part series looking at China’s US dollar shortage risks in the trade war, as it aims to open up its markets.Anbang Insurance Group’s decision to sell its condos at the Waldorf Astoria hotel in New York is the latest in the string of high-profile Chinese divestments that underscores China’s concern that the nation is running short of US dollars.The Chinese holding company bought the Waldorf for a record US$1.95 billion in 2014, but under pressure from the… Source link

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Vietnam 

Pork shortage expected later this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A slaughterhouse in HCM City. The city has encouraged businesses to buy healthy pigs and stockpile frozen pork to prepare for potential shortages caused by the spread of African swine fever. — VNA/VNS Photo Mạnh Linh HÀ NỘI — Việt Nam is expected to import more pork in the coming months to make up for domestic shortages as African swine fever continues to spread, according to the Ministry of Industry and Trade (MoIT). MoIT’s Centre for Industry and Trade Information said pork is being sold at unusually low prices because of lower demand.…

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Home 

Migrants mean more than birth rates in meeting Hong Kong’s labour shortage, which is why we must act now

So Hong Kong’s 2027 manpower projections predict significant labour shortages over the decade ahead. The South China Morning Post’s editorial on Thursday this week rightly concludes that “Importation of labour cannot be ruled out if jobs shortfall persists”. My own response? I don’t know whether to celebrate or weep.Over three years ago, quoting the Hong Kong Institute of Human Resources Management, I reported that “90 per cent of surveyed companies find it quite difficult or extremely… Source link

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Singapore 

Scoot to suspend flights to 4 cities on weak demand and aircraft shortage, Singapore News

Scoot is suspending flights to four cities – Lucknow in Northern India, Kalibo in the Philippines, Quanzhou in China and the Maldives’ capital Male, due to a combination of weak demand and aircraft shortage. All flights are served by the airline’s Airbus A320 aircraft, the low-cost arm of Singapore Airlines (SIA) said on Monday. The aircraft shortage arose due to the grounding of SilkAir’s Boeing 737 MAX 8 fleet. It would also no longer transfer SilkAir’s Boeing 737-800NG aircraft to Scoot in fiscal 2019/2020, as it had originally announced in November 2018.…

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China 

China chicken prices jump on supply shortage as consumers swap poultry for pricey pork

Chicken prices are surging as consumers try to substitute poultry for pork and Chinese farmers cull pig herds to combat a nationwide outbreak of African Swine Fever.But Chinese shoppers who hope to use poultry meat as an affordable alternative to pork may be disappointed given that chickens remain in short supply, industry insiders and analysts said.China has faced a chicken shortage since 2016 and the scarcity could get worse this year, driving up the price of chicken meat in the months ahead,… Source link

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Home 

Vacancy tax is a short-term solution to Hong Kong’s long-term housing shortage crisis

The Hong Kong government plans to introduce a vacancy tax on empty new flats to pry open supply bottlenecks by imposing fines on developers for hoarding new homes. Under the proposed legislation, a tax equivalent to twice the estimated annual rental value will be levied on flats that remain unsold after 12 months of receiving an occupation permit. According to the Rating and Valuation Department, the preliminary findings in the Hong Kong Property Review 2019 indicate that the vacancy rate of… Source link

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Cà Mau seeks to prevent gas shortage at industrial complex – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The People’s Committee of Cà Mau Province has come up with several solutions to supply the predicted shortage of one billion cu.m of gas at Cà Mau’s Gas- Power-Fertilizer Industrial Complex.   — VNA/VNS Photo Huỳnh Thế Anh     CÀ MAU— The People’s Committee of Cà Mau Province has asked the Ministry of Industry and Trade to ensure sufficient gas supply for Cà Mau’s Gas-Power-Fertilizer Industrial Complex, which is expected to have a serious shortage by September, according to Nguyễn Tiến Hải, chairman of Cà Mau’s People’s Committee.…

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Rent at office tower redeveloped on The Excelsior’s site may be the highest in Causeway Bay amid shortage of commercial space

The office tower to rise from where The Excelsior hotel stands on the foreshore of Hong Kong’s Causeway Bay may command the highest rent in the district by the time its redevelopment is completed in 2025, barring a catastrophic economic meltdown in Hong Kong.The site, known as Lot One, was the very first piece of land sold in Hong Kong when the city became a British colony in 1841. Jardine Matheson, one of Asia’s largest and oldest conglomerates, has owned it ever since, putting up the 869-room… Source link

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Home 

Housing shortage in Greece as property owners evict tenants to get on the Airbnb bandwagon

For Dimitra Dionysopoulou, who lives in the shadow of the Acropolis, there is no mistaking the signs of the Airbnb takeover in her neighbourhood.“Renovation noise, debris disposal bins on every street, and rolling luggage,” said the 50-year-old Athenian mother.Dionysopoulou has lived her entire life in the middle-class district of Koukaki, now in the midst of a home-sharing frenzy. In 2016, it was named Airbnb’s fifth fastest growing neighbourhood globally with an 800 per cent jump in activity… Source link

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Vietnam 

HCM City faces social housing shortage – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — HCM City has a surplus of houses for relocated residents, but severely lacks social housing. Trần Vĩnh Tuyến, vice chairman of the city’s People’s Committee, said the city has a surplus of 7,000 houses in urban areas and resettlement areas in districts 2, 7 and Bình Chánh for people who need to be relocated.   The city is planning to put them up for auction and use the money for purposes such as infrastructure investment. Many resettlement apartments in the city…

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