Vietnam 

Start-ups shows potential on Investment Day – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  CEO Ann Nguyen of VDES speaks at an Investment Day event on Thursday in HCM City. — VNS Photo Thu Ngan HCM CITY — More than 100 domestic and foreign investors as well as representatives from startups on Thursday participated in an Investment Day event organised by Việt Nam Innovative Startups Accelerator (VIISA). At the event, investors and startups shared information and experiences about doing business and calling for investment. Startups from various sectors, ncluding Wisepass, Urbox, Wefit, TheBank, VDES, Loglag and SaveMoney, had…

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China 

Chinese steelmaker that cooked the books shows struggle to revive rust belt

As officials from China’s northeast report an improved economic performance, one of the region’s biggest state-owned firms has revealed the penalties it received for cooking its books, again throwing a spotlight on the complexity of reviving growth in the country’s rust belt.Shanghai-listed Fushun Special Steel, a “penny stock” company controlled by Dongbei Special Steel, was found to have fabricated its financial numbers on multiple fronts including its inventory, earnings and fixed-asset… Source link

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Singapore 

Orchard Towers murder: Video shows victim collapsing after brawl, Singapore News

Another video of a brawl at Orchard Towers, which resulted in the death of a Singaporean man, has gone viral online. Mr Satheesh Noel Gobidass, a 31-year-old mechanic, died on July 2 after allegedly having his throat slit with a knife. Tan Sen Yang, 27, Joel Tan Yun Sheng, 26, Chan Jia Xing, 26, Ang Da Yuan, 26, Loo Boon Chong, 25, Natalie Siow Yu Zhen, 22, and Tan Hong Seng, 22, were charged last Thursday (July 4) with one count each of murder with common intention. The seven accused…

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China 

Foreign direct investment rise shows ‘no such thing’ as a large number of foreign firms pulling out of China

Foreign direct investment in China rose to US$70.4 billion in the first half of 2019, 3.5 per cent higher than a year earlier, showing “there’s no such thing that a large numbers foreign investors are pulling out of China”, the Ministry of Commerce said on Thursday.In yuan terms, foreign direct investment rose 7.2 per cent to 478.3 billion yuan in the first six months of 2019, the same growth rate as in the first five months.In June, foreign direct investment rose 3 per cent from a year earlier… Source link

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China 

US and China will see trade slump, DHL data shows, suggesting neither is winning tariff battle

As the United States and China sink deeper into their year-long tariff battle, they face a downturn in trade that suggests the dispute is continuing to weaken their economies.Quarterly data from logistics company DHL, taken from sea and air cargo figures between March and June, found that Chinese trade was expected to contract slightly as a result of smaller sea freight volumes. Within that, imports were “losing significant momentum”, especially imports of basic raw materials, capital equipment… Source link

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Home 

American executives’ confidence about growth in next three years cuts a stark contrast with global outlook, KPMG survey shows

American executives are most optimistic about the prospects of economic growth over the next three years, drawing a stark contrast with corporate chieftains in 10 other countries, according to KPMG’s survey.A poll of 1,300 chief executives in 11 of the world’s largest economies showed that 87 per cent of US executives were either “confident” or “very confident” about the prospects of economic growth in the next three years, an improvement from 52 per cent last year.The rising confidence of… Source link

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Singapore 

Woman takes taxi from Merlion Park to Chinatown Point — but meter shows different fare from receipt, Singapore News

A woman who flagged down a taxi at Merlion Park to get to Chinatown Point was shocked when she noticed the fare reflected on the vehicle’s meter on Tuesday (June 25) at about 6.52pm. Halfway through the journey, the total fare reflected was already $16.31. She immediately called her husband, Stomp contributor Tony, who told her to make sure she asked the driver for a receipt before paying the fare. Tony, who is a taxi driver himself, said that the fare was too high. “This was just halfway through the…

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Singapore 

New Science Centre exhibit shows beauty of engineering, Digital, Singapore News

Engineering has played a major role in Singapore’s growth and transformation and will remain important as the country enters the next phase of development, said Senior Minister and Coordinating Minister for National Security Teo Chee Hean. Speaking at the launch of an exhibition on engineering at the Science Centre yesterday, Mr Teo also encouraged more young people to pursue a career as an engineer or scientist. Singapore offers some of the best facilities and support for big companies and start-ups and the possibilities are limitless, he added. “We can see…

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Home 

Bears gather as data shows Hong Kong home prices retreat for second week after peak in May

Hong Kong home prices were down for a second consecutive week through Sunday, after hitting a record at the end of May, evidence that may suggest a broader correction is underway, according to experts.The Centa-City Leading Index, a home price gauge compiled by Centaline Property Agency, showed prices for lived-in homes dropped 1.43 per cent to 186.26, for the week ended June 9.“The uptrend of home prices has been hindered,” said Wong Leung-sing, senior associate director of research at… Source link

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