Singapore 

E-scooter riders speed up to 122kmh along Lim Chu Kang Road, Singapore News

There have been cases where e-scooter riders were seen matching the speeds of vehicles on the road but a new video shows just how much faster some of them can go. In the video posted on SG Kay Poh’s Facebook page and shared on ROADS.sg, a group of e-scooter riders are seen speeding down what is believed to be Lim Chu Kang Road. It is unclear when the incident took place. According to ROADS.sg, the video is taken by one of the riders and displays a speedometer at the bottom…

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Vietnam 

New steps to speed up replacement of magnetic strip ATM cards – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Workers at industrial parks in the southern province of Bình Dương gather at BIDV’s ATMs to withdraw cash. Commercial banks are required to increase the number of chip cards to 51 million by 2020 in order to completely replace magnetic cards by the end of 2021. — VNA/VNS Photo Huyền Trang HÀ NỘI — The National Payment Corporation of Việt Nam (NAPAS) has announced a fee reduction for its local switching system services with an aim to encourage banks replacing their current magnetic strip ATM cards with chip cards…

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China 

China presses on with interest in UK’s high speed rail project with high level meeting in Beijing

China is pressing ahead with its interest in the United Kingdom’s controversial HS2 project, the largest high speed rail project in Europe, despite growing concerns over its cost and economic benefits.Members of China’s government and biggest state-owned railway companies met with HS2 chief executive Mark Thurston in Beijing earlier this month, signalling China’s interest in the £55.7 billion (US$72.9 billion) project, which will be funded by British taxpayers. China is bidding for construction… Source link

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Home 

Hong Kong insurer Blue Cross adopts blockchain to speed up medical claims, eliminate fraud

Hong Kong’s insurance firms are fast embracing technology to keep up with their more nimble rivals.On Tuesday, Blue Cross (Asia-Pacific) Insurance said it has become the first insurer in the city to launch a blockchain-backed solution to speed up medical insurance claims and prevent fraud, adding that the distributed ledger technology will also help the company cut costs.Rivals Prudential, HSBC Life and Bowtie Insurance have started selling insurance products and processing insurance claims… Source link

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Home 

Ford switches to ‘China speed’, plans 10 new-energy vehicles for world’s largest auto market over the next three years

Ford Motor will produce its first battery-powered sport-utility vehicle in mainland China this year, as part of a three-year plan to develop 30 models for the world’s largest auto market, the US carmaker said on Wednesday. Ten of these models will be new-energy vehicles.“We are confident that with our business transformation, we will grow in our understanding of Chinese consumers, enabling us to launch more competitive vehicles and services at China speed,” said Chen Anning, the chief executive… Source link

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Vietnam 

New policy to speed up bad debt settlement – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The central bank is drafting a new circular regulating credit institutions’ trading and handling of non-performing loans (NPL) with the aim of forcing the institutions to focus more on bad debt settlement. Under the draft, private credit institutions, which still hold special bonds issued by the Việt Nam Asset Management Company (VAMC) – meaning they have not settled bad debts kept at the VAMC yet – will not be allowed to make dividend payments in cash. The fund must instead be used to handle…

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Home 

Geely sees speed bumps ahead as its car sales and earnings sputter while China’s economic engine loses power

Geely Automobile Holdings, whose founder Li Shufu is the largest single shareholder of Daimler, said sales of its portfolio of brands including Lynk and Volvo are likely to remain flat this year in China, as economic growth slows down in the world’s largest vehicle market.The Zhejiang-based carmaker sold 44 per cent fewer vehicles in December, causing Geely to miss its 2018 sales target by 5 per cent.Car sales in China sputtered last year, as three decades of double-digit percentage growth… Source link

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Home 

World-beating rally in mainland China stocks hits speed bump amid sell-off in once hot agriculture shares

A world-beating rally in mainland Chinese stocks stuttered on Wednesday, as traders offloaded holdings in agricultural companies, one of this year’s best-performing sectors, to lock in profits.In mainland China, the Shanghai Composite Index dropped by less than 0.1 per cent, or 0.34 points, to 3,090.64 at the close, almost reversing a decline of as much as 1.2 per cent in volatile trading. In Hong Kong, the Hang Seng Index fell for the first time in five days, as Xiaomi and Meituan Dianping… Source link

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Vietnam 

Banks speed recruitment to meet expansion plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Many banks have recently announced they will recruit a large number of personnel to meet their business expansion plans in 2019. Sài Gòn Thương Tín Joint Stock Commercial Bank (Sacombank) announced its plan to recruit 800 new staff for transaction offices and branches nationwide. The positions to be filled are for individual and corporate customer relationship managers, consultants and tellers, including 100 employees for four branches in the provinces of Thái Bình, Ninh Bình, Nam Định and Lào Cai. Leaders of…

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Home 

Baidu to speed up promotion of younger talent as 53-year-old president Zhang Yaqin opts for retirement

Baidu said it will promote more employees in their 20s and 30s to management as part of efforts to speed up leadership renewal at the search engine and autonomous driving company.As part of the plan, Zhang Yaqin, 53, its president of new business, opted for early retirement under a new programme for senior executives.Formerly a senior executive at Microsoft in Asia, Zhang joined Beijing-based Baidu in 2014, overseeing among other things the restructuring and commercialisation of its cloud and… Source link

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