Violent protests are a blot on Hong Kong’s reputation as a stable business hub, says Hopewell’s Gordon Wu

Violent protests will harm Hong Kong’s image as a solid business hub, as investors are worried that the city could descend into anarchy and mob rule, said Gordon Wu Ying-sheung, chairman of Hopewell Holdings, one of the first businessmen to condemn the protesters who stormed and vandalised the Legislative Council.“The violent protests are definitely not good for the city’s business environment,” Wu, 83, told the media on Wednesday. He added that if the law and order situation continues to… Source link

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Singapore 

2 Chinese nationals injured in Jurong fire in stable condition; arrangements made for worker who died, Singapore News

SINGAPORE – The two Chinese nationals who were injured in a massive fire in Jalan Buroh on Friday (June 21) are now in stable condition, and one of them was discharged from the hospital on Saturday morning, the Migrant Workers’ Centre (MWC) said. The non-governmental organisation said in a Facebook post on Saturday that the worker who remains in hospital “should get better with treatment and healing time”. MWC also confirmed that another worker, also a Chinese national, had died in the fire at the liquefied petroleum gas (LPG) facility…

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Vietnam 

Domestic property price to be stable in H2 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Customers look at a real estate project in Hà Nội. The domestic real estate market in the second half of this year will not see large changes in price. Photo kinhtedothi.vn HÀ NỘI – The domestic real estate market in the second half of this year is not expected to witness significant changes in price due to stability in supply, according to experts. During the last six months of this year, the medium- and high-end apartment market would not see any price fluctuations, said Nguyễn Minh Ngọc, the…

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China 

China’s manufacturers enjoy stable May after boost in export orders despite US trade war, survey shows

Manufacturers in China enjoyed a surprisingly strong performance in May, supported by a rebound in new export orders after the announcement by the United States that it would increase tariffs on Chinese imports, a survey showed on Monday.The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI), a gauge of sentiment among the country’s factory operators, came in at 50.2, unchanged from April’s level and above analyst’s expectation of a drop to 50.0, the watershed point between expansion… Source link

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China 

Donald Trump’s threat to increase China tariffs dashes hopes of keeping yuan exchange rate stable

Hopes that China will meet demands by the United States to include a provision to prevent an unfair devaluation in the yuan’s exchange rate is fading rapidly, according to analysts.A demand from the US to limit the yuan’s depreciation and thus the competitive advantage given to China’s exporters was seen as an acceptable condition for Beijing to end the trade war.That helped drive a 1.46 per cent appreciation in the yuan against the US dollar this year, the second best performer among Asia’s 11… Source link

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Vietnam 

Exchange rate forecast to be stable at VNĐ23,440 per US dollar in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The đồng will average VNĐ23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018. – VNA/VNS Photo HÀ NỘI — The Vietnamese đồng would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast. According to analysts from the Fitch Group’s Fitch Solutions Macro Research, the đồng will weaken slightly against the dollar to VNĐ23,700 by the end of the year,…

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Vietnam 

Domestic property market stable in Q1 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The domestic property market showed stable development in the first quarter of this year. – Photo danangz.vn HÀ NỘI — The domestic property market showed stable development in the first quarter of this year with the emergence of potential new property trading regions. So said experts at a press conference on the first-quarter performance of Việt Nam’s property market held by the Việt Nam Association of Realtors (VARS) in Hà Nội on Tuesday. According to VARS, the national real estate market continued its stable development. Potential real estate markets…

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Vietnam 

Fitch assigns Việt Nam ‘s EVNNPT first-time ‘BB’ rating; outlook stable – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Fitch Ratings on Wednesday assigned Việt Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’. Photo EVN  HÀ NỘI — Fitch Ratings on Wednesday assigned Việt Nam’s National Power Transmission Corporation (EVNNPT) a long-term foreign-currency issuer default rating (IDR) of ‘BB’ with a stable outlook for the first time. The agency has also assigned EVNNPT a senior unsecured rating of ‘BB’.  EVNNPT’s ratings are based on the consolidated profile of Việt Nam Electricity (EVN, BB/Stable, standalone credit profile: BB), which owns 100 per cent…

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Vietnam 

SP raises VN’s credit rating with a stable outlook – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Tra fish processed for export at Cửu Long An Giang Seafood Import – Export Company in An Giang Province. S&P gave a stable outlook on Việt Nam, reflecting expectation that the economy would continue to expand rapidly.  — VNA/VNS Photo Vũ Sinh HÀ NỘI  Standard and Poors (S&P) Global Ratings’ recent upgrade of its long-term sovereign credit rating for Việt Nam, the first time since 2010, was expected to help the country to attract more foreign investments into the economy and expand exports. Late last week, S&P raised its long-term…

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Vietnam 

Food processing industry sees stable growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY — Foreign and domestic investment has led to an annual growth rate of 10 per cent for the food processing industry sector in recent years The industry has supplied highly competitive products to both domestic and foreign markets, while export turnover for processed and agricultural products totalled more than US$40 billion last year, according to the Trade Promotion Agency under the Ministry of Industry and Trade. Vietnamese products have also reached multiple technical standards and are present in many countries, including the…

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