Singapore 

Singapore could get slight haze in next few days; NEA starts issuing daily haze advisory, Singapore News

SINGAPORE – The Republic could experience slightly hazy conditions in the next few days, the National Environment Agency (NEA) said on Sunday (Aug 4) as it released its first daily haze advisory for the year. This could happen if more hot spot activities occur in Sumatra and the winds change to blow from the south-west, it said. For the next few days, dry conditions are forecast to persist over Sumatra, and the prevailing winds in the region are expected to continue blowing from the south-east or south. NEA’s daily advisory…

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Money 

China’s control over its entire economy weakened as Baoshang Bank failure starts domino effect

The scene is just as you would expect in any bank on any normal workday, customers going about their business while staff and security guards share the occasional joke as warm July afternoon sunlight fills the lobby.Just over two months earlier, the scene inside the bank in the Inner Mongolian city of Baotou was completely different. On May 24, financial regulators unexpectedly took over Baoshang Bank, the first bank failure in China in more than 20 years. It set off a chain reaction that… Source link

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Vietnam 

Bamboo Airways starts construction of aviation training centre – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The groundbreaking ceremony for the Bamboo Airways aviation academy in the central province of Bình Định. — VNS Photo  BÌNH ĐỊNH — Bamboo Airways, a subsidiary of real estate developer FLC Group, began construction of an aviation academy in the central province of Bình Định on Sunday. Covering an area of 10ha, the VNĐ700 billion (US$30 million) project is located at Nhơn Hội Economic Zone in Quy Nhơn City. It is scheduled to be operational in 2022, and will train nearly 3,500 students per year as pilots, flight attendants, technicians, ground service…

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Singapore 

Tunnelling starts on Circle Line’s final stage, existing line to be upgraded, Singapore News

SINGAPORE – Tunnelling works for Circle Line 6 (CCL6) – the final stage of the orbital Circle Line (CCL) – started on Thursday (July 25) with the launch of a tunnel boring machine at Keppel station. The Land Transport Authority said it will tunnel from Keppel to the existing HarbourFront station. Two other tunnelling machines are expected to be launched in September and October this year. The LTA said work on CCL6 is progressing on track, with 66 per cent of earth retaining and stabilising structure works being completed. “Excavation…

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Vietnam 

Bình Phước starts construction of inland container depot – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives attend the groundbreaking ceremony for the ICD Hoa Lư international inland container depot. — VNA/VNS Photo HÀ NỘI — The People’s Committee of the southern province of Bình Phước held a groundbreaking ceremony on Thursday for the ICD Hoa Lư international inland container depot in Lộc Hòa Commune, Lộc Ninh District. The project is funded by ICD Hoa Lư Co Ltd with a total investment of VNĐ379 billion (US$16.3 million) and will be built in two phases. In the first phase, the port is designed to handle 200,000-500,000 containers per year.…

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Home 

China’s technology board may unleash speculative frenzy as it starts trading in two weeks

China’s Nasdaq-styled board for home-grown technology companies risks turning into a hotbed for speculators when it kicks off trading in two weeks.While the companies seeking to list on the board have priced their initial public offerings much higher than the industry average, the speculative mood could still send the stocks surging on debut, investors including Hengsheng Asset Management and Xunfunds Investment Management said. It underscores a key risk facing Chinese policymakers, who are… Source link

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Home 

When China’s father of EVs starts talking up hydrogen vehicles, analysts say investors should pay attention

The “father of China’s electric vehicle movement” and bigwig in political circles is gushing of late about the promise of another renewable – hydrogen-powered vehicles. As players get on board, analysts say it is a good time for investors to start thinking about this emerging sector.The science behind the technology is easy to grasp: hydrogen gas stored in a vehicle is converted by fuel cells into electricity. The vehicle is powered with essentially no emissions, and it can travel far longer… Source link

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Vietnam 

Vietnam Airlines starts operations in Russia’s Sheremetyevo airport – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Russian art performance in the ceremony welcoming the first flight of Vietnam Airlines to Sheremetyevo International Airport on Tuesday. — VNA/VNS Photo Hồng Quân MOSCOW – Việt Nam’s national flag carrier Vietnam Airlines launched its operations at Sheremetyevo International Airport of Russia on Tuesday. Flight VN63, which departed from Hà Nội, arrived at the Moscow-based airport on Tuesday morning, while flight VN62 to Việt Nam’s capital took off from the airport at noon the same day.  At the ceremony welcoming the first flight here, chief representative of Vietnam Airlines in Russia Lê…

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Vietnam 

Banks starts to adopt advanced authentication method to enhance security – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietcombank from July 1 started to apply advanced authentication method to increase security for customers. — Photo thebank.vn HÀ NỘI – A number of banks are introducing smart technology to tighten security and make customer transactions safer. They have started to apply enhanced authentication methods for online transactions since the beginning of this month to comply with the central bank’s regulations on improving security for customers. It means standard text messaging will be replaced with a new system that can send passwords to devices even if the recipient has…

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Home 

Evergrande, Chinese property firm aiming to catch Tesla, starts electric vehicle production

After having spent US$42 billion over the past six months, Chinese billionaire Hui Ka-yan finally unveiled Evergrande Group’s first-ever electric vehicle, the Nevs 93, last week.The company, mainland China’s third-largest property developer by sales, said the car, being developed under its unit Evergrande Health, had gone into production in Tianjin. It did not specify how many vehicles it was making and when these would come to the market.The June 29 launch, however, could not have come at a… Source link

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