China 

China will increase support, subsidies for tech firms, official says

China will increase its support and subsidies for technology firms amid rising protectionism from the United States, a senior official said on Friday.Speaking at a press conference in Beijing, vice-minister for industry and information technology Wang Zhijun said the recent moves by Washington to stymie Chinese firms would help them to reduce their reliance on foreign technologies, and that their efforts to do so would receive the government’s full backing.“Recently, the US has taken a series… Source link

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Chinese car stocks accelerate as new tax rules trigger speculation of more support from Beijing

Shares in Chinese car makers surged in late trading on Friday on hopes that Beijing will eventually roll out more supportive policies to bolster the battered industry.The government released specific rules on Friday regarding the implementation of a new vehicle purchase tax, which was approved in December and will come into effect in July. The legislation set the tax rate at 10 per cent, instead of the rumoured 5 per cent the industry had hoped for.Analysts and investors said that even though… Source link

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Vietnam 

New financing to enhance support for women-led SMEs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Women-led businesses comprise about 60 per cent of all micro, small, and medium-sized enterprises in Asia and the Pacific. — Photo vietnamplus.vn MANILA — The Asian Development Bank (ADB) has received US$20.2 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Việt Nam and the Pacific. The grant – the second that ADB has received from We-Fi – will finance the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific…

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Vietnam 

New We-Fi financing to enhance support for women-led SMEs in Việt Nam and Pacific – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Women-led businesses comprise about 60 per cent of all micro, small, and medium-sized enterprises in Asia and the Pacific. — Photo vietnamplus.vn MANILA — The Asian Development Bank (ADB) has received US$20.2 million from the Women Entrepreneurs Finance Initiative (We-Fi) to support women-led small and medium-sized enterprises (WSMEs) to access critical financing and training in Việt Nam and the Pacific. The grant – the second that ADB has received from We-Fi – will finance the Women Accelerating Vibrant Enterprises in Southeast Asia and the Pacific (WAVES) programme, which aims…

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Greater Bay Area to support Hong Kong’s office market in areas beyond central business district

An integrated Greater Bay Area has the potential to shape and ­accelerate the development of real estate markets across the ­region. Now, thanks to the recent release of the mainland government’s long-awaited Greater Bay Area outline development plan, we have further guidance about how this future development might play out.Broadly speaking, the vision for the bay area plan is to further integrate the nine largest cities in Guangdong province with Hong Kong and Macau to establish an economic… Source link

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Police arrest Kangde Xin’s major shareholder in a show of force to support regulator’s crackdown on corporate malfeasance

Chinese police arrested the owner of a company on the Shenzhen Stock Exchange on Sunday, a show of force after the securities regulator pledged to crack down on malfeasance to force the country’s listed companies to improve their corporate governance.Zhong Yu, the 69-year-old former chairman and controlling shareholder of Kangde Xin Composite Material Group, was arrested on Sunday, the public Security Bureau of Zhangjiagang city in eastern China’s Jiangsu province announced via its Sina Weibo… Source link

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As Hong Kong ages, carers of elderly relatives need more support at work, at home and for their own old age

Global life expectancy has risen by more than five years since the start of the century, and this is a wonderful thing. It means more years to enjoy with family and friends.Demographic change also poses challenges, however. The number of people in the world aged 60 and above is predicted to reach 2.1 billion by the middle of this century. While some may enjoy good health well into their later years, others will increasingly need support.Societies all around the world are grappling with the… Source link

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Vietnam 

Flexible monetary policies to control inflation, support growth – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A customer performs transactions at Vietcombank’s headquarters in Hà Nội. The State Bank targets a 13 per cent increase of total means of payment and credit growth of 14 per cent this year. VNA/VNS Photo Trần Việt  HÀ NỘI – The State Bank of Việt Nam (SBV) would continue to follow a pro-active and flexible monetary policy as well as working in close conjunction with fiscal and other policies to control inflation and support economic growth in 2019. SBV Deputy Governor Nguyễn Thị Hồng made the statement at a banking forum…

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Vietnam 

Construction of country’s 1st farmers support centre begins – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Ground has been broken for construction of the Lavifarm Farmers Support Centre in Trà Vinh Province’s Càng Long District. — Photo courtesy of Lavifood HCM CITY — Lavifood Joint Stock Company has broken ground for building a farmers support centre in the Mekong Delta province of Trà Vinh’s Càng Long District, the first of its kind in the country. The Lavifarm Farmers Support Centre will consult farmers on planting crops based on market demand and zoning plans. It will also provide them with technical…

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Vietnam 

Support programme improves Bến Tre start-up climate – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

BẾN TRE- In three years since it launched the Đồng Khởi Start-ups and Enterprise Development Programme, Bến Tre Province has adopted many policies to support start-ups, leading to a rise in the number of businesses and jobs, and economic growth, officials told a review conference held recently. Since 2016, when the programme was instituted, 1,602 businesses have been established – around 64.08 per cent of the target by the end of 2020 – Phan Văn Mãi, standing deputy secretary of the Bến Tre Province Party Committee, said. Besides, 15,039 household…

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