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Singapore’s online hotel booking site RedDoorz targets Southeast Asia push

RedDoorz founder and chief executive Amit Saberwal describes his four-year-old budget hotel online booking start-up as a “combination of Uber and Marriott”.The Singapore-based firm is like Uber Technologies in the sense that the hotels listed on its app are owned by individual proprietors, just like many drivers own their cars and pick up bookings through the US ride-hailing giant. It is like Marriott International, the American hotel chain operator and franchiser, on the hospitality side… Source link

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Vietnam 

Cà Mau targets US$1.2 billion in aquatic exports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A shrimp farm in the southernmost province of Cà Mau.  VNA/VNS Photo Vũ Sinh CÀ MAU — The southernmost province of Cà Mau will use effective shrimp farming models on a large scale to export US$1.2 billion worth of aquatic products in the remaining months of the year. According to the provincial People’s Committee chairman Nguyễn Tiến Hải, local agencies and farmers have been urged to apply modern, eco-friendly shrimp farming models that adapt to climate change. They are expected to improve the efficiency of breeding shrimp quality control and disease…

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Chinese education unicorn Squirrel AI targets foreign markets with plans for mathematics and Mandarin lessons

Squirrel AI Learning, a Shanghai-based online after-school tutoring company, plans to expand into foreign markets in two years by developing an English-language curriculum for mathematics as well as Mandarin lessons for non-native speakers.“Why mathematics and Chinese-language lessons? Because there are so many foreigners who want to learn Chinese and they do not have good solutions,” Joleen Liang, partner at Squirrel AI Learning, said in an interview last week in Hong Kong. “So we’re going to… Source link

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Vietnam 

Hưng Yên targets 9 per cent GDP growth for 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Production at Toyota Việt Nam Co Ltd in the Thăng Long II Industrial Zone, Hưng Yên Province. The province is targeting 9 per cent GDP growth this year. — Photo nhandan.org.vn HƯNG YÊN — The northern province of Hưng Yên has set a goal of reaching a GDP growth rate of 9 per cent for the whole year, according to the provincial People’s Council. Provincial authorities have targeted maintaining high growth in industrial production and construction and improve the province’s competitiveness. The province will also encourage businesses to invest in agriculture. Nguyễn Văn Phóng,…

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Vietnam 

Việt Nam’s forestry sector targets US$11 billion in export – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A production line of wood products at Đức Thành Wood Processing Joint Stock Company in HCM City.  The forestry sector is expected to reach US$11 billion in export value this year. — VNA/VNS Photo   HÀ NỘI – Việt Nam’s export of timber and wood products is expected to reach US$11 billion this year, said Minister of Agriculture and Rural Development Nguyễn Xuân Cường. Cường said export value reached $5.23 billion in the first half of this year, up 20 per cent compared with the same period in…

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FPT targets 10,000 software engineers in Đà Nẵng – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  In the next three to five years, FPT expects to invest about VNĐ2.6 trillion (US$111.59 million) in facilities for software export, education and training and telecommunications. — Photo fptdanang.pro HÀ NỘI — FPT Corporation targets to have 10,000 software engineers working in the central city of Đà Nẵng by 2023, making the city a centre of digital human resources. The statement was made by FPT Vice Chairman Bùi Quang Ngọc at a meeting with Đà Nẵng’s leaders in the locality on Friday. Đà Nẵng is currently one of the three most important…

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Vietnam 

Furniture firm targets smaller loss in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A factory of Trường Thành Furniture Corporation. The company plans to cut losses to VND588 billion (US$25.3 million) in 2019 from VND805 billion last year. — Photo viettimes.vn HÀ NỘI — Trường Thành Furniture Corporation (Trường Thành) expects its losses to reach VNĐ588 billion (US$25.3 million) in 2019, heard the firm’s annual shareholder meeting on Monday. The company plans to increase its net revenue by 18 per cent year on year to VNĐ1.23 trillion this year, but losses are unavoidable due to high costs of selling goods and services. The…

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Vietnam 

Cybercrime targets finance sector – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Staff at work at the cybersecurity centre in the northern province of Thái Bình. — VNA/VNS Photo HÀ NỘI — Việt Nam’s cybersecurity was being compromised, posing new challenges in ensuring information safety, especially in the finance-banking sector, State agencies and organisations. The information was released by deputy head of the Government Information Security Commission Nguyễn Đăng Đào at an international conference themed “Security World 2019” held in Hà Nội on Wednesday. At the conference, participants focused on Việt Nam’s cybersecurity and solutions to strengthen data protection in the public and finance-banking sectors. Major…

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Vietnam 

Vingroup targets profit of VNĐ6.5 trillion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Photo shows the entrance of Times City, the urban area built by real estate, retail and tech conglomerate Vingroup. — Photo cafeland.vn HÀ NỘI — Leading real estate and retail conglomerate Vingroup plans to earn VNĐ140 trillion (US$6 billion) in net revenue and VNĐ6.5 trillion in post-tax profit in 2019. The information was released during the group’s 2019 annual general meeting of shareholders on Thursday in Hà Nội. In 2018, the company’s net revenue reached nearly VNĐ122 trillion, up by 36 per cent compared to 2017 due to the increase in revenue…

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Stocks Blog: China markets fall as Trump targets mainland surveillance camera makers

Good morning, traders. China’s surveillance camera sector is now in the Trump spotlight. In addition to Hikvision Digital, which fell yesterday on news reports it was being targeted, Megvii, Zhenjiang Danhua Technology, Meiya Pico and Iflytek could be banned from U.S. components or software, Bloomberg reports. We’ll keep you up on the fallout in markets from the new tech storm added to the tariff tornado, plus the latest on rare earth-linked stocks, which are getting a new boost from… Source link

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