Property 

New transport projects will create nine hubs in Hong Kong, boost property, says Colliers International

New railway lines and road networks will lead to the emergence of nine office, retail, business and cultural hubs in Hong Kong over the next five to seven years, according to a new study by property consultancy Colliers International Hong Kong.Property in the districts of Admiralty and Tamar, Wan Chai, Central and Western districts, Eastern districts, West Kowloon, Kowloon City, Sha Tin, Tuen Mun and Hung Shui Kiu and Lantau North will report a boost in prices amid improved potential, the study… Source link

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Vietnam 

HCM City transport authorities, firms discuss problems at dialogue – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – HCM City need to keep overloaded trucks and drivers high on drugs off roads and reduce road maintenance and toll fees, transport companies told city authorities at a dialogue on Saturday. Bùi Văn Quản, chairman of the HCM City Goods Transportation Association, said authorities should help businesses with driver recruitment, identifying people using fake driving licences or guilty of violations in the past. There was a lack of parking space in Districts 2, 9 and Thủ Đức, and the Department of…

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Vietnam 

Ministry of Transport to offload 18 per cent of Viglacera – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The Ministry of Transport (MOT) will sell 80.58 million shares of Viglacera Corporation, equivalent to 17.97 per cent of the company’s charter capital, in its upcoming State capital divestment this year. According to the divestment plan, which was recently approved by the ministry, the shares will be auctioned on the stock exchange. The minimum bidding price will not be lower than VNĐ23,000 (US$0.99) per share or the average price of Viglacera in the 30 consecutive sessions before the announcement of the…

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Singapore 

Khaw Boon Wan breaks arm in fall; Vivian Balakrishnan to act as Transport Minister, Singapore News

SINGAPORE – Transport Minister Khaw Boon Wan is on extended medical leave after fracturing his left arm in a fall last week, the Prime Minister’s Office (PMO) said on Monday (Feb 25). As Mr Khaw, 66, is currently warded and receiving treatment, Foreign Minister Vivian Balakrishnan, 58, has been appointed Acting Minister for Transport and will take part in the Singapore-Malaysia bilateral negotiations. Dr Balakrishnan’s appointment ensures that the ongoing discussions with Malaysia on several transport matters will continue to be well-coordinated, the PMO said in a statement. Mr Khaw,…

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Vietnam 

New mechanisms to keep maritime transport sector afloat – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Although there have been some positive signs in recent years, Việt Nam’s sea transport sector still face difficulties with many enterprises suffering heavy losses. The maritime industry is proposing support mechanisms to help the sector out of its stagnant state. In 2018, Vietnam National Shipping Lines (Vinalines) recorded strong growth in sea transport volume with an increase of more than 13 per cent, reaching 24.3 million tonnes. This figure shows solid growth from when sea transport hit its floor a few years…

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Singapore 

Should I rent a car, buy one or just take taxi or public transport?, Singapore News

Buying a car is the next most expensive investment after buying a house in Singapore. Additional costs that also come with car ownership makes one think twice. When you can easily Grab from place to place, is car ownership here still worthwhile? We list the different transportation options available to you, along with its costs, so you can easily make a decision. SHOULD I BUY A CAR? IF NOT, WHAT ARE THE ALTERNATIVES?  Photo: ShopBack 1. BUYING A CAR  Singapore cars are the most expensive in the world. Even before…

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Singapore 

Grab launches pet-friendly transport service GrabPet in beta, Singapore News

PET owners can now book a Grab ride on-demand with their animal companions on board, using the new GrabPet service launched in beta on Wednesday. The service, which charges fares from S$14, caters to all pets approved by the Agri-Food and Veterinary Authority of Singapore, except for birds. GrabPet also insures the animals on board. A maximum of two pets, each up to 41cm in length, or one pet over 41cm in length, will be allowed. Dogs will have to be leashed or in a crate, while the likes of…

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Vietnam 

CAAV asks for transport ministry’s approval for Phú Quốc and Pleiku expansion plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Phú Quốc International Airport is determined to increase its capacity to four million visitors per year by 2020 and ten million visitors in 2030. — Photo phuquocnews.com Viet Nam News HÀ NỘI — The Civil Aviation Authority of Vietnam (CAAV) has recently asked the Ministry of Transport to approve its detail planning adjustments for Phú Quốc International Airport in the southern province of Kiên Giang and Pleiku Airport in the Central Highlands province of Gia Lai. The proposal was made according to Decision No 236/QĐ-TTg of the Prime…

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Vietnam 

Ministry of Transport to accelerate North-South Expressway project – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Ministry of Transport plans to rush the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyễn Văn Thể.— Photo vietnamfinance.vn HÀ NỘI — The Ministry of Transport plans to rush the implementation of the North-South expressway project in 2019, said Minister of Transport Nguyễn Văn Thể. He said the ministry had approved a feasibility study of 11 sub-projects of the North-South expressway project since October last year and was in the process…

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Vietnam 

Transport ministry to set higher emission standards for vehicles – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Ministry of Transport (MoT) plans to tighten control of emissions of vehicles in circulation as well as used vehicles imported to curb air pollution. Under a draft decision on new emission standards which is open to the public to collect opinions, vehicles manufactured prior to 1999 will continue to face emissions stanrdards at Level 1. Level 2 will be applied for vehicles manufactured between 1999-2008 from January 1, 2021 and vehicles made after 2008 from January 1, 2020. Regarding used…

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