Vietnam 

BSR earnings get boost as crude import tax turns zero – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Bình Sơn Refinery and Petrochemical Co Ltd’s Dung Quất plant. The company shares soared 8.6 per cent on Wednesday. – Photo bsr.com.vn HÀ NỘI – The latest scrapping of the crude import tax could help local firm Bình Sơn Refinery and Petrochemical Co Ltd (BSR), securities firms have reported. The Government on Tuesday decided import tax on crude oil would be slashed to zero per cent from the current 5 per cent on November 1. BSR will get indirect benefit from the decision as a zero tax rate will…

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Singapore 

A Starbound mod turns the SGSecure app into a righteous legendary weapon, Digital, Singapore News

Starbound is forever. In the years since the release of the runaway success by indie studio Chucklefish, the sprawling survival sandbox has garnered tens of thousands of players, an extensive range of updates and tonnes of fan-made mods — a list which spans the certifiably awesome to the outright bizarre. Recently, a uniquely Singaporean mod has been brought to light: a righteous weapon of justice featuring the Ministry of Home Affair’s SGSecure app. May the light of Minister K. Shanmugam guide you.  PHOTO: Steam  Some context, first. SGSecure deems itself to be an essential app for…

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Singapore 

4 arrested after Ghim Moh wedding turns violent, Singapore News

Violence erupted at a void deck wedding in Ghim Moh over the weekend, leaving residents in shock. A 52-year-old resident who wanted to be known only as Madam Siti told The New Paper she heard shouting on Sunday night and looked out of her window. She said she saw a middle-aged man with blood on his face crawling away from another man in the corridor. “I was so scared they would come to my flat because I was alone, so I quickly shut my door and called the police,” she…

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China 

China turns to Argentine soy meal in fresh blow to US farmers

China is opening the door to soybean meal shipments from Argentina, the world’s biggest exporter of the animal feed, as Beijing looks to pivot away from US agricultural products amid a trade war with Washington.The Asian giant is finally allowing soy meal imports from the South American nation after two decades of talks, Argentina’s Agriculture Ministry said in an emailed statement Tuesday.Beijing has been loathe to accept Argentine meal because it prefers to import raw soybeans and process… Source link

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China 

Upside in the world’s top-performing stock index puts it on path to break this year’s high as China turns on the liquidity taps

Stocks in the world’s best-performing market of the past month have more room to gain, as China’s monetary authorities turn on the tap to inject more liquidity into the economy and financial system, according to a forecast by the country’s largest public traded broker.The Shanghai Composite Index may rise by at least another 9 per cent from Friday’s close of 2,999.60, which would put it in the position to surpass the year’s record set in April, according to Citic Securities’ analysts led by Qin… Source link

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Singapore 

Diners horrified after ‘U-shaped white stuff’ turns out to be ’50 to 100 worms’ in Seng Kee mee sua, Singapore News

Stomp contributor Wang and her friends were dining at Seng Kee Black Chicken Herbal Soup last Friday night (Aug 16) when they discovered many “U-shaped white stuff” in their mee sua. The group of five, who visited the Changi Road eatery at around 9pm, were shocked when they realised that the foreign objects in their food were actually worms. In a video that she sent to Stomp, white worms can be seen floating in a bowl of mee sua soup. Wang recounted: “One of my friends noticed many U-shaped white…

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Singapore 

Yucks! ‘Mushroom’ in bak chor mee from Jurong West stall turns out to be cockroach, Singapore News

Stomp contributor Anonymous was looking forward to having supper that he dabao-ed from a stall in Jurong West, but lost his appetite upon discovering a cockroach in his food. Anonymous said he had purchased minced meat noodles at Block 501 Jurong West Street 51 on Sunday (Aug 4), at around 3.45am. He told Stomp: “I bought a packet of dry bak chor mee from a famous fishball noodle stall which can be seen practically in every neighbourhood – Fei Siong. “As I was taking the second bite, I wanted to…

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Money 

China’s new Star Market turns dozens of founders into overnight billionaires, while some small investors nurse heavy losses

Some small investors may be nursing losses after taking a punt on China’s new board for technology companies, but many of the senior executives of the listed start-ups are celebrating a windfall.The frenzied buying that has fired up the stock prices by an average of 200 per cent since trading began on the Star Market two weeks ago has created at least 30 yuan-denominated billionaires among those who already owned pre-IPO stakes in the companies. Someone with a fortune of 1 billion yuan is worth… Source link

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China 

Surplus pork is biting US hog markets as trade war turns the world’s biggest customer away from American farmers

Trade concerns are starting to make all other factors in the hog market look obsolete.Futures have tumbled to the lowest since March. That’s as African swine fever decimates China’s pig herd in an unprecedented global supply disruption.Even though the Asian nation is importing huge amounts of meat, American producers are losing out to rivals in Brazil and elsewhere because of Donald Trump’s trade war. What’s more, the US president’s threat of additional tariffs is sparking concerns that a deal… Source link

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Home 

Pursuit of China’s soccer dream turns into nightmare for internet tycoon

The founder of a Chinese internet company has been detained by police as they investigate a botched overseas acquisition.Although Baofeng Group said in a filing on Sunday night that its chairman Feng Xin was arrested by police, sources close to Feng said that the investigation and informal interrogation had started a few weeks ago, stemming from the failed takeover of London-based sports agency MP & Silva Holding in 2016.The failure of the deal also highlights how a U-turn in national policy… Source link

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