Home 

Sun Hung Kai Properties wins Tai Po land parcel at auction for HK$6.31 billion

Sun Hung Kai Properties won a residential parcel in Tai Po for a higher-than-expected HK$6.31 billion (US$804 million) on Friday, its second successful government land tender in a month. The price translates to HK$6,646 per square foot, 69 per cent higher than the previous site in the area which sold for HK$3,932 per square foot in 2016 to Sino Land but still 8.8 per cent lower than the peak of HK$7,284 per square foot paid by Sino Land in 2009 for the site now home to Mayfair by The Sea…

Read More
Home 

Veggie ‘meat’ start-up backed by Nasa wins financing from tech moguls and Silicon Valley climate fund

A Chicago-based biotechnology company working with Nasa to develop a new form of plant-based protein fit for supporting space exploration has received US$33 million from venture capital firms, including an energy tech fund backed by Bill Gates, Jack Ma and Jeff Bezos. The funding will support the development and commercialisation of the animal protein alternative, according to Sustainable Bioproducts co-founder and chief executive Thomas Jonas. The climate-friendly protein is a product of research into extremophile organisms that live in Yellowstone National Park’s volcanic springs. “That work led to the development…

Read More
Singapore 

MP Sun Xueling’s fire safety video narrated in fluent Hokkien wins praise, Singapore News

SINGAPORE – A two-minute Facebook video on fire safety tips by MP Sun Xueling has been receiving praise after she posted it on Thursday (Jan 31). In the video, the Senior Parliamentary Secretary for Home Affairs and National Development gives fire safety tips to prevent home fires – in fluent Hokkien. The video focuses on three messages – not to stand too close to the stove when cooking, not to leave cooking unattended and to ensure there are no smoldering embers before disposing of lighted materials. Online comments praised her…

Read More
Singapore 

Lucky punter wins $9.58m in Jan 14 Toto draw, Singapore News

SINGAPORE – One lucky punter won about $9.58 million from Monday’s (Jan 14) Toto draw after buying the ticket from an outlet near Farrer Road. According to the Singapore Pools website, this is the second-largest amount won by a single person since 2014, when the Toto game was updated to its current format. The 1 QuickPick System 7 Entry ticket was bought at the Singapore Pools outlet at Block 8 Empress Road. The winning numbers were 10, 13, 21, 27, 34 and 40. The additional number was 41. The exact…

Read More
Vietnam 

HSBC wins a clutch of prestigious prizes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HSBC Vietnam has won several awards from FinanceAsia and The Asset. — Photo courtesy of HSBC Vietnam Viet Nam News HCM CITY — HSBC Vietnam has won a series of honours from FinanceAsia and The Asset, two influential publications in the world of corporate finance and investment banking. It received awards for Best IPO and Best Vietnam Deal from FinanceAsia and the Asset Triple A awards for Best IPO, Best Syndicated Loan and Best Loan Adviser in Việt Nam. It earned plaudits for the IPO of Vinhomes…

Read More
Vietnam 

Prosthetics start-up wins Việt Nam Blue Venture Award – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM CITY – Vulcan Augmetics, a start-up that produces modular, affordable prosthetics for everyone, has been named winner of the first Việt Nam Blue Venture Award. The award is part of a global entrepreneurial award, The Venture, that honours social entrepreneurs who aspire to promote positive changes in the world and spread the message that a company can both do business well and create a social impact. It also seeks to create a platform for young entrepreneurs, enabling them to reach out internationally to…

Read More
Vietnam 

VN wins steel dispute with Indonesia – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Việt Nam had won a three-year dispute with Indonesia regarding safeguards on certain iron and steel products, according to the Trade Remedies Authority of Việt Nam. The World Trade Organisation (WTO) late last week announced the agreement of Việt Nam, Taiwan, Penghu, Kinmen and Matsu, on the one hand, and Indonesia, on the other, that a Indonesia would have to implement the recommendations and rulings of the Dispute Settlement Body (DSB) regarding safeguards on certain iron and steel products by March 27,…

Read More
Investment 

Allianz wins approval for China’s first wholly-owned foreign insurance holding company – four years earlier than promised by Beijing

Beijing has given German insurer Allianz the go-ahead to set up a wholly-owned insurance holding company in Shanghai next year – four years earlier than promised. The approval, which points to an acceleration in the opening up of China’s banking and insurance sectors, was posted on the website of the China Banking and Insurance Regulatory Commission (CBIRC) on Sunday. China opens finance industry to foreign firms, but is it too late for Hong Kong players? “This year, the CBIRC has followed Beijing in expanding ‘opening’ policies to foreign banks and…

Read More
Money 

Here’s who wins and who loses in US-China trade war: Vietnam | This Week In Asia

With Asia’s business community increasingly resigned to a lengthy trade war between Beijing and Washington, Vietnam has picked up some business from its northern neighbour. While outsourcing to Vietnam is nothing new – the country received US$35.88 billion in foreign direct investment (FDI) last year, according to government statistics – Chinese firms are increasingly citing the trade war as a motivation to move south. Last month, GoerTek, the Shandong-based manufacturer of Apple’s Airpods, announced it would move production of the wireless headphones to Vietnam, with chief executive Jiang Bin citing…

Read More
Singapore 

Actress-model wins The New Paper New Face on second try, Singapore, Women News

When she auditioned for The New Paper New Face three years ago, Tess Smolens made it through the first round only. Then 14, she went to the United States, where she joined several talent competitions. With newfound experience and training, the 17-year-old returned to Singapore and took part in New Face this year. Last night, the actress-model was crowned the winner of The New Paper New Face 2018. She won $10,000 in cash, $2,000 worth of hair services from Kelture Salon and an exclusive feature in Cleo magazine. It proved…

Read More