Singapore 

Singapore Airlines beaten to world’s best airline award by Qatar Airways, Singapore News

SINGAPORE – Singapore Airlines (SIA) has been beaten to the world’s best airline title by Qatar Airways. The Gulf carrier reclaimed the top spot – which it ceded to SIA in last year’s edition – at the 2019 World Airline Awards in Paris on Tuesday (June 18). While SIA missed out on being named best airline, it won several key awards including best cabin crew, best first class, best airline in Asia, and best first-class seat. It is the fifth time that Qatar Airways has been named the world’s best…

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Vietnam 

VN to be among world’s most dynamic markets by 2030 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    An Hodgson, Euromonitor International’s income and expenditure research manager at a conference on Vietnamese consumer spending in the future. VNS Photo Bồ Xuân Hiệp   HCM CITY — With an emerging market economy and continued strong growth, Việt Nam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. An Hodgson, Euromonitor International’s income and expenditure research manager, said the company’s research database showed that urbanisation, with the associated concentration of income, wealth and population, would propel Việt Nam’s commercial success by 2030.  Published last month, the research…

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Home 

Can the ‘world’s factory’, Dongguan, tame its runaway land prices by changing auction rules?

Authorities in Dongguan, a major manufacturing hub near Shenzhen, have changed the way land auctions are carried out in a bid to cool the sizzling market.It comes after a flurry of aggressive bidding wars involving developers desperate to get a foothold in the Greater Bay Area drove Dongguan’s land prices to unprecedented levels in the first five months of the year.Under the new mechanism, instead of awarding the land to the highest bidder, it will go to the developer whose offer is closest to… Source link

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Home 

Wang Jun, who chaired one of the world’s biggest asset-owning state conglomerates at Citic Group, dies at the age of 78

Wang Jun, the son of one of communist China’s founding elders and a former chairman of the country’s largest state conglomerate, died on Monday, aged 78.Wang died at 10.56pm on June 10, according to a report by state-owned news outlet Thepaper.cn in Shanghai, citing unidentified sources and without elaborating. Xinhua News Agency, the government’s mouthpiece, has yet to report the news.Calls to Citic’s head office in Beijing were unanswered. The company has yet to release a statement.Wang, who… Source link

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Home 

Traders pig out on China pork stocks as deadly African swine fever roils world’s biggest pig market

Traders in China pork-breeding stocks have been feeling mighty piggy, fattening up their portfolios amid an outbreak of deadly African swine fever.Shares of Muyuan Foodstuff and Jiangxi Zhengbang Technology have shot up to record levels, at least doubling over the past year.Traders are betting the pig disease that has rapidly swept through China will continue to disrupt supply and keep boosting the share prices of breeders.Brokerages from Shenwan Hongyuan Group to Citic Securities predict pork… Source link

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Home 

US-China trade war: Trump and Xi are locked in world’s largest game of chicken, and neither can blink

There HASN’T BEEN a week, if not a day, over the past year without some sort of breaking news about US-China relations.Now more than 12 months into the trade conflict, and after the 11th round of talks failed in early May, it has gone well beyond just repeated escalation of tariffs. Washington and Beijing have both toughened their rhetoric and intensified the confrontation by expanding retaliatory measures to other areas.US President Donald Trump has moved to blacklist Chinese telecom firm… Source link

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Singapore 

Tengeh Reservoir to house one of world’s largest floating solar panel systems, Singapore News

SINGAPORE – One of the world’s largest single floating solar photovoltaic (PV) systems might soon find a home in the waters of Singapore’s Tengeh Reservoir. In a bid to reduce its carbon footprint, national water agency, the PUB, will from Friday (June 7) seek proposals from companies to design, build, own and run the nation’s first large-scale floating system of solar panels that will power water treatment processes. Two smaller floating solar PV systems will also be deployed by the PUB at the reservoirs in Bedok and Lower Seletar in…

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Home 

Macau is considering a yuan-denominated stock exchange as the world’s gambling hub looks to diversify away from casinos

Macau is considering launching a yuan-based stock market to help it diversify away from gaming, its main source of revenue, and align the territory more with China’s growth plans for the Greater Bay Area in the country’s southern region.Macau’s Monetary Authority told Reuters in an email that it was starting feasibility studies for a securities market, including a stock market which would “leverage Macau’s advantage to serve the country’s need,” compared with established centres Hong Kong and… Source link

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Vietnam 

Viettel should be in world’s top 10 telecom firms by 2025: PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Prime Minister Nguyễn Xuân Phúc presenting the Independence Order, first class, to Viettel. — VNS Photo HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has said he wants the Viettel Military Industry and Telecoms Group (Viettel) to strive to become one of the world’s 10 biggest telecommunications firms by 2025. Speaking at a ceremony marking the 30th anniversary Viettel’s founding in Hà Nội on Saturday, PM Phúc said the State has entrusted Viettel with the task of leading the country in the Fourth Industrial Revolution. Established in 1989 under the name Sigelco, the group…

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Home 

Huawei reassesses goal to be world’s bestselling smartphone vendor after US blacklist

Huawei Technologies is reassessing its target to become the world’s top-selling smartphone vendor by 2020, after a US trade ban raised serious questions about its access to services that are crucial for international sales, according to a senior executive.Huawei is now closely observing and evaluating the situation after the US government barred American companies from supplying the Shenzhen-based telecommunications equipment giant, according to Zhao Ming, president of Honor, one of Huawei’s… Source link

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