Vietnam 

PG Bank targets over $9m pre-tax profit this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The total number of employees at PG Bank by the end of 2018 was 1,504, a decrease of 108. — Photo pgbank.com.vn HÀ NỘI — Petrolimex Group Commercial Joint Stock Bank (PG Bank) targets pre-tax profit of VNĐ211 billion (US$9.06 million) in 2019 and total assets to reach nearly VNĐ32.74 trillion by December 31, 2019, a year-on-year increase of 9 per cent. The figures were released in the recently published document of the annual shareholders’ meeting of the bank. The bank said it would add enough resources to implement debt…

Read More
Home 

China pork prices could rise 70 per cent this year, with millions of animals facing cull

Pork prices in mainland China may rise by more than 70 per cent year on year to record levels in the second half of 2019 following a drop in hog supplies, Tang Ke, a department director at China’s ministry of agriculture and rural affairs, said on Wednesday.Chinese farmers have had to cull their pig populations to combat an outbreak of African Swine Fever that began in August last year.Meanwhile, the share prices of large meat processors in the country have risen thanks to optimism that higher… Source link

Read More
China 

China’s P2P lending market could be decimated this year amid Beijing crackdown

This photo taken on February 4, 2016 shows investors in Chinese online peer-to-peer lender Ezubao chanting slogans during a protest in Beijing. The protest came days after China announced that 21 people had been arrested on suspicion of defrauding around 900,000 people of more than 50 billion yuan, after Ezubao turned out to be a giant Ponzi scheme. Photo: Agence France-Presse Source link

Read More
Home 

Poor diets, both among the overindulged and malnourished, kill more people every year than smoking, Lancet study finds

The British medical journal The Lancet last week resumed its war on “Big Food” with a report that estimates poor diets causing one in five deaths worldwide, significantly more than tobacco and smoking.Health authorities should broaden their battles against obesity, heart disease, cancer and diabetes – currently aimed at specific harmful ingredients like sugar, starch and sodium – and encourage communities to eat fruit, vegetables, legumes, whole grains, seeds and nuts, the study said. In a… Source link

Read More
Home 

China stocks limp through Friday’s session, suffer biggest weekly decline this year

China stocks ended little changed on Friday, yet they suffered their biggest weekly decline this year, while the Hang Seng managed a modest gain to snap a two consecutive day losing streak.The Shanghai Composite closed a bumpy trading session down 0.04 per cent to 3,188.63, moving the benchmark down 1.78 per cent for the week. The largest previous weekly fall was the week of December 21, 2018, when it lost 2.99 per cent.The CSI 300 finished the session down 0.22 per cent to 3,988.62.Shares… Source link

Read More
Home 

Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year

Shenwan Hongyuan, China’s sixth largest securities firm by market value, is seeking to raise as much as US$1.25 billion in Hong Kong’s largest IPO this year to replenish its capital and expand internationally.Shenwan, already listed on the Shenzhen Stock Exchange, is set to become the 12th Chinese brokerage firm with dual listings in Hong Kong and mainland markets.The firm, controlled by state-owned Central Huijin Investment, plans to sell 2.5 billion shares priced between HK$3.63 and HK$3.93… Source link

Read More
Home 

Xiaomi founder Lei Jun earned almost as much as the company last year but pledged to donate it to charity

The founder of Chinese smartphone maker Xiaomi Corp received almost as much in compensation last year as the company made in profit.Xiaomi said in a filing to the Hong Kong stock exchange on Wednesday that Lei Jun, its chairman and chief executive, received a one-off compensation of 636.6 million B-class shares for 2018, currently valued at HK$7.5 billion (US$956 million) based on Tuesday’s closing share price.Xiaomi’s annual adjusted net profit for 2018 was 8.6 billion yuan (US$1.3 billion),… Source link

Read More
Vietnam 

HCM City seeks to develop 50 new co-operatives this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY – HCM City is set to establish 50 new co-operatives and one co-operative union this year and hopes to push the annual growth of the collective economy to 10 percent and its contribution to the city’s economy to 0.6 percent. The new co-operatives will be in a number of sectors including agriculture – forestry – fishery, industry – handicrafts, and transportation.     HCM City hopes to establish 50 co-operatives and one co-operative union this year and push the annual growth of the collective economy to 10 per…

Read More
Singapore 

More than 2,000 dengue cases in Singapore in first quarter; about 600 in same period last year, Singapore News

SINGAPORE – More than 2,000 dengue fever cases were reported in the first three months of the year, or more than three times the number in same period last year when there were about 600 cases. There have also been three dengue deaths in the first quarter, Minister for the Environment and Water Resources Masagos Zulkifli said on Sunday (April 7). There was one death in the same period last year. Mr Masagos was speaking at the launch of the National Dengue Prevention Campaign 2019, which usually takes place ahead…

Read More
Home 

CK Asset is no longer a pure property company, a year after Victor Li takes over the flagship’s from ‘Superman’ dad

Victor Li Tzar-kuoi had a surprise for shareholders last month when he announced the 2018 earnings of the flagship company founded by his father: he paid the highest dividend growth among Hong Kong’s listed property developers.For CK Asset Holdings, the record payout – even if its core profit missed consensus estimate – was the culmination of a three-year restructuring that transformed one of the city’s best-known developers into one of Asia’s largest conglomerates, with operations spanning… Source link

Read More