China 

A miserable Year of the Pig for China’s hogs is godsend for American farmers

In China, pigs symbolise wealth. And 2019, being the Year of the Pig, was supposed to be a great year to make money. Instead, the nation’s 26 million hog farmers are battling the deadly African swine fever epidemic that is in its second year now.The virus, harmless to humans, has spread across 32 of the nation’s 34 administrative regions since the outbreak was first reported in August 2018, affecting a large portion of the nation’s 348 million strong swine inventory, according to Rabobank.“We… Source link

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Vietnam 

An Giang attracting less investment this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The city of Long Xuyên in the Mekong Delta province of An Giang. The province is calling for support from the Government, ministries and agencies to make it more attractive to domestic and foreign investors. — Photo xuctiendautu2018.angiang.gov.vn AN GIANG — The Cửu Long (Mekong) Delta province of An Giang has witnessed a reduction in the number of new investment projects and the amount of newly registered capital since the beginning of this year, local authorities have said. So far this year, the province has attracted 44 new projects with total…

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Shares of Chinese pig-breeder New Hope expected to keep fattening up even after stock has more than doubled this year

The price of New Hope Liuhe’s stock has already soared 151 per cent this year. But analysts say shareholders’ gains on this Chinese pig breeder stand to get even fatter.Analysts predict New Hope’s share price will rise to 23.70 yuan over the next 12 months – or a whopping 30 per cent above its current level. That is the consensus of analysts covering it and tracked by Bloomberg.The Shenzhen-traded stock is also the third best performer on the CSI 300 Index this year, as the spread of African… Source link

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JD.com beats estimates with strong second-quarter sales, rebounding from loss a year ago

Chinese e-commerce giant JD.com on Tuesday reported better-than-expected second-quarter revenue, boosted by stronger sales in its online retail business, sending its shares 5 per cent higher in pre-market trading.The Beijing-based company’s revenue rose 23 per cent year on year to 150.3 billion yuan (US$21.3 billion) in the quarter ended June 30. That was ahead of analysts’ forecast revenue of 147.49 billion yuan, according to IBES data from Refinitiv.Net income reached 618.8 million yuan, up… Source link

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Hong Kong stocks sink to lowest level since January; Swire Pacific thuds to more than one year low

Hong Kong kicked off the week in a downbeat mood on Monday, as weeks of political protests in the city took a toll of markets, led by declines in major conglomerate Swire Pacific.The Hang Seng Index closed at its lowest level since January, dropping 0.44 per cent to 25,824.72.Swire Pacific, the parent company of carrier Cathay Pacific Airways, tumbled 6.2 per cent to close at HK$76.70, its lowest level since May 2018. Cathay shares slumped 4.9 per cent to close at HK$9.80, their lowest level in… Source link

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Vietnam 

Nội Bài Airport’s adjustment plan to be publicised this year – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of Nội Bài International Airport. The airport is expected to receive 50 million passengers by 2030. — Photo tinnhanhchungkhoan.vn HÀ NỘI — The Ministry of Transport will announce the adjustment planning of Nội Bài International Airport in the third quarter of this year. The statement was released by Minister Nguyễn Văn Thể in a document answering questions from Hanoians about the airport. Thể said with the Government’s plan to expand and improve the capacity of Nội Bài Airport, it will reach about 80-100 million passengers per year after 2030. “To…

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China 

China’s consumer spending expected to weaken further this year as result of escalating US trade war tensions

Chinese consumer spending is likely to slow for the rest of the year as a result of the uncertainty created by trade tensions with the United States, analysts said.This could exert downward pressure on economic growth, given that the government is counting on the consumer to play a big part in mitigating the effects of the trade war.The role of consumption in China’s economic growth has changed in recent years – it accounted for 76 per cent of GDP growth in 2018, up from less than 50 per cent… Source…

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Singapore 

6 in 10 dads did not take paternity leave last year, Singapore News

SINGAPORE – Two-thirds of eligible fathers did not take any paternity leave last year, despite the Government’s ongoing efforts to get men more involved in raising their children. The vast majority of fathers also did not take any shared parental leave, according to estimates released on Tuesday (Aug 6) by the Ministry of Social and Family Development (MSF). The ministry was responding to Mr Louis Ng (Nee Soon GRC), who had asked for the proportion of fathers who did not take government-paid paternity leave and shared parental leave. The take-up…

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Trade between US and China tumbles in first half of year, data shows, a victim of tariffs

The total value of bilateral trade between the United States and China dropped by nearly 14 per cent in the first half of the year versus the same period in 2018, data from the US Commerce Department showed on Friday.The change is a clear effect of the trade war between the world’s two largest economies, analysts say.In the first six months of the year, adding exports and imports as a measure of total trade between the US and China, the total amount of goods exchanged was US$271 billion versus… Source…

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Hong Kong’s trade show organisers hope the ‘city under siege’ image won’t damage visitor numbers this autumn, or next year

Trade event organisers in Hong Kong are assessing the economic impact from weeks of unresolved civil protests, amid concern the city’s brand as a meeting and event hub could be under threat.How much the protest movement has weighed on the local event management industry is hard to gauge, partly because of the diverse range of events scheduled in Hong Kong and question marks as to whether visitors will be discouraged from taking part in the coming months.Six events ranging from consumer… Source link

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