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News Online Summaries
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12 Jul 2018
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‘Kong: Skull Island’ director ‘almost killed’ in Vietnam nightclub brawl
12-Jul-2018 Intellasia |
Yahoo Movies UK |
6:02 AM
Jordan Vogt-Roberts, the director of Kong: Skull Island, has revealed that he was ‘almost killed’ in a violent attack at a nightclub in Vietnam. He suffered sustained contusions, a fractured skull, a cerebral air pocket, and haemorrhaging, spending 10 days in hospital following the [...]
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FinanceAsia
“TRIBRID Project” Registered as a JCM Project in Indonesia
12-Jul-2018 Intellasia |
11-JUL-2018 ACN Newswire | KDDI CORPORATIONNEDO |
6:02 AM
Aiming for an 80% cut in base station carbon footprint TOKYO, July 11, 2018 – (ACN Newswire) – “TRIBRID Project” in Indonesia by KDDI and NEDO was registered as an official project under the Joint Crediting Mechanism (JCM), which facilitates diffusion of leading low carbon [...]
Free Electrons: 28 Pilots Already Launched between Startups and Utilities
12-Jul-2018 Intellasia |
11-JUL-2018 ACN Newswire | TEPCO |
6:02 AM
Module 2 was hosted in San Francisco with Top 15 startups TOKYO, July 11, 2018 – (JCN Newswire) – Free Electrons, the first global energy accelerator program that connects the world’s most promising startups with leading utilities around the world, has wrapped up its second module [...]
Showa Denko and Cinnamon to Develop AI-enabled Database System for Japanese Technical Documents
12-Jul-2018 Intellasia |
11-JUL-2018 ACN Newswire | Showa Denko K.K. |
6:02 AM
TOKYO, July 11, 2018 – (JCN Newswire) – Showa Denko K.K. (SDK; TSE:4004) and Cinnamon Inc. (Cinnamon) will jointly develop a database system equipped with artificial intelligence (AI) to register technical documents. This development program has been accredited as a project to be [...]
MHI Thermal Systems to Establish European Sales and Servicing Company in Germany for Truck/Trailer Reefers
12-Jul-2018 Intellasia |
11-JUL-2018 ACN Newswire | Mitsubishi Heavy Industries, Ltd. |
6:02 AM
- Agreement Concluded on Forming Joint Venture with German Partner - – New company to launch in September with MHI Thermal Systems holding majority stake – Target set on expanding business into Western and Central European markets – Product offerings to be revealed at IAA [...]
Eisai: Oral Antifungal Agent Nailin Capsules 100mg to be Launched in Japan
12-Jul-2018 Intellasia |
11-JUL-2018 ACN Newswire | Eisai |
6:02 AM
TOKYO, July 11, 2018 – (JCN Newswire) – Sato Pharmaceutical Co., Ltd. and Eisai Co., Ltd. will launch the oral antifungal agent NAILIN Capsules 100mg in Japan on July 27, 2018. Sato Pharmaceutical obtained marketing and manufacturing approval for NAILIN Capsules 100mg as an oral [...]
Toyota Launches Car Share Service in Honolulu Through Servco Pacific Inc.
12-Jul-2018 Intellasia |
11-JUL-2018 ACN Newswire | Toyota |
6:02 AM
- Innovative car-share program features range of well-appointed Toyota and Lexus vehicles at 25 easily accessible stations throughout Honolulu – Easy-to-use mobile app developed by Toyota Connected helps Hui deliver convenient mobility solutions TOKYO, July 11, 2018 – (JCN Newswire) [...]
Stocks tumble as Asia braces for more US tariffs on China
12-Jul-2018 Intellasia |
AP |
6:02 AM
Global stocks tumbled Wednesday after Beijing hit back at US plans for tariffs on $200 billion more Chinese exports, as tensions rose over the trade war between the world’s two largest economies. KEEPING SCORE: France’s CAC 40 lost 1.1 percent to 5,376.49 and the FTSE 100 index of [...]
Stocks tumble as Asia braces for more US tariffs on China
12-Jul-2018 Intellasia |
AP |
6:02 AM
Global stocks tumbled Wednesday after Beijing hit back at US plans for tariffs on $200 billion more Chinese exports, as tensions rose over the trade war between the world’s two largest economies. KEEPING SCORE: France’s CAC 40 lost 1.1 percent to 5,376.49 and the FTSE 100 index of [...]
Stamp duty loophole cost HK purse HK$9.4 billion in 8 years, study finds
12-Jul-2018 Intellasia |
SCMP |
6:02 AM
Local property developers, mainland Chinese and firms registered in Bermuda or the British Virgin Islands are taking advantage of the system, Liber Research Community says A loophole in Hong Kong’s stamp duty system has cost the public purse at least HK$9.4 billion (US$1.2 billion) in the [...]
LGBT advocates slam government for staying silent on interim scheme that lets same-sex spouses work and study in HK
12-Jul-2018 Intellasia |
South China Morning Post |
6:02 AM
Hong Kong LGBT rights advocates are slamming the Immigration Department for keeping mum on a special arrangement that allows same-sex spouses to work and study in the city a scheme that has been in place for months but remains largely unknown to the public. “If people don’t know about [...]
HK fines Citi Asia unit $509,710 for ‘dark pool’ breaches
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Hong Kong’s securities commission has fined a unit of Citigroup (C.N) HK$4 million ($509,710) for breaching “dark pool” regulations, the regulator said on Tuesday. Dark pools, known officially in Hong Kong as alternative liquidity pools (ALPs), are anonymous trading platforms [...]
Air China flight from HK to Dalian drops 25,000 feet in 10 minutes after loss of cabin pressure
12-Jul-2018 Intellasia |
South China Morning Post |
6:02 AM
An Air China plane that departed Hong Kong for Dalian on Tuesday night dropped 25,000 feet in 10 minutes, triggering the release of oxygen masks from the cabin ceiling, though the aircraft later landed safely in the northern city, flight data indicated. At least two passengers posted photos on [...]
Taiwan isolation pays off for Panama as China opens free trade talks
12-Jul-2018 Intellasia |
SCMP |
6:02 AM
Central American country seeks to become China’s gateway to the region, a year after it severed ties with Taipei and established relations with Beijing Officials from Panama and China are meeting in the opening round of talks to reach a free-trade agreement, one year after the two countries [...]
Taiwan wants overseas offices to act tougher against name changes
12-Jul-2018 Intellasia |
Taiwan News |
6:02 AM
The Ministry of Foreign Affairs (MOFA) said Tuesday it had told all of its overseas representative offices and embassies to act tougher as soon as they heard of unfair changes of Taiwan’s name on business and other websites. China has demanded multinational corporations, and especially [...]
Typhoon Maria, lashing Taiwan with strong winds and heavy rain, is headed for China’s east coast
12-Jul-2018 Intellasia |
Washington Post |
6:02 AM
After spending several days over the open oceans of the western Pacific, Typhoon Maria made landfall on the Japanese island of Miyakojima on Tuesday afternoon (local time) as the equivalent of a Category 3 hurricane with wind gusts up to 125 mph. The powerful storm will make a close pass to Taiwan [...]
US Lauds Taiwan for Aiding Areas Once Under IS Control
12-Jul-2018 Intellasia |
VOA News |
6:02 AM
The United States is recognising the contributions of an unlikely and quiet partner in its global campaign to defeat the Islamic State (IS) terror group Taiwan. US officials thanked Taiwan for its stabilisation and humanitarian efforts in areas once controlled by IS in Syria and Iraq during a [...]
Japanese, Indian teams submit designs for Taiwan’s ‘Indigenous Defense Submarines’
12-Jul-2018 Intellasia |
Taiwan News |
6:02 AM
Two teams from the US, and two teams from Europe have also submitted design proposals for Taiwan’s domestic submarine programme. Earlier this year, the United States State Department approved the transfer of technology that will allow Taiwan to produce its own submarines for purposes of [...]
Regional
US tightens visas for Burma, Laos
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
The United States said Tuesday it was tightening the distribution of visas to Myanmar and Laos after both countries refused to accept their citizens deported from the country. Both Southeast Asian countries “have denied or unreasonably delayed accepting their nationals ordered removed from [...]
Virus hunters identify two new pathogens in Burma
12-Jul-2018 Intellasia |
The Telegraph |
6:02 AM
Researchers have identified two new viruses in bats as part of a project to stop the next big disease outbreak in its tracks. The race is on to identify “disease X”: the unknown pathogen highlighted by the World Health Organization as having the potential to spark a global pandemic. [...]
Singapore
Singapore knows Malaysia’s plan for HSR project: Mahathir
12-Jul-2018 Intellasia |
Straits Times |
6:02 AM
Malaysian prime minister Mahathir Mohamad yesterday said the government has not yet officially informed Singapore of its decision on the High-Speed Rail (HSR) project. “We have not given them full notice yet but they know what we want to do,” Tun Dr Mohamad told reporters. “When [...]
Singapore to help Asean better tackle climate change with new programme
12-Jul-2018 Intellasia |
CNA |
6:02 AM
There will be a slew of Singapore-led programmes from this year until 2020 as part of efforts to help Asean countries tackle climate change. Under the Climate Action Package (CAP) launched on Tuesday (July 10), Singapore will organise programmes to develop capacity in key areas such as disaster [...]
Inflation data for different Singapore demographic groups could be in the works
12-Jul-2018 Intellasia |
Business Times |
6:02 AM
Govt has been looking at tracking inflation data differently; retirees a source of concern IN THE not-so-distant future, Singapore could be unveiling inflation data to track price changes for various demographic groups such as retiree households or families with school-going children, instead of [...]
Singapore’s Temasek expands portfolio, but says it may slow down investments as global risks grow
12-Jul-2018 Intellasia |
CNBC |
6:02 AM
Singapore’s state investment firm Temasek Holdings said Tuesday the value of its portfolio jumped above 300 billion Singapore dollars for the first time ever. The company said the size of its portfolio grew to 308 billion Singapore dollars ($235 billion) in the year ended March 31, [...]
Malaysia
1MDB clarifies appointment of new exco chair
12-Jul-2018 Intellasia |
New Straits Times |
6:02 AM
1Malaysia Development Bhd (1MDB) today clarified that the appointment of Datuk Mohammad Faiz Azmi as Chair of its newly-formed Executive Committee (Exco) is part of the scope and services provided by PricewaterhouseCoopers Advisory Services Sdn Bhd (PwC) to it. He represents PwC. In a statement, [...]
Switzerland investigates six for suspected bribery of foreign officials in 1MDB probe
12-Jul-2018 Intellasia |
New Straits Times |
6:02 AM
Switzerland is investigating six people on suspicion of bribing foreign officials and other offences, as part of a money laundering investigation into 1Malaysia Development Berhad, the Swiss attorney general’s office said on Tuesday. Former prime minister Datuk Seri Najib Razak is not one of [...]
Malaysia Airlines soars with disability training programmes
12-Jul-2018 Intellasia |
Malay Mail |
6:02 AM
National carrier Malaysia Airlines Berhad (MAB) has initiated two training programmes aimed at improving its service in supporting and assisting disabled passengers in line with its “Malaysian Hospitality” (MH) philosophy. Priority Guest Management manager Mohd Zahil Mohd Zuslaini said [...]
Most Malays didn’t vote for you, Kit Siang’s aide tells Pakatan
12-Jul-2018 Intellasia |
Malay Mail |
6:02 AM
Pakatan Harapan (PH) leaders should always keep three key takeaways from the May 9 general election foremost in their minds, Syahredzan Johan, political secretary to DAP adviser Lim Kit Siang said. “The majority of Malays did not vote for PH. “Those who voted for PH did not do so [...]
It’s all in court now, IGP says after Najib disputes legality of 1MDB raids and seizure
12-Jul-2018 Intellasia |
Malay Mail |
6:02 AM
The police will reply to allegations that it did not follow standard operating procedures (SOPs) during its raids and seizures in the 1Malaysia Development Berhad (1MDB) investigations in court. Inspector-General of Police Tan Sri Mohamad Fuzi Harun confirmed today that officers from the Commercial [...]
Raja Chulan acid attack incident linked to victim’s work in Bursa Malaysia?
12-Jul-2018 Intellasia |
Malay Mail |
6:02 AM
City police are waiting to record the statement of a man who suffered burns after he was splashed with acid along Jalan Raja Chulan yesterday evening. A police source told Malay Mail that the victim works at Bursa Malaysia. The source added that police are in the process of establishing the motive [...]
IGP: CCID chief not qualified for 1MDB probe? Najib can say what he wants
12-Jul-2018 Intellasia |
Malay Mail |
6:02 AM
Datuk Seri Najib Razak is free to speculate on the competency of Datuk Seri Amar Singh Ishar Singh to take on 1Malaysia Development Berhad (1MDB) investigations, the Inspector-General of Police (IGP) said today. This comes following claims by Najib that the Federal Commercial Crime Investigation [...]
Malaysian minister Syed Saddiq faces online outcry over press officer’s resignation linked to LGBT activism
12-Jul-2018 Intellasia |
Straits Times |
6:02 AM
Malaysia’s Youth and Sports minister Syed Saddiq Abdul Rahman faced an online outcry after his interim press officer said he was quitting after coming under pressure over his activism on lesbian, gay, bisexual and transgender (LGBT) issues. Numan Afifi Saadan announced his resignation on [...]
Malaysia’s stand on CPTPP to be made clearer soon
12-Jul-2018 Intellasia |
NST |
6:02 AM
The Malaysian government’s stand on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will be finalised by the Cabinet soon. Minister of International Trade and Industry ( MITI) Ignatius Darell Leiking said prime minister Tun Mahathir Mohamad had been looking [...]
Malaysia asks Macau to detain financier Jho Low after he flees HK
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Malaysian police on Tuesday said they had asked Macau authorities to detain Malaysian financier Low Taek Jho, who they believe evaded arrest in Hong Kong and escaped via ferry to the nearby island. Low, or Jho Low as he is known, has been identified by Malaysian and US investigators as a key figure [...]
Indonesia
Living a double life: Indonesia’s atheists fear jail or worse
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
As a university student, Luna Atmowijoyo prayed five times a day, refused to shake hands with men who weren’t relatives and was “more fundamentalist” than her pious Muslim parents. But a decade later, Atmowijoyo has turned her back on Islam and is among a small number of atheists [...]
Could EU-Indonesia free trade deal end palm oil conundrum?
12-Jul-2018 Intellasia |
Euractiv |
6:02 AM
As a new round of free trade negotiations between the European Union and Indonesia begins in Brussels, Perrine Fournier argues that improving forest governance should be central to any agreement. Perrine Fournier is forest and trade campaigner at forest and rights INGO Fern. Palm oil has had a lot [...]
Indonesia commissions seventh PC-40-class patrol vessel
12-Jul-2018 Intellasia |
Janes |
6:02 AM
* The Indonesian Navy has commissioned its seventh PC-40-class patrol boat * The vessel will bolster security in the Gulf of Youtefa, and along Indonesia’s maritime border with Papua New Guinea The Indonesian Navy (Tentara Nasional IndonesiaAngkatan Laut: TNI-AL) has commissioned its seventh [...]
Thailand
Trauma fears cloud upbeat picture of Thai boys rescued from cave
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
The dramatic rescue of a dozen boys from a flooded Thai cave ended a harrowing two-week ordeal that most seem to have weathered with astonishing mental and physical resilienceat least for the moment. Despite days trapped in the gloom of a cramped, part-submerged chamber the youngsters’ [...]
Trapped Thai boys being closely watched for health problems
12-Jul-2018 Intellasia |
AP |
6:02 AM
The 12 youth soccer teammates who were trapped in a flooded Thai cave for more than two weeks are finally out, and now they are being closely monitored in a hospital. The boys who ranged in age from 11 to 16 emerged in relatively good shape. Here is a breakdown of the health issues they [...]
Cave rescue: Who are the 12 boys and their coach who were trapped in Thailand?
12-Jul-2018 Intellasia |
BBC |
6:02 AM
On 23 June, 12 boys and their football coach walked into a cave after football practice in northern Thailand. The boys, who are part of the Moo Paor Wild Boarsfootball team, became trapped when heavy rains flooded the Tham Luang cave and cut off their escape route. All 12 boys and their coach have [...]
Freed from cave, but doctor’s orders bar Thai boys from World Cup final
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
The eight young footballers rescued from a cave in Thailand after more than two weeks underground are unlikely to be able to take up an offer to attend the World Cup final in Moscow, doctors said Tuesday. The plight of the boys has prompted an outpouring of support from across the footballing [...]
Thai cave rescue: Hero Australian doctor emerges from flooded tunnels to find out father died
12-Jul-2018 Intellasia |
The Telegraph |
6:02 AM
The Australian doctor who was the last person to leave the cave in Thailand after the rescue of 12 boys and their football coach emerged from the darkness only to discover his own father had died while he was underground. Dr Richard “Harry” Harris, an anesthetist as well as an [...]
A Thai cave, an extraordinary tale and a captivated world
12-Jul-2018 Intellasia |
AP |
6:02 AM
In the darkness, down the twisting stone tunnels and through the murky water, they awaited an uncertain future. Outside, under the skies of a modern planet, cameras and bystanders and a rapt global audience of many millions looked toward the remote hills of northern Thailand, connected by cables [...]
Thai cave rescue hero emerges to family tragedy
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
An Australian doctor who looked after a young Thai football team during their harrowing cave ordeal emerged from the flooded underground complex to the sad news that his own father had died. Richard Harris, a world-renowned medic and diver whose presence in the dramatic rescue of the Wild Boars [...]
Thai cave rescue: Boys face post-traumatic stress and flashbacks, but team spirit will help them through, say psychologists
12-Jul-2018 Intellasia |
The Independent |
6:02 AM
Members of the Wild Boars elite youth football team have been to hell and back more than two weeks trapped inside a dark and dank cave network here in the far northern reaches of tropical Thailand. No sunlight. Rations of food. Air thick with the stench of bats and bereft of healthy levels of [...]
Family of British diver in Thai cave rescue waiting to celebrate ‘with car full of beer’
12-Jul-2018 Intellasia |
The Telegraph |
6:02 AM
The family of a British diver involved in the rescue of a Thai football team from a cave are waiting to celebrate his success with a “car full of beer”. Seven British men have been among those leading the efforts to rescue 12 boys and their coach from flooded caves which has ended with [...]
‘Nobody thought we could do it’: rescue of Thai boys accomplished
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Rescuers freed the last four of 12 Thai boys and their soccer coach from deep inside a flooded cave on Tuesday, a successful end to a perilous mission that gripped the world for more than two weeks. The “Wild Boars” soccer team, aged between 11 and 16, and their 25-year-old coach became [...]
Philippines
Assets of two Philippines residents frozen under Anti-terrorism Act
12-Jul-2018 Intellasia |
Looptt |
6:02 AM
Trinidad and Tobago has frozen the assets of two residents of the Philippines deemed international terrorists after notice was given by the Office of the Attorney general on Monday. High Court Justice N Kangaloo granted the order pursuant to Section 22 B (3) (a) under the Anti-Terrorism Act. The [...]
12 terrorists killed in fresh clashes in southern Philippines
12-Jul-2018 Intellasia |
Xinhuanet |
6:02 AM
Twelve terrorists have been killed in clashes with Philippine government security forces, bringing the death toll of Bangsamoro Islamic Freedom Fighters (BIFF) to 57 in the ongoing offensive in the southern Philippines that started on June 1. The military said on Tuesday that eight were killed [...]
Direct flights between India and Philippines soon
12-Jul-2018 Intellasia |
Times Of India |
6:02 AM
The pristine islands of Philippines will soon be a direct flight away from India. The flying rights between the two countries, which currently allow seven flights a week airlines of each side, are going to be enhanced. At present no airline has a direct flight between India and Philippines but with [...]
Philippines: Officials seize fresh fruits from China and Thailand
12-Jul-2018 Intellasia |
Freshplaza |
6:02 AM
Last Monday, Philippine airport quarantine officials seized more than 50 kilograms of fresh fruits from Jinjang, China and Thailand that were not issued with health and sanitary permits from the ports of origin. Quarantine officer Bart Mesolania said the confiscated plums, Fuji apples, mangoes and [...]
Philippines’ Duterte sees lowest rating since becoming president: survey
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Satisfaction in Philippine leader Rodrigo Duterte fell to the lowest of his presidency since coming into office in 2016, an independent survey showed on Tuesday. Net satisfaction, used by pollster Social Weather Stations (SWS) as a rating of the president’s performance, was down 11 points [...]
Chinese mainland overtakes Japan as Philippines’ third export market in May
12-Jul-2018 Intellasia |
Xinhuanet |
6:02 AM
Chinese mainland has dislodged Japan as the Philippines’ third export market destination for May this year, with the amount hitting 761.40 million US dollars or 13.2 percent of the total export receipt recorded, government data showed on Tuesday. The Chinese mainland ranked third among the [...]
UPDATE 1-Philippines nickel ore exports seen dropping up to 17 pct on low prices
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
The Philippines’ nickel ore exports could drop by up to 17 percent this year as weaker prices curb output in the world’s second-biggest supplier, the head of a nickel mining industry group said on Tuesday. Shipments of nickel ore, used to make stainless steel, could fall to 30-35 [...]
Vietnam
FII flows strongly into Vietnam in H1
12-Jul-2018 Intellasia |
BizLive |
6:02 AM
As of June 20, 2018, the total foreign direct investment (FDI) in Vietnam including newly registered capital and additional capital reached more than $16.2 billion, down 4.4 percent year-on-year, according to the general Statistical Office (GSO). Of which, newly registered FDI reached nearly $11.8 [...]
Consumer finance market to reach VND1 quadrillion by 2019
12-Jul-2018 Intellasia |
VOV |
6:02 AM
The scale of Vietnamese consumer finance market has seen remarkable growth and will hit VND1 quadrillion by 2019, according to the Viet Capital Securities Joint Stock Company.The scale of the consumer finance market was estimated at VND646 trillion in 2016 and is set to reach VND1 quadrillion by [...]
Foreign firms eye Vietnam’s plastics
12-Jul-2018 Intellasia |
VNA |
6:02 AM
The massive increase in the number of M&A deals involving foreign investors is putting pressure on Vietnam’s plastics industry. Many large local players in the plastics sector are gradually falling into the hands of Thai, Korean and Japanese firms. According to the Vietnam Plastics [...]
Agricultural land use market needs updated legal framework
12-Jul-2018 Intellasia |
VNA |
6:02 AM
Farming land transfer and renting activities, motivated by the transition of the agricultural economy towards larger scale modernisation, have become busy recently, initiating the development of the agricultural land use market in Vietnam. However, the Land Law 2013 has yet to catch up with the [...]
More listed businesses post profit gains in first half
12-Jul-2018 Intellasia |
VNS |
6:02 AM
In the early days of July, many listed companies have reported positive earnings for the first half of this year. Most are leading companies in their industries. At the end of June, some commercial banks have updated their business results with high profit growth and the prospect of exceeding their [...]
Vietnam, RoK see bright prospects in textiles partnership
12-Jul-2018 Intellasia |
VNA |
6:02 AM
Vietnam and the Republic of Korea (RoK) have secured successful outcomes in the textiles sector based on their establishment of a cooperative system that supplements one another with technology and human resources. According to Ahn Seong Ho, Trade Counsellor at the RoK’s Consulate general in [...]
Vietnam strives for ambitious goal of female-led enterprises
12-Jul-2018 Intellasia |
VNA |
6:02 AM
Vietnam aims at having 350,000 women-owned firms by 2020, meaning the number of female entrepreneurs must triple in the next three years, a rate even faster than the overall growth speed of business volume nationwide. The information was released at a forum and leadership training session for women [...]
Growth encounters reform inertness
12-Jul-2018 Intellasia |
Nhip Cau Dau Tu |
6:02 AM
In the joy of recording GDP growth of 7.08 percent after the first six months of the year, the dim points of the Vietnam’s economy are still recognised accurately. In addition to the old story about the irreplaceable roles of Samsung and Formosa, which are contributing 28 percent to the [...]
Interest rates for corporate loans at 6-9pct appropriate
12-Jul-2018 Intellasia |
BizLive |
6:02 AM
At the scientific forum about Vietnam macroeconomic report in 2018 namely “Preparing for shocks Maintaining macroeconomic stability” organised by the Banking University of HCM City (BUH) in the city on July 9, 2018, Ass.Pro.Dr Nguyen Duc Trung, vice President of BUH and research team [...]
Apartments for sale on downturn in first half of 2018
12-Jul-2018 Intellasia |
VIR |
6:02 AM
The apartments for sale segment in both Hanoi and HCM City saw a downturn in the first half of the year. Impacted by increasing supply sources, the apartments for sale segment in both Hanoi and HCM City saw a downturn in the first half of this year. The HCM City market welcomed an additional 6,109 [...]
Finance
IFC arranges $100m loan for TPBank to promote digital financial services to MSMEs
12-Jul-2018 Intellasia |
VNS |
6:02 AM
The International Finance Corporation (IFC) and Tien Phong Commercial Joint Stock Bank (TPBank) have inked a deal following which the financial arm of the World Bank will provide a syndicated loan of $100 million to help TPBank extend long-term funding to mirco, small and medium enterprises [...]
Reference exchange rate continues to rise
12-Jul-2018 Intellasia |
VNA |
6:02 AM
The State Bank continued to adjust the daily reference exchange rate up on July 11, setting the rate at 22,647 VND/USD, an increase of 7 VND compared to July 10. With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,326 VND/USD and the [...]
HDBank successfully issues 1tr dong worth of bonds
12-Jul-2018 Intellasia |
BizLive |
6:02 AM
Following the success of the recent five trillion dong worth of bond issuance in order to generate a safe and effective investment channel, helping to diversify portfolio for investors, HDBank has continued to issue one trillion dong bonds under private issuance method, with the bond term of three [...]
Exchange rate fluctuations put large pressure on import businesses
12-Jul-2018 Intellasia |
Lao Dong |
6:02 AM
The State Bank of Vietnam (SBV) has quickly sent out the message that the increase of the US dollar is mainly due to psychological factors. At the same time, the agency affirmed to be willing to sell US dollars to intervene. The exchange rate has therefore cooled down and stabilised over the last [...]
Liberty Insurance ranks in top 10 best non-life insurance companies in 2018
12-Jul-2018 Intellasia |
VNS |
6:02 AM
Liberty Insurance has been named among the top 10 non-life insurers in Vietnam for 2018. It is also the only limited liability company and the first 100 per cent foreign direct investment company to be ranked in this list, according to independent research compiled by Vietnam Report. Insurance [...]
Banks told not to raise ATM cash withdrawal fees
12-Jul-2018 Intellasia |
VNS |
6:02 AM
The State Bank of Vietnam (SBV) on Tuesday directed commercial banks not to increase ATM fees after some commercial banks announced plans to hike fees from the middle of this month. The move comes after Vietinbank, Vietcombank, BIDV and Agribank announced they would increase service fees for ATM [...]
Consumer finance market to reach VND1 quadrillion by 2019
12-Jul-2018 Intellasia |
VOV |
6:02 AM
The scale of Vietnamese consumer finance market has seen remarkable growth and will hit VND1 quadrillion by 2019, according to the Viet Capital Securities Joint Stock Company.The scale of the consumer finance market was estimated at VND646 trillion in 2016 and is set to reach VND1 quadrillion by [...]
Stocks
More listed businesses post profit gains in first half
12-Jul-2018 Intellasia |
VNS |
6:02 AM
In the early days of July, many listed companies have reported positive earnings for the first half of this year. Most are leading companies in their industries. At the end of June, some commercial banks have updated their business results with high profit growth and the prospect of exceeding their [...]
Interest rates for corporate loans at 6-9pct appropriate
12-Jul-2018 Intellasia |
BizLive |
6:02 AM
At the scientific forum about Vietnam macroeconomic report in 2018 namely “Preparing for shocks Maintaining macroeconomic stability” organised by the Banking University of HCM City (BUH) in the city on July 9, 2018, Ass.Pro.Dr Nguyen Duc Trung, vice President of BUH and research team [...]
Stock market briefs
12-Jul-2018 Intellasia |
The Saigon Times |
6:02 AM
HDBank has successfully issued VND1 trillion worth of bonds in a private placement, following an offer of VND5 trillion worth of bonds earlier this year. The unconvertible, unsecured bonds have a face value of VND1 billion each and a tenor of three years. HCM City Hai Phat Investment Company (HPX) [...]
July 10: VN Index loses 0.44pct
12-Jul-2018 Intellasia |
VNS |
6:02 AM
The VN Index ended July 10 on HSX at 911.12 points, down 4.00 points (0.44 per cent), while the VN30-Index closed at 897.96 points, down 0.77 points (0.09 per cent). On HNX, the HNX-Index closed at 101.62 points, up 0.86 points (0.86 per cent), the HNX30-Index 179.07 points, up 0.15 points (0.08 [...]
Business
Lam Dong fights fake Chinese spuds
12-Jul-2018 Intellasia |
VNS |
6:02 AM
Lam Dong People’s Committee has approved a pilot project to promote the Da Lat potato brand in an effort to combat Chinese potato, which claimed to be of Da Lat brand. The pilot project, managed by Lam Dong’s Department of Agriculture and Rural Development, includes surveying the potato [...]
Investors gear up for children’s product market
12-Jul-2018 Intellasia |
Vietnamnet |
6:02 AM
Retail chains specialising in products for mothers and children now have to compete with private shops and vendors, whose low cost is a great advantage. VI Group has announced it has pumped capital into Kids Plaza. The group, which is managing $400 million worth of assets, has become the minority [...]
Vietnam to closely monitor Facebook over the faulty depiction of sovereignty: PM
12-Jul-2018 Intellasia |
VNS |
6:02 AM
A map for advertising of Facebook wrongfully depicted Vietnam`s Hoang Sa (Paracel) and Truong Sa (Spratly) Islands. Vietnamese prime minister Nguyen Xuan Phuc has just requested the Ministry of Information and Communications (MIC) to monitor tightly the following moves of Facebook over its wrongful [...]
SMEs see low benefits from FDI’s spillover effects
12-Jul-2018 Intellasia |
The Saigon Times |
6:02 AM
Local small and medium-sized enterprises (SMEs), due to their poor capacity in global value chains, benefit little from the spillover effects of foreign direct investment (FDI), heard participants of a workshop on trade facilitation. The People’s Committee of Can Tho City, the US-Asean [...]
5G key to digital economy
12-Jul-2018 Intellasia |
The Saigon Times |
6:02 AM
Technology firms have suggested that Vietnam should prep for 5G mobile services when it comes to developing the digital economy and catching up with the fourth industrial revolution. Vietnam is known to have licensed the supply of 4G services later than other countries. To reach the goals of [...]
Tiki.vn attracts investors despite $26 million in accumulated losses
12-Jul-2018 Intellasia |
VN Express |
6:02 AM
The rapid growth of e-commerce in Vietnam has not translated into profits for leaving local brands, but they continue to get huge investment. A prominent case in instance is that of Tiki.vn, a popular e-commerce platform in the country. Tiki Jsc. (Tiki) started off as an online book store in 2010 [...]
CapitaLand & Ascott organise annual blood donation drive
12-Jul-2018 Intellasia |
VN Economic Times |
6:02 AM
Two cooperate with Vietnam Red Cross to hold drive in nine Somerset and Citadines serviced residences around country. CapitaLand, along with its wholly-owned serviced residence business unit The Ascott Limited, and the Vietnam Red Cross Society jointly organised a blood donation drive on July 5 [...]
Latest technologies to be showcased at Vietnam Industry 4.0 Summit 2018
12-Jul-2018 Intellasia |
Hanoi Times |
6:02 AM
The summit aims to discuss the current status of the deployment and application of Industry 4.0 in Vietnam, propose policies and discuss plans to accelerate the application of the Internet of Things in the country. The Industry 4.0 Summit and Expo 2018 will take place in Hanoi from July 12 to 13 [...]
85 travel enterprises receive annual tourism awards
12-Jul-2018 Intellasia |
VNS |
6:02 AM
Eighty-five leading travel enterprises were honoured at the Vietnam Tourism Awards 2018 organised on Monday in Hanoi by the Vietnam National Administration of Tourism (VNAT) and Vietnam Tourism Association (VITA). The awards have been held annually since 1999, contributing to enhancing the quality [...]
Vietnam electronic retailer asked to pay $6.7 million in back taxes and fines
12-Jul-2018 Intellasia |
VN Express |
6:02 AM
The HCM City Tax Department wants the Nguyen Kim Company to pay VND147 billion ($6.7 million) in back taxes and fines for tax evasion. A decision to demand this payment was taken on Monday. An investigation by the Department had shown that the Nguyen Kim administration had accounted parts of its [...]
Economy
FII flows strongly into Vietnam in H1
12-Jul-2018 Intellasia |
BizLive |
6:02 AM
As of June 20, 2018, the total foreign direct investment (FDI) in Vietnam including newly registered capital and additional capital reached more than $16.2 billion, down 4.4 percent year-on-year, according to the general Statistical Office (GSO). Of which, newly registered FDI reached nearly $11.8 [...]
Agricultural land use market needs updated legal framework
12-Jul-2018 Intellasia |
VNA |
6:02 AM
Farming land transfer and renting activities, motivated by the transition of the agricultural economy towards larger scale modernisation, have become busy recently, initiating the development of the agricultural land use market in Vietnam. However, the Land Law 2013 has yet to catch up with the [...]
Ministry aims to mobilise resources for transport infrastructure
12-Jul-2018 Intellasia |
VNA |
6:02 AM
The Ministry of Transport (MoT) will work on solutions, mechanisms, and policies to push forward the mobilisation of resources for transport infrastructure development in the second half of this year, said chief of the ministry’s office Nguyen Tri Duc. The MoT also aims to effectively realise [...]
Growth encounters reform inertness
12-Jul-2018 Intellasia |
Nhip Cau Dau Tu |
6:02 AM
In the joy of recording GDP growth of 7.08 percent after the first six months of the year, the dim points of the Vietnam’s economy are still recognised accurately. In addition to the old story about the irreplaceable roles of Samsung and Formosa, which are contributing 28 percent to the [...]
Vietnam strives for ambitious goal of female-led enterprises
12-Jul-2018 Intellasia |
VNA |
6:02 AM
Vietnam aims at having 350,000 women-owned firms by 2020, meaning the number of female entrepreneurs must triple in the next three years, a rate even faster than the overall growth speed of business volume nationwide. The information was released at a forum and leadership training session for women [...]
Ba Ria Vung Tau attracts investors in IPs
12-Jul-2018 Intellasia |
VNA |
6:02 AM
The southern province of Ba Ria Vung Tau is taking measures to attract investors to local industrial parks (IPs). The locality is home to 15 IPs, including nine operational parks with an average occupancy of over 47 percent. In Chau Duc industrial zone in Chau Duc district, technical infrastructure [...]
Hanoi likely to see 21 stagnant key projects in 2020
12-Jul-2018 Intellasia |
VNA |
6:02 AM
Twenty-one socio-economic projects in Hanoi are likely to lag behind schedule in 2020, reported director of the municipal Department of Planning and Investment Nguyen Manh Quyen in a meeting on July 10 between Hanoi’s leaders and heads of districts. Quyen said that Hanoi currently has had 55 [...]
Vietnam to suffer collateral damage in China-US trade war
12-Jul-2018 Intellasia |
VN Express |
6:02 AM
Officials and experts fear Chinese goods could flood Vietnam, affecting both domestic sales and exports of Vietnamese firms. The first salvo in the latest trade war between the US and China was fired by the former last Friday, when it slapped a 25 percent duty on about $34 billion worth of Chinese [...]
Domestic companies earn $33 billion from Jan-June exports
12-Jul-2018 Intellasia |
The Saigon Times |
6:02 AM
The domestic business sector earned roughly $33.1 billion in outbound sales in the first half of the year, increasing by 19.9 percent year-on-year, according to a newly released report by the Ministry of Industry and Trade (MoIT) on its website. The country as a whole earned $113.93 billion from [...]
Electric vehicle industry needs long-term policy to attract capital
12-Jul-2018 Intellasia |
Dien Dan Doanh Nghiep |
6:02 AM
Towards sustainable development and reducing emissions to the environment, investing in electric vehicles has become an indispensable trend for many countries, including Vietnam. In order to quickly grasp the opportunities from the fertile market, some investors and bicycle manufacturers have soon [...]
Japan
Chinese company trademarks ‘Princess Kako’ nappies. Japanese netisens are royally miffed
12-Jul-2018 Intellasia |
.South China Morning Post |
6:02 AM
Japan’s royal family may be keeping a stoical silence after it was learned that a Chinese company that makes nappies was slapping the trademarked “Princess Kako” label on its products. But Japan’s netisens are not holding back after it was reported that a company in Quanzhou [...]
Death Toll In Japan Floods Reaches More Than 155, With Dozens Still Missing
12-Jul-2018 Intellasia |
NPR |
6:02 AM
At least 157 people are dead in western Japan and dozens are still missing after record rainfall that sparked flash floods and mudslides over the weekend, officials said, according to broadcaster NHK. Search efforts were continuing for at least 57 others are still missing, most in hardest-hit [...]
Japan hit by worst weather disaster in decades: Why did so many die?
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Torrential rains unleashed floods and set off landslides in western Japan last week, killing at least 176 people, forcing millions to evacuate and leaving dozens missing in the country’s worst weather disaster in 36 years. Below are some reasons for the high death toll. EXTREME WEATHER [...]
Japanese garden built in Cameron Highlands for ‘The Garden of Evening Mists’
12-Jul-2018 Intellasia |
The Hive Asia |
6:02 AM
The big screen adaptation of Tan Twan Eng’s award-winning novel “The Garden of Evening Mists” has already begun filming in the author’s home country, Malaysia. It was revealed during the press conference held at The Majestic Hotel Kuala Lumpur that one of the main locations [...]
Before-and-after images show devastation from Japanese flooding that killed at least 150 people
12-Jul-2018 Intellasia |
USA Today |
6:02 AM
Some of the worst flooding in decades has devastated portions of southwestern Japan, leaving at least 150 people dead and dozens missing. The number killed is the highest from a flood there in over 30 years, the BBC said, and 2 million people have been forced to flee their homes. Up to 30 inches of [...]
Japan PM meets stranded evacuees in flood disaster zone
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
Japan’s prime minister met Wednesday with people forced from their homes by devastating rains that have killed at least 179 people, as the government said it would review its disaster management plans. Prime minister Shinzo Abe, who cancelled a foreign trip planned for this week as the [...]
Japan’s Takeda gains US approval for $62 billion Shire buy
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Takeda Pharmaceutical Co Ltd on Tuesday said it has received US approval for its $62 billion acquisition of London-listed Shire Plc, taking the Japanese firm one step closer to its goal of becoming a global top 10 drugmaker. Takeda in a press release said it received unconditional clearance from [...]
Korea
Kim Jong-un opts for potato farm visit over Mike Pompeo meeting
12-Jul-2018 Intellasia |
The Telegraph |
6:02 AM
Kim Jong-un, the North Korean leader, appears to have opted to visit a potato farm instead of meeting Mike Pompeo when the US Secretary of State was in Pyongyang over the weekend for the latest round of discussions on the future of the Korean Peninsula. Pompeo arrived in the North Korean capital on [...]
Korea wants PMO to untie power knots, raises concerns over fate of Korean investments
12-Jul-2018 Intellasia |
Economic Times |
6:02 AM
South Korea has sought the intervention of the prime minister Narendra Modi’s office (PMO) to instil confidence among Korean investors, while airing serious concerns over the fate of existing Korean investments in the Indian power sector. South Korean president Moon Jae-in is touring India [...]
India too a stakeholder in Korea peace process: PM Modi
12-Jul-2018 Intellasia |
Times Of India |
6:02 AM
Without naming Pakistan, PM Narendra Modi on Tuesday said proliferation links between east and south Asia were a matter of concern for India. This meant that India too was a “stakeholder” in the success of the ongoing peace process in the Korean peninsula, Modi said after a meeting with [...]
UN aid chief says ‘clear evidence of humanitarian need’ in N Korea
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
There is “very clear evidence of humanitarian need” in North Korea, the top UN aid official has said during the first visit of its kind to the isolated country since 2011. UN Humanitarian Chief Mark Lowcock arrived in the North Korean capital of Pyongyang on Monday. He met Kim Yong Nam, [...]
N Korea implies Kim Jong Un was at potato farm during Mike Pompeo’s visit
12-Jul-2018 Intellasia |
CBS News |
6:02 AM
North Korean leader Kim Jong Un may have been too busy visiting a potato farm to meet with US Secretary of State Mike Pompeo, Pyongyang’s state media implied Tuesday. The North’s state media normally lead their television bulletins and front pages with Kim’s doings, but a [...]
Korea to probe military plan to quell Park protests
12-Jul-2018 Intellasia |
The Western Star |
6:02 AM
South Korea’s president has ordered an investigation into a revelation that the military drew up a plan to mobilise troops if protests last year worsened over the fate of his impeached predecessor, officials said Tuesday. Military intervention in civilian affairs is an extremely sensitive [...]
As Donald Trump’s N Korea deal collapses, Vladimir Putin awaits: So much for peace in our time
12-Jul-2018 Intellasia |
Salon |
6:02 AM
Trump got hosed by Kim, and Putin has been whispering in his ear. This overseas trip could make it all much worse Today begins the latest installment of Donald Trump’s great global demolition derby as he leaves for the annual meeting of NATO allies, a meet and greet with the queen of England [...]
America’s Moment of Truth With N Korea Is Coming
12-Jul-2018 Intellasia |
The Atlantic |
6:02 AM
One eight-word assumption underlies American and South Korean negotiations with Kim Jong Un: “North Korea will give up its nuclear weapons.” That’s what the analyst Cheon Seong Whun told me ahead of Secretary of State Mike Pompeo’s trip to Pyongyang this past weekend. For [...]
Korea plans to locally develop missile for homemade future jet
12-Jul-2018 Intellasia |
Defense News |
6:02 AM
South Korea’s state-funded arms development agency plans to develop an indigenous, air-launched, long-range cruise missile to be equipped with the KF-X fighter aircraft under development, according to defense officials. The Agency for Defense Development, or ADD, under the wing of the Defense [...]
Hong Kong
Air China flight from HK to Dalian drops 25,000 feet in 10 minutes after loss of cabin pressure
12-Jul-2018 Intellasia |
South China Morning Post |
6:02 AM
An Air China plane that departed Hong Kong for Dalian on Tuesday night dropped 25,000 feet in 10 minutes, triggering the release of oxygen masks from the cabin ceiling, though the aircraft later landed safely in the northern city, flight data indicated. At least two passengers posted photos on [...]
HK fines Citi Asia unit $509,710 for ‘dark pool’ breaches
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Hong Kong’s securities commission has fined a unit of Citigroup (C.N) HK$4 million ($509,710) for breaching “dark pool” regulations, the regulator said on Tuesday. Dark pools, known officially in Hong Kong as alternative liquidity pools (ALPs), are anonymous trading platforms [...]
LGBT advocates slam government for staying silent on interim scheme that lets same-sex spouses work and study in HK
12-Jul-2018 Intellasia |
South China Morning Post |
6:02 AM
Hong Kong LGBT rights advocates are slamming the Immigration Department for keeping mum on a special arrangement that allows same-sex spouses to work and study in the city a scheme that has been in place for months but remains largely unknown to the public. “If people don’t know about [...]
Stamp duty loophole cost HK purse HK$9.4 billion in 8 years, study finds
12-Jul-2018 Intellasia |
SCMP |
6:02 AM
Local property developers, mainland Chinese and firms registered in Bermuda or the British Virgin Islands are taking advantage of the system, Liber Research Community says A loophole in Hong Kong’s stamp duty system has cost the public purse at least HK$9.4 billion (US$1.2 billion) in the [...]
Taiwan
Taiwan shuts down as Typhoon Maria closes in
12-Jul-2018 Intellasia |
Straits Times |
6:02 AM
Taiwan began evacuating residents in mountainous areas yesterday as Typhoon Maria churned towards the island bringing torrential rains and powerful winds. Offices and schools were closed and flights were cancelled. Maria was 310km east of the north-eastern coastal town of Yilan packing gusts of up [...]
Taiwan spared as Typhoon Maria weakens
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
Schools and offices were closed in parts of Taiwan Wednesday as Typhoon Maria skirted the island bringing torrential rain and powerful winds. Officials had warned of floods and landslides, evacuating thousands of people, but the storm weakened as it approached Taiwan and moved past it to the north. [...]
Taiwan’s Foxconn posts 24 pct rise in June sales; sets Q2 record
12-Jul-2018 Intellasia |
Nasdaq |
6:02 AM
Taiwan’sFoxconn, the world’s largest contract electronics manufacturer, on Tuesday said sales rose 24 percent in June, helping the Apple Inc supplier post its best-ever second-quarter revenue. Foxconn, formally Hon Hai Precision Industry Co Ltd, in a stock exchange filing said revenue [...]
Japanese, Indian teams submit designs for Taiwan’s ‘Indigenous Defense Submarines’
12-Jul-2018 Intellasia |
Taiwan News |
6:02 AM
Two teams from the US, and two teams from Europe have also submitted design proposals for Taiwan’s domestic submarine programme. Earlier this year, the United States State Department approved the transfer of technology that will allow Taiwan to produce its own submarines for purposes of [...]
US Lauds Taiwan for Aiding Areas Once Under IS Control
12-Jul-2018 Intellasia |
VOA News |
6:02 AM
The United States is recognising the contributions of an unlikely and quiet partner in its global campaign to defeat the Islamic State (IS) terror group Taiwan. US officials thanked Taiwan for its stabilisation and humanitarian efforts in areas once controlled by IS in Syria and Iraq during a [...]
Typhoon Maria, lashing Taiwan with strong winds and heavy rain, is headed for China’s east coast
12-Jul-2018 Intellasia |
Washington Post |
6:02 AM
After spending several days over the open oceans of the western Pacific, Typhoon Maria made landfall on the Japanese island of Miyakojima on Tuesday afternoon (local time) as the equivalent of a Category 3 hurricane with wind gusts up to 125 mph. The powerful storm will make a close pass to Taiwan [...]
Taiwan wants overseas offices to act tougher against name changes
12-Jul-2018 Intellasia |
Taiwan News |
6:02 AM
The Ministry of Foreign Affairs (MOFA) said Tuesday it had told all of its overseas representative offices and embassies to act tougher as soon as they heard of unfair changes of Taiwan’s name on business and other websites. China has demanded multinational corporations, and especially [...]
Taiwan isolation pays off for Panama as China opens free trade talks
12-Jul-2018 Intellasia |
SCMP |
6:02 AM
Central American country seeks to become China’s gateway to the region, a year after it severed ties with Taipei and established relations with Beijing Officials from Panama and China are meeting in the opening round of talks to reach a free-trade agreement, one year after the two countries [...]
China
Widow of Chinese Nobel dissident Liu Xiaobo arrives in Berlin
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
Liu Xia, the widow of Chinese Nobel dissident Liu Xiaobo, arrived in Germany Tuesday after she was released from years of de facto house arrest in China. Despite facing no charges, the 57-year-old poet had endured heavy restrictions on her movements since 2010 when her husband won the Nobel Peace [...]
Zinc, copper futures slump in China as US plans tariffs on extra $200 billion of Chinese goods
12-Jul-2018 Intellasia |
.South China Morning Post |
6:02 AM
Zinc and copper led the declines in commodity futures in Shanghai on concern about shrinking demand for the base metals after the Trump administration escalated the trade war by proposing to levy tariffs on an additional $200 billion of Chinese goods. Futures contracts ranging from zinc to copper [...]
US, Australia undermining China’s trading relationship with Canada, ambassador suggests
12-Jul-2018 Intellasia |
CBC News |
6:02 AM
China is keen to launch formal free trade talks with Canada, but its envoy to Ottawa suggests that Canada’s own allies could be souring the relationship. During an hour-long interview with CBC News conducted Monday through an independent Mandarin translator, China’s ambassador to Canada [...]
Chinese democracy activist sentenced to 13 years for ‘subversion’
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
A prominent Chinese political campaigner was sentenced to 13 years in jail on Wednesday, a court in central China said. Qin Yongmin was found “guilty of subversion of state power,” the Wuhan City Intermediate People’s Court said on its official website. According to court records, [...]
Tesla unveils Shanghai factory plans amid US-China trade row
12-Jul-2018 Intellasia |
AFP News |
6:02 AM
Tesla unveiled plans on Tuesday to build a factory in Shanghai to dramatically increase its production capacity, with boss Elon Musk making his electric-car company’s biggest overseas move yet just as a US-China trade battle heats up. Musk said the plant, which has been in the works for a [...]
Trade war escalates: How China will get hit by Trump’s latest offensive
12-Jul-2018 Intellasia |
CNBC |
6:02 AM
* The new list of tariffs released on Tuesday shows that the US is targeting important Chinese manufacturing export industries, said Rajiv Biswas, Asia Pacific chief economist at IHS Markit. * But certain factors may mitigate the threat to China’s overall economy, such as the depreciation of [...]
Trump launches new tariffs on China
12-Jul-2018 Intellasia |
CNN |
6:02 AM
The Trump administration is preparing another round of tariffs on Chinese goods worth $200 billion, ramping up the US-China trade war. Trade Representative Robert Lighthiser on Tuesday released a list of thousands of additional goods that could face 10 percent tariffs after a public comment period. [...]
EU urges China to free activists on third anniversary of ’709′ crackdown
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
The European Union urged China to free dozens of activists during a human rights meeting in Beijing this week, three years after a crackdown that jailed scores of lawyers and activists. The EU-China Human Rights Dialogue which ended on Tuesday came at a sensitive time for China, as families and [...]
Tesla goes big in China with Shanghai plant
12-Jul-2018 Intellasia |
Reuters |
6:02 AM
Tesla Inc Chief Executive Officer Elon Musk on Tuesday landed a deal with Chinese authorities to build a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the electric car maker’s global manufacturing. The deal was announced as Tesla raised [...]
China’s economic reform is falling short and patience is growing thin, says report
12-Jul-2018 Intellasia |
CNBC |
6:02 AM
* China needs to do more reform-wise or risk an elevation in tensions in the global economic system, the European Union Chamber of Commerce in China said in a report. * China has made progress on environmental policies, streamlining business procedures and encouraging R&D. * But major [...]



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