Archive for September 28th, 2018

Business Briefs 28 Sep 2018

28-Sep-2018 Intellasia | | 9:45 AM

* PAN Group, a leading agriculture and food processing firm in Vietnam, has announced the sale of its 13.4 million shares, or 10% of the total, to Japan’s Sojitz [...]
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ADB lowers Vietnam 2018 growth outlook as US-China trade spat lingers

28-Sep-2018 Intellasia | Reuters | 6:00 AM

The Asian Development Bank (ADB) said on Wednesday it had lowered its 2018 economic growth forecast for Vietnam to 6.9 percent from 7.1 percent projected previously, partly [...]
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Asian markets fluctuate after Fed hike, Trump China comments

28-Sep-2018 Intellasia | AFP | 6:00 AM

Most Asian markets fell Thursday as investors considered the prospect of more US interest rate hikes and Donald Trump’s latest broadside in his trade war with China. [...]
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US-China trade war dims Asia’s 2019 growth outlook ADB

28-Sep-2018 Intellasia | Reuters | 6:00 AM

Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the Asian [...]
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HK property firms scramble to lure buyers as rate hikes loom

28-Sep-2018 Intellasia | Reuters | 6:00 AM

Spooked by the prospect of rising interest rates, a slowing economy and a mounting supply of new apartments, Hong Kong developers are going all out to woo buyers, offering [...]
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Retired at 60: why some of HK’s most renowned scholars find they are no longer wanted at university

28-Sep-2018 Intellasia | South China Morning Post | 6:00 AM

Professor Jim Chi-yung, former chair professor of geography at the University of Hong Kong (HKU), counts himself among the lucky ones in academia because he was allowed to [...]
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Why the wealth gap? HK’s disparity between rich and poor is greatest in 45 years, so what can be done?

28-Sep-2018 Intellasia | South China Morning Post | 6:00 AM

Aid agency Oxfam has issued a 60-page report recommending the Hong Kong government set aside an extra HK$36.7 billion (US$4.7 billion) next year to prevent more people [...]
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HSBC raises HK prime rate for the first time in a decade, ending era of cheap funds

28-Sep-2018 Intellasia | South China Morning Post | 6:00 AM

HSBC has become the first commercial bank to raise its prime rate in Hong Kong, taking its cue from the US Federal Reserve and the Hong Kong Monetary Authority in ending a [...]
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China cancels USS Wasp’s visit to HK as tensions rise

28-Sep-2018 Intellasia | USA Today | 6:00 AM

China has denied a request for the USS Wasp to make a port visit next month at Hong Kong and has canceled a visit by the head of its navy as tensions between the two nations [...]
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Fares for HK’s Ngong Ping 360 cable car set to rise at start of ‘golden week’ break

28-Sep-2018 Intellasia | South China Morning Post | 6:00 AM

Visitors to the Ngong Ping 360 cable cars on Lantau Island will be hit with an average 10.4 per cent rise in fares from October 1, the first day of China’s National Day [...]
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China Renaissance, key adviser on Chinese tech IPOs, plummets on HK stock market debut

28-Sep-2018 Intellasia | South China Morning Post | 6:00 AM

China Renaissance, a major adviser to and investor in Chinese technology IPOs, slumped on its own Hong Kong trading debut on Thursday. The Beijing-based investment bank, [...]
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The prospect of higher interest rates is lighting a fire under the HK dollar

28-Sep-2018 Intellasia | CNBC | 6:00 AM

* The Hong Kong dollar is on the move as pressure mounts on local interest rates. * The currency is linked to the US dollar, trading in a narrow band that affords opportunity [...]
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Cryptocurrency giant Bitmain chooses HK for IPO

28-Sep-2018 Intellasia | Reuters | 6:00 AM

Bitmain Technologies, the world’s largest designer of products used for mining cryptocurrencies, confirmed it was bringing its IPO to Hong Kong in what will be an [...]
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HK banks hike lending rates for first time in 12 years

28-Sep-2018 Intellasia | AFP | 6:00 AM

Two of Hong Kong’s biggest banks raised their lending rates on Thursday for the first time in 12 years, ending an age of cheap cash that could hit the city’s [...]
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How Taiwan can defeat China in a war

28-Sep-2018 Intellasia | Taiwan News | 6:00 AM

Two studies list ways Taiwan could win in a war against China The magazine Foreign Policy yesterday presented key points from two recent studies which demonstrated ways in [...]
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