Archive for October 23rd, 2018

Business Briefs 23 Oct 2018

23-Oct-2018 Intellasia | | 7:40 AM

* The Hanoi Stock Exchange last Friday announced that it had received no bidders for Vietcombank’s (VCB) auction of 45.6 million shares in Eximbank (EIB) with a [...]
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Asian stocks gain after Chinese assurances over slowdown

23-Oct-2018 Intellasia | AP | 6:00 AM

Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country’s slowing economy. KEEPING SCORE: The Shanghai [...]
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HK reclamation plan could earn city HK$1.6 trillion, claims consultant to group that wanted project to be even bigger

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong will break even on a controversial 1,700-hectare reclamation project off Lantau Island within 20 years and could make trillions of dollars from the deal, a member [...]
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HK leader Carrie Lam bulldozes ahead with Lantau Island reclamation idea…but at what cost?

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

It was one of the largest demonstrations in Hong Kong this year, with an estimated turnout of 6,000. “No artificial islands!” the protesters chanted, as they [...]
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World’s longest sea-crossing bridge opens between HK and China

23-Oct-2018 Intellasia | CNN | 6:00 AM

A $20 billion bridge connecting Hong Kong and Macau to the mainland Chinese city of Zhuhai is set to finally open this week, marking the completion of the longest [...]
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HK’s MPF ranks near bottom of the class globally when it comes to adequate savings preparation, consultancy says

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Hong Kong’s Mandatory Provident Fund ranks among the least adequate in the world in terms of seeing to the future needs of pensioners, ranking ahead of only India and [...]
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More than 160 HK businesses to take part in import expo in Shanghai as China bids to show eagerness for foreign investment amid US trade war

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

More than 160 Hong Kong businesses will take part in the inaugural China International Import Expo next month, with the country’s biggest trade fair of the year poised [...]
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Too early to predict doom for HK’s massive plan to reclaim land for housing, construction experts say

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Engineers and construction experts say it is premature to predict disaster and doom for the Hong Kong government’s massive plan to build a gleaming metropolis on [...]
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Will HK ever hit its public housing target? Carrie Lam says yes, but city data suggests otherwise

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

The Hong Kong government has never hit its target of building enough public flats to account for 60 per cent of the total housing supply, official statistics showed, even as [...]
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Three arrested as HK police seize estimated HK$42 million worth of drugs from Yuen Long flat

23-Oct-2018 Intellasia | South China Morning Post | 6:00 AM

Police seized an estimated HK$42 million (US$5.4 million) worth of illegal drugs in a raid on a manufacturing plant operating from a flat in Hong Kong’s New [...]
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One of Taiwan’s fastest trains derails, killing at least 18

23-Oct-2018 Intellasia | AFP | 6:00 AM

One of Taiwan’s fastest passenger trains derailed Sunday on a curve along a popular weekend route, killing at least 18 people and injuring more than 170 others, [...]
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‘Why?’ asks Taiwan mourner, after 18 killed in train disaster

23-Oct-2018 Intellasia | Reuters | 6:00 AM

Taiwan President Tsai Ing-wen offered words of consolation on Monday as she met relatives of 18 people killed and 187 injured when a train derailed in the island’s [...]
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Taiwan’s president meets relatives of 18 killed in worst rail tragedy in decades

23-Oct-2018 Intellasia | Reuters | 6:00 AM

Taiwan President Tsai Ing-wen offered words of comfort and encouragement on Monday as she met relatives of the 18 dead and 187 injured after a train derailed in the [...]
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Taiwan’s president prays with relatives of 18 killed in rail tragedy

23-Oct-2018 Intellasia | Reuters | 6:00 AM

Taiwan President Tsai Ing-wen offered words of consolation on Monday as she met relatives of 18 people killed and 187 injured when a train derailed in the island’s [...]
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Taiwan investigates train crash that killed 18

Taiwan investigates train crash that killed 18

23-Oct-2018 Intellasia | AFP | 6:00 AM

Taiwan’s president pushed for a swift investigation Monday after an express train derailed on a coastal tourist route, killing 18 people in the island’s worst [...]
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