Archive for February 21st, 2019

Ausdrill Delivers Strong H1 Result, Following Transformational Acquisition of Barminco

21-Feb-2019 Intellasia | | 9:08 AM

Summary of H1 results * Revenue from operations of $640.2 million, up 45.6% * Underlying EBIT from continuing operations of $67.1 million^, up 27.6% * Underlying net profit [...]
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Business Briefs 21 February 2019

21-Feb-2019 Intellasia | | 8:36 AM

* Hoa Phat Group’s (HPG) sales of construction steel in the first month of this year hit 250,000 tons, a 27% year-on-year rise and equal to record sales in October [...]
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Vietnam confirms first African swine fever cases on three farms

Vietnam confirms first African swine fever cases on three farms

21-Feb-2019 Intellasia | | 7:01 AM

African swine fever has been detected on three farms in Vietnam, authorities said on Tuesday, the first confirmed cases of the highly contagious disease in the Southeast Asia [...]
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Asian markets, currencies boosted by trade optimism

21-Feb-2019 Intellasia | AFP | 6:00 AM

Growing optimism that China and the United States will reach a trade deal lifted most Asian equities Wednesday while the positive sentiment also provided support to regional [...]
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Asian shares mixed following advance on Wall Street

21-Feb-2019 Intellasia | AP | 6:00 AM

Shares were mixed in Asia on Wednesday after a modestly high finish on Wall Street that extended the market’s gains into a fourth week. The Nikkei 225 index rose 0.6 [...]
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China Plans to Turn HK and Macau Into a Silicon Valley Rival

21-Feb-2019 Intellasia | Time | 6:00 AM

China unveiled a sweeping plan to link Hong Kong and Macau with cities in southern China to create a so-called Greater Bay Area, aiming to transform the coastal region into a [...]
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A bridge to HK’s centrally planned future?

21-Feb-2019 Intellasia | Forbes | 6:00 AM

The recent opening of the Hong KongZhuhaiMacau sea bridge is a symbol of Beijing’s plan to draw the disparate pieces of southern China’s $1.5 trillion GDP into an [...]
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Cathay Pacific sees 2018 profit beating expectations, shares surge

21-Feb-2019 Intellasia | Reuters | 6:00 AM

* Airline to report profit of about $293 million, double consensus est * Cathay pursuing turnaround plan to cut costs, boost revenue * Shares rise nearly 9 percent, biggest [...]
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Back to black: Cathay says it has ended two years of losses

21-Feb-2019 Intellasia | AFP | 6:00 AM

Hong Kong flag carrier Cathay Pacific said on Wednesday it is expected to have swung back to profit in 2018, ending two successive losses as it embarks on a massive overhaul. [...]
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Taiwan calls for inclusion in WHO’s universal health initiative

21-Feb-2019 Intellasia | Focus Taiwan | 6:00 AM

Taipei, February 19 (CNA) The Ministry of Foreign Affairs (MOFA) on Tuesday urged the World Health Organization (WHO) to include Taiwan in its push for universal health [...]
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Taiwan says no compromise on democracy after opposition’s China peace overture

Taiwan says no compromise on democracy after opposition’s China peace overture

21-Feb-2019 Intellasia | Reuters | 6:00 AM

Taiwan will not accept any deal that destroys its sovereignty and democracy, President Tsai Ing-wen said on Wednesday after the island’s opposition KMT party said it [...]
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Loan of $100 million from Taiwan gives lifeline to Nicaragua’s Ortega

21-Feb-2019 Intellasia | Reuters | 6:00 AM

Nicaragua’s congress on Tuesday accepted a $100 million loan offered by Taiwan, giving a line of support to President Daniel Ortega’s government, which has become [...]
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Minimum wage to increase again this year: Taiwan Labour minister

21-Feb-2019 Intellasia | Taiwan News | 6:00 AM

President Tsai envisions eventual minimum monthly salaries of NT$30,000 Taiwan’s minimum wage will continue to rise despite unfavourable domestic and global economic [...]
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Taiwan will not accept any deal that harms democracy: Tsai

21-Feb-2019 Intellasia | Aljazeera | 6:00 AM

President’s comments come after island’s China-friendly party says may sign peace deal with Beijing if it wins election. President Tsai Ing-wen has said Taiwan [...]
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Taiwan President Tsai Ing-wen will run for re-election in 2020

Taiwan President Tsai Ing-wen will run for re-election in 2020

21-Feb-2019 Intellasia | CNN | 6:00 AM

Taiwan President Tsai Ing-wen says she will run for re-election as the island’s leader in 2020, despite her flagging popularity and growing hostility from Beijing. Tsai [...]
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