Archive for April 4th, 2019

Business Briefs 04 April 2019

04-Apr-2019 Intellasia | | 8:50 AM

* Refrigeration Electric Engineering Corporation (REE) targets nearly VND5.6 trillion in revenue this year, up 10% against 2018. REE has also announced a plan to issue US$l00 [...]
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Thai army boss urges political solutions to country’s divisions

Thai army boss urges political solutions to country’s divisions

04-Apr-2019 Intellasia | AFP | 6:43 AM

The head of Thailand’s army on Tuesday urged political divides to be solved in parliament, as anger and frustration mount in the aftermath of a disputed election. The [...]
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U.N. nuclear watchdog could be in North Korea within weeks of a deal

U.N. nuclear watchdog could be in North Korea within weeks of a deal

04-Apr-2019 Intellasia | Reuters | 6:40 AM

The United Nations atomic watchdog said on Tuesday that if a deal was reached with North Korea to give up its nuclear program then it would be ready to send in inspectors [...]
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US warns Beijing against force after Taiwan incursion

US warns Beijing against force after Taiwan incursion

04-Apr-2019 Intellasia | AFP | 6:38 AM

The United States on Tuesday warned Beijing against the use of “force or coercion” on Taiwan after the self-ruling island said that two Chinese fighter jets [...]
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World shares advance ahead of US-China trade talks

04-Apr-2019 Intellasia | AP | 6:00 AM

Global markets were mostly higher on Wednesday ahead of the resumption of trade talks between the US and China in Washington. France’s CAC 40 added 0.8 percent to [...]
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Ultra rich hide their Hermes in Asia’s stealth wealth city

04-Apr-2019 Intellasia | Bloomberg | 6:00 AM

To show off a $50 million Mark Rothko painting that Sotheby’s plans to sell in New York, the auction house took it to Asia to tempt wealthy bidders. Outside of the [...]
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HK’s richest man opens $380M Buddhist museum

04-Apr-2019 Intellasia | CNN | 6:00 AM

Hong Kong’s richest man is opening a multi million-dollar Buddhist art museum at a monastery in the territory. Business tycoon Li Ka-shing has a long history of [...]
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Ajisen (China) Holdings ex-CFO Robert Lau in custody on suspicion of HK$23 million theft from Japanese noodle chain

04-Apr-2019 Intellasia | South China Morning Post | 6:00 AM

A former chief financial officer of Hong Kong-listed company Ajisen (China) Holdings was in police custody on Wednesday after he was arrested on suspicion of stealing more [...]
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HK launches new extradition law despite opposition

04-Apr-2019 Intellasia | Reuters | 6:00 AM

Hong Kong’s leaders launched laws on Wednesday to change extradition rules to allow people to be sent to mainland China for trial, standing fast against growing [...]
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Millennials in hoodies spend $38 million on Simpsons art at HK auction

04-Apr-2019 Intellasia | Straits Times | 6:00 AM

Millennials snapped up $28 million (S$38 million) worth of art inspired by the Simpsons television show, along with skateboarding shoes and cans of spray paint, at a [...]
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HK property developer CK Asset eyes Avolon, overseas assets in revenue push

04-Apr-2019 Intellasia | Reuters | 6:00 AM

Hong Kong property developer CK Asset Holdings is open to bidding for debt-laden HNA Group’s stake in Irish aircraft lessor Avolon Holdings if it were put up for sale [...]
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HK forges ahead with new extradition law despite opposition

04-Apr-2019 Intellasia | Reuters | 6:00 AM

Hong Kong’s leaders launched laws on Wednesday to change extradition rules to allow people to be sent to mainland China for trial, standing fast against growing [...]
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HK will look into real reasons for extradition requests before moving fugitives, justice minister Teresa Cheng says

04-Apr-2019 Intellasia | South China Morning Post | 6:00 AM

Hong Kong’s justice department would look into the real reasons behind extradition requests and ensure no fugitives are transferred for political, religious or ethnic [...]
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Taiwan rattled by 5.6 magnitude quake, no immediate reports of damage weather bureau

04-Apr-2019 Intellasia | Reuters | 6:00 AM

A 5.6 magnitude earthquake struck Taiwan’s southeastern county of Taitung on Wednesday, the island’s weather bureau said, but there were no immediate reports of [...]
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US congressmen introduce resolution reaffirming commitment to Taiwan

04-Apr-2019 Intellasia | CNA | 6:00 AM

A group of US congressmen introduced a resolution in the House of Representatives Monday reaffirming the United States’ commitment to Taiwan and the Taiwan Relations [...]
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