Archive for May 3rd, 2019

Business Briefs 03 May 2019

03-May-2019 Intellasia | | 9:06 AM

* Vingroup Joint Stock Company (VIC) generated consolidated revenue of more than VND21.8 trillion (US$936.9 million) and pre-tax profit of VND1.9 trillion in the first [...]
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Most Asian markets rise, energy firms hit by oil demand fears

03-May-2019 Intellasia | AFP | 6:00 AM

Most Asian markets rose Thursday as forecast-beating earnings from Apple provided a much-needed bounce for the tech sector, though energy companies dropped on concerns about [...]
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Asia’s worst currency to see more losses, Deutsche Bank says

03-May-2019 Intellasia | Bloomberg | 6:00 AM

The worst may not be over for the Korean won, according to Deutsche Bank AG. The currency, Asia’s worst performer this year, may keep slipping until it hits 1,200 [...]
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HK Interbank Rates Seen Staying High, Buoying Dollar

03-May-2019 Intellasia | Bloomberg | 6:00 AM

Hong Kong borrowing costs are expected to remain stubbornly high over the rest of the quarter, supporting the local currency. That’s according to Carie Li, an economist [...]
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Manulife HK reports strong results for the first quarter of 2019

03-May-2019 Intellasia | PR Newswire | 6:00 AM

The Manulife group of companies operating in Hong Kong (“Manulife Hong Kong”) today reported strong results for the first quarter of 2019.Key results as compared [...]
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HK driver jailed for 15 months for running over woman waiting for bus and severing her leg

03-May-2019 Intellasia | South China Morning Post | 6:00 AM

A Hong Kong judge praised a mother’s heroism on Tuesday as he sentenced a driver to 15 months in jail for running over the woman as she waited for a bus with her [...]
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HK resident Jerry Chun Shing Lee, an ex-CIA officer, pleads guilty to spying for China

03-May-2019 Intellasia | South China Morning Post | 6:00 AM

A former US intelligence officer pleaded guilty on Wednesday to charges of conspiring to deliver top secret national defence information to China and unlawful retention of [...]
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HK firm sells interest in California port terminal, report says

03-May-2019 Intellasia | UPI | 6:00 AM

A Hong Kong-based company has sold its interest in the Long Beach Container Terminal in California, following US government concerns of China-related national security, [...]
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HK’s Economy Grew Slower Than Expected in First Quarter

03-May-2019 Intellasia | Bloomberg | 6:00 AM

Hong Kong’s economy expanded at the weakest pace since the aftermath of the global financial crisis a decade ago, as a fragile global outlook and the US-China trade war [...]
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Taiwan tycoon and presidential hopeful Gou gets tips from Trump

Taiwan tycoon and presidential hopeful Gou gets tips from Trump

03-May-2019 Intellasia | AFP | 6:00 AM

Taiwan’s wealthiest man and presidential hopeful Terry Gou said he met Donald Trump inside the White House on Wednesday with the American leader warning him that the [...]
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Foxconn tycoon says Taiwan should use drones instead of F-16s

03-May-2019 Intellasia | Taiwan News | 6:00 AM

Foxconn founder says Taiwan should develop AI drones instead of buying F-16s from US At an event in Taichung on Sunday (April 28), Foxconn founder and prospective Kuomintang [...]
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100,000 Chinese come to Taiwan for medical treatment a year: Internazionale

03-May-2019 Intellasia | Taiwan News | 6:00 AM

Despite China’s exclusion of Taiwan from WHA, 100,000 Chinese visit the country for medical treatment every year Despite the fact that China actively works to exclude [...]
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60pct of foreigners working Taiwan’s tech industry are Filipinos

03-May-2019 Intellasia | Taiwan News | 6:00 AM

Filipinos comprise majority of foreigners employed in Taiwan’s tech industry At over 60 percent, Filipino workers comprise the majority of foreign workers in [...]
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Trump meets Taiwan’s Foxconn boss-turned-politician Terry Gou at White House

Trump meets Taiwan’s Foxconn boss-turned-politician Terry Gou at White House

03-May-2019 Intellasia | South China Morning Post | 6:00 AM

Foxconn billionaire chair Terry Gou has met United States President Donald Trump, saying he would still seek US support for Taiwan should he become the self-ruled [...]
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Abe ready to meet N. Korea’s Kim ‘unconditionally’: media

Abe ready to meet N. Korea’s Kim ‘unconditionally’: media

03-May-2019 Intellasia | AFP | 6:00 AM

Japanese prime minister Shinzo Abe has offered to meet North Korean leader Kim Jong Un “unconditionally” in a bid to restore diplomatic ties between the two [...]
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