Archive for December 19th, 2019

Business Briefs 19 December 2019

19-Dec-2019 Intellasia | | 9:46 AM

* Binh Dinh Pharmaceutical and Medical Equipment JSC (DBD) is seeking approval from its shareholders to raise the foreign ownership limit (FOL) to 100%. DBD made a [...] » More

City International Hospital, Pharmacity open clinic in HCM City’s District 2

19-Dec-2019 Intellasia | VNS | 7:13 AM

HCM City’s City International Hospital has tied up with drug store chain Pharmacity to open the Pharmacity Quoc Huong Clinic in Thao Ðien Ward in the city’s [...] » More

Asian markets mostly rise but dealers show signs of slowing

19-Dec-2019 Intellasia | Malay Mail | 6:02 AM

Asian markets edged up Wednesday but investors appear to be taking their foot off the pedal after the recent trade deal-fuelled rally, while sterling extended losses after [...] » More

Global shares mixed as US-China trade deal optimism fades

19-Dec-2019 Intellasia | AP | 6:02 AM

Global shares were mixed Wednesday after Wall Street logged fresh record highs but investor optimism faded about an interim US-China trade deal announced last week. [...] » More

Meet the one US lawmaker to dissent on Uygur and HK democracy votes that targeted China: Representative Thomas Massie

19-Dec-2019 Intellasia | South China Morning Post | 6:02 AM

It is not difficult to see why US Representative Thomas Massie, feted in mainland China and reviled among many in Hong Kong, has come to be known as the “No” of [...] » More

HK stocks finish higher, with index heavyweight Tencent continuing its roll

19-Dec-2019 Intellasia | South China Morning Post | 6:02 AM

Hong Kong stocks finished higher as investors bought stocks like Tencent with heavy China business exposure. Mainland China indexes, however, snapped a two-day winning [...] » More

Chinese leader Xi visits gambling hub Macau as nearby HK seethes

19-Dec-2019 Intellasia | Reuters | 6:02 AM

China’s President Xi Jinping begins a three-day visit to the gambling hub of Macau on Wednesday to mark the 20th anniversary of its handover to China, with security [...] » More

Cathay Pacific share price at five-month high despite fewer passengers

19-Dec-2019 Intellasia | IG | 6:02 AM

Hong Kong airline Cathay Pacific share price is trading at a five-month peak of HK$11.22 per share. At least three senior staff members at Cathay Pacific would be leaving the [...] » More

Six dead, more than 30 hurt in HK bus crash

Six dead, more than 30 hurt in HK bus crash

19-Dec-2019 Intellasia | South China Morning Post | 6:02 AM

Six passengers were killed and more than 30 injured after a passenger bus slammed into a tree on a motorway in northern Hong Kong on Wednesday. Three passengers were thrown [...] » More

Former HK chief secretary Rafael Hui released from prison after serving five years for bribery, misconduct

Former HK chief secretary Rafael Hui released from prison after serving five years for bribery, misconduct

19-Dec-2019 Intellasia | South China Morning Post | 6:02 AM

A former Hong Kong No 2 official jailed for pocketing nearly HK$20 million from a prominent land developer was released on Wednesday after spending five years behind bars. [...] » More

HK exchange to slash IPO price-to-trading gap in 2020: executive

19-Dec-2019 Intellasia | Reuters | 6:02 AM

The Hong Kong Stock Exchange hopes to slash the time between pricing an IPO and the shares trading to a single day as early as late 2020, bringing the bourse into line with [...] » More

Cathay Pacific staff leaving in new round of employee exits at airline hit by HK protests

19-Dec-2019 Intellasia | South China Morning Post | 6:02 AM

At least three senior employees are to leave Cathay Pacific amid a fresh round of staff departures at the struggling airline, the Post has learned. Two general managers and [...] » More

Fraught exchange: HK global students’ fear and rebellion

Fraught exchange: HK global students’ fear and rebellion

19-Dec-2019 Intellasia | AFP | 6:02 AM

Malaysian student Celia Cheng’s first semester in Hong Kong began with being tear-gassed outside parliament and ended with her evacuation from campus as protesters [...] » More

HK’s New Year’s fireworks cancelled amid security concerns

19-Dec-2019 Intellasia | AFP | 6:02 AM

Hong Kong’s popular New Year’s Eve fireworks will be cancelled for the first time in a decade, as more than six months of protests heighten security concerns, the [...] » More

With Conservative majority removing Brexit uncertainty, Hongkongers are poised to return to London property market

19-Dec-2019 Intellasia | South China Morning Post | 6:02 AM

The overwhelming victory of the Conservative party in the UK elections is likely to lift the prices of London property and convince Hongkongers to snap up real estate in the [...] » More