Archive for February 5th, 2020

Business Briefs 05 February 2020

05-Feb-2020 Intellasia | | 8:50 AM

* Pharmacitv Pharmacy ISC, which owns the largest drug store network in Vietnam and is backed by private equity firm Mekong Capital, has raised VND735 billion (US$31.8 [...]
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World has ‘window of opportunity’ to halt virus spread: WHO chief

05-Feb-2020 Intellasia | AFP | 8:37 AM

The dramatic measures taken by China to rein in the deadly new coronavirus outbreak have prevented significant spread abroad, providing a “window of opportunity” [...]
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China virus deaths rise to 490 as more countries confirm local transmission

China virus deaths rise to 490 as more countries confirm local transmission

05-Feb-2020 Intellasia | AFP | 8:32 AM

The number of people infected in China by the coronavirus outbreak jumped on Wednesday to nearly 500, after Hong Kong reported its first death from the disease and millions [...]
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Shanghai rebounds as Asia markets rally and investors track virus

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | AFP | 6:02 AM

Asian markets rallied Tuesday with Shanghai bouncing back as bargain-buyers stepped in after the previous day’s rout, but trading floors remained anxious as [...]
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Asia stocks find footing as China markets recoup some losses

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | Reuters | 6:02 AM

Asian stocks bounced on Tuesday with Chinese markets reversing some of their previous plunge amid official efforts to calm virus fears, although sentiment remained fragile [...]
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Asian shares track Wall Street rebound, Shanghai up 1.3pct

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | AP | 6:02 AM

Shares are higher in Asia, with the Shanghai Composite up 1.3 percent as China’s central bank stepped up its intervention by channeling another 400 billion yuan ($57 [...]
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Asia markets rise, Shanghai swings as investors track virus

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | AFP | 6:02 AM

Asian markets rose Tuesday with Shanghai fluctuating between positive and negative as bargain-buyers stepped in after the previous day’s rout but trading floors [...]
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Coronavirus: HK man who ‘cheated woman by claiming he had 10 boxes of face masks’ held in custody

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

A Hong Kong warehouseman who allegedly cheated a woman into paying him HK$1,000 (US$129) by claiming he had 10 boxes of face masks for sale has been held in custody. Kwok [...]
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Coronavirus: top HK medical school chief questions government response to health crisis

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

A top medical expert in Hong Kong believes the government should have acted sooner and more decisively in its response to the coronavirus outbreak. Gabriel Leung, dean of the [...]
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HK reports first coronavirus death as hospital workers escalate strike

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | Reuters | 6:02 AM

Hong Kong reported its first coronavirus death and Macau ordered casinos to shut for two weeks as the Chinese territories battled to halt the spread of an epidemic that has [...]
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Coronavirus: Hongkonger in Hubei feeling ‘helpless’ after told family must ‘stay put’ during lockdown of province

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

Hong Kong resident Danny Leung Shun-hing and his family have been stranded in Hubei province for nearly 10 days now, first in a small village and now in a city of about [...]
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HK’s economy shrinks 1.2 per cent after battering from protests and fears over coronavirus

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

Hong Kong’s battered economy shrank 1.2 per cent last year from 2018, the first annual contraction in a decade, with warnings of more beatings to come as the city [...]
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Flat viewings dwindle, transaction volume slumps as coronavirus infects some residents in HK housing estates

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

The coronavirus outbreak is hurting Hong Kong’s residential property market as flat viewings dwindle and transaction volume shrinks in private housing estates where [...]
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Coronavirus: HK confirms first death, a 39-year-old man

Coronavirus: HK confirms first death, a 39-year-old man

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

A 39-year-old man has become the first to die in Hong Kong after being diagnosed with the deadly coronavirus. The patient, who was being treated for the virus at Princess [...]
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Can coronavirus outbreak knock HK retail and office markets, the world’s priciest, off the perch?

05-Feb-2020 Intellasia | 05-FEB-2020 Ontellasia | South China Morning Post | 6:02 AM

Hong Kong’s office and retail space rents, the world’s priciest, have slipped under the weight of US-China trade war and anti-government protests for most of the [...]
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