Archive for February 19th, 2020

Business Briefs 19 February 2020

19-Feb-2020 Intellasia | | 9:44 AM

* Thanh Thanh Cong-Bien Hoa Company (SBT) will issue VND 1.2 trillion worth of secured convertible bonds in a private placement. The three-year debts will have a face value [...] » More

Passengers leave Japan virus ship as China toll tops 2,000

19-Feb-2020 Intellasia | AFP | 9:42 AM

Relieved passengers began leaving a coronavirus-wracked cruise ship in Japan on Wednesday after testing negative for the disease that has now claimed more than 2,000 lives in [...] » More

WHO urges calm as China virus death toll reaches 2,000

WHO urges calm as China virus death toll reaches 2,000

19-Feb-2020 Intellasia | AFP | 9:38 AM

The death toll from the new coronavirus outbreak surged to 2,000 on Wednesday, as Chinese and international health officials warned against excessive measures to contain the [...] » More

FDI firms face challenges on Vietnam’s stock market

19-Feb-2020 Intellasia | HanoiTimes | 7:05 AM

Part o blame is the business performance of the FDI firms which lack stability and significant growth in annual profits, which discourages investors. While many [...] » More

WHO urges caution as omnibus coronavirus study shows decline in China cases

WHO urges caution as omnibus coronavirus study shows decline in China cases

19-Feb-2020 Intellasia | Reuters | 6:52 AM

Chinese health authorities have released an omnibus study of more than 70,000 confirmed or suspected coronavirus cases that suggests the epidemic was in decline by last week, [...] » More

China virus outbreak chilling recovery for Asian economies

19-Feb-2020 Intellasia | AP | 6:02 AM

The virus outbreak in China has put South Korea’s economy into an “emergency situation,” its president says. Japan is on the brink of recession and big [...] » More

Asian markets fall as virus hits earnings, growth

19-Feb-2020 Intellasia | AFP | 6:02 AM

Asian markets tumbled Tuesday after Apple warned the new coronavirus had hit output and demand in China, fuelling fears over the wider impact of the epidemic on corporate [...] » More

HK’s flagship airline Cathay Pacific warns of significant drop in year-on-year performance in the first half of 2020 amid poor travel demand caused by coronavirus outbreak

19-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s flagship airline Cathay Pacific has warned its year-on-year financial performance in the first half of 2020 will be “significantly down”, while [...] » More

Coronavirus: elderly Hongkonger intercepted on bus latest to flout quarantine rules, two others will be first to face prosecution

19-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

An 81-year-old man ordered to stay at home after returning to the city from mainland China became the latest Hongkonger to flee quarantine on Tuesday, only to be intercepted [...] » More

HSBC to cut costs by $4.5 billion in third strategic overhaul in a decade as bank’s 2019 pre-tax profit misses estimates

19-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

HSBC, the largest of Hong Kong’s three currency issuing banks, plans to reduce its staff by as much as 15 per cent, cut costs by an additional $4.5 billion, and shrink [...] » More

Coronavirus: HK taking ‘bigger hit’ than during Sars as tourism sector suffers from ‘unprecedented downturn’

19-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

The unfolding and deadly coronavirus outbreak is going to cause a bigger hit on Hong Kong’s tourism sector than the Sars epidemic in 2003 and will extract a heavy toll [...] » More

Coronavirus: four Hongkongers under home quarantine intercepted while trying to leave city

Coronavirus: four Hongkongers under home quarantine intercepted while trying to leave city

19-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

Four Hongkongers under home quarantine amid the coronavirus outbreak have been intercepted in separate cases by authorities while attempting to leave the city for mainland [...] » More

HSBC 2019 pre-tax profits drop by a third to $13.3 billion

19-Feb-2020 Intellasia | AFP | 6:02 AM

HSBC said Tuesday its 2019 pre-tax profits fell by a third on year to $13.3 billion as interim chief Noel Quinn warned that the global banking giant was “not delivering [...] » More

Coronavirus could be knockout blow for HK’s once-thriving tourism, retail sectors

19-Feb-2020 Intellasia | Reuters | 6:02 AM

Tom Bennell’s olive oil distribution business took a heavy beating during months of pro-democracy protests that emptied Hong Kong hotels and restaurants, his major [...] » More

Coronavirus: elderly Hongkonger intercepted on bus latest to flout quarantine rules, two others will be first to face prosecution

19-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

An 81-year-old man ordered to stay at home after returning to the city from mainland China became the latest Hongkonger to flee quarantine on Tuesday, only to be intercepted [...] » More