Archive for March 17th, 2020

Business Briefs 17 March 2020

17-Mar-2020 Intellasia | | 9:11 AM

* Vinaconex Power Development & Construction Investment JSC (VCP) is seeking approval from its ‘shareholders to move nearly 57 million shares from the Unlisted [...]
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What are the prospects for rice exports in 2020?

17-Mar-2020 Intellasia | NDO | 7:11 AM

Vietnamese rice exports in 2020 are expected to be more prosperous thanks to a series of free trade agreements (FTAs) coming into force, after plummeting in both export [...]
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Asian stock markets, US futures fall after Fed rate cut

17-Mar-2020 Intellasia | AP | 6:02 AM

Asian stock markets and US futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus [...]
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HK to relax deadline for companies’ annual reports due to virus

17-Mar-2020 Intellasia | Reuters | 6:02 AM

Hong Kong listed companies can delay the publication of their annual reports due to the impact of the coronavirus, the city’s stock exchange and markets regulators said [...]
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Coronavirus: HK jobless rate expected to hit nine-year high, finance chief Paul Chan warns

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s jobless rate is set to surge to a nine-year high because of the dim global economic outlook triggered by the coronavirus pandemic, with the catering, [...]
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Coronavirus: seven more confirmed cases in HK, including six patients who had recent travel history

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong reported seven more confirmed cases of Covid-19 on Monday, including six people with recent travel history, bringing the city’s total number of infections to [...]
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Coronavirus: more rescue flights planned for Hongkongers stranded in Hubei, epicentre of the Covid-19 outbreak

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

More chartered flights will be sent to pick up Hongkongers stranded in the mainland Chinese province at the centre of the Covid-19 pandemic later this month, officials have [...]
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New monthly low for HK’s battered tourism sector with arrivals plunging to 199,000 daily average for early 2019

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s battered tourism sector hit a new low amid the coronavirus epidemic in February when arrivals slumped to 199,000 the daily average in the first half of last [...]
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HK slashes interest rate after US Fed’s second emergency cut, as Covid-19 pandemic gathers pace and roils global economies

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong lowered its base interest rate to near record-low, following the second emergency cut in as many weeks by the US Federal Reserve to bolster the American economy [...]
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Coronavirus: HK issues ‘red’ travel alert on the United States, Britain and Ireland and imposes quarantine measures on arrivals from the three countries and Egypt

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong has issued a red travel alert on the United States, Britain and Ireland and will impose a 14-day quarantine period on all arrivals from the three countries and [...]
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HK’s most lucrative jobs lose their allure as property agents quit in droves on 70 per cent plunge in sales commissions

17-Mar-2020 Intellasia | South China Morning Post | 6:02 AM

Hong Kong’s property agents are bracing for the long haul as a shrinking market dents their take-home pay and forces some to quit the industry. Salaries, which are [...]
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HK: with coronavirus curbed, protests may return

HK: with coronavirus curbed, protests may return

17-Mar-2020 Intellasia | TheGuardian | 6:02 AM

Amid a global pandemic, Hong Kong’s famously crowded streets are eerily quiet. Most of the city’s 7.5m people have been practising various forms of social [...]
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HK political rivals woo voters with free face masks

17-Mar-2020 Intellasia | AFP | 6:02 AM

Hong Kong’s rival political camps have embraced a new tactic to woo potential voters as the city hunkers down during the coronavirus pandemic: free face masks. Masks [...]
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Anti-epidemic action launched in HK amid Covid-19 outbreak

17-Mar-2020 Intellasia | TheStar | 6:02 AM

Amid the Covid-19 (coronavirus) outbreak, Hong Kong Committee for United Nations Children’s Fund (Unicef HK) has launched an anti-epidemic action to help 10,000 [...]
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HK central bank cuts rates, bank capital buffer requirements

17-Mar-2020 Intellasia | Reuters | 6:02 AM

Hong Kong’s central bank cut rates and the level of capital buffers it requires financial institutions to hold to 1 percent from 2 percent of their risk-weighted assets [...]
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