China’s top banks warn of slow economy
Beijing/Hong Kong – China’s top four state-controlled banks warned bad loans could rise and interest margins would shrink industry-wide, as three of them posted their weakest quarterly profit growth in more than two years. Top lender Industrial and Commercial Bank … Continue reading China’s top banks warn of slow economy
China’s per capita spending on entertainment rises
Beijing — China’s per capita spending on culture and entertainment rose to 850 yuan (126 U.S. dollars) in 2017 from 570 yuan in 2013, according to the Ministry of Culture and Tourism. With growing cultural consumption demand by Chinese, the … Continue reading China’s per capita spending on entertainment rises
Explosion at Chinese pesticide plant, 6 dead
Yancheng – More than 900 firefighters are battling a blaze that erupted after a powerful explosion ripped through a pesticide plant in eastern China on Thursday, killing at least six people and badly injuring dozens of others, including children. State-run … Continue reading Explosion at Chinese pesticide plant, 6 dead
Vietnamese girl brings light to the blind
Ho Chi Minh City – Penny, whose real name is Pham Thien Tam, has spent the last few years waking up at 4:30 am each weekend morning to prepare for a long day with her mother and friends helping other … Continue reading Vietnamese girl brings light to the blind
Vietnam: African swine fever threatens pork market
Hanoi – The African swine fever (ASF) epidemic has spread to 17 localities in Vietnam and is bringing about serious damage to the country’s pork market that is worth up to US$10 billion a year. As of Thursday, more than … Continue reading Vietnam: African swine fever threatens pork market
Earthquake triggered landslide on Lombok
Jakarta – A 5.4-magnitude earthquake on Lombok Island, West Nusa Tenggara, has caused a landslide in North Lombok regency, killing at least two people and injuring more than 30 – most of whom were foreign and domestic tourists. A Malaysian … Continue reading Earthquake triggered landslide on Lombok
Vietnam: Roesler named VinaCapital’s board chairman
Ho Chi Minh City – Dr. Philipp Roesler, the former Vice Chancellor of Germany, has been elected as chairman of VinaCapital Ventures‘ advisory board. Ventures, one of the largest investment and asset management firms in Vietnam, made this announcement on … Continue reading Vietnam: Roesler named VinaCapital’s board chairman
Saudi Aramco shifts strategy to boost oil sale
Dubai/Beijing – Rising Russian and U.S. competition has pushed Saudi Aramco to find new buyers for its oil in China, encouraging a shift toward independent refiners and newcomers to the business.It reflects a new strategy for the Saudi Arabian oil … Continue reading Saudi Aramco shifts strategy to boost oil sale
Audi considering China joint venture stake increase
Ingolstadt – Volkswagen’s premium brand Audi is reviewing whether to raise its stake in its Chinese joint venture partner companies, the premium brand’s China chief Alexander Seitz said on Thursday. “At the end of this year or beginning next year … Continue reading Audi considering China joint venture stake increase
Airbnb: Multiple opportunities for female entrepreneurs
BANGKOK –Airbnb celebrates the company’s global community of women who have found greater financial, professional, and social empowerment through entrepreneurship in digital tourism. In Thailand, Airbnb announced that women hosts earned a combined income of THB 2.8 billion in 2018, a … Continue reading Airbnb: Multiple opportunities for female entrepreneurs