* China on Tuesday (January 29) strongly urged the United States to stop the unreasonable suppression of Chinese companies, including Huawei Technologies Co. Ltd., according to a Foreign Ministry spokesperson. * US President Donald Trump has accepted an invitation from House Speaker Nancy Pelosi to deliver the State of the Union address on February 5. * A Russian Su-27 fighter intercepted a US reconnaissance aircraft over the Baltic Sea approaching the Russian border, the Russian Defense Ministry said on January 28. * The Standing Committee of the National People's Congress (NPC) of China on January 29 started reviewing a new draft of the foreign investment law, the latest move to promote the country's opening-up initiative. * The United States on January 28 slapped sanctions on a state-owned oil firm in Venezuela. The sanctions on Petroleos de Venezuela, S.A., or known as PDVSA, will block US$7 billion in assets and could result in US$11 billion in lost sales over the next year, US … [Read more...] about World News in Brief: January 29
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BUSINESS NEWS IN BRIEF 28/9
HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
World News in Brief: August 22
* Flooding caused by recent storms in Laos has killed at least 46 people while 97 others are missing and four people were injured, according to the latest report from the National Disaster Prevention and Control Committee. * Thailand has launched a Southern Economic Corridor (SEC) project covering several of its southern provinces, namely Ranong, Surat Thani, Nakhon Si Thammarat and Chumphon. * China and India pledged on August 21 to further strengthen ties between the two countries and their militaries. * The Brazilian military on August 21 arrested at least 70 people in a massive dragnet on drug gangs in Rio de Janeiro, local officials said. * Brazilian President Michel Temer criticized protectionist measures taken against steel imports, during a speech at the Brazilian Steel Congress on August 21 in Sao Paulo. He urged the steel industry to "protect" itself from foreign attacks. * Facebook said Tuesday it is removing more than 5,000 targeting categories to prevent misuse of its ad … [Read more...] about World News in Brief: August 22
BUSINESS NEWS IN BRIEF 16/8
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8