OTTAWA — Canadian Prime Minister Justin Trudeau unveiled a legislative agenda on Thursday that touts tax cuts and tougher climate actions in the first test of his new minority government. After a nasty election fight and his rejection of a formal coalition, Trudeau must rely on the backing of opposition parties on a case-by-case basis to stay in power. That starts with garnering support for his agenda, which was outlined in a throne speech by Governor General Julie Payette to parliament, convened for the first time since the October ballot. In the 30-minute address Payette sketched out plans for tax cuts, net-zero CO2 emissions by 2050, implementation of the UN Declaration on the Rights of Indigenous Peoples, a ban on assault rifles, and a national prescription drug plan. "We know that we are inextricably bound to the same space-time continuum and on board the same planetary spaceship," said the former astronaut. "I am certain that by working together, no challenges are too big." … [Read more...] about Trudeau pushes tax cuts, climate in test for minority government
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When news broke last week that one of Vietnam’s largest conglomerates, Vingroup, had plans to sell off its retail and agricultural arms to Masan Group, a major player in Vietnam’s fast-moving consumer goods (FMCG) market, industry insiders were unsure what to make of the announcement. The official line from Vingroup is that the deal is expected to provide the company with the resources it needs to focus its energy on technology and production sectors. Meanwhile, Masan’s strong position in the FMCG market will allow it to fully leverage the massive retail network that Vingroup has built over the past few years. Under an agreement reached on Tuesday, Vingroup’s VinCommerce and VinEco arms will be acquired by Masan and incorporated into Masan Consumer Holdings, which is Masan’s consumer retail business. Vingroup will exchange its shares in VinCommerce for a minority stake in a grand new retail company to be formed after the … [Read more...] about Why did Vietnam’s largest conglomerate sell of its retail arm?
Experts discussing on how to develop an ecosystem for e-commerce development At TechFest held yesterday (December 4) in Quang Ninh province’s Halong city, James Dong, CEO of Lazada Vietnam and Lazada Thailand, confirmed that the digital economy is booming in Southeast Asia, and is forecast to continue growing – and Vietnam is a rising star even in this group. Google Temasek predicted that the size of the regional e-commerce market by 2025 would reach $153 billion from $39 billion in 2019, while that of online travel would be $79 billion, online media $33 billion, and ride-hailing $41 billion. Of this, Vietnam is emerging as a potential market with CAGR of 49 per cent in its e-commerce market. As Southeast Asia’s leading and fastest-growing e-commerce platform, Lazada is building out an e-commerce infrastructure ecosystem to host the future of commerce. The platform has already built an international-standard logistics system in Vietnam to serve both buyers and … [Read more...] about Building an ecosystem for e-commerce development
Nearly 150 shareholders attended Danapha’s Annual General Meeting in 2019 Accordingly, the biggest pharmaceutical company in Danang city was fined VND70 million ($3,050) for failing to submit reports on schedule. Danapha was also fined VND350 million ($15,200) for not registering transactions and listing securities; and VND85 million ($3,695) for violating the regulations on corporate governance and others. Established in 1965, Danapha has a long and proud history of sustainable development. It has a steady position in the Vietnamese pharmaceutical market and is now ready for international opportunities. Danapha is now recognised as a high technology pharmaceutical company in Vietnam. Danapha targets a revenue of VND550 billion ($23.91 million) in 2019. Suggested solutions for this mission are enhancing the so-called ethical drugs channel (ETC), adjusting policies and producing suitable products to develop the over-the-counter channel (OTC) and non-description drugs; modernise … [Read more...] about Leading pharma firm fined for securities-related violations
Jeong Eun-bo, South Korea's top negotiator in defense cost-sharing talks with the United States, speaks to the press at Dulles International Airport, just outside Washington, on Thursday.—YONHAP/VNA Photo WASHINGTON/SEOUL — South Korea's top negotiator in defence cost-sharing talks with the United States has said the allies have failed to produce a concrete result in this week's negotiations as Washington's demand for a sharp increase in Seoul's share remains unchanged. Jeong Eun-bo made the remarks on Thursday following the fourth round of talks in Washington on Tuesday and Wednesday over how to share the cost of stationing the 28,500-strong US Forces Korea under the cost-sharing accord, called the Special Measures Agreement (SMA). "At this point, we are in a situation where we need to continue to narrow our differences. It is not that we have reached a concrete result," Jeong told reporters at Dulles International Airport. "It is right to say that the US maintains its … [Read more...] about Defence cost-sharing talks fail to yield concrete result amid US demand for hefty rise: Seoul negotiator