Business

SINGAPORE - Media OutReach - 14 November 2019 - Wine shopping just got a little better this Christmas season. Not only is Wine Connection coming back with the second iteration of their annual Wine Tasting Fair on 16 and 17 November, they are also launching their Scan, See & Win campaign in partnership with DRNK. In this collaboration with DRNK -- an augmented reality (AR) app for alcoholic beverages -- Wine Connection is turning all their stores islandwide into a full AR experience. Over 500 wine bottle labels in all Wine Connection stores have been optimised to be used with the DRNK AR App. With a simple scan using the app, the drink will come to life in front of your eyes with interactive animations. In the spirit of the season of giving, Wine Connection and DRNK have teamed up to gamify the entire experience for in-store customers. A total of SGD50,000 worth of prizes are up for grabs - all you need to do is to scan any wine bottle in store and you will … [Read more...] about Wine Connection and DRNK AR App Launch Full Augmented Reality Experience Stores This Christmas

Officers from Nam Thành Commune of Nghệ An Province visit a family of a Vietnamese citizen that was found dead in a container truck in Essex. — VNA/VNS Photo Tá Chuyên HÀ NỘI — The Government has ordered authorised agencies to strictly handle any individuals or organisations that illegally send Vietnamese citizens abroad. The order follows a new resolution, recently issued by the Government after its regular meeting held in Hà Nội. Accordingly, the Government assigned the Ministry of Foreign Affairs to closely work with the Ministry of Public Security, localities and other relevant agencies to handle the case in which 39 Vietnamese were found dead in a container truck in Essex, northeast London, on October 23. The Government also calls upon other countries to work together in the fight against illegal immigration. The Ministry of Public Security was told to take measures to break up illegal migration … [Read more...] about Gov’t orders illegal migration organisations to be shut down

Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks. A report of the State Securities Commission (SSC) showed that VND60 trillion worth of corporate bonds were issued in the first half of the year. Meanwhile, according to Military Bank Securities, the figure is VND70 trillion. Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst for capital. But there are risks.  The high bond interest rate is what analysts find worrying. Kim Chi Real estate firms switch to bonds due to less bank loans Bond issuance is becoming an ideal channel for real estate firms to raise capital as credit policies for property development are gradually being tightened, experts said.   Strong desire for M&A deals in real estate Foreign investment flows into Vietnam’s property sector through merger and acquisition transactions have been reported to be on a strong … [Read more...] about What’s behind real estate firms’ race to issue corporate bonds?

Commercial banks’ purchase of real estate corporate bonds is considered indirect lending to real estate firms, experts say. Corporate bond rush The interest rates for the following years will be calculated by the average interest rate of three banks plus 4.8 percent. The bond interest rates of 10-14.5 percent per annum have caught special attention from the public because they are double bank deposit interest rates. However, the real interest rates bond holders can receive won’t be that high after they pay fees to banks. The HCMC Infrastructure Investment JSC issued VND200 billion worth of bonds with the interest rate of 11 percent for the first year. The interest rates for the next years will be calculated by the TP Bank’s one-year deposit interest rate plus 3.5 percent. Risks Kim Chi  What's behind real estate firms’ race to issue corporate bonds? Real estate firms are rushing to issue corporate bonds, which analysts say shows their thirst … [Read more...] about VN banks told to be careful with corporate bonds

The Dream City project, invested in by the Viet Han Trading – Advertising – Construction – Real Estate Co. Ltd, was granted an investment certificate in January 2010. It was set to build a complex of world-standard residential, eco-tourism and entertainment areas covering 2,050ha, including a golf course, villas, resorts, residential areas, a park, sports facilities, a casino and horse racing tracks. The project was assessed as the biggest investment project in Phu Tho. However, after committing to the project, Viet Han has just carried out site clearance on a very small area. The cleared area has also been abandoned by the business. Phu Tho is taking various measures to promote investment. It attracted five foreign direct investment (FDI) projects worth US$14.5 million in the first nine months of 2018. It currently houses projects of about 150 FDI firms with total registered capital of US$1.1 billion. The province aims to attract VND5.5 – 6 trillion of … [Read more...] about Phu Tho province puts an end to billion-USD project