Hotels in Bangkok's bustling old town, home to a backpacker enclave favoured by foreign tourists, are booked up as Thailand prepares to host the lavish funeral of its revered King Bhumibol Adulyadej next week, the hotel association said on Monday. The funeral of King Bhumibol, who died on Oct. 13 last year after seven decades on the throne, will run for five days next week, with most events centering on the Grand Palace and Sanam Luang, a public square in the historic quarter. About 250,000 mourners are expected to attend the funeral, which will feature gold-tipped pavilions built for the occasion, and Oct. 26, the day of the cremation, has been declared a national holiday. "Many Thais wishing to attend the cremation feel it would be more convenient having a place to stay nearby, so most hotels have been booked out already," Supawan Tanomkieatipume, president of the Thai Hotels Association, told Reuters. A Reuters survey of three hotels on the Khao San Road, the main artery of the … [Read more...] about Thai hotels booked up ahead of funeral of revered king
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Apple slams Qualcomm suit seeking iPhone ban in China
Apple has rejected as "meritless" a legal move by Qualcomm to ban iPhone sales in China, the latest salvo in a bitter patent battle between the two U.S. tech giants. Bloomberg News reported on Saturday that Qualcomm had filed a lawsuit in Beijing seeking a ban on the assembly and sale of iPhones in China -- a vital Apple manufacturing base and sales market. The two California companies are fighting over Apple's claims that Qualcomm is abusing its market power over certain mobile chipsets in order to demand unfair royalties. Apple filed a U.S. lawsuit to that effect in January and has joined efforts in other countries where Qualcomm faces probes from antitrust authorities. Qualcomm has countersued Apple for the royalties. In response to Qualcomm's Beijing suit, Apple said in a statement: "This claim is meritless and, like their other courtroom maneuvers, we believe this latest legal effort will fail." AFP was not immediately able to obtain a copy of Qualcomm's … [Read more...] about Apple slams Qualcomm suit seeking iPhone ban in China
Deputy PM: Culture is basis for sustainable corporate development
NDO - Deputy Prime Minister Truong Hoa Binh emphasised that corporate culture should be considered as the foundation for the sustainable development of enterprises, and the economy as a whole, in the current period of international integration. He made the statement at the forum entitled 'Corporate Culture - Basis for Sustainable Development' held in Ho Chi Minh City on October 15. "Corporate culture is the essence of a brand and represents the difference in the value of enterprises. A good brand is not only the asset of an enterprise but is also a national treasure", Deputy PM Binh stated. According to the Deputy PM, the Vietnamese enterprise community have made great efforts in building and developing corporate culture in the spirit of respecting the law, enhancing business ethics, showing responsibility towards society and following healthy competition which have significantly contributed to improving the brand, image, and sustainable development of enterprises and the … [Read more...] about Deputy PM: Culture is basis for sustainable corporate development
Foreign air carriers rush to open new air routes to Vietnam
VietNamNet Bridge - Foreign air carriers are opening new air routes to Vietnam to keep up with their competitors. Foreign air carriers are opening new air routes to Vietnam to keep up with their competitors. Opening the Da Nang – Bangkok in May 2016, Bangkok Airways provided two flights a week. Since February 2017, one flight has been provided daily. RELATED NEWS Rate of flight delay, cancellation at 12.1 percent in August Vietnam Airlines may open direct flights to US next year Thanh Lich … [Read more...] about Foreign air carriers rush to open new air routes to Vietnam
Promotional programs launched for Vietnamese Women’s Day
Big C supermarket system has applied 50 percent discount on 1,000 beauty care products of 200 famous brand names and offered gift boxes for women with reasonable prices. Similarly, Lotte Mart supermarket chain has organized a string of promotional and beauty care programs with prestigious cosmetic products. Customers also have a chance to buy over 150 essential products best-selling at Lotte Mart such as food, beverage, home appliances and fashion items at preferential prices. In addition, a lot of fashion shops of various brand names at commercial centers in the city have started many promotional programs with the discount of 20-30 percent a product or presents for women.By HAI MIEN – Translated by Hai Mien … [Read more...] about Promotional programs launched for Vietnamese Women’s Day
Vietnam exports one million, imports four million tons of fertilizers
They mainly export urea, SA, kali, DAP, NPK and some others. NPK accounting for 40 percent of export volume and value. Major markets are Asian nations including the Philippines, Malaysia, Thailand, Laos and South Korea. Meantime, SA and kali are two largest import items because Vietnam has no kali mine so it has been unable to produce SA fertilizer and completely depended on import. China is the largest fertilizer supplier accounting for nearly 50 percent of Vietnam’s total import volume. By DANG LAM - Translated by Hai Mien … [Read more...] about Vietnam exports one million, imports four million tons of fertilizers
The ambitious businessmen dreaming of int’l success
VietNamNet Bridge - Following initial success, some Vietnamese businessmen have made daring decisions pouring trillions of dong into huge projects, vowing to turn their conglomerates into businesses of international stature. Nguyen Duc Tai, president of MWG Nguyen Duc Tai, president of MWG, the mobile phone distribution chain, has successfully persuaded MWG shareholders to allocate a budget of VND2.5 trillion to expand its home appliance distribution chain and build a drugstore chain. Following initial success, some Vietnamese businessmen have made daring decisions pouring trillions of dong into huge projects, vowing to turn their conglomerates into businesses of international stature. Quang has caught attention from the public with the statement that he will not hesitate to confront technology giants, or manufacturers in … [Read more...] about The ambitious businessmen dreaming of int’l success
Stock uptrend likely despite divergence
Stock analysts have predicted the market will likely extend gains this week but divergence will continue in the context of third-quarter earning reports. Investors at ACB Securities Co. Ltd’s office in Hanoi The VN-Index on the Ho Chi Minh Stock Exchange rose 1.63 percent in all five trading sessions last week, closing October 13 at 820.95 points. The benchmark index has expanded over 2 percent since the beginning of this month. On the Hanoi Stock Exchange, the HNX-Index increased 1.05 percent last week, ending October 13 at 109.11 points. The northern market index edged up 1.3 percent since early October. Liquidity also improved with an average of 188.7 million shares worth a combined 3.8 trillion VND (167.4 million USD) being traded per session on the two exchanges. These figures represented growth of 10.2 percent in trading volume and 22.6 percent in trading value compared to the previous session. However, … [Read more...] about Stock uptrend likely despite divergence
VERP research: Growth up, inflation too
Production chain at the Kien Giang Import & Export Joint Stock Company in Kien Giang province.(Source: VNA) Hanoi (VNA) - Research findings by the Vietnam Institute for Economic and Policy Research (VEPR) show that Vietnam’s economic growth in the third quarter was the highest in seven years, though overall inflation also started inching up in August and continued throughout September after a sharp decline since the start of the year. According to Nguyen Duc Thanh, VEPR director, quarterly growth for the third quarter gross domestic production was 7.46 percent, an improvement of 0.27 percentage points from the second quarter, with a forecast of 7.12 percent for the fourth quarter, bringing the expected annual growth rate to 6.64 percent. In particular, agricultural and service sectors have improved their performance, with construction and … [Read more...] about VERP research: Growth up, inflation too
Ariyana Da Nang convention centre inaugurated
Prime Minister Nguyen Xuan Phuc at the inauguration ceremony (third from left) (Source: VNA) Da Nang (VNA) – The Ariyana Da Nang Exhibition and Convention Centre was officially inaugurated and put into use in the central city of Da Nang on October 15 in the presence of Prime Minister Nguyen Xuan Phuc. The centre is a key project to serve the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week scheduled to take place from November 6-11. Construction of the centre started in March 2016 and was completed ahead of schedule after 22 months. Covering an area of 12,000 sq.m, the Ariyana centre is connected with the Furama Da Nang International Convention Palace. It is the largest conference and workshop complex in Vietnam, accommodating up to 5,000 seats and 15 functional rooms, with a grand ballroom alone offering 2,500 seats. … [Read more...] about Ariyana Da Nang convention centre inaugurated
