Corporate

Uber quarterly loss jumps as it invests in 'big bets', photo AFP The San Francisco-based smartphone ride star reported it lost US$891 million on net revenue of US$2.8 billion, while overall bookings rose to US$12 billion. "We had another great quarter, continuing to grow at an impressive rate for a business of our scale," said Uber chief executive Dara Khosrowshahi. He added that Uber is investing in "big bets" including restaurant take-away delivery service Uber Eats and "environmentally friendly modes of transport" like Express Pool, e-bikes and scooters. The company is also devoting resources to what it sees as high-potential markets in India and the Middle East, according to Khosrowshahi. Uber has made a practice of disclosing its earnings, despite not being required to since it is a private company. It said in May that its revenue revved up in the first quarter of this year and that its value climbed to US$62 billion in a new funding round. The company said its net revenue in … [Read more...] about Uber quarterly loss jumps as it invests in ‘big bets’

Tesla shares fall on reports of SEC subpoena, JOSH EDELSON AFP/Getty Images Shares finished down 2.6 per cent at US$338.69 after news of the formal demand for information was published by Fox Business and The New York Times. Shares fell as much as 4.5 per cent earlier in the session. The development suggests the oversight by the US Securities and Exchange Commission - which was characterised in previous news articles as an inquiry - has "advanced to a more formal, serious stage," said The Times, which cited a person familiar with the matter. A subpoena "typically requires the approval of top SEC officials," the newspaper added. A Wall Street Journal story published after the stock market closed said the subpoena sought information from each of Tesla's directors. A Tesla spokesperson declined comment. Musk has been under scrutiny after disclosing a proposal to take the company private on Twitter and saying that financing for a transaction was "secured," a claim that analysts viewed … [Read more...] about Tesla shares fall on reports of SEC subpoena

Corporate VNA offers 15% discount on online bookings By Van Ly Wednesday,  Aug 15, 2018,17:04 (GMT+7) VNA offers 15% discount on online bookingsBy Van Ly A Vietnam Airlines aircraft is seen at an airport in Vietnam. VNA has launched special deals on fares, offering customers a 15% discount for booking tickets online – PHOTO: LE ANH HANOI – National flag carrier Vietnam Airlines (VNA) has launched special deals on fares, offering customers a 15% discount for booking tickets online via the airline’s website at www.vietnamairlines.com from August 15 to September 13. VNA, the National Payment Corporation of Vietnam (NAPAS) and 34 commercial banks in the country jointly launched the promotional program, offering 10,000 discounted fares under promo codes that are valid for both domestic and international flights departing on Tuesdays, Wednesdays and Thursdays during the promotional period. Of this, 2,000 units … [Read more...] about VNA offers 15% discount on online bookings

Samsung Pay to offer free money transfer serviceBy Hung Le Kim Cheol Gi, general director of Samsung Vina, introduces the Galaxy Note 9 at a launch ceremony on August 14 - PHOTO: HUNG LE HCMC – Local customers can use a Samsung Pay card to conduct payment transactions and transfer money free of charge from early September, a representative of Samsung Vina Electronics said at Galaxy Note 9 launch ceremony held on August 14. The representative revealed that the feature will be available on the mobile payment system, Samsung Pay, of the Galaxy Note 9 and other Samsung smartphones. In particular, users will be able to easily transfer money from Samsung Pay cards to various bank accounts, including some banks beyond the ecosystem of Samsung Pay. Samsung Pay subscribers will benefit from the service for a year from the launch date. Nguyen Quang Hien Huy, deputy general director and executive director of Samsung Vina, stated that the new functions for Samsung Pay were … [Read more...] about Samsung Pay to offer free money transfer service

AkzoNobel Vietnam joined the 25th Mua He Xanh campaign AkzoNobel Vietnam has been particularly enthusiastic about the Mua He Xanh 2018 campaign, as it appreciated the spiritual meaning of the wall painting and drawing initiative which helps refresh the exteriors of old apartment buildings and alleys in the city. With the donated paint, Mua He Xanh volunteers have repainted and decorated the walls of 60 urban alleys and three old apartment buildings in Ho Chi Minh City. The Mua He Xanh campaign is a summer-time specialty of Ho Chi Minh City. The enthusiastic young volunteers have brought practical and meaningful contributions to the community. On the occasion of its momentous 25th anniversary, the Mua He Xanh 2018 campaign was held with a special plan including many valuable and humane activities. Many activities have been implemented, such as building bridges, making concrete roads in rural areas and urban alleys, repairing houses for the poor, changing the appearance of old … [Read more...] about AkzoNobel Vietnam joins Mua He Xanh to redecorate Ho Chi Minh City