Shares in Asia were trading in negative territory on Friday after a mixed jobs report from the US, which was described by analysts as "solid but far from great". Employment in the US rose by 223,000 in June, while the April and May figures were revised down. The data has dampened expectations for a US Federal Reserve rate hike in September. In Tokyo, the Nikkei 225 share index was down 0.34% at 20,452.04. . In Australia, the S&P/ASX 200 index was down 1.3% at 5,526.80. While in South Korea, the benchmark Kospi index was down 0.42% at 2,098.56. The latest news on the Greek debt crisis was likely to temper investor sentiment on Friday, too, analysts said, after the International Monetary Fund (IMF) said Greece would need an extra €50bn ($55bn) over the next three years to stabilise its finances under the existing, disputed bailout plans. The IMF also cut its forecast for Greek economic growth from 2.5% to zero. Singapore-based business advisor Simon Littlewood from ACG Global … [Read more...] about Asia shares down on ‘far from great’ US jobs report
Bbc news business reporter
Social News Headlines 14/3
Vietnam praised for plane search efforts Many countries have praised Vietnam for its role in the ongoing search for the Malaysia Airlines plane that went missing on March 8 on the way from Kuala Lumpur to Beijing. In an article published in China’s Global Times on March 11, Xu Liping, an expert from the Institute of Asia-Pacific and Global Strategies under the China Institute of Social Sciences, thanked Vietnam for its efforts and active role in the search. According to the article, the operation has received great support from the Vietnamese military and transport forces. A command office was set up on Phu Quoc Island, which is near the plane’s last known location, to coordinate the search. The article also highlighted the fact that Vietnam has been more than willing to join search teams from other countries, and has allowed Chinese vessels to join the operation in Vietnamese waters. Meanwhile, the BBC said that through its search efforts, the Vietnamese Government has … [Read more...] about Social News Headlines 14/3
11th Party Congress in the eye of int’l leaders and reporters
VietNamNet Bridge - The 11th National Congress of the Communist Party of Vietnam (CPV) has received warm applause from international experts and reporters over the past ten days. Nguyen Phu Trong elected as Party Secretary General The list of 200 members of the 11th Party Central Committee 11th Party Central Committee announced They highly appreciated Vietnam’s achievements since the renewal process was launched in 1986 and expressed their belief that with policies and strategies approved at the Congress, and under the sound leadership of the Party, Vietnam will see more significant developments in the future. China’s mass media including the China Central Television, Xinhua News Agency, People’s Daily widely covered the closing session of the Vietnam’s 11th National Party Congress. In an interview with a VOV reporter, Wang Jiarui, Head of the International Liaison Department of the Communist Party of China Central Committee, said the … [Read more...] about 11th Party Congress in the eye of int’l leaders and reporters
BUSINESS IN BRIEF 3/2
NA Vice Chairwoman checks progress of projects in Vung Ang EZ Politburo member and Vice Chairwoman of the National Assembly Tong Thi Phong on February 1 visited and checked the progress of projects in the Vung Ang Economic Zone (EZ) in the central province of Ha Tinh. NA Vice Chairwoman Phong listened to a report by leaders of the Hung Nghiep Formosa Ha Tinh Steel Ltd. Company on the scale and implementation of various projects, including construction of the Formosa Ha Tinh Steel Plant, a thermal power plant, the Son Duong Deep-water Port and the EZ’s infrastructure. She spoke highly of investment contributed by the Formosa Group and the Hung Nghiep Formosa Ha Tinh Steel Ltd. Company boosting economic development of the northern central region and Ha Tinh province. Phong also praised Ha Tinh province’s efforts in conducting site-clearance and resettling residents who were affected by the projects. She urged the company to hasten the projects’ implementation and … [Read more...] about BUSINESS IN BRIEF 3/2
BUSINESS IN BRIEF 19/7
Footwear sector takes big steps Domestic and foreign-invested enterprises (FIEs) in the leather and footwear sector continue to show impressive growth, making Viet Nam the second largest global exporter of footwear. The Viet Nam Leather and Footwear Association (Lefaso), said that in the first six months of the year, the nation's footwear exports jumped 17.8 per cent year-on-year to US$4.8 billion and the value is expected to surpass $11 billion by this year-end, radio The Voice of Viet Nam (VOV) reported. The global demand has risen mainly due to the economic recovery in the US and the EU, said the association, and the free trade pacts expected to be signed will give a further impetus to Viet Nam's leather and footwear exports. The Trans-Pacific Partnership (TPP) Agreement and Viet Nam-EU Free Trade Agreement (VEFTA) are likely to be signed later this year or early next year, and the optimism it is generating has resulted in huge investments in the leather and footwear … [Read more...] about BUSINESS IN BRIEF 19/7