The company's financial statements for 2018 showed that activities connected to Youtube generated around VND462 billion ($19.93 million) for Yeah1, or nearly 28 percent of its revenues. Profit after tax from these activities were worth VND92 billion ($3.9 million), accounting for more than half of its total profits. The termination came after YouTube claimed SPRINGme Pte. Ltd, a Thai multichannel network (MCN) in which Yeah1 owns 16.93 percent had violated its policies with some of its channel management activities. Yeah1 Group shares plummeted on Monday following Youtube’s announcement, losing 7 percent. The share fell by 7 percent each in the next two trading sessions too. Yeah1 started offering entertainment services combined with advertising after becoming YouTube's MCN partner in 2015. An MCN acts as an intermediary connecting creators of video content and Youtube for a cut. Content creators in return receive benefits such as copyright protection, … [Read more...] about Vietnam media giant could lose $20 mln as Youtube pulls plug on deal
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Mai Linh launches cooperative to attract idle cars Mai Linh Group on November 15 will officially introduce and start the operation of Hoa Binh Xanh Taxi Cooperative in HCMC, which will call for the participation of owners of idle cars. According to the group’s press release, the cooperative is expected to offer more choices to the group’s customers. Early joiners of Hoa Binh Xanh Cooperative will be exempt from the management fee until December 31. They will also receive a uniform, free training courses and practicing certificates. After that, they will have to pay the management fee of only 13.9% of revenues for the duration of their contracts. Hoa Binh Xanh Cooperative will share Mai Linh’s taxi booking app and use call center 1055. The cooperative’s taxicabs will not be forced to have bright colors or be repainted in green, the traditional color of Mai Linh. However, they will have a lightbox highlighting the word “Taxi,” the Hoa Binh Xanh logo … [Read more...] about BUSINESS NEWS IN BRIEF 15/11
A factory of the Tinh Loi Garment Co. Ltd in the Lai Vu Industrial Park in Kim Thanh district, Hai Duong province (Photo: VNA) Hanoi (VNA) – Mechanisms must be established to enhance the capacity of both the Government and local enterprises so that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) can be a resounding success, said Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc. His statement was made after the 14th National Assembly approved a resolution ratifying the CPTPP and related documents with 96.7 percent of the vote on November 12. Loc shared the view of many NA deputies in that it is vital to develop an action programme that can outline an effective roadmap and implement the trade deal. The action programme must develop all possible scenarios to take the initiative in the fulfillment of CPTPP commitments and, at the same time, consult stakeholders to assess the impact of each scenario and what Vietnam will … [Read more...] about Enhanced capacity of govt, enterprises needed to translate CPTPP into success
Canada rejoins talks to stay in NAFTA, deal possible this weekThe Saigon Times Daily Candian Foreign Minister Chrystia Freeland speaks to journalists outside the U.S. Trade Representative's office in Washington, U.S., August 28, 2018 – PHOTO: REUTERS WASHINGTON (REUTERS) - Canada’s top trade negotiator joins her Mexican and U.S. counterparts in Washington on Tuesday in a bid to remain part of a revamped trilateral North American trade pact, as U.S. officials expressed optimism a deal could be reached this week. But Ottawa will be under pressure to accept new terms on autos trade, dispute settlement and intellectual property rules after the United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA). U.S. President Donald Trump warned he could proceed with a deal with Mexico alone and levy tariffs on Canada if it does not come on board with the revised trade terms. A spokesman for Canadian Foreign Minister Chrystia … [Read more...] about Canada rejoins talks to stay in NAFTA, deal possible this week
U.S. President Donald Trump said last week he would reconsider joining the landmark Trans-Pacific Partnership (TPP) trade agreement, if it were a “substantially better” deal than the one offered to President Barack Obama. Here is a look at the state of play in the negotiations and the conditions needed to be in place for the United States to join an agreement Trump scrapped as soon as he took office. What are the TPP and CPTPP? The original 12-member agreement was known as the TPP. It was a signature trade policy of Obama, but he was unable to secure Congressional support for the deal. It was thrown into limbo when Trump withdrew from the deal three days after his inauguration in January 2017, a move he said was aimed at protecting U.S. jobs. Following the U.S. withdrawal, the remaining 11 countries renegotiated parts of the TPP, removing some of Washington’s demands. In March, they signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership … [Read more...] about Trump says US could rejoin TPP if deal improved. How hard would it be?