Tuesday , November 5 2024

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China Evergrande ordered to liquidate, owing $300B

China Evergrande ordered to liquidate, owing $300B

A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande, the world’s most indebted developer with more than $300 billion of total liabilities, sent a …

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Singapore keeps monetary policy unchanged as inflation slows

Singapore keeps monetary policy unchanged as inflation slows

Singapore’s central bank on Monday kept its monetary policy settings unchanged, as expected, in its first review of the year as inflation pressures continued to moderate and growth prospects improved. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy …

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Chinese customers get into bar fight in downtown HCMC

A bunch of Chinese customers got into a pitched battle with security guards at a bar in HCMC’s District 1 on early Sunday morning after being told to leave. According to the police, there was a quarrel inside the bar on Thu Khoa Huan Street between the 10-strong Chinese group …

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Hanoi’s first bicycle-exclusive route to open February

Hanoi is working on a bicycle-exclusive road spanning 4 km through Cau Giay and Dong Da Districts, getting it ready to open on Feb. 1. Dozens of construction workers have been working on the lane, situated along To Lich River. While some clean up the environment, others draw markings and …

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Northern Vietnam to rain as Tet arrives

A mass of cold air will hit northern Vietnam starting Feb. 6 as Tet arrives, bringing cold and rain to the region. Vu Van Thang, director of the meteorology-climate research center under the Institute of Hydrology and Meteorology Science and Climate Change, said northern Vietnam would enjoy warm sunny days …

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Tet gifts for workers come with credit card requirement

Workers at several unions have been told they will receive Tet gifts worth VND300,000 ($12), under the condition that they open a credit card with a finance firm. Earlier this month, Tuan, president of a workers’ union in Dong Nai Province, received 150 Tet gifts, each worth around VND300,000, from …

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