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VIENTIANE (Vientiane Times/ANN): The construction of the 113.50km expressway linking Vientiane and Vangvieng is now over 70 per cent complete and authorities expect an official handover ceremony to take place at the end of this year.
BANGKOK (The Nation/ANN): Thailand’s Board of Trade (BoT) has suggested that the government either join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or sign a free trade agreement (FTA) with the European Union as soon as possible before foreign investors start flocking to other countries like Vietnam.
SYDNEY: Chinese investment to Australia more than halved in 2019 and it would continue to fall this year due to the coronavirus outbreak and negative perceptions around government screenings of such inflows, says a report by KPMG and the University of Sydney.
HONG KONG: Hong Kong stock exchange’s boss called for confidence that the city will maintain its “undisputed” role as Asia’s financial nave, even as it battles the fallout from the coronavirus outbreak and political unrest.
BEIJING/SHANGHAI: Chinese shares closed lower on Thursday as investors worried about a prolonged recovery in the economy, while awaiting more active stimulus policies to cushion the blow from the Covid-19.
SEOUL: Foreign investors sold South Korean stocks for three straight months to April on worry about the Covid-19 (coronavirus) outbreak across the world, financial watchdog data showed Monday (May 11). Foreigners sold a net 5.39 trillion won (US$4.4 billion) worth of local shares in April.
IF working from home during the pandemic has shown anything, it’s that apartments and houses are our castles, like it or not. Hong Kong is emerging from a semi-lockdown (restaurants open, schools shut, workers everywhere on the home-office spectrum) and it’s clear that investors see refuge in housing, too.
Government and corporate leaders will have their preparation and resolve tested when the world limps out of lockdown.
PHNOM PENH, April 13 (The Phnom Penh Post/ANN) -- The second round of negotiations for a Cambodia-China Free Trade Agreement (FTA) highlighted the potential for expanding trade, investment, services, and strengthening cooperation between the two countries in the upcoming years, Ministry of Commerce secretary of state Sok Sopheak said in a press release.
BEIJING (Xinhua): China scrapped the limits on foreign shareholding in securities and fund management firms on Wednesday (April 1), a move that shows a wider opening-up of its financial industry.