HONG KONG, CHINA - Media OutReach - 9 December 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) has for the second consecutive year secured the Platinum Award, the highest honour of The Asset ESG Corporate Awards (the 'Awards', formerly known as The Asset Corporate Awards), as well as the Best Investor Relations Team Award for the first time. Kerry Logistics won the Platinum Award for its laudable efforts in achieving corporate sustainability, with strong management acumen and stringent governance reflected in its financial performance. It also received the Best Investor Relations Team Award in recognition of its investor relations team in new initiatives launched, facilitating outreach and enhancing communication with investors and analysts. William Ma, Group Managing Director of Kerry Logistics, said, "We are grateful to The Asset for acknowledging Kerry Logistics' dedication to the environment, to social responsibilities and to upholding … [Read more...] about Kerry Logistics Secures Accolades at The Asset ESG Corporate Awards for the Second Consecutive Year
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Thai groups have invested in many business fields in Vietnam, from goods production to retail. The takeover of Sabeco, the brewer, and Binh Minh Plastics are two of the recent biggest deals made by Thai investors. Sabeco brings big money to Thai billionaire A report released on September 30 showed that Thaibev is holding 53.58 percent of Sabeco’s shares. Sabeco became the major driving force for Thaibev’s growth in the fiscal year commencing in October 2018 and ending in September 2019. The Thai group reported sharp growth rates in revenue (16 percent) and profit (33 percent). Sabeco’s sales increased by 44 percent, making an important contribution to Thaibev’s business performance. If not counting Sabeco’s achievements, the international beer sales will decrease compared with the same period last year because of weakening activities in ASEAN. Binh Minh Plastics prospers Kim Chi Heineken sells 5.2 million Sabeco's stocks Heineken is … [Read more...] about How do enterprises perform after they are bought by Thai firms?
All bets placed on Phu Quoc casino, illustration photo source AFP Key points of Vietnam’s casino legislation Casino operation - Casino operators must open registers or issue electronic cards to monitor visitors leaving and entering their premises. These registers or electronic cards must be kept for a minimum of two years for inspections by local authorities if required, or five years for operators which are permitted to allow Vietnamese citizens. - Dossiers for Vietnamese citizens to present their financial abilities to play in casinos according to Article 12 of Decree 03 need to contain one of the following documents: - Documents proving taxable incomes of Level 3 or higher as prescribed in the Law on Personal Income Tax: A certified copy of the personal income tax declaration already finalised or finalised by the tax office, or a confirmation of tax obligations by tax authorities proving that players have had taxable incomes of Level 3 or higher for one year … [Read more...] about All bets placed on Phu Quoc casino
Vietnam loses $800 million every year from local gamblers going to other countries, Photo: Le Toan The Ministry of Finance (MoF) is currently revising Decree No.03/2017/ND-CP governing the casino business in Vietnam to cut a number of investment conditions on segments such as casinos, lotteries, and betting. If approved, this revised decree will expectedly be a boon for investors implementing registered projects. Regarding lottery, electronic games for foreigners, and casinos alone, the MoF proposed to cut eight conditions and simplify two. Electronic gaming services for foreigners would have three fewer conditions, while casinos would be subject to one fewer condition, with an additional condition simplified. In addition, horse and dog racing would see two conditions removed and four simplified. Up until Decree 03 was issued in January 2017, after about a decade of waiting, only people with foreign passports were permitted to play in Vietnam’s casinos and … [Read more...] about Revised casino decree to further relax restrictions
Deputy Prime Minister Vu Duc Dam speaking at the opening ceremony of TechFest TechFest is the biggest annual event for the startup community, organised in accordance with the scheme on supporting the national innovative startup ecosystem to 2025, which was approved by the prime minister in 2016. During the past four years, the annual TechFest events have covered numerous economic sectors, uncovering opportunities and unclogging bottlenecks. Themed “Vietnam: Globalise”, TechFest 2019 aimed to attract resources, manpower, technology, and finance to support Vietnamese startups and to become a platform connecting the Vietnamese startup ecosystem with that of the world. Techfest 2019 has drawn the participation of over 300 businesses and startups, 100 ventures and investors, as well as 200 speakers and experts to attend until November 6, with activities such as a startup exhibition, technology showcase, investor and startup matching, and startup contests. Full of praise for … [Read more...] about TechFest to unlock potential of startups