Commences tender offer stock

The race for mergers and acquisitions (M&As) in the real estate industry has continuously increased, with foreign investors sealing many deals in recent months. Vietnam boasting buoyant real estate M&A activities CapitaLand Development revealed on July 14 that it was acquiring a prime mixed-use site in Thu Duc district of Ho Chi Minh City, with an estimated gross development value of $720 million. This 8-hectare project will provide 1,100 apartments and will go into operation in 2027. A couple of weeks previously, Thai retail giant Central Retail also announced that it would invest an additional $869 million in the Vietnamese market, including developing complex projects and commercial centres over the next five years. The group also said that in the coming time, it will maintain the M&A target to accelerate its expansion in the retail real estate sector. Olivier Langlet, general director of Central Retail Vietnam, said, “We see Vietnam as one of the key … [Read more...] about Vietnam boasting buoyant real estate M&A activities

Hu tieu (rice noodles) have long been a must-try dish on any visit to Vietnam’s Mekong Delta, but the five-colored hu tieu in Can Tho City offers visitors a fun twist on the long-standing local specialty. The Cai Rang floating market is one of Can Tho’s most popular tourist attractions, and those who choose to take a boat ride through Cai Rang rarely pass up the opportunity to try the hu tieu sold by Huynh Huu Hoai (Sau Hoai) and his family on the banks of the Rau Ram Canal in the city’s An Binh Ward. What makes Sau Hoai’s hu tieu so popular is his family's unique takes on the dish -- a pizza-inspired version and naturally-dyed one featuring five vibrant colors. Sau Hoai leads three generations of family members each day as they produce hu tieu for hungry tourists and locals alike. Each and every noodle thread produced by Sau Hoai and his family is handmade and sun-dried until their texture reaches the perfect balance of soft and chewy. To ensure that his noodles … [Read more...] about Five-color ‘hu tieu’: New twist on traditional noodle in southern Vietnam

According to Ngo Thi Kim Thanh, senior expert at the Investment Analysis and Consulting Centre for SSI Research, the land lease demand in industrial zones (IZs) continues to secure positive growth for 2022 and beyond. This is attributable to diverse factors such as China’s strict pandemic policy, and reopened borders – paving the way for foreign investors to strike new deals or wrap up land lease procedures which were signed earlier. Prospects abound for land-rich industrial players, Illustrative photo. (Source: VNA) Thanh gave the remarks at a talk show on the charm of real estate tickers, hosted by VIR in Hanoi last week. In the stock market, the performance of real estate tickers is being deemed a bright spot in the context of a lasting market correction since April. During the period, the ticker IDC of IDICO Corporation gained more than 20 per cent, KBC of Kinh Bac Urban Development Corporation rose more than 15 per cent, and VGC of top building material maker … [Read more...] about Prospects abound for land-rich industrial players

A handful of commercial electric vehicle (EV) startups are burning through cash fast, racing to bring vans or trucks to market before the funds run out or customers choose to buy from legacy automakers like Ford Motor Co or General Motors Co. Boosted by investor hunger to create the next Tesla Inc, a clutch of commercial EV makers on both sides of the Atlantic have gone public via reverse mergers with special-purpose acquisition companies (SPACs), raising hundreds of millions of dollars as they sought to emulate Elon Musk's success. These include Arrival Inc , Canoo Inc, Lordstown Motors Corp, Electric Last Mile Solutions Inc (ELMS) and REE Automotive Holding Inc. But investors have soured on EV startups and their ability to compete with legacy carmakers, sending their shares to a fraction of their peak prices. This has raised the pressure to produce working vehicles fast if they want to raise fresh funds in an industry where launching a single vehicle can cost $1 billion. "It's … [Read more...] about Burning cash, commercial EV startups race to deliver vehicles

The ABF Retail Banking Awards are among Asia’s most prestigious banking awards honouring outstanding retail banks that offer innovative products and services and have a positive impact on customers and the banking industry. Techcombank was selected by an esteemed panel of judges based on its achievements during the year and the unique and innovative initiatives the bank introduced. The award for Domestic Bank of the Year Vietnam recognised Techcombank for its new cutting-edge retail banking app that was launched in later 2021 that enables customers to conduct everyday banking on the go. The mobile app also offers a wide range of other outstanding capabilities including instant credit card approvals, automated bill payments, and features that enable customers to track their daily spending habits. Techcombank’s Spark Card is an all-in-one card that can adapt to meet the changing needs of customers all year round and at any stage in life. The award for Credit … [Read more...] about Techcombank shining at ABF Retail Banking Awards 2022

The debate began after the Senate voted 51-50 to move ahead with the legislation. Vice President Kamala Harris broke a tie vote, with all 50 Republicans in opposition. The Senate was set to debate the bill for up to 20 hours before diving into an arduous, time-consuming amendment process called a "vote-a-rama." Democrats and Republicans were poised to reject each other's amendments, as Senate Majority Leader Chuck Schumer maneuvered to keep a his 50-member caucus united behind a bill that was negotiated over several months. If even one Democrat were to peel off, the entire effort would be doomed in the evenly split 50-50 Senate. Earlier in the day, the Senate parliamentarian determined that the lion's share of the healthcare provisions in the $430 billion bill could be passed with only a simple majority, bypassing a filibuster rule requiring 60 votes in the 100-seat chamber to advance most legislation and enabling Democrats to pass it over Republican objections. Democrats hope … [Read more...] about Senate Democrats battle to pass $430 billion climate, drug bill