HONG KONG, CHINA - Media OutReach - 18 November 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) announced the acquisition of a majority interest in Turkey's Asav Lojistik Hizmetleri Anonim Sirketi ('ASAV') to further the expansion of its global network and strengthen its international freight forwarding ('IFF') capabilities. Building upon ASAV's competitive advantages of established operations and a diversified mix of domestic and international customers, the acquisition will help Kerry Logistics to gain a major foothold in Turkey and further consolidate its network and capabilities in the region.Founded in 1994 in Turkey, ASAV was ranked No. 1 in Turkey's Top 5 Agents by tonnage flown, according to 2017 and 2018 yearly IATA rankings, offering professional air, ocean and road freight to the market. ASAV has seven offices across the country, including five in Istanbul, one in Bursa and one in Izmir as well as one in Amsterdam in the … [Read more...] about Kerry Logistics Acquires Turkey’s ASAV to Further Expand Global Network and Strengthen International Freight Forwarding Capabilities
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PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14 with more than 2.34 billion shares. (Photo: VNA) HCM City (VNS/VNA) - The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market. The PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14, 2019 with more than 2.34 billion shares. On December 28, 2018, the company cancelled the trading of more than 467.8 million shares on the Unlisted Public Company Market (UPCoM). On January 2, the southern market regulator announced it had approved the listing of the country’s largest ceramics and tile producers Viglacera with more than 448.3 million shares and an unknown debut date. National flag carrier Vietnam Airlines recently filed to list all of its 1.4 billion shares on the southern bourse. The company also plans to terminate its listing on the UPCoM … [Read more...] about HoSE listing remains a gamble
Vietnam Economy Startup innovation expected to drive growth in Ben Tre By Trung Chanh Monday, Nov 18, 2019,17:01 (GMT+7) Startup innovation expected to drive growth in Ben TreBy Trung Chanh Visitors inspect coconut products on display at the Ben Tre Coconut Festival. Startup innovation is seen as one of the key drivers of Ben Tre Province’s socioeconomic development – PHOTO: TRUNG CHANH HCMC – Ben Tre Province is largely defined by its coconut cultivation industry, allowing farmers to escape poverty but not necessarily thrive, yet there is significant room for growth if innovation is introduced and startups are encouraged. In fact, startup innovation is seen as one of the key drivers of Ben Tre Province’s socioeconomic development, Phan Van Mai, secretary of the province's Party Committee, stated at the launch ceremony of the Mekong Innovation Hub on November 16. Speaking at the event, held … [Read more...] about Startup innovation expected to drive growth in Ben Tre
Many pepper farmers in the southern province of Binh Phuoc have switched to other crops to improve their income amid declining pepper prices and disease outbreaks. A pepper orchard in Binh Phuoc Province’s Bu Dop District. Many pepper orchards this year have produced less fruit because of inclement weather and diseases. – VNA/VNS Photo Binh Phuoc Province is one of the country’s largest producers of pepper, which is a key product for the province. Farmer Nguyen Ngoc Tien in Bu Dop District’s Thien Hung Commune planted cashew and pepper before switching to coconut in his 2ha orchard. Coconuts require low costs as farmers only need to buy seedlings and tend to them. The cost of fertiliser and pesticide for coconut farming is much lower than for other crops, according to Tien. Tien harvests about 70-150 coconuts (used for juice) each day and earns about VND1 million (US$43). “Coconuts offer a stable and year-round income,” he said. Besides … [Read more...] about Pepper farmers in Vietnam switch to other crops as price declines
The US-China over artificial intelligence is heating up, but some warn the US could be over-reacting. "China is betting on AI and investing in AI and deploying AI on a scale no other country is doing," says Abishur Prakash, a futurist and author of books about the effect of artificial intelligence (AI) on geopolitics. As developments in AI accelerate, some in the US fear that the ability of China's powerful central government to marshal data and pour resources into the field will push it ahead. The country has announced billions in funding for start-ups, launched programmes to woo researchers from overseas and streamlined its data policies. It has announced news-reading robots and AI-powered strategy for foreign relations. Perhaps most alarming to the US are its efforts to incorporate it into its military. In the last few years, Washington has toughened oversight of Chinese investments, banned US firms from doing business with certain Chinese companies and increased criminal … [Read more...] about Is China gaining an edge in artificial intelligence?