VinaCapital officially ends investment in poultry firm Ba Huan Ba Huan JSC, the country's leading pasteurized eggs and poultry meat producer, has decreased its charter capital from VND280 billion (US$12 million) to VND222 billion (US$9.53 million), effectively ending the involvement of VinaCapital, one of the two largest asset management firms in Vietnam, with the company. This results in an increase in the stake holding of domestic shareholders from 66.2% to 83.6%, of which Ba Huan's Director Pham Thi Huan owns 64%. In Feburary, VinaCapital`s flagship fund Vietnam Opportunity Fund (VOF) invested US$32.5 million to acquire a significant minority stake in Ba Huan. However, in early July, Ba Huan sought Prime Minister Nguyen Xuan Phuc's intervention in terminating its partnership with VinaCapital. The firm said there were differences between the English and Vietnamese versions of the agreement and the terms were not what the two parties had agreed initially. Among … [Read more...] about BUSINESS NEWS IN BRIEF 10/10
How much renewable energy does the uk use
GE’s ultra supercritical technology transforms Malaysian energy scene
Powering on: unfathomable depths under the surface If you live in a place where the lights turn on with a flip of a switch, you might take electricity for granted. You might not think much of the technology, systems, networks, and government bodies that make power, and specifically electricity, possible. However, there is a great deal going on behind the light switch that you should be aware of because electricity is fundamental to modern life, it keeps us safe and healthy and helps economies around the world grow. As the World Bank reminds us, “Energy is inextricably linked to every other sustainable development challenge.” But today, there are still more than 1 billion people around the world who do not have access to electricity, and even more who do not have access to reliable electricity. As organisations and governments work together to improve access to electricity, the way we produce electricity is shifting. The fact is that the rapidly decreasing cost of renewable … [Read more...] about GE’s ultra supercritical technology transforms Malaysian energy scene
BUSINESS IN BRIEF 5/6
Vietnam eager to develop Lien Chieu deep seaport The government has been urging the authorities to appraise Lien Chieu Seaport, showing strong support and promising smoother sailing for the project. Deputy Prime Minister Trinh Dinh Dung recently urged the Ministry of Planning and Investment (MPI) to appraise the capital sources and mobilisation methods of investment capital at Lien Chieu port. Besides, the DPM assigned the Danang People’s Committee to complete the pre-feasibility report for the project after the city studied MPI’ appraisal. Based on reports of MPI and Danang city, the Ministry of Transport (MoT) was asked to build the investment planning evaluation report to submit the prime minister for approval. The assignment of the DPM shows Vietnam’s eagerness to develop the Lien Chieu Seaport project, which is considered one of two key projects that aim to boost the central city as a main logistics centre in the ASEAN and the East-West Economic Corridor (EWEC) … [Read more...] about BUSINESS IN BRIEF 5/6
Europeans work to save Iran deal, and business, after Trump pulls out
Dismayed European allies sought on Wednesday to salvage the Iran nuclear deal and preserve their Iranian trade after President Donald Trump withdrew the United States from the landmark accord and ordered sanctions reimposed on Tehran. “The deal is not dead. There’s an American withdrawal from the deal but the deal is still there,” French Foreign Minister Jean-Yves Le Drian said. But Iranian President Hassan Rouhani, a pragmatist who helped engineer the 2015 deal to ease Iran’s economically crippling isolation, told French counterpart Emmanuel Macron in a phone call that Europe had only a “limited opportunity” to preserve the pact, the Iranian Students’ News Agency reported. “(Europe)... must, as quickly as possible, clarify its position and specify and announce its intentions with regard to its obligations,” ISNA quoted Rouhani as telling Macron. Macron, who like other European leaders had lobbied Trump to keep the agreement that … [Read more...] about Europeans work to save Iran deal, and business, after Trump pulls out