September, 2019

• 14 September

  Philippines to move its mint outside Manila

  Bloomberg Congestion and constant flooding in the Philippine capital are prompting the central bank to move its mint away from the city. Bangko Sentral ng Pilipinas signed a deal to relocate its production facility for coins and bank notes to New Clark City, a former US air base where the government is building a back-up capital. “We will build facilities ...

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• 14 September

  Indonesia detects 4,000 haze hotspots

  

  Bloomberg More than 4,000 hotspots were detected in the central and western parts of Indonesia as authorities deployed thousands of personnel to fight the fires that are contributing to a haze blanketing parts of Southeast Asia. Indonesia said it has sealed off dozens of plantations, including concessions owned by foreign companies. In what has become a ritual once the haze ...

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• 14 September

  Firms fleeing Hong Kong look to Singapore

  Bloomberg Almost a quarter of businesses in a new survey are thinking of leaving Hong Kong to escape ongoing protests, with most looking to Singapore as their favoured location. Some 23 percent of surveyed companies with an office in Hong Kong are considering moving business functions from the city, while 1 percent already have plans to relocate, according to the ...

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• 14 September

  HK protests: Property hunters grab bargains

  

  Bloomberg It looked like the perfect investment opportunity. A mostly vacant shopping center with scant competition serving a middle-class neighbourhood far from Hong Kong’s city centre. With a makeover, Wang Tse thought, there could be good foot traffic, but the asking price was too high. That was in 2017, and property tycoon Li Ka-shing had just sold a skyscraper for ...

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• 14 September

  Nigeria LNG in talks with lenders for $10bn loan

  

  Bloomberg Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for the balance, Chief Executive ...

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• 14 September

  India mulls selling stake in refiner to overseas oil firm

  Bloomberg India is considering a plan to sell the nation’s second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp., people with knowledge of the matter said. The government is keen to lure multinational companies in the domestic fuel retailing to boost competition and shake ...

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• 14 September

  Venezuela having trouble findings ships to move oil

  

  Bloomberg Exports of sanction-hit Venezuelan oil now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro. Shipowners are avoiding transporting Venezuelan oil for fear of being sanctioned and losing insurance coverage on their vessels, according to people with knowledge of the situation. The lack of vessels may take a ...

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• 14 September

  Carcinogen in Zantac, generics triggers FDA, EU investigates

  

  Bloomberg Global health regulators sounded a coordinated alarm about the possibility that a stomach drug taken by millions of people could be tainted with the same cancer-causing agent that has sparked a worldwide recall of blood-pressure pills. Drug-safety officials in the US and Europe said that they were looking into whether Sanofi heartburn medication Zantac and generic versions made by ...

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• 14 September

  Apple nears record as market cap crosses $1tn

  

  Bloomberg Apple Inc shares rose for a fourth straight session, with the iPhone maker hitting its highest level since October as investors continued to feel bullish about the company’s recent product event. Shares gained as much as 1.3 percent on the day and have risen nearly 17 percent off a low hit in August. The rally puts the company less ...

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• 14 September

  US’s Amtrak derailment victims to get $16.75m

  Bloomberg A jury has awarded three plaintiffs injured in a 2017 Amtrak derailment outside DuPont, Washington a total of $16.75 million in damages, Luvera Law Firm said in a statement. The plaintiffs, Dale Skyllingstad, Blaine Wilmotte and Madison Wilmotte, are the first group of victims to take the railway carrier to trial for the incident that killed three men and ...

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