March, 2019

• 30 March

  Global Village world’s first ‘entity’ to get five-star safety rating

  

  DUBAI / WAM Global Village, the world’s leading multicultural festival park and the region’s first family destination for culture, shopping, and entertainment, announced that it had successfully completed the prestigious best practice Five-Star Occupational Health and Safety Audit conducted by the British Safety Council. It is the world’s first entertainment destination to achieve this grading and is setting benchmarks for ...

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• 30 March

  Unfair treatment of Huawei could damage Japan ties: China

  

  Bloomberg Japan’s restrictions on Chinese technology could damage bilateral ties, a Chinese Commerce Ministry spokesman said in a warning that comes as the US has been pushing its allies to bar Huawei equipment from telecommunications networks as a security threat. Japan is preparing to announce the allocation of bandwidth for 5G communications next month and the tension over telecommunications with ...

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• 30 March

  Grab plans to double Singapore staff to 3,000 by end-2020

  

  Bloomberg Grab, Southeast Asia’s biggest ride-hailing company, plans to double its staff in Singapore to 3,000 by the time it moves into new headquarters next year. Grab signed an 11-year lease for new offices in a development by Ascendas Real Estate Investment Trust. The Singapore-based startup has a five-year renewal option and will occupy all of the building, which has ...

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• 30 March

  Bithumb detects abnormal withdrawals from exchange

  Bloomberg South Korea’s Bithumb said it detected abnormal withdrawals of the company’s coins from its cryptocurrency exchange. The incident was found through the company’s abnormal-trading monitoring system in Seoul, it said. The exchange then halted cryptocurrency deposits and withdrawals and moved investor assets to a so-called cold wallet, which is disconnected from the internet and less vulnerable to theft, and ...

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• 30 March

  Hon Hai quarterly profit tops estimates

  

  Bloomberg Hon Hai Precision Industry Co, the biggest assembler of iPhones, posted fourth-quarter profit that beat analyst estimates as billionaire Terry Gou cuts costs at his manufacturing giant. Net income was NT$62.6 billion ($2 billion) in the three months ended December, Hon Hai said in a filing. That compares with the NT$36.6 billion average of estimates compiled by Bloomberg. Hon ...

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• 30 March

  Indonesia to close island to prevent ‘dragon’ smuggling

  

  Bloomberg Indonesia will close an island inhabited by endangered komodo dragons following reports of rampant smuggling of the giant lizards, the Tempo reported. Komodo Island in Manggarai Barat in East Nusa Tenggara province will be shut to tourists from January, the newspaper reported, citing Marius Jelamu, a spokesman for the provincial administration. The decision was taken after consulting the environment ...

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• 30 March

  Job seekers in Japan witness best market in decades

  Bloomberg Japan’s remarkably tight labour market just got even tighter. The jobless dipped again to around the lowest in almost three decades while the number of jobs available for each applicant has remained at a 44-year high since last year. Even in easy going sub-tropical Okinawa, which has traditionally lagged mainland Japan in economic development, the ratio is near a ...

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• 30 March

  Australia, Singapore crack down on online media

  

  Bloomberg Governments in the Asia Pacific region are accelerating efforts to fight malicious use of online media, unveiling laws that make it easier to target websites which enable distribution of criminal or fraudulent content. Australia said it will legislate “tough” new laws to prevent social-media platforms from being “weaponised” by terrorists and extremists who may use them to live-stream violent ...

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• 30 March

  Trump doubles down on Keystone pipeline with new permit

  

  Bloomberg President Donald Trump issued a new permit for TransCanada Corp’s controversial Keystone XL pipeline, circumventing a court ruling that blocked a previous authorisation by his State Department. The move aims to undercut legal challenges to the $8 billion project, including a November ruling by a Montana-based district judge that faulted the State Department’s previous environmental analysis, according to a ...

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• 30 March

  Lyft IPO’s biggest winner may be startups’ private valuations

  

  Bloomberg Tech unicorns got a bounce in their step with Lyft Inc’s initial public offering valuing it at $22.4 billion after its first day of trading. Ride-hailing’s No. 2 provider in the US first raised its target range and then expanded its offering to raise $2.34 billion. While the shares closed up only 8.7 percent compared with the 21 percent ...

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