asian shares slip as dollar sits at 15 year lows

Asian shares slip as dollar sits at 15-year lows

HONG KONG, October 12, 2010 - Asian markets were lower Tuesday as traders were given a weak lead from Wall Street, while the dollar stayed at 15-year lows against the yen on expectations of US measures to boost the economy.
court now looms for bitter dispute

Court now looms for bitter dispute

An unsolved dispute between a Hong Kong-backed company and a local firm over a southern Long An province real estate project may be brought to court.
golden westlake accusations

Golden Westlake accusations

Hong Kong-backed Ha Viet Tung Shing, developer of the Golden WestLake apartment project in Hanoi, has been accused by homebuyers of violating apartment management regulations.
vietnam key for hsbc priority

Vietnam key for HSBC priority

HSBC has named Vietnam as one of its top priority markets in the Asia-Pacific region. “Vietnam is a huge potential market. It is one of the emerging markets in Asia-Pacific where we are deeply keen to expand our operations,” HSBC Asia Pacific president and CEO Michael Smith said after an informal shareholders’ meeting in Hong Kong last Tuesday.
hsbc shells out 173m for a techcombank stake

HSBC shells out $17.3m for a Techcombank stake

The Hong Kong and Shanghai Banking Corporation Limited (HSBC), last week, inked a deal to buy 10 per cent of Vietnam Technological and Commercial Joint Stock Bank (Techcombank), the third foreign bank to buy into a Vietnamese lender.
cable project to break new ground

Cable project to break new ground

Hong Kong-based Tricom Asia is revitalising its project to build Vietnam’s fourth submarine cable linking Vietnam and Hong Kong, with expectations that it will sign the country’s first consortium cooperation form with Vietnam’s main telco, Vietnam Post and Telecommunications Corporation (VNPT), after negotiations fell nearly a year behind schedule.
land fund founded

Land fund founded

The Hong Kong-based Indochina Capital Corporation has established Indochina Land Holdings, an offshore real estate fund that will invest in residential, office and hotel properties in Vietnam.
foreign firms get back into office market

Foreign firms get back into office market

Two Hong Kong property companies have announced plans to build office buildings for lease in Ho Chi Minh City as developers regain confidence in a market short on space but where occupancy rates are high.
new player for 12m golf project

New player for $12m golf project

A Hong Kong investor has offered to replace the cash-strapped foreign partner in a high-profile Ha Tay golf course project.