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Newpaper24 - Global online News around the World e044d252-3c8f-11e8-b6d9-57447a4b43e5_image_hires_163012 Will new provide in West Kowloon dampen Hong Kong’s file workplace rents? - NEWPAPER24  Newpaper24 - Global online News around the World e044d252-3c8f-11e8-b6d9-57447a4b43e5_image_hires_163012 Will new provide in West Kowloon dampen Hong Kong’s file workplace rents? - NEWPAPER24

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Will new provide in West Kowloon dampen Hong Kong’s file workplace rents? – NEWPAPER24

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Will new provide in West Kowloon dampen Hong Kong’s file workplace rents?

2018-04-10 11:02:29


In his newest funds, Hong Kong’s Monetary Secretary Paul Chan Man-po has designated the land plot above the West Kowloon Categorical Rail Hyperlink (XRL) terminal to be up on the market. The location will generate a considerable quantity of grade A workplace house that’s greater than double the present inventory within the space.

With the opening of the terminal this 12 months, this upsurge of house is ready to have a huge effect on the workplace market in West Kowloon within the brief time period, which is able to unfold to all the Tsim Sha Tsui space and different enterprise districts in Hong Kong in the long run.

The topside growth challenge of the XRL will probably be big, providing a complete gross ground space (GFA) of round 3.16 million sq. ft. About 90 per cent of that, or round 2.eight million sq ft, will probably be workplace house. This, along with the present 2.four million sq ft of the Worldwide Commerce Centre close by, will immediately remodel West Kowloon from a one-building district to a brand new enterprise hub that’s one subway cease away from the normal enterprise district in Central.

Newpaper24 - Global online News around the World  Will new provide in West Kowloon dampen Hong Kong’s file workplace rents? - NEWPAPER24  From a distinct perspective, this mixed 5.2 million sq ft will probably be thrice the GFA of One Island East tower in Quarry Bay. And if we add on the 1.79 million sq ft workplace house on the Olympic Station one cease away, this new enterprise space is already on par with the workplace cluster round Taikoo Place on the jap facet of the Hong Kong Island.

What this implies is that we are going to have a brand new workplace hub, another decentralised space, simply throughout the slim waterway from Central, geographically competing with the likes of Island East.

Island East affords a rental benefit over West Kowloon with its prime rents some HK$100 (US$12.74) decrease than Central’s, whereas ICC at the moment enjoys nearly HK$40 low cost. The big new provide, nonetheless, will slim that distinction.

Cultivating a business-friendly surrounding may even take time, one thing that won’t essentially work in West Kowloon’s favour in the intervening time

That mentioned, growing a brand new enterprise district would require greater than cautious planning. Cultivating a business-friendly surrounding may even take time, one thing that won’t essentially work in West Kowloon’s favour in the intervening time.

What it should profit from are the XRL station and the excessive pace prepare line itself. With doubtlessly solely a 20-minute journey from the Futian central enterprise district in Shenzhen, the southern Chinese language metropolis subsequent to Hong Kong, there may be potential occupational demand from mainland corporations seeking to faucet into Hong Kong’s cash market. The improved connectivity will present a linkage between the most effective of the Better Bay Space’s hi-tech business and Hong Kong’s monetary energy. And West Kowloon is sitting proper on the gateway of this linkage. This isn’t one thing that Island East, or another decentralised space in Hong Kong, can compete with.

Newpaper24 - Global online News around the World  Will new provide in West Kowloon dampen Hong Kong’s file workplace rents? - NEWPAPER24  Let’s not overlook that West Kowloon may even bear another large adjustments within the coming years, not solely is it being remodeled into a brand new enterprise hub, but additionally a world-class arts and leisure venue. The theatres, museum and park within the West Kowloon Cultural District will probably be accomplished one after one other alongside the XRL station challenge. West Kowloon will turn out to be a hotspot for native residents and vacationers, with iconic buildings and gorgeous panorama.

Let’s additionally hope that this deliberate course of will generate a synergy over time with the places of work, lodges and eating places in Tsim Sha Tsui. However on the finish of the day, in what kind that West Kowloon will evolve actually depends upon how the planners, builders and the enterprise group work collectively to offer the correct mix of actual property choices. Nonetheless, the district’s impression on town’s workplace panorama can’t be underestimated.

David Ji is director and head of analysis and consultancy for Better China



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Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend – NEWPAPER24

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Newpaper24 - Global online News around the World c6ca41e6-48fa-11e8-85b3-af25d27017e0_image_hires_104233 Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend - NEWPAPER24

Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend

2018-04-26 02:42:37



Qualcomm issued an optimistic forecast for the present quarter, an indication demand is starting to enhance in China, the biggest smartphone market.

Gross sales might be US$4.eight billion to US$5.6 billion within the fiscal third quarter, the San Diego-based firm stated Wednesday in an announcement. Analysts on common anticipated income of US$5.45 billion, in line with knowledge compiled by Newpaper24.

Qualcomm stated smartphone chip orders are exhibiting indicators of life in China after slumping on the finish of final 12 months. Concern in regards to the market deepened in current weeks after lacklustre outcomes from different suppliers to handset makers, particularly Apple.

At the same time as international smartphone progress slows — inflicting ache for Apple, a high smartphone maker — Qualcomm advantages as a result of it’s supplying producers in China which can be rising by taking market Share from Apple.

Gross sales of telephones in China have been adequate to shift a build-up of unused parts, stated Qualcomm Chief Monetary Officer George Davis. “You’ve seen stock go down fairly quickly,” he added.

The corporate’s shares rose as a lot as 4.three per cent in prolonged buying and selling after closing at US$49.75 in New York. The inventory is down greater than 20 per cent this 12 months, making it the second-worst performer on the benchmark Philadelphia Inventory Trade Semiconductor Index in that interval.

Revenue within the fiscal second quarter was 80 cents a Share, excluding sure gadgets. Adjusted income was US$5.2 billion. Analysts had predicted adjusted earnings of 70 cents a Share on income of US$5.19 billion.

“China’s coming from a deep backside and getting a bit bit higher,“ Mike Walkley, an analyst for Canaccord Genuity Inc., stated forward of the outcomes. “You’ve seen China burn by means of plenty of extra stock.”

Whereas Qualcomm nonetheless provides some chips to Apple, a authorized dispute has soured relations between the 2 firms and the iPhone maker has began utilizing chips from different suppliers. Qualcomm stated on Wednesday that it skilled a big decline in orders for modems from one buyer. Apple is the primary buyer for that kind of Qualcomm element. That implies current trade experiences of weaker element demand could also be pointing at Apple, reasonably than a common slowdown.

Qualcomm has been suffering from infinite authorized battles, authorities fines, a waning smartphone market, clients that received’t pay and a failed hostile takeover bid by rival Broadcom. Earlier on Wednesday, the inventory touched its lowest intraday stage since early 2016. All that left a low bar for Qualcomm’s quarterly outcomes.

One of many cornerstones of the corporate’s plan to reignite earnings progress is its acquisition of NXP Semiconductors NV. That deal, the most important Qualcomm has ever tried, was introduced in 2016 and continues to be ready for regulatory approval in China.

The corporate is assured it could actually shut the transaction forward of a July 25 deadline. Whereas commerce stress between the US and China suggests permission is unlikely to return quickly, the 2 sides are more likely to settle into calmer negotiations beginning subsequent month, stated Chief Government Officer Steve Mollenkopf.

“We’re clearly not proof against the troublesome surroundings that exists between the nations,” he stated. “From a timing perspective, this isn’t the most effective time to take the temperature.”

Ought to the chip maker fail to shut the acquisition, it’s ready to purchase again US$20 billion to US$30 billion of its personal inventory. Qualcomm had a market capitalisation of US$74 billion on the shut Thursday.

Whereas promoting cell chips offers the corporate with nearly all of its income, licensing patents that underpin the basics of all trendy cellphone programs contributes the majority of its revenue. The latter unit has struggled within the face of a worldwide authorized assault by Apple, which has stopped paying.

Qualcomm stated on Thursday that dates for key phases of the authorized combat with Apple are quickly approaching, elevating the probability of settlement or a victory that will give it leverage in talks.

Qualcomm forecast license gross sales of US$850 million to US$1.05 billion within the present interval, a decline of as a lot as 27 per cent from a 12 months earlier. The charges this division fees might fall as some clients go for new agreements that cowl a smaller variety of patents solely utilized in trade requirements, Qualcomm stated. Up to now, Qualcomm had licensed all of its patents collectively.

License charges are charged as proportion of the promoting worth of a cellphone, however there’s usually a cap for dearer gadgets. The corporate amended its settlement with Samsung Electronics Co. to decrease the cap. At the moment, if a Samsung cellphone is offered for greater than US$500, the payment is calculated as a proportion of US$500 and no extra. The brand new deal units the cap at US$400. Samsung is the world’s largest smartphone maker.



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Hong Kong shares fluctuate as buyers gauge earnings and rising US bond yields – NEWPAPER24

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Newpaper24 - Global online News around the World aa12edde-48ee-11e8-85b3-af25d27017e0_image_hires_101050 Hong Kong shares fluctuate as buyers gauge earnings and rising US bond yields - NEWPAPER24

Hong Kong shares fluctuate as buyers gauge earnings and rising US bond yields

2018-04-26 01:13:59



Hong Kong’s index futures superior on Thursday, signalling that shares are more likely to open greater.

April futures contracts on the Hold Seng Index rose 0.6 per cent, or 175 factors, to 30,354 earlier than the spot market opens at 9:30am.

The Hold Seng Index dropped 1 per cent to 30,328.15 yesterday, as promoting swept by way of know-how firms. The Shanghai Composite Index misplaced 0.four per cent to three,117.97.

Mainland equities could also be energetic after the State Council introduced final night time a lower in taxes estimated at greater than 60 billion yuan (US$9.5 billion) yearly will support hi-tech industries and smaller firms.

Most main markets in Asian rose in early morning buying and selling right this moment. Japan’s Nikkei 225 gained 0.four per cent and South Korea’s Kospi added 0.9 per cent, whereas Australia’s S&P/ASX 200 Index was little modified.

Merchants had been gauging the implications of the rising yields on the 10-year US Treasury, which climbed above three per cent.

Within the in a single day US buying and selling on Wednesday, three main indices closed on a blended be aware. The Dow Jones Industrial Common completed 0.three per cent greater and the S&P 500 Index climbed 0.2 per cent. In the meantime, the Nasdaq Composite Index slipped 0.1 per cent.



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South Africa: ‘We Are No Longer Prepared to Endure – Numsa Spokesperson Throughout Nationwide Shutdown – NEWPAPER24

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Newpaper24 - Global online News around the World aa-logo-rgba-no-text-128x128 South Africa: 'We Are No Longer Prepared to Endure - Numsa Spokesperson Throughout Nationwide Shutdown - NEWPAPER24

South Africa: ‘We Are No Longer Prepared to Endure – Numsa Spokesperson Throughout Nationwide Shutdown

2018-04-25 15:46:40


The South African Federation of Commerce Unions (Saftu) says the proposed Nationwide Minimal Wage Invoice signifies “a ferocious declaration of struggle” on the working class which is able to “entrench poverty”.

Members of Saftu and affiliated unions marched in a variety of cities throughout the nation together with Johannesburg, Cape City and Durban to protest towards the proposed minimal wage of R20 an hour.

“Staff, specifically, are campaigning towards a ferocious declaration of struggle by the ruling class of white monopoly capitalists, who’re making an attempt to get Parliament to cross new legal guidelines which is able to entrench poverty and threaten the employees’ constitutional proper to withdraw their labour,” learn a Saftu memorandum that was handed over to varied authorities officers on Wednesday.

In Johannesburg, Numsa’s appearing nationwide spokesperson Phakamile Hlubi-Majola stated the union had joined the strike to reject authorities’s proposed minimal of R20 an hour.

“This authorities is in energy immediately due to the struggling of the working class. We’re those who sacrificed in the end to ensure that them to make it into energy. For them to barter R20 per hour is a betrayal of staff and their households,” she stated.

“We’re now not keen to undergo excessive unemployment, poverty and inequality whereas CEOs take house fats paychecks.”

Hlubi-Majola stated the unions have been additionally voicing their considerations about authorities’s proposed amendments to the labour invoice which “would successfully make it inconceivable” to strike.

“These processes are designed to frustrate commerce unions in order that staff by no means go on strike,” she stated.

Saftu’s memorandum was obtained in Johannesburg by MEC for infrastructure Jacob Mamabolo, who confirmed that the memorandum was obtained on behalf of the Gauteng authorities.

“The calls for can be attended to,” he stated.

The memorandum additional states that Saftu helps the requires a complete social safety system.

“It’s an indictment on our democracy that we’ve got a lot poverty. Staff shouldn’t be made to pay for this disaster nor ought to they be made to resolve a capitalist disaster,” it stated.

The marches additional demanded that one thing be executed in regards to the excessive ranges of unemployment in South Africa.

“Why does a rustic with large pure assets, a well-established manufacturing base, a strong banking system, a purposeful agricultural sector and a big authorities forms discover itself on this place?” it requested.

“The Nationwide Minimal Wage Invoice and the labour amendments payments are taking us to the other way of a greater life for all or radical financial transformation. They won’t solely keep the present established order however worsen it, together with really completely postpone the desires of the various,” the memorandum stated.

In Durban, the Saftu march acquired underway just a few hours late and moved by way of the coastal metropolis peacefully.

There have been only a few incidents of visitors delays.

In Nelson Mandela Bay, marchers made their method in the direction of the town centre with a powerful police presence however no incidents had been reported by the point of publishing.

Working parallel to the nationwide shutdown by Saftu on Wednesday was a bus strike that has now been happening for a full week.

South African Transport and Allied Staff’ Union (Satawu) spokesperson Zanele Sabela stated the union and its associates referred to as on Transport Minister Blade Nzimande to intervene within the negotiating course of.

“Unions at the moment are within the means of facilitating intervention by Nzimande as a result of as minister of transport he’s in command of paying subsidies to bus corporations and due to this fact has leverage over them,” she stated.

On Wednesday morning, varied different unrelated protests sprang up throughout Gauteng together with in Alexandra, Zandspruit and Midrand in Johannesburg.

Whereas spokesperson for the Division of Primary Schooling Elijah Mhlanga stated he was not conscious of any disruption of faculty exercise by the mass protest motion throughout the nation, however he was nonetheless ready for stories from district officers.

Supply: Information24



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Newpaper24 - Global online News around the World c6ca41e6-48fa-11e8-85b3-af25d27017e0_image_hires_104233 Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend - NEWPAPER24  Newpaper24 - Global online News around the World c6ca41e6-48fa-11e8-85b3-af25d27017e0_image_hires_104233 Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend - NEWPAPER24
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Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend – NEWPAPER24

Qualcomm’s gross sales forecast exhibits that China’s smartphone market is on the mend 2018-04-26 02:42:37 Qualcomm issued an optimistic forecast...

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