China applies brake on investments

August 21, 2017 by  
Filed under News, North Asia

BEIJING, 21 August 2017: China is to restrict foreign investments in sports clubs, real estate and entertainment and is banning investment in pornography and “unauthorised” military technology.

The new rules were announced, Friday, by the government, which had previously encouraged overseas spending sprees, but then warned late last year of “irrational” acquisitions amid fears that powerful conglomerates were racking up dangerous debt levels.

The announcement came days after British football club Southampton said it had entered into a partnership with Chinese businessman Gao Jisheng, with press reports saying he and his family had paid £200 million ($259.5 million) for an 80% stake. Read more

Vietnam drinkers head for beer clubs

March 8, 2017 by  
Filed under News, Vietnam

HANOI, 8 March 2017: Vietnamese authorities say they will enact regulations to control the boom in beer clubs that offer entertainment similar to bars and discos, but prosper outside of the perimeters of current laws.

Local media reported beer clubs are now a booming business in many large cities.

Beer clubs appeared first in Ho Chi Minh City three years ago, providing food and drink alongside music, professional DJs, and performances by so-called ‘promotional girls’. Read more

HCMC gets tough on bars

June 24, 2016 by  
Filed under News, Vietnam

HO CHI MINH CITY, 24 June 2016: Ho Chi Minh City’s Municipal Police Department says a study is underway on reducing the opening hours for bars across the city, including tourist districts.

Tuoi Tre News reported opening hours could change soon in a bid to reduce criminal offenses attributed to alcohol abuse.

Municipal Police deputy director, Colonel Tran Duc Tai, was quoted saying a study should be carried out by competent authorities to determine suitable opening hours for clubs and bars. Read more

Skal extends footprint to Krabi

January 4, 2016 by  
Filed under News, Trade Talk

BANGKOK, 4 January 2016: The Malai Sakolviphak Award for 2015 has been presented to the founding members of the newly formed Skal Club in Krabi, southern Thailand.

The award is made in memory of Malai Sakolviphak, a  highly respected tourism industry figure in Thailand, who died in 2011 after many years of distinguished service to Skal at both local and international level.

The award was presented to hotelier George Kenton, president of Skal Krabi, by the organisation’s national president for Thailand, Dale Lawrence. Read more