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The Hanoitimes - The city’s authorities will promote production of handicraft products. Hanoi will set up 30-40 new showrooms displaying and selling products developed under the national One Commune One Product (OCOP) program. A OCOP showroom in Thanh Tri district, Hanoi. Photo: kinhtedothi This is an important target mentioned in the city's plan on the development of OCOP showrooms associated with craft village tourism in Hanoi in 2021. Under the plan, the city’s authorities will promote production and sale of handicraft products, especially OCOP products, typical rural industrial items, and those with market potential in the capital, provinces and cities nationwide. According to the plan, each district/town will have two operating OCOP showrooms or more. The municipal People's Committee will conduct a survey to find locations of OCOP showrooms according to regulations. The committee has also required departments and localities to inspect … [Read more...] about Hanoi to launch 30-40 OCOP showrooms in 2021

LONDON: Lebanon may be in line for US$298 million in emergency aid after the Beirut port blast, but the more than US$30 billion that some estimate it may need to rebuild its shattered economy will not be forthcoming without reform. Such change could be stalled by the resignation of Lebanon's government, while a financial rescue plan drawn up in April is likely to have to be reviewed and possibly even ditched by a new administration, two financial sources close to the plan said. Forecasts for financial metrics such as debt-to-GDP and the parallel exchange rate contained in the rescue plan, which had already struggled for support before last week's deadly explosion, now look unrealistic, one of the sources added. That is likely to push back creditor talks to restructure Lebanon's international sovereign debt. Lebanon had begun International Monetary Fund (IMF) bailout talks in May after defaulting on its foreign currency debt. But these were put on hold due to a lack of … [Read more...] about Next Lebanon government to face US$30 billion reform test

REUTERS: European clubs are facing a cash crisis and the transfer market could shrink by 20 per cent-30 per cent because of the COVID-19 pandemic, the head of the association which represents them said on Tuesday (Sep 8). Andrea Agnelli, chairman of the European Club Association (ECA), said clubs across the continent were losing revenue from broadcasters, gate receipts and sponsors due to measures to combat COVID-19. He said that European soccer body UEFA had given broadcasters a rebate of 575 million euros for international club competitions which "is all money which is not going to be distributed among the clubs." "This is going to be a dramatic (income) erosion for us which potentially will turn out to be a cash crisis for most clubs," Agnelli, the president of Serie A champions Juventus, told the ECA general assembly, which was held virtually. "I don't believe we will know the full scope of what this means until accounts are published this autumn." The pandemic brought … [Read more...] about Football: Transfer market could shrink up to 30%, says European club boss Agnelli

It’s been 30 years since Paolo and Judie Scarpa opened their first restaurant along Tanjong Pagar. That was in May 1989. Since then, the Da Paolo brand has become a household name in Singapore, with seven Da Paolo Gastronomia outlets across the island, a Pizza Bar, Bistro Bar, and the Da Paolo HQ along Club Street. Just last month, the company debuted its largest and most ambitious endeavour yet: Da Paolo Dempsey Restaurant & Bar . Spread over 5,000 sq. ft., the restaurant and retail emporium wasn’t planned as a commemoration of the company’s 30th anniversary, but as Da Paolo’s CEO Guillaume Pichoir puts it: “The stars really aligned.” READ > The silky deliciousness of fresh pasta – and where to get your fix in Singapore IT WASN’T REALLY A PLAN Paolo and Judie retired nine years ago, leaving the company in the hands of their son Andrea, now Group Executive Chef; daughter Francesca, who heads Product Management and Marketing, and her husband Guillaume, … [Read more...] about Da Paolo’s latest venture: 30 years on, a bigger slice of Italy in Singapore

HONG KONG: Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's mammoth initial public offering of up to US$30 billion, two people with direct knowledge of the matter said. Ant, backed by Chinese e-commerce giant Alibaba Group , plans to list simultaneously in Hong Kong and Shanghai, in what sources have said could be the world's largest IPO and come as soon as October. Wall Street major Goldman Sachs has been hired as a joint lead manager on the Hong Kong leg of the IPO, said the people, who declined to be named as they were not authorised to speak to the media on this subject. A spokesman for Goldman Sachs, which also acted as a joint lead manager on Alibaba's US$12.9 billion secondary listing in Hong Kong last year, declined to comment. Ant also declined to comment. The IPO of Ant, already the world's most valuable unicorn - or billion-dollar unlisted tech firm - would be the first simultaneous listing … [Read more...] about Goldman Sachs joins syndicate for Ant IPO of up to US$30 billion – sources