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Australia says little hope of more survivors from boat wreck

In Uncategorized on December 17, 2010 at 8:57 am

SYDNEY, Dec 17, 2010 (AFP) – Australia said Friday there was little hope of finding more survivors from a people-smuggling boat which smashed into Christmas Island two days ago and that the full death toll may never be known.


Prime Minister Julia Gillard said divers had recovered two more bodies, bringing the official death toll to 30, as air and sea searches continued for survivors after their wooden fishing boat sank early Wednesday.


“We do need to face the grim reality that it is becoming increasingly unlikely, an increasingly remote possibility, that survivors will be found at this stage,” she told reporters in Sydney.


“It remains unclear exactly how many people were on the vessel and we may never know that number with precision,” she said, adding that three Indonesian crew were among the 42 survivors.


The wooden fishing boat crowded with up to 100 Iraqi, Kurdish and Iranian asylum seekers and their families was dashed against jagged rocks in dangerous seas at the remote Indian Ocean outpost early on Wednesday, throwing all on board into the churning water.


Of those pulled alive from the sea, five were evacuated to Perth for medical treatment while the rest were being treated on Christmas Island, which lies 2,600 kilometres (1,612 miles) from the mainland.


Australia has a policy of mandatory detention of boat people and uses Christmas Island as its main processing facility to determine whether they are legitimate refugees.


While boats are often picked up as they attempt to make their way to the island, Gillard said authorities had not been aware that this particular boat was approaching.


“The people smuggling vessel was not sighted until it was sighted from Christmas Island itself by residents,” she said, adding that Australia’s sea patrols covered a massive area.


“If we look at the amount of ocean that lies to our north, the area that we seek to keep under watch, the area in which we are most likely to see asylum seeker vessels, that area is more than 1.4 million square nautical miles.


“Consequently I think people would understand, with such a big area, that it is possible for a boat to get to Christmas Island and not be detected.”


The tragedy has sparked renewed debate on Asia’s people smuggling trade, which has brought more than 5,000 asylum seekers from Iraq, Afghanistan and Sri Lanka to Australia this year, mostly on unseaworthy vessels from Indonesia.


Gillard said that Australian authorities were working closely with the people smuggling task force from the Indonesian National Police, but did not specify where she believed the boat had come from.


Indonesian police said there was no criminal element to the boat wreck, while Foreign Affairs Ministry spokesman Michael Tene said Jakarta had no comment on the latest loss of life involving asylum seekers in the waters between Java and the Australian mainland.


Indonesian President Susilo Bambang Yudhoyono promised to get tough with the smugglers during a visit to Australia earlier this year, and Gillard raised the issue when she visited Jakarta last month.


Australian Immigration Minister Chris Bowen said the government would stick to its strategy of attempting to create a regional processing centre, possibly in East Timor, aiming to break the people-smuggling rings operating in Asia.


Australia has said Wednesday’s accident will be the subject of a criminal investigation and a coroner’s probe.

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Source: SGGP

VN-Index changes little due to bearish sentiment

In Uncategorized on October 28, 2010 at 10:39 am

Movements of VN-Index on October 28. (Photo: vietstock.vn)The shares of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange toiled to finish in green on October 26 after swinging between losing and winning as investors lost confidence in equities.

The Vietnam’s benchmark VN-Index inched up 0.01 percent, or 0.06 points, to 450.07 points.


Trading volume dropped by 20 percent over the previous session. Around 23.4 million shares changed hands at a value of VND583.7 billion.


Of the index, 82 stocks increased, 124 slipped, while 65 were unchanged.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) continued to lead the list of active shares by volume for the second day with 1.68 million shares changing hands.


From October 29 to December 29, Vietnam Dragon Fund Limited, inside shareholders of Saigon Thuong Tin Commercial Bank or Sacombank (STB), registered to sell all 8,250,966 shares to shift its investment category from Vietnam Dragon Fund to Dragon Capital Vietnam Fund.


Transport company Thuan Thao Corporation (GTT), which gained 4.95 percent to VND10,600, clung with 1.33 million shares traded, followed by PetroVietnam Fertilizer and Chemicals Corporation (DPM) with 884,990 shares.


Printing company Cat Loi Joint Stock Company (CLC) emerged 4.88 percent to VND21,500.


Da Nang Construction Building Materials and Cement Joint Stock Company (DXV) shot up 4.85 percent to VND17,300.


Thac Mo Hydro Power Joint Stock Company (TMP) tumbled 6.09 percent to trade at VND10,800. The company will pay dividends for the first term of this year to its current shareholders in cash at a ratio of 6 percent.


Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) declined for second day, trimming 4.95 percent to VND30,700.


Dam Sen Water Park Corporation (DSN) sliced 4.82 percent to VND21,700.


Meanwhile, the Hanoi’s HNX-Index gave up 1.02 points, or 0.91 percent, to close at 111.51. Trading volume severely fell over the previous day to around 15.23 million shares worth VND314.93 billion.


The UPCoM-Index of the market of unlisted shares clipped 0.13 points to 42.3 points. Trading volume was at 0.16 million shares, an approximately value of VND2.8 billion.

Source: SGGP

VN-Index changes little

In Uncategorized on October 14, 2010 at 6:28 pm

Movements of VN-Index on October 14. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index edged up for the second day on October 14. Liquidity on the market, however, still had not improved as investors remained neglectful.

The shares of 262 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange rose 0.21 percent, or 0.96 points, to finish at 458.66 points.


Trading volume was just around 23.25 million shares worth VND597 billion.


Of the index, 84 stocks gained, 98 dropped, while 85 remained unchanged.


Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) topped the list of most active shares in volume with 1.06 million shares changing hands. It was the only share whose trading volume was above 1 million shares today.


Sugar producer Société De Bourbon Tay Ninh (SBT) ran after with 717,300 shares changing hands.


PetroVietnam Fertilizer and Chemicals Corporation (DPM) came in next with 641,650 shares traded.


Binh Duong Trade and Development Joint Stock Company (TDC) soared 5 percent to trade at VND31,500.


Dinh Vu Port Investment & Development Joint Stock Company (DVP) advanced 4.86 percent to VND36,700.


Da Nui Nho Joint Stock Company (NNC) closed up 4.81 percent to VND41,400.


Hoang Long Group (HLG) collapsed 34.06 percent to VND15,100. The company will pay dividends for this year in cash to its current shareholders at a ratio of 12 percent on November 19. It also planned to issue 14,715,355 bonus shares to its current shareholders at a ratio of 2:1.


Vietnam Land Investment Corporation (VNI) slashed 5 percent to VND19,000 from VND20,000 the previous day.


Hanoi-based construction company Tai Nguyen Corporation (TNT) shrank 4.85 percent to VND25,500.


The Hanoi’s HNX-Index gained 0.06 points, or 0.05 percent, to close at 120.45 points. Trading volume slightly recovered from a record low to 19.4 million shares, a value of VND421.6 billion.


The UPCoM-Index slipped 0.39 points to 43.71 as of 11:15 am local time. A total of 130,000 shares changed hands at VND2.4 billion.

Source: SGGP

Stocks add little after starting week on low note

In Uncategorized on August 3, 2010 at 11:20 am

Movements of VN-Index on August 3. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index was expected to rise strongly as green status was maintained during the trading session on August 3. However, that rising momentum weakened by the end of the trading session as investors remained wary.

The shares of 251 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange edged up 0.06 percent, or 0.29 points, to 491.9.


Of the index, 75 stocks gained, 128 fell, while 52 remained unchanged.


Trading volume recovered as 42.3 million shares, worth VND1.26 trillion, changed hands.


With 1.71 million shares changing hands today, Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) continued to top the list of most active shares by volume for the second day.


Saigon Securities Inc. (SSI), the country’s largest brokerage, took the second rank with 1.17 million shares.


Investment and Trading of Real Estate Joint stock Company (ITC) tagged along with 1.15 million shares.


Nam Viet Corporation (ANV) jumped the daily maximum allowed limit of 5 percent to VND18,900.


Thong Nhat Rubber Joint Stock Company (TNC) surged by 4.95 percent to VND21,200.


From June 29 to July 15, Chau Thi Hong Diep, wife of Le Van Loi – chairman of Thong Nhat Rubber Joint Stock Company (TNC), had registered to buy 50,000 shares, but she only bought 12,210 shares because prices were not as expected, raising her holdings to 157,210 shares, accounting for 0.82 percent of the company’s chartered capital.


Idico Urban and House Development Joint Stock Company (UIC) advanced 4.91 percent to VND29,900.


South Logistics Joint Stock Company (STG), which lost 4.88 percent to VND39,000, led the losers on the city bourse.


DIC Investment and Trading Joint Stock Company (DIC) shrank 4.86 percent to VND33,300.


Techno – Agricultural Supplying Joint Stock Company (TSC) moved backwards for the second consecutive day, slipping 4.82 percent to VND21,700.


Hanoi’s HNX-Index dipped 0.9 points, or 0.59 percent, to finish at 150.48. Liquidity on the market slightly improved over the previous day, climbing to 28.52 million shares, valued at VND806.84 billion.


The UPCoM-Index also contracted 0.03 points to 51.74. A total of 404,280 shares changed hands, at VND8.79 billion, as of 11 am local time.

Source: SGGP

Stocks change a little

In Uncategorized on July 20, 2010 at 11:29 am

Movements of VN-Index on July 20. (Photo: vietstock.vn)Vietnam’s benchmark VN-Index slightly fell on July 20 as investors were cautious amid conflicting movements of international stock markets.

VN-Index continuously surprised investors by changing directions at the end of the trading session. Penny-stocks still attracted investors as most blue-chips had not showed signs of recovery.


The measure of 247 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange slipped 0.06 percent, or 0.26 points, to close at 506.56 points.


Of the index, 97 stocks gained, 108 declined, while 46 treaded water. Around 47.75 million shares, worth VND1.4 trillion, changed hands on the city bourse.


Ocean Group Joint Stock Company (OGC) was the most active stock in volume with 2.25 million shares changing hands. The company announced that Ms. Ta Thi Thanh Thuy would be the company’s deputy general director and that Mr. Hoang Van Tuyen would become chief financial officer and chief accountant, replacing Ms. Dang Thi Hong Van as of July 16.


Ninh Van Bay Real Estate Joint Stock Company (NVT), which led the winners on the city bourse today with a rise of 4.96 percent, came in next with 2.24 million shares.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) followed with 1.72 million shares being traded.


Vietnam Electricity Construction Joint Stock Corporation (VNE) tumbled 30.61 percent to VND17,000. The company will issue 6,344,216 shares to pay dividends for its current shareholders at a 20 percent ratio. It will also sell 25,376,864 shares with a ratio of 10:8 and a price of VND10,000 per share.


Godaco Seafood Joint Stock Company (AGD) dropped for the fourth day, losing 4.85 percent to VND35,300.


Viet Nam Land Investment Corporation (VNI) dipped 4.61 percent to VND26,900.


Electronics producer Alphanam Joint Stock Company (ALP) gained 4.95 percent to VND23,300.


Hanoi-based construction company Lilama 10 Joint Stock Company (L10) advanced 4.9 percent to VND40,700.


The smaller bourse in the north continued to finish in the red, as the Hanoi’s HNX-Index lost 0.22 points, or 0.14 percent, falling to 160.15. Trading volume improved as nearly 49.8 million shares changed hands at VND1.4 trillion.


The UPCoM-Index of the unlisted shares sank 1.4 points to 57.02 points. A total of 647,100 shares were traded at VND14.14 billion, as of 11 am local time.

Source: SGGP

VN-Index adds little amid investor hesitation

In Uncategorized on July 15, 2010 at 1:11 pm

Movement of VN-Index on July 12. (Photo: Vietstock.vn)Vietnam benchmark VN-Index gained 0.09 percent on July 12 as investors were cautious with the fate of the Vietnam Enterprise Investment Limited Fund due to be decided today.

The Dragon Capital’s fund may be dissolved, volatilizing more than US$400 million out of the market.


The gauge of 246 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.47 points, or 0.09 percent, to finish at 499.93.


Liquidity on the market fell severely, as just 36.9 million shares changed hands at VND1.1 trillion.


Of the index, 122 stocks advanced, 65 fell, and 63 remained unchanged.


Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) was the most active share by volume with 1.82 million shares changing hands.


From January 14 to June 30, the Vietnam National Textile and Garment Group, a major shareholder of Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), registered to sell 2,461,800 shares but sold just 1,108,330 shares. The rest were not traded due to prices that were lower than expected. Between July 8 and September 8, the company sold 2 million shares to reorganize its investment capital.


Société De Bourbon Tay Ninh (SBT) came next with 1.18 million shares, followed by Ha Tien Transport Joint Stock Company (HTV) with more than 851,000 shares traded.


Construction company Cuong Thuan Investment Corporation (CTI) advanced 4.99 percent to VND46,300.


From July 14 to September 14, Tran Nhu Hoang, chief executive officer of Cuong Thuan Investment Corporation (CTI), registered to buy 300,000 shares, increasing his holdings to 800,000 shares, for personal investment.


Hanoi-based Long Giang Investment and Urban Development Joint Stock Company (LGL) gained 4.97 percent to VND35,900.


BIDV Securities Company, a major shareholder of Long Giang Investment and Urban Development Joint Stock Company (LGL), registered to buy 800,000 shares and sell 600,000 shares between July 12 and September 10, sending its holdings to 990,012 shares, accounting for 7.07 percent to the company’s chartered capital, restructuring its investment category.


Nari Hamico Minerals Joint Stock Company (KSS) and Duc Long Gia Lai Group Joint Stock Company (DLG) added up 4.96 percent to VND63,500 and VND27,500 respectively.


Ca Mau Trading Joint Stock Company (CMV) declined 4.85 percent to VND31,400.


Seafood producer Vinh Hoan Corporation (VHC) sank 4.65 percent to VND41,000.


The Hanoi-based HNX-Index rose 1.36 points, or 0.87 percent, to 157.57. Trading volume significantly dropped to 21.28 million shares, worth VND629.59 billion.


The UPCoM-Index fell 0.31 points to 55.68 as of 11 am local time. 491,109 shares were traded, totaling approximately VND9.95 billion.

Source: SGGP

Stocks add little as liquidity drops

In Uncategorized on June 10, 2010 at 11:01 am

Vietnam’s benchmark VN-Index gained on June 10, rising above 500 points. Liquidity on the market, however, fell to four-month low as conflicting information from local and international markets roiled investor confidence.

The shares of 236 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange rose as much as 2.95 points, or 0.59 percent, to finish at 500.51 points. More than 33.4 million shares worth VND949 billion changed hands.


Among the index members, 128 advanced, 57 fell, and 55 remained unchanged.


Tan Tao Investment Industry Corporation (ITA) was the most active stock in volume with 2.43 million shares changing hand up 1.28 percent to VND23,700.


Vietnam Electricity Construction Joint Stock Corporation (VNE) came in next with 1.57 million shares, followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB) with 1.39 million shares.


From June 16 to August 13, Toan Thinh Phat Architecture, Investment and Construction Joint Stock Company, which involves to internal shareholders of Saigon Thuong Tin Commercial Bank (STB), registered to buy 4 million shares, raising its holdings to 5,644,340 shares, accounting 0.84 percent of chartered capital, to increase holding ratio.


Dong Hai Joint Stock Company of Ben Tre (DHC), which produces paper products, jumped the daily maximum allowed limit of 5 percent to VND21,000.


Hoa Binh Rubber Joint Stock Company (HRC) climbed 4.91 percent to VND44,900.


Thong Nhat Rubber Joint Stock Company (TNC) traded at VND17,200, up 4.88 percent from the previous day.


Decliners on the city bourse included Mirae Joint Stock Company (KMR), which processes bedding and other materials for garment and textile industry, Idico Urban and House Development Joint Stock Company (UIC), and Investment Commerce Fisheries Corporation (ICF).


At the smaller bourse in the north, liquidity also dropped. The Hanoi’s HNX-Index surged by 0.45 points to close at 157.06. Around 19.4 million shares were traded at VND593.55 billion.


After net buying for 10 consecutive sessions, foreign investors shifted to net selling this morning, with total value of VND2.12 billion.


The UPCoM-Index slid 0.08 points to 44.66 points. A total of 46,457 shares changed hands at VND673.15 million.

Source: SGGP

Hoi An’s little towns serve up tasty treats

In Uncategorized on May 3, 2010 at 3:22 am




Hoi An’s little towns serve up tasty treats


QĐND – Sunday, May 02, 2010, 21:32 (GMT+7)

The UNESCO World Heritage listed town of Hoi An is known for its centuries-old streets, lanterns, tailors, Chinese temples, beaches and the Hoai River, which snakes its way through the emerald patchwork of paddy fields before discharging itself into the ocean.


But one equally important, but often overlooked cultural foundation is starting to gain traction with those in the know. The food from this central coast tourist centre is winning a reputation as some of the best in the country; and some of the cheapest.


Cam Nam Village, just a stones throw from the heart of Hoi An’s Old Quarter, typifies the sort of gastronomical experience available to people not afraid of straying from the uninspired menus of the lollipop cute cafes dotting the river’s banks.


This tranquil spot, at the lower section of the river, is home to dozens of little restaurants. The one thing they all have in common is that they all serve great local rustic fare.


Three of the most common local dishes served up to punters are: banh dap (smashing rice paper), hen xuc banh trang (clams served with crispy rice paper) and che bap (sweet corn soup).


Banh dap or smashing rice paper derives its name from the action needed to produce the dish. It is made from two pieces of rice paper – the first piece is crispy, the second is wet. To join them together, they must be smashed on to the table.


The two freshly joined pieces are then draped in oil cooked with onions and served with nuoc mam, a pungent fish sauce.


That’s it. A seemingly simple rice paper with contrary tastes: sweet and salty, crispy and soft.


Hen xuc banh trang is a combination of clams and crispy rice paper. The clams are fished up from the HoaiRiver, which runs through Cam Nam village.


The clams are boiled and then fried with dozens of fragrant vegetables and spices, including onion, spring onion, pepper, chilli, ginger, sugar water and peanuts.


When the clams are ready, crispy rice paper is set on the table, which is also used as a spoon for the dish.


Finally the desert: che bap (sweet corn soup). Hoi An’s sweet and sticky corn is perfect for this soup. Locals swear that one bowl is not enough and visitors that return are the first in line, ready for another helping.


Whether this is true or not is a matter of conjecture. What is true, is that no trip to Hoi An is truly complete without sampling the culinary spectacles that small village’s like Cam Nam have to offer.


Source: vietnewsonline


Source: QDND

VN-Index adds little due to low liquidity

In Uncategorized on March 29, 2010 at 10:36 am

Vietnam’s benchmark VN-Index, which tracks 215 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, gained 0.07 percent on March 29 as investors were pleased with small purchases.

The index finished at 505.67, adding 0.37 points as more than 37.74 million shares, worth VND1.4 trillion changed hands.


Among the index members, 99 advanced, 70 fell, and 50 were flat. Most banking shares, except Viet Nam Joint Stock Commercial Bank for Industry and Trade (CTG), which remained unchanged, saw declines.


The list of gainers was led by RangDong Plastic Joint-Stock Company (RDP), and Telecommunications Industry Electronics Joint Stock Company (TIE). Both added up the maximum daily allowed limit of 5 percent to VND23,100 and VND25,200 respectively.


Sugar maker, Société De Bourbon Tay Ninh (SBT) followed with an increase of 4.96 percent to VND12,700.


Saigon Security Inc. (SSI) was the most active stock in volume as more than 2.37 million shares were traded at VND45,000. The country’s largest brokerage closed down 2.81 percent.


Saigon Commercial Bank, or Sacombank (STB), which gave up 0.45 percent, came next with 1.97 million shares being traded at VND22,100.


Hanoi-based Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) was next with 1.18 million shares as it closed at VND41,400, up 4.81 percent.


DESCON Construction Corporation (DCC), which lost the 5 percent maximum daily limit to VND24,700, was the biggest loser. Next were two companies located in Dong Nai Province, Cuongthuan Investment Corporation (CTI), which eroded 4.96 percent to VND23,000, and Tien Len Steel Corporation Joint – Stock Company (TLH), which gave up 4.84 percent to VND29,500.


Hanoi’s HNX-Index dropped 0.01 percent, or 0.01 points, to close at 163.75. Trading volume on the bourse reached 26.1 million shares, worth VND867.8 billion.


The UPCoM-Index climbed 3.5 percent, or 1.54 points, to finish at 45.56 points. A total of 175,150 shares traded at VND2.7 billion.

Source: SGGP

Stocks add little as investors wait on information

In Vietnam Stock Market on November 17, 2009 at 11:09 am

Vietnam’s benchmark VN-Index, which tracks 182 companies and four mutual funds on the Ho Chi Minh Stock Exchange, gained 0.25 percent November 17 as investors, wary of a dearth of news, were happy with small purchases.


The index added 1.38 points to close at 547.08 as nearly 60 million shares worth VND2.5 trillion (US$215.4 million) changed hands.


The shortage of information dragged the index down several times during the session. By close, 72 shares had advanced, 82 had dropped, and 32 had remained unchanged. Most rubber stocks closed up while banking and finance shares finished in the red.


Duc Thanh Wood Processing Joint Stock Co. (GDT) closed at the offer price of VND36,000 on listing day when stocks are allowed to trade 20 percent up or down.


Big gainers included Phuoc Hoa Rubber Joint Stock Co. (PHR) based in nearby Binh Duong Province, which rose 4.99 percent to VND42,100, and Khanh Hoa Power Joint Stock Co. (KHP) based in the central province of Khanh Hoa, which added 4.98 percent to finish at VND25,300.


Saigon Commercial Bank, or Sacombank (STB), which fell 0.37 percent to VND27,000 was the most active stock by volume, with 3.77 million shares being traded.


Hanoi-based real estate investor LICOGI 16 Joint Stock Co. (LCG) was next with around 2.6 million shares as it closed at VND91,500, up 4.57 percent. The HCM City-based forwarding company Gemadept Corp. (GMD) followed with 2.4 million shares as it rose 4.65 percent to VND90,000.
 
Tan Tien Plastic Packaging Joint Stock Co. (TTP), a packaging maker also based in the city, gained 0.2 percent to finish at VND50,000. Saigon Securities Inc. had raised its stake in Tan Tien the previous day to 6.7 percent from 5 percent, the latter said in a statement to the exchange.


Hanoi’s HNX-Index dropped 0.5 points, or 0.27 percent, to close at 182.67. Nearly 22 million shares worth VND890 billion changed hands.


US stocks rallied sending benchmark indexes to 13-month highs, and commodities gained as retail sales rebounded and Asian government leaders pledged to maintain economic stimulus spending. The dollar fell to a 15-month low and Treasury two-year yields touched the lowest level since January.


Source: SGGP Bookmark & Share