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Author: traderhub8   |   Latest post: Fri, 16 Aug 2019, 3:29 PM

 

Phillip Capital Morning Note - 5 Aug 2019

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Hong Kong protesters looked to shut down the city with a general strike on Monday after a ninth straight weekend of unrest triggered by Beijing’s tightening grip over the financial hub.

Indonesia's state power company PLN estimated on Sunday that it would take several hours to restore power to Jakarta after a major blackout, blaming technical issues for cutting power to tens of millions of people in the capital and surrounding provinces.

Nico Steel Holdings Limited today announced that it has received the approval for its patent on the electroplating process of aluminium alloy with copper for a period of 20 years starting June 2019, from the National Intellectual Property Administration in the People’s Republic of China.

Chip Eng Seng has announced that its newly-acquired property at 51 Pirie Street in Adelaide, Australia will be developed into a new Hyatt Regency. On July 2, Chip Eng Seng acquired the property at a price of A$14.5 million ($14.6 million), funded fully through internal resources.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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