Profitloss Centerstage Events

The law governing buying of land in Vietnam took centerstage on Wednesday, 26 November 2014 among all major events across the globe, and remains the highlight of this week's list of center stage events.
Picture Courtesy: Profit loss

Centerstage events of week 4

Samsung Group announces the sale of controlling stakes in its...

Samsung Group announces the sale of controlling stakes in its chemical and defense units to Hanwha Group for $1.7 billion. This strategic move is part of Samsung's ongoing restructuring efforts and aims to streamline business areas and enhance efficiency. The sale will provide Samsung Electronics with capital resources for investment in new businesses and allow the company to focus on its core competencies amid declining profits.

Monday, 24 November, 2014

Vietnamese lawmakers approve a law allowing broader foreign ownership of...

Vietnamese lawmakers approve a law allowing broader foreign ownership of property, aiming to stimulate the real estate market and accelerate economic growth. Foreigners with valid visas, foreign companies, and international organizations operating in Vietnam are now permitted to purchase houses and apartments, expanding property ownership rights beyond those previously limited to select groups of foreigners.

Tuesday, 25 November, 2014

Lion Group, the parent company of Lion Air, places a...

Lion Group, the parent company of Lion Air, places a $1 billion order with ATR for 40 additional planes. Lion's order brings the total number of ATR 72-600 turboprop planes purchased to 100, making it ATR's largest customer ever. Despite slower-than-expected growth in the region, Southeast Asian airlines like Lion continue to invest in new planes, emphasizing their confidence in future demand for air travel.

Wednesday, 26 November, 2014

The German government approves the sale of Secusmart GmbH, an...

The German government approves the sale of Secusmart GmbH, an encrypted phone-maker, to BlackBerry Ltd. The deal, initially weighed down by concerns over trans-Atlantic spying tensions, receives approval as the German government determines no national security risks. While BlackBerry is a Canadian company, the agreement between the Canadian and U.S. governments had raised concerns in Germany.

Thursday, 27 November, 2014

Jiang Yi-huah resigns as the Premier of Taiwan following heavy...

Jiang Yi-huah resigns as the Premier of Taiwan following heavy losses for the ruling Kuomintang in local government elections. This move reflects the political consequences of the election results, indicating a shift in public sentiment. Jiang's resignation opens the way for potential changes in Taiwan's government and policy direction.

Friday, 28 November, 2014

Former President Tabaré Vázquez of the ruling Broad Front wins...

Former President Tabaré Vázquez of the ruling Broad Front wins another term in government as Uruguay holds the second round of voting in the presidential election. Voters reaffirm their support for Vázquez, signaling continuity in Uruguay's political leadership and policies under the Broad Front party.

Saturday, 29 November, 2014

Donald Tusk, former Polish prime minister, assumes the role of...

Donald Tusk, former Polish prime minister, assumes the role of the second full-time President of the European Union. Tusk's appointment signifies a new phase of leadership within the EU, as he takes on the responsibility of representing and guiding the member states in the union's affairs.

Sunday, 30 November, 2014