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As Japan and the United States place fresh curbs on Chinese technology firms, local investors are scooping up shares of those firms and state companies, and reaping handsome rewards. New fund launches will potentially channel money into China's technology and chipmaking leaders, including ZTE Corp (000063.SZ), Unisplendour Co (000938.SZ), Montage and Cambricon Technologies (688256.SS). Cutting-edge innovation requires huge and long-term investment, which is beyond the ability of private companies, "but SOEs can do it," Yang said. For example, China's chipmaking sector is now trading at 60 times earnings, compared with 16 for the broad market. But "China needs high valuation in some sectors ... Why don't you put down your wager, while also supporting the country's development?"

Shares of state-owned enterprises (SOEs) have risen sharply since November, when top securities regulator Yi Huiman called for a new model to price them. Mainland-listed state telecom operators China Mobile and China Telecom have jumped more than 50% each this year and China Petroleum & Chemical Corp (600028.SS) has soared 44%, compared with a 5% gain in the benchmark index (.CSI300). More than 10 mutual fund companies have applied to launch nearly a score of SOE-dedicated funds since March, state media reported. E Fund Management Co this week launched a mutual fund, aiming to raise up to 8 billion yuan ($1.16 billion) to be ploughed into shares of strategically important SOEs. State companies' shares have so far outperformed the broader market, delivering what investors term a rare "SOE alpha".

☆ Captain of Thai 'cave boys' soccer team dies in Britain
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

[1/3] Duangpetch Promthep introduces himself during the news conference in Chiang Rai, Thailand July 18, 2018. REUTERS/Soe Zeya Tun/File PhotoBANGKOK, Feb 15 (Reuters) - One of 12 boys dramatically rescued after two weeks trapped in a flooded cave in Thailand in 2018 has died in Britain where he was attending a soccer academy, his former teacher said on Wednesday. Duangpetch Promthep, better known as "Dom", was captain of the "Wild Boars" team whose seemingly impossible extraction by international divers and Thai navy SEALs captured huge global attention. The news was shared on social media by a Buddhist monk who taught the boys in Thailand's northern Chiang Rai province. Once rescued, the boys were invited to attend a Manchester United match and their story was the subject of books, documentaries and films, and most recently, the Netflix (NFLX.O) series "Thai Cave Rescue".

☆ Two years on, Myanmar coup takes a 'catastrophic toll'
▼ + stars: | 2023-01-31 | by ( Reuters Staff | ) www.reuters.com time to read: +7 min

REUTERS/StaffJan 31 (Reuters) - Two years after Myanmar's military coup, a young factory worker turned resistance fighter mourns the loss of his leg in battle. The stories of four people reflect a crisis the U.N. special envoy last week warned was taking a "catastrophic toll" on the population. THE TEACHERA middle-school teacher has been living in a Thai border town since fleeing arrest in Myanmar last year. A slight woman with long black hair, she joined the civil disobedience movement (CDM) that sprang up after the coup. Her green and white uniform is safe in Myanmar, she said, neatly stored, in case of her return.

[1/2] Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File PhotoWASHINGTON, Jan 31 (Reuters) - The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of the coup with curbs on energy officials and members of the junta, among others. Washington imposed sanctions on the Union Election Commission, mining enterprises, energy officials and current and former military officials, according to a Treasury Department statement. It marks the first time the United States has targeted Myanma Oil and Gas Enterprise (MOGE) officials under the current Myanmar sanctions program, a Treasury spokesperson said. Washington also targeted former and current Myanmar military officials, the Treasury said, accusing the Air Force of continuing to launch air strikes using Russian-made aircraft against pro-democracy forces that have killed civilians.

[1/2] Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File PhotoWASHINGTON, Jan 31 (Reuters) - The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of a military coup with curbs on energy officials and junta members, among others. Washington imposed sanctions on the Union Election Commission, mining enterprises and energy officials, among others, according to a Treasury Department statement. It marks the first time the United States has targeted Myanma Oil and Gas Enterprise (MOGE) officials under the current Myanmar sanctions program, a Treasury spokesperson said. Mining Enterprise No 1 and Mining Enterprise No 2, both state-owned enterprises, as well as the Union Election Commission, were also hit with sanctions by Washington.

☆ Hundreds more Canada-made armoured vehicles to arrive in Ukraine by summer
▼ + stars: | 2023-01-19 | by ( Kyaw Soe Oo | ) www.reuters.com time to read: +2 min

MISSISSAUGA, Ontario, Jan 19 (Reuters) - A Canadian company supplying battle-ready armoured vehicles to Ukraine plans to deliver the 200 vehicles Ottawa promised to Kyiv before summer, the firm's Chief Executive Officer Roman Shimonov said on Thursday. Ontario-based Roshel Inc builds armoured vehicles for government and commercial organizations, including the U.S State Department and the National Aeronautics and Space Administration (NASA). The Senators can be used be used as a medical evacuation vehicle or as a tactical combat vehicle, he said. The company has established a "sophisticated" secure supply chain and has been shipping a few armoured vehicles every day, Shimonov said in an interview at Roshel's assembly plant in Mississauga. Shimonov declined to share details, but said Ottawa's order of 200 armoured vehicles for Ukraine is expected to be delivered by summer.

☆ Jamaica: President Andrew Holness declares state of emergency
▼ + stars: | 2022-12-07 | by ( Teele Rebane | ) edition.cnn.com time to read: +1 min

CNN —A widespread state of emergency has been declared across Jamaica to fight violent crime, the island nation’s Prime Minister Andrew Holness said in a public address Wednesday. We have some really serious criminal threats facing us and we have to use all the powers at our disposal,” Holness said. The State of Emergency (SOE) will be enforced in nine of Jamaica’s 14 parishes, including Clarendon, Saint Catherine, Westmoreland, Hanover and parts of Kingston, Saint Andrew, Saint Ann and Saint James, which encompasses the popular tourist destination Montego Bay. Jamaican Prime Minister Andrew Holness arrives for the opening session of the 9th Summit of the Americas in Los Angeles, California, June 9, 2022. Patrick T. Fallon/AFP/Getty ImagesThe state of emergency allows authorities to arrest people and search buildings without a warrant.

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