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News updates from February 7: Netanyahu rejects Hamas ceasefire demand, Disney unveils $3bn buyback
Buffett-backed Mitsubishi’s shares surge to record high on ‘monster buyback’
...Calling it a “monster buyback” that “market participants were not expecting”, Jefferies analyst Thanh Ha Pham added that the company “has another ¥500bn excess cash that it could return to shareholders”....
February 7, 2024
Mitsubishi Corp
Buffett-backed Mitsubishi’s shares surge to record high on ‘monster’ buyback
...Calling it a “monster buyback” that “market participants were not expecting”, Jefferies analyst Thanh Ha Pham said the company had “another ¥500bn excess cash that it could return to shareholders”....
February 7, 2024
FT Live
Global Insurance Summit
Strengthening resilience, capital and innovation as systemic risks evolve
Thursday, 13 JuneLondon, UK
Vietnam
Vietnam bets on new airports to boost tourism and supply chains
...Prime Minister Pham Minh Chinh said the inefficiencies were holding back the economy, with the city next year likely to see double the 25mn flyers its airport was designed to handle, news outlet VnExpress...
November 28, 2023
Vietnam
Corruption purge and tycoon’s $12bn bank fraud trial shake Vietnam
...In 2021, Nguyen Thi Thanh Thuy jumped at an offer by Vietnam’s Saigon Joint Stock Commercial Bank (SCB) to invest in a new savings product offering high interest rates....
March 20, 2024
HTSI
Watches that start with the call of the wild
...Hermès worked with the Swiss Centre for Electronics and Microtechnology to create a dial made from silicon wafer to capture the graphic style of artist Thanh-Phong Lê’s depiction of the sea at twilight....
April 27, 2022
Vietnam
As Silicon Valley welcomed Vietnam leader, Hanoi tightened tech laws
...During his trip, Prime Minister Pham Minh Chinh met representatives from Facebook and Google, two foreign tech giants that profit most from the Vietnamese market but which also are lobbying against Hanoi...
July 4, 2022
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
Commodities
Japan’s titanium makers expected to gain more US business from Ukraine war
...“The countries with companies that are certified to produce and ship [titanium] for the aerospace industry are pretty much Russia, Ukraine, Kazakhstan and Japan,” said Thanh Ha Pham, an analyst at Jefferies...
April 10, 2022
InterviewHow to Lead
FWD’s Huynh Thanh Phong: ‘You have to find the right way to connect’
...When Hong Kong billionaire Richard Li asked Huynh Thanh Phong in 2013 to build a new kind of insurance platform across Asia, Phong had one request in return: patience....
April 11, 2021
IPOs
Hong Kong tycoon Richard Li’s FWD to raise up to $3bn in US IPO
...The expansion strategy of Huynh Thanh Phong, FWD’s chief executive, has focused on pairing moves into new Asian markets with the use of technology to reduce the paperwork and complexity common to the industry...
June 17, 2021
Vietnam
Vietnam identifies new coronavirus variant as infections surge
...Additional reporting by Pham Hai Chung in Hanoi and Clive Cookson in London Follow on Twitter: @JohnReedwrites...
May 30, 2021
Coronavirus
Vietnam rushes to contain outbreak of more contagious Covid variant
...Twitter: @JohnReedwrites Additional reporting by Pham Hai Chung in Hanoi...
January 29, 2021
News in-depthMyanmar
Japanese companies stick with Myanmar despite putsch
...I don’t think that their decision-making will be the same,” said Thanh Ha Pham, an analyst at Jefferies in Tokyo....
February 23, 2021
Berkshire Hathaway Inc
Warren Buffett makes $6bn bet on Japanese trading houses
...Jefferies analyst Thanh Ha Pham said that while the Japanese trading houses would face pandemic-related challenges, in the longer-term each had hundreds of subsidiaries and affiliates across all industries...
August 31, 2020
UK immigration
Ten of 39 UK trailer dead were teenagers, say police
...The oldest was Le Trong Thanh, a 44-year-old man from Dien Chau....
November 8, 2019
UK immigration
Three bailed as UK truck deaths probe focuses on Vietnam
...Pham Thi Tra My’s family told reporters they had paid smugglers £30,000 and that she was planning to work in a nail bar....
October 27, 2019
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Mergers & Acquisitions
Thailand’s SCB sells insurance arm to Hong Kong’s FWD for $3bn
...“The future for the Thai market will be exceptionally good, and we want to be part of this market,” said Huynh Thanh Phong, FWD’s chief executive....
July 1, 2019
News in-depthSupply chains
Vietnam gains ground in shift from China
...Additional reporting by Pham Hai Chung in Hanoi...
September 17, 2019
Mergers & Acquisitions
Richard Li’s FWD Group acquiring an Asian insurance empire
...“We do not want to outcompete AIA the AIA way or Prudential the Prudential way,” FWD chief executive Huynh Thanh Phong, said in an interview earlier this year. “Because it will take us forever....
June 28, 2019
scoutAsia Research
Vietnam’s drinkers unfazed by legal curbs Premium content
...Pham Quang Thanh, an analyst at market research firm FPT Securities, said he still expects beer sales to grow by 5 per cent to 6 per cent a year for the next three years....
July 11, 2019
News in-depthEM Squared
Vietnam FX intervention raises risk of US retaliation Premium content
...Pham Thanh Ha, director-general of the bank’s monetary policy department, said in an interview released on the SBV’s website on May 23 that in the first four months of 2019 “the SBV was able to purchase...
June 5, 2019
FT Magazine
The rise and rise of a Vietnamese corporate empire
...In April, police arrested Pham Nhat Vu, Vuong’s brother, on suspicion of bribery in a telecoms scandal....
June 27, 2019
Travel & leisure industry
Rise of the Vietnamese tourist points to growing middle class
...“There aren’t so many times you can have a long holiday,” said Ms Pham, who is 27. “I use every Tet to go abroad.”...
February 13, 2018
Industrial metals
Five questions on Kobe Steel and quality controls
...Thanh Ha Pham, analyst at Jefferies, says: “From Toyota’s perspective, they have two suppliers for aluminium — Kobe Steel and UACJ. If you’re Toyota, you can’t afford to have one supplier....
October 11, 2017
News in-depthCorporate governance
Kobe Steel scandal strikes another blow to Japan Inc
...One of the giveaways of corporate governance failure, says Thanh Ha Pham, an analyst at Jefferies, is that the problem has emerged across the Kobe Steel group, rather than being restricted to a single division...
October 15, 2017
US & Canadian companies
Richard Li to buy AIG’s remaining Asia life assets
...Huynh Thanh Phong, FWD’s chief executive, said the acquisition was a “strong foundation” for its entry into Japan. The business will maintain distribution agreements with AIG Japan....
November 15, 2016

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