Moody’s Investors Service has placed the long-term ratings and assessments of three Vietnamese finance companies and two Vietnamese banks on review for downgrade. The finance companies are VPBank Finance Company Limited (FE Credit), Home Credit Vietnam Finance Company Limited (HCV), and SHBANK Finance Company Limited (SHB Finance). The banks are Vietnam Prosperity Joint Stock Commercial […]
Read MoreThe State-run SME (Small and Medium Enterprise) Bank is expected to help lift local productions, supplying domestic demands, officials and key insiders said. The remarks were made after the official operation of long-awaited SME Bank is scheduled within this year, in a move to reply to the financial need of SMEs. Speaking at a press […]
Read MoreForeign exchange (forex) reserves surged to US$127.9 billion in April on the back of the government’s issuance of US dollar-denominated bonds in the same month, Bank Indonesia announced Friday. The current reserves level, an increase from $121 billion in March, is estimated to be sufficient to support 7.5 months of imports and to bear the payment […]
Read MoreKUALA LUMPUR, May 8 — Companies may resume business operations from May 4, 2020 without an approval letter from the Ministry of International Trade and Industry (Miti) and Covid-19 screening of workers is not mandatory, says the ministry. In a statement in relation to frequently asked questions about the conditional movement control order here today, […]
Read MoreThe board of the Social Security Office (SSO) has voiced disagreement with the Labour Ministry’s plan to raise compensation payments to workers insured under the Social Security Act who lost their jobs or were furloughed due to the Covid-19 outbreak. Tawee Deeying, an employees’ representative on the SSO board, said the board stands by its […]
Read MoreFitch Solutions has forecast Indonesia’s GDP to contract by 1.3 percent this year, compared with 2.8 percent economic growth in its previous projection, as the country is likely to see a slow recovery and remain under lockdown for a prolonged period. The national economy is heading into contraction as the country is still in the […]
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