The Hanoitimes – The State Bank of Vietnam has tightened lending regulations, not allowing credit institutions and foreign bank branches to disburse loans in cash effective from April 2 this year, according to a new circular. Under Circular No.21/2017/TT-NHNN, which stipulates the mode of disbursement of loans by credit institutions and foreign bank branches to customers, […]
Read MoreInflation in March was driven primarily by fuel, tobacco, alcoholic beverages and milled rice. The Commerce Ministry reported Monday headline inflation based on the consumer price index (CPI) rose 0.79% in March from the same month a year earlier. This followed an increase of 0.42% in February, which eased from a 0.68% reading in January. Significant rises […]
Read MoreThe Council for the Development of Cambodia (CDC) has preliminarily issued final registration certificates for 35 projects with a combined investment capital of $444 million from January to the end of last month. Once operational, the projects are expected to provide more than 30,335 jobs. Nine of the projects are related to the garment, textile […]
Read MoreSINGAPORE – Manufacturing saw its 19th straight month of improved conditions in March, with the Purchasing Managers’ Index (PMI) edging up to 53.0 from an earlier 52.7. This was a notch faster than economists’ expectations of 52.8, according to a poll by Bloomberg. The PMI, based on surveys, is a leading indicator of economic activity. […]
Read MoreKUALA LUMPUR: The government will eventually impose even more levies to reduce foreign worker count in selected industries, said Second Finance Minister Datuk Seri Johari Abdul Ghani. “We will impose more levies. At this moment, the levies are already high, so we will give them time to manage this. We need to manage our reliance on […]
Read MoreMANILA, Philippines — Metro Pacific Investments Corp. (MPIC) has acquired a 49 percent stake in Tuan Loc Water Resources Investment Joint Stock Co. (TLW) for roughly P2 billion. The transaction allows MPIC, through subsidiary MetroPac Water Investments Corp., to “expand into Vietnamese industrial water concessions.” TLW is one of the largest water companies in Vietnam, […]
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