HANOI — On Wednesday, four State-owned banks said they would cut interest rates on đong loans in the Government’s priority sectors to support firms in 2019, starting from Thursday. According to the banks, the cut followed up on the Government’s instruction to support domestic production and businesses. Under the plan, Agribank, VietinBank, Vietcombank and BIDV will reduce […]
Read MoreTHE BOARD of Investment (BoI) has increased its target for investment into the country lured by its privileges in spite of the uncertain economic conditions. While the 2019 target of Bt750 billion exceeds that of last year’s Bt720 billion, it has been described as conservative. Deputy Prime Minister Somkid Jatusripitak said the focus would be […]
Read MoreThe value of the rupiah against the US dollar rose in the first week of 2019 after depreciating heavily last year, with analysts projecting that the currency may continue to gain ground despite global uncertainty. Data from the Jakarta Interbank Spot Dollar Rate show the rupiah traded at 14,465 against the US dollar on Jan. […]
Read MoreMANILA, Philippines — Infrastructure spending likely reached 6.2 percent of gross domestic product in 2018, according to the Department of Budget and Management (DBM). In his weekly press briefing, Budget Secretary Benjamin Diokno said the share of the country’s infrastructure spending to GDP, on an obligation basis, may have reached 6.2 percent in 2018, slightly […]
Read MoreTHE retirement and re-employment model for older workers continues to be relevant – and the mandatory retirement age should remain at 62 years, according to employer, government and worker representatives on Wednesday. Their views were made at an Institute of Policy Studies’ (IPS) forum on older workers, where questions were raised on the retirement age […]
Read MoreHANOI — The Nghi Son Economic Zone in the central province of Thanh Hoa will be expanded to 106,000 ha, ten times larger than its initial planned size, in order to meet business demand and turn the area into a driving force for the socio-economic development of the province and the north-central region. The new master plan […]
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Thailand
