Celebration for new year 2019

Jakarta (VNA) – Indonesia will introduce a new business licensing regime in the omnibus bill on job creation to boost competitiveness and bolster investment, as the country's ranking in the World Bank’s Ease of Doing Business index stagnates at 73rd. Head of the Indonesian Investment Coordination Board (BKPM) Bahlil Lahadalia said on February 17 that the board had started to handle all licensing issuance from January 31. The new system will cut licensing hurdles as issuance was previously spread across government institutions and regional administrations, causing uncertainty to both investors and businesses. This is meant to provide certainty as investors will start and finalise their investment through the BKPM and this will prevent a ping pong of investors from one ministry to another, Bahlil said. Presidential Instruction (Inpres) No. 7/2019 grants the BKPM the authority to take over all business permits and makes the agency the lead in evaluating and making … [Read more...] about Indonesia to introduce new business licensing regime

Hanoi (VNA) – Chairwoman of the National Assembly (NA) Nguyen Thi Kim Ngan has asked newly-appointed Australian Ambassador Robyn Mudie to foster the exchange of high-ranking delegations and meetings in a bid to enhance political trust and comprehensive cooperation between the two countries. At a reception for the Australian diplomat in Hanoi on February 19, Ngan thanked Mudie and Australian agencies for their coordination and contributions to the success of an official visit to Vietnam by Australian Prime Minister Scott Morrison in August 2019, as well as Vietnamese NA Vice Chairwoman Tong Thi Phong’s attendance at the 28th annual meeting of the Asia Pacific Parliamentary Forum (APPF) in Australia and her meeting with Vice President of the Australian Senate Sue Lines last January. Ngan took this occasion to extend her sympathy over great losses in humans, property and environment caused by recent forest fires in Australian states, expressing her belief that local … [Read more...] about New Australian ambassador asked to foster exchange of delegations

Kuala Lumpur (VNA) – Malaysia’s Prime Minister Mahathir Mohamad announced on May 30 that the search for missing Malaysia Airlines flight MH370, which ended this week with no trace found, may be resumed if new evidence comes to light. He made the announcement after a three-month search carried out by Ocean Infinity, an America-based firm, officially ended on May 29 without making major progress. The Texas-based company has carried out three-month search in a massive swathe of seabed measuring 112,000 square kilometres, four times wider than the area where experts believe that the flight crashed. “We have not found any evidence yet, so we have to come to a stage where we cannot keep searching for something we really cannot find,” Mahathir said at a press conference held after the weekly cabinet meeting. He added that the new government will consider resuming the search if somebody can provide any information, but at the moment it must stop. The Boeing 777 … [Read more...] about Malaysia: Search for MH370 may be resumed if new evidence found

Sabeco is at its lowest since being acquired by ThaiBev Ending the trading session on February 17, the stock of Saigon Beer, Alcohol and Beverage (Sabeco), was VND186,000 ($8.1), down 2 per cent compared to the end of the previous week. This is the lowest the ticker has been since July 2017. … [Read more...] about $1.17 billion of Sabeco capitalisation evaporates

They also noted that the court has given an "unfair" verdict by dividing the ownership of Vu and Thao in Trung Nguyen 60:40 ratio in Vu’s favor and ordering that Vu buys out Thao’s shares with cash so as the latter will no longer be a Trung Nguyen shareholder. … [Read more...] about Annul Vietnam coffee royalty divorce verdict, prosecutors urge