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Jakarta (VNA) – Members of the Indonesian House of Representatives (DPR) are discussing candidates for the supervisory board of the Sovereign Wealth Fund (SWF), representative of the House’s Commission XI Amir Uskara said on January 19. Earlier, President Joko Widodo sent a letter to the parliament, proposing the names to the DPR leaders. The President’s letter on the SWF investment authority board is still in possession of DPR leaders, who is going to hold an official meeting about the letter itself, he said, adding the formation of the SWF authority board will be discussed in the consultative assembly while the President’s proposed names will be considered carefully. The SWF is established in the context that the Indonesian economy has been battered by the COVID-19 pandemic. It is planned to operate early this year, and is expected to help the Southeast Asian country recover its economy after the outbreak is controlled. President Widodo earlier said that … [Read more...] about Indonesian parliament discusses candidates overseeing sovereign wealth fund

Earlier, the Vietnam Airlines Group, which include Vietnam Airlines, budget carrier Jetstar Pacific and Vietnam Air Services Company (VASCO), said it will supply over 414,000 extra seats from January 27 to February 26, 2021 to serve increasing travel demand. This will bring the total seats on flights operated by the Vietnam Airlines Group during the traditional holiday to 2.4 million, equivalent to nearly 12,000 flights. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

“Public investment will be focused on key sectors of the economy, key works and projects which have spillover effects and can create socioecomomic development momentum, and create breakthroughs in attracting capital from domestic and foreign private sources under the form of public-private partnership,” the report stated. “All loans must be strictly controlled in order to invest into socioeconomic infrastructure. Inspection in all public investment activities will continue being launched so as to stay corruption and wastefulness.” … [Read more...] about Reshuffle underway to further stimulate revival of economy

During the first year of serving as a non-permanent member of the UNSC for the 2020-2021 tenure, Vietnam made a number of hallmarks such as pushing forward the UNSC’s adoption of the Presidential Declaration on the compliance with the UN Charter, organising the ASEAN-UN dialogue, and especially proposing and promoting the UN General Assembly’s Resolution on designating December 27 as International Day of Epidemic Preparedness for the first time. … [Read more...] about VIETNAM NEWS JANUARY 20

“With consumer buying habits and expectations evolving so quickly, this initiative is just one of the ways that Mastercard is fostering financial inclusion and helping small businesses to go digital across their operations to reduce costs, increase efficiency and improve cash flow management – all while staying safe and protected from cyber risks and fraud,” said Malhotra. … [Read more...] about Mastercard launches one-stop resource site to support SMEs’ digital transformation in Asia Pacific