“The government will continue to pursue fiscal consolidation. While disbursement on capital expenditure should speed up, the government is continuing its efforts to strengthen revenue collection and impose much tighter controls on nonessential spending to contain the budget deficit and improve public debt sustainability,” Cuong said. … [Read more...] about Tight control of debt safeguarding finances
Debt by president
After the government’s efforts over three years to settle their problems, only two of the 12 projects have become profitable for their companies. Two others have managed to reduce losses and one has resumed operations after a hiatus. … [Read more...] about 12 ailing state-managed projects mired in $2.7 bln debt
Moody's expected that CIFI's sizable salable resources, strong sales execution and solid housing demand in the Group's core markets will enable the Group to further grow its contracted sales to RMB220billion to RMB240 billion over the next 12 to 18 months. The Group's EBIT/interest will also improve to 3.1x to 3.6x from 2.5x over the same period, driven by higher earnings and declining interest costs. … [Read more...] about CIFI’s Corporate Family Rating (CFR) Upgraded to ‘Ba2’ and Senior Unsecured Debt Rating on Its Existing Notes Upgraded to ‘Ba3’ by Moody’s Outlook Stable
Last-minute legal wrangles notwithstanding, Joe Biden is expected to be sworn in as the United States’ 46th President on January 20, 2021. In the West, the election of a moderate political veteran has been resoundingly welcomed as a cool breeze to temper the “fire” that marked the Trump years. Asia’s take on this regime change has been a little more ambivalent – and particularly so in Viet Nam, it seems. … [Read more...] about Will Biden be a boost for Viet Nam?
The information was released at an online meeting about approved important decisions related to the Asian football activities in 2021 under the chair of AFC President Sheikh Salman Bin Ibrahim Al-Khalifa yesterday afternoon. Attending in the meeting were Mr. Tran Quoc Tuan, Vietnam Football Federation (VFF) Permanent Vice President, a member of the AFC Standing Committee and Chairman of AFC Competitions Committee and members of the AFC Standing Committee. All those expressed deep concern over the impact of the Covid-19 pandemic on AFC Champions League, 2022 FIFA World Cup qualification and 2023 AFC Asian Cup qualification. … [Read more...] about AFC donates US$50,000 in cash to children in Central flood-hit provinces