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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

As e-commerce is a field which needs significant capital, Vietnamese businesses without a parent company with strong financial potential would not be able to develop and compete as they are only allowed to access capital from the narrow list of investors announced periodically by the Ministry of Industry and Trade, he said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 20

Under the World Bank’s calculations, Vietnam’s main instrument for macro-monitoring has been the speedier implementation of the public investment programme, which has been plagued by slow disbursement in the last few years. As a result, total public investment disbursement increased from VND192 trillion ($8.34 billion) in the first three quarters of 2019 to VND269 trillion ($11.7 billion) during the same period in 2020 – an increase of 40 per cent. … [Read more...] about Reshuffle underway to further stimulate revival of economy

PM Phuc also asked for increased education in terms of politics, thought, tradition, revolutionary morality, and occupational skills for intelligence officers, as well as the building of a contingent of intelligence officers who have firm political mettle, steadfastness, and absolute loyalty to the Party, Fatherland, and people, are ready to sacrifice for the sake of the Party and nation’s revolutionary cause, and have a sharp vision and outstanding qualifications to fulfill both short- and long-term tasks. … [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