President of the Confederation of Indonesian Trade Unions (KSPI) Said Iqbal has called on the government to prepare more measures to support workers who lose their jobs, such as providing money to workers and drivers. On the other hand, the government also needs to reduce interest rates on bank loans and taxes for tourism businesses to help them overcome the current hard time. … [Read more...] about Latest covid-19 news in Vietnam and Southeast Asia on April 7 (updated hourly)
Vietnam investment group
Standard Chartered commits $75 billion toward SDGs
According to Tracey McDermott, group head of Corporate Affairs, Brand and Marketing, in the past 18 months, the bank has made a series of commitments which are all geared towards supporting the Paris Agreement on Climate Change and the transition to a cleaner, greener, fairer economy. … [Read more...] about Standard Chartered commits $75 billion toward SDGs
EU ministers to agree virus rescue plan, not ‘coronabonds’
The EU’s 27 member states are responding to certain recession with individual spending plans, in which rich countries like Germany and the Netherlands have the means to spend big but indebted Spain (health workers pictured) and Italy do not. — AFP/VNA Photo … [Read more...] about EU ministers to agree virus rescue plan, not ‘coronabonds’
FWD extends non-face-to-face application measures to cover 37 protection insurance products
Kelvin Yu, Chief Product Officer of FWD Hong Kong & Macau, welcomed the new measures, "As the pandemic develops with increasing number of confirmed cases, we see a rising awareness and need for health protection insurance, yet the risks of face-to-face meetings during policy application might cause customers to put their plans on hold, affecting the timeliness of getting fortified protection for themselves and their families. The temporary facilitative measures provide customers with an additional channel to secure their coverage. In response to the new measures, we have significantly widened the choice of eligible products to a total of 37 plans for which customers can simply apply via phone calls and get covered as early as possible." … [Read more...] about FWD extends non-face-to-face application measures to cover 37 protection insurance products
Sustained growth can be achieved through reforms
Global analyst FocusEconomics last week told VIR that it projects the Vietnamese economy to expand by only 5.2 per cent in 2020, down 1.3 percentage points from last month’s forecast, and 7 per cent in 2021. Notably, the firm’s February forecast of 6.5 per cent was lower than the previous month’s projection of 6.6 per cent. … [Read more...] about Sustained growth can be achieved through reforms
