The IA has recently launched phase 2 of temporary facilitative measures in view of the continuing COVID-19 pandemic, widening the types of life insurance products that can be distributed through non-face-to-face methods to minimise the risk of infection during the selling process for both customers and insurance intermediaries. Validity of the temporary measures have also been extended till 30 June 2020. … [Read more...] about FWD extends non-face-to-face application measures to cover 37 protection insurance products
Vietnam main products
Eight export commodity groups enjoy turnover of over US$1bil in Q1
The country’s total export turnover from the beginning of the year to March 15 enjoyed a surge of 6.8% to US$50.294 billion on-year. A total of eight commodity groups significantly contributed to the positive results, including aquatic products, timber and wooden products, textile, footwear, computers, electronic products and components, phones and components, machinery, equipment, tools and spare parts, along with transport. … [Read more...] about Eight export commodity groups enjoy turnover of over US$1bil in Q1
Sustained growth can be achieved through reforms
It explained that a disruption of supply chains in the region will result in slower manufacturing growth, due to an inability to secure inputs from and export to China, a key trade partner. Moreover, a cutback in tourist arrivals from the country’s top three markets – China, South Korea, and Japan – will weigh on tourism and by extension the services industry. … [Read more...] about Sustained growth can be achieved through reforms
Indonesia moves to provide electricity for entire population by 2020
Jakarta (VNA) – The Indonesian Government plans to invest at least 1,260 billion Rp (76.14 million USD) in electrifying 433 remote villages in the country’s four most impoverished provinces in 2020. Speaking at a recent Cabinet meeting, President Joko Widodo said that the programme is part of efforts to provide electricity for the entire population this year. State-owned electricity firm PLN pledged to deploy new technology in mapping and electrifying the 433 remote villages in Papua, West Papua, East Nusa Tenggara and Maluku. PLN achieved a 98.89 percent ratio last year but it is struggling to cover the last mile, mainly due to logistical hurdles in the world’s largest archipelago. “Once things return to normal after the COVID-19 pandemic, we will execute the programme,” said PLN president director Zulkifli Zaini after the meeting. “In fact, if possible, we want most of the 433 villages electrified by August 17,” which is Indonesia’s … [Read more...] about Indonesia moves to provide electricity for entire population by 2020
State-owned enterprises face VNĐ3.7 trillion loss in Q1 due to COVID-19
Nineteen State-owned groups and corporations under the Commission for the Management of State Capital at Enterprises (CMSC) incurred losses worth more than VNĐ3.7 trillion (US$160 million) in the first quarter of this year due to the impacts of the COVID-19 pandemic. … [Read more...] about State-owned enterprises face VNĐ3.7 trillion loss in Q1 due to COVID-19
