Capital flow property

An HDBank transaction office in HCM City. HDBank hopes to maintain its high growth momentum in the coming years. — Photo courtesy of HDBank The Ho Chi Minh City Development Joint Stock Commercial Bank has announced its 2022 results audited by PwC, which shows profit before tax of nearly VND10.27 trillion (US$437.18 million), its highest ever and up 27.2 per cent from the previous year and 105 per cent of the target approved by shareholders. The non-performing loans (NPL) ratio was low, while operational safety indicators were among the best in the industry. The operating income for the year topped VND22 trillion ($936.39 million), up 31.1 per cent. Its credit, services, card, and digital banking businesses all saw high growth. The total number of credit cards it issued quadrupled while their transaction value nearly tripled, and the number of e-banking transactions doubled with their value growing by six times to VND761 trillion ($$32.39 million). The return on equity and … [Read more...] about HDBank outstanding loans to property sector, corporate bond holdings among industry lowest

JAKARTA -- Indonesian property firm PT MNC Land launched on Friday a 1,040 hectare (2,570 acre) tourism complex on Java island, where former U.S. President Donald Trump's company will operate a hotel and a golf course. Indonesian President Joko Widodo also inaugurated a special conomic zone within MNC's tourism project, which is called Lido City and located around 60 km (37 miles) south of the capital Jakarta in the Bogor area. MNC Land said the special economic zone status means investors or developers can benefit from corporate and luxury goods sales tax cuts and some leniency on permits, adding benefits included an 80-year building rights title and foreign ownership. It was not clear whether the Trump Organization would also benefit from tax breaks, which include a tax holiday for corporate tax for 10 to 20 years based on the investment value. During his presidency, Trump had kept ownership of his global business empire, but handed off control to his two oldest sons through … [Read more...] about Trump’s Indonesia partner launches tourism complex on Java

According to a report delivered at the session, the Government proposed adding the Law amending and supplementing a number of articles of the Law on People's Public Security to the fifth N.A. session’s working agenda for the legislature’s consideration and approval. Five draft laws, namely the draft Law on Citizen Identification (amended), the draft Law on Credit Institutions (amended), the draft Law on Roads, the draft Law on Road Traffic Order and Safety, and the draft Law on forces participating in security and border protection at the grassroots level, will be put on the table during this session, scheduled to take place in May. These draft laws will be submitted to the National Assembly for approval in the sixth plenary session, which will be held later this year. During this session, the legislature will also give comments on the draft Law on Defense Industry, Security and Industrial Mobilization; the draft Law amending and supplementing a number of articles of the Law on … [Read more...] about N.A. Law Committee holds 13th plenary session